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Nonprofiteer
← SHENANDOAH MEDICAL CENTER FOUNDATION

Form 990 for tax year 2022

Filed by SHENANDOAH MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$547,491
Total expenses
$476,359
Contributions and grants received
$551,465
Grants paid
$461,723
Program service revenue
$0
Investment income
$4,334
Other revenue
-$8,308
Total assets, end of year
$1,847,203
Total liabilities, end of year
$3,369
Net assets or fund balances, end of year
$1,843,834
Program services expenses (Part IX)
$465,593
Management and general expenses
$10,766
Fundraising expenses
$0
Program service expenses (Part III)
$465,593

Program services were 97.7% 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

    $57,093

  • 1f · All other contributions, gifts and grants

    $494,372

  • 3 · Investment income

    total $17,251 · excluded $17,251

  • 7a · Gross sales of assets other than inventory

    securities $186,477

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

    securities $199,394

  • 7c · Gain or loss

    securities -$12,917

  • 7d · Net gain or loss

    total -$12,917 · excluded -$12,917

  • 8a · Fundraising events: gross income

    $21,034

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

    $57,093

  • 8b · Fundraising events: direct expenses

    $29,342

  • 8c · Net income from fundraising events

    total -$8,308 · excluded -$8,308

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $461,723 · program services $461,723

  • 11c · Fees: accounting

    total $2,400 · management and general $2,400

  • 11f · Fees: investment management

    total $1,226 · management and general $1,226

  • 11g · Fees: other

    total $7,140 · management and general $7,140

  • 13 · Office expenses

    total $809 · program services $809

  • 24a · Other expenses: SUPPLIES

    total $2,238 · program services $2,238

  • 24b · Other expenses: EDUCATION

    total $694 · program services $694

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $129 · program services $129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,155,963 · end of year $1,226,374

  • 2 · Savings and temporary cash investments

    beginning of year $9,195 · end of year $9,518

  • 3 · Pledges and grants receivable

    beginning of year $391,258 · end of year $358,418

  • 11 · Investments: publicly traded securities

    beginning of year $286,849 · end of year $252,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,130 · end of year $3,369

  • 27 · Net assets without donor restrictions

    beginning of year $1,889,830 · end of year $697,102

  • 28 · Net assets with donor restrictions

    beginning of year -$81,695 · end of year $1,146,732

Mission and programs · 2022

Mission

TO PROVIDE ASSISTANCE AND ENSURE THE LONG-TERM SUSTAINABILITY OF SHENANDOAH MEDICAL CENTER BY SECURING FINANCIAL RESOURCES, DONOR ENGAGEMENT, AND HEALTH CARE PROMOTION.

Activities or mission (Part I)

TO SUPPORT SHENANDOAH MEDICAL CENTER & COMMUNITY HEALTH.

  • TO SUPPORT SHENANDOAH MEDICAL CENTER & COMMUNITY HEALTH.

    Expenses $465,593 · Grants $461,723

As filed on the 2022 return.

Listed in Part VII

  • Matthew Sells

    DIRECTOR / HOSPITAL CEO

    Total calculated
    $380,811
    From this org
    $0
    From related orgs
    $338,358
    Other
    $42,453
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,092 related
    Bonus
    $0 + $66,000 related
    Other
    $0 + $6,266 related
    Deferred
    $0 + $16,899 related
    Nontaxable benefits
    $0 + $25,554 related
    Filer's total
    $0 + $380,811 related

  • Timothy Smith MD

    DIRECTOR

    Total calculated
    $282,322
    From this org
    $0
    From related orgs
    $244,258
    Other
    $38,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,109 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $6,149 related
    Deferred
    $0 + $11,063 related
    Nontaxable benefits
    $0 + $27,001 related
    Filer's total
    $0 + $282,322 related

  • Kaley Neal

    HOSPITAL CFO

    Total calculated
    $165,611
    From this org
    $0
    From related orgs
    $154,827
    Other
    $10,784
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,796 related
    Bonus
    $0
    Other
    $0 + $4,031 related
    Deferred
    $0 + $9,331 related
    Nontaxable benefits
    $0 + $1,453 related
    Filer's total
    $0 + $165,611 related

  • Craig Harris

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jeannine Liljedahl

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mims Henstorf

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Margo Bateman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Grebert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Matt Livingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerra Ratliff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Christiansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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)

PART I, LINE 3
THE CEO OF SHENANDOAH MEDICAL CENTER (SMC), A RELATED ORGANIZATION, AND THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION, IS COMPENSATED BY SMC. SMC USES THE FOLLOWING TO DETERMINE THE CEO'S COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349311640

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