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Nonprofiteer
← SWOPE HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by SWOPE HEALTH FOUNDATION.

Totals

Total revenue
$1,730,471
Total expenses
$6,620,263
Contributions and grants received
$324,323
Grants paid
$5,972,950
Program service revenue
$0
Investment income
$1,406,039
Other revenue
$109
Total assets, end of year
$54,239,743
Total liabilities, end of year
$9,773,083
Net assets or fund balances, end of year
$44,466,660
Program services expenses (Part IX)
$6,516,263
Management and general expenses
$0
Fundraising expenses
$104,000
Program service expenses (Part III)
$6,516,263

Program services were 98.4% 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.

  • 1f · All other contributions, gifts and grants

    $324,323

  • 3 · Investment income

    total $1,319,841 · excluded $1,319,841

  • 7a · Gross sales of assets other than inventory

    securities $912,555

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

    securities $826,357

  • 7c · Gain or loss

    securities $86,198

  • 7d · Net gain or loss

    total $86,198 · excluded $86,198

  • 11a · Other revenue: OTHER INCOME

    total $109 · excluded $109

  • 11e · Other revenue, total

    $109

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,972,950 · program services $5,972,950

  • 5 · Compensation of officers, directors and key employees

    total $217,934 · program services $217,934

  • 8 · Pension plan contributions

    total $6,222 · program services $6,222

  • 9 · Other employee benefits

    total $21,506 · program services $21,506

  • 10 · Payroll taxes

    total $12,753 · program services $12,753

  • 11c · Fees: accounting

    total $4,332 · program services $4,332

  • 11e · Fees: professional fundraising services

    total $104,000 · fundraising $104,000

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $19,545 · program services $19,545

  • 13 · Office expenses

    total $392 · program services $392

  • 20 · Interest

    total $230,660 · program services $230,660

  • 24a · Other expenses: MISCELLANEOUS

    total $1,937 · program services $1,937

  • 24b · Other expenses: BANK CHARGES

    total $532 · program services $532

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,524,724 · end of year $5,717,954

  • 7 · Other notes and loans receivable

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

  • 11 · Investments: publicly traded securities

    beginning of year $24,396,434 · end of year $30,223,496

  • 12 · Investments: other securities

    beginning of year $8,543,049 · end of year $7,914,473

  • 15 · Other assets

    beginning of year $6,601,871 · end of year $308,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $88,300 · end of year $109,621

  • 19 · Deferred revenue

    beginning of year $0 · end of year $2,500,000

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $0 · end of year $163,462

  • 27 · Net assets without donor restrictions

    beginning of year $45,053,578 · end of year $44,466,660

Mission and programs · 2023

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 (FOUNDATION) PROVIDES SUPPORT TO SWOPE HEALTH SERVICES (SWOPE HEALTH) TO ESTABLISH DEVELOPMENT AND FUNDRAISING STRATEGIES AND FUNCTIONS AS PART OF THE SWOPE HEALTH'S 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 $6,516,263 · Grants $5,972,950

As filed on the 2023 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
    $507,884
    From this org
    $0
    From related orgs
    $477,131
    Other
    $30,753
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,495 related
    Bonus
    $0 + $57,540 related
    Other
    $0 + $7,096 related
    Deferred
    $0 + $13,500 related
    Nontaxable benefits
    $0 + $17,253 related
    Filer's total
    $0 + $507,884 related

  • Angela Smart

    EXECUTIVE DIRECTOR

    Total calculated
    $214,495
    From this org
    $192,060
    From related orgs
    $0
    Other
    $22,435
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $176,233
    Bonus
    $15,000
    Other
    $827
    Deferred
    $6,223
    Nontaxable benefits
    $16,212
    Filer's total
    $214,495

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 (FOUNDATION) 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

  • SWOPE HEALTH SERVICES

    $5,972,546

    GENERAL SUPPORT FOR SWOPE HEALTH SERVICES AND BUILDING CONSTRUCTION SUPPORT FOR PACE KC

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
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202402979349300620

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