Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $408,820

• 2a · Program service revenue: PROGRAM SERVICE REVENU

  total $144,579 · related or exempt $144,579

• 2b · Program service revenue: CHANGE IN BENEFICIAL I

  total $75,359 · related or exempt $75,359

• 3 · Investment income

  total $73,524 · excluded $73,524

• 7a · Gross sales of assets other than inventory

  securities $10,063

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

  securities $0

• 7c · Gain or loss

  securities $10,063

• 7d · Net gain or loss

  total $10,063 · excluded $10,063

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $30,000 · program services $30,000

• 2 · Grants to domestic individuals

  total $2,800 · program services $2,800

• 11c · Fees: accounting

  total $2,862 · management and general $2,862

• 11f · Fees: investment management

  total $4,932 · management and general $4,932

• 11g · Fees: other

  total $213,385 · program services $213,385

• 13 · Office expenses

  total $8,048 · management and general $8,048

• 14 · Information technology

  total $2,487 · management and general $2,487

• 17 · Travel

  total $7,307 · program services $7,307

• 22 · Depreciation, depletion and amortization

  total $59,660 · program services $59,660

• 23 · Insurance

  total $2,365 · program services $2,365

• 24a · Other expenses: MEAL SUPPLIES

  total $76,201 · program services $76,201

• 24b · Other expenses: WELLNESS ACTIVITIES

  total $40,180 · program services $40,180

• 24c · Other expenses: EMPLOYEE RELATIONS

  total $8,305 · program services $8,305

• 24e · All other expenses

  total $9,582 · management and general $9,582

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $20,259 · end of year $68,779

• 4 · Accounts receivable

  beginning of year $7,631 · end of year $21,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,617 · end of year $3,058

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

  $2,943,983

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

  $2,113,311

• 10c · Land, buildings and equipment, net

  beginning of year $890,333 · end of year $830,672

• 12 · Investments: other securities

  beginning of year $3,101,016 · end of year $3,440,923

• 17 · Accounts payable and accrued expenses

  beginning of year $168 · end of year $330

• 27 · Net assets without donor restrictions

  beginning of year $1,882,374 · end of year $2,150,336

• 28 · Net assets with donor restrictions

  beginning of year $2,139,314 · end of year $2,214,673

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE. COMPENSATION IS REVIEWED ANNUALLY AND IS BASED ON THE COMPENSATION SCHEDULES FOR STATE OF SOUTH DAKOTA EMPLOYEES.