Form 990 for tax year 2022
Filed by CANTON-INWOOD AREA HEALTH FOUNDATION.
Totals
- Total revenue
- $420,183
- Total expenses
- $56,318
- Contributions and grants received
- $7,502
- Grants paid
- $39,530
- Program service revenue
- $0
- Investment income
- $413,386
- Other revenue
- -$705
- Total assets, end of year
- $4,058,067
- Total liabilities, end of year
- $15,174
- Net assets or fund balances, end of year
- $4,042,893
- Program services expenses (Part IX)
- $39,530
- Management and general expenses
- $15,781
- Fundraising expenses
- $1,007
- Program service expenses (Part III)
- $39,530
Program services were 70.2% 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
$3,278
-
1f · All other contributions, gifts and grants
$4,224
-
3 · Investment income
total $44,405 · excluded $44,405
-
6b · Less rental expenses
real property $705
-
6c · Rental income or loss
real property -$705
-
6d · Net rental income or loss
total -$705 · excluded -$705
-
7a · Gross sales of assets other than inventory
securities $6,815 · other assets $444,940
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $82,774
-
7c · Gain or loss
securities $6,815 · other assets $362,166
-
7d · Net gain or loss
total $368,981 · excluded $368,981
-
8a · Fundraising events: gross income
$1,627
-
8a · Fundraising events: contributions included on line 1c
$3,278
-
8b · Fundraising events: direct expenses
$1,627
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $33,530 · program services $33,530
-
2 · Grants to domestic individuals
total $6,000 · program services $6,000
-
11b · Fees: legal
total $140 · management and general $140
-
11c · Fees: accounting
total $9,319 · management and general $9,319
-
11f · Fees: investment management
total $4,065 · management and general $4,065
-
11g · Fees: other
total $1,118 · management and general $111 · fundraising $1,007
-
13 · Office expenses
total $2,146 · management and general $2,146
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $105,050 · end of year $462,641
-
10a · Land, buildings and equipment: cost or other basis
$8,729
-
10b · Land, buildings and equipment: accumulated depreciation
$8,729
-
10c · Land, buildings and equipment, net
beginning of year $85,248 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,671,909 · end of year $1,675,045
-
12 · Investments: other securities
beginning of year $1,907,093 · end of year $1,920,381
-
17 · Accounts payable and accrued expenses
beginning of year $55,297 · end of year $15,174
-
27 · Net assets without donor restrictions
beginning of year $3,712,800 · end of year $4,041,665
-
28 · Net assets with donor restrictions
beginning of year $1,203 · end of year $1,228
Mission and programs · 2022
Mission
THE MISSION OF CANTON-INWOOD AREA HEALTH FOUNDATION IS TO INSPIRE AND ENGAGE PHILANTHROPIC SUPPORT FOR SANFORD CANTON-INWOOD MENDICAL CENTER TO IMPROVE THE HEALTH AND WELLNESS OF OUR COMMUNITIES.
Activities or mission (Part I)
TO PROVIDE PHILANTHROPIC SUPPORT FOR SANFORD CANTON-INWOOD MEDICAL CENTER.
-
TO HOLD INVESTMENTS IN SUPPORT OF HEALTH CARE SERVICES IN THE CANTON-INWOOD AREA.
Expenses $39,530 · Grants $39,530
As filed on the 2022 return.
Listed in Part VII
-
NANCY BITTERMAN
CHAIRMAN UNTIL 02/2023
- Total calculated
- $0
- Hours/week
- 0.5
-
STERLING HEATH
VICE CHAIRMAN/CHARIMAN FROM 03/2023
- Total calculated
- $0
- Hours/week
- 0.5
-
REBECCA BIXLER
SEC-TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
ALISON NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT HALL
DIRECTOR FROM 03/2023
- Total calculated
- $0
- Hours/week
- 0.5
-
TERRY MAJERES
DIRECTOR/VICE CHAIRMAN FROM 03/2023
- Total calculated
- $0
- Hours/week
- 0.5
-
SCOTT LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MEREDITH SEHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DORI HORSTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ABBEY VAN BEEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SCOTT LARSON
EXECUTIVE DIRECTOR
- Total calculated
- $238,737
- From this org
- $0
- From related orgs
- $213,399
- Other
- $25,338
- Hours/week
- 1.8 + 38.2 related
Schedule J breakdown matched by us
- Base
- $0 + $212,033 related
- Bonus
- $0 + $1,366 related
- Other
- $0
- Deferred
- $0 + $10,602 related
- Nontaxable benefits
- $0 + $15,353 related
- Filer's total
- $0 + $239,354 related
-
STAN KNOBLOCH
ASSISTANT TREASURER
- Total calculated
- $178,715
- From this org
- $0
- From related orgs
- $156,758
- Other
- $21,957
- Hours/week
- 0.2 + 39.8 related
Schedule J breakdown matched by us
- Base
- $0 + $155,839 related
- Bonus
- $0 + $919 related
- Other
- $0
- Deferred
- $0 + $7,221 related
- Nontaxable benefits
- $0 + $15,190 related
- Filer's total
- $0 + $179,169 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)
- FORM 990, SCHEDULE J
- THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY SANFORD HEALTH NETWORK, A RELATED ORGANIZATION. THE AMOUNT OF COMPENSATION IS CALCULATED BASED ON ESTIMATED HOURS WORKED USING THE SALARY BASE DETERMINED BY SANFORD. SANFORD HEALTH NETWORK USES ONE OR MORE OF THE METHODS ON PART I, LINE 3 TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
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
-
$14,000
TOVERTAFEL (MAGIC TABLE)
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.
-
SANFORD HEALTH NETWORK DBA SANFORD CANTON-INWOOD MEDICAL CTR
501(C)(3) · HEALTHCARE · SD
Directly controlled by SANFORD HEALTH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322779349302002
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.