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Nonprofiteer
← EDWARDS FOUNDATION INC

Form 990 for tax year 2023

Filed by EDWARDS FOUNDATION INC.

Totals

Total revenue
$1,654,858
Total expenses
$2,600,368
Contributions and grants received
$0
Grants paid
$2,433,786
Program service revenue
$0
Investment income
$1,106,269
Other revenue
$548,589
Total assets, end of year
$21,797,477
Total liabilities, end of year
$2,003,184
Net assets or fund balances, end of year
$19,794,293
Program services expenses (Part IX)
$2,433,786
Management and general expenses
$166,582
Fundraising expenses
$0
Program service expenses (Part III)
$2,433,786

Program services were 93.6% 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.

  • 3 · Investment income

    total $526,393 · related or exempt $65,137 · excluded $461,256

  • 6a · Gross rents

    real property $401,589

  • 6c · Rental income or loss

    real property $401,589

  • 6d · Net rental income or loss

    total $401,589 · excluded $401,589

  • 7a · Gross sales of assets other than inventory

    securities $3,761,406

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

    securities $3,181,530

  • 7c · Gain or loss

    securities $579,876

  • 7d · Net gain or loss

    total $579,876 · related or exempt $579,876

  • 11a · Other revenue: REDUCTION IN PAYABLE

    total $147,000 · related or exempt $147,000

  • 11e · Other revenue, total

    $147,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,433,786 · program services $2,433,786

  • 11c · Fees: accounting

    total $21,500 · management and general $21,500

  • 11f · Fees: investment management

    total $70,241 · management and general $70,241

  • 20 · Interest

    total $67,820 · management and general $67,820

  • 22 · Depreciation, depletion and amortization

    total $499 · management and general $499

  • 23 · Insurance

    total $2,723 · management and general $2,723

  • 24a · Other expenses: TAXES AND LICENSE

    total $3,076 · management and general $3,076

  • 24b · Other expenses: SUPPLIES

    total $723 · management and general $723

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $908,393 · end of year $822,984

  • 4 · Accounts receivable

    beginning of year $1,199,774 · end of year $1,082,717

  • 7 · Other notes and loans receivable

    beginning of year $2,133,929 · end of year $1,414,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,764 · end of year $2,042

  • 11 · Investments: publicly traded securities

    beginning of year $18,214,137 · end of year $18,421,513

  • 14 · Intangible assets

    beginning of year $3,041 · end of year $2,542

  • 15 · Other assets

    beginning of year $58,307 · end of year $51,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $538,231 · end of year $126,300

  • 23 · Secured mortgages and notes payable

    beginning of year $2,210,244 · end of year $1,876,545

  • 25 · Other liabilities

    beginning of year $409 · end of year $339

  • 27 · Net assets without donor restrictions

    beginning of year $3,773,461 · end of year $3,794,293

  • 28 · Net assets with donor restrictions

    beginning of year $16,000,000 · end of year $16,000,000

Mission and programs · 2023

Mission

THE EDWARDS FOUNDATION, INC. WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF CABELL HUNTINGTON HOSPITAL, INC. AND THE BOARD OF GOVERNORS, MARSHALL UNIVERSITY, BY CARRYING OUT EXCLUSIVELY CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES.

Activities or mission (Part I)

TO CARRY OUT CHARITABLE SCIENTIFIC AND EDUCATIONAL ACTIVITIES FOR CABELL HUNTINGTON HOSPITAL, INC. AND MARSHALL UNIVERSITY.

  • OWNERSHIP, MAINTENANCE, AND FINANCING OF A FACILITY TO BE USED BY CABELL HUNTINGTON HOSPITAL AND THE JOAN C. EDWARDS SCHOOL OF MEDICINE AT MARSHALL UNIVERSITY FOR THE DIAGNOSIS AND TREATMENT OF PERSONS AFFLICTED WITH CANCER.

    Expenses $2,433,786 · Grants $2,433,786

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BETH HAMMERS

    DIRECTOR

    Total calculated
    $0

  • BOBBY MILLER MD

    DIRECTOR

    Total calculated
    $0

  • CHARLES H MCKOWN JR MD

    SECRETARY

    Total calculated
    $0

  • KEVIN W YINGLING MD

    DIRECTOR

    Total calculated
    $0

  • PETER CHIRICO MD

    DIRECTOR

    Total calculated
    $0

  • BRENT A MARSTELLER

    PRESIDENT

    Total calculated
    $0

  • TIM MARTIN

    DIRECTOR

    Total calculated
    $0

  • THOMAS M MCDONALD

    DIRECTOR

    Total calculated
    $0

  • DAVID GOZAL MD

    DIRECTOR

    Total calculated
    $0

  • MARSHALL T REYNOLDS

    DIRECTOR

    Total calculated
    $0

  • MONTE WARD

    CFO

    Total calculated
    $0

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202530459349300708

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