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Nonprofiteer
← MEADOWS NEW FOUNDATION INC

Form 990 for tax year 2023

Filed by MEADOWS NEW FOUNDATION INC.

Totals

Total revenue
$2,813,752
Total expenses
$262,303
Contributions and grants received
$4,841,835
Grants paid
$0
Program service revenue
$0
Investment income
-$2,028,083
Other revenue
$0
Total assets, end of year
$32,265,369
Total liabilities, end of year
$4,975
Net assets or fund balances, end of year
$32,260,394
Program services expenses (Part IX)
$0
Management and general expenses
$262,303
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.

  • 1d · Related organizations

    $4,841,835

  • 3 · Investment income

    total $1,019,004 · excluded $1,019,004

  • 7a · Gross sales of assets other than inventory

    securities $35,372,459

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

    securities $38,419,546

  • 7c · Gain or loss

    securities -$3,047,087

  • 7d · Net gain or loss

    total -$3,047,087 · excluded -$3,047,087

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $38,224 · management and general $38,224

  • 11b · Fees: legal

    total $5,495 · management and general $5,495

  • 11c · Fees: accounting

    total $9,580 · management and general $9,580

  • 11f · Fees: investment management

    total $58,865 · management and general $58,865

  • 13 · Office expenses

    total $6,291 · management and general $6,291

  • 16 · Occupancy

    total $48,536 · management and general $48,536

  • 19 · Conferences, conventions and meetings

    total $612 · management and general $612

  • 22 · Depreciation, depletion and amortization

    total $7,621 · management and general $7,621

  • 23 · Insurance

    total $14,223 · management and general $14,223

  • 24a · Other expenses: OTHER EXPENSES

    total $72,856 · management and general $72,856

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,145,963 · end of year $1,074,998

  • 9 · Prepaid expenses and deferred charges

    end of year $3,161

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

    $82,187

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

    $23,397

  • 10c · Land, buildings and equipment, net

    beginning of year $1,743,600 · end of year $58,790

  • 11 · Investments: publicly traded securities

    beginning of year $24,490,070 · end of year $26,310,343

  • 15 · Other assets

    end of year $4,818,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,026 · end of year $4,975

  • 27 · Net assets without donor restrictions

    beginning of year $4,377,607 · end of year $9,260,394

  • 28 · Net assets with donor restrictions

    beginning of year $23,000,000 · end of year $23,000,000

Mission and programs · 2023

Mission

MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL OF THE NET SALES PROCEEDS FROM THE SALE OF THE ASSETS OF MEADOWS REGIONAL MEDICAL CENTER, INC. TO VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE OF HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE TO BE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE INTERNAL REVENUE SERVICE AND THE STATE OF GEORGIA'A ATTORNEY GENERAL OFFICE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND G

  • MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY, INCLUDING PROMOTING HEALTH AND WELLNESS AND ACCESS TO HEALTHCARE IN THE COMMUNITY (THE SOCIAL WELFARE PURPOSES).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL CALHOUN

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DENNIS INGLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • POLLYANN MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • REID MCARTHUR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ANTHONY MILLER

    DIRECTOR

    Total calculated
    $0

  • RONNIE STERWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • TIM TRUXEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.0
Source object
202432579349301028

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

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