Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $104,172

• 1f · All other contributions, gifts and grants

  $1,025,345

• 1g · Noncash contributions included above

  $19,673

• 3 · Investment income

  total $16,764 · excluded $16,764

• 8a · Fundraising events: gross income

  $60,427

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

  $104,172

• 8b · Fundraising events: direct expenses

  $60,427

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $70,929

• 10b · Cost of goods sold

  $28,386

• 10c · Net income from sales of inventory

  total $42,543 · excluded $42,543

• 11a · Other revenue: OTHER REVENUE

  total $604,455 · excluded $604,455

• 11e · Other revenue, total

  $604,455

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $589,721 · program services $544,337 · management and general $45,384

• 9 · Other employee benefits

  total $110,514 · program services $110,514

• 11b · Fees: legal

  total $2,736 · program services $2,736

• 11c · Fees: accounting

  total $984 · program services $984

• 11g · Fees: other

  total $4,944 · program services $4,944

• 12 · Advertising and promotion

  total $3,108 · program services $3,108

• 13 · Office expenses

  total $47,027 · program services $46,917 · management and general $110

• 19 · Conferences, conventions and meetings

  total $1,629 · program services $1,629

• 22 · Depreciation, depletion and amortization

  total $716 · program services $716

• 23 · Insurance

  total $14,160 · management and general $14,160

• 24a · Other expenses: CULTIVATION EVENTS

  total $13,570 · program services $13,570

• 24b · Other expenses: DEVELOPMENT

  total $4,637 · program services $4,637

• 24c · Other expenses: FUND ACTIVITY

  total $3,986 · program services $3,986

• 24d · Other expenses: CREDIT CARD, BANK, & OT

  total $3,832 · program services $3,832

• 24e · All other expenses

  total $31,834 · program services $31,834

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,746,140 · end of year $3,428,089

• 3 · Pledges and grants receivable

  beginning of year $2,408,709 · end of year $1,513,434

• 9 · Prepaid expenses and deferred charges

  end of year $30,000

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

  $12,452

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

  $2,905

• 10c · Land, buildings and equipment, net

  beginning of year $10,264 · end of year $9,547

• 12 · Investments: other securities

  beginning of year $16,334,914 · end of year $14,341,425

• 15 · Other assets

  beginning of year $70,027 · end of year $2,175

• 17 · Accounts payable and accrued expenses

  beginning of year $3,981 · end of year $4,240

• 25 · Other liabilities

  beginning of year $93,962 · end of year $330,356

• 27 · Net assets without donor restrictions

  beginning of year $2,830,326 · end of year $3,194,845

• 28 · Net assets with donor restrictions

  beginning of year $18,641,785 · end of year $15,795,229

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3

THE COMPENSATION OF THE CEO IS DETERMINED BY SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH USED THE FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE COMPENSATION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SILVER SPRING HEALTH CARE MANAGEMENT

  C · HOLDING COMPANY · RI · 100% owned · controlled entity

  Directly controlled by SCH HEALTHCARE

• SOUTH COUNTY QUALITY CARE

  C · PERSONAL CARE · RI · 100% owned · controlled entity

  Directly controlled by SS HEALTHCARE

• SSHM SURGICAL SUPPLY INC

  C · RETAIL OF MED EQP · RI · 100% owned · controlled entity

  Directly controlled by SS HEALTHCARE

• CHARITABLE REMAINDER TRUSTS (3)

  T · CHARITABLE TRUST · RI · controlled entity