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Nonprofiteer
← Primrose Place Inc

Form 990 for tax year 2022

Filed by Primrose Place Inc.

Totals

Total revenue
$48,050
Total expenses
$52,201
Contributions and grants received
$0
Grants paid
$48,050
Program service revenue
$0
Investment income
$0
Other revenue
$48,050
Total assets, end of year
$2,510,308
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,510,308
Program services expenses (Part IX)
$48,050
Management and general expenses
$4,151
Fundraising expenses
$0
Program service expenses (Part III)
$48,050

Program services were 92.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: INVESTMENT DISTRIBUTIONS

    total $48,050 · excluded $48,050

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $48,050

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,050 · program services $48,050

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $4,151 · management and general $4,151

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $26,124

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

    $13,227

  • 10c · Land, buildings and equipment, net

    beginning of year $12,897 · end of year $12,897

  • 11 · Investments: publicly traded securities

    beginning of year $1,318,163 · end of year $1,135,595

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,365,967 · end of year $1,361,816

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,378,864 · end of year $1,374,713

  • 28 · Net assets with donor restrictions

    beginning of year $1,318,163 · end of year $1,135,595

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH QUALITY HEALTH CARE, EDUCATION AND RESEARCH.

Activities or mission (Part I)

TO SUPPORT THE ACTIVITIES OF LESTER E. COX MEDICAL CENTERS.

  • TO SUPPORT ACTIVITIES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF LESTER E. COX MEDICAL CENTERS IN ESTABLISHING AND MAINTAINING A BROAD SPECTRUM OF HEALTH AND WELFARE SERVICES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $48,050 · Grants $48,050

As filed on the 2022 return.

Listed in Part VII

  • Jacob McWay

    DIRECTOR

    Total calculated
    $1,257,807
    From this org
    $0
    From related orgs
    $1,026,750
    Other
    $231,057
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,476 related
    Bonus
    $0 + $171,360 related
    Other
    $0 + $109,914 related
    Deferred
    $0 + $210,020 related
    Nontaxable benefits
    $0 + $21,037 related
    Filer's total
    $0 + $1,257,807 related

  • Max Buetow

    CHAIR

    Total calculated
    $1,027,333
    From this org
    $0
    From related orgs
    $809,328
    Other
    $218,005
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,426 related
    Bonus
    $0 + $63,787 related
    Other
    $0 + $2,115 related
    Deferred
    $0 + $201,493 related
    Nontaxable benefits
    $0 + $16,512 related
    Filer's total
    $0 + $1,027,333 related

  • Ron Prenger

    VICE CHAIR

    Total calculated
    $763,493
    From this org
    $0
    From related orgs
    $714,174
    Other
    $49,319
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $574,402 related
    Bonus
    $0 + $135,962 related
    Other
    $0 + $3,810 related
    Deferred
    $0 + $34,250 related
    Nontaxable benefits
    $0 + $15,069 related
    Filer's total
    $0 + $763,493 related

  • Vickie Nelson

    SECRETARY

    Total calculated
    $82,411
    From this org
    $0
    From related orgs
    $70,920
    Other
    $11,491
    Hours/week
    1 + 45 related

  • Steve Edwards

    FORMER PRESIDENT & CEO

    Total calculated
    $1,881,741
    From this org
    $0
    From related orgs
    $1,720,045
    Other
    $161,696
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $987,148 related
    Bonus
    $0 + $414,960 related
    Other
    $0 + $317,937 related
    Deferred
    $0 + $140,438 related
    Nontaxable benefits
    $0 + $21,258 related
    Filer's total
    $0 + $1,881,741 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
MONTHLY SOCIAL CLUB DUES ARE INCLUDED IN THE TAXABLE COMPENSATION OF STEVE EDWARDS, FORMER CEO, AND JAKE MCWAY, CFO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
STEVE EDWARDS, MAX BEUTOW, AND JACOB MCWAY PARTICIPATE IN A 457(F) NONQUALIFIED RETIREMENT PLAN WITH LESTER E. COX MEDICAL CENTERS: -STEVE EDWARDS RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $125,188. -STEVE EDWARDS RECEIVED AN EXECUTIVE 457(F) DISTRIBUTION OF $307,491, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - JACOB MCWAY RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $174,270. - JACOB MCWAY RECEIVED A 457(F) DISTRIBUTION OF $97,178, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - MAX BUETOW RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $172,368.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
KEY EMPLOYEES HAVE NET EARNINGS AS ONE COMPONENT OF A BALANCED SCORECARD METRIC CONTAINED WITHIN A BONUS PROGRAM. EMPLOYED PHYSICIANS ARE PAID BASED ON A SALARY, A FORMULA USING COLLECTIONS AND EXPENSES, AN AMOUNT PER RVU, OR A COMBINATION OF THESE. EXECUTIVE LEVEL STAFF ARE ELIGIBLE FOR ADDITIONAL COMPENSATION BASED ON A VARIETY OF PERFORMANCE INDICATORS IN QUALITY, CUSTOMER AND EMPLOYEE SATISFACTION AND BUSINESS PERFORMANCE MEASURES.
Schedule J, Part II BOARD MEMBER COMPENSATION
NO COMPENSATION WAS PROVIDED FOR RESPONSIBILITIES ASSOCIATED WITH BEING A BOARD DIRECTOR. COMPENSATION REPORTED FOR SEVERAL BOARD MEMBERS LISTED ON SCHEDULE J REPRESENTS EMPLOYEE OR INDEPENDENT CONTRACTOR COMPENSATION UNRELATED TO SERVICE AS A BOARD MEMBER.
Schedule J, Part II, Column (F) BOARD MEMBER COMPENSATION
COMPENSATION IS REPORTED ON THE FORM 990 IN THE YEAR THAT THE COMPENSATION IS EARNED BY OR AWARDED TO AN INDIVIDUAL, EVEN IF THE COMPENSATION IS NOT PAID TO THE INDIVIDUAL, IS NOT FULLY VESTED, OR IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. IF COMPENSATION IS EARNED OR AWARDED IN ONE YEAR BUT PAID IN A LATER YEAR, THEN THE COMPENSATION IS REPORTED A SECOND TIME ON THE FORM 990 IN THE YEAR THE COMPENSATION IS VESTED OR PAID TO THE INDIVIDUAL.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICAL DEVELOPMENTS INC

    C Corporation · PHARMACY · MO

    Directly controlled by LESTER E COX

  • COX TAXABLE CLOSE CORPORATION

    C Corporation · MEDICAL CLINIC · MO

    Directly controlled by COX MED GROUP

  • FERRELL-DUNCON CLINIC INC

    C Corporation · PHYSICIANS · MO

    Directly controlled by CTCC

  • COXHEALTH RISK SOLUTIONS

    C Corporation · CAPTIVE INSURANCE · CJ

    Directly controlled by LESTER E COX

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202442279349301344

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