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Nonprofiteer
← BEVERLY HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by BEVERLY HOSPITAL FOUNDATION.

Totals

Total revenue
$322,105
Total expenses
$186,226
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$322,105
Other revenue
$0
Total assets, end of year
$2,125,316
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,125,316
Program services expenses (Part IX)
$0
Management and general expenses
$186,226
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $69,432 · excluded $69,432

  • 7a · Gross sales of assets other than inventory

    securities $1,279,653

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

    securities $1,026,980

  • 7c · Gain or loss

    securities $252,673

  • 7d · Net gain or loss

    total $252,673 · excluded $252,673

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $154,623 · management and general $154,623

  • 11f · Fees: investment management

    total $10,283 · management and general $10,283

  • 24a · Other expenses: Other Expenses

    total $21,320 · management and general $21,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,523 · end of year $198,627

  • 11 · Investments: publicly traded securities

    beginning of year $1,726,579 · end of year $1,926,689

  • 27 · Net assets without donor restrictions

    beginning of year $944,678 · end of year $758,450

  • 28 · Net assets with donor restrictions

    beginning of year $1,151,424 · end of year $1,366,866

Mission and programs · 2024

Mission

TO SUPPORT BEVERLY COMMUNITY HOSPITAL ASSOCIATION (BCHA), A 501(C)(3) CORPORATION, CURRENTLY UNDER BANKRUPTCY PROCEEDINGS.

  • BEVERLY HOSPITAL FOUNDATION HAS BEEN OPERATING SOLELY FOR THE BENEFIT OF BEVERLY COMMUNITY HOSPITAL ASSOCIATION, A 501(C)(3)ORGANIZATION. ITS ROLE HAS BEEN TO ENGAGE IN THE SOLICITATION, RECEIPT, AND ADMINITRATION OF FUNDS TO SUPPORT HOSPITAL PROGRAMS, INCLUDING THE ACQUISITION OF EQUIPMENT AND TECHNOLOGY, AND SUPPORT OF EXPANSION PROJECTS.

    Revenue $322,106

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Art Revueltas

    PRESIDENT CEO

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Ralph Hansen

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Gabriel Goharik

    CFO SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Bernadette Hensel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Risher Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Hornback

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MONTEBELLO COMMUNITY HOSPITAL

    CA

Related corporations and trusts

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

  • BEVERLY MSO

    C Corp · MANAGEMENT SERVICE ORGANIZATION · CA

Provenance

Return type
form_990
Tax year
2024
Filed
23 July 2025
IRS schema version
2024v5.2
Source object
202523099349303242

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