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Nonprofiteer
← OBCC OTHELLO QALICB

Form 990 for tax year 2022

Filed by OBCC OTHELLO QALICB.

Totals

Total revenue
$361,887
Total expenses
$3,282,196
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$357,000
Investment income
$4,887
Other revenue
$0
Total assets, end of year
$47,143,367
Total liabilities, end of year
$33,933,401
Net assets or fund balances, end of year
$13,209,966
Program services expenses (Part IX)
$3,247,020
Management and general expenses
$35,176
Fundraising expenses
$0
Program service expenses (Part III)
$3,247,020

Program services were 98.9% 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: CLINIC LEASE REVENUE

    total $357,000 · related or exempt $357,000

  • 3 · Investment income

    total $4,887 · excluded $4,887

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $628 · management and general $628

  • 11c · Fees: accounting

    total $34,315 · management and general $34,315

  • 11g · Fees: other

    total $123,756 · program services $123,756

  • 13 · Office expenses

    total $233 · management and general $233

  • 20 · Interest

    total $336,800 · program services $336,800

  • 22 · Depreciation, depletion and amortization

    total $2,786,464 · program services $2,786,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $729 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $6,758,312 · end of year $691,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $719,114 · end of year $696,804

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

    $50,167,433

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

    $4,411,901

  • 10c · Land, buildings and equipment, net

    beginning of year $48,541,996 · end of year $45,755,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,600 · end of year $252,600

  • 23 · Secured mortgages and notes payable

    beginning of year $33,680,000 · end of year $33,680,000

  • 25 · Other liabilities

    beginning of year $5,957,276 · end of year $801

  • 27 · Net assets without donor restrictions

    beginning of year $16,130,275 · end of year $13,209,966

Mission and programs · 2022

Mission

TO FURTHER SEATTLE CHILDREN'S HOSPITAL'S (SCH) MISSION OF PROVIDING MORE CARE, CURES, AND HOPE TO FAMILIES BY SUPPORTING THE CONSTRUCTION OF A NEW HEALTHCARE CLINIC LOCATED WITHIN A MEDICALLY UNDERSERVED COMMUNITY FOR USE BY SCH, THE SUPPORTED ORGANIZATION.

Activities or mission (Part I)

TO SUPPORT SEATTLE CHILDREN'S HOSPITAL BY SUPPORTING THE FINANCING OF A NEW HEALTHCARE CLINIC.

  • DURING THE FISCAL YEAR, OBCC OTHELLO QALICB (WHICH STANDS FOR ODESSA BROWN CHILDREN'S CLINIC AT OTHELLO - QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS) CONTINUED TO SUPPORT THE MISSION OF SCH BY FINANCING THE NEW HEALTHCARE CLINIC AND LEASING THE CLINIC PROPERTY AND EQUIPMENT TO SCH.

    Expenses $3,247,020 · Revenue $357,000

As filed on the 2022 return.

Listed in Part VII

  • Suzanne Beitel

    PRESIDENT (THRU 06/23), TREASURER

    Total calculated
    $560,633
    From this org
    $0
    From related orgs
    $520,763
    Other
    $39,870
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $410,373 related
    Bonus
    $0 + $108,067 related
    Other
    $0 + $2,323 related
    Deferred
    $0 + $20,437 related
    Nontaxable benefits
    $0 + $19,433 related
    Filer's total
    $0 + $560,633 related

  • Russell Williams

    TREASURER (THRU 06/23)

    Total calculated
    $548,550
    From this org
    $0
    From related orgs
    $498,131
    Other
    $50,419
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $390,571 related
    Bonus
    $0 + $106,541 related
    Other
    $0 + $1,019 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $27,544 related
    Filer's total
    $0 + $548,550 related

  • Tanya Seaton

    PRESIDENT (FROM 06/23)

    Total calculated
    $427,451
    From this org
    $0
    From related orgs
    $407,525
    Other
    $19,926
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,610 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $8,915 related
    Deferred
    $0 + $7,775 related
    Nontaxable benefits
    $0 + $12,151 related
    Filer's total
    $0 + $427,451 related

  • Laurie Oki

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Molly Nordstrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Williams Jr

    DIRECTOR

    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

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
11 June 2024
IRS schema version
2022v5.0
Source object
202401649349301705

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