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Nonprofiteer
← MULTICARE FOUNDATIONS

Form 990 for tax year 2023

Filed by MULTICARE FOUNDATIONS.

Totals

Total revenue
$16,201,415
Total expenses
$7,719,247
Contributions and grants received
$9,483,580
Grants paid
$4,824,961
Program services expenses (Part IX)
$4,824,961
Management and general expenses
$349,552
Fundraising expenses
$2,544,734
Program service expenses (Part III)
$4,824,961

Program services were 62.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KRISTI ARNOLD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CORY BARBIERI

    MEMBER, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BEST

    VICE CHAIR,PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • BOBBE BRIDGE

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KELLY FUKAI

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DAVID JOHNSON

    MEMBER, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • TONY LINDGREN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LILIANA ANGELICA LUPU

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSHUA NEELY

    MEMBER, PART YEAR

    Total calculated
    $0
    Hours/week
    2

  • ROGER SMITH

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JACOB CLOSSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUSAN MAYER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM ROBERTSON

    CEO

    Total calculated
    $3,023,053
    From this org
    $0
    From related orgs
    $2,317,053
    Other
    $706,000
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,999,350 related
    Bonus
    $0
    Other
    $0 + $317,703 related
    Deferred
    $0 + $683,773 related
    Nontaxable benefits
    $0 + $22,227 related
    Filer's total
    $0 + $3,023,053 related

  • JAMES LEE

    CFO

    Total calculated
    $1,049,378
    From this org
    $0
    From related orgs
    $1,006,827
    Other
    $42,551
    Hours/week
    4 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $998,830 related
    Bonus
    $0
    Other
    $0 + $7,997 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $29,351 related
    Filer's total
    $0 + $1,049,378 related

  • DORENE YOUNG

    VP FOUNDATIONS

    Total calculated
    $460,261
    From this org
    $0
    From related orgs
    $422,846
    Other
    $37,415
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $382,716 related
    Bonus
    $0
    Other
    $0 + $40,130 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,615 related
    Filer's total
    $0 + $460,261 related

  • ELLIOT STOCKSTAD

    EXEC.DIR. MHF

    Total calculated
    $236,153
    From this org
    $200,673
    From related orgs
    $0
    Other
    $35,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,489
    Bonus
    $20,000
    Other
    $1,184
    Deferred
    $8,178
    Nontaxable benefits
    $27,302
    Filer's total
    $236,153

  • MONICA RICARTE POWERS

    EXEC.DIR. GOOD SAM FDN

    Total calculated
    $217,106
    From this org
    $193,673
    From related orgs
    $0
    Other
    $23,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,288
    Bonus
    $0
    Other
    $1,385
    Deferred
    $11,598
    Nontaxable benefits
    $11,835
    Filer's total
    $217,106

  • CECELIA LOVELESS

    EXEC.DIR. CAPITAL/SOUTHERN WA

    Total calculated
    $204,011
    From this org
    $0
    From related orgs
    $186,868
    Other
    $17,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $185,550 related
    Bonus
    $0
    Other
    $0 + $1,318 related
    Deferred
    $0 + $4,928 related
    Nontaxable benefits
    $0 + $12,215 related
    Filer's total
    $0 + $204,011 related

  • CRAIG DAVISON

    EXEC.DIR. MARKETING

    Total calculated
    $197,800
    From this org
    $181,103
    From related orgs
    $0
    Other
    $16,697
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $179,806
    Bonus
    $0
    Other
    $1,297
    Deferred
    $6,738
    Nontaxable benefits
    $9,959
    Filer's total
    $197,800

  • CAROLYN KADYK

    EXEC.DIR. INLAND FDN

    Total calculated
    $198,891
    From this org
    $161,550
    From related orgs
    $0
    Other
    $37,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,085
    Bonus
    $0
    Other
    $1,465
    Deferred
    $9,925
    Nontaxable benefits
    $27,416
    Filer's total
    $198,891

  • JAMES MCMANUS

    FORMER CFO

    Total calculated
    $711,838
    From this org
    $0
    From related orgs
    $711,838
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $711,838 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $711,838 related

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 — 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINES 4A-B
LINE 4A - IN 2023 THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: JAMES MCMANUS- $711,838. LINE 4B - DORENE YOUNG, VP OF FOUNDATIONS OF MULTICARE, IS PARTICIPATING IN A 457(F) PLAN BUT NO AMOUNTS WERE PAID OUT IN 2023. IRC SECTION 457(F) PLANS ALLOW PARTICIPANTS TO CHOOSE FROM A NUMBER OF DIFFERENT TYPES OF BENEFITS WITH A DEFAULT SELECTION INTO A 457(F) PLAN. THE PLAN COVERS EMPLOYEES WHO ARE PRIMARILY A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THIS TYPE OF ARRANGEMENT CONTAINS A RISK OF FORFEITURE AND SOME OF THE ACCOUNTS USE A NON-COMPETE CLAUSE. THE EXECUTIVE GROUP ACCOUNTS CONTAIN A ROLLING 5-YEAR CLIFF 50% VESTING SCHEDULE AND ONCE THAT IS BEING MET THE PARTICIPANT RECEIVES 50% OF THE ACCOUNT, WITH A 100% VESTING UPON AGE 62 OR 5 YEARS OF PRIOR EMPLOYMENT. FOR THE HIGHLY COMPENSATED GROUP (PLAN'S LEGACY PHYSICIAN PARTICIPANT GROUP) DISTRIBUTION OF BALANCES PAID REPRESENTED VESTED AMOUNT DURING THE YEAR. THE PAYMENTS WERE TAXED AND INCLUDED IN COLUMN B, (III). SCHEDULE J SUPPLEMENTAL INFORMATION PART II, COLUMN III: DEFERRED COMPENSATION AMOUNTS, SERP VESTED TAXABLE DISTRIBUTION, WAS PAID OUT TO WILLIAM ROBERTSON, CEO, IN THE AMOUNT OF $307,084. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN HAS A VESTING SCHEDULE; THE VESTED BENEFIT WAS PAID OUT AS ORDINARY INCOME (REPORTED ON W-2) AS OF THE PARTICIPANT'S VESTING DATE MILESTONE. THE PAYMENT WAS TAXED AND INCLUDED IN COLUMN B,(III). PART II, COLUMN C: MULTICARE HEALTH SYSTEM DEFERRED $663,973 INTO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN (SERP) FOR WILLIAM G. ROBERTSON, CEO, WHICH IS REFLECTED IN COLUMN C.
SCHEDULE J, PART I, LINE 3:
MULTICARE FOUNDATIONS RELIED ON A RELATED ORGANIZATION, MULTICARE HEALTH SYSTEM, TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO. SEE SCHEDULE O, PART VI, LINE 15 NARRATIVE FOR PROCESS USED BY MULTICARE HEALTH SYSTEM.
SCHEDULE J, PART I & II, SUPPLEMENTAL:
THE REPORTABLE COMPENSATION FOR THE OFFICERS OF THE CORPORATION AND KEY EMPLOYEES IS BASED ON THE TOTAL AMOUNT PAID DURING THE YEAR FOR MANAGEMENT AND LEADERSHIP OF MULTICARE HEALTH SYSTEM AND ITS SUBSIDIARIES. THE AMOUNTS UNDER OTHER COMPENSATION, REPORTED ON SCHEDULE J, COLUMN C, INCLUDE DEFERRED COMPENSATION, AND THE VALUE OF MEDICAL, DENTAL, LIFE, DISABILITY INSURANCE, AND PENSION BENEFITS. COMPENSATION ON THIS TAX RETURN INCLUDES AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE AND MAY NOT BE PAID OUT IN THE FUTURE. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT MULTICARE HEALTH SYSTEM (I) COMPLIES WITH THE IRS FORM 990 INSTRUCTIONS; (II) IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT, DO NOT HAVE A CONFLICT OF INTEREST, AND ARE NON-PAID; AND (III) IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY INDEPENDENT EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILAR HIGH PERFORMING HEALTHCARE INSTITUTIONS, PRIMARILY INTEGRATED HEALTHCARE ORGANIZATIONS. COMPENSATION PAID IS DETERMINED TO BE REASONABLE AND NECESSARY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND THE INDEPENDENT EXTERNAL CONSULTANT. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND BASED ON ACHIEVEMENT OF GOALS SET BY THE BOARD OF DIRECTORS AT THE START OF EACH YEAR IN AREAS SUCH AS PATIENT SAFETY, QUALITY, WORKFORCE DEVELOPMENT, FINANCE AND OTHER MISSION-RELATED AREAS. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE TO DRIVE SUPERIOR ORGANIZATIONAL PERFORMANCE IN ORDER TO ACHIEVE TOP TIER INTEGRATED CARE DELIVERY SYSTEM STATUS. THE COMPENSATION COMMITTEE ROUTINELY REVIEWS BENEFITS AND RETIREMENT PROGRAMS TO ENSURE THE PLANS ARE MARKET-BASED AND OTHERWISE CONSISTENT WITH IRS GUIDELINES. THE OFFICERS OF MULTICARE HEALTH SYSTEM, 91-1352172, ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR ITS RELATED ENTITIES. COMPENSATION DISCLOSED IS REPORTED TO THE RELATED ENTITIES TAX RETURNS IN ACCORDANCE WITH IRS REGULATIONS, BUT IS NOT CHARGED TO THE SUBSIDIARY OR AFFILIATE. AN OFFICER LISTED DEVOTES AN AVERAGE OF 60 HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 October 2024
IRS schema version
2023v5.1
Source object
202432869349300423

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