Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $400,173

• 1f · All other contributions, gifts and grants

  $3,433,534

• 1g · Noncash contributions included above

  $338,612

• 3 · Investment income

  total $122,469 · excluded $122,469

• 7a · Gross sales of assets other than inventory

  securities $413,548

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

  securities $227,585

• 7c · Gain or loss

  securities $185,963

• 7d · Net gain or loss

  total $185,963 · excluded $185,963

• 8a · Fundraising events: gross income

  $495,234

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

  $400,173

• 8b · Fundraising events: direct expenses

  $381,378

• 8c · Net income from fundraising events

  total $113,856 · excluded $113,856

• 9a · Gaming: gross income

  $50,000

• 9b · Gaming: direct expenses

  $17,500

• 9c · Net income from gaming

  total $32,500 · excluded $32,500

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,158,834 · program services $1,158,834

• 7 · Other salaries and wages

  total $452,786 · program services $407,507 · management and general $45,279

• 8 · Pension plan contributions

  total $1,630 · program services $1,467 · management and general $163

• 9 · Other employee benefits

  total $94,147 · program services $84,732 · management and general $9,415

• 10 · Payroll taxes

  total $38,426 · program services $34,583 · management and general $3,843

• 11c · Fees: accounting

  total $3,151 · management and general $3,151

• 11f · Fees: investment management

  total $26,447 · management and general $26,447

• 11g · Fees: other

  total $91,992 · program services $75,434 · management and general $16,558

• 13 · Office expenses

  total $119,592 · program services $77,735 · management and general $41,857

• 17 · Travel

  total $18,246 · program services $8,758 · management and general $9,488

• 22 · Depreciation, depletion and amortization

  total $467 · program services $420 · management and general $47

• 23 · Insurance

  total $30,127 · management and general $30,127

• 24a · Other expenses: DEVELOPMENT LEADERSHIP

  total $7,193 · program services $6,474 · management and general $719

• 24b · Other expenses: DEVELOPMENT FEES

  total $325 · program services $289 · management and general $36

• 24e · All other expenses

  total $128,500 · program services $108,026 · management and general $20,474

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $172,292 · end of year $140,751

• 3 · Pledges and grants receivable

  beginning of year $1,750,329 · end of year $1,533,108

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,305 · end of year $42,379

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

  $6,997

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

  $3,499

• 10c · Land, buildings and equipment, net

  beginning of year $3,965 · end of year $3,498

• 11 · Investments: publicly traded securities

  beginning of year $21,872,199 · end of year $22,182,381

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $2,215,707 · end of year $2,457,330

• 17 · Accounts payable and accrued expenses

  beginning of year $52,352 · end of year $27,338

• 19 · Deferred revenue

  beginning of year $0 · end of year $1,000,000

• 25 · Other liabilities

  beginning of year $1,186,673 · end of year $244,272

• 27 · Net assets without donor restrictions

  beginning of year -$2,643,848 · end of year -$322,232

• 28 · Net assets with donor restrictions

  beginning of year $27,422,620 · end of year $25,410,069

The filer's explanations (Part III)

PART I, LINE 1A

TOP MANAGEMENT OFFICIAL COMPENSATION DETERMINATION: SOUTHWESTERN VERMONT MEDICAL CENTER, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD.

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CERTAIN LISTED INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENT IN CALENDAR YEAR 2022. UNDER THE TERMS OF THE PLAN, THE INDIVIDUAL BECOMES VESTED IF THEY REMAINED EMPLOYED THROUGH A TARGETED DATE OF THE PLAN. AMOUNTS VESTED IN THE PLAN DURING THE REPORTING PERIOD ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). AMOUNTS SUBJECT TO VESTED REQUIREMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AND INCLUDED BELOW. - THOMAS A. DEE: $300,992 - STEPHEN D. MAJETICH: $112,012 - LESLIE J. KEEFE: $28,721

Related corporations and trusts

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

• SOUTHWESTERN VT HEALTHCARE ENTERPRISES

  C · HEALTHCARE · VT