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Nonprofiteer
← FROEDTERT HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by FROEDTERT HOSPITAL FOUNDATION INC.

Totals

Total revenue
$4,177,132
Total expenses
$2,292,062
Contributions and grants received
$2,793,380
Grants paid
$1,553,066
Program service revenue
$0
Investment income
$1,413,239
Other revenue
-$29,487
Total assets, end of year
$34,350,056
Total liabilities, end of year
$141,133
Net assets or fund balances, end of year
$34,208,923
Program services expenses (Part IX)
$1,553,066
Management and general expenses
$332,921
Fundraising expenses
$406,075
Program service expenses (Part III)
$1,553,066

Program services were 67.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Adam Smith

    Director & Treasurer

    Total calculated
    $488,945
    From this org
    $0
    From related orgs
    $416,956
    Other
    $71,989
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,773 related
    Bonus
    $0 + $101,071 related
    Other
    $0 + $1,112 related
    Deferred
    $0 + $49,435 related
    Nontaxable benefits
    $0 + $22,554 related
    Filer's total
    $0 + $488,945 related

  • Janine Geske

    Director & BOD Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kip Ritchie

    Director & BOD Chair

    Total calculated
    $0
    Hours/week
    1

  • Raven Jemison

    Director & BOD V. Chair (Term Jan24)

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Ameen

    Director & Executive Director (Term Apr24)

    Total calculated
    $0
    Hours/week
    1

  • Allen Ericson

    Director & FMLH Interim Pres (Start Apr24)

    Total calculated
    $1,049,080
    From this org
    $0
    From related orgs
    $875,006
    Other
    $174,074
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,706 related
    Bonus
    $0 + $142,952 related
    Other
    $0 + $167,348 related
    Deferred
    $0 + $137,340 related
    Nontaxable benefits
    $0 + $36,734 related
    Filer's total
    $0 + $1,049,080 related

  • Andrea Schneider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anne Zizzo

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Catherine Jacobson

    Director & FTCH President/CEO

    Total calculated
    $6,191,269
    From this org
    $0
    From related orgs
    $5,872,993
    Other
    $318,276
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,711,053 related
    Bonus
    $0 + $1,915,129 related
    Other
    $0 + $2,246,811 related
    Deferred
    $0 + $280,978 related
    Nontaxable benefits
    $0 + $37,298 related
    Filer's total
    $0 + $6,191,269 related

  • Christopher G Goller

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Marcus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edward 'Teddy' Werner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Conley

    Director & FMLH President (Term Apr24)

    Total calculated
    $1,616,214
    From this org
    $0
    From related orgs
    $1,403,238
    Other
    $212,976
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $766,153 related
    Bonus
    $0 + $494,021 related
    Other
    $0 + $143,064 related
    Deferred
    $0 + $176,458 related
    Nontaxable benefits
    $0 + $36,518 related
    Filer's total
    $0 + $1,616,214 related

  • Jan Lennon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Thometz

    Director

    Total calculated
    $0
    Hours/week
    1

  • William C Coleman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Van De Kreeke

    Former - Officer (Treas)

    Total calculated
    $208,246
    From this org
    $0
    From related orgs
    $196,046
    Other
    $12,200
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $196,046 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $208,246 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

  • 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)

Schedule J, Part I, Line 3
COMPENSATION OF TOP MANAGEMENT IS PAID BY AN OUTSIDE ORGANIZATION BUT A REVIEW IS PERFORMED. IN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT, INDEPENDENT COMPENSATION CONSULTANTS ARE UTILIZED, COMPENSATION STUDIES ARE COMPLETED TO GATHER COMPARATIVE DATA, PERSONS WITH A CONFLICT OF INTEREST REGARDING THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THE DECISION MAKING PROCESS, AND AMOUNTS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE FROEDTERT THEDACARE HEALTH, INC. (A RELATED ORGANIZATION) BOARD OF DIRECTORS.
Schedule J, Part I, Line 4a SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
SEVERANCE: VAN DE KREEKE, JEFFREY - $196,046
Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
457(F) DISTRIBUTIONS: CONLEY, ERIC - $115,894 ERICSON, ALLEN - $139,594 JACOBSON, CATHERINE - $2,074,559 457(F) PLAN PARTICIPANTS: CONLEY, ERIC ERICSON, ALLEN JACOBSON, CATHERINE SMITH, ADAM NON-QUALIFIED DISTRIBUTIONS: JACOBSON, CATHERINE - $167,475 (OF WHICH $0 WAS REPORTED AS DEFERRED ON A PRIOR FORM 990) NON-QUALIFIED PARTICIPANTS: JACOBSON, CATHERINE
Schedule J, Part I, Line 7
BONUS COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO THE ORGANIZATION'S STRATEGY, SERVICE, QUALITY, AND FINANCIAL STRENGTH. THE AMOUNT OF COMPENSATION IS CALCULATED USING SPECIFIED PERCENTAGES OF BASE SALARY FOR ACHIEVEMENT OF PARTICULAR GOAL LEVELS. HOWEVER, THE FROEDTERT THEDACARE HEALTH SYSTEM BOARD COMMITTEE WHICH ADMINISTERS THE BONUS COMPENSATION PROGRAM HAS DISCRETION OVER WHETHER TO PAY THE BONUS IN ANY GIVEN YEAR OR TO AMEND, CHANGE, OR TERMINATE THE PROGRAM AT ANY TIME.
Schedule J, Part II, Column (B)(ii)
BONUS AND INCENTIVE COMPENSATION AMOUNTS INCLUDE INCENTIVE COMPENSATION PAID.
Schedule J, Part II, Column (B)(iii)
OTHER REPORTABLE COMPENSATION INCLUDES 457(F) DEFERRED COMPENSATION PLAN DISTRIBUTIONS PAID TO INDIVIDUALS, AMOUNTS PAID IN LIEU OF 457(F) DEFERRED COMPENSATION PLAN CONTRIBUTIONS, AND OTHER MISCELLANEOUS COMPENSATION.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349304856

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