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Nonprofiteer
← SHENANDOAH MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by SHENANDOAH MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$1,235,440
Total expenses
$2,394,317
Contributions and grants received
$1,234,586
Grants paid
$2,368,306
Program service revenue
$0
Investment income
$12,507
Other revenue
-$11,653
Total assets, end of year
$725,916
Total liabilities, end of year
$18,702
Net assets or fund balances, end of year
$707,214
Program services expenses (Part IX)
$2,381,940
Management and general expenses
$12,377
Fundraising expenses
$0
Program service expenses (Part III)
$2,381,940

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $54,248

  • 1e · Government grants (contributions)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $180,338

  • 3 · Investment income

    total $13,930 · excluded $13,930

  • 7a · Gross sales of assets other than inventory

    securities $21,210

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

    securities $22,633

  • 7c · Gain or loss

    securities -$1,423

  • 7d · Net gain or loss

    total -$1,423 · excluded -$1,423

  • 8a · Fundraising events: gross income

    $17,800

  • 8a · Fundraising events: contributions included on line 1c

    $54,248

  • 8b · Fundraising events: direct expenses

    $29,453

  • 8c · Net income from fundraising events

    total -$11,653 · excluded -$11,653

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,368,306 · program services $2,368,306

  • 11f · Fees: investment management

    total $1,226 · management and general $1,226

  • 11g · Fees: other

    total $11,151 · management and general $11,151

  • 12 · Advertising and promotion

    total $8,795 · program services $8,795

  • 13 · Office expenses

    total $3,890 · program services $3,890

  • 24a · Other expenses: EDUCATION

    total $550 · program services $550

  • 24b · Other expenses: SUPPLIES

    total $335 · program services $335

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $64 · program services $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,226,374 · end of year $298,157

  • 2 · Savings and temporary cash investments

    beginning of year $9,518 · end of year $11,600

  • 3 · Pledges and grants receivable

    beginning of year $358,418 · end of year $100,512

  • 11 · Investments: publicly traded securities

    beginning of year $252,893 · end of year $315,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,369 · end of year $18,702

  • 27 · Net assets without donor restrictions

    beginning of year $697,102 · end of year $602,642

  • 28 · Net assets with donor restrictions

    beginning of year $1,146,732 · end of year $104,572

Mission and programs · 2023

Mission

TO PROVIDE ASSISTANCE AND ENSURE THE LONG-TERM SUSTAINABILITY OF SHENANDOAH MEDICAL CENTER BY SECURING FINANCIAL RESOURCES, DONOR ENGAGEMENT, AND HEALTH CARE PROMOTION.

Activities or mission (Part I)

TO SUPPORT SHENANDOAH MEDICAL CENTER & COMMUNITY HEALTH.

  • TO SUPPORT SHENANDOAH MEDICAL CENTER & COMMUNITY HEALTH.

    Expenses $2,381,940 · Grants $2,368,306

As filed on the 2023 return.

Listed in Part VII

  • MATTHEW SELLS

    DIRECTOR / HOSPITAL CEO

    Total calculated
    $378,218
    From this org
    $0
    From related orgs
    $338,608
    Other
    $39,610
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,159 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $449 related
    Deferred
    $0 + $16,139 related
    Nontaxable benefits
    $0 + $26,265 related
    Filer's total
    $0 + $381,012 related

  • TIMOTHY SMITH MD

    DIRECTOR

    Total calculated
    $274,147
    From this org
    $0
    From related orgs
    $254,378
    Other
    $19,769
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,123 related
    Bonus
    $0 + $17,255 related
    Other
    $0
    Deferred
    $0 + $12,019 related
    Nontaxable benefits
    $0 + $10,411 related
    Filer's total
    $0 + $276,808 related

  • CRAIG HARRIS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    10

  • DENNIS CHRISTIANSEN

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    10

  • ADAM WRIGHT

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    10

  • JUDI WISCHIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DENNIS GREBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 3 related

  • ELEANOR SHIRLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • KALEY NEAL

    HOSPITAL CFO

    Total calculated
    $177,750
    From this org
    $0
    From related orgs
    $166,528
    Other
    $11,222
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,251 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $277 related
    Deferred
    $0 + $8,464 related
    Nontaxable benefits
    $0 + $4,487 related
    Filer's total
    $0 + $179,479 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO OF SHENANDOAH MEDICAL CENTER (SMC), A RELATED ORGANIZATION, AND THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION, IS COMPENSATED BY SMC. SMC USES THE FOLLOWING TO DETERMINE THE CEO'S COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443179349307369

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