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Nonprofiteer
← MULTICARE FOUNDATIONS

Form 990 for tax year 2022

Filed by MULTICARE FOUNDATIONS.

Totals

Total revenue
$13,473,210
Total expenses
$10,594,754
Contributions and grants received
$12,669,856
Grants paid
$6,014,864
Program services expenses (Part IX)
$6,014,864
Management and general expenses
$2,024,893
Fundraising expenses
$2,554,997
Program service expenses (Part III)
$6,014,864

Program services were 56.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CORY BARBIERI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BEST

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • BOBBE BRIDGE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KELLY FUKAI

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID JOHNSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TONY LINDGREN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSHUA NEELY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROGER SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM ROBERTSON

    CEO

    Total calculated
    $3,608,557
    From this org
    $0
    From related orgs
    $2,751,828
    Other
    $856,729
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,910,400 related
    Bonus
    $0 + $542,506 related
    Other
    $0 + $298,922 related
    Deferred
    $0 + $831,790 related
    Nontaxable benefits
    $0 + $24,939 related
    Filer's total
    $0 + $3,608,557 related

  • JAMES LEE

    CFO

    Total calculated
    $607,673
    From this org
    $0
    From related orgs
    $596,384
    Other
    $11,289
    Hours/week
    4 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $523,568 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $2,816 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,289 related
    Filer's total
    $0 + $607,673 related

  • DORENE YOUNG

    VP FOUNDATIONS

    Total calculated
    $633,479
    From this org
    $0
    From related orgs
    $595,551
    Other
    $37,928
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,280 related
    Bonus
    $0 + $97,345 related
    Other
    $0 + $134,926 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $19,628 related
    Filer's total
    $0 + $633,479 related

  • CAROLYN KADYK

    EXECUTIVE DIRECTOR

    Total calculated
    $211,365
    From this org
    $174,558
    From related orgs
    $0
    Other
    $36,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,284
    Bonus
    $24,047
    Other
    $2,227
    Deferred
    $10,740
    Nontaxable benefits
    $26,067
    Filer's total
    $211,365

  • MONICA POWERS

    EXECUTIVE DIRECTOR

    Total calculated
    $248,819
    From this org
    $0
    From related orgs
    $224,056
    Other
    $24,763
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,838 related
    Bonus
    $0 + $35,849 related
    Other
    $0 + $1,369 related
    Deferred
    $0 + $13,423 related
    Nontaxable benefits
    $0 + $11,340 related
    Filer's total
    $0 + $248,819 related

  • ELLIOT STOCKSTAD

    EXECUTIVE DIRECTOR

    Total calculated
    $206,814
    From this org
    $0
    From related orgs
    $188,226
    Other
    $18,588
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,458 related
    Bonus
    $0 + $10,625 related
    Other
    $0 + $1,143 related
    Deferred
    $0 + $2,468 related
    Nontaxable benefits
    $0 + $16,120 related
    Filer's total
    $0 + $206,814 related

  • ANGELA LEE HYLTON

    PHILANTHROPY OFFICER

    Total calculated
    $140,591
    From this org
    $139,626
    From related orgs
    $0
    Other
    $965
    Hours/week
    40

  • CRAIG DAVISON

    EXECUTIVE DIRECTOR

    Total calculated
    $187,395
    From this org
    $0
    From related orgs
    $186,733
    Other
    $662
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,825 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $908 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $662 related
    Filer's total
    $0 + $187,395 related

  • JAMES MCMANUS

    FORMER CFO

    Total calculated
    $1,343,730
    From this org
    $0
    From related orgs
    $1,342,143
    Other
    $1,587
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $140,876 related
    Bonus
    $0 + $177,960 related
    Other
    $0 + $1,023,307 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,587 related
    Filer's total
    $0 + $1,343,730 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)

PART I, LINES 4A-B
LINE 4A - IN 2022 THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: JAMES MCMANUS- $684,460. LINE 4B - THE FOLLOWING REPORTED PEOPLE PARTICIPATED IN A 457(F) DEFERRED COMPENSATION PLAN AND RECEIVED A PAYOUT IN 2022: DORENE YOUNG - $91,083, JAMES MCMANUS - $292,896. IRC SECTION 457(F) PLANS ALLOW PARTICIPANTS TO CHOOSE FROM A NUMBER OF DIFFERENT TYPES OF BENEFITS WITH A DEFAULT SELECTION INTO A 457(F) PLAN. THE PLAN COVERS EMPLOYEES WHO ARE PRIMARILY A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THIS TYPE OF ARRANGEMENT CONTAINS A RISK OF FORFEITURE AND SOME OF THE ACCOUNTS USE A NON-COMPETE CLAUSE. THE EXECUTIVE GROUP ACCOUNTS CONTAIN A ROLLING 5-YEAR CLIFF 50% VESTING SCHEDULE AND ONCE THAT IS BEING MET THE PARTICIPANT RECEIVES 50% OF THE ACCOUNT, WITH A 100% VESTING UPON AGE 62 OR 5 YEARS OF PRIOR EMPLOYMENT. FOR THE HIGHLY COMPENSATED GROUP (PLAN'S LEGACY PHYSICIAN PARTICIPANT GROUP) DISTRIBUTION OF BALANCES PAID REPRESENTED VESTED AMOUNT DURING THE YEAR. THE PAYMENTS WERE TAXED AND INCLUDED IN COLUMN B, (III). SCHEDULE J SUPPLEMENTAL INFORMATION PART II, COLUMN III: DEFERRED COMPENSATION AMOUNTS, SERP VESTED TAXABLE DISTRIBUTION, WAS PAID OUT TO WILLIAM ROBERTSON, CEO, IN THE AMOUNT OF $288,039. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN HAS A VESTING SCHEDULE; THE VESTED BENEFIT WAS PAID OUT AS ORDINARY INCOME (REPORTED ON W-2) AS OF THE PARTICIPANT'S VESTING DATE MILESTONE. THE PAYMENT WAS TAXED AND INCLUDED IN COLUMN B,(III). PART II, COLUMN C: MULTICARE HEALTH SYSTEM DEFERRED $813,490 INTO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN (SERP) FOR WILLIAM G. ROBERTSON, CEO, WHICH IS REFLECTED IN COLUMN C.
SCHEDULE J, PART I, LINE 3:
MULTICARE FOUNDATIONS RELIED ON A RELATED ORGANIZATION, MULTICARE HEALTH SYSTEM, TO ESTABLISH THE COMPENSATION FOR THE ORGANIZATION'S CEO. SEE SCHEDULE O, PART VI, LINE 15 NARRATIVE FOR PROCESS USED BY MULTICARE HEALTH SYSTEM.
SCHEDULE J, PART I & II, SUPPLEMENTAL:
THE REPORTABLE COMPENSATION FOR THE OFFICERS OF THE CORPORATION AND KEY EMPLOYEES IS BASED ON THE TOTAL AMOUNT PAID DURING THE YEAR FOR MANAGEMENT AND LEADERSHIP OF MULTICARE HEALTH SYSTEM AND ITS SUBSIDIARIES. THE AMOUNTS UNDER OTHER COMPENSATION, REPORTED ON SCHEDULE J, COLUMN C, INCLUDE DEFERRED COMPENSATION, AND THE VALUE OF MEDICAL, DENTAL, LIFE, DISABILITY INSURANCE, AND PENSION BENEFITS. COMPENSATION ON THIS TAX RETURN INCLUDES AMOUNTS THAT ARE NOT VESTED, ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE AND MAY NOT BE PAID OUT IN THE FUTURE. THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION AT MULTICARE HEALTH SYSTEM (I) COMPLIES WITH THE IRS FORM 990 INSTRUCTIONS; (II) IS DETERMINED BY A SEPARATE COMMITTEE OF THE BOARD OF DIRECTORS WHOSE MEMBERS ARE ALL INDEPENDENT, DO NOT HAVE A CONFLICT OF INTEREST, AND ARE NON-PAID; AND (III) IS ANNUALLY EVALUATED IN THE CONTEXT OF COMPENSATION DATA GATHERED BY INDEPENDENT EXTERNAL CONSULTANTS FROM A PEER GROUP COMPRISED OF SIMILAR HIGH PERFORMING HEALTHCARE INSTITUTIONS, PRIMARILY INTEGRATED HEALTHCARE ORGANIZATIONS. COMPENSATION PAID IS DETERMINED TO BE REASONABLE AND NECESSARY BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AND THE INDEPENDENT EXTERNAL CONSULTANT. IN ADDITION, A SIGNIFICANT PORTION OF COMPENSATION IS AT RISK AND BASED ON ACHIEVEMENT OF GOALS SET BY THE BOARD OF DIRECTORS AT THE START OF EACH YEAR IN AREAS SUCH AS PATIENT SAFETY, QUALITY, WORKFORCE DEVELOPMENT, FINANCE AND OTHER MISSION-RELATED AREAS. THE BOARD PLACES A HIGH PRIORITY ON THE NEED TO RECRUIT AND RETAIN A STRONG LEADERSHIP TEAM AND TO CREATE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE TO DRIVE SUPERIOR ORGANIZATIONAL PERFORMANCE IN ORDER TO ACHIEVE TOP TIER INTEGRATED CARE DELIVERY SYSTEM STATUS. THE COMPENSATION COMMITTEE ROUTINELY REVIEWS BENEFITS AND RETIREMENT PROGRAMS TO ENSURE THE PLANS ARE MARKET-BASED AND OTHERWISE CONSISTENT WITH IRS GUIDELINES. THE OFFICERS OF MULTICARE HEALTH SYSTEM, 91-1352172, ALSO FULFILL OFFICER AND EXECUTIVE FUNCTIONS FOR ITS RELATED ENTITIES. COMPENSATION DISCLOSED IS REPORTED TO THE RELATED ENTITIES TAX RETURNS IN ACCORDANCE WITH IRS REGULATIONS, BUT IS NOT CHARGED TO THE SUBSIDIARY OR AFFILIATE. AN OFFICER LISTED DEVOTES AN AVERAGE OF 60 HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333069349302358

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

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