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Nonprofiteer
← SHADY GROVE ADVENTIST HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by SHADY GROVE ADVENTIST HOSPITAL FOUNDATION INC.

Totals

Total revenue
$3,771,811
Total expenses
$2,367,791
Contributions and grants received
$3,686,185
Grants paid
$2,364,879
Program service revenue
$0
Investment income
$85,626
Other revenue
$0
Total assets, end of year
$10,986,746
Total liabilities, end of year
$55,966
Net assets or fund balances, end of year
$10,930,780
Program services expenses (Part IX)
$2,364,879
Management and general expenses
$0
Fundraising expenses
$2,912
Program service expenses (Part III)
$2,364,879

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,686,185

  • 3 · Investment income

    total $85,626 · excluded $85,626

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,364,879 · program services $2,364,879

  • 11g · Fees: other

    total $2,796 · fundraising $2,796

  • 13 · Office expenses

    total $116 · fundraising $116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,728,040 · end of year $7,280,011

  • 2 · Savings and temporary cash investments

    beginning of year $333,961

  • 3 · Pledges and grants receivable

    beginning of year $998,937 · end of year $1,785,474

  • 11 · Investments: publicly traded securities

    beginning of year $848,000 · end of year $890,468

  • 15 · Other assets

    beginning of year $1,124,198 · end of year $1,030,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,911 · end of year $12,911

  • 25 · Other liabilities

    beginning of year $43,055 · end of year $43,055

  • 27 · Net assets without donor restrictions

    beginning of year $3,576,813 · end of year $3,370,530

  • 28 · Net assets with donor restrictions

    beginning of year $6,400,357 · end of year $7,560,250

Mission and programs · 2023

Mission

WE EXTEND GOD'S CARE THROUGH THE MINISTRY OF PHYSICAL, MENTAL AND SPIRITUAL HEALING.

Activities or mission (Part I)

THE FOUNDATION WAS ORGANIZED TO PROVIDE FUND DEVELOPMENT....CONTINUES ON SCHEDULE O.THE FOUNDATION WAS ORGANIZED TO PROVIDE FUND DEVELOPMENT AND OTHER ASSISTANCE TO SHADY GROVE MEDICAL CENTER FOR THE MEDICAL AND HEALTHCARE NEEDS OF UPPER MONTGOMERY COUNTY, MARYLAND.

  • THE PURPOSE OF THE SHADY GROVE ADVENTIST HOSPITAL FOUNDATION, D/B/A ADVENTIST HEALTHCARE SHADY GROVE MEDICAL CENTER FOUNDATION, IS TO PROVIDE PHILANTHROPIC SUPPORT TO THE WORK AND MISSION OF ADVENTIST HEALTHCARE, INC., D/B/A/ ADVENTIST HEALTHCARE SHADY GROVE MEDICAL CENTER BY ENCOURAGING THE COMMUNITY TO SUPPORT THE MANY SERVICES AND PROGRAMS NECESSARY FOR THE HOSPITAL TO MEET THE HEALTHCARE NEEDS OF OUR COMMUNITY. DONATIONS ARE GENERATED THROUGH THE CULTIVATION OF MAJOR GIFTS, CAPITAL CAMPAIGNS, AN ANNUAL GIVING PROGRAM THAT INCLUDES EMPLOYEE GIVING. FROM THE VERY SMALLEST TO THE LARGEST, EVERY SINGLE GIFT MEANS THE BEST OF CARE IS ACCESSIBLE AND AVAILABLE TO OUR COMMUNITY.

    Expenses $2,364,879 · Grants $2,364,879

As filed on the 2023 return.

Listed in Part VII

  • DANIEL L COCHRAN

    BOARD MBR;PRES,SGMC-TERM END 11/2023

    Total calculated
    $930,121
    From this org
    $0
    From related orgs
    $742,089
    Other
    $188,032
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,048 related
    Bonus
    $0 + $76,244 related
    Other
    $0 + $209,797 related
    Deferred
    $0 + $170,607 related
    Nontaxable benefits
    $0 + $17,425 related
    Filer's total
    $0 + $930,121 related

  • PATSY MCNEIL

    BD MBR;SVP,SYS,CMO-TERM END 11/2023

    Total calculated
    $877,307
    From this org
    $0
    From related orgs
    $719,578
    Other
    $157,729
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,423 related
    Bonus
    $0 + $78,794 related
    Other
    $0 + $162,361 related
    Deferred
    $0 + $146,659 related
    Nontaxable benefits
    $0 + $11,070 related
    Filer's total
    $0 + $877,307 related

  • JOAN VINCENT

    BD MBR; VP,NUR,SGMC-TERM END 11/2023

    Total calculated
    $441,454
    From this org
    $0
    From related orgs
    $396,833
    Other
    $44,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $304,768 related
    Bonus
    $0 + $26,705 related
    Other
    $0 + $65,360 related
    Deferred
    $0 + $26,000 related
    Nontaxable benefits
    $0 + $18,621 related
    Filer's total
    $0 + $441,454 related

  • HOWARD VOGEL

    NOMINATING CMTE (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • LAURENCE BENSIGNOR

    CHAIR (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • STEVEN MARK KATZ

    BOARD MEMBER (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BYRUM

    TREASURER (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • KEVIN GROLIG

    BOARD MEMBER (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • CASSANDRA HAIRSTON

    VICE CHAIR (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • COLIN POTTS

    EXEC. CMTE AT LARGE;TERM END 11/2023

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL AQUILINO

    BOARD MEMBER (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

  • JEFF KAGAN

    BOARD MEMBER (TERM END 11/2023)

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PAY PRACTICE: ADVENTIST HEALTHCARE UTILIZES A SINGLE EMPLOYER ID FOR ALL ITS AFFILIATED ENTITIES FOR EMPLOYMENT PURPOSES. AS SUCH, ACTUAL COMPENSATION AND BENEFITS ARE CHARGED TO THE RESPECTIVE ENTITIES AND THE RESULTING COMPENSATION AND BENEFITS ARE REPORTED ON EACH AFFILIATE'S IRS FORM 990 AS IF PAID DIRECTLY BY SUCH AFFILIATE. AS APPLICABLE, THE SAME AND NON-ADDITIVE COMPENSATION AND EMPLOYMENT BENEFIT PLAN CONTRIBUTION AMOUNTS WERE ALSO DISCLOSED IN THE ADVENTIST HEALTHCARE INC. RELATED ENTITIES' RETURNS. INDEPENDENT GUIDELINES: WHEN SETTING COMPENSATION FOR THE OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND THE HIGHEST COMPENSATED EMPLOYEES, ADVENTIST HEALTHCARE FULLY COMPLIES WITH THE PROCEDURAL SAFEGUARDS EMBODIED IN IRS REGULATIONS. COMPENSATION FOR ADVENTIST HEALTHCARE OFFICERS, DIRECTORS, TRUSTEES, AND SENIOR EXECUTIVES IS ENTIRELY SET BY A COMMITTEE OF ADVENTIST HEALTHCARE BOARD OF TRUSTEES. IN SETTING COMPENSATION, THIS COMMITTEE RELIES UPON MARKET COMPARABILITY DATA PROVIDED BY AN INDEPENDENT OUTSIDE COMPENSATION CONSULTANT WHO PROVIDES A SUMMARY OF HEALTH CARE SALARIES AND BENEFITS FOR COMPARABLE SIZED ORGANIZATIONS BOTH NATIONALLY AND IN THE ADVENTIST HEALTHCARE REGION. TO FURTHER ENSURE REASONABLENESS, BOTH COMPENSATION AND BENEFITS ARE TARGETED AT THE 50TH PERCENTILE (OR MEDIAN) OF THE MARKET.
PART I, LINE 4B
CERTAIN EMPLOYEES RECEIVED COMPENSATION FROM A DISTRIBUTION UNDER AN EXECUTIVE RETENTION 457F PLAN, WHICH BECAME EFFECTIVE ON JANUARY 1, 2015. PRE-TAX CONTRIBUTIONS ARE ACCUMULATED ANNUALLY AND ARE DISTRIBUTED ON JANUARY 1ST OF THE 2ND YEAR, IF STILL EMPLOYED, OR SOONER BASED ON CERTAIN EXCEPTIONS. THERE IS TYPICALLY A 2-YEAR DEFERRAL PERIOD BEFORE PAYMENTS ARE RELEASED. CONTRIBUTIONS ACCUMULATED IN 2021 WERE GENERALLY DISTRIBUTED ON JANUARY 1, 2023 IF THE EXECUTIVE IS THEN EMPLOYED AND CONTRIBUTIONS ACCUMULATED IN 2022 WILL GENERALLY BE DISTRIBUTED ON JANUARY 1, 2024 IF THE EXECUTIVE IS THEN EMPLOYED. AMOUNTS LISTED UNDER PART II, COLUMN F INCLUDE PAYOUT AMOUNTS WHICH WERE CONSIDERED DEFERRED COMPENSATION FROM THE 457F PLAN IN OUR PRIOR YEAR RETURNS AND THESE AMOUNTS ARE NOW BEING SHOWN UNDER THE OTHER REPORTABLE INCOME, COLUMN B (III). THE ADVENTIST HEALTHCARE EXECUTIVE RETENTION PLAN PAYS CERTAIN PARTICIPANTS THEIR RETIREMENT PAYMENTS IN DIRECT CASH, RATHER THAN RETENTION BENEFITS OF DEFERRED CASH, AFTER ATTAINING THE PLAN'S RETIREMENT AGE. THE FOLLOWING EXECUTIVE RECEIVED A SUPPLEMENTAL RETIREMENT PAYMENT UNDER THIS PLAN FEATURE: JOAN VINCENT: $58,743 RETIREMENT AGE PAYMENT.
PART I, LINE 7
THE ANNUAL INCENTIVE COMPENSATION INCLUDES PAYMENTS BASED ON SATISFACTION OF PRE-DETERMINED PERFORMANCE TARGETS SUCH AS QUALITY/PATIENT SAFETY GOALS, EMPLOYEE AND PATIENT ENGAGEMENT GOALS, ORGANIZATIONAL GROWTH, AND FINANCIAL PERFORMANCE, AMONG OTHER THINGS. THE ANNUAL INCENTIVE COMPENSATION APPLIES TO DIRECTORS AND ABOVE.
SUPPLEMENTAL INFORMATION:
OTHER REPORTABLE COMPENSATION INCLUDES RETENTION PAYMENTS AND LUMP-SUM ADJUSTMENTS IN LIEU OF THE ACROSS-THE-BOARD INCREASE (FOR EMPLOYEES WHO ARE AT OR REACH THE RANGE MAXIMUM FOR THEIR POSITION). OTHER REPORTABLE COMPENSATION ALSO INCLUDES LONG-TERM DISABILITY COVERAGE, CELL PHONE ALLOWANCES, CASH-OUT OF UNUSED PAID TIME OFF (PTO) HOURS, IMPUTED VALUE OF LIFE INSURANCE COVERAGE, AND SEVERANCE, AS APPLICABLE. CERTAIN EXECUTIVES CAN ALSO RECEIVE REPORTABLE COMPENSATION THROUGH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ONCE THEY HAVE VESTED IN THE PLAN. IN 2023, THERE WERE NO SERP PAYOUTS MADE. NON-TAXABLE BENEFITS INCLUDES PRE-TAX PAYROLL DEDUCTIONS (SUCH AS FLEXIBLE MEDICAL SPENDING, DEPENDENT CARE, AND EMPLOYEE HEALTH BENEFIT PREMIUMS), AND THE EMPLOYER PORTION OF CERTAIN EMPLOYEE BENEFITS SUCH AS HEALTH INSURANCE, DENTAL INSURANCE, VISION INSURANCE, AND LIFE INSURANCE, ETC.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349304027

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