Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,500

• 1f · All other contributions, gifts and grants

  $1,133,680

• 3 · Investment income

  total $489,005 · excluded $489,005

• 5 · Royalties

  total $3,672,685 · excluded $3,672,685

• 7a · Gross sales of assets other than inventory

  securities $10,720

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

  securities $0

• 7c · Gain or loss

  securities $10,720

• 7d · Net gain or loss

  total $10,720 · excluded $10,720

• 10a · Gross sales of inventory

  $72,898

• 10b · Cost of goods sold

  $47,792

• 10c · Net income from sales of inventory

  total $25,106 · excluded $25,106

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,311,551 · program services $1,311,551

• 5 · Compensation of officers, directors and key employees

  total $203,868 · management and general $203,868

• 7 · Other salaries and wages

  total $90,192 · management and general $90,192

• 9 · Other employee benefits

  total $3,627 · management and general $3,627

• 11b · Fees: legal

  total $870 · management and general $870

• 11c · Fees: accounting

  total $6,125 · management and general $6,125

• 11e · Fees: professional fundraising services

  total $213,803 · fundraising $213,803

• 11f · Fees: investment management

  total $34,153 · program services $34,153

• 11g · Fees: other

  total $7,613 · fundraising $7,613

• 12 · Advertising and promotion

  total $11,509 · program services $11,509

• 13 · Office expenses

  total $18,175 · program services $18,175

• 19 · Conferences, conventions and meetings

  total $15,077 · program services $15,077

• 22 · Depreciation, depletion and amortization

  total $5,293 · program services $5,293

• 23 · Insurance

  total $3,328 · program services $3,328

• 24a · Other expenses: Staff Development

  total $9,133 · program services $9,133

• 24e · All other expenses

  total $2,586 · program services $2,586

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $10,629,167 · end of year $4,197,346

• 3 · Pledges and grants receivable

  beginning of year $63,166 · end of year $45,666

• 4 · Accounts receivable

  beginning of year $1,431 · end of year $3,552

• 8 · Inventories for sale or use

  beginning of year $29,273 · end of year $50,158

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

  $36,607

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

  $16,998

• 10c · Land, buildings and equipment, net

  beginning of year $14,746 · end of year $19,609

• 11 · Investments: publicly traded securities

  beginning of year $10,260,169 · end of year $20,664,078

• 17 · Accounts payable and accrued expenses

  beginning of year $32,159 · end of year $95,205

• 27 · Net assets without donor restrictions

  beginning of year $20,535,864 · end of year $24,166,105

• 28 · Net assets with donor restrictions

  beginning of year $429,929 · end of year $719,099

The filer's explanations (Part III)

Part I, Line 3

Compensation is determined by a related organization and the organization relied on the related organization, McKenzie County Healthcare Systems, Inc., to establish reasonable compensation using methods in Part I, line 3. The Benefit Fund of MCHS reimbursed MCHS for the President's compensation reported in Form 990 Part VII, Form 990 Part IX Schedule J. The compensation reported on Part VII, Part IX and Schedule J are for services provided to both the filing organization and the related organization.

Related corporations and trusts

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

• McKenzie County Healthcare Systems Properties

  C · Property management · ND