COREWELL HEALTH: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- COREWELL HEALTH (EIN 46-5718220)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202103199349309840
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T11:54:10-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Renaissance Center Suite 3900 | AddressLine1Txt |
| City | Detroit | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 465718220 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Beaumont Health | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BEAU | BusinessNameControlTxt |
| Phone | 2482133334 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26901 Beaumont Blvd | AddressLine1Txt |
| City | Southfield | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48033 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN PEETZ | PersonNm |
| Person Title | VP Treasury | PersonTitleTxt |
| Phone | 2482133334 | PhoneNum |
| Signature | 2021-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | PEETZ | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kristyn Forster | PreparerPersonNm |
| PTIN | P01704059 | PTIN |
| Phone | 3133963000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | John T Fox | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26901 Beaumont Blvd | AddressLine1Txt |
| City | Southfield | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $43,728,436 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.beaumont.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | To provide oversight and long term strategic management of Beaumont Health's supported organizations, in order to enhance their ability to continue 1) to provide high quality, efficient and accessible healthcare services in a caring environment, and 2) to be an essential contributor to the health and well-being of individuals and families, regardless of their financial circumstances in the communities served. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $49,412,574 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $43,728,436 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $49,412,574 | PYTotalRevenueAmt |
| CY Total Revenue | $43,728,436 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $33,379,121 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $96,486 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,033,453 | PYOtherExpensesAmt |
| CY Other Expenses | $43,631,950 | CYOtherExpensesAmt |
| PY Total Expenses | $49,412,574 | PYTotalExpensesAmt |
| CY Total Expenses | $43,728,436 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $871,771,917 | TotalAssetsBOYAmt |
| Total Assets EOY | $844,473,041 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $871,771,917 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $844,473,041 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $0 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To provide high quality, efficient and accessible healthcare services in a caring environment and to be an essential contributor to the health and well-being of individuals and families, regardless of their financial circumstances, in the communities served by Beaumont Health's supported organizations. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,089,584 | ExpenseAmt |
| Revenue | $43,728,436 | RevenueAmt |
| Desc | Beaumont Health, a Michigan non-profit corporation, is the parent corporation overseeing the tax-exempt healthcare systems of Botsford General Hospital, Oakwood Healthcare, Inc., and William Beaumont Hospital (the "Supported Organizations"). Through its oversight, Beaumont Health and its Supported Organizations provide high quality, efficient and accessible health services in a caring environment, furnish charity care and community service, and are essential contributors to the health and well-being of individuals and families in the communities served by the Supported Organizations. Beaumont Health manages and directs the Supported Organizations' delivery of health care through providing long-range and strategic planning, financial control, and programs and policies. | Desc |
| Total Program Service Expenses | $13,089,584 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1317 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Donna Zuk | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9475221514 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26901 Beaumont Blvd | AddressLine1Txt |
| City | Southfield | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48033 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| John Fox | |||||||
| President & CEO | 50.00 | 10.00 | Yes (X) | Yes (X) | $0 | $4,929,542 | $1,492,503 |
| David Wood MD | |||||||
| EVP & Chief Medical Officer | 50.00 | 14.00 | Yes (X) | $0 | $1,246,058 | $403,515 | |
| Harris Mainster DO | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $96,486 | $0 | $0 | |
| John Nemes | |||||||
| Secretary / Treasurer | 2.00 | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Christopher Blake | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Geoffrey Hockman | |||||||
| Director | 2.00 | 10.00 | Yes (X) | $0 | $0 | $0 | |
| Gerson Cooper | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| John Lewis | |||||||
| Chairman | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Julie Fream | |||||||
| Vice Chairperson | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Martha Quay | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Robert Williams MD | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Ronald Hall Jr | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Stephen Howard | |||||||
| Vice-Chairman | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Thomas Saeli | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| Timothy O'Brien | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| William Goldsmith | |||||||
| Director | 2.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |
| John Kerndl | |||||||
| EVP & Chief Financial Officer | 50.00 | 16.00 | Yes (X) | $0 | $1,053,230 | $399,047 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $96,486 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $7,228,830 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,295,065 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Cardinal Health | |||||
| 7000 Cardinal Place | Dublin | OH | 43017 | Pharmaceuticals Services | $277,227,962 |
| American Express Travel Related Serv Co | |||||
| PO Box 0001 | Los Angeles | CA | 900968000 | Travel Related Services | $106,118,283 |
| Medline Industries Inc | |||||
| 1 Medline Pl | Mundelein | IL | 600604485 | Medical Supply Services | $44,299,719 |
| Bank of America | |||||
| PO Box 9888 | Chicago | IL | 60693 | Banking Services | $36,330,197 |
| Medtronic USA Inc | |||||
| 4642 Collection Ctr Dr | Chicago | IL | 60693 | Medical Technology Services | $29,843,933 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1094 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prog Admin Support Svc | Desc |
| Business | 561000 | BusinessCd |
| Total Revenue Column | $43,728,436 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,728,436 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $43,728,436 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,728,436 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,728,436 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,486 | TotalAmt |
| Management And General | $96,486 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,278 | TotalAmt |
| Program Services | $45,083 | ProgramServicesAmt |
| Management And General | $105,195 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $705,601 | TotalAmt |
| Program Services | $211,680 | ProgramServicesAmt |
| Management And General | $493,921 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,892,227 | TotalAmt |
| Program Services | $867,668 | ProgramServicesAmt |
| Management And General | $2,024,559 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,477 | TotalAmt |
| Program Services | $32,543 | ProgramServicesAmt |
| Management And General | $75,934 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,017 | TotalAmt |
| Program Services | $39,305 | ProgramServicesAmt |
| Management And General | $91,712 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,032,269 | TotalAmt |
| Program Services | $2,409,680 | ProgramServicesAmt |
| Management And General | $5,622,589 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,766 | TotalAmt |
| Program Services | $32,030 | ProgramServicesAmt |
| Management And General | $74,736 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Allocated Salaries Expe | $22,936,133 | $6,880,840 | $16,055,293 |
| Settlements & Other Cos | $7,198,185 | $2,159,456 | $5,038,729 |
| Due and Memberships | $783,909 | $235,173 | $548,736 |
| Maintenance and Repairs | $553,417 | $166,025 | $387,392 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,671 | TotalAmt |
| Program Services | $10,101 | ProgramServicesAmt |
| Management And General | $23,570 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,728,436 | TotalAmt |
| Program Services | $13,089,584 | ProgramServicesAmt |
| Management And General | $30,638,852 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,771,917 | BOYAmt |
| EOY | $844,473,041 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,771,917 | BOYAmt |
| EOY | $844,473,041 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $770,673,250 | BOYAmt |
| EOY | $744,951,740 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,098,667 | BOYAmt |
| EOY | $99,521,301 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,771,917 | BOYAmt |
| EOY | $844,473,041 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,771,917 | BOYAmt |
| EOY | $844,473,041 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 3 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (3 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| William Beaumont Hospital | ||||
| 381459362 | 3 | Yes (1) | $0 | $0 |
| Oakwood Healthcare Inc | ||||
| 381405141 | 3 | Yes (1) | $0 | $0 |
| Botsford General Hospital | ||||
| 381426919 | 3 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 3 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Parent Supported Org | Yes (X) | ParentSupportedOrgInd |
| Appoint Elect Majority Officer | Yes (1) | AppointElectMajorityOfficerInd |
| Exercise Direction Policies | Yes (1) | ExerciseDirectionPoliciesInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part I, Line 12 G, Column (VI): | Beaumont Health is the parent organization of a multi-entity, multi-hospital health system that was formed as the result of the aggregation of three previously independent health systems. Beaumont Health provides support to its Supported Organizations through governance, leadership, strategy, and certain functions such as accounts payable (and issuing of payments, 1099's to vendors of the entire system), and Treasury oversight including the obtaining of tax-exempt bonds as well as taxable debt for the System. It does so by pulling in resources from the various system members to provide these services for its Supported Organizations. Such costs are allocated from various entities that have continued to incur the underlying costs to Beaumont Health who then charges them back - hence revenues equal expenses. The character of what has been allocated to Beaumont Health has been retained in the presentation of the income statement. In addition, monies and assets flow through Beaumont Health to bring assets up and move them to where they are needed in the System. These are reflected on the balance sheet. |
| Schedule A, Part IV, Section D, Line 3: | Beaumont Health is the parent and supporting organization of an integrated health care system consisting of Botsford General Hospital, Oakwood Healthcare, Inc. and William Beaumont Hospital (the Supported Organizations). Beaumont Health manages and directs the Supported Organizations' delivery of health care including providing long-term and strategic planning, financial control, and programs and policies that allow the Supported Organizations to function as an integrated health care delivery system. Beaumont Health's governing body is composed of at least one or more members of the governing bodies of each of the Supported Organizations. In addition, there is an overlap of officers between organizations to help ensure that there is a close and continuous working relationship with each Supported Organization. The Supported Organizations have a significant voice in Beaumont Health's operations, including the use of its income and assets. For example, budgets are submitted by the Supported Organizations to Beaumont Health for approval. This submission allows the Supported Organizations to articulate their needs (budgeting, capital acquisitions, operating cash flow needs, etc.) for consideration of funding. In addition, the Supported Organizations have input into all the investment policies of Beaumont Health through each Supported Organization's presence on the governing board of Beaumont Health. |
| Schedule A, Part IV, Section E, Line 3a: | Beaumont Health is solely responsible for the direct appointment or election of the officers, directors and trustees of each of the Supported Organizations. |
| Schedule A, Part IV, Section E, Line 3b: | Beaumont Health is organized to operate exclusively for the benefit of, to perform the functions of, and to carry out the purposes of Botsford General Hospital, Oakwood Healthcare, Inc. and William Beaumont Hospital (the "Supported Organizations"). Beaumont Health functions as an integrated operating company that manages and directs the Supported Organizations' delivery of health care, including providing long-range and strategic planning, financial control, and programs and policies that cause the Supported Organizations to function as an integrated health care delivery system. Beaumont Health is responsible for the overall coordination and supervision of the health system's Supported Organizations and is responsible for approval of the Supported Organizations' budgets, strategic planning, marketing, resource allocation and community benefit activities. Beaumont Health also is responsible for the management and investment of the endowments of the Supported Organizations. |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $83,224,246 | BeginningYearBalanceAmt |
| Contributions | $168,565 | ContributionsAmt |
| Investment Earnings Or Losses | $10,685,510 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $266,768 | OtherExpendituresAmt |
| End Year Balance | $93,811,553 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $71,321,433 | BeginningYearBalanceAmt |
| Contributions | $3,014,239 | ContributionsAmt |
| Investment Earnings Or Losses | $9,181,490 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $292,916 | OtherExpendituresAmt |
| End Year Balance | $83,224,246 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $73,045,050 | BeginningYearBalanceAmt |
| Contributions | $12,412,611 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,360,036 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,776,192 | OtherExpendituresAmt |
| End Year Balance | $71,321,433 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $0 | BeginningYearBalanceAmt |
| Contributions | $77,224,212 | ContributionsAmt |
| Investment Earnings Or Losses | $1,830,631 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,009,793 | OtherExpendituresAmt |
| End Year Balance | $73,045,050 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.39730 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.44790 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.15480 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Debt Receivable from Affiliates | Desc |
| Book Value | $844,473,041 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $844,473,041 | TotalBookValueOtherAssetsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, Line 4: | FormAndLineReferenceDesc |
| Explanation | Beaumont Health is the sole member of Beaumont Health Foundation. The intended use of Beaumont Health Foundation's endowment funds is to provide funds to support the mission and vision of Beaumont Health System. Beaumont Health Foundation provides funding for ongoing capital and operational needs, community outreach programs, and scholarships and education. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Fox | ||||||||||||||
| President & CEO | $0 | $1,564,725 | $0 | $2,540,140 | $0 | $824,677 | $0 | $1,460,721 | $0 | $31,782 | $0 | $6,422,045 | $0 | $593,090 |
| David Wood MD | ||||||||||||||
| EVP & Chief Medical Officer | $0 | $718,092 | $0 | $361,316 | $0 | $166,650 | $0 | $373,163 | $0 | $30,352 | $0 | $1,649,573 | $0 | $205,473 |
| John Kerndl | ||||||||||||||
| EVP & Chief Financial Officer | $0 | $705,283 | $0 | $340,465 | $0 | $7,482 | $0 | $356,706 | $0 | $42,341 | $0 | $1,452,277 | $0 | $193,616 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3 | Botsford General Hospital, Oakwood Healthcare, Inc., and William Beaumont Hospital, related tax-exempt organizations of Beaumont Health, use the following to establish the compensation of the organization's top management officials: - Compensation Committee - Independent compensation consultant - Compensation survey or study - Approval by the Board or Compensation Committee |
| Part I, Line 4b | Although Beaumont Health is the statutory employer of most of the System employees, Beaumont Health is not the common law employer of most, if not all, of the employees. The employees are reported on the Form 990 of their common law employer. Its supported organizations provide certain supplemental retirement benefits to certain officers, key employees and physicians. These benefits are provided through a non-qualified deferred compensation plan, under which the benefits being earned are subject to a substantial risk of forfeiture. To become entitled to the benefits being provided, each covered employee must meet specified requirements relating to further employment. Until those requirements are satisfied, the employee is not entitled to these amounts. If the employee were to have terminated employment voluntarily in the year to which this return applies, those supplemental retirement benefits would not have been paid out. It should be noted that these supplemental retirement benefits are part of a retirement program that provides retirement income for all years of service that the employee provides to the organization. Any retirement benefits should be viewed as applying to the entire length of the employee's service to the organization. The following individual(s) listed on Part VII received supplemental non-qualified plan payments during the calendar year: John Fox, non-qualified plan distribution, SERP 457(f): $772,738 David Wood, MD, non-qualified plan distribution, SERP 457(f): $133,700 |
| Part I, Line 5a: | Beaumont Health has short-term and long-term incentive plans for executives. Incentive awards are calculated based on the achievement of multiple targets, including the attainment of operating revenue targets. |
| Part I, line 5b: | Beaumont Health's operating revenue targets, used for purposes of determining short-term and long-term incentive awards for executives, include the revenues of Beaumont Health and its affiliate organizations. |
| Part II: | Executive compensation at Beaumont Health Background Beaumont Health's executive compensation philosophy and program aligns with our strategic objectives, which contribute to the health and well-being of the residents throughout the communities we serve. As Beaumont looks to retain strong talent in both executive and non-executive positions across the organization, similar philosophies are utilized, which align with our organizational values of compassion, respect, integrity, teamwork, and excellence. To successfully lead such a large, complex organization like Beaumont Health, highly talented executive leadership is essential. Successful recruiting, retention and motivation of leaders requires nationally competitive compensation and benefits. Beaumont also considers recruiting executive leaders who could choose positions in industry sectors other than health care. Based on a rigorous objective methodology, including review of an independent consultant's Written Reasonableness Assessment Opinion and their national market data from other health systems, assessment of job responsibilities, evaluation of qualifications, and review and approval by a board committee comprised of independent and disinterested directors, Beaumont Health is confident that our executives' 2020 compensation is both competitive and reasonable. Philosophy Our executive compensation programs are based on the following key attributes: - Beaumont provides market competitive compensation and benefits that are commonly provided by health systems of our size and complexity. Beaumont executive compensation is also aligned with the performance of the organization. - Performance metrics are tied to key strategic objectives - most of an executive's compensation at Beaumont is dependent on how the organization performs on key goals and metrics including patient safety, quality of care, and patient experience and satisfaction. - In 2020, the Organization & Compensation Committee also took into account the leadership team's monumental efforts to ensure care and safety for our patients and employees during the pandemic which began in March 2020. The executive team voluntarily took a temporary reduction in salary during COVID as one cost-saving measure the system implemented to assist with financial instability during uncertain times. As such, a substantial portion of an executive's incentive pay is 'at-risk' (not guaranteed) based on organizational performance. Some of the 'at risk' pay is awarded over a multi-year period and there are no guarantees the entire amount will be paid. The executive's actual take home pay in any given year might be less than the total compensation as reported on the 990 if the organization's objectives over multiple years are not achieved. Further, Column E of Schedule J of the 990 can be easily misinterpreted and is often overstated due to counting compensation accrued in a given year, but not yet vested. To avoid inadvertently "double counting" compensation, the best reflection of a single year's compensation is Schedule J Column B totaling Columns (i) through (iii) for 2020, which contains the most accurate source of information related to an executive's paid compensation in any given year. Year to year, an executive's total compensation will vary based on organizational performance as well as the scheduled timing of payments of amounts earned but not yet vested in earlier years. Governance of Executive Compensation Beaumont is committed to maintaining high standards of corporate governance. Our corporate governance process is compliant, transparent and ensures compensation is administered in a fair and equitable manner consistent with IRS guidelines. Executive compensation is governed by the Organization and Compensation Committee (OCC) of the Board of Directors of Beaumont Health, the parent organization of a multi-entity health system. The committee is comprised of independent board members who have no conflicts of interest as it relates to the organization's executive compensation. The committee is responsible for: - Reviewing, validating and approving performance goals and metrics related to the executive's at-risk compensation plans. - Reviewing, validating and approving performance achieved on the executive at-risk compensation plans. - Reviewing and approving compensation for each member of the organization's senior leadership team. - Ensuring compensation is reasonable and appropriate based on performance achieved and the organization's mission. The independent committee also receives support from outside advisors with expertise in health care organizations and executive compensation. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| Michigan Finance Authority | |||||||
| A | 800596186 | 59447P6N6 | $469,258,819 | See Part VI. | 0 | 0 | 0 |
| Michigan Finance Authority | |||||||
| B | 800596186 | 59447THE3 | $323,514,381 | See part VI. | 0 | 0 | 0 |
| Michigan Finance Authority | |||||||
| C | 800596186 | 000000000 | $65,000,000 | See part VI. | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $33,770,000 | $469,258,819 | $4,104,287 | $465,154,532 | 2015 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $325,929,759 | $2,521,713 | $323,408,046 | 2019 | 0 | 0 | Yes (1) | Yes (1) | ||
| C | $17,333,333 | $65,000,000 | $36,646 | Yes (1) | 0 | Yes (1) | Yes (1) | $64,963,354 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| C | 0 | Yes (1) | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Date Rebate Computation Performed | Issuer Name: Michigan Finance Authority Date the Rebate Computation was Performed: 01/26/2021 |
| Part I: Line I: Column F: | Bond A - Beaumont Health Series 2015A: To acquire assets of William Beaumont Hospital, Botsford General Hospital, and Oakwood Healthcare, Inc. Bond B - Beaumont Health Series 2016A: The proceeds of the bond were used for the financing or refinancing of the costs of acquiring, constructing, and renovating certain hospital and health facilities including, among other projects: emergency center expansion at Beaumont, Royal Oak, the master facility expansion and renovation plan at Beaumont, Farmington Hills, and the renovation of the 1st floor operating room at Beaumont, Troy. Bond C - Beaumont Health Series 2016B: To refund bonds issued 12/19/2012. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part IV, Line 10: | The Taxpayer is a member of a health system, the parent of which is Beaumont Health. During the year, Beaumont Health Foundation received funds from other entities in the System, of which a portion is attributable to restricted contributions. Please see the Form 990, Schedule D of Beaumont Health Foundation for information regarding this endowment fund. |
| Form 990, Part VI, Section A, line 2 | The following individuals have a business relationship because they are board members or shared officers of a taxable entity within the Beaumont Health System: John Fox John Kerndl Gerson Cooper John Nemes David Wood, MD |
| Form 990, Part VI, Section B, line 11b | Form 990 was subjected to a multi-step review process prior to filing with the government by the statutory due date. Form 990 is prepared by Beaumont Health Treasury Administration, reviewed by that department's management, and subsequently reviewed by the filing entity's paid preparer. As the final step in this review process, a copy of the final filing version of Form 990 is provided to each voting member of the filing entity's governing body for their review prior to the form being filed. |
| Form 990, Part VI, Section B, line 12c | Beaumont Health recognizes that it has an obligation to its patients, its payors, its designees, and the communities it serves to observe the highest level of integrity to ensure clinical, business and academic decision making is not compromised by financial or other relationships with industry. The Corporate Compliance Office, with the assistance of human resources and specific individual departments, will coordinate upon hire and each calendar year thereafter, a process of obtaining conflict of interest/disclosure of remuneration statements. All areas of the institution will follow the human resources hiring process protocol to assure compliance with the conflict of interest program. At any time when a designee becomes involved in a relationship that is or may be perceived to be a conflict of interest, the designee must complete the conflict of interest/disclosure of remuneration statement and forward to the Corporate Compliance Officer. A conflict of interest or need to disclose remuneration may exist if a Beaumont designee or any member of their immediate family received compensation in any form for services rendered in any capacity to any organization or individual that has any past, present, or prospective business dealings with Beaumont, if such compensation might be reasonably construed as tending to prevent the designee from acting solely and wholly in the best interest of Beaumont Health. |
| Form 990, Part VI, Section B, line 15 | Beaumont Health's Board of Director's has duly appointed an Organization and Compensation Committee (the Committee), which is responsible for the review and approval of compensation and benefits provided to Beaumont and its affiliated members' executive management teams. The Committee has adopted a written executive compensation philosophy statement governing the work and review process of the Committee. The Committee follows the procedures described in the philosophy statement when it reviews and approves the compensation and employee benefits provided to senior management, including the Chief Executive Officer and other officers. The Committee reviews all aspects of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The Committee meets four times a year and approves compensation and benefits only to the extent that the Committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The Committee consists of six members, all of whom are disinterested members of the Board of Directors. The Committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The Committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the Committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules. The Committee has expressly determined that the total compensation provided is reasonable, based on the review of the market data presented by the independent compensation consultant and on the review of all other relevant facts and circumstances. |
| Form 990, Part VI, Section C, line 19 | The Organization will provide any documents that are required to be open for public inspection to the public upon request. |
| Form 990, Part IX, Line 20: | Beaumont Health is a health system parent organization. The bonds issued for the System as a whole reside on the books of Beaumont Health and the Schedule K is reported here. However, the debt has been allocated to the members of the obligated group that have used the bond proceeds. The related principal and interest expense are paid by the obligated members and are reported as interest expense on their respective books. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Beaumont Medical Transportation Service | ||||||||||
| 950 W Maple Suite C | Troy | MI | 48084 | 260203703 | Medical Transportation Services | MI | 501(c)(3) | 10 | Beaumont Health | Yes (1) |
| Botsford Continuing Care Corporation | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 382549505 | Long Term Nursing Care | MI | 501(c)(3) | 10 | Botsford General Hospital | Yes (1) |
| Botsford General Hospital | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 381426919 | Hospital | MI | 501(c)(3) | 3 | Beaumont Health | Yes (1) |
| Community Emergency Medical Service Inc | ||||||||||
| 25400 W Eight Mile Road | Southfield | MI | 48033 | 382410823 | Emergency Medical Services | MI | 501(c)(3) | 10 | Botsford General Hospital | Yes (1) |
| Michigan Mobile PET Imaging | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 331086165 | Mobile PET Scanning | MI | 501(c)(3) | 12A, I | Oakwood Healthcare Inc | Yes (1) |
| Oakwood Healthcare Inc | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 381405141 | Hospital | MI | 501(c)(3) | 3 | Beaumont Health | Yes (1) |
| Oakwood United Hospitals Inc | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 382837961 | Facility Leasing | MI | 501(c)(3) | 12A, I | Oakwood Healthcare Inc | Yes (1) |
| Oakwood Home Care Services | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 382877338 | Home Health Services | MI | 501(c)(3) | 10 | Oakwood Healthcare Inc | Yes (1) |
| Oakwood Health Promotions Inc | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 382601965 | Assisted and Resident Care Facilities | MI | 501(c)(3) | 10 | Oakwood Healthcare Inc | Yes (1) |
| William Beaumont Hospital | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 381459362 | Hospital | MI | 501(c)(3) | 3 | Beaumont Health | Yes (1) |
| Beaumont Health Foundation | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 364852171 | Foundation | MI | 501(c)(3) | 7 | Beaumont Health | Yes (1) |
| Beaumont Medical Group-Hospital Based Services | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 822768899 | Physician Support Services | MI | 501(c)(3) | 10 | Beaumont Health | Yes (1) |
| Beaumont Medical Group-Primary Care Services | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 822796539 | Physician Support Services | MI | 501(c)(3) | 10 | Beaumont Health | Yes (1) |
| Beaumont Medical Group-Specialty Services | ||||||||||
| 26901 Beaumont Blvd | Southfield | MI | 48033 | 822784244 | Physician Support Services | MI | 501(c)(3) | 10 | Beaumont Health | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| Dearborn Schaeffer Office Company LLC | |||||||||
| One Town Square Suite 1600 | Southfield | MI | 48076 | 262448025 | Real Estate | MI | N/A | 0 | 0 |
| Oakmed LLC | |||||||||
| 1938 Woodslee Drive | Troy | MI | 48083 | 461459737 | Private Duty Nursing | MI | N/A | 0 | 0 |
| Beaumont Kidney Specialty Services LLC | |||||||||
| 26400 West Twelve Mile Road | Southfield | MI | 48034 | 262200439 | Dialysis Services | MI | N/A | 0 | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (6 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beaumont Indemnity Company Ltd | ||||||||||||||
| 23 Lime Tree Bay Avenue | Grand Cayman | Grand Cayman | CJ | 980512415 | Premium Deposits | CJ | N/A | C | Yes (1) | |||||
| Beaumont Nursing Home Services Inc | ||||||||||||||
| 382799842 | Assisted Care Living | N/A | C | Yes (1) | 26901 Beaumont Blvd | Southfield | MI | 48033 | MI | |||||
| Beaumont Physicians Insurance Company Inc | ||||||||||||||
| 274261262 | Professional Insurance | N/A | C | Yes (1) | 26901 Beaumont Blvd | Southfield | MI | 48033 | MI | |||||
| Botsford Commons Property Assocation | ||||||||||||||
| 383203663 | Property Management | N/A | C | Yes (1) | 26901 Beaumont Blvd | Southfield | MI | 48033 | MI | |||||
| Oakwood Affiliated Ventures Inc and Subsidiaries | ||||||||||||||
| 371753159 | Office of Physicians/Non-Residental | N/A | C | Yes (1) | 26901 Beaumont Blvd | Southfield | MI | 48033 | MI | |||||
| Parastar Emergency Systems Inc | ||||||||||||||
| 382755982 | Management Dispatch Services | N/A | C | Yes (1) | 26901 Beaumont Blvd | Southfield | MI | 48033 | MI | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Botsford General Hospital | ||
| R | $138,266,017 | FMV |
| Botsford General Hospital | ||
| D | $35,421,837 | FMV |
| Beaumont Health Foundation | ||
| S | $18,679,586 | FMV |
| Beaumont Medical Group-Hospital Based Services | ||
| S | $56,148,728 | FMV |
| Beaumont Medical Group-Primary Care Services | ||
| R | $3,608,931 | FMV |
| Beaumont Medical Group-Specialty Services | ||
| S | $79,187,802 | FMV |
| Oakwood Healthcare Inc | ||
| S | $1,240,787,144 | FMV |
| Oakwood Healthcare Inc | ||
| D | $59,646,399 | FMV |
| Oakwood Health Promotions Inc | ||
| D | $19,688,511 | FMV |
| William Beaumont Hospital | ||
| R | $1,133,577,489 | FMV |
| William Beaumont Hospital | ||
| D | $716,428,135 | FMV |
| Botsford Continuing Care Corporation | ||
| D | $8,223,320 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part V, Line 2: | FormAndLineReferenceDesc |
| Explanation | Beaumont Health is the parent organization of a multi-entity, multi-hospital health system that was formed as the result of the merger of three previously independent health systems. Beaumont Health provides support to its subsidiary organizations through governance, leadership, strategy, and certain corporate functions such as accounts payable (issuing payments and 1099's to suppliers on behalf of the entire system), payroll (issuing payments to employees of the System which are generally common law employees of subsidiaries), and Treasury oversight including the obtaining of tax-exempt bonds as well as taxable debt for the System. It does so by using pooled resources from the various corporate functions to provide these services for its supported organizations. Corporate shared services costs (includes revenue cycle, information technology, supply chain, coding and transcription, human resources, benefits, pension, accounting, payroll, accounts payable, treasury, legal, compliance, marketing, etc.) of Beaumont Health are allocated to each of the business entities they support and their subsidiaries. Beaumont Health's liquid assets are used for payments to suppliers for accounts payable liabilities and payments to employees for payroll liabilities funded by its subsidiary organizations. Inter-company receivable/payable accounts are used to offset the transfer of revenue, expenses, assets and liabilities from and to Beaumont Health and its subsidiary organizations. These due to and from affiliates receivables and payables are zeroed out to equity in Beaumont Health equity transfers between affiliates in net assets for both Beaumont Health and the subsidiary organizations. | ExplanationTxt |