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← BAYLOR HEALTH CARE SYSTEM FOUNDATION

Form 990 for tax year 2022

Filed by BAYLOR HEALTH CARE SYSTEM FOUNDATION.

Totals

Total revenue
$57,283,718
Total expenses
$47,904,962
Contributions and grants received
$33,120,136
Grants paid
$38,232,788
Program services expenses (Part IX)
$40,931,152
Management and general expenses
$3,267,166
Fundraising expenses
$3,706,644
Program service expenses (Part III)
$40,931,152

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Peter McCanna

    Director/Chair

    Total calculated
    $5,087,328
    From this org
    $0
    From related orgs
    $4,056,335
    Other
    $1,030,993
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,653,103 related
    Bonus
    $0 + $2,377,785 related
    Other
    $0 + $25,447 related
    Deferred
    $0 + $1,001,483 related
    Nontaxable benefits
    $0 + $29,510 related
    Filer's total
    $0 + $5,087,328 related

  • Benjamin Renberg

    Director/President/CEO

    Total calculated
    $763,195
    From this org
    $667,251
    From related orgs
    $0
    Other
    $95,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $447,794
    Bonus
    $204,796
    Other
    $14,661
    Deferred
    $65,702
    Nontaxable benefits
    $30,242
    Filer's total
    $763,195

  • Grant Teegarden

    Director/Secretary

    Total calculated
    $482,601
    From this org
    $0
    From related orgs
    $411,146
    Other
    $71,455
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,748 related
    Bonus
    $0 + $114,027 related
    Other
    $0 + $5,371 related
    Deferred
    $0 + $43,128 related
    Nontaxable benefits
    $0 + $28,327 related
    Filer's total
    $0 + $482,601 related

  • Norman P Bagwell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margo Goodwin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Martin

    VP CFO

    Total calculated
    $445,899
    From this org
    $373,384
    From related orgs
    $0
    Other
    $72,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,080
    Bonus
    $89,366
    Other
    $24,938
    Deferred
    $45,094
    Nontaxable benefits
    $27,421
    Filer's total
    $445,899

  • Cynthia Krause

    VP Foundation Philanthropy

    Total calculated
    $254,700
    From this org
    $222,927
    From related orgs
    $0
    Other
    $31,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,177
    Bonus
    $45,180
    Other
    $1,570
    Deferred
    $9,446
    Nontaxable benefits
    $22,327
    Filer's total
    $254,700

  • Christina Goodman

    VP Foundation Development

    Total calculated
    $246,843
    From this org
    $213,256
    From related orgs
    $0
    Other
    $33,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,181
    Bonus
    $55,946
    Other
    $129
    Deferred
    $8,440
    Nontaxable benefits
    $25,147
    Filer's total
    $246,843

  • Craig Foster

    Foundation Director

    Total calculated
    $200,870
    From this org
    $165,507
    From related orgs
    $0
    Other
    $35,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,845
    Bonus
    $36,549
    Other
    $113
    Deferred
    $7,177
    Nontaxable benefits
    $28,186
    Filer's total
    $200,870

  • Amy Monday

    Foundation Director

    Total calculated
    $198,354
    From this org
    $169,860
    From related orgs
    $0
    Other
    $28,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,167
    Bonus
    $27,894
    Other
    $799
    Deferred
    $7,530
    Nontaxable benefits
    $20,964
    Filer's total
    $198,354

  • Lynn Bohne

    Foundation Director

    Total calculated
    $186,236
    From this org
    $169,845
    From related orgs
    $0
    Other
    $16,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,980
    Bonus
    $37,233
    Other
    $632
    Deferred
    $6,798
    Nontaxable benefits
    $9,593
    Filer's total
    $186,236

  • Jennifer Brown

    Former Officer

    Total calculated
    $1,293,582
    From this org
    $0
    From related orgs
    $1,186,732
    Other
    $106,850
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $45,341 related
    Bonus
    $0 + $2,379 related
    Other
    $0 + $1,139,012 related
    Deferred
    $0 + $105,270 related
    Nontaxable benefits
    $0 + $1,580 related
    Filer's total
    $0 + $1,293,582 related

  • Kristi Sherrill

    Former Officer

    Total calculated
    $1,232,443
    From this org
    $0
    From related orgs
    $995,346
    Other
    $237,097
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,038 related
    Bonus
    $0 + $501,725 related
    Other
    $0 + $39,583 related
    Deferred
    $0 + $231,995 related
    Nontaxable benefits
    $0 + $5,102 related
    Filer's total
    $0 + $1,232,443 related

  • James Hinton

    Former Officer

    Total calculated
    $5,704,628
    From this org
    $0
    From related orgs
    $5,342,987
    Other
    $361,641
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $56,500 related
    Bonus
    $0 + $3,499,809 related
    Other
    $0 + $1,786,678 related
    Deferred
    $0 + $360,174 related
    Nontaxable benefits
    $0 + $1,467 related
    Filer's total
    $0 + $5,704,628 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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Tax indemnification and gross up payments - The organization provides tax indemnification where the BSW Holdings' CEO, COO or CFO determines there is justification to reimburse an individual for the tax impact on certain taxable, non-cash benefits provided to them. All tax indemnification payments provided are treated as taxable compensation. Two of the persons listed in the Form 990, Part VII, Section A, received this benefit from the organization during the tax year. Discretionary spending account-The organization provides eligible employees certain monthly expense allowances in lieu of reimbursement for actual expenses under the organization's business travel and expense reimbursement policy. This may include providing an auto expense allowance for business mileage for those who travel frequently in their personal vehicle or a cell phone allowance for individuals who are required to use their mobile phone for business purposes. All expense allowances are treated as taxable compensation. One person listed in the Form 990, Part VII, Section A, received this benefit during the tax year. Health or social club dues or initiation fees-The organization may reimburse eligible employees for dues for a health club and/or a social club where there is a bona fide business need for the membership. For example, as part of the organization's promotion of health, the organization will cover a portion of any employees' fitness center club membership dues paid to an affiliated entity that owns and operates a fitness center. All employees are eligible for this benefit. Such reimbursements are treated as taxable compensation to the extent any part of the membership is used for personal use. Three of the persons listed in the Form 990, Part VII, Section A, received this benefit during the tax year.
Part I, Line 3
Process for determining compensation: The organization, a controlled affiliate of Baylor Scott & White Holdings, recognizes that those chosen to lead the organization are vital to its ongoing success and growth. Thus, it must attract, retain and engage the highest quality officers and key employees to lead the organization and help the organization maintain its national reputation for achieving high targets for medical quality, patient safety, and patient satisfaction. A significant portion of the organization's officers and key employees' total compensation is based on significant performance achievements. This strategy places a greater emphasis on the importance of the organization achieving targeted improvements in the areas of people, quality, patient satisfaction and financial stewardship, annually. Total executive compensation is part of an integrated talent management strategy developed by the Baylor Scott & White Holdings Board of Trustees and its Compensation Committee to attract, motivate, and retain the best leadership resources for the organization. Executive compensation is determined pursuant to guidelines outlined in the intermediate sanction rules under IRC Section 4958 including taking steps to meet the rebuttable presumption standard of reasonableness under Treasury Regulation 53.4958-6, as summarized below. When making compensation decisions, the organization compares itself to similarly-sized, and structured businesses including other integrated health care service systems and other similarly-sized organizations, both locally and nationally. Each year the Baylor Scott & White Holdings Board of Trustees and the Compensation Committee, on behalf of the organization through reserved powers explicitly held by Baylor Scott & White Holdings, works directly with an independent compensation consultant(s) to identify reasonable and competitive market rates as well as provide an annual review of the total compensation of the organization's top management officials and other officers and key employees to ensure total compensation is within a fair market range. The annual review included reviewing certain officers and key employees listed on the Form 990 during the current tax year. The Compensation Committee is made up of members of the Baylor Scott & White Holdings Board of Trustees, who are independent, community volunteers. Guided by the information provided by the independent compensation consultant(s), the Compensation Committee approves the annual process and methodology for setting fair market salary ranges, earned incentives, and/or benefit offerings for the organization's President, other officers and/or key employees to be comparable to similar organizations for similar services and/or positions. Furthermore, the Compensation Committee is charged with the responsibility of reviewing annually the major elements of the executive compensation program to assure designs remain consistent with the business needs, market practices, and compensation philosophy. As part of the decision-making process, the Compensation Committee will often meet in executive session to discuss and review recommendations made by the independent compensation consultant(s). No officer or key employee whose compensation is being reviewed is present during these discussions. All decisions are properly documented in the minutes of the meetings.
Part I, Lines 4a-b
Severance or Change of Control Payments: Jennifer Brown received a severance payment from a related organization in the amount of $1,125,274. James Hinton received a severance payment from a related organization in the amount of $1,752,200. Supplemental Nonqualified Retirement Plan: In order to recruit and retain key talent, BSW Holdings and certain tax exempt affiliates (BSWH) offers a supplemental non-qualified retirement plan to eligible employees. The plan provides an annual benefit (based on a percentage of compensation) to the employee that is paid to the employee on a future date upon vesting in the plan. The following individual(s) participated in and/or received payments (noted in parenthesis) from BSWH's supplemental non-qualified retirement plan during the tax year: Amy Martin, Benjamin Renberg, Grant Teegarden, Jennifer Brown, Kristi Sherrill and Peter McCanna.
Part I, Line 7
The organization has adopted and implemented BSW Holdings', the organization's ultimate parent, Annual Incentive Program to provide a market competitive total cash compensation incentive program that is designed to attract and retain key leaders and establish greater individual accountability and alignment to business performance. Payout targets are based upon a percentage of base pay and are developed by independent third party expert(s) using comparable market competitive data within the bounds of reasonableness and that are reviewed and approved by BSW Holdings' governing body. Payout levels are based upon a combination of system, entity, and individual performance using various metrics related to quality, patient satisfaction, employee retention, and financial stewardship. BSW Holdings' governing body may approve modifications to annual incentive awards provided under the program consistent with market comparability data.
Form 990, Schedule J, Part III:
Supplemental Information: Governing Body Compensation The members of the governing body serve on a voluntary basis and receive no cash compensation from the organization for these duties as a member of the governing body. Some, but not all, members may have received modest benefits incident to their service on the board and/or multiple board committees or received compensation as an employee of a related organization. All such benefits are treated as taxable compensation to the extent required by law and are reported in the Form 990 where applicable.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441349349301989

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