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Nonprofiteer
← ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$7,218,279
Total expenses
$1,954,788
Contributions and grants received
$5,715,254
Grants paid
$1,232,378
Program services expenses (Part IX)
$1,367,810
Management and general expenses
$399,517
Fundraising expenses
$187,461
Program service expenses (Part III)
$1,367,810

Program services were 70.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ERIC MALLICO MD

    TRUSTEE/GENERAL SURGEON

    Total calculated
    $1,332,358
    From this org
    $0
    From related orgs
    $1,281,411
    Other
    $50,947
    Hours/week
    0.2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $627,052 related
    Bonus
    $0 + $408,292 related
    Other
    $0 + $246,067 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $32,647 related
    Filer's total
    $0 + $1,332,358 related

  • MICHAEL ARON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • STEPHEN BULLOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • ALISHA BYRD-CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • LEIGHANNE DORTON MD

    TRUSTEE (UNTIL 2/28/2022)

    Total calculated
    $0
    Hours/week
    0.2

  • JOYCE GOODWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • WILLIAM GRAHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • CHARLOTTE HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • SAMANTHA HASPEL

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    0.2

  • STARLING JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • ALAN KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • APRILIA KUHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • CORY MENEES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • DWIGHT MESSINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JAMES MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • BRYAN OVERCASH

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • MARK ROBERTSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • WILLIAM STATON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • AERIK WILLIAMS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • AMY WILSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • KAY WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • FRED HARGETT

    EVP & CFO

    Total calculated
    $2,417,516
    From this org
    $0
    From related orgs
    $2,355,664
    Other
    $61,852
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,092,939 related
    Bonus
    $0 + $843,828 related
    Other
    $0 + $418,897 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $43,552 related
    Filer's total
    $0 + $2,417,516 related

  • DOROTHY CAULKINS

    SVP FOUNDATIONS

    Total calculated
    $732,185
    From this org
    $0
    From related orgs
    $626,052
    Other
    $106,133
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,321 related
    Bonus
    $0 + $229,149 related
    Other
    $0 + $46,582 related
    Deferred
    $0 + $75,116 related
    Nontaxable benefits
    $0 + $31,017 related
    Filer's total
    $0 + $732,185 related

  • BRIAN CANAVAN

    EXECUTIVE DIRECTOR

    Total calculated
    $194,350
    From this org
    $178,996
    From related orgs
    $0
    Other
    $15,354
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,251
    Bonus
    $10,139
    Other
    $606
    Deferred
    $6,262
    Nontaxable benefits
    $9,092
    Filer's total
    $194,350

  • KIMBERLY HENDERSON

    FMR SVP FOUNDATIONS

    Total calculated
    $1,044,836
    From this org
    $0
    From related orgs
    $911,387
    Other
    $133,449
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,499 related
    Bonus
    $0 + $281,252 related
    Other
    $0 + $136,636 related
    Deferred
    $0 + $105,150 related
    Nontaxable benefits
    $0 + $28,299 related
    Filer's total
    $0 + $1,044,836 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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
PART I, LINE 1A: FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS.
PART I, LINE 3
THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
PART I, LINE 4B
PART I, LINE 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED FRED HARGETT $11,892 KIMBERLY HENDERSON $91,918 ERIC MALLICO $7,636 EQUITY-BASED NONE
PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS:
THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS.

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 November 2023
IRS schema version
2022v5.0
Source object
202303189349306240

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