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← CHARLES REGIONAL MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by CHARLES REGIONAL MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$929,088
Total expenses
$609,499
Contributions and grants received
$723,980
Grants paid
$20,405
Program service revenue
$0
Investment income
$103,373
Other revenue
$101,735
Total assets, end of year
$6,526,914
Total liabilities, end of year
$286,976
Net assets or fund balances, end of year
$6,239,938
Program services expenses (Part IX)
$391,516
Management and general expenses
$89,796
Fundraising expenses
$128,187
Program service expenses (Part III)
$391,516

Program services were 64.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $265,627

  • 1d · Related organizations

    $89,337

  • 1f · All other contributions, gifts and grants

    $369,016

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $103,373 · related or exempt $0 · unrelated business $0 · excluded $103,373

  • 6a · Gross rents

    real property $189,251

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $189,251 · personal property $0

  • 6d · Net rental income or loss

    total $189,251 · related or exempt $0 · unrelated business $0 · excluded $189,251

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $37,700

  • 8a · Fundraising events: contributions included on line 1c

    $265,627

  • 8b · Fundraising events: direct expenses

    $125,216

  • 8c · Net income from fundraising events

    total -$87,516 · unrelated business $0 · excluded -$87,516

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,405 · program services $20,405

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $243,476 · program services $175,272 · management and general $68,204 · fundraising $0

  • 8 · Pension plan contributions

    total $323 · program services $0 · management and general $323 · fundraising $0

  • 10 · Payroll taxes

    total $4,814 · program services $0 · management and general $4,814 · fundraising $0

  • 11g · Fees: other

    total $17,094 · program services $17,094 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $116,823 · program services $992 · management and general $288 · fundraising $115,543

  • 13 · Office expenses

    total $12,433 · program services $7,409 · management and general $4,179 · fundraising $845

  • 17 · Travel

    total $3,399 · program services $863 · management and general $545 · fundraising $1,991

  • 18 · Travel or entertainment for public officials

    total $1,247 · program services $757 · management and general $0 · fundraising $490

  • 22 · Depreciation, depletion and amortization

    total $133,740 · program services $133,740 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bad Debt

    total $21,582 · program services $21,582 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS

    total $20,899 · program services $344 · management and general $11,237 · fundraising $9,318

  • 24c · Other expenses: Repairs and Maintenance

    total $13,264 · program services $13,058 · management and general $206 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,518,067 · end of year $1,420,601

  • 3 · Pledges and grants receivable

    beginning of year $5,157 · end of year $16,485

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,555 · end of year $4,555

  • 10a · Land, buildings and equipment: cost or other basis

    $3,616,486

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,820,683

  • 10c · Land, buildings and equipment, net

    beginning of year $1,834,413 · end of year $1,795,803

  • 11 · Investments: publicly traded securities

    beginning of year $2,033,897 · end of year $1,519,131

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $737,733 · end of year $1,770,339

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,418 · end of year $42,945

  • 19 · Deferred revenue

    beginning of year $29,932 · end of year $29,932

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $522,060 · end of year $214,099

  • 27 · Net assets without donor restrictions

    beginning of year $4,511,255 · end of year $4,882,129

  • 28 · Net assets with donor restrictions

    beginning of year $1,023,157 · end of year $1,357,809

Mission and programs · 2023

Mission

TO ENHANCE THE HOSPITAL'S FINANCIAL RESOURCES SO IT MAY PROVIDE EXCELLENT HEALTH CARE SERVICES TO ALL MEMBERS OF THE COMMUNITY.

  • THE Charles Regional Medical Center (CRMC) FOUNDATION HAD MANY ACCOMPLISHMENTS DURING FISCAL YEAR 2024 (JULY 1, 2023 - JUNE 30, 2024). THE STAFF PROCESSED 1,649 GIFTS FROM 497 DONORS DURING THE YEAR. AMONG THE HIGHLIGHTS OF THE FOUNDATION WAS CONTINUATION TO PARTNER WITH THE SYSTEM TO EXPAND OUR INDIVIDUAL AND PLANNED GIVING CAPACITY AS WELL AS ELIMINATE UNNECESSARY DUPLICATION. THE CRMC FOUNDATION CONTINUES TO ENGAGE IN ROBUST GRANT WRITING EFFORTS TO EXPAND THE OPERATIONAL CAPACITY OF THE MEDICAL CENTER. THE BOARD REMAINS FULLY COMMITTED TO CARRYING OUT THE MISSION AND VISION OF THE FOUNDATION AND MAINTAINING ITS REPUTATION AS ONE OF THE TOP NON-PROFITS IN THE REGION. THE FOUNDATION continued Its 3RD PARTY FUNDRASIERS INCLUDING A silver sale and a book and gift seasonal sale. STAFF TRANSITIONs TOOK PLACE AND A NEW HIRE WAS ORIENTATED AND BROUGHT UP TO SPEED ON OUR ACTIVITIES. THE FOUNDATION SUCCESSFULLY COMPLETED ALL OF ITS TRADITIONAL SPECIAL EVENTS (CELEBRATION GALA, GOLF AND WINE TASTING), AND EXECUTED THE ANNUAL AND MEMORIAL PROGRAMS THROUGHOUT THE YEAR AS WELL AS THE HONOR ROLL OF WOMEN.

    Expenses $391,516 · Grants $20,405

As filed on the 2023 return.

Listed in Part VII

  • Chris Simpson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dana McPherson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane Hicks

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Noel A Cervino

    PRESIDENT -UMCRMC

    Total calculated
    $707,153
    From this org
    $0
    From related orgs
    $669,468
    Other
    $37,685
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $416,518 related
    Bonus
    $0 + $178,245 related
    Other
    $0 + $74,705 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $24,485 related
    Filer's total
    $0 + $707,153 related

  • Casey Compton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Heier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leanne Lakes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorenzo Childress MD

    DIRECTOR

    Total calculated
    $354,072
    From this org
    $0
    From related orgs
    $311,343
    Other
    $42,729
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,107 related
    Bonus
    $0 + $82,712 related
    Other
    $0 + $524 related
    Deferred
    $0 + $9,495 related
    Nontaxable benefits
    $0 + $33,234 related
    Filer's total
    $0 + $354,072 related

  • Pam Rollins-Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Cook

    DIRECTOR

    Total calculated
    $330,755
    From this org
    $0
    From related orgs
    $287,691
    Other
    $43,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,624 related
    Bonus
    $0 + $50,344 related
    Other
    $0 + $26,723 related
    Deferred
    $0 + $8,907 related
    Nontaxable benefits
    $0 + $34,157 related
    Filer's total
    $0 + $330,755 related

  • Albert J Zanger

    SVP, Finance

    Total calculated
    $350,945
    From this org
    $0
    From related orgs
    $312,970
    Other
    $37,975
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,601 related
    Bonus
    $0 + $68,798 related
    Other
    $0 + $21,571 related
    Deferred
    $0 + $9,182 related
    Nontaxable benefits
    $0 + $28,793 related
    Filer's total
    $0 + $350,945 related

  • Michael Bellis

    Executive Director

    Total calculated
    $149,327
    From this org
    $0
    From related orgs
    $104,472
    Other
    $44,855
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION DOES NOT HAVE PAID EMPLOYEES, ALL COMPENSATION TO OFFICERS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION (UMMS) OR ANOTHER RELATED ENTITY IN THE UMMS SYSTEM. THE RELATED ENTITY CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DURING THE FISCAL YEAR-ENDED JUNE 30, 2024, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM (UMMS) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAS VESTED IN THE PLAN IN A PRIOR YEAR, THEREFORE THE CONTRIBUTIONS TO THE PLAN FOR THE FISCAL YEAR ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, LINE B (III), OTHER REPORTABLE COMPENSATION: NOEL A CERVINO, $62,248 ALBERT J ZANGER, $21,078 STACEY COOK, $20,041

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BALTIMORE WASHINGTON IMAGING

    N/A · HEALTHCARE · MD

    Directly controlled by UMBWMS

  • UNIVERSITYCARE LLC

    N/A · HEALTHCARE · MD

    Directly controlled by UMMSC

  • O'DEA MEDICAL ARTS LIMITED PAR

    N/A · RENTAL · MD

    Directly controlled by SJMC PROP

  • ADVANCED IMAGING AT ST JOSEPH

    N/A · HEALTHCARE · MD

    Directly controlled by UMSJMC

  • UNIVERSITY OF MARYLAND CHARLES

    N/A · HEALTHCARE · MD

    Directly controlled by UMCRCP

  • BALTIMORE ASC VENTURES LLC

    N/A · HEALTHCARE · DE

    Directly controlled by UMSJMC

  • UCHSUMMS Real Estate Trust

    N/A · Holding Co · MD

    Directly controlled by UMMSC

  • UM Chesapeake Surgery Center LLC

    N/A · Healthcare · MD

    Directly controlled by UCHV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NA EXECUTIVE BUILDING CONDO ASSN INC

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UM CHARLES REGIONAL CARE PARTNERS

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UNIVERSITY MIDTOWN PROF CENTER

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UNIVERSITY OF MARYLAND MEDICAL SYSTEM HE

    C Corporation · INSURANCE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE HEALTH VENTURES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL CENTER LAND CON

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • UPPER CHESAPEAKE MEDICAL OFFICE BUILDING

    C Corporation · REAL ESTATE · MD

    Directly controlled by NA

  • SHORE ORTHOPEDICS INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • MADISON MANOR INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • AFFILIATED ENTERPRISES INC

    C Corporation · HEALTHCARE · MD

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DELAWARE INC

    C Corporation · HEALTHCARE · DE

    Directly controlled by NA

  • RIVERSIDE HEALTH OF DC INC

    C Corporation · HEALTHCARE · DC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349303153

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