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Nonprofiteer
← GREAT RIVER HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by GREAT RIVER HEALTH FOUNDATION INC.

Totals

Total revenue
$2,919,748
Total expenses
$1,761,861
Contributions and grants received
$2,456,278
Grants paid
$1,736,352
Program service revenue
$0
Investment income
$465,649
Other revenue
-$2,179
Total assets, end of year
$5,612,196
Total liabilities, end of year
$80,000
Net assets or fund balances, end of year
$5,532,196
Program services expenses (Part IX)
$1,736,352
Management and general expenses
$25,509
Fundraising expenses
$0
Program service expenses (Part III)
$1,736,352

Program services were 98.6% 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.

  • 1c · Fundraising events

    $8,996

  • 1d · Related organizations

    $423,358

  • 1f · All other contributions, gifts and grants

    $2,023,924

  • 1g · Noncash contributions included above

    $3,010

  • 3 · Investment income

    total $146,769 · excluded $146,769

  • 7a · Gross sales of assets other than inventory

    securities $1,732,854

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

    securities $1,413,974

  • 7c · Gain or loss

    securities $318,880

  • 7d · Net gain or loss

    total $318,880 · excluded $318,880

  • 8a · Fundraising events: gross income

    $19,787

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

    $8,996

  • 8b · Fundraising events: direct expenses

    $22,216

  • 8c · Net income from fundraising events

    total -$2,429 · excluded -$2,429

  • 9a · Gaming: gross income

    $250

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $250 · excluded $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,276,102 · program services $1,276,102

  • 2 · Grants to domestic individuals

    total $460,250 · program services $460,250

  • 11f · Fees: investment management

    total $25,509 · management and general $25,509

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $682,525 · end of year $1,305,576

  • 3 · Pledges and grants receivable

    beginning of year $80,000 · end of year $80,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,691,784 · end of year $4,226,620

  • 19 · Deferred revenue

    beginning of year $80,000 · end of year $80,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,041,660 · end of year $5,199,547

  • 28 · Net assets with donor restrictions

    beginning of year $332,649 · end of year $332,649

Mission and programs · 2023

Mission

TO SUPPORT THE MISSION OF SOUTHEAST IOWA REGIONAL MEDICAL CENTER TO PROVIDE SUSTAINABLE QUALITY HEALTHCARE THROUGH EDUCATION, CHARITABLE DONATIONS, AND COMMUNITY RELATIONS.

Activities or mission (Part I)

TO PROVIDE CONTINUING SUPPORT FOR SOUTHEAST IOWA REGIONAL MEDICAL CENTER THAT WILL PROVIDE FUNDING FOR FUTURE IMPROVEMENTS IN TECHNOLOGY, FACILITIES, AND QUALITY HEALTHCARE PROGRAMS AND SERVICES THAT IMPROVE THE HEALTHCARE FOR OUR COMMUNITY.

  • THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED AND OPERATED IS TO ENGAGE IN AND CONDUCT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST IOWA REGIONAL MEDICAL CENTER. THIS IS ACCOMPLISHED IN A VARIETY OF WAYS THROUGH THIS ORGANIZATION, INCLUDING SCHOLARSHIP FUNDING.

    Expenses $1,736,352 · Grants $1,736,352

As filed on the 2023 return.

Listed in Part VII

  • Dr Michael McCoy

    PRESIDENT/CEO

    Total calculated
    $880,902
    From this org
    $0
    From related orgs
    $829,861
    Other
    $51,041
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $751,696 related
    Bonus
    $0 + $56,250 related
    Other
    $0 + $21,915 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $34,541 related
    Filer's total
    $0 + $880,902 related

  • Jeremy Alexander

    CFO

    Total calculated
    $630,528
    From this org
    $0
    From related orgs
    $582,333
    Other
    $48,195
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,475 related
    Bonus
    $0 + $24,550 related
    Other
    $0 + $1,308 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $31,695 related
    Filer's total
    $0 + $630,528 related

  • Heather Perry Dpm

    DIRECTOR

    Total calculated
    $314,177
    From this org
    $0
    From related orgs
    $278,552
    Other
    $35,625
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,072 related
    Bonus
    $0
    Other
    $0 + $480 related
    Deferred
    $0 + $9,427 related
    Nontaxable benefits
    $0 + $26,198 related
    Filer's total
    $0 + $314,177 related

  • Jason Hutcheson

    EXECUTIVE DIRECTOR

    Total calculated
    $196,311
    From this org
    $0
    From related orgs
    $164,139
    Other
    $32,172
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,414 related
    Bonus
    $0 + $3,425 related
    Other
    $0 + $300 related
    Deferred
    $0 + $6,587 related
    Nontaxable benefits
    $0 + $25,585 related
    Filer's total
    $0 + $196,311 related

  • Kerry Fleming

    DIRECTOR

    Total calculated
    $188,561
    From this org
    $0
    From related orgs
    $151,200
    Other
    $37,361
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,710 related
    Bonus
    $0 + $4,800 related
    Other
    $0 + $690 related
    Deferred
    $0 + $8,240 related
    Nontaxable benefits
    $0 + $29,121 related
    Filer's total
    $0 + $188,561 related

  • Chris Hutson

    DIRECTOR

    Total calculated
    $105,367
    From this org
    $0
    From related orgs
    $74,735
    Other
    $30,632
    Hours/week
    1 + 40 related

  • Dave Evans

    DIRECTOR

    Total calculated
    $103,151
    From this org
    $0
    From related orgs
    $85,760
    Other
    $17,391
    Hours/week
    1 + 40 related

  • Tammy McCoy

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Bob Huffman

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Ann Menke

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rachael Benda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dominique Cornick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Engberg

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry Hope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brock Ita

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Kempker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Kruse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Osmanski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mio Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Steffensmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
DR. MICHAEL MCCOY, HEALTH/SOCIAL CLUB DUES, $74.90. THIS AMOUNT WAS INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 3
THE COMPENSATION OF THE OFFICERS IS PAID BY AND DETERMINED BY GREAT RIVER HEALTH SYSTEM. THE FOLLOWING WERE USED BY GREAT RIVER HEALTH SYSTEM IN DETERMINING THE OFFICERS COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. WRITTEN EMPLOYMENT CONTRACT 5. COMPENSATION SURVEY OR STUDY 6. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SOUTHEAST RENAL DIALYSIS LC

    MEDICAL SERVICES · IA

Related corporations and trusts

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

  • RIVERVIEW SYSTEM LTD

    C · MEDICAL SERVICES · IA

  • GREAT RIVER MEDICAL SERVICES INC

    C · MEDICAL SERVICES · IA

  • MUTUAL CONSULTING AND MANAGEMENT SERVICES

    C · MANAGEMENT SERVICES · IA

  • HERITAGE PARK PHARMACY

    C · PHARMACY · IA

  • HERITAGE MEDICAL EQUIPMENT AND SUPPLY

    C · MEDICAL SUPPLY · IA

  • RIGHTCHOICE INC

    C · STAFFING AGENCY · IA

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521139349301227

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