Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $162,999

• 1f · All other contributions, gifts and grants

  $762,917

• 2f · All other program service revenue

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

• 3 · Investment income

  total $788,685 · excluded $788,685

• 6a · Gross rents

  real property $139,874

• 6b · Less rental expenses

  real property $45,699

• 6c · Rental income or loss

  real property $94,175 · personal property $0

• 6d · Net rental income or loss

  total $94,175 · excluded $94,175

• 7a · Gross sales of assets other than inventory

  securities $14,066,997

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

  securities $14,320,457

• 7c · Gain or loss

  securities -$253,460 · other assets $0

• 7d · Net gain or loss

  total -$253,460 · excluded -$253,460

• 8a · Fundraising events: gross income

  $17,775

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

  $162,999

• 8b · Fundraising events: direct expenses

  $89,150

• 8c · Net income from fundraising events

  total -$71,375 · excluded -$71,375

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $691,619 · program services $691,619

• 11c · Fees: accounting

  total $9,715 · management and general $9,715

• 11f · Fees: investment management

  total $48,581 · management and general $48,581

• 11g · Fees: other

  total $86,107 · program services $86,107 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $14,635 · management and general $14,635

• 24a · Other expenses: Support to RMC

  total $1,382,139 · program services $1,382,139

• 24b · Other expenses: Shared Service Fees

  total $168,547 · management and general $168,547

• 24c · Other expenses: Other fundraising Expenses

  total $46,555 · fundraising $46,555

• 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 $250 · end of year $250

• 2 · Savings and temporary cash investments

  beginning of year $2,649,321 · end of year $1,051,917

• 3 · Pledges and grants receivable

  beginning of year $362,161 · end of year $492,636

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  end of year $124,155

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

  $2,355,663

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

  $32,550

• 10c · Land, buildings and equipment, net

  beginning of year $2,323,113 · end of year $2,323,113

• 11 · Investments: publicly traded securities

  beginning of year $30,558,239 · end of year $35,065,521

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,318,119 · end of year $1,391,667

• 17 · Accounts payable and accrued expenses

  beginning of year $10,743 · end of year $39,863

• 19 · Deferred revenue

  beginning of year $16,000 · end of year $200,434

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $29,960,656 · end of year $32,985,158

• 28 · Net assets with donor restrictions

  beginning of year $7,223,804 · end of year $7,223,804

The filer's explanations (Part III)

Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGMENT OFFICIAL'S COMPENSATION

THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE. The Executive Director's compensation is also determined and paid by Riverside Medical Center.

Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2023 are as follows: PHILLIP KAMBIC - $429,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2023, were as follows: PHILLIP KAMBIC - $211,933, BILL DOUGLAS - $46,481, Dr. Juan Jimenez - $97,746, PATRICIA K. VILT - $50,291.

Related partnerships

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

• Riverside Ambulatory Surgery CTR LLC

  N/A · SURGERY CENTER · IL

  Directly controlled by NA