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Nonprofiteer
← HANCOCK REGIONAL HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by HANCOCK REGIONAL HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,633,894
Total expenses
$1,655,982
Contributions and grants received
$2,453,815
Grants paid
$1,030,481
Program service revenue
$0
Investment income
$72,115
Other revenue
$107,964
Total assets, end of year
$21,657,046
Total liabilities, end of year
$389,776
Net assets or fund balances, end of year
$21,267,270
Program services expenses (Part IX)
$1,386,861
Management and general expenses
$269,121
Fundraising expenses
$0
Program service expenses (Part III)
$1,386,861

Program services were 83.7% 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.

  • 1c · Fundraising events

    $222,491

  • 1f · All other contributions, gifts and grants

    $2,231,324

  • 3 · Investment income

    total $72,115 · excluded $72,115

  • 8a · Fundraising events: gross income

    $37,925

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

    $222,491

  • 8b · Fundraising events: direct expenses

    $67,415

  • 8c · Net income from fundraising events

    total -$29,490 · excluded -$29,490

  • 10a · Gross sales of inventory

    $236,776

  • 10b · Cost of goods sold

    $99,322

  • 10c · Net income from sales of inventory

    total $137,454 · related or exempt $137,454

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $927,786 · program services $927,786

  • 2 · Grants to domestic individuals

    total $102,695 · program services $102,695

  • 11a · Fees: management

    total $89,700 · program services $89,700

  • 11b · Fees: legal

    total $2,790 · management and general $2,790

  • 11g · Fees: other

    total $10,037 · management and general $10,037

  • 12 · Advertising and promotion

    total $7,271 · program services $7,271

  • 13 · Office expenses

    total $412,392 · program services $206,196 · management and general $206,196

  • 17 · Travel

    total $4,184 · program services $2,092 · management and general $2,092

  • 19 · Conferences, conventions and meetings

    total $30 · program services $30

  • 24a · Other expenses: CARING COMMUNITY PARTNE

    total $32,750 · program services $32,750

  • 24b · Other expenses: PASS THROUGH GRANT EXPE

    total $18,341 · program services $18,341

  • 24c · Other expenses: DONOR RECOGNITION

    total $7,637 · management and general $7,637

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $1,846 · management and general $1,846

  • 24e · All other expenses

    total $38,523 · management and general $38,523

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,991 · end of year $73,788

  • 2 · Savings and temporary cash investments

    beginning of year $18,109,134 · end of year $19,914,834

  • 4 · Accounts receivable

    beginning of year $6,178 · end of year $1,557,799

  • 8 · Inventories for sale or use

    beginning of year $91,091 · end of year $110,625

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

    $35,840

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

    $35,840

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $146,343 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,056 · end of year $22,084

  • 25 · Other liabilities

    beginning of year $503,886 · end of year $367,692

  • 27 · Net assets without donor restrictions

    beginning of year $5,378,698 · end of year $7,246,572

  • 28 · Net assets with donor restrictions

    beginning of year $12,581,097 · end of year $14,020,698

Mission and programs · 2023

Mission

TO SUPPORT THE ADVANCEMENT OF HEALTHCARE AND WELLNESS IN THE COMMUNITIES WE SERVE.

  • THE HANCOCK REGIONAL HOSPITAL FOUNDATION WAS INCORPORATED IN SEPTEMBER 1982. AS OUTLINED IN THE ARTICLES OF INCORPORATION FOR THE HOSPITAL FOUNDATION, ARTICLE 2, SECTION 1, STATES THE PURPOSE OF THE CORPORATION BEING:TO RAISE AND EXPEND FUNDS FOR THE BENEFIT OF HANCOCK REGIONAL HOSPITAL AND ANY ORGANIZATION OPERATED, SUPERVISED, OR CONTROLLED BY OR IN CONNECTION WITH IT. SAID FUNDS ARE TO BE EXPENDED FOR THE FOLLOWING PURPOSES -(1) CAPITAL IMPROVEMENTS (2) EDUCATIONAL PROGRAMS INCLUDING SCHOLARSHIPS (3) MEDICAL OR HOSPITAL RELATED RESEARCH OR (4) INITIAL CAPITALIZATION FOR NEW OR EXPERIMENTAL SERVICES.

    Expenses $1,386,861 · Grants $1,030,481

As filed on the 2023 return.

Listed in Part VII

  • Kevin Harvey

    CHAIR/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Tonya Galbraith

    VICE CHAIR/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Mike Graf

    TREASURER/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Peggy Carson

    SECRETARY/OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Denise Arland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tom Butler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dee Carmichael

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tim Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Meg Fitzsimmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Scott Kleine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Florence May

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Muegge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ray Pohland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Stillinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Guy Titus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jason White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bob Wortman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nancy Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $167,498
    From this org
    $0
    From related orgs
    $135,578
    Other
    $31,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $134,818 related
    Bonus
    $0 + $760 related
    Other
    $0
    Deferred
    $0 + $7,308 related
    Nontaxable benefits
    $0 + $24,612 related
    Filer's total
    $0 + $167,498 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
ALL EMPLOYEES ARE EMPLOYED BY A RELATED ORGANIZATION. THAT ORGANIZATION PARTICIPATES IN SALARY SURVEYS TO ANALYZE AND ADJUST PAY RANGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HANCOCK REGIONAL SURGERY CENTER LLC

    SURGERY CENTER · IN

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349314962

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