Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,176,472

• 1d · Related organizations

  $59,562

• 1e · Government grants (contributions)

  $209,466

• 1f · All other contributions, gifts and grants

  $1,005,329

• 1g · Noncash contributions included above

  $100,150

• 3 · Investment income

  total $125,042 · excluded $125,042

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

  other assets $15,000

• 7c · Gain or loss

  other assets -$15,000

• 7d · Net gain or loss

  total -$15,000 · excluded -$15,000

• 8a · Fundraising events: gross income

  $264,195

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

  $1,176,472

• 8b · Fundraising events: direct expenses

  $246,216

• 8c · Net income from fundraising events

  total $17,979 · excluded $17,979

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $680,289 · program services $680,289

• 2 · Grants to domestic individuals

  total $15,183 · program services $15,183

• 11c · Fees: accounting

  total $3,500 · management and general $3,500

• 11f · Fees: investment management

  total $19,675 · management and general $19,675

• 11g · Fees: other

  total $139,027 · management and general $139,027

• 13 · Office expenses

  total $1,367 · management and general $1,367

• 19 · Conferences, conventions and meetings

  total $10,607 · management and general $10,607

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $3,440 · management and general $3,440

• 24b · Other expenses: EDUCATION

  total $607 · management and general $607

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $391,008 · end of year $485,603

• 2 · Savings and temporary cash investments

  beginning of year $4,017,841 · end of year $5,894,473

• 4 · Accounts receivable

  beginning of year $125,000 · end of year $250,000

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

  $16,654

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

  $16,654

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $35,370 · end of year $20,370

• 17 · Accounts payable and accrued expenses

  beginning of year $53,332 · end of year $2,527

• 25 · Other liabilities

  beginning of year $0 · end of year $212,837

• 27 · Net assets without donor restrictions

  beginning of year $2,731,608 · end of year $2,758,915

• 28 · Net assets with donor restrictions

  beginning of year $1,784,279 · end of year $3,676,167

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE GUNNISON VALLEY HEALTH FOUNDATION EXECUTIVE DIRECTOR IS DETERMINED BY THE HOSPITAL CEO AND THE HOSPITAL HUMAN RESOURCES DEPARTMENT AS THE EXECUTIVE DIRECTOR IS A HOSPITAL EMPLOYEE. THE FOLLOWING WERE USED BY THE HOSPITAL TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION: 1. WRITTEN EMPLOYMENT CONTRACT 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 8

THE ORGANIZATION PAID OUT BONUSES IN 2023 AS FOLLOWS FOR PERSONS LISTED ON FORM 990, PART VII, SECTION A: 1. MARK VANDERVEER...........$ 14,054 2. JENNIFER BIRNIE........$ 14,129