Form 990 for tax year 2023
Filed by MIDWEST BUSINESS GROUP ON HEALTH.
Totals
- Total revenue
- $1,838,731
- Total expenses
- $1,767,012
- Contributions and grants received
- $804,735
- Grants paid
- $0
- Program service revenue
- $973,498
- Investment income
- $47,332
- Other revenue
- $13,166
- Total assets, end of year
- $2,034,769
- Total liabilities, end of year
- $945,484
- Net assets or fund balances, end of year
- $1,089,285
- Program services expenses (Part IX)
- $1,364,919
- Management and general expenses
- $319,835
- Fundraising expenses
- $82,258
- Program service expenses (Part III)
- $1,364,919
Program services were 77.2% 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.
-
1b · Membership dues
$497,415
-
1e · Government grants (contributions)
$98,897
-
1f · All other contributions, gifts and grants
$208,423
-
2a · Program service revenue: CONFERENCE MEETINGS
total $946,831 · related or exempt $946,831
-
2b · Program service revenue: PARTICIPATION AND PROJECT FEES
total $26,667 · related or exempt $26,667
-
3 · Investment income
total $42,726 · excluded $42,726
-
7a · Gross sales of assets other than inventory
securities $178,542
-
7b · Less cost or other basis and sales expenses
securities $171,942 · other assets $1,994
-
7c · Gain or loss
securities $6,600 · other assets -$1,994
-
7d · Net gain or loss
total $4,606
-
11a · Other revenue: HONORARIUMS
total $9,130 · related or exempt $9,130
-
11b · Other revenue: MISCELLANEOUS
total $4,036 · related or exempt $4,036
-
11e · Other revenue, total
$13,166
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $207,470 · program services $155,603 · management and general $41,494 · fundraising $10,373
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $575,339 · program services $431,504 · management and general $115,068 · fundraising $28,767
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $116,348 · program services $87,261 · management and general $23,270 · fundraising $5,817
-
10 · Payroll taxes
total $56,214 · program services $41,243 · management and general $11,977 · fundraising $2,994
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $28,950 · program services $10,428 · management and general $17,916 · fundraising $606
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $171,745 · program services $129,816 · management and general $16,306 · fundraising $25,623
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $64,054 · program services $49,536 · management and general $11,215 · fundraising $3,303
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $37,662 · program services $28,249 · management and general $7,530 · fundraising $1,883
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $456,553 · program services $394,022 · management and general $60,331 · fundraising $2,200
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,340 · management and general $1,340
-
23 · Insurance
total $19,742 · program services $17,768 · management and general $1,974
-
24a · Other expenses: DUES SUBSCRIPTIONS
total $5,609 · management and general $5,609
-
24b · Other expenses: TELEPHONE
total $13,839 · program services $10,379 · management and general $2,768 · fundraising $692
-
24c · Other expenses: BANK CREDIT CARD FEES
total $12,147 · program services $9,110 · management and general $3,037
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $599,490 · end of year $673,795
-
4 · Accounts receivable
beginning of year $116,076 · end of year $233,860
-
9 · Prepaid expenses and deferred charges
beginning of year $76,889 · end of year $77,928
-
10a · Land, buildings and equipment: cost or other basis
$15,603
-
10b · Land, buildings and equipment: accumulated depreciation
$2,628
-
10c · Land, buildings and equipment, net
beginning of year $9,673 · end of year $12,975
-
11 · Investments: publicly traded securities
beginning of year $787,207 · end of year $988,940
-
15 · Other assets
beginning of year $66,500 · end of year $47,271
-
17 · Accounts payable and accrued expenses
beginning of year $197,180 · end of year $112,085
-
19 · Deferred revenue
beginning of year $511,366 · end of year $833,399
-
27 · Net assets without donor restrictions
beginning of year $947,289 · end of year $1,089,285
Mission and programs · 2023
Mission
THE CORPORATION OPERATES EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES, CONCENTRATING ON THE IMPLICATIONS AND CONSEQUENCES OF EMPLOYER SPONSORSHIP OF HEALTH CARE BENEFIT PLANS AND HEALTH IMPROVEMENT PROGRAMS.
-
CONFERENCES AND EDUCATION - SPEAKERS TO DISCUSS CHANGES IN LAW, MEDICAL REIMBURSEMENT, ETC. VALUE PURCHASING - TEACHING HOW TO MAXIMIZE HEALTH CARE DOLLARS WHEN PURCHASING DIFFERENT HEALTH INSURANCE. CONSUMER INFORMATION - INFORMING PARTICIPANTS OF HEALTH CARE MATTERS AND GENERAL UPDATES ON RELEVANT HEALTH CARE INDUSTRY CHANGES.
Expenses $1,364,919
As filed on the 2023 return.
Listed in Part VII
-
Cheryl LarsonCHERYL LARSON
BOARD PRESIDENT
- Total calculated
- $207,470
- From this org
- $207,470
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,470
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $207,470
-
Karen Jaffee CofskyKAREN JAFFEE COFSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Carol PartingtonCAROL PARTINGTON
TREASURER
- Total calculated
- $0
- Hours/week
- 16
-
Tara ShermanTARA SHERMAN
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 16
-
Marilyn BartlettMARILYN BARTLETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Frank JanecekFRANK JANECEK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Alex JungALEX JUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Carole MendozaCAROLE MENDOZA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 16
-
Rebecca Lueken-StewartREBECCA LUEKEN-STEWART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Steven SchlangeSTEVEN SCHLANGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Sherri Samuels-FuerstSHERRI SAMUELS-FUERST
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 16
-
Teresa FleschTERESA FLESCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 6
-
Pamela HannonPAMELA HANNON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 16
-
Nicole MartelNICOLE MARTEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Steven SfikasSTEVEN SFIKAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Joe TonioloJOE TONIOLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Wendy McLaurinWENDY MCLAURIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Heather DenkertHEATHER DENKERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Jason DuhonJASON DUHON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Drenard BullockDRENARD BULLOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 9
-
Matt DeeganMATT DEEGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 6
-
Dan DentzerDAN DENTZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 6
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
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MIDWEST HEALTH PURCHASERS
C Corp · BENEFITS · IL · 100% owned · share of income $32,210 · share of assets $17,878
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349310404
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