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Nonprofiteer
← LABURNUM PROPERTIES INC

Form 990 for tax year 2023

Filed by LABURNUM PROPERTIES INC.

Totals

Total revenue
$1,146,793
Total expenses
$148,540
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • Michael Lutes

    President/CEO - Richmond

    Total calculated
    $1,199,657
    From this org
    $0
    From related orgs
    $921,428
    Other
    $278,229
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $657,911 related
    Bonus
    $0
    Other
    $0 + $263,517 related
    Deferred
    $0 + $247,088 related
    Nontaxable benefits
    $0 + $31,141 related
    Filer's total
    $0 + $1,199,657 related

  • Rhodes Ritenour

    Secretary, VP External & Regulatory Affairs

    Total calculated
    $309,359
    From this org
    $0
    From related orgs
    $276,366
    Other
    $32,993
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,612 related
    Bonus
    $0 + $33,935 related
    Other
    $0 + $23,819 related
    Deferred
    $0 + $2,939 related
    Nontaxable benefits
    $0 + $30,054 related
    Filer's total
    $0 + $309,359 related

  • WILLIAM KUSNIERZ

    Treasurer/CFO - Richmond

    Total calculated
    $592,788
    From this org
    $0
    From related orgs
    $548,124
    Other
    $44,664
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,672 related
    Bonus
    $0 + $95,437 related
    Other
    $0 + $89,015 related
    Deferred
    $0 + $34,700 related
    Nontaxable benefits
    $0 + $9,964 related
    Filer's total
    $0 + $592,788 related

  • Brian Yanofchick

    Board Member, Chief Sponsorship Officer

    Total calculated
    $538,075
    From this org
    $0
    From related orgs
    $524,623
    Other
    $13,452
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,002 related
    Bonus
    $0 + $89,249 related
    Other
    $0 + $130,372 related
    Deferred
    $0 + $3,150 related
    Nontaxable benefits
    $0 + $10,302 related
    Filer's total
    $0 + $538,075 related

  • Paul Smith

    Former Interim President - Richmond

    Total calculated
    $2,430,814
    From this org
    $0
    From related orgs
    $2,417,550
    Other
    $13,264
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $261,300 related
    Other
    $0 + $2,156,250 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,264 related
    Filer's total
    $0 + $2,430,814 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
Bon Secours Mercy Health, Inc., a related organization of the filing organization, uses the following to establish the compensation of the organization's CEO/Executive Director: Compensation Committee Independent Compensation Consultant Written Employment Contract Compensation Survey or Study Approval by the Board or Compensation Committee
Schedule J, Part I, Line 4a Severance or change-of-control payment
Severance Benefits consisting of continuation of base salary and insurance benefits were provided to listed individuals for specified periods. The listed individuals executed releases and waivers of claims in exchange for the severance benefits. Salary continuation amounts provided during the reporting year to listed individuals were as follows: Paul Smith, $840,326.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The Bon Secours Mercy Health System SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: William Kusnierz, $30,837; Michael Lutes, $0; Paul Smith, $547,809; Brian Yanofchick, $34,000.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202413029349300616

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