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Nonprofiteer
← GRIFFIN HOSPITAL DEVELOPMENT FUND INC

Form 990 for tax year 2022

Filed by GRIFFIN HOSPITAL DEVELOPMENT FUND INC.

Totals

Total revenue
$1,497,343
Total expenses
$952,492
Contributions and grants received
$1,188,181
Grants paid
$68,116
Program services expenses (Part IX)
$826,293
Management and general expenses
$126,199
Fundraising expenses
$0
Program service expenses (Part III)
$826,293

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICK A CHARMEL

    SECRETARY/TREASURER

    Total calculated
    $4,449,600
    From this org
    $0
    From related orgs
    $4,409,084
    Other
    $40,516
    Hours/week
    0.15 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $597,585 related
    Bonus
    $0 + $591,435 related
    Other
    $0 + $3,220,064 related
    Deferred
    $0 + $8,439 related
    Nontaxable benefits
    $0 + $32,077 related
    Filer's total
    $0 + $4,449,600 related

  • MAUREEN COFFEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • NANCY DINARDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15 + 0.61 related

  • EDWARD J MCCREERY III ESQ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.15 + 0.38 related

  • WILLIAM MIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • FREDERICK STANEK ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15 + 0.38 related

  • JOHN W BETKOSKI III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15 + 0.61 related

  • JANET HALL

    EXECUTIVE DIRECTOR

    Total calculated
    $169,111
    From this org
    $0
    From related orgs
    $151,385
    Other
    $17,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $143,726 related
    Bonus
    $0 + $6,529 related
    Other
    $0 + $1,130 related
    Deferred
    $0 + $4,469 related
    Nontaxable benefits
    $0 + $13,257 related
    Filer's total
    $0 + $169,111 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

  • 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)

PART I, LINE 3
THE CEO/EXECUTIVE DIRECTOR OF GRIFFIN HOSPITAL DEVELOPMENT FUND IS PAID BY A RELATED ORGANIZATION, GRIFFIN HOSPITAL, WHICH USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
PATRICK CHARMEL RECEIVED A PAYMENT FROM GRIFFIN HOSPITAL IN THE AMOUNT OF $3,218,342 IN LIEU OF A GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE PLAN. THIS GRANDFATHER SPLIT-DOLLAR LIFE INSURANCE POLICY COMMENCED IN 2007 AND WAS DEVELOPED AS RESULT OF THE HOSPITAL'S DEFINED BENEFIT PENSION PLAN CAP OF EARNINGS AT THIS TIME. THE POLICY WAS CONSTRUCTED TO PROVIDE MR. CHARMEL WITH THE EQUIVALENT PENSION PLAN BENEFIT PAYMENTS AS COMPARED TO ALL OTHER DEFINED BENEFIT PLAN PARTICIPANTS.

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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202402289349300625

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