Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $197,191

• 1f · All other contributions, gifts and grants

  $840,816

• 2f · All other program service revenue

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

• 3 · Investment income

  total $5,509 · excluded $5,509

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $782,716

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

  other assets $763,606

• 7c · Gain or loss

  securities $0 · other assets $19,110

• 7d · Net gain or loss

  total $19,110 · excluded $19,110

• 8a · Fundraising events: gross income

  $20,440

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

  $197,191

• 8b · Fundraising events: direct expenses

  $34,774

• 8c · Net income from fundraising events

  total -$14,334 · excluded -$14,334

• 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.

• 1 · Grants to domestic organizations and governments

  total $218,605 · program services $218,605

• 5 · Compensation of officers, directors and key employees

  total $116,793 · program services $21,723 · management and general $49,626 · fundraising $45,444

• 7 · Other salaries and wages

  total $126,406 · program services $23,512 · management and general $53,709 · fundraising $49,185

• 8 · Pension plan contributions

  total $5,881 · program services $1,094 · management and general $2,499 · fundraising $2,288

• 9 · Other employee benefits

  total $7,845 · program services $1,459 · management and general $3,333 · fundraising $3,053

• 10 · Payroll taxes

  total $17,694 · program services $3,291 · management and general $7,518 · fundraising $6,885

• 11c · Fees: accounting

  total $6,950 · management and general $6,950

• 11g · Fees: other

  total $2,699 · program services $502 · management and general $1,147 · fundraising $1,050

• 12 · Advertising and promotion

  total $140 · program services $140

• 13 · Office expenses

  total $14,372 · program services $11,791 · management and general $2,564 · fundraising $17

• 19 · Conferences, conventions and meetings

  total $161 · management and general $161

• 22 · Depreciation, depletion and amortization

  total $1,200 · program services $223 · management and general $510 · fundraising $467

• 24a · Other expenses: LICENSES, DUES, AND SUBSCRIPTIONS

  total $1,150 · program services $1,150

• 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 $1,251,874 · end of year $1,828,492

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $550

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

  $23,623

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

  $15,246

• 10c · Land, buildings and equipment, net

  beginning of year $5,926 · end of year $8,377

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $210,255 · end of year $213,872

• 17 · Accounts payable and accrued expenses

  beginning of year $13,575 · end of year $2,234

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $355,353 · end of year $355,353

• 27 · Net assets without donor restrictions

  beginning of year $1,099,677 · end of year $1,693,154

The filer's explanations (Part III)

Schedule J, Part I, Line 3 COMPENSATION DETERMINATION

PHELPS HEALTH, A RELATED ORGANIZATION, USES A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN DETERMINING THE COMPENSATION OF THE CEO.

Schedule J, Part I, Line 7 NONFIXED PAYMENTS

PHELPS HEALTH, A RELATED ORGANIZATION, PROVIDES CHRISTOPHER SPENCER, JASON SHENEFIELD, KERI BROOKSHIRE-HEAVIN, AND JANA COOK THE POTENTIAL TO RECEIVE ANNUAL BONUS COMPENSATION. INCENTIVE COMPENSATION IS CALCULATED BASED ON THEIR WRVU GOAL.