Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $457,830

• 1f · All other contributions, gifts and grants

  $632,856

• 3 · Investment income

  total $190,156 · excluded $190,156

• 7a · Gross sales of assets other than inventory

  securities $642,650

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

  securities $0

• 7c · Gain or loss

  securities $642,650

• 7d · Net gain or loss

  total $642,650 · excluded $642,650

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $994,665 · program services $994,665

• 7 · Other salaries and wages

  total $238,614 · management and general $119,307 · fundraising $119,307

• 8 · Pension plan contributions

  total $6,946 · management and general $3,473 · fundraising $3,473

• 9 · Other employee benefits

  total $35,437 · management and general $17,719 · fundraising $17,718

• 10 · Payroll taxes

  total $17,508 · management and general $8,754 · fundraising $8,754

• 11g · Fees: other

  total $68,548 · management and general $34,274 · fundraising $34,274

• 12 · Advertising and promotion

  total $78,351 · management and general $39,176 · fundraising $39,175

• 13 · Office expenses

  total $15,383 · management and general $7,692 · fundraising $7,691

• 16 · Occupancy

  total $3,529 · management and general $1,765 · fundraising $1,764

• 17 · Travel

  total $25 · management and general $13 · fundraising $12

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $432,792 · end of year $912,784

• 3 · Pledges and grants receivable

  beginning of year $561,745 · end of year $521,698

• 11 · Investments: publicly traded securities

  beginning of year $8,565,618 · end of year $7,755,954

• 12 · Investments: other securities

  beginning of year $13,892 · end of year $21,399

• 25 · Other liabilities

  beginning of year $3,448 · end of year $1,663

• 27 · Net assets without donor restrictions

  beginning of year $9,570,599 · end of year $9,210,172

The filer's explanations (Part III)

PART I, LINE 4B

SOUTHEAST GEORGIA HEALTH SYSTEM INC. HAS CERTAIN EMPLOYEES THAT PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN WHICH GIVES SGHS AN OPPORTUNITY TO SUPPLEMENT THE RETIREMENT INCOME OF ITS SELECT MANAGEMENT GROUP OR HIGHLY COMPENSATED EMPLOYEES BY CONTRIBUTING TO A PLAN THAT WILL BE PAID TO THE EXECUTIVE AT RETIREMENT. UNDER THE TERMS OF THE PLAN THE FOLLOWING AMOUNTS WERE DEFERRED DURING CALENDAR YEAR 2022. SCOTT RAYNES: $118,789 UNDER THE TERMS OF THE PLAN THE FOLLOWING AMOUNTS WERE INCLUDED IN THE FORM W-2 AS TAXABLE INCOME FOR CALENDAR YEAR 2022. MICHAEL SHERNECK: $702,509

PART I, LINE 6

COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION: CERTAIN MEMBERS OF MANAGEMENT PARTICIPATE IN A MANAGEMENT INCENTIVE PLAN WHICH IS BASED ON A VARIETY OF MANAGERIAL, QUALITY AND FINANCIAL PERFORMANCE INDICATORS. HOWEVER, COMPENSATION IS PROVIDED UNDER THAT PLAN ONLY IF A CERTAIN NET EARNINGS THRESHOLD IS MET.

COMPENSATION PAID FROM RELATED ORGNAIZATIN

PART IX, LINE 7 REFLECTS SALARIES AND WAGES PAID BY SOUTHEAST GEORGIA HEALTH SYSTEM, INC., (58-1911751), ON BEHALF OF SOUTHEAST GEORGIA HEALTH SYSTEM FOUNDATION, INC., THEREFORE, NO AMOUNTS HAVE BEEN ENTERED IN PART 5 LINA 2A WITH REGARD TO THE NUMBER OF EMPLOYEES REPORTED ON FORM W-3. HOWEVER, 3 EMPLOYEES WERE INCLUDED IN THE NUMBER OF EMPLOYEES REPORTED BY SOUTHEAST GEORGIA HEALTH SYSTEM, INC., FOR THE CALENDAR YEAR ENDING WITHIN THE YEAR COVERED BY THIS RETURN CORRESPONDING TO THE AMOUNT REPORTED ON PART IX, LINE 7.

Related partnerships

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

• SOUTHEAST GEORGIA CYBERKNIFE CENTER LLC

  MEDICAL SERVICES · GA