Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $206,068

• 1f · All other contributions, gifts and grants

  $1,948,292

• 1g · Noncash contributions included above

  $40,650

• 3 · Investment income

  total $87,323 · excluded $87,323

• 7a · Gross sales of assets other than inventory

  securities $450,000

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

  securities $460,663

• 7c · Gain or loss

  securities -$10,663

• 7d · Net gain or loss

  total -$10,663 · excluded -$10,663

• 8a · Fundraising events: gross income

  $124,632

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

  $206,068

• 8b · Fundraising events: direct expenses

  $117,842

• 8c · Net income from fundraising events

  total $6,790 · excluded $6,790

• 9a · Gaming: gross income

  $16,376

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $16,376 · excluded $16,376

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,595,750 · program services $1,595,750

• 11f · Fees: investment management

  total $5,094 · management and general $5,094

• 11g · Fees: other

  total $9,875 · management and general $9,875

• 24a · Other expenses: FUNDRAISING EXPENSE

  total $119,782 · program services $0 · management and general $0 · fundraising $119,782

• 24b · Other expenses: OTHER EXPENSES

  total $12,838 · program services $0 · management and general $12,838 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $338,896 · end of year $220,952

• 2 · Savings and temporary cash investments

  beginning of year $2,654,719 · end of year $2,170,900

• 3 · Pledges and grants receivable

  beginning of year $296,306 · end of year $214,159

• 11 · Investments: publicly traded securities

  beginning of year $1,487,580 · end of year $3,125,687

• 15 · Other assets

  beginning of year $456,061 · end of year $436,905

• 17 · Accounts payable and accrued expenses

  beginning of year $0 · end of year $90

• 19 · Deferred revenue

  beginning of year $40,325 · end of year $45,498

• 25 · Other liabilities

  beginning of year $70,994 · end of year $28,449

• 27 · Net assets without donor restrictions

  beginning of year $1,285,535 · end of year $1,558,525

• 28 · Net assets with donor restrictions

  beginning of year $3,836,708 · end of year $4,536,041

The filer's explanations (Part III)

PART I, LINE 1A

PEACEHEALTH (A RELATED ORGANIZATION) HAS POLICES REGARDING THE ELIGIBILITY OF EXECUTIVES FOR THESE ITEMS. FOR EXAMPLE TRAVEL FOR COMPANIONS AND HOUSING ALLOWANCES ARE RELATED TO RELOCATION BENEFITS OR FIRST CLASS TRAVEL FOR FLIGHTS EXCEEDING SIX HOURS IN DURATION. THESE BENEFITS WERE REPORTED AND TREATED AS TAXABLE.

PART I, LINE 3

THE FOUNDATION EXECUTIVE DIRECTOR IS COMPENSATED BY PEACE HEALTH (A RELATED ORGANIZATION ) WHICH USES A MARKET BASED COMPENSATION PROGRAM UTILIZING SEVERAL INDEPENDENT THIRD PARTY COMPENSATION MARKET SURVEYS TO ESTABLISH PAY RANGES FOR THE POSITION. PEACE HEALTH THEN ESTABLISHES THE INDIVIDUAL RATE OF PAY WITHIN THE PAY RANGE BASED ON RELEVANT EXPERIENCE / SKILLS / COMPETENCE TO DO THE JOB. THIS RATE, OFFERED TO THE EXECUTIVE DIRECTOR AT TIME OF HIRE, WAS DETERMINED THROUGH A DISCUSSION BETWEEN THE REGIONAL CEO, REGIONAL DIRECTOR OF HUMAN RESOURCES AND THE ADMINISTRATIVE DIRECTOR OF HUMAN RESOURCES. THE RANGES AND RATE OF PAY ARE REVIEWED ON AN ANNUAL BASIS.

PART I, LINE 4B

PEACEHEALTH (A RELATED ORGANIZATION) HAS POLICES REGARDING THE ELIGIBILITY OF EXECUTIVES FOR THESE ITEMS. BOARD MEMBERS LISTED ON SCHEDULE J ARE EMPLOYEES OF PEACEHEALTH (A RELATED ORGANIZATION) AND PEACEHEALTH'S CEO, EXECUTIVE VICE PRESIDENT, SENIOR VICE PRESIDENT, CERTAIN PHYSICIANS AND OTHER HIGHLY COMPENSATED EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN VARIOUS NONQUALIFIED RETIREMENT PLANS. CONTRIBUTIONS TO THESE PLANS AND RELATED INVESTMENT RETURNS ARE DISCLOSED ON SCHEDULE J AS DEFERRED COMPENSATION AND AS BONUS COMPENSATION WHEN PAID TO THE INDIVIDUAL.