Skip to content
Nonprofiteer
← CONWAY HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by CONWAY HOSPITAL FOUNDATION INC.

Totals

Total revenue
$776,874
Total expenses
$353,138
Contributions and grants received
$560,634
Grants paid
$329,350
Program service revenue
$0
Investment income
$251,489
Other revenue
-$35,249
Total assets, end of year
$6,899,377
Total liabilities, end of year
$23,189
Net assets or fund balances, end of year
$6,876,188
Program services expenses (Part IX)
$329,350
Management and general expenses
$23,788
Fundraising expenses
$0
Program service expenses (Part III)
$329,350

Program services were 93.3% 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.

  • 1c · Fundraising events

    $217,806

  • 1d · Related organizations

    $71,450

  • 1f · All other contributions, gifts and grants

    $271,378

  • 1g · Noncash contributions included above

    $21,429

  • 3 · Investment income

    total $145,626 · excluded $145,626

  • 7a · Gross sales of assets other than inventory

    securities $988,200

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

    securities $882,337

  • 7c · Gain or loss

    securities $105,863

  • 7d · Net gain or loss

    total $105,863 · excluded $105,863

  • 8a · Fundraising events: gross income

    $98,500

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

    $217,806

  • 8b · Fundraising events: direct expenses

    $133,749

  • 8c · Net income from fundraising events

    total -$35,249 · excluded -$35,249

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,350 · program services $329,350

  • 11g · Fees: other

    total $16,583 · management and general $16,583

  • 23 · Insurance

    total $7,205 · management and general $7,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,621 · end of year $160,389

  • 3 · Pledges and grants receivable

    beginning of year $138,601 · end of year $90,323

  • 11 · Investments: publicly traded securities

    beginning of year $5,560,437 · end of year $6,575,784

  • 12 · Investments: other securities

    beginning of year $27,000 · end of year $45,000

  • 15 · Other assets

    beginning of year $23,807 · end of year $27,881

  • 17 · Accounts payable and accrued expenses

    beginning of year $85 · end of year $2,106

  • 18 · Grants payable

    beginning of year $12,567 · end of year $21,083

  • 27 · Net assets without donor restrictions

    beginning of year $1,858,230 · end of year $2,104,701

  • 28 · Net assets with donor restrictions

    beginning of year $4,148,584 · end of year $4,771,487

Mission and programs · 2022

Mission

THE CONWAY HOSPITAL FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1988 AS A CHARITABLE ORGANIZATION TO PROVIDE SUPPORT TO CONWAY HOSPITAL IN ITS EFFORT TO FULLFILL ITS MISSION AND GOALS. (SEE SCHEDULE O) DESCRIPTION OF ORGANIZATION MISSIONTHE FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF ALL INDIVIDUALS IN THE CONWAY HOSPITAL SERVICE AREA. THE ORGANIZATION DEVELOPS COOPERATION BETWEEN THE HOSPITAL STAFF AND BOARD, MEDICAL STAFF, THE COMMUNITY, AND OTHER SUPPORTING ORGANIZATIONS THROUGH EDUCATIONAL AND PROMOTIONAL ACTIVITIES. RESOURCES FOR THE FOUNDATION DERIVE FROM FUND RAISING, DONATIONS, GRANTS, AND OTHER SOURCES WHERE APPROPRIATE TO ASSURE LONG TERM GROWTH AND DEVELOPMENT. CRITICAL SUCCESS FACTORS: DEVELPOMENT OF FINANCIAL RESOURCES, MANAGEMENT OF FINANCIAL AND OR HUMAN RESOURSES, RESPONSIVENESS TO THE HOSPITAL, COMMITMENT TO PLANNING, LEADERSHIP BY BOARD AND STAFF.

Activities or mission (Part I)

FUND RAISING FOR ADVANCEMENT OF HEALTH CARE OBJECTIVES OF CONWAY HOSPITAL, INC.

  • TO PROVIDE FINANCIAL ASSISTANCE FOR HOSPITAL PROJECTS RELATED TO NURSING, SCHOLARSHIPS, COMMUNITY OUTREACH, MATERNAL/CHILD CARE AND HEALTH REACH SERVICES FOR THE UNDERPRIVILEGED THROUGH CONWAY HOSPITAL, INC. AND AFFILIATES.

    Expenses $329,350 · Grants $329,350

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bret Barr

    PRESIDENT (TO 12/22); DIRECTOR

    Total calculated
    $897,466
    From this org
    $0
    From related orgs
    $848,609
    Other
    $48,857
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,635 related
    Bonus
    $0 + $92,907 related
    Other
    $0 + $15,067 related
    Deferred
    $0 + $16,517 related
    Nontaxable benefits
    $0 + $32,340 related
    Filer's total
    $0 + $897,466 related

  • Brian Argo

    TREAS (TO 12/22); PRES (AS OF 01/23)

    Total calculated
    $502,193
    From this org
    $0
    From related orgs
    $454,044
    Other
    $48,149
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $406,681 related
    Bonus
    $0 + $21,500 related
    Other
    $0 + $25,863 related
    Deferred
    $0 + $14,486 related
    Nontaxable benefits
    $0 + $33,663 related
    Filer's total
    $0 + $502,193 related

  • Christy Everette

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Delan Stevens

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Srinivas Vuppala

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Reginald Daves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marjorie O'Grady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Harper

    DIRECTOR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Robert Hucks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Jenerette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Marsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George McGrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin McHugh

    DIRECTOR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Wayne Staton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Sligh

    DIRECTOR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Heather Von Herrmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Mier

    TREASURER (AS OF 01/23)

    Total calculated
    $260,136
    From this org
    $0
    From related orgs
    $250,029
    Other
    $10,107
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,279 related
    Bonus
    $0 + $65,750 related
    Other
    $0
    Deferred
    $0 + $1,938 related
    Nontaxable benefits
    $0 + $8,169 related
    Filer's total
    $0 + $260,136 related

  • Ted Milford

    VICE PRESIDENT, FOUNDATION

    Total calculated
    $299,947
    From this org
    $0
    From related orgs
    $269,776
    Other
    $30,171
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,876 related
    Bonus
    $0 + $12,900 related
    Other
    $0
    Deferred
    $0 + $8,478 related
    Nontaxable benefits
    $0 + $21,693 related
    Filer's total
    $0 + $299,947 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)

PART I, LINE 3
A RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY AND APPROVAL BY THE COMPENSATION COMMITTEE.
PART I, LINE 4B
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN COMPENSATION FOR KEY EXECUTIVES IS PROVIDED BY A RELATED ENTITY CONWAY HOSPITAL, INC. DURING THE YEAR ENDED SEPTEMBER 30, 2023 CONWAY HOSPITAL, INC. AND KEY EXECUTIVES HELD JOINTLY OWNED SPLIT-DOLLAR AGREEMENTS THROUGH AN INSURANCE COMPANY. THE FOLLOWING EXECUTIVES PARTICIPATED IN THE PLAN DURING THE YEAR: BRET BARR CERTAIN EXECUTIVES PARTICIPATED IN A CAPITAL ACCUMULATION PLAN PROVIDED BY THE COMPANY. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THE PLAN. ALL AMOUNTS ARE INCLUDED IN THE EMPLOYEE'S W-2. BRET BARR - $15,067 BRIAN ARGO - $10,841

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

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
14 August 2024
IRS schema version
2022v5.0
Source object
202422279349302302

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

The source document this was parsed from is served over the API, which is where bulk and document access live.