Skip to content
Nonprofiteer
← RICHMOND MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by RICHMOND MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$4,101,766
Total expenses
$2,596,564
Contributions and grants received
$4,089,194
Grants paid
$1,835,598
Program service revenue
$0
Investment income
$9,772
Other revenue
$2,800
Total assets, end of year
$9,111,817
Total liabilities, end of year
$773,393
Net assets or fund balances, end of year
$8,338,424
Program services expenses (Part IX)
$1,835,598
Management and general expenses
$0
Fundraising expenses
$760,966
Program service expenses (Part III)
$1,835,598

Program services were 70.7% 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

    $473,841

  • 1f · All other contributions, gifts and grants

    $3,615,353

  • 1g · Noncash contributions included above

    $823,293

  • 3 · Investment income

    total $9,772 · excluded $9,772

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $281,981

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

    $473,841

  • 8b · Fundraising events: direct expenses

    $281,981

  • 9a · Gaming: gross income

    $5,600

  • 9b · Gaming: direct expenses

    $2,800

  • 9c · Net income from gaming

    total $2,800 · excluded $2,800

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,835,598 · program services $1,835,598

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $16,800 · fundraising $16,800

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $12,451 · fundraising $12,451

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,133 · fundraising $2,133

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $845 · fundraising $845

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ALLOCATION OF PERSONNEL COST

    total $551,517 · fundraising $551,517

  • 24b · Other expenses: FUNDRAISING

    total $127,707 · fundraising $127,707

  • 24c · Other expenses: OTHER EXPENSES

    total $49,513 · fundraising $49,513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,389,935 · end of year $4,877,351

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $4,372,684 · end of year $4,181,760

  • 4 · Accounts receivable

    beginning of year $20,080 · end of year $52,680

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $26

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $18,700

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $3,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $379,615 · end of year $751,693

  • 27 · Net assets without donor restrictions

    beginning of year -$524,272 · end of year -$759,190

  • 28 · Net assets with donor restrictions

    beginning of year $7,927,356 · end of year $9,097,614

Mission and programs · 2023

Mission

TO ADVOCATE AND FINANCIALLY SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RICHMOND MEDICAL CENTER D/B/A RICHMOND UNIVERSITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Activities or mission (Part I)

TO ADVOCATE AND FINANCIALLY SUPPORT RICHMOND MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

  • EXPENSES INCURRED IN ADVOCATING AND FINANCIALLY SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RICHMOND MEDICAL CENTER D/B/A RICHMOND UNIVERSITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

    Expenses $1,835,598 · Grants $1,835,598

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel J Messina PhD Mpa

    DIRECTOR - pres/ceo

    Total calculated
    $1,745,395
    From this org
    $0
    From related orgs
    $1,509,638
    Other
    $235,757
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $980,374 related
    Bonus
    $0 + $349,028 related
    Other
    $0 + $180,236 related
    Deferred
    $0 + $198,812 related
    Nontaxable benefits
    $0 + $36,945 related
    Filer's total
    $0 + $1,745,395 related

  • David Murray MBA Fhfma

    Director - SVP, CFO

    Total calculated
    $841,120
    From this org
    $0
    From related orgs
    $689,994
    Other
    $151,126
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $530,663 related
    Bonus
    $0 + $158,089 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $104,419 related
    Nontaxable benefits
    $0 + $46,707 related
    Filer's total
    $0 + $841,120 related

  • Phillip Otterbeck MD

    DIRECTOR

    Total calculated
    $598,686
    From this org
    $0
    From related orgs
    $556,325
    Other
    $42,361
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $271,088 related
    Bonus
    $0 + $284,937 related
    Other
    $0 + $300 related
    Deferred
    $0 + $24,750 related
    Nontaxable benefits
    $0 + $17,611 related
    Filer's total
    $0 + $598,686 related

  • Joseph G Burt

    VP DEVELOPMENT

    Total calculated
    $318,985
    From this org
    $0
    From related orgs
    $272,278
    Other
    $46,707
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $254,486 related
    Bonus
    $0 + $15,812 related
    Other
    $0 + $1,980 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $46,707 related
    Filer's total
    $0 + $318,985 related

  • Robert Urs

    CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Joseph Torres

    VICE CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Marcello Sclarrino

    SECRETARY - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jay Chazanoff

    TREASURER - DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Allison Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Corash Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Cutrona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William D'Angelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dom Famulari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lina Fang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Ferrara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Ferri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Lefkowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Orit Lender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Libecci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Malfi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Mannix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michal Menicucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Montalbano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Oswald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pankaj R Patel MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Perfetto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dianne Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard S Sansaricq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John C Santora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Theurer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Zenna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDEs A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS This amount was NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN Was INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL J. MESSINA, PH.D., MPA, FACHE, $157,778. THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDE UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THE UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DANIEL J. MESSINA, PH.D., MPA, FACHE, $162,512 and DAVID MURRAY, MBA, FHFMA, $23,119. THE DEFERRED COMPENSATION AMOUNT IN COLUMN (C) FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN WHICH is SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN Was NOT INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DAVID MURRAY, MBA, FHFMA, $15,000. THE DEFERRED COMPENSATION AMOUNT IN COLUMN (C) FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN WHICH is SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE FROM 2022. ACCORDINGLY, the individual MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN Was NOT INCLUDED IN THE INDIVIDUAL'S 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DAVID MURRAY, MBA, FHFMA, $15,000. THE DEFERRED COMPENSATION AMOUNT IN COLUMN (C) FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE FROM 2021. ACCORDINGLY, THE INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN THE INDIVIDUAL'S 2021 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: DAVID MURRAY, MBA, FHFMA, $15,000. THE ORGANIZATION DID NOT AMEND THE 2022 AND 2021 FORMS 990 TO REFLECT THE REPORTING OF THE UNVESTED BENEFITS IN A LONG-TERM INCENTIVE PLAN WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. RATHER THE TAXPAYER HAS ELECTED TO INCLUDE THESE ACCRUED UNVESTED 2022 AND 2021 AMOUNTS IN THIS FORM 990, SCHEDULE J, PART II; COLUMN C TOGETHER WITH THE 2023 ACCRUED UNVESTED BENEFIT AMOUNT AS WELL.
SCHEDULE J, PART I; QUESTION 7
certain individuals INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN each individual's 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION by person by amount.
SCHEDULE J, PART II; COLUMN F
THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDE AMOUNTS REPORTED ON PRIOR YEARS' FORMS 990 IN SCHEDULE J, PART II, IN COLUMN (C) AS NON-TAXABLE UNVESTED DEFERRED COMPENSATION THAT IS NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. ACCORDINGLY, IN PRIOR YEARS THE INDIVIDUAL NEVER ACTUALLY RECEIVED ANY OF THESE UNVESTED BENEFIT AMOUNTS.

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 corporations and trusts

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

  • BRIDGE REGIONAL HEALTH SYSTEM

    C CORP. · HOLDING CO. · NY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202433199349316353

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.