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Nonprofiteer
← FRANCISCAN PROPERTIES INC

Form 990 for tax year 2022

Filed by FRANCISCAN PROPERTIES INC.

Totals

Total revenue
$7,790,090
Total expenses
$7,790,090
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$7,724,819
Management and general expenses
$65,271
Fundraising expenses
$0
Program service expenses (Part III)
$7,724,819

Program services were 99.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GLENN WATERS

    TRUSTEE/EVP, COO BAYCARE (until Oct 2022)

    Total calculated
    $4,116,960
    From this org
    $0
    From related orgs
    $3,983,800
    Other
    $133,160
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $814,968 related
    Bonus
    $0 + $430,922 related
    Other
    $0 + $2,737,911 related
    Deferred
    $0 + $85,787 related
    Nontaxable benefits
    $0 + $47,373 related
    Filer's total
    $0 + $4,116,961 related

  • JAMES COTE

    TRUSTEE/VP/SECRETARY/CHIEF AMBULATORY SERVICES OFFICER (until July 2022)

    Total calculated
    $539,472
    From this org
    $0
    From related orgs
    $476,997
    Other
    $62,475
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,202 related
    Bonus
    $0 + $144,934 related
    Other
    $0 + $113,861 related
    Deferred
    $0 + $44,278 related
    Nontaxable benefits
    $0 + $18,197 related
    Filer's total
    $0 + $539,472 related

  • JANICE POLO

    TRUSTEE/TREASURER/EVP, CFO BAYCARE

    Total calculated
    $1,656,269
    From this org
    $0
    From related orgs
    $1,578,334
    Other
    $77,935
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $926,464 related
    Bonus
    $0 + $347,705 related
    Other
    $0 + $304,165 related
    Deferred
    $0 + $21,925 related
    Nontaxable benefits
    $0 + $56,010 related
    Filer's total
    $0 + $1,656,268 related

  • KIMBERLY GUY

    TRUSTEE/CHIEF OPERATING OFFICER (eff Nov 2022)

    Total calculated
    $962,139
    From this org
    $0
    From related orgs
    $864,100
    Other
    $98,039
    Hours/week
    6 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,161 related
    Bonus
    $0 + $202,646 related
    Other
    $0 + $130,292 related
    Deferred
    $0 + $52,573 related
    Nontaxable benefits
    $0 + $45,466 related
    Filer's total
    $0 + $962,139 related

  • CARL TREMONTI

    TRUSTEE/VP, CFO BMG, AMB

    Total calculated
    $741,435
    From this org
    $0
    From related orgs
    $668,077
    Other
    $73,358
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,704 related
    Bonus
    $0 + $114,286 related
    Other
    $0 + $124,088 related
    Deferred
    $0 + $49,184 related
    Nontaxable benefits
    $0 + $24,174 related
    Filer's total
    $0 + $741,435 related

  • EDWARD RAFALSKI

    Trustee/ BCHS CHIEF STRATEGY & MARKETING OFFICER

    Total calculated
    $798,605
    From this org
    $0
    From related orgs
    $688,969
    Other
    $109,636
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,694 related
    Bonus
    $0 + $139,735 related
    Other
    $0 + $93,540 related
    Deferred
    $0 + $59,359 related
    Nontaxable benefits
    $0 + $50,277 related
    Filer's total
    $0 + $798,605 related

  • JENNIFER TOUSE

    TRUSTEE/CHIEF LEGAL OFFICER

    Total calculated
    $612,342
    From this org
    $0
    From related orgs
    $578,338
    Other
    $34,004
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,225 related
    Bonus
    $0 + $50,718 related
    Other
    $0 + $21,395 related
    Deferred
    $0 + $15,630 related
    Nontaxable benefits
    $0 + $18,374 related
    Filer's total
    $0 + $612,342 related

  • RONALD BEAMON

    VP, CFO BAYCARE HOSP DIV

    Total calculated
    $642,442
    From this org
    $0
    From related orgs
    $531,185
    Other
    $111,257
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,958 related
    Bonus
    $0 + $102,476 related
    Other
    $0 + $24,752 related
    Deferred
    $0 + $62,726 related
    Nontaxable benefits
    $0 + $48,531 related
    Filer's total
    $0 + $642,443 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The filing organization does not use any of the options listed in Schedule J, Part I, Line 3 to establish the compensation of the CEO/Executive Director. However, the related organization, BayCare Health System Inc, uses Compensation committee, Independent compensation consultant, Written employment contract, Compensation survey or study and Approval by the board or compensation committee as a means to establish compensation of the CEO (or COO) of the filing organization.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Glenn Waters received a severance payment in the amount of $2,399,968 during 2022.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
BayCare Health System provides two nonqualified deferred compensation plans to executive level employees: Executive Nonqualified Defined Contribution Plan The plan provides for annual credits of a specified percentage of an eligible participant's eligible compensation paid in a plan year and interest credits. Plan participants vest in increasing percentages based on years of service. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Payments made during employment are made for required tax withholding and reduce the participant's account balance. Distribution of the vested account balance occurs upon termination of employment. The plan is frozen for the participants hired after 1.1.2018. Supplemental Executive Retirement Plan The plan provides for annual credits to the participant's company contribution account of a specified percentage of an eligible participant's eligible compensation paid in a plan year and investment income credits. Plan participants vest on January 1 of the fifth Plan Year following the Plan Year for which the contribution was made. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Distribution of the vested amounts shall be made no later than the earlier of 90 days following the date the amounts become vested or the March 15th following the Plan Year in which the participant became vested. Amounts accrued, vested and distributed for plan participants are provided below. Glenn Waters - Participated in a supplemental nonqualified deferred compensation plan. He had $195,493 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other Compensation. The plan made cash distribution of $76,927 in 2022. Janice Polo - Participated in a supplemental nonqualified deferred compensation plan. She had $263,296 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $103,607 in 2022. Carl Tremonti - Participated in a supplemental nonqualified deferred compensation plan. He had $74,365 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $29,263 in 2022. Ronald Beamon - Participated in a supplemental nonqualified deferred compensation plan. He had $47,476 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. James Cote - Participated in a supplemental nonqualified deferred compensation plan. He had $59,449 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. He had $42,609 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $23,393 in 2022. Kimberly Guy - Participated in a supplemental nonqualified deferred compensation plan. She had $98,047 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $38,581 in 2022. Edward Rafalski - Participated in a supplemental nonqualified deferred compensation plan. He had $59,501 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. He had $40,420 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $23,414 in 2022.

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

No itemized grants to organizations 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
10 November 2023
IRS schema version
2022v5.0
Source object
202303149349303700

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