Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $338,020

• 1e · Government grants (contributions)

  $46,218

• 1f · All other contributions, gifts and grants

  $46,750

• 2a · Program service revenue: MEMBERSHIP DUES

  total $3,645,301 · related or exempt $3,645,301

• 2b · Program service revenue: EDUCATIONAL PROGRAMS

  total $423,465 · related or exempt $423,465

• 2c · Program service revenue: SPECIAL PROJECTS

  total $203,859 · related or exempt $203,859

• 3 · Investment income

  total $529,015 · excluded $529,015

• 7a · Gross sales of assets other than inventory

  securities $84,072 · other assets $193,250

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $84,072 · other assets $193,250

• 7d · Net gain or loss

  total $277,322 · excluded $277,322

• 10a · Gross sales of inventory

  $10,744,800

• 10b · Cost of goods sold

  $15,000,000

• 10c · Net income from sales of inventory

  total -$4,255,200 · unrelated business -$4,255,200

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $16,191 · excluded $16,191

• 11e · Other revenue, total

  $16,191

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $46,218

• 5 · Compensation of officers, directors and key employees

  total $1,317,145

• 7 · Other salaries and wages

  total $2,740,727

• 8 · Pension plan contributions

  total $26,797

• 9 · Other employee benefits

  total $840,832

• 10 · Payroll taxes

  total $207,627

• 11b · Fees: legal

  total $2,994

• 11c · Fees: accounting

  total $60,775

• 11d · Fees: lobbying

  total $33,646

• 11g · Fees: other

  total $385,503

• 12 · Advertising and promotion

  total $680

• 13 · Office expenses

  total $865,870

• 14 · Information technology

  total $39,730

• 16 · Occupancy

  total $37,612

• 17 · Travel

  total $85,442

• 19 · Conferences, conventions and meetings

  total $394,428

• 20 · Interest

  total $10,752

• 22 · Depreciation, depletion and amortization

  total $101,615

• 23 · Insurance

  total $43,862

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $6,366

• 24b · Other expenses: GENERAL/ADMIN EXP ALLOC

  total -$1,132,382

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $75 · end of year $75

• 2 · Savings and temporary cash investments

  beginning of year $1,370,385 · end of year $2,110,145

• 3 · Pledges and grants receivable

  beginning of year $20,505 · end of year $6,730

• 4 · Accounts receivable

  beginning of year $42,472 · end of year $129,073

• 9 · Prepaid expenses and deferred charges

  beginning of year $121,239 · end of year $133,205

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

  $569,764

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

  $328,638

• 10c · Land, buildings and equipment, net

  beginning of year $2,532,431 · end of year $241,126

• 11 · Investments: publicly traded securities

  beginning of year $23,766,518 · end of year $18,108,615

• 12 · Investments: other securities

  beginning of year $54,182 · end of year $54,182

• 15 · Other assets

  beginning of year $580,327 · end of year $2,124,538

• 17 · Accounts payable and accrued expenses

  beginning of year $921,551 · end of year $974,049

• 19 · Deferred revenue

  beginning of year $90,679 · end of year $9,189

• 23 · Secured mortgages and notes payable

  beginning of year $516,176 · end of year $4,420,169

• 25 · Other liabilities

  beginning of year $381,312 · end of year $262,163

• 27 · Net assets without donor restrictions

  beginning of year $26,318,192 · end of year $16,999,303

• 28 · Net assets with donor restrictions

  beginning of year $260,224 · end of year $242,816

The filer's explanations (Part III)

PART I, LINE 1A

BOARD APPROVED A SET ALLOWANCE FOR CEO COMPANION TRAVEL. COSTS OVER AND ABOVE THAT LIMIT ARE REIMBURSED BACK TO SCHA.

PART I, LINE 4B

THORNTON KIRBY PARTICIPATES IN A 457(F) PLAN WITH THE ORGANIZATION. ALLOCATIONS FOR THE CURRENT YEAR WERE $135,000. DEFERRED AMOUNTS VEST ON THE DATE THAT IS THE EARLIEST OF: (I) THE DATE SET FORTH ON THE ELECTION FORM; (II) THE SPECIAL VESTING DATE PROVIDED IN THE AGREEMENT, (III) DEATH WHILE AN EMPLOYEE, OR (IV) THE DATE OF A TOTAL AND PERMANENT DISABILITY WHILE AN EMPLOYEE.

PART I, LINE 7

THORNTON KIRBY RECEIVES AN ANNUAL INCENTIVE BONUS FOR ACHIEVEMENT OF BOARD GOALS. THE AMOUNT IS DETERMINED BY THE BOARD OF SCHA AFTER THE END OF EACH YEAR. ALL EXECUTIVE-LEVEL EMPLOYEES RECEIVE NON-FIXED BONUSES AT YEAR END.

Related corporations and trusts

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

• SOLVENT NETWORKS

  C · HEALTHCARE · SC · 100% owned · share of income $1,101,488 · share of assets $5,994,426 · controlled entity

  Directly controlled by SOUTH CAROLINA HOSPITAL ASSOCIATION