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Nonprofiteer
← REEDSBURG AREA MEDICAL CENTER FOUNDATION LTD

Form 990 for tax year 2022

Filed by REEDSBURG AREA MEDICAL CENTER FOUNDATION LTD.

Totals

Total revenue
$460,694
Total expenses
$402,561
Contributions and grants received
$265,886
Grants paid
$229,277
Program service revenue
$178,460
Investment income
$2,152
Other revenue
$14,196
Total assets, end of year
$2,486,428
Total liabilities, end of year
$6,292
Net assets or fund balances, end of year
$2,480,136
Program services expenses (Part IX)
$372,196
Management and general expenses
$30,365
Fundraising expenses
$0
Program service expenses (Part III)
$372,196

Program services were 92.5% 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.

  • 1f · All other contributions, gifts and grants

    $265,886

  • 2a · Program service revenue: RESALE BEYOND THE EXPE

    total $173,976 · related or exempt $173,976

  • 2b · Program service revenue: FREE CLINIC

    total $4,484 · related or exempt $4,484

  • 3 · Investment income

    total $2,152 · related or exempt $2,152

  • 8a · Fundraising events: gross income

    $81,429

  • 8b · Fundraising events: direct expenses

    $67,704

  • 8c · Net income from fundraising events

    total $13,725 · excluded $13,725

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $471 · related or exempt $471

  • 11e · Other revenue, total

    $471

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $229,277 · program services $229,277

  • 11c · Fees: accounting

    total $8,408 · program services $1,508 · management and general $6,900

  • 12 · Advertising and promotion

    total $75 · program services $75

  • 13 · Office expenses

    total $221 · management and general $221

  • 22 · Depreciation, depletion and amortization

    total $5,122 · management and general $5,122

  • 23 · Insurance

    total $3,539 · program services $2,443 · management and general $1,096

  • 24a · Other expenses: LEASED EMPLOYEES

    total $78,430 · program services $78,430

  • 24b · Other expenses: FREE CLINIC

    total $46,683 · program services $46,683

  • 24c · Other expenses: UTILITIES

    total $10,131 · program services $5,107 · management and general $5,024

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,530 · program services $100 · management and general $7,430

  • 24e · All other expenses

    total $13,145 · program services $8,573 · management and general $4,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $603,586 · end of year $1,853,361

  • 2 · Savings and temporary cash investments

    beginning of year $1,172,183 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $19,358

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

    $255,265

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

    $132,971

  • 10c · Land, buildings and equipment, net

    beginning of year $127,415 · end of year $122,294

  • 13 · Investments: program-related

    beginning of year $575,570 · end of year $488,645

  • 15 · Other assets

    beginning of year $2,770 · end of year $2,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $590 · end of year $6,292

  • 27 · Net assets without donor restrictions

    beginning of year $1,368,360 · end of year $1,419,714

  • 28 · Net assets with donor restrictions

    beginning of year $1,112,574 · end of year $1,060,422

Mission and programs · 2022

Mission

THE ORGANIZATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION, THE PURPOSES OF WHICH ARE TO SOLICIT, HOLD, MANAGE, INVEST, AND EXPEND THE ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS AND BEQUESTS EXCLUSIVELY FOR THE MAINTENANCE AND BENEFIT OF REEDSBURG AREA MEDICAL CENTER, INC. AND REEDSBURG AREA SENIOR LIFE CENTER, INC. BOTH OF REEDSBURG, WISCONSIN, AND SUCH OF ITS MEDICAL RESEARCH, EDUCATIONAL OR CHARITABLE PROGRAMS OR ACTIVITIES AS THE BOARD OF DIRECTORS OF THE FOUNDATION DEEMS TO BE SUITABLE AND APPROPRIATE.

Activities or mission (Part I)

THE ORGANIZATION IS A CHARITABLE AND EDUCATIONAL ORGANIZATION, THE PURPOSES OF WHICH ARE TO SOLICIT, HOLD, MANAGE, INVEST, AND EXPEND THE ENDOWMENT FUNDS AND OTHER GIFTS, GRANTS AND BEQUESTS EXCLUSIVELY FOR THE MAINTENANCE AND BENEFIT OF REEDSBURG AREA MEDICAL CENTER, INC. AND REEDSBURG AREA SENIOR LIFE CENTER, INC BOTH OF REEDSBURG, WISCONSIN, AND SUCH OF ITS MEDICAL RESEARCH, EDUCATIONAL OR CHARITABLE PROGRAMS OR ACTIVITIES AS THE BOARD OF DIRECTORS OF THE FOUNDATION DEEMS TO BE SUITABLE AND APPROPRIATE.

  • RESALE BEYOND THE EXPECTED, REEDSBURG, WI - A DIVISION OF THIS 501 (C) (3) ENTITY RECEIVES NON-CASH DONATIONS OF CLOTHING, HOUSEWARES, ETC., WHICH ARE RESOLD AT AFFORDABLE PRICES TO THE GENERAL PUBLIC; REVENUES ARE USED TOWARDS PROGRAMS STATED ABOVE.

    Expenses $96,237 · Revenue $174,447

  • CASH DONATIONS TO MISCELLANEOUS ENTITIES FOR MEDICAL, EDUCATIONAL OR CHARITABLE PROGRAMS OR ACTIVITIES AS THE BOARD OF DIRECTORS OF THE FOUNDATION DEEMS TO BE SUITABLE AND APPROPRIATE.

    Expenses $46,682 · Revenue $2,152

  • CASH DONATIONS PLEDGED TO THE REEDSBURG AREA MEDICAL CENTER AND THE REEDSBURG AREA SENIOR LIFE CENTER.

    Expenses $229,277 · Grants $229,277 · Revenue $4,484

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Schweich

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joan Roehling

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Bohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Colt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Geyman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jayson Pettit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lucinda Erbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Gronley

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349311437

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