Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,236,834

• 1f · All other contributions, gifts and grants

  $1,668,121

• 1g · Noncash contributions included above

  $146,620

• 2a · Program service revenue: ASSETS RELEASED FROM RESTRICTIONS

  total $596,872 · related or exempt $596,872

• 3 · Investment income

  total $4,908,689 · excluded $4,908,689

• 7a · Gross sales of assets other than inventory

  securities $94,113,000

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

  securities $89,612,629

• 7c · Gain or loss

  securities $4,500,371

• 7d · Net gain or loss

  total $4,500,371 · excluded $4,500,371

• 8a · Fundraising events: gross income

  $208,940

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

  $1,236,834

• 8b · Fundraising events: direct expenses

  $655,741

• 8c · Net income from fundraising events

  total -$446,801 · excluded -$446,801

• 11a · Other revenue: MISC. REVENUE

  total $4,472 · related or exempt $4,472

• 11e · Other revenue, total

  $4,472

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,103,928 · program services $11,103,928

• 7 · Other salaries and wages

  total $1,200,416 · program services $793,288 · management and general $330,424 · fundraising $76,704

• 8 · Pension plan contributions

  total $60,978 · program services $40,297 · management and general $16,785 · fundraising $3,896

• 9 · Other employee benefits

  total $99,642 · program services $65,848 · management and general $27,427 · fundraising $6,367

• 10 · Payroll taxes

  total $62,154 · program services $41,075 · management and general $17,108 · fundraising $3,971

• 11a · Fees: management

  total $42,000 · program services $28,056 · management and general $9,973 · fundraising $3,971

• 11c · Fees: accounting

  total $53,392 · program services $35,665 · management and general $12,678 · fundraising $5,049

• 11e · Fees: professional fundraising services

  total $87,873 · fundraising $87,873

• 11f · Fees: investment management

  total $414,200 · management and general $414,200

• 11g · Fees: other

  total $690,354 · program services $544,259 · management and general $95,411 · fundraising $50,684

• 13 · Office expenses

  total $176,092 · program services $158,664 · management and general $10,388 · fundraising $7,040

• 17 · Travel

  total $44,925 · program services $41,018 · management and general $2,329 · fundraising $1,578

• 19 · Conferences, conventions and meetings

  total $69 · program services $46 · management and general $16 · fundraising $7

• 22 · Depreciation, depletion and amortization

  total $17,884 · program services $12,208 · management and general $5,676

• 23 · Insurance

  total $4,778 · program services $2,137 · management and general $1,747 · fundraising $894

• 24a · Other expenses: SUPPLIES

  total $102,455 · program services $93,545 · management and general $5,311 · fundraising $3,599

• 24b · Other expenses: COMMUNITY OUTREACH

  total $64,150 · program services $58,571 · management and general $3,325 · fundraising $2,254

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $11,156 · program services $10,186 · management and general $578 · fundraising $392

• 24d · Other expenses: TAXES AND LICENSES

  total $8,426 · program services $7,693 · management and general $437 · fundraising $296

• 24e · All other expenses

  total $452,480 · program services $413,130 · management and general $23,454 · fundraising $15,896

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $560,950 · end of year $196,796

• 3 · Pledges and grants receivable

  beginning of year $11,764,711 · end of year $10,195,920

• 9 · Prepaid expenses and deferred charges

  beginning of year $46,121 · end of year $19,807

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

  $168,027

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

  $121,728

• 10c · Land, buildings and equipment, net

  beginning of year $50,998 · end of year $46,299

• 11 · Investments: publicly traded securities

  beginning of year $163,075,807 · end of year $166,677,669

• 12 · Investments: other securities

  beginning of year $38,555,782 · end of year $36,483,083

• 15 · Other assets

  beginning of year $14,930,682 · end of year $23,203,537

• 17 · Accounts payable and accrued expenses

  beginning of year $628,958 · end of year $680,998

• 19 · Deferred revenue

  beginning of year $33,004 · end of year $33,005

• 25 · Other liabilities

  beginning of year $2,714,289 · end of year $2,051,172

• 27 · Net assets without donor restrictions

  beginning of year $162,509,316 · end of year $169,344,066

• 28 · Net assets with donor restrictions

  beginning of year $63,099,484 · end of year $64,713,870

The filer's explanations (Part III)

PART I, LINE 3

RELATED ORGANIZATION COMPENSATION: OFFICER POSITIONS ARE REVIEWED AND DOCUMENTED BY THE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY. KEY PHYSICIAN POSITION COMPENSATION IS DETERMINED BY THE CEO USING THE MEDICAL GROUP ASSOCIATION SALARY SURVEY AS GUIDELINES. FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPENSATION IS REVIEWED BY THE CEO WITH THE DIRECTOR OF HUMAN RESOURCES. ORTHOPAEDIC HOSPITAL PARTICIPATES IN SOME SALARY SURVEYS AND BENCHMARKING TOOLS TO COMPARE SALARIES AGAINST THE MARKET.