Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,027,838

• 1e · Government grants (contributions)

  $501,608

• 1f · All other contributions, gifts and grants

  $1,657,323

• 3 · Investment income

  total $133,710 · excluded $133,710

• 7a · Gross sales of assets other than inventory

  securities $1,231,429

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

  securities $1,208,701

• 7c · Gain or loss

  securities $22,728

• 7d · Net gain or loss

  total $22,728 · excluded $22,728

• 8a · Fundraising events: gross income

  $139,390

• 8b · Fundraising events: direct expenses

  $73,941

• 8c · Net income from fundraising events

  total $65,449 · excluded $65,449

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,899,049 · program services $2,899,049

• 5 · Compensation of officers, directors and key employees

  total $79,963 · management and general $55,974 · fundraising $23,989

• 7 · Other salaries and wages

  total $184,673 · program services $155,561 · management and general $10,056 · fundraising $19,056

• 11f · Fees: investment management

  total $24,963 · management and general $24,963

• 11g · Fees: other

  total $6,749 · management and general $6,749

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,500,050 · end of year $599,775

• 2 · Savings and temporary cash investments

  beginning of year $1,438,823 · end of year $1,758,375

• 3 · Pledges and grants receivable

  beginning of year $730,375

• 4 · Accounts receivable

  end of year $909,737

• 11 · Investments: publicly traded securities

  beginning of year $2,265,379 · end of year $59,304

• 12 · Investments: other securities

  beginning of year $1,858,764 · end of year $5,102,944

• 15 · Other assets

  end of year $54,222

• 25 · Other liabilities

  beginning of year $104,233

• 27 · Net assets without donor restrictions

  beginning of year $880,975 · end of year $1,676,173

• 28 · Net assets with donor restrictions

  beginning of year $6,808,183 · end of year $6,808,184

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION POLICY SETTING FORTH THE BOARD PHILOSOPHY WITH RESPECT TO THE COMPENSATION OF ITS OFFICERS. A COMPENSATION COMMITTEE COMPRISED OF BOARD MEMBERS HAS BEEN DELEGATED THE RESPONSIBILITY FOR ESTABLISHING COMPENSATION OF EXECUTIVES AND TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION IN KEEPING WITH THE PHILOSOPHY ESTABLISHED BY THE BOARD. THE COMPENSATION COMMITTEE HAS ENGAGED THE OUTSIDE CONSULTING FIRM OF YAFFE AND ASSOCIATES, A FIRM WHICH SPECIALIZES IN ANALYZING NON-PROFIT EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTING FIRM PERIODICALLY PROVIDES THE COMMITTEE WITH RELEVANT DATA CONCERNING THE COMPENSATION LEVELS OF EXECUTIVES OF HOSPITALS SIMILAR IN SIZE TO THE ORGANIZATION AND IN COMPARABLE GEOGRAPHIC AREAS. THE COMPENSATION COMMITTEE CONSIDERS THIS DATA TOGETHER WITH THE EXTENT TO WHICH PRE-ESTABLISHED GOALS HAVE BEEN ACCOMPLISHED AND THE FINANCIAL PERFORMANCE OF THE HOSPITAL AND ESTABLISHES THE COMPENSATION LEVEL FOR THE CHIEF EXECUTIVE OFFICER. THIS INFORMATION, AS WELL AS THE RECOMMENDATION OF THE CHIEF EXECUTIVE OFFICER IS CONSIDERED BY THE COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND CHIEF MEDICAL OFFICER.

SCHEDULE J, PAGE 2, PART II

THE FOUNDATION DOES NOT PAY ANY SALARIES, AND NO DONATIONS TO THE FOUNDATION ARE USED FOR COMPENSATION PURPOSES. ALL COMPENSATION IS PAID BY CABELL HUNTINGTON HOSPITAL AND MOUNTAIN HEALTH NETWORK.