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← SWOPE HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by SWOPE HEALTH FOUNDATION.

Totals

Total revenue
$12,856,938
Total expenses
$3,951,837
Contributions and grants received
$10,903,353
Grants paid
$3,303,300
Program service revenue
$0
Investment income
$1,953,100
Other revenue
$485
Total assets, end of year
$52,141,878
Total liabilities, end of year
$7,088,300
Net assets or fund balances, end of year
$45,053,578
Program services expenses (Part IX)
$3,827,837
Management and general expenses
$0
Fundraising expenses
$124,000
Program service expenses (Part III)
$3,827,837

Program services were 96.9% 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.

  • 1d · Related organizations

    $6,477,250

  • 1f · All other contributions, gifts and grants

    $4,426,103

  • 3 · Investment income

    total $929,684 · excluded $929,684

  • 7a · Gross sales of assets other than inventory

    securities $4,481,976

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

    securities $3,458,560

  • 7c · Gain or loss

    securities $1,023,416

  • 7d · Net gain or loss

    total $1,023,416 · excluded $1,023,416

  • 11a · Other revenue: OTHER INCOME

    total $485 · excluded $485

  • 11e · Other revenue, total

    $485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,303,300 · program services $3,303,300

  • 5 · Compensation of officers, directors and key employees

    total $177,582 · program services $177,582

  • 8 · Pension plan contributions

    total $5,663 · program services $5,663

  • 9 · Other employee benefits

    total $14,196 · program services $14,196

  • 10 · Payroll taxes

    total $11,417 · program services $11,417

  • 11c · Fees: accounting

    total $4,226 · program services $4,226

  • 11e · Fees: professional fundraising services

    total $124,000 · fundraising $124,000

  • 11f · Fees: investment management

    total $27,500 · program services $27,500

  • 11g · Fees: other

    total $27,750 · program services $27,750

  • 13 · Office expenses

    total $605 · program services $605

  • 20 · Interest

    total $182,000 · program services $182,000

  • 24a · Other expenses: LOAN FEES

    total $70,000 · program services $70,000

  • 24b · Other expenses: MISCELLANEOUS

    total $2,912 · program services $2,912

  • 24c · Other expenses: BANK CHARGES

    total $686 · program services $686

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $696,670 · end of year $2,524,724

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $10,075,800

  • 11 · Investments: publicly traded securities

    beginning of year $32,566,338 · end of year $24,396,434

  • 12 · Investments: other securities

    beginning of year $10,102,495 · end of year $8,543,049

  • 15 · Other assets

    beginning of year $317,895 · end of year $6,601,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,261 · end of year $88,300

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $7,000,000

  • 25 · Other liabilities

    beginning of year $229,309 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $43,441,828 · end of year $45,053,578

Mission and programs · 2022

Mission

THE MISSION OF THE SWOPE HEALTH FOUNDATION IS TO ENCOURAGE EVERY SEGMENT OF THE GREATER KANSAS CITY AREA TO MAKE GENEROUS CONTRIBUTIONS TO SWOPE HEALTH SERVICES SO IT MAY CONTINUE TO PROVIDE QUALITY HEALTH CARE TO MEDICALLY INDIGENT CITIZENS OF GREATER KANSAS CITY.

Activities or mission (Part I)

SWOPE HEALTH FOUNDATION WAS CREATED TO RAISE FUNDS TO SUPPORT SWOPE HEALTH SERVICES.

  • SWOPE HEALTH FOUNDATION (SHF) PROVIDES SUPPORT TO SWOPE HEALTH SERVICES (SHS) TO ESTABLISH DEVELOPMENT AND FUNDRAISING STRATEGIES AND FUNCTIONS AS PART OF THE SHS LONG-TERM STRATEGIC PLAN. NEW OPERATIONAL STRATEGIES ARE IN PROCESS FOR 2023 WITH A GOAL TO CREATE MODELS FOR CONDUCTING, TRACKING AND REPORTING ON CAPITAL CAMPAIGNS, ANNUAL FUND DRIVES AND FUNDRAISING EVENTS.

    Expenses $3,827,837 · Grants $3,303,300

As filed on the 2022 return.

Listed in Part VII

  • Dr Linda Adkison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dana Cutler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeron Ravin

    PRESIDENT

    Total calculated
    $400,002
    From this org
    $0
    From related orgs
    $373,944
    Other
    $26,058
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,550 related
    Bonus
    $0
    Other
    $0 + $7,394 related
    Deferred
    $0 + $9,268 related
    Nontaxable benefits
    $0 + $16,790 related
    Filer's total
    $0 + $400,002 related

  • Angela Smart

    EXECUTIVE DIRECTOR

    Total calculated
    $188,880
    From this org
    $156,813
    From related orgs
    $0
    Other
    $32,067
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $155,686
    Bonus
    $1,127
    Other
    $0
    Deferred
    $5,664
    Nontaxable benefits
    $26,403
    Filer's total
    $188,880

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

The filer's explanations (Part III)

PART I, LINE 3
SWOPE HEALTH SERVICES', A RELATED ORGANIZATION, BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. SWOPE HEALTH SERVICES USES A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION.

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
20 October 2023
IRS schema version
2022v5.0
Source object
202302989349301640

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