Form 990 for tax year 2022

Filed by BEATRICE RETIREMENT INC.

Totals

Total revenue: $1,029,341
Total expenses: $454,219
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $615,687
Investment income: $46,625
Other revenue: $367,029
Total assets, end of year: $2,695,492
Total liabilities, end of year: $112,065
Net assets or fund balances, end of year: $2,583,427
Program services expenses (Part IX): $354,241
Management and general expenses: $99,978
Fundraising expenses: $0
Program service expenses (Part III): $354,241

Program services were 78.0% 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.

2a · Program service revenue: RESIDENT FEES

total $615,687 · related or exempt $615,687
3 · Investment income

total $40,620 · excluded $40,620
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7a · Gross sales of assets other than inventory

securities $6,005
7c · Gain or loss

securities $6,005
7d · Net gain or loss

total $6,005 · excluded $6,005
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: INSURANCE PROCEEDS

total $367,029 · excluded $367,029
11e · Other revenue, total

$367,029

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $0
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11a · Fees: management

total $85,599 · management and general $85,599
11b · Fees: legal

total $148 · management and general $148
11c · Fees: accounting

total $6,533 · management and general $6,533
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $7,698 · management and general $7,698
11g · Fees: other

total $4,470 · program services $4,470
12 · Advertising and promotion

total $1,175 · program services $1,175
13 · Office expenses

total $9,842 · program services $9,842
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $197,011 · program services $197,011
17 · Travel

total $876 · program services $876
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $96,391 · program services $96,391
23 · Insurance

total $44,476 · program services $44,476

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,600 · end of year $269,169
2 · Savings and temporary cash investments

beginning of year $537,852 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $4,563 · end of year $5,027
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
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $5,007 · end of year $7,102
10a · Land, buildings and equipment: cost or other basis

$5,473,859
10b · Land, buildings and equipment: accumulated depreciation

$4,103,148
10c · Land, buildings and equipment, net

beginning of year $936,538 · end of year $1,370,711
11 · Investments: publicly traded securities

beginning of year $593,802 · end of year $1,043,483
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $58,264 · end of year $53,526
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $9,796 · end of year $11,020
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
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 $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $47,371 · end of year $47,519
27 · Net assets without donor restrictions

beginning of year $1,973,931 · end of year $2,583,427
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Listed in Part VII

RICK HARALDSON

BCH CEO

Total calculated

$456,443

From this org

$0

From related orgs

$436,986

Other

$19,457

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $436,986 related

Bonus

$0

Other

$0

Deferred

$0 + $17,925 related

Nontaxable benefits

$0 + $1,532 related

Filer's total

$0 + $456,443 related
CHAD JURGENS

BCH CFO

Total calculated

$269,799

From this org

$0

From related orgs

$252,324

Other

$17,475

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $252,324 related

Bonus

$0

Other

$0

Deferred

$0 + $14,955 related

Nontaxable benefits

$0 + $2,520 related

Filer's total

$0 + $269,799 related
PATTY KAUFMAN

SECRETARY/TREASURER

Total calculated

$0

Hours/week

1 + 1 related
JAMES BAUER

MEMBER

Total calculated

$0

Hours/week

1
LARRY THIMM

MEMBER

Total calculated

$0

Hours/week

1
JAMES ENSZ

CHAIRMAN

Total calculated

$0

Hours/week

1
JANA ROBERTSON

VICE CHAIRMAN

Total calculated

$0

Hours/week

1
MARK BATHEL

MEMBER

Total calculated

$0

Hours/week

1
FLOICE MEYER

RESIDENT BOARD MEMBER

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. 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

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
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, SCHEDULE J, PART II, AND FORM 990, PART VII: THE COMPENSATION OF CHAD JURGENS AND RICK HARALDSON IS PAID BY A RELATED ORGANIZATION, BEATRICE COMMUNITY HOSPITAL AND HEALTH CENTER, INC. BEATRICE COMMUNITY HOSPITAL AND HEALTH CENTER, INC. UTILIZES FORM 990 OF OTHER ORGANIZATIONS, A WRITTEN EMPLOYMENT AGREEMENT, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE CEO AND CFO.

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.

BEATRICE COMMUNITY HOSP & HEALTH CARE

501(C)(3) · HEALTHCARE · NE

Directly controlled by NA
BEATRICE COMMUNITY HOSP FOUNDATION INC

501(C)(3) · SUPPORT · NE · controlled entity

Directly controlled by BCHHC

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.

Related corporations and trusts

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

PHYSICIAN'S BUILDING INC

C CORP · OFFICE RENTAL · NE · share of income $0 · share of assets $0 · controlled entity

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 August 2024
IRS schema version: 2022v5.0
Source object: 202432019349300923

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

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