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Nonprofiteer
← THE PHYSICIANS FOUNDATION INC

Form 990 for tax year 2024

Filed by THE PHYSICIANS FOUNDATION INC.

Totals

Total revenue
$5,269,787
Total expenses
$6,368,394
Contributions and grants received
$0
Grants paid
$1,645,000
Program service revenue
$0
Investment income
$5,268,157
Other revenue
$1,630
Total assets, end of year
$128,001,743
Total liabilities, end of year
$2,095,166
Net assets or fund balances, end of year
$125,906,577
Program services expenses (Part IX)
$5,173,532
Management and general expenses
$1,194,862
Fundraising expenses
$0
Program service expenses (Part III)
$5,173,532

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GARY PRICE MD

    CHAIRMAN

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • SUBHI ALI MD

    TREASURER

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • RUSSELL LIBBY MD

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RIP HOLLISTER MD

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • RALPH NOBO MD

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SUSAN BANKSTON

    MEMBER

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PAUL HARRINGTON

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • PALMER JONES

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOSEPH VALENTI MD

    VICE PRESIDENT

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JENNIFER HANSCOM

    VICE PRESIDENT

    Total calculated
    $393,865
    From this org
    $14,500
    From related orgs
    $356,128
    Other
    $23,237
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $14,500 + $336,166 related
    Bonus
    $0 + $12,962 related
    Other
    $0 + $7,000 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $13,337 related
    Filer's total
    $14,500 + $379,365 related

  • DUSTIN CORCORAN

    MEMBER

    Total calculated
    $1,620,353
    From this org
    $10,500
    From related orgs
    $1,484,137
    Other
    $125,716
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,500 + $897,159 related
    Bonus
    $0 + $558,800 related
    Other
    $0 + $28,178 related
    Deferred
    $0 + $61,866 related
    Nontaxable benefits
    $0 + $63,850 related
    Filer's total
    $10,500 + $1,609,853 related

  • DON ALEXANDER

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • ALEX MALTER MD

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • LARRY DOWNS

    SECRETARY

    Total calculated
    $234,542
    From this org
    $15,500
    From related orgs
    $219,042
    Other
    $0
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $15,500 + $210,196 related
    Bonus
    $0
    Other
    $0 + $8,846 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $15,500 + $219,042 related

  • LAWRENCE BRAUD MD

    VICE PRESIDENT

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MARCH SEABROOK

    VICE PRESIDENT

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 5 related

  • HURSHELL BAGGETT

    MEMBER

    Total calculated
    $407,326
    From this org
    $10,500
    From related orgs
    $346,171
    Other
    $50,655
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,500 + $315,000 related
    Bonus
    $0 + $31,000 related
    Other
    $0 + $171 related
    Deferred
    $0 + $13,846 related
    Nontaxable benefits
    $0 + $36,809 related
    Filer's total
    $10,500 + $396,826 related

  • JERRY VAN METER

    MEMBER

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOY MAXEY

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL DARROUZET

    MEMBER

    Total calculated
    $722,054
    From this org
    $3,750
    From related orgs
    $670,760
    Other
    $47,544
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $3,750 + $601,333 related
    Bonus
    $0 + $50,661 related
    Other
    $0 + $18,766 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $13,044 related
    Filer's total
    $3,750 + $718,304 related

  • AMY REYNOLDSON

    MEMBER

    Total calculated
    $234,900
    From this org
    $13,500
    From related orgs
    $197,810
    Other
    $23,590
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $13,500 + $154,560 related
    Bonus
    $0 + $12,000 related
    Other
    $0 + $31,250 related
    Deferred
    $0 + $16,296 related
    Nontaxable benefits
    $0 + $7,294 related
    Filer's total
    $13,500 + $221,400 related

  • ARTHUR FOUGNER MD

    MEMBER

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JOHN DORMAN

    COO

    Total calculated
    $675,508
    From this org
    $123,320
    From related orgs
    $471,276
    Other
    $80,912
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $123,320 + $431,600 related
    Bonus
    $0
    Other
    $0 + $39,676 related
    Deferred
    $0 + $67,868 related
    Nontaxable benefits
    $0 + $13,044 related
    Filer's total
    $123,320 + $552,188 related

  • ROBERT SELIGSON

    CEO

    Total calculated
    $350,330
    From this org
    $350,330
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,330
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $350,330

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

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

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
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202521329349307137

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

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