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Nonprofiteer
← NEW RIVER VALLEY HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by NEW RIVER VALLEY HEALTH FOUNDATION.

Totals

Total revenue
$390,945
Total expenses
$2,151,904
Contributions and grants received
$0
Grants paid
$2,118,000
Program service revenue
$0
Investment income
$371,028
Other revenue
$19,917
Total assets, end of year
$1,463,300
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,463,300
Program services expenses (Part IX)
$2,118,000
Management and general expenses
$33,904
Fundraising expenses
$0
Program service expenses (Part III)
$2,118,000

Program services were 98.4% 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.

  • 3 · Investment income

    total $87,638 · excluded $87,638

  • 6a · Gross rents

    real property $19,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $19,500

  • 6d · Net rental income or loss

    total $19,500 · related or exempt $19,500

  • 7a · Gross sales of assets other than inventory

    securities $283,390

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

    securities $0

  • 7c · Gain or loss

    securities $283,390

  • 7d · Net gain or loss

    total $283,390 · excluded $283,390

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $417 · related or exempt $417

  • 11e · Other revenue, total

    $417

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,118,000 · program services $2,118,000

  • 11c · Fees: accounting

    total $12,434 · management and general $12,434

  • 11g · Fees: other

    total $8,836 · management and general $8,836

  • 13 · Office expenses

    total $96 · management and general $96

  • 17 · Travel

    total $1,198 · management and general $1,198

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $11,319 · management and general $11,319

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $21 · management and general $21

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,857 · end of year $427,812

  • 4 · Accounts receivable

    end of year $366,606

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

    $110,930

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

    $1,780

  • 10c · Land, buildings and equipment, net

    beginning of year $109,150 · end of year $109,150

  • 11 · Investments: publicly traded securities

    beginning of year $3,103,798 · end of year $559,732

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,923

  • 27 · Net assets without donor restrictions

    beginning of year $3,224,882 · end of year $1,463,300

Mission and programs · 2023

Mission

NEW RIVER VALLEY HEALTH FOUNDATION (THE FOUNDATION) IS A TAX-EXEMPT, NONSTOCK, NONPROFIT CORPORATION ORGANIZED TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE NEW RIVER VALLEY. THE FOUNDATION OFFERS FINANCIAL ASSISTANCE IN THE FORM OF CONTRIBUTIONS, LOANS, AND LEASING ARRANGEMENTS TO SELECTED ORGANIZATIONS WHO PRIMARILY ARE PROVIDERS OF HEALTH CARE SERVICES IN THE NEW RIVER VALLEY.

Activities or mission (Part I)

NEW RIVER VALLEY HEALTH FOUNDATION (THE FOUNDATION) IS A TAX-EXEMPT, NONSTOCK, NONPROFIT CORPORATION ORGANIZED TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION OFFERS FINANCIAL ASSISTANCE IN THE FORM OF CONTRIBUTIONS, LOANS, AND LEASING ARRANGEMENTS TO SELECTED ORGANIZATIONS WHO PRIMARILY ARE PROVIDERS OF HEALTH CARE SERVICES IN THE NEW RIVER VALLEY.

  • THE FOUNDATION'S PURPOSE IS TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE NEW RIVER VALLEY.

    Expenses $2,118,000 · Grants $2,118,000 · Revenue $19,917

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fred L Newhouse Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Shannon Zeman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Sally McCarthy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michael Barber

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jerry Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff L Irby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hagadorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick Kellerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Ousley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Sheffey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Stoner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Gentry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Pat Huber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Matthis

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403129349301570

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