Gbmc Foundation Inc
Nonprofit profile at a glance
- EIN
- 521411935
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Baltimore, MD, USA
- Phone
- 4438492000
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- JOHN B CHESSARE MD (DIRECTOR/CEO GBMC HEALTHCARE)
- JENNY COLDIRON (SENIOR VICE PRESIDENT OF DEVELOPMENT AND MARKETING)
- DON SCOTT (DIRECTOR/PRESIDENT OF GBMC VOLUNTEER AUXILLARY)
Highest reported compensation
- JOHN B CHESSARE MD (DIRECTOR/CEO GBMC HEALTHCARE): $1,172,384 total reported compensation
- LAURIE R BEYER (EVP & CFO GBMC HEALTHCARE): $815,423 total reported compensation
- EMILY WATTERS MD (DIRECTOR): $626,658 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation is organized and operated exclusively as a nonprofit charitable organization, within the meaning of section 501(c)(3) of the internal revenue code, to raise, receive, and administer funds for the benefit of gbmc healthcare, inc.
What it reported doing in 2024
The foundation is organized and operated exclusively as a nonprofit charitable organization within the meaning of section 501(c)(3) of the internal revenue code. Its purpose is (1) to raise, receive and administer funds for the benefit of, or to carry out and assist in the charitable, education, health care and other purpose and functions of gbmc healthcare, inc. And greater baltimore medical center, inc., organizations described under section 501(c)(3) and exempt from tax under section 501(a) of the code; (2) to have and exercise to the extent necessary or desirable for the accomplishment of any of the charitable purposes of the foundation and imposed by section 501(c)(3) of the code, any and all powers conferred upon corporations by the Maryland general corporation laws.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 48
- Accountability: 77
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 2nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 77.3%; rating input score 77; 24th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -46.2% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -25.8% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: -21.2% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 22 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1.2M · 23 people listed · 0 of 6 pay-setting controls reported
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 17 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.