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Nonprofiteer
← STACY MARK REED FOUNDATION INC

Form 990 for tax year 2023

Filed by STACY MARK REED FOUNDATION INC.

Totals

Total revenue
$25,665,347
Total expenses
$11,225,894
Contributions and grants received
$0
Grants paid
$10,546,441
Program service revenue
$0
Investment income
$25,665,347
Other revenue
$0
Total assets, end of year
$277,947,753
Total liabilities, end of year
$240,804
Net assets or fund balances, end of year
$277,706,949
Program services expenses (Part IX)
$10,546,441
Management and general expenses
$679,453
Fundraising expenses
$0
Program service expenses (Part III)
$10,546,441

Program services were 93.9% 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.

  • 4 · Income from investment of tax-exempt bond proceeds

    total $6,530,476 · excluded $6,530,476

  • 7a · Gross sales of assets other than inventory

    securities $19,134,871

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

    securities $0

  • 7c · Gain or loss

    securities $19,134,871

  • 7d · Net gain or loss

    total $19,134,871 · related or exempt $19,134,871

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,546,441 · program services $10,546,441

  • 11f · Fees: investment management

    total $679,453 · management and general $679,453

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $253,766,770 · end of year $277,947,753

  • 17 · Accounts payable and accrued expenses

    beginning of year $229,197 · end of year $225,540

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,264

  • 27 · Net assets without donor restrictions

    beginning of year $253,537,573 · end of year $277,706,949

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE MISSION OF SIBLEY MEMORIAL HOSPITAL IN PROVIDING QUALITY HEALTH SERVICES AND FACILITIES FOR THE COMMUNITY, PROMOTING WELLNESS, RELIEVING SUFFERING, AND RESTORING HEALTH.

Activities or mission (Part I)

SUPPORTING ORGANIZATION FOR LUCY WEBB HAYES NATIONAL TRAINING SCHOOL FOR DEACONESSES AND MISSIONARIES CONDUCTING BUSINESS AS SIBLEY MEMORIAL HOSPITAL.

  • THE PROGRAM SERVICE OF STACY MARK REED FOUNDATION, INC IS TO SUPPORT THE OPERATIONS OF SIBLEY MEMORIAL HOSPITAL.THE OBJECTIVE OF THE PROGRAM SERVICE OF THE STACY MARK REED FOUNDATION, INC. IS TO RECEIVE, ADMINISTER AND EXPEND FUNDS FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF SIBLEY MEMORIAL HOSPITAL.

    Expenses $10,546,441 · Grants $10,546,441

As filed on the 2023 return.

Listed in Part VII

  • JOAN LEWIS

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 21 related

  • WILLIAM B BARTON JR ESQ

    TRUSTEE, VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • JOSHUA AMMERMAN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • MICHAEL K FARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • EDWARD J MILLER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10 + 15 related

  • RICHARD E MORRIS

    TRUSTEE, TREASURER

    Total calculated
    $0
    Hours/week
    10 + 5 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.

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
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202541349349304889

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