Form 990 for tax year 2022

Totals

Total revenue

$6,105,559

Total expenses

$6,105,559

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$6,105,559

Investment income

$0

Other revenue

$0

Total assets, end of year

$0

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$0

Program services expenses (Part IX)

$6,105,559

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$6,105,559

Program services were 100.0% 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.

Mission and programs · 2022

• EFFECTIVE MAY 1, 2015, THE AUTHORITY UNDERTOOK A CORPORATE RESTRUCTURING AND EXECUTED A LEASE AND TRANSFER AGREEMENT WITH SOUTHEAST GEORGIA HEALTH SYSTEM, INC. (THE SYSTEM), A GEORGIA NOT-FOR-PROFIT CORPORATION, (FORMERLY KINGS BAY COMMUNITY HOSPITAL, INC. 58-1911751), WICH ASSUMED SUBSTANTIALLY ALL OF THE OPERATIONS, ASSETS, AND LIABILITIES OF THE AUTHORITY AND AGEED TO OPERATE THE FACILITIES THEREOF AS A COMMUNITY HEALTHCARE PROVIDER AND TO PERFORM AND ABIDE BY ALL COVENANTS, AGREEMENTS, AND RESTRICTIONS THEREOF FOR AN INITIAL PERIOD OF FORTY YEARS. UNDER THE AGREEMENT, THE SYSTEM MAKES NOMINAL LEASE PAYMENTS TO THE AUTHORITY PLUS AMOUNTS SUFFICIENT TO MAKE DEBT SERVICE PAYMENTS ON AUTHORITY CONDUIT DEBT OBLIGATIONS AS THEY COME DUE AND ASSUMES ALL OPERATIONAL, FINANCIAL, INDIGENT CARE, AND COMMUNITY RESPONSIBILITIES. IN CONNECTION WITH THE RESTRUCTURING, THE AUTHORITY AND THE SYSTEM ENTERED INTO AN EMPLOYEE LEASE AGREEMENT WHEREBY THE AUTHORITY LEASED ALL OF ITS EMPLOYEES TO THE SYSTEM FROM MAY 1, 2015 THROUGH DECEMBER 31, 2015, AT COST. ALL LEASED AUTHORITY EMPLOYEES WERE CONVERTED TO THE SYSTEM EMPLOYMENT EFFECTIVE JANUARY 1, 2016.IN ADDITION TO LEASE PAYMENTS, THE ORGANIZATION ASSISTS WITH FLOW-THROUGH PAYMENTS RELATED TO UPL AND DSH . THE FINANCIAL TRANSACTIONS REPORTED ON THE RETURN RELATE TO UPL AND DSH.

  Expenses $6,105,559 · Revenue $6,105,559

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

Listed in Part VII

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

• SOUTHEAST GEORGIA HOSPITAL SYSTEM INC

  $242,841,000

  Disposition · RECLASSIFICATION OF FINANCIAL STATEMENT PRESENTATION RELATING TO GASB STATEMENT 91. IN ADDITION TO THE ASSET BEING ELIMINATED SO WAS THE PAYBLES RESULTING IN NO CHANGE TO THE ORGANIZATIONS NET ASSETS. · Apr 30, 2023 · 501(C)(3)

Provenance

Return type

form_990

Tax year

2022

Filed

15 March 2024

IRS schema version

2022v5.0

Source object

202410759349302061

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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