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Nonprofiteer
← PROVIDENCE MILWAUKIE FOUNDATION

Form 990 for tax year 2023

Filed by PROVIDENCE MILWAUKIE FOUNDATION.

Totals

Total revenue
$748,253
Total expenses
$909,156
Contributions and grants received
$590,588
Grants paid
$697,965
Program service revenue
$0
Investment income
$158,363
Other revenue
-$698
Total assets, end of year
$9,736,983
Total liabilities, end of year
$1,219,467
Net assets or fund balances, end of year
$8,517,516
Program services expenses (Part IX)
$697,965
Management and general expenses
$111,499
Fundraising expenses
$99,692
Program service expenses (Part III)
$697,965

Program services were 76.8% 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.

  • 1c · Fundraising events

    $151,138

  • 1d · Related organizations

    $102,202

  • 1f · All other contributions, gifts and grants

    $337,248

  • 3 · Investment income

    total $158,363 · excluded $158,363

  • 8a · Fundraising events: gross income

    $38,147

  • 8a · Fundraising events: contributions included on line 1c

    $151,138

  • 8b · Fundraising events: direct expenses

    $38,845

  • 8c · Net income from fundraising events

    total -$698 · excluded -$698

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $690,465 · program services $690,465

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 7 · Other salaries and wages

    total $78,410 · management and general $41,397 · fundraising $37,013

  • 9 · Other employee benefits

    total $22,653 · management and general $11,960 · fundraising $10,693

  • 11g · Fees: other

    total $17,204 · management and general $9,083 · fundraising $8,121

  • 12 · Advertising and promotion

    total $9,381 · management and general $4,953 · fundraising $4,428

  • 13 · Office expenses

    total $30,054 · management and general $15,867 · fundraising $14,187

  • 17 · Travel

    total $2,233 · management and general $1,179 · fundraising $1,054

  • 24a · Other expenses: OTHER DIRECT EXPENSES

    total $36,718 · management and general $19,385 · fundraising $17,333

  • 24b · Other expenses: SPECIAL EVENTS

    total $10,355 · management and general $5,467 · fundraising $4,888

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $4,010 · management and general $2,117 · fundraising $1,893

  • 24d · Other expenses: RECRUITING & RELOCATION

    total $123 · management and general $65 · fundraising $58

  • 24e · All other expenses

    total $50 · management and general $26 · fundraising $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $245,236 · end of year $250,376

  • 3 · Pledges and grants receivable

    beginning of year $5,052 · end of year $15,512

  • 4 · Accounts receivable

    end of year $174,724

  • 8 · Inventories for sale or use

    beginning of year $13,111

  • 11 · Investments: publicly traded securities

    beginning of year $8,165,446 · end of year $8,536,940

  • 15 · Other assets

    beginning of year $768,599 · end of year $759,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,285 · end of year $10,842

  • 25 · Other liabilities

    beginning of year $567,948 · end of year $1,208,625

  • 27 · Net assets without donor restrictions

    beginning of year $3,756,852 · end of year $3,770,631

  • 28 · Net assets with donor restrictions

    beginning of year $4,868,359 · end of year $4,746,885

Mission and programs · 2023

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Activities or mission (Part I)

SEE SCHEDULE O

  • SEE SCHEDULE OPROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS.PROGRAM SERVICE ACCOMPLISHMENTSPROVIDENCE MILWAUKIE FOUNDATION HAS ENCOURAGED CHARITABLE GIVING FROM THE COMMUNITY SINCE ITS ESTABLISHMENT IN 1988. THE FOUNDATION SUPPORTS EXCELLENT AND COMPASSIONATE CARE IN OUR COMMUNITY AND AT PROVIDENCE MILWAUKIE HOSPITAL. PROVIDENCE MILWAUKIE HOSPITAL PROVIDES FULL RANGE OF INPATIENT AND OUTPATIENT SERVICES. AT PROVIDENCE MILWAUKIE HOSPITAL, WE BELIEVE THAT MAINTAINING HEALTH AND ENHANCING QUALITY OF LIFE MEANS FOCUSING ON THE WHOLE PERSON.DISTRIBUTION FOR CAPITAL EXPENSES OF PMH WERE TWO ECHOCARDIOGRAPHY MACHINES FOR OUR DIAGNOSTIC IMAGING DEPARTMENT.FUNDS WERE ALSO USED TO PURCHASE NEW CHILDREN'S BOOKS WHICH ARE GIVEN TO YOUNG PATIENTS IN OUR TWO LOW-INCOME PROVIDENCE FAMILY MEDICINE CLINICS TO PROMOTE EARLY LITERACY.FUNDED THE PROVIDENCE MILWAUKIE PROJECT NURTURE FOR CARE MANAGEMENT AND SOCIAL SERVICES FOR PREGNANT WOMEN AND NEW MOTHERS WHO ARE BATTLING SUBSTANCE USE DISORDERS.WE FUND A PATIENT SUPPORT PROGRAM THAT ENABLES US TO ASSIST VERY LOW-INCOME PATIENTS WITH BASIC SUPPORT THEY NEED AS THEY ARE TRANSITIONING OUT OF THE HOSPITAL OR EMERGENCY DEPARTMENT.WITH THE MANTRA OF "FOOD AS MEDICINE,; THE COMMUNITY TEACHING KITCHEN (CTK) AT PROVIDENCE MILWAUKIE HOSPITAL OPENED IN 2016 TO SUPPORT COMMUNITY MEMBERS, INCLUDING PATIENTS LIVING WITH FOOD INSECURITY, AS WELL AS THOSE IN NEED OF NUTRITION EDUCATION. THIS UPSTREAM APPROACH TO ADDRESSING CHRONIC DISEASE WAS DEVELOPED TO CREATE HEALTHIER COMMUNITIES THROUGH FOOD INSECURITY SCREENING, ONE-ON-ONE, AND GROUP NUTRITION. EDUCATION, HEALTHY COOKING CLASSES, A FOOD PANTRY, AND PATIENT NAVIGATION FOR CONNECTION TO INDIVIDUALIZED RESOURCES. DUE TO THE COVID RESTRAINTS, WE WERE ABLE TO OFFER CLASSES VIRTUAL AND WORKED WITH A DELIVERY SERVICE TO DELIVER FOOD FROM OUR FOOD PANTRY TO THOSE IN NEED.DISTRIBUTIONS IN SUPPORT OF OUR FAMILY MEDICAL RESIDENCY PROGRAM TRAIN NEW PHYSCIANS TO CARE FOR OUR COMMUNITIES. PRIORITIES INCLUDE RECRUITMENT AND SUPPORT FOR RESIDENTS FROM TRADITIONALLY MARGINALIZED COMMUNITIES, CARING FOR SENIORS AND THOSE WITH COMPLEX MEDICAL NEEDS INCLUDING SUBSTANCE USE DISORDERS, AND CARING FOR PATIENTS IN A VARIETY OF SETTINGS (CLINIC, HOSPITAL, ETC.)

    Expenses $697,965 · Grants $697,965

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK CAREY MD

    DIRECTOR

    Total calculated
    $326,501
    From this org
    $0
    From related orgs
    $275,152
    Other
    $51,349
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,435 related
    Bonus
    $0 + $16,387 related
    Other
    $0 + $38,330 related
    Deferred
    $0 + $28,012 related
    Nontaxable benefits
    $0 + $23,337 related
    Filer's total
    $0 + $326,501 related

  • TIFFANY GILLESPIE

    CHIEF PHIL. OFFICER (PART YEAR)

    Total calculated
    $173,220
    From this org
    $0
    From related orgs
    $153,818
    Other
    $19,402
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,280 related
    Bonus
    $0 + $20,131 related
    Other
    $0 + $407 related
    Deferred
    $0 + $14,806 related
    Nontaxable benefits
    $0 + $4,596 related
    Filer's total
    $0 + $173,220 related

  • AARON UNVERZAGT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ANDREW SCOTT

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DIANE GREENMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH KLEIN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GLENN RODRIGUEZ MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JASON AU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF DULCICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOANNA PIENOVI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN WILHELMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEN HICK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARK STEHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MITCH WALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SEHRA SAMPSON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SHIRLEY BERNARD

    SECRETARY

    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

  • 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 1A
PROVIDENCE EXPENSE REIMBURSEMENT PROCEDURES INCLUDE THE FOLLOWING POLICIES: FIRST CLASS TRAVEL OR CHARTER TRAVEL AIR TRAVEL IS GENERALLY REIMBURSABLE AT THE LEAST EXPENSIVE AIRFARE WHICH PERMITS DEPARTURES AND ARRIVALS AT REASONABLE TIMES AND REASONABLE DISTANCE TRAVELED. EMPLOYEES ARE ENCOURAGED TO PLAN IN ADVANCE TO GET AVAILABLE DISCOUNTS. AIRLINE FREQUENT FLYER UPGRADES WILL NEVER BE REIMBURSED. IN LIMITED SITUATIONS, FIRST CLASS TICKETS AND CHARTER MAY BE REIMBURSED WHEN APPROVED BY A SENIOR LEVEL SUPERVISOR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS RELOCATION PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO RELOCATION EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THE RELOCATION EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THE RELOCATION BENEFITS, SO THAT A PORTION OF THE REIMBURSEMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - FINANCIAL/RETIREMENT PLANNING PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO FINANCIAL AND RETIREMENT PLANNING EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THESE OTHER EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THIS BENEFIT, SO THAT A PORTION OF THE PAYMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. PERSONAL SERVICES PROVIDENCE OFFERS FINANCIAL PLANNING SERVICES AS AN OPTIONAL BENEFIT TO EMPLOYEES AT VICE PRESIDENT LEVEL AND ABOVE. THE AMOUNTS REPORTED FOR THE FINANCIAL PLANNING SERVICES ARE INCLUDED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990 FOR THE EMPLOYEES WHO PARTICIPATE.
PART I, LINE 3
DESCRIPTION OF PROCESS TO REVIEW COMPENSATION PAID TO TOP MANAGEMENT OFFICIAL THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER/TOP MANAGEMENT OFFICIAL IS PAID BY ITS TAX EXEMPT PARENT, PROVIDENCE HEALTH & SERVICE - OREGON, AND IS DISCLOSED AS A PERSON PAID BY A RELATED ORGANIZATION. SEE SCHEDULE O, PART VI, LINE 15A FOR THE PROCESS USED BY PROVIDENCE.
PART I, LINE 4B
ENTITIES WITHIN THE PROVIDENCE SYSTEM SPONSOR NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR CERTAIN EXECUTIVES. THE PLANS PROVIDE FOR EMPLOYER CONTRIBUTIONS BASED ON A PERCENTAGE OF EXECUTIVE BASE SALARY AND, DEPENDING ON THE PLAN, ARE SUBJECT TO EITHER A THREE YEAR, AGE 59 1/2 OR A FIVE YEAR, AGE 65 VESTING SCHEDULE. UNTIL THE EXECUTIVE PROVIDES THESE SUBSTANTIAL FUTURE SERVICES, THESE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE AT RISK, AND WILL BE FORFEITED IF THE EXECUTIVE LEAVES THE ORGANIZATION BEFORE REACHING HER OR HIS VESTING DATE. THE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE INCLUDED IN COLUMN (C) AS A NONTAXABLE BENEFIT IN THE YEAR THE CONTRIBUTION IS CREDITED TO THE EXECUTIVE'S ACCOUNT, AND ARE INCLUDED AGAIN ON THE FORM 990 IN COLUMN (B)(III) IF AND WHEN THE AMOUNT BECOMES VESTED IN A FUTURE YEAR, AS THE FORM 990 REQUIRES. NO INDIVIDUALS RECEIVED A PAYOUT DURING THE CURRENT YEAR.
PART I, LINE 7
NON-FIXED PAYMENTS THE PROVIDENCE EXECUTIVE COMPENSATION COMMITTEE (OF THE BOARD) HAS APPROVED AN EXECUTIVE COMPENSATION PHILOSOPHY THAT CLOSELY TIES AN EXECUTIVE'S COMPENSATION TO PERFORMANCE - BOTH THE PERFORMANCE OF THE ORGANIZATION AND THE PERFORMANCE OF THE EXECUTIVE. THERE IS NO GUARANTEE THAT THIS PART OF A LEADER'S COMPENSATION WILL BE PAID - IF THE PERFORMANCE OF THE ORGANIZATION OR OF THE INDIVIDUAL DOES NOT MEET THE PERFORMANCE STANDARDS FOR PAYMENT, NO PERFORMANCE-BASED PAYMENT IS MADE. THIS APPROACH IS REFLECTED IN PROVIDENCE'S LEADERSHIP ANNUAL INCENTIVE PLAN AND LONG-TERM INCENTIVE PLAN, WHICH ARE PERFORMANCE-BASED ANNUAL INCENTIVE PLANS THAT AFFORD PARTICIPATING EXECUTIVES THE OPPORTUNITY TO EARN "AT RISK" COMPENSATION THROUGH PERFORMANCE AGAINST VERY CHALLENGING GOALS. PAYOUTS WILL BE AWARDED BASED ON GOALS RELATED TO STRATEGIC OBJECTIVES, FISCAL STEWARDSHIP AND QUALITY OF CARE - THESE GOALS ARE SET BEFORE THE YEAR BEGINS AND ARE VERY CHALLENGING. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND APPROVES EACH YEAR'S PERFORMANCE GOALS TO MAKE SURE THEY ARE SUFFICIENTLY CHALLENGING, AND TO MAKE SURE THE GOALS ARE DESIGNED TO HELP PROVIDENCE MEET ITS MISSION AND STRATEGIC PURPOSES. EACH YEAR THE PSJH BOARD EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE INCENTIVE PERFORMANCE AND MUST CERTIFY THE ACHIEVEMENT OF PERFORMANCE GOALS BEFORE ANY AWARDS ARE PAID OUT. WHEN REVIEWING AND APPROVING TOTAL COMPENSATION FOR EXECUTIVES, THE EXECUTIVE COMPENSATION COMMITTEE INCLUDES INCENTIVE AWARDS, TO MAKE SURE THAT COMPENSATION IS REASONABLE AND WELL-SUPPORTED BY MARKET DATA. THE COMMITTEE CONSISTS ONLY OF DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST, AND THE COMMITTEE RELIES ON MARKET SURVEY DATA GATHERED BY AN INDEPENDENT CONSULTANT. THE COMMITTEE CONDUCTS THIS REVIEW AND APPROVAL PROCESS IN A MANNER THAT IS IN ACCORDANCE WITH IRS REQUIREMENTS FOR COMPENSATION OF TAX-EXEMPT ORGANIZATION LEADERS, AND IN ACCORDANCE WITH THE BEST GOVERNANCE PRACTICES IN THE INDUSTRY.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349306437

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