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Nonprofiteer
← ACS DEVELOPMENT COMPANY I INC

Form 990 for tax year 2022

Filed by ACS DEVELOPMENT COMPANY I INC.

Totals

Total revenue
$418,538
Total expenses
$382,251
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$418,538
Total assets, end of year
$14,636,356
Total liabilities, end of year
$9,084,298
Net assets or fund balances, end of year
$5,552,058
Program services expenses (Part IX)
$382,251
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$382,251

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $418,538

  • 6c · Rental income or loss

    real property $418,538 · personal property $0

  • 6d · Net rental income or loss

    total $418,538 · related or exempt $418,538

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $93,232 · program services $93,232

  • 22 · Depreciation, depletion and amortization

    total $289,019 · program services $289,019

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $631,352 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,929,669 · end of year $1,855,967

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

    $14,486,383

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

    $2,063,411

  • 10c · Land, buildings and equipment, net

    beginning of year $12,704,751 · end of year $12,422,972

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $357,417

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $9,750,000 · end of year $9,084,298

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,515,772 · end of year $5,552,058

Mission and programs · 2022

Mission

TO SUPPORT ACS BY DEVELOPING, OWNING AND OPERATING REAL PROPERTY FOR USES IN THE FURTHERANCE OF THE MISSION OF AMERICAN CANCER CENTER SOCIETY, INC.

Activities or mission (Part I)

TO SUPPORT THE AMERICAN CANCER SOCIETY, INC. (ACS) BY DEVELOPING, OWNING AND OPERATING REAL PROPERTY FOR USES IN THE FURTHERANCE OF THE MISSION OF AMERICAN CANCER CENTER SOCIETY, INC.

  • SALT LAKE CITY HOPE LODGE SPACE RENTAL - THE AMERICAN CANCER SOCIETY HOPE LODGE IN SALT LAKE CITY, WHICH OPENED IN 2015, OFFERS 40 GUEST ROOMS LOCATED NEAR TREATMENT CENTERS IN THE AREA. HOPE LODGE OFFERS PEOPLE WITH CANCER AND THEIR CAREGIVERS A FREE PLACE TO STAY WHEN THEIR BEST HOPE FOR EFFECTIVE TREATMENT MAY BE IN ANOTHER CITY. NOT HAVING TO WORRY ABOUT WHERE TO STAY OR HOW TO PAY FOR LODGING ALLOWS GUESTS TO FOCUS ON GETTING BETTER. HOPE LODGE PROVIDES A NURTURING, HOME-LIKE ENVIRONMENT WHERE GUESTS CAN RETREAT TO PRIVATE ROOMS OR CONNECT WITH OTHERS. EVERY HOPE LODGE ALSO OFFERS A VARIETY OF RESOURCES INCLUDING INFORMATION AND SUPPORT ABOUT CANCER TREATMENT AND SURVIVORSHIP. RENTAL INCOME: ACS DEVELOPMENT COMPANY I, INC.'S PURPOSE IS TO SUPPORT ACS BY DEVELOPING OWNING AND OPERATING REAL PROPERTY FOR USES IN FURTHERANCE OF THE MISSION OF American Cancer Society, Inc.

    Expenses $382,251 · Revenue $418,538

As filed on the 2022 return.

Listed in Part VII

  • Karen E Knudsen PhD

    President

    Total calculated
    $1,118,608
    From this org
    $0
    From related orgs
    $1,027,106
    Other
    $91,502
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,167 related
    Bonus
    $0 + $174,300 related
    Other
    $0 + $2,639 related
    Deferred
    $0 + $62,100 related
    Nontaxable benefits
    $0 + $29,402 related
    Filer's total
    $0 + $1,118,608 related

  • Michael L Neal

    Vice President

    Total calculated
    $691,293
    From this org
    $0
    From related orgs
    $650,019
    Other
    $41,274
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,658 related
    Bonus
    $0 + $126,100 related
    Other
    $0 + $23,261 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $22,974 related
    Filer's total
    $0 + $691,293 related

  • Robert C Cook

    Secretary/Treasurer

    Total calculated
    $213,231
    From this org
    $0
    From related orgs
    $200,874
    Other
    $12,357
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,248 related
    Bonus
    $0
    Other
    $0 + $626 related
    Deferred
    $0 + $11,047 related
    Nontaxable benefits
    $0 + $1,310 related
    Filer's total
    $0 + $213,231 related

  • Timothy B Phillips

    Assistant Secretary

    Total calculated
    $526,652
    From this org
    $0
    From related orgs
    $481,897
    Other
    $44,755
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,394 related
    Bonus
    $0 + $92,700 related
    Other
    $0 + $1,803 related
    Deferred
    $0 + $29,499 related
    Nontaxable benefits
    $0 + $15,256 related
    Filer's total
    $0 + $526,652 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE INDIVIDUALS DISCLOSED ON PART VII AND SCHEDULE J ARE EMPLOYEES OF AND ARE COMPENSATED BY ACS. THE PROCEDURES FOR REVIEWING AND DETERMINING COMPENSATION OF THESE INDIVIDUALS ARE CONDUCTED IN ACCORDANCE WITH THOSE OF ACS. PLEASE SEE THE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15 FOR THE PROCEDURES USED BY ACS, Inc.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EMPLOYEES DISCLOSED ON SCHEDULE J, PART II OF THE FORM 990 ARE EMPLOYEES OF ACS, WHICH CONTROLS THE FILING ORGANIZATION. ACS MAINTAINS 457(B) AND 457(F) PLANS AS PART OF THE TOTAL COMPENSATION ARRANGEMENTS FOR CERTAIN EXECUTIVES. ACS RESTORES MATCHING CONTRIBUTION BENEFITS THAT ARE LOST AS A RESULT OF TAX RESTRICTIONS ON ITS 403(B) PLAN IN THE 457(B) AND 457(F) PLANS. AS PART OF THE COMPENSATION COMMITTEE'S (THE "COMMITTEE") RESPONSIBILITIES, THE COMMITTEE CONSIDERS THE NEW AND TOTAL VALUES OF THE 457(F) BENEFITS AS PART OF THE TOTAL COMPENSATION FOR EACH PARTICIPATING EXECUTIVE. THE COMMITTEE'S PROCESS IS FULLY DESCRIBED IN SCHEDULE O OF ACS' FORM 990 AS RELATED TO PART IV, LINE 15.
Schedule J, Part II, Column (C)
SCHEDULE J, PART II, COLUMN C INCLUDES DEFERRED COMPENSATION RELATED TO THE ANNUAL CHANGE IN ACTUARIAL VALUE OF A QUALIFIED DEFINED BENEFIT RETIREMENT PLAN. THE CHANGE IS CAUSED BY CHANGES IN ACTUARIAL ASSUMPTIONS, WHICH ARE REQUIRED TO BE USED TO VALUE THE BENEFITS. PRIOR TO ACTUAL RETIREMENT, THESE ACTUARIAL (ESTIMATED) VALUES CAN INCREASE OR DECREASE FROM YEAR TO YEAR DEPENDING ON WHETHER CERTAIN ASSUMPTIONS INCREASE OR DECREASE.

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

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
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202302929349300310

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