2026-05-14T19:09:26-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2024-07-01 510319455 BEEBE MEDICAL FOUNDATION BEEB 3026442900 902 SAVANNAH ROAD LEWES DE 19958 RYAN KENNEDY TREASURER/BMC CFO 3026442900 2026-05-14 1 1 ALYCIA SOLECKI P01272637 2155614200 2024 2025-03-06 01:10:19Z DAVID TAM MD 902 SAVANNAH ROAD LEWES DE 19958 11843475 0 X WWW.BEEBEFOUNDATION.ORG X 1989 DE SEE SCHEDULE OTHE MISSION OF BEEBE MEDICAL FOUNDATION IS TO IDENTIFY AND SECURE PHILANTHROPHIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY. 16 12 0 8 0 0 11374753 10134408 0 0 675335 880148 509150 335166 12559238 11349722 7321329 6435875 0 0 1544193 1642923 0 0 1757825 438335 446856 9303857 8525654 3255381 2824068 41613263 46581717 370971 473243 41242292 46108474 X THE MISSION OF BEEBE MEDICAL FOUNDATION IS TO IDENTIFY AND SECURE PHILANTHROPIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY FOR THE VARIOUS BUILDING PROGRAMS AND SERVICES PROVIDED BY BEEBE HEALTHCARE, INC. 0 0 6435875 6435875 SEE SCHEDULE O 6435875 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 7 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 16 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CT DC FL MD NJ NY PA VA X JUSTEN ALBRIGHT 3026442900 902 SAVANNAH ROAD LEWES DE 19958 DAVID TAM MD DIRECTOR/BMC PRESIDENT & CEO 1.00 43.00 X X 0 1493089 48021 RYAN KENNEDY TREASURER/BMC CFO 1.00 43.00 X X 0 230105 15065 THOMAS PROTACK PRESIDENT BMF (THRU 09/24) 40.00 0.00 X X 314843 0 16418 KHALIL SALIBA CHAIR 1.00 0.00 X X 0 0 0 CHRISTIAN HUDSON CHAIR (THRU OCT 2024) 1.00 0.00 X X 0 0 0 KATIE JOHNSON VICE CHAIR/BMC PHYSICIAN 1.00 0.00 X X 0 297238 32924 CHARLES BURTON VICE CHAIR (THRU OCT 2024) 1.00 0.00 X X 0 0 0 ANN RASKAUSKAS SECRETARY 1.00 0.00 X X 0 0 0 CINDY SZABO SECRETARY (THRU OCT 2024) 1.00 0.00 X X 0 0 0 STEVE QUIRICONI SEE SCH J TRESURER/BMC INTERIM CFO 1.00 43.00 X X 0 0 0 JASON ABELA DIRECTOR (EX-OFFICIO CHAIR, BOA) 1.00 0.00 X 0 0 0 JACK BERBERIAN DIRECTOR (THRU OCT 2024) 1.00 0.00 X 0 0 0 JENNIFER CARROLL DIRECTOR 1.00 0.00 X 0 0 0 ADAM DISABATINO DIRECTOR (BEG MAY 2024) 1.00 0.00 X 0 0 0 SEN GERALD HOCKER DIRECTOR 1.00 0.00 X 0 0 0 LYNN KOKJOHN DIRECTOR (THRU OCT 2024) 1.00 0.00 X 0 0 0 ALAN LEVIN DIRECTOR 1.00 0.00 X 0 0 0 KEITH PARSELL DIRECTOR 1.00 0.00 X 0 0 0 LEANNE PROSSER DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SOKOLOV DIRECTOR 1.00 0.00 X 0 0 0 PAUL TOWNSEND DIRECTOR 1.00 0.00 X 0 0 0 BRADLEY L TRAVIS JR DIRECTOR 1.00 0.00 X 0 0 0 MINDI TUNNELL DIRECTOR (THRU OCT 2024) 1.00 0.00 X 0 0 0 TED BECKER EMERITUS MEMBER (THRU OCT 2024) 1.00 0.00 X 0 0 0 MICHAEL MEOLI EX-OFFICIO MEMBER 1.00 0.00 X 0 0 0 ALICIA YOUNG EXECUTIVE DIRECTOR - FOUNDATION 40.00 0.00 X 171985 0 15294 486828 2020432 127722 2 0 1 0 0 298169 1642922 734144 7459173 1076114 10134408 880148 880148 769181 298169 493753 275428 275428 TRUST INCOME 900099 59738 59738 59738 11349722 0 0 1215314 6357837 6357837 78038 78038 578598 104148 474450 691561 77110 614451 372764 45353 327411 42531 42531 225221 18573 206648 41595 9464 32131 39975 29675 10300 9661 25 9636 6761 4887 1874 188 188 STEWARDSHIP & CULT. 80924 80924 8525654 6435875 331954 1757825 5072876 6129118 7488830 6735347 9542 43550 69050 68108 1130 942 27409320 31848223 1631565 1824537 0 0 0 0 41613263 46581717 370971 378908 0 94335 0 0 370971 473243 X 8887160 10879477 32355132 35228997 41242292 46108474 41613263 46581717 2824068 2042114 0 X 0 1 X 1 0 X X 1 BEEBE MEDICAL CENTER INC 510067938 3 1 6355608 0 1 6355608 0 5178486 9272015 13348193 11374753 10134407 49307854 5178486 9272015 13348193 11374753 10134407 49307854 11150761 38157093 369561 355824 395958 675335 880148 2676826 647655 1127955 953015 1191558 828917 4749100 56733780 0.67260 0.66620 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16693446 6560448 2199800 520035 7279 24926380 15072100 188407 1928171 491541 3691 16693446 13636047 102809 1791418 458174 15072100 15154093 408799 -1583347 343498 13636047 11151747 426602 3881526 305782 15154093 0.28700 0.47300 0.24000 0 0 69050 68108 942 942 X PART X, LINE 2: FIN 48 (ASC 740) THE SYSTEM HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: ANNUAL DISTRIBUTION OF 3.5% OF TRAILING 12 QUARTER MARKET VALUE TO PURCHASE EQUIPMENT, FUND SCHOLARSHIPS AND SUPPORT MEDICAL CENTER SERVICES AND PROGRAMS. BEEBE BASH 241938 73419 168519 2500 101601 5550 39498 BEEBE BALL 265000 104600 160400 2000 105573 6000 54781 7 560412 120150 440262 1500 58232 0 116518 1067350 298169 769181 6000 265406 11550 210797 493753 275428 1 BEEBE MEDICAL CENTER 424 SAVANNAH ROAD LEWES DE 19958 510067938 501( C)(3) 6355608 0 GENERAL SUPPORT FOR OPERATIONS, CAPITAL & SPECIAL NEEDS 1 BEEBE SCHOOL OF NURSING SCHOLARSHIPS 27 70100 SCHOLARSHIPS & AWARDS BEEBE SCHOOL OF NURSING EXAM FEES 18 7200 NCLEX FEES PART I, LINE 2: GRANTS TO BEEBE MEDICAL CENTER, INC. DONATIONS RECEIVED THAT ARE RESTRICTED FOR A SPECIFIC PURPOSE ARE RECORDED IN TEMPORARILY RESTRICTED FUND ACCOUNTS FOR THAT PURPOSE. MEDICAL CENTER DEPARTMENT DIRECTORS REQUEST FUNDS FOR EQUIPMENT AND SERVICES. REQUESTS ARE APPROVED BY THE VICE PRESIDENTS AND PRESIDENT/CEO AND ARE SUBMITTED TO THE FOUNDATION BOARD OF DIRECTORS FOR APPROVAL TO DISBURSE. EQUIPMENT, DIAGNOSTIC SERVICES AND PROGRAMS ARE PAID BY BEEBE MEDICAL CENTER AND BILLED TO THE FOUNDATION FOR REIMBURSEMENT. NURSING SCHOLARSHIPS ARE AWARDED ANNUALLY FROM RESTRICTED DONATIONS, TRUST INCOME AND ENDOWMENT SPENDING ALLOCATIONS. BEEBE SCHOOL OF NURSING HAS SCHOLARSHIP CRITERIA BASED ON MERIT OR FINANCIAL NEED OF STUDENTS. A SELECTION COMMITTEE REVIEWS APPLICATIONS AND AWARDS SCHOLARSHIP AMOUNTS TO STUDENTS BASED ON MEETING THE CRITERIA AND THE AMOUNT OF FUNDS AVAILABLE. 1 0 0 0 0 0 0 1 0 DAVID TAM MD DIRECTOR/BMC PRESIDENT & CEO 0 882940 0 385000 0 225149 0 11500 0 36521 0 1541110 0 0 THOMAS PROTACK PRESIDENT BMF (THRU 09/24) 186295 0 27500 0 101048 0 6246 0 10172 0 331261 0 0 0 KATIE JOHNSON VICE CHAIR/BMC PHYSICIAN 0 249876 0 47000 0 362 0 5190 0 27734 0 330162 0 0 RYAN KENNEDY TREASURER/BMC CFO 0 199633 0 0 0 30472 0 720 0 14345 0 245170 0 0 ALICIA YOUNG EXECUTIVE DIRECTOR - FOUNDATION 150268 0 20872 0 845 0 3752 0 11542 0 187279 0 0 0 PART I, LINE 3 DURING JUNE 30, 2025 FISCAL YEAR, THE COMPENSATION COMMITTEE OF BEEBE MEDICAL CENTER INC. (BMC), THE SOLE MEMBER OF THE FILING ORGANIZATION, APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR/CEO. AS SUCH, THE FOLLOWING WAS USED TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE COMPENSATION FROM THE FILING ORGANIZATION DURING THE 2024 CALENDAR YEAR: THOMAS PROTACK: $58,173 PART I, LINE 7 EXECUTIVES AND MANAGEMENT TEAM MEMBERS ARE ELIGIBLE FOR BONUSES IF THEY MEET SPECIFIC ORGANIZATIONAL OBJECTIVES INCLUDING QUALITY AND SAFETY ISSUES, PATIENT SATISFACTION SCORES, AND CERTAIN FINANCIAL GOALS. FOR VICE PRESIDENTS, 80% OF THEIR ELIGIBLE INCENTIVE IS BASED UPON ORGANIZATION-WIDE GOALS AND 20% IS BASED UPON INDIVIDUAL GOALS. FOR THE CEO, 100% OF THE ELIGIBLE INCENTIVE IS BASED UPON ORGANIZATION - WIDE OR TEAM GOALS. CERTAIN PHYSICIANS ARE ELIGIBLE FOR AN INCENTIVE BASED ON THE PHYSICIAN'S INDIVIDUAL PRACTICE NUMBER OF WORKED RVUS. FORM 990, PART VII - STEVE QUIRICONI EFFECTIVE APRIL 2023, STEVE QUIRICONI BECAME THE INTERIM CHIEF FINANCIAL OFFICER FOR BEEBE MEDICAL CENTER. QUIRICONI WAS PAID THROUGH WITT KIEFFER, AN INDEPENDENT CONSULTING FIRM. DURING CALENDAR YEAR 2024, $595,715 WAS PAID TO WITT KIEFFER FOR SERVICES PROVIDED TO THE ORGANIZATION THAT INCLUDED QUIRICONI'S COMPENSATION AS INTERIM CFO. QUIRICONI'S SERVICES TERMINATED AUGUST 2024. X 8 1048003 SELLING PRICE X AUCTION ITEMS 49 28111 COST 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 4A BEEBE MEDICAL FOUNDATION FUNDED CAPITAL EQUIPMENT PURCHASES FOR BEEBE MEDICAL CENTER AS FOLLOWS: $1,020,470 SHAW BUILDING RENOVATIONS, $913,445 LONG NECK RESIDENCY CLINIC CONSTRUCTION, $532,865 LEWES CAMPUS RENOVATIONS AND CAPITAL EQUIPMENT, $300,000 CATH LAB RENOVATIONS, $271,487 SCHOOL OF NURSING, $197,256 CENTER FOR MEDICAL EDUCATION EQUIPMENT & SIMULATORS, AND $4,500 FOR ONCOLOGY EQUIPMENT. BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR OPERATION EXPENSES PAID BY BEEBE MEDICAL CENTER AS FOLLOWS: $734,144 DSAHM GRANT, $1,684,598 ARPA GRANT, $317,564 HRSA GRANT, $11,045 DEMA GRANT; $54,044 POPULATION HEALTH, $109,618 SCHOOL OF NURSING, $108,779 OTHER. BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR PROGRAMS MANAGED BY BEEBE MEDICAL CENTER AS FOLLOWS: $83,935 TUNNELL CANCER CENTER AND POPULATION HEALTH SPECIAL NEEDS FUND. OTHER EXPENSES OF $77,300 FOR SCHOOL OF NURSING & BMC SCHOLARSHIPS; INCLUDING GRANTS OF $14,825 FORM 990, PART VI, SECTION A, LINE 6 BEEBE MEDICAL CENTER IS THE SOLE MEMBER OF BEEBE MEDICAL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A BEEBE MEDICAL CENTER, INC. HAS THE POWER TO APPROVE THE ELECTION OF ANY DIRECTOR OF THE FOUNDATION AND AT LEAST A SIMPLE MAJORITY OF THE FOUNDATION'S BOARD MUST ALSO SERVE ON THE BOARD OF BEEBE MEDICAL CENTER, INC. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS REQUIRE THE APPROVAL OF BEEBE MEDICAL CENTER, INC.: (1) ANY AMENDMENT OF THE FOUNDATION'S CHARTER, CERTIFICATE OF INCORPORATION, OR BYLAWS; (2) ELECTION OR REMOVAL OF ANY DIRECTOR, INCLUDING REPLACEMENT OF DIRECTORS IN THE EVENT OF A VACANCY; (3) ANY SALE OR LEASE OF FOUNDATION PROPERTY THAT HAS BEEN DONATED; (4) ANY BORROWING ON BEHALF OF THE FOUNDATION; AND (5) DISSOLUTION OF BEEBE MEDICAL FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INTERNALLY BY MANAGEMENT OF BEEBE MEDICAL CENTER, INC. THE RETURN IS REVIEWED BY A THIRD PARTY ACCOUNTING FIRM, GRANT THORNTON LLP. A COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C BEEBE MEDICAL FOUNDATION ADOPTED THE FORMAL WRITTEN CONFLICT OF INTEREST POLICY OF BEEBE MEDICAL CENTER, INC. CONFLICT OF INTEREST STATEMENTS ARE REQUIRED ANNUALLY FOR ALL BOARD MEMBERS, EXECUTIVES AND ALL MANAGEMENT TEAM MEMBERS. NON-MANAGEMENT TEAM MEMBERS ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT UPON HIRE. CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE BOARD AND AUDIT COMMITTEE FOR THE EXISTENCE OF ANY ADVERSE INTEREST. IF ANY CONFLICT ARISES THE INTERESTED PARTY IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF BEEBE MEDICAL CENTER INC. (BMC), THE SOLE MEMBER OF THE FILING ORGANIZATION, GOVERNS AND CONTROLS EXECUTIVE COMPENSATION. PAY IS DETERMINED BY COMPARING LIKE POSITIONS TO OTHER TAX-EXEMPT HEALTH SYSTEMS SIMILAR TO BEEBE MEDICAL CENTER IN SIZE AND COMPLEXITY LOCATED REGIONALLY AND THROUGHOUT THE UNITED STATES. PAY IS POSITIONED AT A RANGE AROUND THE 50TH PERCENTILE OF BEEBE MEDICAL CENTER'S PEER GROUP, ON A NATIONAL BASIS. THE COMPENSATION COMMITTEE UTILIZES A CONSULTANT FOR EXECUTIVE COMPENSATION ADVICE. MINUTES OF THE MEETINGS ARE MAINTAINED TO DOCUMENT DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. BEEBE MEDICAL CENTER INC 424 SAVANNAH ROAD LEWES DE 19958 510067938 HEALTHCARE DE 501(C)(3) LINE 3 N/A 0 BEEBE PHYSICIAN NETWORK PO BOX 760 LEWES DE 19958 522011066 PHYS SERVICES DE 501(C)(3) LINE 9 BEEBE MED CENTER 0 BEEBE HEALTHCARE INC 424 SAVANNAH ROAD LEWES DE 19958 931478145 HEALTHCARE DE 501(C)(3) LINE 12B, II BEEBE MED CENTER 0 PERPETUAL TRUST INVESTMENT DE T 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0