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Nonprofiteer
← RIVERVIEW HEALTHCARE FOUNDATION INC

Form 990 for tax year 2022

Filed by RIVERVIEW HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$382,533
Total expenses
$445,622
Contributions and grants received
$318,526
Grants paid
$319,636
Program service revenue
$0
Investment income
$57,664
Other revenue
$6,343
Total assets, end of year
$2,316,708
Total liabilities, end of year
$189,341
Net assets or fund balances, end of year
$2,127,367
Program services expenses (Part IX)
$414,126
Management and general expenses
$31,496
Fundraising expenses
$0
Program service expenses (Part III)
$414,126

Program services were 92.9% 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

    $230,535

  • 1d · Related organizations

    $20,500

  • 1f · All other contributions, gifts and grants

    $67,491

  • 3 · Investment income

    total $50,260 · excluded $50,260

  • 7a · Gross sales of assets other than inventory

    securities $23,813

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

    securities $16,409

  • 7c · Gain or loss

    securities $7,404

  • 7d · Net gain or loss

    total $7,404 · excluded $7,404

  • 8a · Fundraising events: gross income

    $12,582

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

    $230,535

  • 8b · Fundraising events: direct expenses

    $6,239

  • 8c · Net income from fundraising events

    total $6,343 · excluded $6,343

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $319,636 · program services $319,636

  • 7 · Other salaries and wages

    total $113,617 · program services $85,213 · management and general $28,404

  • 11c · Fees: accounting

    total $1,600 · program services $1,200 · management and general $400

  • 11f · Fees: investment management

    total $6,000 · program services $4,500 · management and general $1,500

  • 12 · Advertising and promotion

    total $1,895 · program services $1,421 · management and general $474

  • 13 · Office expenses

    total $1,611 · program services $1,208 · management and general $403

  • 24a · Other expenses: EARLY WITHDRAWAL PENALT

    total $1,263 · program services $948 · management and general $315

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,458,077 · end of year $1,507,691

  • 3 · Pledges and grants receivable

    beginning of year $377,772 · end of year $229,728

  • 4 · Accounts receivable

    beginning of year $1,630 · end of year $4,354

  • 11 · Investments: publicly traded securities

    beginning of year $545,513 · end of year $574,935

  • 25 · Other liabilities

    beginning of year $213,030 · end of year $189,341

  • 27 · Net assets without donor restrictions

    beginning of year $636,600 · end of year $522,929

  • 28 · Net assets with donor restrictions

    beginning of year $1,533,362 · end of year $1,604,438

Mission and programs · 2022

Mission

TO RECEIVE CONTRIBUTIONS FOR THE PURPOSE OF ASSISTING THE RIVERVIEW HEALTHCARE ASSOCIATION TO PROVIDE TO THE RESIDENTS OF ITS SERVICE AREA QUALITY HEALTHCARE AND RELATED HEALTH SERVICES, EDUCATION, RESEARCH, PROMOTION OF HEALTH AND OTHER ACTIVITIES IN THE COMMUNITY.

  • THE CONTRIBUTIONS RAISED BY RIVERVIEW HEALTHCARE FOUNDATION ARE GRANTED TO RIVERVIEW HEALTHCARE ASSOCIATION TO PURCHASE MEDICAL EQUIPMENT AND SUPPLIES FOR PROMOTION OF HEALTHCARE IN THE COMMUNITY. RIVERVIEW HEALTHCARE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN HEALTHCARE.

    Expenses $414,126 · Grants $319,636

As filed on the 2022 return.

Listed in Part VII

  • MARILYN WENTZEL

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CORY DALLAGER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JODI CLAUSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • MARCIA SCHOENBORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY LINDSAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR SANNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SUE WESTROM

    DIRECTOR (THRU MAR OF 22)

    Total calculated
    $0
    Hours/week
    0.5

  • KARI KOENIG

    RHA BOARD LIASON

    Total calculated
    $0
    Hours/week
    0.5

  • CARRIE MICHALSKI

    PRESIDENT & CEO

    Total calculated
    $475,500
    From this org
    $0
    From related orgs
    $395,168
    Other
    $80,332
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,168 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $0 + $63,557 related
    Filer's total
    $0 + $475,500 related

  • RANDOLPH SCHOENBORN

    FOUNDATION DIRECTOR

    Total calculated
    $102,853
    From this org
    $0
    From related orgs
    $96,283
    Other
    $6,570
    Hours/week
    40

  • BETTY ARVIDSON

    TREASURER & CFO

    Total calculated
    $253,524
    From this org
    $0
    From related orgs
    $196,181
    Other
    $57,343
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,181 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,156 related
    Nontaxable benefits
    $0 + $46,187 related
    Filer's total
    $0 + $253,524 related

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 PRESIDENT & CEO IS COMPENSATED BY RIVERVIEW HEALTHCARE ASSOCIATION, A RELATED PARTY. THE FOLLOWING METHODS ARE USED BY RIVERVIEW HEALTHCARE ASSOCIATION TO DETERMINE HER COMPENSATION: 1. COMPENSATION COMMITTEE, 2. FORM 990 OF OTHER ORGANIZATIONS, 3. WRITTEN EMPLOYMENT CONTRACT, 4. COMPENSATION SURVEY OR STUDY, AND 5. 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
13 August 2024
IRS schema version
2022v5.0
Source object
202432289349301563

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