2019-05-14T14:08:54-05:00 2018-06-30 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2017-07-01 521388935 SHEPPARD PRATT INVESTMENT INC SHEP 4109383344 PO BOX 6815 BALTIMORE MD 21285 ARMANDO E COLOMBO EXECUTIVE VP & CHIEF OP. OFFICER 4109383344 2019-05-10 1 LORI S BURGHAUSER P00370694 4104031500 2019-05-10 50.206.141.66 2019-05-10 12:45:40 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D598169B7B70477E3779F4FD99F3BFF6A447919F 2017 2019-02-21 02:37:17Z ARMANDO E COLOMBO PO BOX 6815 BALTIMORE MD 21285 29376163 0 X N/A X 1985 MD TO HOLD AND MANAGE ENDOWMENT FUNDS OF RELATED NONPROFIT ENTITIES. 7 7 0 10 -560854 -75917 0 0 0 0 751221 6398104 -103123 -589912 648098 5808192 0 0 0 0 0 0 0 0 0 771366 587051 771366 587051 -123268 5221141 148100401 140832087 17459120 6512646 130641281 134319441 TO FULFILL THE GOALS AND OBJECTIVES OF SHEPPARD PRATT HEALTH SYSTEM THROUGH THE MANAGEMENT AND INVESTMENT OF FUNDS OF SHEPPARD AND ENOCH PRATT FOUNDATION, INC. AND ITS RELATED ORGANIZATIONS INCLUDING THE MANAGEMENT AND INVESTMENT OF ITS ENDOWMENT. 0 0 0 0 0 HOLD AND MANAGE ENDOWMENT FUNDS OF RELATED NONPROFIT ENTITIES 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X DONNA CORBETT 4109383344 6501 N CHARLES ST TOWSON MD 21204 WYATT LEE CHAIRPERSON 1.00 0.00 X X 0 0 0 JAMES HANNAN VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 MARGARET ALLEN TRUSTEE 1.00 0.00 X 0 0 0 THOMAS BONVISSUTO TRUSTEE 1.00 0.00 X 0 0 0 CHARLES COLE TRUSTEE 1.00 0.00 X 0 0 0 SUSAN FENIMORE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT SCHAFTEL TRUSTEE 1.00 0.00 X 0 0 0 HARSH TRIVEDI MD PRESIDENT & CEO 1.00 44.00 X 0 841500 139909 RAY R DZIESINSKI VP, CFO & SECRETARY/TREASURER 1.00 44.00 X 0 380005 53820 TIMOTHY M GREINER ASSISTANT SECRETARY 1.00 44.00 X 0 107830 20995 GERALD A NOLL FORMER TREASURER 1.00 44.00 X 0 216374 57225 0 1545709 271949 0 1 1 0 MARATHON ASSET MANAGEMENT 118 NORTH BEDFORD ROAD SUITE 202 MT KISCO NY 10549 INVESTMENT MANAGER 160251 PRIME BUCHHOLZ & ASSOCIATES INC 273 CORPORATE DRIVE SUITE 250 PORTSMOUTH NH 03801 INVESTMENT CONSULTANT 157515 STATE STREET CORPORATION 1 LINCOLN STREET BOSTON MA 02111 FUNDS CUSTODIAN 133603 GARDNER RUSSO & GARDNER LLC 223 EAST CHESTNUT STREET LANCASTER PA 17602 INVESTMENT MANAGER 127299 4 3991584 -74917 4066501 19805 493163 -473358 -473358 -485937 12579 25481328 23074808 2406520 2406520 2406520 INTERCORPORATE INTEREST INCOME 900099 164069 164069 TAX EXEMPT JV INCOME 900099 -280623 -280623 -116554 5808192 0 -560854 6369046 558428 558428 OTHER TAX EXPENSE 28623 28623 587051 0 587051 0 1169604 1603158 1877631 1745866 3240154 156015 15908001 3084139 84180743 86650649 41461901 44140764 3502521 3607511 148100401 140832087 272158 297941 17186962 6214705 17459120 6512646 X 130641281 134319441 130641281 134319441 148100401 140832087 X 5221141 2830587 -4373568 X X 0 1 X 1 0 X X 1 SHEPPARD PRATT HEALTH SYSTEM INC 520591684 3 1 4373568 0 1 4373568 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION B, LINE 1 THE SOLE MEMBER, SHEPPARD AND ENOCH PRATT FOUNDATION, INC. SHALL ELECT THE BOARD OF TRUSTEES OF THE SUPPORTING ORGANIZATION, SHEPPARD PRATT INVESTMENT, INC. SHEPPARD AND ENOCH PRATT FOUNDATION, INC. SHALL ALSO ELECT THE BOARD OF TRUSTEES FOR THE SUPPORTED ORGANIZATION, SHEPPARD PRATT HEALTH SYSTEM, INC. AND BE ITS SOLE MEMBER. SHEPPARD AND ENOCH PRATT FOUNDATION, INC. CONTROLS BOTH THE SUPPORTING AND SUPPORTED ORGANIZATION. THIS ENSURES THAT THE SUPPORTING ORGANIZATION IS RESPONSIVE TO THE NEEDS OF THE SUPPORTED ORGANIZATION. 130641281 8051729 4373568 134319442 118875925 15968980 4203624 130641281 123740463 -1554463 3310075 118875925 124995600 1576863 2832000 123740463 110101457 17738143 2844000 124995600 1.00000 0.00000 0.00000 0 0 3022786 3022786 217368 156015 61353 3084139 INVESTMENTS IN PARTNERSHIPS/HEDGE FUNDS 44140764 F 44140764 DUE TO AFFILIATES 6214705 6214705 8051729 2830588 2830588 5221141 558428 28623 587051 5808192 0 0 0 558428 28623 587051 587051 PART V, LINE 4: THE ORGANIZATION USES THE ENDOWMENT FUNDS TO SUPPORT THE SHEPPARD PRATT HEALTH SYSTEM. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAX EXPENSE NETTED TOGETHER WITH REVENUE ON FINANCIAL STATEMENTS 28,623. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX EXPENSE NETTED TOGETHER WITH REVENUE ON FINANCIAL STATEMENTS 28,623. PART XIII PARTS XI AND XII RECONCILE TO SEPARATE COMPANY FINANCIAL STATEMENTS OF SHEPPARD PRATT INVESTMENT, INC. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7853336 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 28071 0 0 0 0 0 0 7881407 0 7881407 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 HARSH TRIVEDI MD PRESIDENT & CEO 0 838277 0 0 0 3223 0 109275 0 30634 0 981409 0 0 RAY R DZIESINSKI VP, CFO & SECRETARY/TREASURER 0 376038 0 0 0 3967 0 36899 0 16921 0 433825 0 0 GERALD A NOLL FORMER TREASURER 0 214049 0 0 0 2325 0 34564 0 22661 0 273599 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES, ALL COMPENSATION TO OFFICERS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, SHEPPARD PRATT HEALTH SYSTEM, INC. THE RELATED ENTITY CHECKED THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B DURING CALENDAR YEAR 2017, THE FOLLOWING OFFICERS PARTICIPATED IN SHEPPARD PRATT'S 457(F) PLAN: HARSH K. TRIVEDI $100,000 RAY R. DZIESINKI $25,000 GERALD A. NOLL $21,314 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A WHOLLY-OWNED SUBSIDIARY OF THE SHEPPARD AND ENOCH PRATT FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A SHEPPARD AND ENOCH PRATT FOUNDATION, INC. HOLDS RESERVED RIGHTS WHICH INCLUDE THE POWERS TO APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B SHEPPARD AND ENOCH PRATT FOUNDATION, INC. HOLDS RESERVED RIGHTS WHICH INCLUDE THE POWERS TO APPOINT AND REMOVE BOARD MEMBERS. THE FOUNDATION ALSO HOLDS THE RIGHT TO APPROVE CERTAIN SELECT TRANSACTIONS OF ITS SUBSIDIARIES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 AT THE APRIL MEETING. FOLLOWING FINANCE COMMITTEE REVIEW OF THE FORM 990, THE FORM 990 IS POSTED TO THE SHEPPARD PRATT WEBSITE PORTAL FOR THE BOARD OF DIRECTORS REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO ORALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AT EACH MEETING. IF THERE IS A CONFLICT OF INTEREST, THE MEMBER IS REQUIRED TO DISQUALIFY HIM OR HERSELF FROM ANY FURTHER DISCUSSION ON THE MATTER. THE CHAIRPERSON WILL SELECT A DISINTERESTED PERSON TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION THAT POSES THE POTENTIAL CONFLICT. IF AFTER EXERCISING DUE DILIGENCE THE BOARD DETERMINES THAT ITS UNABLE TO SECURE A MORE ADVANTAGEOUS TRANSACTION WITH AN ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE WHETHER OR NOT TO ENTER INTO THIS TRANSACTION, IF IT IS IN THE BEST INTEREST OF THE ORGANIZATION. THE ORGANIZATION REQUIRES ALL TRUSTEES AND KEY EXECUTIVE PERSONNEL TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE CFO WHO SUMMARIZES THE REPORTED CONFLICTS. THIS INFORMATION IS THEN PRESENTED TO THE CEO AND THE CHAIRMAN OF THE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 SALARIES OF THE CEO AND TOP MANAGEMENT ARE REVIEWED BY THE EMPLOYEE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THIS COMMITTEE IS COMPRISED OF INDEPENDENT TRUSTEES. THE TRUSTEES REVIEW COMPENSATION FOR REASONABLENESS. THEY USE COMPARATIVE INDUSTRY DATA AND FORM 990S OF OTHER ORGANIZATIONS IN THEIR REVIEW PROCESS. THE PROCESS FOR EMPLOYEE COMPENSATION INCLUDES DEVELOPMENT OF COMPENSATION RECOMMENDATIONS BASED ON MARKET SURVEYS AND OTHER COMPARATIVE INDUSTRY DATA AS WELL AS WRITTEN EMPLOYMENT CONTRACTS. THE SALARY INFORMATION FOR THIS GROUP IS OBTAINED BY A CONSULTANT THAT IS EMPLOYED BY THE EXECUTIVE COMPENSATION COMMITTEE. THIS CONSULTANT USES CURRENT MARKET COMPENSATION SURVEYS AND OTHER COMPARATIVE INDUSTRY DATA TO MAKE RECOMMENDATIONS. THE RECOMMENDATIONS ARE THEN PRESENTED TO THE EXECUTIVE COMPENSATION COMMITTEE FOR APPROVAL. THE EXECUTIVE COMPENSATION COMMITTEE REPORTS THAT COMPENSATION WAS APPROVED BY THE FULL BOARD. THE ORGANIZATION DOES NOT PAY ANY EMPLOYEES DIRECTLY, INSTEAD THEY ARE COMPENSATED BY A RELATED ORGANIZATION. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND OTHER POLICIES INCLUDING THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO AFFILIATES -4,373,568. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SHEPPARD PRATT PHYSICIANS PA PO BOX 6815 BALTIMORE MD 21285 521392214 PROVIDE HEALTHCARE TO PATIENTS & RESIDENCY TRAINING TO MEDICAL PROF. MD 501(C)(3) 10 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 SHEPPARD PRATT HEALTH SYSTEM INC PO BOX 6815 BALTIMORE MD 21285 520591684 PROVIDES INPATIENT/OUTPATIENT CARE, EDUC. SVCS & RESID. SVCS MD 501(C)(3) 3 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 SHEPPARD AND ENOCH PRATT FOUNDATION INC PO BOX 6815 BALTIMORE MD 21285 521357109 CONDUCT FUNDRAISING ACTIVITIES TO SUPPORT AFFILIATED ORGANIZATIONS MD 501(C)(3) 7 N/A 0 REVISIONS COMMUNITY HOUSING DEVELOPMENT ORGANIZATION INC 1925 GREENSPRING DRIVE TIMONIUM MD 21093 521849336 PROVIDE AFFORDABLE HOUSING TO CHRONICALLY MENTALLY DISABLED INDIVIDUALS MD 501(C)(3) 10 MOSAIC COMMUNITY SERVICES INC 0 MOSAIC COMMUNITY SERVICES INC 1925 GREENSPRING DRIVE TIMONIUM MD 21093 521338141 PROVIDES THERAPEUTIC RESIDENTIAL, REHAB., & SUPPORT SERVICES MD 501(C)(3) 7 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 FAMILY SERVICES INC 610 EAST DIAMOND AVE GAITHERSBURG MD 20877 520730225 FOSTER HEALTHY FAMILIES THROUGH EDUCATION, BEHAVIORAL HEALTH SERVICES MD 501(C)(3) 7 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 DULANEY STATION COMMUNITY HOUSING DEVELOPMENT ORGANIZATION INC 1925 GREENSPRING DRIVE TIMONIUM MD 21093 020650286 CREATES AFFORDABLE HOUSING FOR LOW INCOME ADULTS W/ PSYCHIATRIC DISABILITIES MD 501(C)(3) 10 MOSAIC COMMUNITY SERVICES INC 0 ALLIANCE INC 8003 CORPORATE DRIVE NOTTINGHAM MD 21236 521277262 OFFER EDUC., VOC., & RESID SVCS FOR INDIVIDUALS WITH DISABILITIES MD 501(C)(3) 7 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 WAY STATION INC PO BOX 3826 FREDERICK MD 21705 521162749 PROVIDES REHABILITATION AND TREATMENT SERVICES MD 501(C)(3) 7 SHEPPARD AND ENOCH PRATT FOUNDATION INC 0 WAY STATION FOUNDATION 230 W PATRICK ST PO BOX 3826 FREDERICK MD 21705 521857765 SOLICIT AND ACCEPT FUNDS AND PROPERTY TO SUPPORT AFFILIATED ORGANIZATIONS MD 501(C)(3) 7 WAY STATION INC 0 SHEPPARD PRATT PREFERRED RESOURCES INC 6501 N CHARLES STREET TOWSON MD 21204 521757742 INACTIVE MD N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SHEPPARD PRATT HEALTH SYSTEM INC B 4373568 FMV SHEPPARD PRATT HEALTH SYSTEM INC D 2633998 FMV SHEPPARD AND ENOCH PRATT FOUNDATION INC R 12637742 COST