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Nonprofiteer
← METHODIST MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by METHODIST MEDICAL CENTER INC.

Totals

Total revenue
$101,539
Total expenses
$1,490,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$101,539
Other revenue
$0
Total assets, end of year
$57,956,619
Total liabilities, end of year
$71,421,823
Net assets or fund balances, end of year
-$13,465,204
Program services expenses (Part IX)
$1,490,724
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,490,724

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $101,539 · excluded $101,539

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,737 · program services $5,737

  • 16 · Occupancy

    total $1,314,533 · program services $1,314,533

  • 22 · Depreciation, depletion and amortization

    total $170,454 · program services $170,454

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,305,611 · end of year $5,305,611

  • 2 · Savings and temporary cash investments

    beginning of year $2,834,799 · end of year $3,152,976

  • 3 · Pledges and grants receivable

    beginning of year $1,035,739 · end of year $1,091,664

  • 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

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

    $59,479,574

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

    $53,738,860

  • 10c · Land, buildings and equipment, net

    beginning of year $5,911,168 · end of year $5,740,714

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $42,665,654 · end of year $42,665,654

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $70,051,365 · end of year $71,421,823

  • 27 · Net assets without donor restrictions

    beginning of year -$12,298,394 · end of year -$13,665,204

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $200,000

Mission and programs · 2022

Mission

To provide healthcare and related services to the community, including the City of Jacksonville, Duval County, Nassau County, Clay County, Baker County and St. Johns County, Florida, and throughout the "First Coast" region by supporting Shands Jacksonville Medical Center, Inc. (SJMC).

Activities or mission (Part I)

To provide healthcare and related services to the community, including the City of Jacksonville, the counties of Duval, Nassau, Clay, Baker, and St. Johns, and the "First Coast" region by supporting SJMC.

  • The filing organization supports SJMC, an affiliate non-profit organization, by leasing the Hospital building and equipment to SJMC.

    Expenses $1,490,724

As filed on the 2022 return.

Listed in Part VII

  • Dean Cocchi MBA

    Treasurer / CFO of SJMC

    Total calculated
    $624,146
    From this org
    $0
    From related orgs
    $588,539
    Other
    $35,607
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,135 related
    Bonus
    $0 + $65,450 related
    Other
    $0 + $46,954 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $17,307 related
    Filer's total
    $0 + $624,146 related

  • Gregory Miller MBA

    President / EVP COO of SJMC

    Total calculated
    $714,464
    From this org
    $0
    From related orgs
    $684,604
    Other
    $29,860
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $528,599 related
    Bonus
    $0 + $76,725 related
    Other
    $0 + $79,280 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $11,560 related
    Filer's total
    $0 + $714,464 related

  • Russell E Armistead Jr MBA

    Chairman / CEO of SJMC

    Total calculated
    $1,042,781
    From this org
    $0
    From related orgs
    $1,022,878
    Other
    $19,903
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $826,315 related
    Bonus
    $0 + $163,625 related
    Other
    $0 + $32,938 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $1,603 related
    Filer's total
    $0 + $1,042,781 related

  • Jon DeBardeleben ESQ

    Secretary / VP Senior Counsel of SJMC

    Total calculated
    $328,762
    From this org
    $0
    From related orgs
    $299,229
    Other
    $29,533
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,276 related
    Bonus
    $0 + $28,270 related
    Other
    $0 + $24,683 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $11,233 related
    Filer's total
    $0 + $328,762 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
RUSSELL E ARMISTEAD, JR, MBA, CEO of SJMC, is paid by SJMC, a related organization. In accordance with the organization's bylaws, the compensation committee of Shands Jacksonville Medical Center has the power and authority to review and approve CEO compensation annually. The following methods are utilized in reviewing compensation of the top management official: -Approval by the compensation committee -Independent compensation consultant -Form 990 of other organizations -Compensation study

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.

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 corporations and trusts

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

  • SOUTHERN HOSPITAL SYSTEMS INC

    C Corporation · INACTIVE · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349314143

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