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Nonprofiteer
← HOSPICE OF MIDLAND ENDOWMENT INC

Form 990 for tax year 2023

Filed by HOSPICE OF MIDLAND ENDOWMENT INC.

Totals

Total revenue
$7,293,952
Total expenses
$930,245
Contributions and grants received
$89,341
Grants paid
$794,004
Program service revenue
$0
Investment income
$6,567,912
Other revenue
$636,699
Total assets, end of year
$26,842,233
Total liabilities, end of year
$215,276
Net assets or fund balances, end of year
$26,626,957
Program services expenses (Part IX)
$843,026
Management and general expenses
$87,219
Fundraising expenses
$0
Program service expenses (Part III)
$843,026

Program services were 90.6% 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.

  • 1f · All other contributions, gifts and grants

    $89,341

  • 3 · Investment income

    total $658,087 · excluded $658,087

  • 5 · Royalties

    total $636,699 · excluded $636,699

  • 7a · Gross sales of assets other than inventory

    securities $5,777,476 · other assets $206,239

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

    securities $73,890

  • 7c · Gain or loss

    securities $5,703,586 · other assets $206,239

  • 7d · Net gain or loss

    total $5,909,825 · excluded $5,909,825

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $794,004 · program services $794,004

  • 11b · Fees: legal

    total $150 · management and general $150

  • 11c · Fees: accounting

    total $12,913 · management and general $12,913

  • 11f · Fees: investment management

    total $72,881 · management and general $72,881

  • 13 · Office expenses

    total $1,275 · management and general $1,275

  • 24a · Other expenses: OIL & GAS EXPENSES

    total $49,022 · program services $49,022

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,928,581 · end of year $1,829,132

  • 4 · Accounts receivable

    beginning of year $42,431 · end of year $19,964

  • 11 · Investments: publicly traded securities

    beginning of year $21,691,984 · end of year $23,972,980

  • 15 · Other assets

    beginning of year $974,251 · end of year $1,020,157

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,377 · end of year $215,276

  • 27 · Net assets without donor restrictions

    beginning of year $22,471,158 · end of year $24,608,119

  • 28 · Net assets with donor restrictions

    beginning of year $1,972,712 · end of year $2,018,838

Mission and programs · 2023

Mission

OPERATE EXCLUSIVELY FOR THE BENEFIT OF HOSPICE OF MIDLAND, INC - A NONPROFIT ORGANIZATION TO MANAGE THEIR INVESTMENTS, AND TO ASSIST IN PROVIDING FUNDING TO TERMINALLY ILL PATIENTS.

  • HOSPICE OF ENDOWMENT INC WAS CREATED FOR THE BENEFIT OF HOSPICE OF MIDLAND INC (EIN 75-1736007) FOR THE PURPOSE OF MANAGING AND INVESTING HOSPICE OF MIDLAND INC'S FINANCIAL ASSETS, AND FOR THE DEVELOPMENT AND OPERATION OF AN ENDOWMENT FUND. HOSPICE OF MIDLAND INC IS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) WHICH WAS ESTABLISHED TO CARE FOR TERMINALLY ILL PATIENTS.

    Expenses $843,026 · Grants $794,004

As filed on the 2023 return.

Listed in Part VII

  • Bobleta Cleere

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.35

  • Marion Bryant

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.29

  • Stuart Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.15

  • Maurice Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    0.12

  • Amy Penland

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    0

  • Meagan Haygood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.29

  • Robert Todd Lincoln

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202540729349301569

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