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Nonprofiteer
← GROVE CITY HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2022

Filed by GROVE CITY HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$1,133,068
Total expenses
$405,512
Contributions and grants received
$0
Grants paid
$305,000
Program service revenue
$0
Investment income
$1,133,068
Other revenue
$0
Total assets, end of year
$30,299,197
Total liabilities, end of year
$6,250
Net assets or fund balances, end of year
$30,292,947
Program services expenses (Part IX)
$305,000
Management and general expenses
$100,512
Fundraising expenses
$0
Program service expenses (Part III)
$305,000

Program services were 75.2% 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.

  • 3 · Investment income

    total $1,156,737 · excluded $1,156,737

  • 7a · Gross sales of assets other than inventory

    securities $2,045,885

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

    securities $2,069,554

  • 7c · Gain or loss

    securities -$23,669

  • 7d · Net gain or loss

    total -$23,669 · excluded -$23,669

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $295,000 · program services $295,000

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 11c · Fees: accounting

    total $1,265 · management and general $1,265

  • 11f · Fees: investment management

    total $68,008 · management and general $68,008

  • 11g · Fees: other

    total $25,000 · management and general $25,000

  • 23 · Insurance

    total $6,239 · management and general $6,239

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $57,305 · end of year $53,005

  • 11 · Investments: publicly traded securities

    beginning of year $27,370,654 · end of year $30,246,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,250 · end of year $6,250

  • 27 · Net assets without donor restrictions

    beginning of year $27,421,709 · end of year $30,292,947

Mission and programs · 2022

Mission

TO INVEST BROADLY IN CHARITABLE, HEALTH CARE AND WELLNESS INITIATIVES IN THE GROVE CITY REGIONAL AREA, INCLUDING MAKING CONTRIBUTIONS TO SUPPORT EXISTING PROGRAMS, SERVICES AND FACILITY ENHANCEMENTS, AS WELL AS NEW PROGRAMS, FACILITIES AND SERVICES; TO IDENTIFY AND ADDRESS THE DIVERSE HEALTH CARE AND WELLNESS NEEDS OF PERSONS WITHIN THE GROVE CITY REGIONAL AREA; TO SERVE AT ALL TIMES AS A COMMUNITY ASSET FOR THE BETTERMENT OF THE HEALTH CARE AND WELLNESS OF THE GROVE CITY REGIONAL AREA; AND TO ENGAGE IN ANY AND ALL ACTIVITIES CONSISTENT WITH AND IN FURTHERANCE OF THE ABOVE PURPOSES.

  • TO INVEST BROADLY IN CHARITABLE, HEALTH CARE AND WELLNESS INITIATIVES IN THE GROVE CITY REGIONAL AREA, INCLUDING MAKING CONTRIBUTIONS TO SUPPORT EXISTING PROGRAMS, SERVICES AND FACILITY ENHANCEMENTS, AS WELL AS NEW PROGRAMS, FACILITIES AND SERVICES; TO IDENTIFY AND ADDRESS THE DIVERSE HEALTH CARE AND WELLNESS NEEDS OF PERSONS WITHIN THE GROVE CITY REGIONAL AREA; TO SERVE AT ALL TIMES AS A COMMUNITY ASSET FOR THE BETTERMENT OF THE HEALTH CARE AND WELLNESS OF THE GROVE CITY REGIONAL AREA; AND TO ENGAGE IN ANY AND ALL ACTIVITIES CONSISTENT WITH AND IN FURTHERANCE OF THE ABOVE PURPOSES.

    Expenses $305,000 · Grants $305,000

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

Listed in Part VII

  • Timothy Bonner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ernest May

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Roger Towle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lee Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denzil Rupert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Matt Glenn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Heather Mourtacos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Stevenson

    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.

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
20 January 2024
IRS schema version
2022v5.0
Source object
202430399349300323

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