Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $131,228

• 1f · All other contributions, gifts and grants

  $466,627

• 2a · Program service revenue: RENT HOSPITAL FACILITY

  total $31,178,527 · related or exempt $31,178,527

• 2b · Program service revenue: RENT - TVC

  total $4,654,023 · related or exempt $4,654,023

• 2c · Program service revenue: RENT - 1919 LATHROP

  total $1,972,703 · related or exempt $1,972,703

• 2d · Program service revenue: RENT DENALI CENTER

  total $1,848,852 · related or exempt $1,848,852

• 2e · Program service revenue: OTHER OFF CAMPUS PROPERTIES

  total $838,297 · related or exempt $838,297

• 3 · Investment income

  total $7,073,944 · excluded $7,073,944

• 4 · Income from investment of tax-exempt bond proceeds

  total $18,794 · excluded $18,794

• 7a · Gross sales of assets other than inventory

  securities $53,510,580 · other assets $185,107

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

  securities $53,384,427 · other assets $162,100

• 7c · Gain or loss

  securities $126,153 · other assets $23,007

• 7d · Net gain or loss

  total $149,160 · related or exempt $23,007 · excluded $126,153

• 8a · Fundraising events: gross income

  $77,874

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

  $131,228

• 8b · Fundraising events: direct expenses

  $114,580

• 8c · Net income from fundraising events

  total -$36,706 · excluded -$36,706

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,475,838 · program services $1,475,838

• 2 · Grants to domestic individuals

  total $107,472 · program services $107,472

• 5 · Compensation of officers, directors and key employees

  total $103,412 · management and general $103,412

• 7 · Other salaries and wages

  total $197,535 · management and general $127,308 · fundraising $70,227

• 8 · Pension plan contributions

  total $4,214 · management and general $3,797 · fundraising $417

• 9 · Other employee benefits

  total $26,035 · management and general $20,850 · fundraising $5,185

• 10 · Payroll taxes

  total $22,185 · management and general $16,936 · fundraising $5,249

• 11b · Fees: legal

  total $2,787 · management and general $2,787

• 11c · Fees: accounting

  total $71,013 · management and general $71,013

• 11f · Fees: investment management

  total $230,199 · management and general $230,199

• 11g · Fees: other

  total $3,056,188 · program services $84,000 · management and general $2,972,188

• 12 · Advertising and promotion

  total $60 · fundraising $60

• 13 · Office expenses

  total $94,060 · management and general $94,060

• 16 · Occupancy

  total $1,664,355 · program services $1,664,355

• 17 · Travel

  total $100,492 · management and general $100,492

• 20 · Interest

  total $2,867,049 · program services $2,867,049

• 22 · Depreciation, depletion and amortization

  total $22,965,428 · program services $20,269,363 · management and general $2,696,065

• 23 · Insurance

  total $43,868 · management and general $43,868

• 24a · Other expenses: SOFTWARE

  total $1,111,785 · management and general $1,111,785

• 24b · Other expenses: PROPERTY TAX

  total $395,503 · program services $395,503

• 24c · Other expenses: EDUCATION/OUTREACH

  total $130,502 · program services $130,502

• 24d · Other expenses: 1919 LATHROP

  total $75,687 · program services $75,687

• 24e · All other expenses

  total $55,211 · program services $6,830 · management and general $26,291 · fundraising $22,090

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $678,298 · end of year $678,208

• 2 · Savings and temporary cash investments

  beginning of year $56,519,681 · end of year $35,978,437

• 3 · Pledges and grants receivable

  beginning of year $3,328,046 · end of year $18,713,939

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,000 · end of year $29,999

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

  $581,166,710

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

  $396,304,489

• 10c · Land, buildings and equipment, net

  beginning of year $191,272,524 · end of year $184,862,221

• 11 · Investments: publicly traded securities

  beginning of year $170,349,205 · end of year $198,233,592

• 13 · Investments: program-related

  beginning of year $72,671,165 · end of year $72,671,165

• 15 · Other assets

  beginning of year $4,770,441 · end of year $5,026,333

• 17 · Accounts payable and accrued expenses

  beginning of year $2,827,895 · end of year $6,298,865

• 19 · Deferred revenue

  beginning of year $1,100 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $97,054,845 · end of year $89,157,545

• 27 · Net assets without donor restrictions

  beginning of year $396,134,566 · end of year $416,961,241

• 28 · Net assets with donor restrictions

  beginning of year $3,600,954 · end of year $3,776,243

The filer's explanations (Part III)

PART III - OTHER ADDITIONAL INFORMATION

PART I, LINE 3:FOUNDATION HEALTH, LLC IS THE COMMON PAYMASTER FOR THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION. THE FOUNDATION HEALTH COMPENSATION COMMITTEE APPROVES THE COMPENSATION PHILOSOPHY AND ALL EXECUTIVE COMPENSATION. A CONSULTANT WAS HIRED TO ASSIST WITH EXECUTIVE MARKET ANALYSIS AND RECOMMENDATIONS SO THE COMPENSATION FOR THE CEO WAS BASED ON RECOMMENDED WAGE RANGES AND THE COMPENSATION COMMITTEE APPROVED THE ACTUAL AMOUNT. THE COMMITTEE ALSO CREATED AN EXECUTIVE BONUS PROGRAM BASED ON MEETING SOME APPROVED ORGANIZATIONAL METRICS, INCLUDING MEETING BUDGETARY GOALS. THE EXECUTIVE DIRECTOR OF THE GREATER FAIRBANKS COMMUNITY HOSPITAL IS ALSO THE CEO OF FOUNDATION HEALTH PARTNERS AND THE COMPENSATION LISTED IS FOR BOTH POSITIONS. THE CEO HAS A WRITTEN AGREEMENT WITH FOUNDATION HEALTH, LLC CONCERNING HER COMPENSATION. FOUNDATION HEALTH PARTICIPATES IN MANY COMPENSATION SURVEYS AND HAS A CONTRACT WITH A COMPENSATION ANALYST WHICH ESSENTIALLY PUTS SURVEYS TOGETHER IN ONE PLACE FOR CONSOLIDATED ANALYSIS.