Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $290,973

• 1f · All other contributions, gifts and grants

  $2,455,362

• 3 · Investment income

  total $334,662 · excluded $334,662

• 7a · Gross sales of assets other than inventory

  securities $383,296

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

  securities $559,430

• 7c · Gain or loss

  securities -$176,134

• 7d · Net gain or loss

  total -$176,134 · excluded -$176,134

• 8a · Fundraising events: gross income

  $73,225

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

  $290,973

• 8b · Fundraising events: direct expenses

  $243,117

• 8c · Net income from fundraising events

  total -$169,892

• 10a · Gross sales of inventory

  $317,470

• 10b · Cost of goods sold

  $237,077

• 10c · Net income from sales of inventory

  total $80,393

• 11a · Other revenue: Gift Shop Sales

  total $75,943 · excluded $75,943

• 11e · Other revenue, total

  $75,943

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,473,781 · program services $2,473,781

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $289,402 · management and general $289,402

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $237,782 · program services $97,231 · management and general $140,551

• 8 · Pension plan contributions

  total $39,937 · program services $12,643 · management and general $27,294

• 9 · Other employee benefits

  total $40,435 · program services $18,972 · management and general $21,463

• 10 · Payroll taxes

  total $27,419 · program services $6,760 · management and general $20,659

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $9,000 · management and general $9,000

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $112,710 · management and general $112,710

• 13 · Office expenses

  total $63,908 · program services $9,239 · management and general $54,669

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $9,510 · management and general $9,510

• 23 · Insurance

  total $0

• 24a · Other expenses: Dues

  total $200 · management and general $200

• 24b · Other expenses: Misc

  total $939 · program services -$654 · management and general $1,593

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $804,733 · end of year $758,897

• 3 · Pledges and grants receivable

  beginning of year $800,609 · end of year $220,025

• 4 · Accounts receivable

  beginning of year $1,179,299 · end of year $1,001,849

• 8 · Inventories for sale or use

  beginning of year $77,549 · end of year $94,054

• 9 · Prepaid expenses and deferred charges

  end of year $10,735

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

  $232,472

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

  $230,516

• 10c · Land, buildings and equipment, net

  beginning of year $11,467 · end of year $1,956

• 11 · Investments: publicly traded securities

  beginning of year $7,076,581 · end of year $7,927,859

• 15 · Other assets

  beginning of year $1,041,581 · end of year $1,077,005

• 17 · Accounts payable and accrued expenses

  beginning of year $349,331 · end of year $413,604

• 27 · Net assets without donor restrictions

  beginning of year $2,656,698 · end of year $2,695,177

• 28 · Net assets with donor restrictions

  beginning of year $7,985,790 · end of year $7,983,599

The filer's explanations (Part III)

Part I Line 3

William A. Young Jr., CEO, is compensated out of Southwest General Health Center. The following methods are used to establish his compensation Compensation committee, independent compensation consultant, compensation survey/study, and approval by the board or compensation committee. The same methods are used to set the Executive Directors salary of Southwest Community Health Foundation.

Part I Line 4b

William A. Young, Jr. Supplemental nonqualified retirement plan 46,800

Part I Line 4b

Christopher Burdon Supplemental nonqualfied retirement plan 12,107

Related corporations and trusts

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

• Southwest Holdings Inc

  C Corp · Retail Pharmacy · OH · controlled entity

  Directly controlled by Southwest General Health Cntr

• Western Reserve Assurance Co LTD SPC

  C Corp · Self Insurance · CJ · controlled entity

  Directly controlled by Southwest Community Health System