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Nonprofiteer
← BAYLOR HEALTH CARE SYSTEM FOUNDATION

Form 990 for tax year 2024

Filed by BAYLOR HEALTH CARE SYSTEM FOUNDATION.

Totals

Total revenue
$104,199,720
Total expenses
$53,042,628
Contributions and grants received
$47,676,188
Grants paid
$43,220,770
Program services expenses (Part IX)
$46,534,214
Management and general expenses
$3,720,916
Fundraising expenses
$2,787,498
Program service expenses (Part III)
$46,534,214

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Norman P Bagwell

    Director/Chair

    Total calculated
    $0
    Hours/week
    1

  • Margo Goodwin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter McCanna

    Director

    Total calculated
    $8,964,723
    From this org
    $0
    From related orgs
    $8,915,992
    Other
    $48,731
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,416,414 related
    Bonus
    $0 + $6,029,897 related
    Other
    $0 + $469,681 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $31,481 related
    Filer's total
    $0 + $8,964,723 related

  • Benjamin Renberg

    Director/President/CEO(Thru 6/13/25)

    Total calculated
    $862,522
    From this org
    $761,243
    From related orgs
    $0
    Other
    $101,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $458,185
    Bonus
    $270,206
    Other
    $32,852
    Deferred
    $74,621
    Nontaxable benefits
    $26,658
    Filer's total
    $862,522

  • Christina Goodman

    President/VP FD Dev (Eff.6/13/25)

    Total calculated
    $315,721
    From this org
    $277,005
    From related orgs
    $0
    Other
    $38,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,059
    Bonus
    $62,739
    Other
    $207
    Deferred
    $11,091
    Nontaxable benefits
    $27,625
    Filer's total
    $315,721

  • Amy Martin

    VP CFO

    Total calculated
    $500,711
    From this org
    $423,050
    From related orgs
    $0
    Other
    $77,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,208
    Bonus
    $121,291
    Other
    $27,551
    Deferred
    $48,151
    Nontaxable benefits
    $29,510
    Filer's total
    $500,711

  • Grant Teegarden

    Secretary

    Total calculated
    $706,957
    From this org
    $0
    From related orgs
    $619,697
    Other
    $87,260
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,008 related
    Bonus
    $0 + $250,251 related
    Other
    $0 + $17,438 related
    Deferred
    $0 + $57,804 related
    Nontaxable benefits
    $0 + $29,456 related
    Filer's total
    $0 + $706,957 related

  • Sarah Cantu

    VP Donor Engagement & Exp

    Total calculated
    $310,071
    From this org
    $253,696
    From related orgs
    $0
    Other
    $56,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,092
    Bonus
    $66,627
    Other
    $977
    Deferred
    $27,465
    Nontaxable benefits
    $28,910
    Filer's total
    $310,071

  • Craig Foster

    Dir Foundation - Major Gifts

    Total calculated
    $247,265
    From this org
    $208,966
    From related orgs
    $0
    Other
    $38,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,026
    Bonus
    $50,790
    Other
    $150
    Deferred
    $8,718
    Nontaxable benefits
    $29,581
    Filer's total
    $247,265

  • Amy Monday

    Foundation Director

    Total calculated
    $218,106
    From this org
    $205,560
    From related orgs
    $0
    Other
    $12,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,246
    Bonus
    $37,381
    Other
    $933
    Deferred
    $8,547
    Nontaxable benefits
    $3,999
    Filer's total
    $218,106

  • Timothy Moore

    Dir Foundation - Major Gifts

    Total calculated
    $252,852
    From this org
    $210,719
    From related orgs
    $0
    Other
    $42,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,840
    Bonus
    $40,633
    Other
    $246
    Deferred
    $9,301
    Nontaxable benefits
    $32,832
    Filer's total
    $252,852

  • Jennifer Sparrow

    Dir Advanced Analytics

    Total calculated
    $259,385
    From this org
    $238,241
    From related orgs
    $0
    Other
    $21,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,168
    Bonus
    $52,685
    Other
    $388
    Deferred
    $9,508
    Nontaxable benefits
    $11,636
    Filer's total
    $259,385

  • Kristi Sherrill

    Former Officer

    Total calculated
    $2,277,022
    From this org
    $0
    From related orgs
    $2,184,248
    Other
    $92,774
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,845 related
    Bonus
    $0 + $808,836 related
    Other
    $0 + $886,567 related
    Deferred
    $0 + $87,366 related
    Nontaxable benefits
    $0 + $5,408 related
    Filer's total
    $0 + $2,277,022 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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Discretionary spending account - The organization provides eligible employees certain monthly expense allowances in lieu of reimbursement for actual expenses under the organization's business travel and expense reimbursement policy. This may include providing an auto expense allowance for business mileage for those who travel frequently in their personal vehicle. All expense allowances are treated as taxable compensation. One person listed in the Form 990, Part VII, Section A, received this benefit during the tax year.
Part I, Line 3
Process for determining compensation: The organization, a controlled affiliate of BSW Health, recognizes that those chosen to lead the organization are vital to its ongoing success and growth. Thus, it must attract, retain and engage the highest quality officers and key employees to lead the organization and help the organization maintain its national reputation for achieving high targets for medical quality, patient safety, and patient satisfaction. A significant portion of the organization's officers and key employees' total compensation is based on significant performance achievements. This strategy places a greater emphasis on the importance of the organization achieving targeted improvements in the areas of people, quality, patient satisfaction and financial stewardship, annually. Total executive compensation is part of an integrated talent management strategy developed by the BSW Health Board of Trustees and its Compensation Committee to attract, motivate, and retain the best leadership resources for the organization. Executive compensation is determined pursuant to guidelines outlined in the intermediate sanction rules under IRC Section 4958 including taking steps to meet the rebuttable presumption standard of reasonableness under Treasury Regulation 53.4958-6, as summarized below. When making compensation decisions, the organization compares itself to similarly-sized, and structured businesses including other integrated health care service systems and other similarly-sized organizations, both locally and nationally. Each year the BSW Health Board of Trustees and the Compensation Committee, on behalf of the organization through reserved powers explicitly held by BSW Health, works directly with an independent compensation consultant(s) to identify reasonable and competitive market rates as well as provide an annual review of the total compensation of the organization's top management officials and other officers and key employees to ensure total compensation is within a fair market range. The annual review included reviewing certain officers and key employees listed on the Form 990 during the current tax year. The Compensation Committee is made up of members of the BSW Health Board of Trustees, who are independent, community volunteers. Guided by the information provided by the independent compensation consultant(s), the Compensation Committee approves the annual process and methodology for setting fair market salary ranges, earned incentives, and/or benefit offerings for the organization's President, other officers and/or key employees to be comparable to similar organizations for similar services and/or positions. Furthermore, the Compensation Committee is charged with the responsibility of reviewing annually the major elements of the executive compensation program to assure designs remain consistent with the business needs, market practices, and compensation philosophy. As part of the decision-making process, the Compensation Committee will often meet in executive session to discuss and review recommendations made by the independent compensation consultant(s). No officer or key employee whose compensation is being reviewed is present during these discussions. All decisions are properly documented in the minutes of the meetings.
Part I, Line 4b
Supplemental Nonqualified Retirement Plan: In order to recruit and retain key talent, BSW Health and certain tax exempt affiliates (collectively BSWH) offers a supplemental non-qualified retirement plan to eligible employees. The plan provides an annual benefit (based on a percentage of compensation) to the employee that is paid to the employee on a future date upon vesting in the plan. The following individual(s) participated in and/or received payments (noted in parenthesis) from BSWH's supplemental non-qualified retirement plan during the tax year: Amy Martin, Benjamin Renberg, Grant Teegarden, Kristi Sherrill, Peter McCanna ($444,197), and Sarah Cantu.
Part I, Line 7
The organization has adopted and implemented BSW Health's, the organization's ultimate parent, Annual Incentive Program to provide a market competitive total cash compensation incentive program that is designed to attract and retain key leaders and establish greater individual accountability and alignment to business performance. Payout targets are based upon a percentage of base pay and are developed by independent third party expert(s) using comparable market competitive data within the bounds of reasonableness and that are reviewed and approved by BSW Health's governing body. Payout levels are based upon a combination of system, entity, and region performance using various metrics related to quality, patient satisfaction, employee retention, and financial stewardship. BSW Health's governing body may approve modifications to annual incentive awards provided under the program consistent with market comparability data. Also, select officers, as designated by BSW Health's governing body, are eligible to participate in a Long Term Incentive Plan that is designed to recognize the key senior leaders' value and contribution to BSWH as well as align their compensation to the long term strategy of BSWH. Performance targets are based upon a percentage of the participant's base salary and are developed by independent third party expert(s) using market competitive data within the guides of reasonableness. The plan is based on BSWH's three-year performance against its peers, determined based on peer rankings or percentile rankings in quality, patient satisfaction and financial performance. At the end of three years, awards are approved by BSW Health's governing body for participants.
Form 990, Schedule J, Part III:
Supplemental Information: Governing Body Compensation The members of the governing body serve on a voluntary basis and receive no cash compensation from the organization for these duties as a member of the governing body. Some, but not all, members may have received modest benefits incident to their service on the board and/or multiple board committees or received compensation as an employee of a related organization. All such benefits are treated as taxable compensation to the extent required by law and are reported in the Form 990 where applicable.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202611349349310421

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