Skip to content
Nonprofiteer
← TEXAS HEALTH PRESBYTERIAN HOSPITAL KAUFMAN

Form 990 for tax year 2022

Filed by TEXAS HEALTH PRESBYTERIAN HOSPITAL KAUFMAN.

Totals

Total revenue
$45,258,266
Total expenses
$39,164,755
Contributions and grants received
$103,715
Grants paid
$82,097
Program service revenue
$45,038,316
Investment income
-$4,268
Other revenue
$120,503
Total assets, end of year
$18,103,765
Total liabilities, end of year
$8,318,066
Net assets or fund balances, end of year
$9,785,699
Program services expenses (Part IX)
$32,245,986
Management and general expenses
$6,918,769
Fundraising expenses
$0
Program service expenses (Part III)
$32,245,986

Program services were 82.3% 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.

  • 1d · Related organizations

    $8,375

  • 1e · Government grants (contributions)

    $95,340

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PATIENT REVENUE

    total $44,577,540 · related or exempt $44,577,540

  • 2b · Program service revenue: COST REPORT ADJUSTMENTS

    total $259,744 · related or exempt $259,744

  • 2c · Program service revenue: DSPR REVENUE

    total $176,664 · related or exempt $176,664

  • 2d · Program service revenue: AFFILIATE SERVICE FEES

    total $24,368 · related or exempt $24,368

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $3,046

  • 6c · Rental income or loss

    real property $3,046 · personal property $0

  • 6d · Net rental income or loss

    total $3,046 · excluded $3,046

  • 7a · Gross sales of assets other than inventory

    other assets $62

  • 7b · Less cost or other basis and sales expenses

    other assets $4,330

  • 7c · Gain or loss

    other assets -$4,268

  • 7d · Net gain or loss

    total -$4,268 · excluded -$4,268

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CAFETERIA

    total $71,840 · excluded $71,840

  • 11b · Other revenue: UNCLAIMED PROPERTY

    total $20,004 · excluded $20,004

  • 11c · Other revenue: COMMISSION

    total $9,208 · excluded $9,208

  • 11d · All other revenue

    total $16,405 · related or exempt $8,834 · excluded $7,571

  • 11e · Other revenue, total

    $117,457

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,097 · program services $82,097

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $341,745 · management and general $341,745

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $14,634,531 · program services $14,486,872 · management and general $147,659

  • 8 · Pension plan contributions

    total $644,071 · program services $630,466 · management and general $13,605

  • 9 · Other employee benefits

    total $1,829,691 · program services $1,799,039 · management and general $30,652

  • 10 · Payroll taxes

    total $1,060,268 · program services $1,031,799 · management and general $28,469

  • 11a · Fees: management

    total $5,959,244 · management and general $5,959,244

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $4,959,313 · program services $4,857,162 · management and general $102,151

  • 12 · Advertising and promotion

    total $817 · program services $412 · management and general $405

  • 13 · Office expenses

    total $97,884 · program services $79,355 · management and general $18,529

  • 14 · Information technology

    total $161,292 · program services $156,426 · management and general $4,866

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $413,092 · program services $413,092

  • 17 · Travel

    total $21,596 · program services $18,176 · management and general $3,420

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,939 · program services $3,939

  • 20 · Interest

    total $383,057 · program services $383,057

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,511,728 · program services $1,435,961 · management and general $75,767

  • 23 · Insurance

    total $401,808 · program services $401,808

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,819,464 · program services $3,818,670 · management and general $794

  • 24b · Other expenses: UHRIP

    total $920,532 · program services $920,532

  • 24c · Other expenses: LPPF IGT

    total $845,787 · program services $845,787

  • 24d · Other expenses: INTERCOMPANY AFFILIATE SVCS

    total $271,399 · program services $271,399

  • 24e · All other expenses

    total $801,400 · program services $609,937 · management and general $191,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1,248 · end of year -$7,072

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,943,459 · end of year $5,745,098

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $844,783 · end of year $738,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,696 · end of year $67,175

  • 10a · Land, buildings and equipment: cost or other basis

    $34,250,297

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,690,642

  • 10c · Land, buildings and equipment, net

    beginning of year $10,287,613 · end of year $11,559,655

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,722,611 · end of year $3,208,002

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,832,550 · end of year $1,658,603

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $742,005 · end of year $3,451,461

  • 27 · Net assets without donor restrictions

    beginning of year $11,817,137 · end of year $9,785,699

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES REGARDLESS OF THEIR ABILITY TO PAY.

  • Texas Health Presbyterian Hospital Kaufman (THK) was opened in 1975 and is a 42 staffed bed hospital located in Kaufman, Texas. THK serves the rural community of Kaufman and the surrounding area. It offers a wide range of services including general surgery, orthopedic surgery, ICU, Telemetry, medical surgical care, and a 24-hour emergency department. THK provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. The hospital provides care to persons covered by governmental programs including Medicare and Medicaid for reimbursement that does not always cover the cost of providing the care. Recognizing its mission to the community, services are provided to both financially indigent and medically indigent patients. To the extent reimbursement for services is below cost, THK recognizes the difference as charity care. Community benefit is also provided through many free programs to the community. These services are essential to provide complete healthcare to the communities they served. Some of these programs include Supported Senior Citizens in Kaufman County with free flu clinics, Health Fairs especially for Senior Citizens centers in Kemp and Kaufman, and community health fairs at local and surrounding service area schools. Community members were informed about such subjects as general health and high blood pressure. There was also blood pressure screening available free of charge, Matter of Balance Classes to Kaufman County Senior Citizens Monthly, diabetes education, and a Car Seat Fitting Station for the community. The hospital also supports the local community service area through volunteer time and monetary contributions. Programs sponsored include, but are not limited to, the local area school district, United Way, Meals on Wheels (Senior Connect), Salvation Army's food program, Angel Tree, local churches and the Kaufman Center Food Bank. THK also has a close relationship with the community college TVCC and Texas Tech University pharmacy program. THK had 2,757 patient days, 1,051 discharges, 31,720 outpatient encounters, and 25,053 emergency room visits during the 2022 calendar year.

    Expenses $32,245,986 · Grants $103,715 · Revenue $45,047,150

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BerdanBarclay E

    THR CEO/Trustee

    Total calculated
    $3,806,117
    From this org
    $0
    From related orgs
    $3,378,414
    Other
    $427,703
    Hours/week
    0.32 + 49.68 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,670,569 related
    Bonus
    $0 + $1,415,798 related
    Other
    $0 + $292,047 related
    Deferred
    $0 + $377,798 related
    Nontaxable benefits
    $0 + $49,905 related
    Filer's total
    $0 + $3,806,117 related

  • McWhorter Rickey E

    Former Officer

    Total calculated
    $1,634,387
    From this org
    $0
    From related orgs
    $1,477,178
    Other
    $157,209
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $897,686 related
    Bonus
    $0 + $438,893 related
    Other
    $0 + $140,599 related
    Deferred
    $0 + $120,036 related
    Nontaxable benefits
    $0 + $37,173 related
    Filer's total
    $0 + $1,634,387 related

  • KingJames Kirk

    President

    Total calculated
    $1,500,786
    From this org
    $0
    From related orgs
    $1,251,353
    Other
    $249,433
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $720,897 related
    Bonus
    $0 + $389,996 related
    Other
    $0 + $140,460 related
    Deferred
    $0 + $200,333 related
    Nontaxable benefits
    $0 + $49,100 related
    Filer's total
    $0 + $1,500,786 related

  • KramerKenneth J

    Assistant Secretary

    Total calculated
    $1,330,841
    From this org
    $0
    From related orgs
    $1,190,704
    Other
    $140,137
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $683,629 related
    Bonus
    $0 + $372,552 related
    Other
    $0 + $134,523 related
    Deferred
    $0 + $101,290 related
    Nontaxable benefits
    $0 + $38,847 related
    Filer's total
    $0 + $1,330,841 related

  • CraftBrian

    Former Officer

    Total calculated
    $683,878
    From this org
    $0
    From related orgs
    $580,805
    Other
    $103,073
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,534 related
    Bonus
    $0 + $169,417 related
    Other
    $0 + $50,854 related
    Deferred
    $0 + $50,856 related
    Nontaxable benefits
    $0 + $52,217 related
    Filer's total
    $0 + $683,878 related

  • SijMark W

    CMO

    Total calculated
    $660,919
    From this org
    $0
    From related orgs
    $608,133
    Other
    $52,786
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,041 related
    Bonus
    $0 + $109,572 related
    Other
    $0 + $520 related
    Deferred
    $0 + $19,188 related
    Nontaxable benefits
    $0 + $33,598 related
    Filer's total
    $0 + $660,919 related

  • JacksonDavid W

    Assistant Secretary

    Total calculated
    $653,618
    From this org
    $0
    From related orgs
    $524,017
    Other
    $129,601
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,809 related
    Bonus
    $0 + $143,198 related
    Other
    $0 + $47,010 related
    Deferred
    $0 + $91,723 related
    Nontaxable benefits
    $0 + $37,878 related
    Filer's total
    $0 + $653,618 related

  • WhiteleyJohn E

    Former Officer

    Total calculated
    $625,893
    From this org
    $0
    From related orgs
    $535,315
    Other
    $90,578
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,319 related
    Bonus
    $0 + $141,899 related
    Other
    $0 + $49,097 related
    Deferred
    $0 + $49,224 related
    Nontaxable benefits
    $0 + $41,354 related
    Filer's total
    $0 + $625,893 related

  • CarrAaron

    Former Officer

    Total calculated
    $548,004
    From this org
    $0
    From related orgs
    $491,478
    Other
    $56,526
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,032 related
    Bonus
    $0 + $77,232 related
    Other
    $0 + $199,214 related
    Deferred
    $0 + $9,434 related
    Nontaxable benefits
    $0 + $47,092 related
    Filer's total
    $0 + $548,004 related

  • SchroederJennifer Ann

    Former Officer

    Total calculated
    $508,432
    From this org
    $0
    From related orgs
    $458,331
    Other
    $50,101
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,296 related
    Bonus
    $0 + $105,999 related
    Other
    $0 + $57,036 related
    Deferred
    $0 + $20,451 related
    Nontaxable benefits
    $0 + $29,650 related
    Filer's total
    $0 + $508,432 related

  • CantuStacy G

    Corporate Secretary

    Total calculated
    $457,768
    From this org
    $0
    From related orgs
    $389,083
    Other
    $68,685
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,180 related
    Bonus
    $0 + $87,682 related
    Other
    $0 + $32,221 related
    Deferred
    $0 + $17,369 related
    Nontaxable benefits
    $0 + $51,316 related
    Filer's total
    $0 + $457,768 related

  • BrackerRachal R

    Grp Finan Officer THD-THK

    Total calculated
    $392,957
    From this org
    $0
    From related orgs
    $359,395
    Other
    $33,562
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,076 related
    Bonus
    $0 + $79,070 related
    Other
    $0 + $51,249 related
    Deferred
    $0 + $15,875 related
    Nontaxable benefits
    $0 + $17,687 related
    Filer's total
    $0 + $392,957 related

  • KirkhamBrett Daniel

    Former Officer

    Total calculated
    $381,904
    From this org
    $0
    From related orgs
    $313,943
    Other
    $67,961
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,030 related
    Bonus
    $0 + $69,383 related
    Other
    $0 + $49,530 related
    Deferred
    $0 + $14,308 related
    Nontaxable benefits
    $0 + $53,653 related
    Filer's total
    $0 + $381,904 related

  • WhiteToya D

    COO & CNO THK

    Total calculated
    $341,745
    From this org
    $288,059
    From related orgs
    $0
    Other
    $53,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,762
    Bonus
    $62,773
    Other
    $26,524
    Deferred
    $15,401
    Nontaxable benefits
    $38,285
    Filer's total
    $341,745

  • MilbergerKyle A

    Former Highest Paid Employee

    Total calculated
    $250,832
    From this org
    $0
    From related orgs
    $206,514
    Other
    $44,318
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,545 related
    Bonus
    $0 + $23,682 related
    Other
    $0 + $8,287 related
    Deferred
    $0 + $7,771 related
    Nontaxable benefits
    $0 + $36,547 related
    Filer's total
    $0 + $250,832 related

  • CrowLeslie

    RN II CHARGE

    Total calculated
    $228,803
    From this org
    $166,790
    From related orgs
    $0
    Other
    $62,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,700
    Bonus
    $3,457
    Other
    $5,633
    Deferred
    $13,154
    Nontaxable benefits
    $48,859
    Filer's total
    $228,803

  • RyerBetty

    SUPV ADMV

    Total calculated
    $219,341
    From this org
    $182,179
    From related orgs
    $0
    Other
    $37,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,973
    Bonus
    $4,176
    Other
    $6,030
    Deferred
    $9,243
    Nontaxable benefits
    $27,919
    Filer's total
    $219,341

  • LidgettCari Danette

    ASSOC CNO THK

    Total calculated
    $197,289
    From this org
    $167,159
    From related orgs
    $0
    Other
    $30,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,230
    Bonus
    $19,710
    Other
    $5,219
    Deferred
    $9,518
    Nontaxable benefits
    $20,612
    Filer's total
    $197,289

  • YuEdward

    DIR PHARMACY

    Total calculated
    $195,566
    From this org
    $155,794
    From related orgs
    $0
    Other
    $39,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,724
    Bonus
    $3,550
    Other
    $520
    Deferred
    $9,232
    Nontaxable benefits
    $30,540
    Filer's total
    $195,566

  • WilsonTimothy Andrew

    SUPV ADMV

    Total calculated
    $168,514
    From this org
    $137,739
    From related orgs
    $0
    Other
    $30,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,019
    Bonus
    $3,750
    Other
    $2,970
    Deferred
    $10,201
    Nontaxable benefits
    $20,574
    Filer's total
    $168,514

  • Chhutani MD Sheila

    Trustee

    Total calculated
    $97,456
    From this org
    $0
    From related orgs
    $97,456
    Other
    $0
    Hours/week
    0.02 + 8.4 related

  • Stripling MD Dennis

    Immediate past chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Vigness MD Richard

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Wilder Jr Charles

    Chair

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Rhodes Philip

    Trustee

    Total calculated
    $0
    Hours/week
    0.02

  • Bernstein Kenneth

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Guyton Michael

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Haggar III Joseph

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Hunt Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Montgomery Lynn

    Trustee

    Total calculated
    $0
    Hours/week
    0.02

  • Nunez MD Ignacio

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Reeves Kenneth

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Washington Bernice

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 related

  • Weeks DNP Susan

    Trustee

    Total calculated
    $0
    Hours/week
    0.02 + 1.41 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, 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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1a- Discretionary Spending Account
Each executive at the vice president level and above receives a perk allowance and flexible benefit allowance which is included in the taxable compensation of the employee. The perk allowance covers costs such as business use of their personal vehicles in lieu of reimbursement for auto mileage. The flexible benefit allowance can be used to purchase executive benefits on an after-tax basis.
Schedule J, Part I, LIne 3- CEO Compensation
The organization relied on Texas Health Resources (THR), a related 501(c)(3) organization with centralized compensation professionals to use the following methods to establish the compensation of the organization's top executive officer who is responsible for the daily operations of the hospital. * The Governance committee (which includes independent persons) performs reviews and makes recommendations to the THR Board to approve the overall payment philosophy. * An Independent compensation consultant may be hired. * Compensation surveys or studies are utilized. * Board or Governance committee approves the executive compensation parameters within the executive compensation philosophy. The President is a corporate officer providing oversight of the COO/CNO and whose compensation is paid and determined by THR.
SCHEDULE J, PART I, LINE 4A - Severance Pay
- POSITION ELIMINATION THR'S separation pay plan provides payments to employees whose positions were eliminated by the organization. The separation pay is based on the employee's years of service and the level of the affected position. The employee listed qualified for severance based on an involuntary separation from service without a comparable position being open and available at the time of separation. Carr,Aaron 154,442 SEVERANCE SETTLEMENT The settlement payment was paid out as part of a mutually agreed upon employment transition agreement that resulted in a separation of employment from THR. Carr,Aaron 31,880
Sch J, Part I, Line 4b Nonqualified Retirement Plan
Participation in the THR plans is made available to a select group of management and highly compensated employees who are providing services in key positions of management and/or responsibility and who are determined by the THR Board of Trustees. SERP: For the active restoration account (Account balances after 12/31/2009) SERP benefits vest while the participant is employed if the participant: * Reaches age 65 * Becomes disabled or dies, * Reaches the following years of service: 2 Years - 25%; 3 Years - 50%; 4 Years - 75% and 5 or more years - 100% Participants must be employed on Dec 1 to qualify for the current year's SERP Benefit unless separation is due to death, disability, retirement (Age 65) or early retirement (separation from service at or after age 55 with 75 years of combined age and service with the system.) SERP benefits are calculated each Dec 1. Vested balances are taxed to the employee and the net balances begin accruing earnings. Vested balances are paid in a cash lump sum within a 90-day period commencing on the earlier of death, disability, or separation from service. The deferred portion is included in Schedule J, Part II, column C. In frozen restoration accounts (account balances prior to 1/1/2010), the participant or beneficiary shall be taxed on his or her vested SERP benefits upon the earliest of: * Continued employment in THR until age 68 * Termination of employment for disability or death * Involuntary termination of employment without reasonable cause; or * Satisfying a 24 month non-compete period following his/her termination of employment. Payment follows the before mentioned events, except in the case of involuntary separation when the participant must wait 24 months to receive the previously taxed benefit. LTIP: The Long Term Incentive Plan covers 2, 3 or 4 years. Payouts are made over 2, 3, or 4 years after key performance goals are met. Benefits vest if they are employed at the end of the year the payout is made. Payments can also be made if separation is due to death, disability, retirement (Age 65) or early retirement (separation from service at or after age 55 with 75 years of combined age and service with the system.) In the case of retirement and early retirement, CEO approval must be obtained and a non-compete must be satisfied prior to the end of year payout. Retention: A retention agreement may be offered to an executive in a key position or based on succession planning needs of the system. The length of the retention period will be dependent upon the needs of the organization to retain the key executive. Payments are made within 2 months following the end of the retention period. Payouts to the following employees were made during the year for all the plans listed above. The amounts below are included in the amount reported on Sch J, Part II, Column B(iii) and Column (F). Berdan,Barclay E. 155,068 Carr,Aaron 569 Craft,Brian 13,982 Jackson,David W. 11,705 King,James Kirk 48,503 Kramer,Kenneth J. 46,912 Whiteley,John E 8,450

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $8,124,949. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202343129349301909

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.