Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENT FROM AFFILIATES

  total $11,144,098 · related or exempt $11,144,098

• 3 · Investment income

  total $947 · excluded $947

• 6a · Gross rents

  real property $268,552

• 6b · Less rental expenses

  real property $108,558

• 6c · Rental income or loss

  real property $159,994

• 6d · Net rental income or loss

  total $159,994 · excluded $159,994

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,000,000 · program services $8,000,000

• 11a · Fees: management

  total $133,697 · program services $133,697

• 11b · Fees: legal

  total $231,948 · program services $53,879 · management and general $178,069

• 11g · Fees: other

  total $764,637 · program services $367,287 · management and general $397,350

• 13 · Office expenses

  total $121,638 · program services $121,638

• 16 · Occupancy

  total $1,305,134 · program services $1,305,134

• 22 · Depreciation, depletion and amortization

  total $1,351,393 · program services $1,351,393

• 23 · Insurance

  total $133,527 · program services $133,527

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $996,412 · program services $996,412

• 24b · Other expenses: B&O TAX

  total $13,524 · program services $13,524

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,735,512 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $633,808 · end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $4,114,886 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $93,610 · end of year $0

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $21,895,493 · end of year $0

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $364,475 · end of year $0

• 25 · Other liabilities

  beginning of year $40,641 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $28,068,193 · end of year $0

The filer's explanations (Part III)

PART I, LINE 4B

J. MICHAEL MARSH PARTICIPATES IN A BENEFIT WITHIN THE EXECUTIVE BENEFIT PLAN CALLED THE CAPITAL ACCUMULATION ACCOUNT. THE CAPITAL ACCUMULATION ACCOUNT IS CLASSIFIED AS A 457(F) PLAN BY THE IRS. THE FOLLOWING AMOUNTS REFLECT 2023 DEFERRALS: J. MICHAEL MARSH ($107,374) THE FOLLOWING AMOUNTS FROM THE CAPITAL ACCUMULATION ACCOUNT WERE PAID IN 2023: J. MICHAEL MARSH ($102,261). THESE AMOUNTS WERE REPORTED AS DEFERRED COMPENSATION ON PRIOR FORMS 990. J. MICHAEL MARSH RECEIVED REDEMPTION OF CREDITS IN THE CAPITAL ACCUMULATION ACCOUNT THAT HAD BECOME VESTED. ANDREW TOKAR PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN BENEFIT. THIS IS A NONQUALIFIED PLAN SPONSORED BY OVERLAKE MEDICAL CENTER & CLINICS. THERE WERE NO DEFERRALS OR PLAN PAYMENTS DURING 2023.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• OVERLAKE MEDICAL TOWER LLC

  MEDICAL OFFICE SPACE RENTAL · WA · income $10,826,928 · assets $0

  Directly controlled by OVERLAKE HOSPITAL ASSOCIATION