Skip to content
Nonprofiteer
← SWEDISH AMERICAN REALTY CORPORATION

Form 990 for tax year 2022

Filed by SWEDISH AMERICAN REALTY CORPORATION.

Totals

Total revenue
$7,811,767
Total expenses
$6,840,737
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,704,456
Investment income
$883,185
Other revenue
$224,126
Total assets, end of year
$19,203,002
Total liabilities, end of year
$305,662
Net assets or fund balances, end of year
$18,897,340
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental Income

    total $6,704,456 · related or exempt $6,704,456

  • 6a · Gross rents

    real property $669,313

  • 6b · Less rental expenses

    real property $445,187

  • 6c · Rental income or loss

    real property $224,126

  • 6d · Net rental income or loss

    total $224,126 · excluded $224,126

  • 7a · Gross sales of assets other than inventory

    other assets $1,235,142

  • 7b · Less cost or other basis and sales expenses

    other assets $351,957

  • 7c · Gain or loss

    other assets $883,185

  • 7d · Net gain or loss

    total $883,185 · excluded $883,185

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $41,868

  • 11b · Fees: legal

    total $4,750

  • 11c · Fees: accounting

    total $3,996

  • 11g · Fees: other

    total $197,042

  • 13 · Office expenses

    total $1,047

  • 14 · Information technology

    total $48,654

  • 16 · Occupancy

    total $4,229,432

  • 22 · Depreciation, depletion and amortization

    total $1,737,963

  • 23 · Insurance

    total $67,659

  • 24a · Other expenses: Repairs/Maintenance

    total $508,299

  • 24e · All other expenses

    total $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,963 · end of year $81,095

  • 10a · Land, buildings and equipment: cost or other basis

    $32,807,089

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,711,360

  • 10c · Land, buildings and equipment, net

    beginning of year $12,883,095 · end of year $11,095,729

  • 13 · Investments: program-related

    beginning of year $225,000 · end of year $225,000

  • 15 · Other assets

    beginning of year $5,088,167 · end of year $7,800,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $307,215 · end of year $305,662

  • 27 · Net assets without donor restrictions

    beginning of year $17,926,310 · end of year $18,897,340

Mission and programs · 2022

Mission

None

Activities or mission (Part I)

Title Holding Company

  • SwedishAmerican Realty Corporation is the title holding company for SwedishAmerican Health System Corporation, a 501(c)(3) tax exempt entity. SwedishAmerican Realty Corporation leases property to subsidiaries of SwedishAmerican Health System and other third parties.

As filed on the 2022 return.

Listed in Part VII

  • Travis Andersen

    President & CEO

    Total calculated
    $1,099,595
    From this org
    $0
    From related orgs
    $1,014,145
    Other
    $85,450
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $685,014 related
    Bonus
    $0 + $210,627 related
    Other
    $0 + $118,504 related
    Deferred
    $0 + $60,071 related
    Nontaxable benefits
    $0 + $25,379 related
    Filer's total
    $0 + $1,099,595 related

  • Daniel T Ross

    Director

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Jeffrey J Kaney Sr

    Director (until 8/31/22)

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Jeffrey Hultman

    Director (as of 1/1/2023)

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Eric Fulcomer PhD

    Director (until 12/31/22)

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Patricia DeWane

    Treasurer/Secretary

    Total calculated
    $629,264
    From this org
    $0
    From related orgs
    $566,671
    Other
    $62,593
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,070 related
    Bonus
    $0 + $177,799 related
    Other
    $0 + $4,802 related
    Deferred
    $0 + $54,710 related
    Nontaxable benefits
    $0 + $7,883 related
    Filer's total
    $0 + $629,264 related

  • Jedediah Cantrell

    Former President/VP & COO

    Total calculated
    $160,367
    From this org
    $0
    From related orgs
    $150,775
    Other
    $9,592
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $59,096 related
    Bonus
    $0
    Other
    $0 + $91,679 related
    Deferred
    $0 + $438 related
    Nontaxable benefits
    $0 + $9,154 related
    Filer's total
    $0 + $160,367 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
All compensation is determined by the Executive Compensation Committee of SwedishAmerican Health System Corporation and is paid by SwedishAmerican Hospital. All compensation decisions are made by independent persons. With respect to the President & CEO and other Officers, SwedishAmerican Health System Corporation follows a compensation approval procedure annually that involves approval of proposed and final compensation arrangements by SwedishAmerican Health System Corporation's Executive Compensation Committee using comparability data as well as contemporaneous documentation of compensation decisions in the minutes.
Part I, Line 4b
Contributions to the 457(f) plan during 2022 include: Travis Andersen - $59,719; Patricia DeWane - $30,310. Payments from the 457(f) plan during 2022 include: Jedediah Cantrell - $91,176. These payments are reported as taxable income on Part II, column (B) (iii). Part II, Column F: The amounts shown in column F were reported as deferred compensation in prior years but paid out in the current year. The amounts are also included in column (B) (iii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202441289349301759

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.