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Nonprofiteer
← SALEM HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by SALEM HEALTH FOUNDATION.

Totals

Total revenue
$3,359,111
Total expenses
$2,738,195
Contributions and grants received
$3,205,010
Grants paid
$2,039,251
Program service revenue
$0
Investment income
$171,145
Other revenue
-$17,044
Total assets, end of year
$11,730,641
Total liabilities, end of year
$290,538
Net assets or fund balances, end of year
$11,440,103
Program services expenses (Part IX)
$2,577,548
Management and general expenses
$160,647
Fundraising expenses
$0
Program service expenses (Part III)
$2,577,548

Program services were 94.1% 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

    $93,775

  • 1f · All other contributions, gifts and grants

    $3,111,235

  • 1g · Noncash contributions included above

    $1,692,000

  • 3 · Investment income

    total $171,145 · excluded $171,145

  • 8a · Fundraising events: gross income

    $6,130

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

    $93,775

  • 8b · Fundraising events: direct expenses

    $38,903

  • 8c · Net income from fundraising events

    total -$32,773 · excluded -$32,773

  • 11a · Other revenue: HAMPSHIRE RENTAL

    total $15,729 · excluded $15,729

  • 11e · Other revenue, total

    $15,729

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,894,079 · program services $1,894,079

  • 2 · Grants to domestic individuals

    total $145,172 · program services $145,172

  • 11a · Fees: management

    total $614,177 · program services $491,342 · management and general $122,835

  • 11g · Fees: other

    total $26,560 · program services $21,248 · management and general $5,312

  • 13 · Office expenses

    total $21,015 · program services $16,812 · management and general $4,203

  • 19 · Conferences, conventions and meetings

    total $11,119 · program services $8,895 · management and general $2,224

  • 24a · Other expenses: HAMPSHIRE PROP. MAINT.

    total $24,408 · management and general $24,408

  • 24b · Other expenses: LICENSES AND PERMITS

    total $1,405 · management and general $1,405

  • 24c · Other expenses: EQUIPMENT & INSTRUMENTS

    total $205 · management and general $205

  • 24d · Other expenses: DUES

    total $55 · management and general $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,704,769 · end of year $399,122

  • 2 · Savings and temporary cash investments

    beginning of year $152,381 · end of year $158,934

  • 4 · Accounts receivable

    beginning of year $7,173 · end of year $6,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,869 · end of year $16,439

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

    $692,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $692,000 · end of year $692,000

  • 11 · Investments: publicly traded securities

    beginning of year $7,328,516 · end of year $10,457,956

  • 25 · Other liabilities

    beginning of year $160,181 · end of year $290,538

  • 27 · Net assets without donor restrictions

    beginning of year $1,211,073 · end of year $1,370,237

  • 28 · Net assets with donor restrictions

    beginning of year $9,529,454 · end of year $10,069,866

Mission and programs · 2022

Mission

THE SALEM HEALTH FOUNDATION IS DEDICATED TO RAISING, MANAGING AND DISTRIBUTING FUNDS TO HELP SALEM HEALTH ACHIEVE ITS MISSION OF IMPROVING THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITY IT SERVES.

Activities or mission (Part I)

DEDICATED TO RAISING, MANAGING AND DISTRIBUTING FUNDS TO HELP SALEM HEALTH ACHIEVE ITS MISSION.

  • PROPOSALS TO FUND CAPITAL EQUIPMENT AND MEDICALLY RELATED ACTIVITIES AT SALEM HEALTH ARE RECEIVED AND REVIEWED BY THE FOUNDATION'S CHIEF DEVELOPMENT OFFICER. PROPOSALS ARE FORWARDED TO THE FOUNDATION'S BOARD OF DIRECTORS FOR FURTHER REVIEW AND APPROVAL IF THEY ARE CONSIDERED TO BE CONSISTENT WITH THE FOUNDATION'S ARTICLES OF INCORPORATION, STATING THAT ITS FUNDS ARE TO BE USED FOR HEALTH CARE, CHARITABLE, AND SCIENTIFIC PURPOSES, AND FOR MEDICAL AND SCIENTIFIC EDUCATION AND RESEARCH FOR THE USE AND BENEFIT OF SALEM HEALTH.

    Expenses $2,432,376 · Grants $1,894,079

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $97,000 · Grants $97,000

  • CERTAIN RESTRICTED FUNDS HAVE BEEN CREATED AND ARE USED FOR THE PURPOSE OF ASSISTING DIABETES AND CANCER PATIENTS WITH THE COSTS OF THEIR EDUCATIONAL, SUPPLY AND OTHER CARERELATED EXPENSES. IN ADDITION, FUNDS ARE DISTRIBUTED TO ASSIST LOW INCOME INDIVIDUALS MEDICAL REQUIREMENTS.

    Expenses $48,172 · Grants $48,172

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • PAT FORCE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALEX RHOTEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RYAN ALLBRITTON

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALEX CASEBEER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVE ALTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARTH BRANDAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM DUENAS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC FISKUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY GORDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAGHU KAMINENI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN POLLINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT PONEC MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YVONNE TAMAYO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYL NESTER WOLFE

    CEO & PRESIDENT

    Total calculated
    $1,616,278
    From this org
    $0
    From related orgs
    $1,574,830
    Other
    $41,448
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,003,551 related
    Bonus
    $0 + $264,799 related
    Other
    $0 + $306,480 related
    Deferred
    $0 + $25,925 related
    Nontaxable benefits
    $0 + $15,523 related
    Filer's total
    $0 + $1,616,278 related

  • JAMES PARR

    EVP OF OPERATIONS & CFO

    Total calculated
    $1,085,378
    From this org
    $0
    From related orgs
    $981,205
    Other
    $104,173
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,768 related
    Bonus
    $0 + $154,507 related
    Other
    $0 + $52,930 related
    Deferred
    $0 + $80,418 related
    Nontaxable benefits
    $0 + $23,755 related
    Filer's total
    $0 + $1,085,378 related

  • JAMES R BAUER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $446,465
    From this org
    $0
    From related orgs
    $391,654
    Other
    $54,811
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,642 related
    Bonus
    $0 + $63,864 related
    Other
    $0 + $10,148 related
    Deferred
    $0 + $39,299 related
    Nontaxable benefits
    $0 + $15,512 related
    Filer's total
    $0 + $446,465 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE OFFICERS IS DETERMINED BY THE CEO OF SALEM HEALTH, IN CONJUNCTION WITH OTHER SALARY SURVEY OR PUBLIC INFORMATION AND INDEPENDENT CONSULTANTS TO ENSURE THE COMPENSATION IS COMPETITIVE IN THE MARKET FOR SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS.
PART I, LINE 4B
SOME OF THE HOSPITAL'S EMPLOYEES RECEIVE DEFERRED COMPENSATION UNDER A 457(F) NONQUALIFIED PLAN. THIS COMPENSATION IS INCLUDED IN COMPENSATION REPORTED IN PART II. THE TOTAL NONQUALIFIED PORTION OF EACH PERSON'S DEFERRED COMPENSATION IS: JAMES PARR $54,493 JAMES R. BAUER $22,524
SCHEDULE J, PART II, LINE 1:
COMPENSATION AND BENEFITS REPORTED FOR OFFICERS ON SCHEDULE J ARE PAID BY SALEM HEALTH. THE FOUNDATION HAS A MANAGEMENT AGREEMENT TO REIMBURSE SALEM HEALTH FOR A PORTION OF OFFICER COMPENSATION AND BENEFITS. THIS AMOUNT IS INCLUDED ON FORM 990 PART IX; LINE 11A UNDER MANAGEMENT SERVICES.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202441309349303204

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