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← RUSSELL HOSPITAL FOUNDATION INC FKA MEDICAL PARK FOUNDATION

Form 990 for tax year 2022

Filed by RUSSELL HOSPITAL FOUNDATION INC FKA MEDICAL PARK FOUNDATION.

Totals

Total revenue
$701,109
Total expenses
$497,164
Contributions and grants received
$742,156
Grants paid
$45,501
Program service revenue
$0
Investment income
$41,775
Other revenue
-$82,822
Total assets, end of year
$2,317,623
Total liabilities, end of year
$42,704
Net assets or fund balances, end of year
$2,274,919
Program services expenses (Part IX)
$497,164
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$497,164

Program services were 100.0% 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

    $360,156

  • 1f · All other contributions, gifts and grants

    $382,000

  • 3 · Investment income

    total $41,775 · excluded $41,775

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

    $360,156

  • 8b · Fundraising events: direct expenses

    $82,822

  • 8c · Net income from fundraising events

    total -$82,822 · excluded -$36,310

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $45,501 · program services $45,501

  • 7 · Other salaries and wages

    total $89,868 · program services $89,868

  • 9 · Other employee benefits

    total $719 · program services $719

  • 10 · Payroll taxes

    total $6,875 · program services $6,875

  • 11g · Fees: other

    total $1,989 · program services $1,989

  • 22 · Depreciation, depletion and amortization

    total $135 · program services $135

  • 24a · Other expenses: ADMINISTRATIVE AND GENERA

    total $352,077 · program services $352,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $591,428 · end of year $454,639

  • 2 · Savings and temporary cash investments

    beginning of year $1,382,325 · end of year $1,811,206

  • 3 · Pledges and grants receivable

    beginning of year $80,000 · end of year $50,000

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

    $4,017

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

    $2,239

  • 10c · Land, buildings and equipment, net

    beginning of year $1,914 · end of year $1,778

  • 15 · Other assets

    beginning of year $30,307

  • 25 · Other liabilities

    beginning of year $15,000 · end of year $42,704

  • 27 · Net assets without donor restrictions

    beginning of year $1,917,987 · end of year $1,914,484

  • 28 · Net assets with donor restrictions

    beginning of year $152,987 · end of year $360,435

Mission and programs · 2022

Mission

PROVIDE SUPPORT TO RUSSELL HOSPITAL CORPORATION, A RELATED 501(C)(3) ORGANIZATION.

  • TO PROMOTE THE NURSING SCHOLARSHIP PROGRAM FOR THE BENEFIT OF RUSSELL HOSPITAL CORPORATION.

    Expenses $497,164 · Grants $45,501

As filed on the 2022 return.

Listed in Part VII

  • LOTHER E PEACE III

    DIRECTOR/HOS

    Total calculated
    $445,780
    From this org
    $0
    From related orgs
    $434,254
    Other
    $11,526
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $359,399 related
    Bonus
    not reported + $74,855 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $11,526 related
    Filer's total
    not reported + $445,780 related

  • JAMES M FISHER

    DIRECTOR/HOS

    Total calculated
    $293,131
    From this org
    $0
    From related orgs
    $276,838
    Other
    $16,293
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $229,098 related
    Bonus
    not reported + $47,740 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $16,293 related
    Filer's total
    not reported + $293,131 related

  • PAULA DAVENPORT

    DIRECTOR

    Total calculated
    $186,195
    From this org
    $0
    From related orgs
    $174,669
    Other
    $11,526
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $174,669 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $11,526 related
    Filer's total
    not reported + $186,195 related

  • SUSAN FOY

    DIRECTOR

    Total calculated
    $130,759
    From this org
    $0
    From related orgs
    $122,947
    Other
    $7,812
    Hours/week
    5 + 40 related

  • TAMMY JACKSON

    EXECUTIVE DI

    Total calculated
    $96,028
    From this org
    $0
    From related orgs
    $88,216
    Other
    $7,812
    Hours/week
    5 + 40 related

  • CHRIS BODINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DR ROBERT EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SHERRY HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BARRY INGRAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • HUGH NEIGHBORS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
NONE OF THE INDIVIDUAL BOARD MEMBERS OR OFFICERS ARE COMPENSATED BY THE FILING ORGANIZATION. THE FILING ORGANIZATION, INSTEAD, RELIES ON THE METHODS USED BY THE SUPPORTED ORGANIZATION, RUSSELL HOSPITAL CORPORATION, INC., TO ESTABLISH COMPENSATION. COMPENSATION DETERMINATION BY RHC INCLUDES COMPENSATION SURVEYS AND BOARD APPROVAL. THESE METHODS ARE WELL DOCUMENTED.

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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303179349301205

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