2024-08-15T16:41:09+00:00 2023-09-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2022-10-01 814028690 JMC MSNY Ventures Inc JMCM 5612632234 1210 S Old Dixie Highway Jupiter FL 33458 MICHAEL LOFTUS OFFICER 5612632234 2024-08-15 true Brittney Kocaj P01320603 9542028600 2022 2024-08-08 14:25:15Z AMIT RASTOGI MD MHCM - PRESIDENT & CEO 1210 S Old Dixie Highway Jupiter FL 33458 0 false X www.jupitermed.com X 2016 FL JMC MSNY Ventures operates to support and benefit Jupiter Medical Center, Inc. 3 0 0 0 0 0 201888 0 0 0 0 0 0 0 201888 0 0 0 0 0 0 0 0 0 201888 207945 201888 207945 0 -207945 1065196 860585 1065196 860585 0 0 JMC MSNY Ventures operates to support and benefit Jupiter Medical Center, Inc. false false 207945 0 0 JMC MSNY Ventures operates to support and benefit Jupiter Medical Center, Inc. JMC MSNY Ventures currently holds the lease on a Jupiter Medical Center sign located on a building. 207945 true false false false false false false false true false false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 3 0 true false false false true true true true false false false true true true true true true false false false X Michael Loftus 5612632234 1210 South Old Dixie Highway Jupiter FL 33458 Amit Rastogi MD MHCM JMC President 1.0 48.0 X X 0 1477906 250527 DALE HOCKING CPA JMC CFO / TREASURER (thru April 2023) 1.0 45.0 X X 0 427414 48978 MICHAEL LOFTUS JMC SVP & CFO (beginning April 2023) 1.0 45.0 X X 0 0 0 Steven Seeley MSN CENP CEN CPHQ President 1.0 48.0 X X 0 583805 103722 0 2489125 403227 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 207945 207945 0 0 0 0 207945 207945 0 0 0 0 0 0 0 0 0 0 0 0 1065196 860585 1065196 860585 0 0 1065196 860585 1065196 860585 X 0 0 0 0 0 0 1065196 860585 X -207945 207945 X false true X true false X X 1 Jupiter Medical Center Inc 591460239 3 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 12160996 2100000 1423440 0 2069965 0 13614471 17428534 2050221 -2466759 0 4851000 0 12160996 12694499 2077774 2744398 0 88137 0 17428534 12623598 91538 746964 0 767601 0 12694499 12530999 0 232599 0 140000 0 12623598 0.0 1.0 0.0 false true true Operating lease on building sign 860585 860585 Operating lease on building sign 860585 860585 X Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are held by Jupiter Medical Center Foundation, Inc. (a related organization). The funds are held to support healthcare services for those in greatest need and for future physical plant and equipment expenditures to expand services offered. The funds are intended to support the programs and mission of Jupiter Medical Center, Inc. and affiliates. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote JMC MSNY Ventures, Inc. is included in consolidated financial statements. Below is the text of the FIN 48 footnote from those financial statements. The Internal Revenue Service has determined that the Hospital, the Pavilion Insurance, the Foundation, the Physician Group, and Jupiter Health Outpatient Services, Inc. are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (IRC). JMC Specialty Group, Inc. is a taxable corporation that files federal and Florida income tax returns. Income taxes related to JMC Specialty Group, Inc. is not material to Jupiter Health. Income earned in furtherance of Jupiter Health's tax-exempt purpose is exempt from federal and state income taxes. The IRC provides for taxation of unrelated business income under certain circumstances. Jupiter Health has no material unrelated business income; however, such status is subject to final determination upon examination of the related income tax returns by the appropriate taxing authority. Under ASC Subtopic 740, Income Taxes, Jupiter Health must recognize the tax benefit from an uncertain tax position only if it is "more-likely-than-not" that the tax position will be sustained on examination by the applicable taxing authorities based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. ASC Subtopic 740-10, also provides guidance of derecognition, classification, interest and penalties on income taxes and accounting in interim periods and requires increased disclosure. There were no uncertain tax positions identified as of September 30, 2023 and 2022. Jupiter Health does not expect the total amount of unrecognized tax benefits to significantly change in the next twelve months. Tax returns filed by Jupiter Health are subject to examination by the Internal Revenue Service (IRS) up to three years from the date the return was filed. Jupiter Health recognizes interest and/or penalties related to income tax matters in income tax expense. Jupiter Health did not have any amounts accrued for interest and penalties at September 30, 2023 and 2022. Tax returns filed by Jupiter Health and its affiliated companies are no longer subject to examination for the years ended September 30, 2019 and prior. Jupiter Health has a 100% investment interest in an ambulatory surgery center at September 30, 2023, which may be deemed to operate in a for-profit manner. However, Jupiter Health believes, through its membership agreement, it has documentation to support the interest in this investment by the Hospital causing it to be related to its exempt purpose. As a result, Jupiter Health has not recorded income taxes payable or an income tax provision relating to the income from this investment. There are no significant deferred income tax assets or liabilities. false true false false false false false false false DALE HOCKING CPA JMC CFO / TREASURER (thru April 2023) 0 349982 0 71333 0 6099 0 40556 0 8422 0 476392 0 0 Amit Rastogi MD MHCM JMC President 0 731163 0 515400 0 231343 0 241660 0 8867 0 1728433 0 0 Steven Seeley MSN CENP CEN CPHQ President 0 371963 0 193494 0 18348 0 95075 0 8647 0 687527 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE COMPENSATION COMMITTEE OF THE BOARD OF JUPITER MEDICAL CENTER, INC. DETERMINES THE COMPENSATION OF THE PRESIDENT AND CEO. THE COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A RETENTION BONUS PLAN DURING 2022. DURING CALENDAR YEAR 2022, ACCRUALS RELATED TO RETENTION BONUSES WERE MADE FOR THE FOLLOWING INDIVIDUALS. THESE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COL (C): AMIT RASTOGI - $150,710 STEVEN SEELEY - $39,487 NONE OF THE INDIVIDUALS REPORTED ON THE FILING ORGANIZATION'S FORM 990, PART VII, SECTION A RECEIVED A RETENTION BONUS PAYOUT DURING CALENDAR YEAR 2022. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN DURING 2022. ACCRUALS INTO THE PLAN DURING CALENDAR YEAR 2022 WERE AS FOLLOWS. THESE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COL (C): AMIT RASTOGI - $71,491 DALE HOCKING - $27,681 STEVEN SEELEY - $43,735 NONE OF THE INDIVIDUALS REPORTED ON THE FILING ORGANIZATION'S FORM 990, PART VII, SECTION A RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN DURING CALENDAR YEAR 2022. Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS PAID BY JUPITER MEDICAL CENTER, A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF THE BOARD OF JUPITER MEDICAL CENTER, INC. REVIEWS SURVEY DATA, FINANCIAL ABILITY OF THE ORGANIZATION, AND ACCOMPLISHMENT OF GOALS TO DETERMINE THE AMOUNT OF COMPENSATION OF THE PRESIDENT & CEO. A COMPENSATION CONSULTANT IS ALSO HIRED ON AN ONGOING BASIS. THE COMPENSATION IS THEN REPORTED TO THE BOARD OF JUPITER MEDICAL CENTER, INC. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMMITTEE MINUTES. THIS PROCESS WAS UNDERTAKEN NOVEMBER, 2022 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. BECAUSE THE TOP MANAGEMENT OFFICIAL IS NOT COMPENSATED BY JMC MSNY VENTURES, THIS QUESTION IS ANSWERED "NO" IN ACCORDANCE WITH FORM 990 INSTRUCTIONS. Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEE THE ORGANIZATION'S OTHER OFFICERS ARE PAID BY JUPITER MEDICAL CENTER, A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF THE BOARD OF JUPITER MEDICAL CENTER, INC. REVIEWS AND APPROVES THE COMPENSATION OF THE PRESIDENT AND CEO, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER AND FOUNDATION PRESIDENT. THE COMPENSATION COMMITTEE REVIEWS SURVEY DATA, FINANCIAL ABILITY OF THE ORGANIZATION, AND ACCOMPLISHMENT OF GOALS IN ORDER TO DETERMINE COMPENSATION. A COMPENSATION CONSULTANT IS ALSO HIRED ON AN ONGOING BASIS. COMPENSATION IS THEN REPORTED TO THE BOARD OF JUPITER MEDICAL CENTER, INC. THE DECISIONS AND DELIBERATIONS ARE DOCUMENTED IN THE COMMITTEE MINUTES. THIS PROCESS WAS UNDERTAKEN NOVEMBER, 2022 FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023. BECAUSE THE OTHER OFFICERS ARE NOT COMPENSATED BY JMC MSNY VENTURES, THIS QUESTION IS ANSWERED "NO" IN ACCORDANCE WITH FORM 990 INSTRUCTIONS. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Amit Rastogi, Steven Seeley, and Dale Hocking - Business relationship, Amit Rastogi, Steven Seeley, and Michael Loftus - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders JMC MSNY Ventures has one corporate member, Jupiter Medical Center, Inc. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The organization's corporate member, Jupiter Medical Center, is entitled to appoint a minimum of two members to the organization's Board of Directors and shall hold a majority of the seats on the Board of Directors. Except for vacancies of (a) Directors who are also Representatives of Jupiter Medical Center or (b) the President or Secretary of the Corporation, the existing board members may fill any vacancy on the Board. As to a vacancy of any Director who is also a representative of Jupiter Medical Center, Jupiter Medical Center shall appoint a new Representative to take the vacant seat. As to a vacancy of the President or Secretary, the vacancy shall also be filled by Jupiter Medical Center. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following shall require the majority approval of the corporate member's Representatives: (a) The approval of the addition of a new member of the Corporation and the terms of membership for the new member; (b) The approval of any sale, transfer, exchange or other disposition of all or substantially all of the assets of the Corporation and/or any affiliates or subsidiaries; (c) The approval of any merger or consolidation or dissolution of the Corporation and/or any affiliates or subsidiaries; (d) Any Amendment of the Corporation's Articles of Incorporation or these Bylaws; (e) Corporate expenditures in the amount of more than $10,000; (f) The approval of strategic plans, budgets, incurrence of debt or any capital calls relative to the capitalization of the Corporation; and (g) Approval of any material financial arrangement, agreement or undertaking of the Corporation, including, but not limited to, any commercial insurance or managed care arrangement or agreement, any arrangement or agreement with Medicare, any allocation of shared savings, bonuses, withholds (including the determination of any withhold amounts), incentives or the like. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization does not have any committees with authority to act on behalf of the governing body. When this question is not applicable, the form 990 instructions indicate it should be answered "no". Form 990, Part VI, Line 11b Review of form 990 by governing body The CFO reviews the Form 990 prior to its finalization. A FINAL DRAFT IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S finance committee and GOVERNING BODY for their review. ONCE REVIEWED AND APPROVED BY THE finance committee and the GOVERNING BODY, IT IS THEN FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION MAINTAINS A CORPORATE COMPLIANCE PROGRAM THAT MONITORS POTENTIAL AND ACTUAL CONFLICTS OF INTEREST. ON AN ANNUAL BASIS, ALL DEPARTMENTAL MANAGERS THROUGH SENIOR MANAGEMENT AND ALL MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN A STATEMENT TO DISCLOSE ANY POTENTIAL CONFLICTS. IF ANY CONFLICT DOES EXIST, THE INDIVIDUAL WITH THE CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE TRANSACTION OR VOTING ON MATTERS RELATED TO THE CONFLICT. IN ADDITION, IN ORDER TO REGULARLY MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY, THE BOARD CHAIR ASKS THE VOTING MEMBERS OF THE GOVERNING BODY TO DISCLOSE ANY CONFLICTS OF INTEREST AT THE START OF EACH BOARD MEETING. Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements are available to the public through the state of Florida because they are filed with the Agency for Health Care Administration. The organization's governing documents and conflict of interest policy are available for review upon request at Jupiter Medical Center, Inc. (a related organization). Form 990, Part XI, Line 9 Other changes in net assets or fund balances TRANSFERS FROM AFFILIATES - 207945; JUPITER MEDICAL CENTER INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 591460239 HOSPITAL FL 501(c)(3) 3 JUPITER HEALTH INC false JUPITER MEDICAL CENTER FOUNDATION INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 650132406 FUNDRAISING FL 501(c)(3) 7 JUPITER HEALTH INC false JUPITER MEDICAL CENTER PHYSICIANS GROUP INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 263187119 PHYSICIAN OFFICES FL 501(c)(3) 10 JUPITER MEDICAL CENTER INC false JUPITER HEALTH OUTPATIENT SERVICES INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 455310772 AMBULATORY CARE SERVICES FL 501(c)(3) 3 JUPITER MEDICAL CENTER INC false Jupiter Health Inc 1210 South Old Dixie Highway Jupiter FL 33458 811545676 Parent organization FL 501(c)(3) Type III-FI NA false JUPITER MEDICAL CENTER PAVILION INC 1230 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 592452576 SKILLED NURSING FACILITY FL 501(c)(3) Type II JUPITER MEDICAL CENTER INC false JUPITER OUTPATIENT SURGERY CENTER LLC 2055 N MILITARY TRAIL SUITE 100 JUPITER FL 33458 650925020 SURGERY CENTER FL NA N/A false false TTB PARTNERS LTD 900 BROKEN SOUND PKWY NW STE 125 BOCA RATON FL 33487 650945554 LAND RENTAL FL NA N/A false false JMC POST-ACUTE SERVICES INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 452860629 HEALTHCARE SERVICES FL NA C Corporation false JMC SPECIALTY GROUP INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 462997753 PHYSICIAN GROUP FL NA C Corporation false JUPITER MEDICAL CENTER COLLABORATIVE INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 474731137 MANAGED CARE CONTRACTING FL NA C Corporation false JUPITER HEALTH VENTURES INC 1210 SOUTH OLD DIXIE HIGHWAY JUPITER FL 33458 812659400 JV HOLDING COMPANY FL NA C Corporation false false false false false false false false false false false false false true true true false false false true