Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $144,995

• 1d · Related organizations

  $150

• 1f · All other contributions, gifts and grants

  $54,519

• 2a · Program service revenue: Fundraising income

  total $1,446 · related or exempt $1,446

• 3 · Investment income

  total $48,331 · excluded $48,331

• 7a · Gross sales of assets other than inventory

  securities $9,942

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

  securities $0

• 7c · Gain or loss

  securities $9,942

• 7d · Net gain or loss

  total $9,942 · excluded $9,942

• 8a · Fundraising events: gross income

  $55,764

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

  $144,995

• 8b · Fundraising events: direct expenses

  $68,761

• 8c · Net income from fundraising events

  total -$12,997 · excluded -$12,997

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $353,503 · program services $353,503

• 5 · Compensation of officers, directors and key employees

  total $220,799 · program services $165,599 · management and general $28,704 · fundraising $26,496

• 7 · Other salaries and wages

  total $126,168 · program services $94,626 · management and general $16,402 · fundraising $15,140

• 8 · Pension plan contributions

  total $5,343 · program services $4,007 · management and general $695 · fundraising $641

• 9 · Other employee benefits

  total $19,271 · program services $14,453 · management and general $2,505 · fundraising $2,313

• 10 · Payroll taxes

  total $8,589 · program services $6,442 · management and general $1,117 · fundraising $1,030

• 11c · Fees: accounting

  total $1,865 · management and general $1,865

• 11f · Fees: investment management

  total $3,130 · management and general $3,130

• 11g · Fees: other

  total $753 · program services $565 · management and general $98 · fundraising $90

• 13 · Office expenses

  total $6,264 · program services $2,942 · management and general $2,851 · fundraising $471

• 14 · Information technology

  total $28,039 · program services $21,029 · management and general $3,645 · fundraising $3,365

• 17 · Travel

  total $1,292 · program services $969 · management and general $168 · fundraising $155

• 24a · Other expenses: Hospitality

  total $11,149 · program services $8,362 · management and general $1,449 · fundraising $1,338

• 24b · Other expenses: Membership

  total $6,073 · program services $4,555 · management and general $789 · fundraising $729

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,107,237 · end of year $1,093,730

• 2 · Savings and temporary cash investments

  beginning of year $242,472 · end of year $242,855

• 3 · Pledges and grants receivable

  beginning of year $53,250 · end of year $25,000

• 4 · Accounts receivable

  beginning of year $9,300 · end of year $1,250

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,057

• 11 · Investments: publicly traded securities

  beginning of year $2,781,518 · end of year $2,149,829

• 15 · Other assets

  beginning of year $200,000 · end of year $200,000

• 17 · Accounts payable and accrued expenses

  beginning of year $7,613

• 27 · Net assets without donor restrictions

  beginning of year $1,634,950 · end of year $1,177,263

• 28 · Net assets with donor restrictions

  beginning of year $2,761,271 · end of year $2,535,401

The filer's explanations (Part III)

Part I, Line 3

Compensation is established by a related organization. The process of determining compensation of CEO's, executive directors, officers, and key employees is to have an independent board approve the compensation. The compensation is determined to be reasonable compared to independent comparability data. The approval of the amounts is documented in the Board minutes within the appropriate time frame.

Part I, Lines 4a-b

Terry Burns received a severance payment of $144,238. Kettering Health has a supplemental executive retirement plan available only to a certain class of management.

Part II, Col Biii

Column Biii includes compensation reported on the W-2 that may or may not have gone through the current year Statement of Operations and Changes in Net Assets.