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ObjectId: 202230419349300613 - Submission: 2022-02-10
TIN: 74-2786094
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
PROFESSIONAL CONTRACT SERVICES INC
Employer identification number
74-2786094
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Page 2
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
SCHUBERT CARROLL W
PRESIDENT/CEO (RETIRED 4/5/21)
(i)
(ii)
439,708
-------------
0
95,000
-------------
0
8,169
-------------
0
158,694
-------------
0
13,289
-------------
0
714,860
-------------
0
0
-------------
0
2
WALKER WILLIAM KEITH
SENIOR VP OF BUSINESS DEVELOPMENT
(i)
(ii)
292,580
-------------
0
31,050
-------------
0
2,729
-------------
0
127,826
-------------
0
10,530
-------------
0
464,715
-------------
0
0
-------------
0
3
BARBOSA ERIC
VP/GENERAL COUNSEL
(i)
(ii)
264,394
-------------
0
38,400
-------------
0
3,960
-------------
0
120,411
-------------
0
30,315
-------------
0
457,480
-------------
0
0
-------------
0
4
CLOUD MICHAEL KEVIN
SEC/VP CONTRACTS, IT, QUALITY, SAFET
(i)
(ii)
254,501
-------------
0
36,615
-------------
0
5,976
-------------
0
82,689
-------------
0
13,179
-------------
0
392,960
-------------
0
0
-------------
0
5
JONES MARK K
TREASURER/CFO
(i)
(ii)
269,711
-------------
0
39,000
-------------
0
4,148
-------------
0
49,600
-------------
0
10,217
-------------
0
372,676
-------------
0
0
-------------
0
6
CLARK BLUE
DIRECTOR OF IT
(i)
(ii)
206,238
-------------
0
24,060
-------------
0
2,997
-------------
0
887
-------------
0
24,278
-------------
0
258,460
-------------
0
0
-------------
0
7
CANNON CHARLES C
SENIOR DIRECTOR OF OPERATIONS
(i)
(ii)
191,482
-------------
0
25,441
-------------
0
2,540
-------------
0
13,660
-------------
0
17,126
-------------
0
250,249
-------------
0
0
-------------
0
8
SCHMILLE TERRY
DIRECTOR OF OPERATIONS
(i)
(ii)
196,342
-------------
0
21,582
-------------
0
4,896
-------------
0
10,896
-------------
0
16,427
-------------
0
250,143
-------------
0
0
-------------
0
9
FERGUSON VANESSA
DIRECTOR OF REHABILITATION
(i)
(ii)
200,172
-------------
0
25,308
-------------
0
3,189
-------------
0
0
-------------
0
19,186
-------------
0
247,855
-------------
0
0
-------------
0
10
GREENE LUCINDA R
DIRECTOR OF HUMAN RESOURCE
(i)
(ii)
203,512
-------------
0
25,263
-------------
0
3,295
-------------
0
0
-------------
0
563
-------------
0
232,633
-------------
0
0
-------------
0
11
SUMNER KYLE W
CONTROLLER
(i)
(ii)
171,766
-------------
0
24,050
-------------
0
2,032
-------------
0
12,619
-------------
0
19,638
-------------
0
230,105
-------------
0
0
-------------
0
12
CURD BARBARA
DIRECTOR OF SAFETY & LOSS
(i)
(ii)
160,177
-------------
0
19,638
-------------
0
2,560
-------------
0
11,113
-------------
0
11,677
-------------
0
205,165
-------------
0
0
-------------
0
13
TUCKER DENNIS G
CORPORATE DIRECTOR OF QUALITY
(i)
(ii)
147,363
-------------
0
16,833
-------------
0
5,613
-------------
0
10,549
-------------
0
19,229
-------------
0
199,587
-------------
0
0
-------------
0
14
HARRISON DAISY
DIRECTOR OF OPERATIONS
(i)
(ii)
148,272
-------------
0
20,208
-------------
0
2,398
-------------
0
5,123
-------------
0
19,522
-------------
0
195,523
-------------
0
0
-------------
0
15
ANDERSON GARY D
SENIOR DIRECTOR BUSINESS DEVELOPMENT
(i)
(ii)
161,438
-------------
0
18,658
-------------
0
3,464
-------------
0
11,098
-------------
0
0
-------------
0
194,658
-------------
0
0
-------------
0
16
THISS WESTON R
DIRECTOR OF OPERATIONS
(i)
(ii)
137,935
-------------
0
16,983
-------------
0
8,003
-------------
0
9,151
-------------
0
19,229
-------------
0
191,301
-------------
0
0
-------------
0
17
COOKE ANDREW S
SENIOR CONTRACTS MANAGER
(i)
(ii)
122,244
-------------
0
12,543
-------------
0
1,721
-------------
0
9,559
-------------
0
28,430
-------------
0
174,497
-------------
0
0
-------------
0
18
HINES III NATHAN E
SENIOR DIRECTOR BUSINESS DEVELOPMENT
(i)
(ii)
141,672
-------------
0
16,373
-------------
0
2,118
-------------
0
9,663
-------------
0
2,258
-------------
0
172,084
-------------
0
0
-------------
0
19
ZVOCH CHRISTOPHER
DIRECTOR OF OPERATIONS
(i)
(ii)
124,700
-------------
0
15,210
-------------
0
1,791
-------------
0
7,675
-------------
0
17,126
-------------
0
166,502
-------------
0
0
-------------
0
20
MILLER KURT
DIRECTOR OF FINANCIAL COMPLIANCE
(i)
(ii)
135,563
-------------
0
12,000
-------------
0
161
-------------
0
3,861
-------------
0
5,886
-------------
0
157,471
-------------
0
0
-------------
0
21
MINCHER JOSHUA
OPERATIONS BUSINESS MANAGER
(i)
(ii)
118,882
-------------
0
9,952
-------------
0
1,588
-------------
0
8,332
-------------
0
17,985
-------------
0
156,739
-------------
0
0
-------------
0
22
SHEIKH AISHA F
SENIOR FINANCIAL ANALYST
(i)
(ii)
105,289
-------------
0
23,039
-------------
0
1,475
-------------
0
8,363
-------------
0
16,855
-------------
0
155,021
-------------
0
0
-------------
0
Schedule J (Form 990) 2020
Page 3
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 1A
BOARD MEMBERS SPOUSE TRAVEL FOR ANNUAL EMPLOYEE RECOGNITION AND AWARDS CEREMONY.
PART I, LINE 4B
IN JULY 2003, THE ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE PLAN WAS AMENDED IN JANUARY 2011 AND STATED THAT NET EARNINGS AND LOSSES SHALL BE CREDITED TO THE RECIPIENT'S ACCOUNT FROM TIME TO TIME, AS DETERMINED BY THE ORGANIZATION. THE ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE ORGANIZATION. THE ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 90 DAYS OF THE DATE OF VESTING. AT JULY 1, 2020 THE PLAN BECAME FULLY VESTED AND FULLY VESTED DEFERRED COMPENSATION WAS PAID OUT IN ACCORDANCE WITH THE PLAN DOCUMENT. IN DECEMBER 2020, THE ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE ORGANIZATION. THE ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 30 DAYS OF THE DATE OF VESTING. THESE PAYMENTS ARE PAID FROM THE GENERAL ASSETS OF THE ORGANIZATION. ALTHOUGH IT IS NOT REQUIRED TO DO SO, THE ORGANIZATION MAY ELECT TO INVEST AMOUNTS IN ORDER TO MEET ITS OBLIGATIONS UNDER THIS DEFERRED COMPENSATION PLAN. COMPENSATION BENEFITS ACCRUED AND DEFERRED UNDER THE DEFERRED COMPENSATION PLAN ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE SHOULD THE PARTICIPANT TERMINATE HIS OR HER RELATIONSHIP WITH THE ORGANIZATION PRIOR TO THE RESPECTIVE SCHEDULED VESTING DATE, AS DEFINED. AS OF JUNE 30, 2021 AND 2020, THE ORGANIZATION HAD ACCRUED $178,934 AND $421,016 IN DEFERRED COMPENSATION UNDER THE AMENDED PLAN, RESPECTIVELY. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(F) PLAN AND RECEIVED A PAYMENT: CARROLL W. SCHUBERT ($141,389), MICHAEL KEVIN CLOUD ($65,589), WILLIAM KEITH WALKER ($110,726), ERIC BARBOSA ($103,311). IN APRIL 2014, THE ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(B), COVERING CERTAIN OFFICERS AND DIRECTORS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(B) PLAN: CARROLL W. SCHUBERT, MICHAEL KEVIN CLOUD, WILLIAM KEITH WALKER, ERIC BARBOSA.
PART I, LINE 7
THE COMPANY HAS A BONUS PROGRAM. THE BENEFIT IS BASED SOLELY ON AN INDIVIDUAL PERFORMANCE ASSESSMENT. NO CONSIDERATION IS GIVEN TO THE REVENUE OR NET EARNINGS OF THE COMPANY.
Schedule J (Form 990) 2020
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