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Nonprofiteer
← RURAL LIFE FOUNDATION INC

Form 990 for tax year 2023

Filed by RURAL LIFE FOUNDATION INC.

Totals

Total revenue
$5,148,618
Total expenses
$5,526,918
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,130,684
Investment income
$17,934
Other revenue
$0
Total assets, end of year
$6,858,541
Total liabilities, end of year
$851,935
Net assets or fund balances, end of year
$6,006,606
Program services expenses (Part IX)
$3,566,020
Management and general expenses
$1,960,898
Fundraising expenses
$0
Program service expenses (Part III)
$3,566,020

Program services were 64.5% 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.

  • 2a · Program service revenue: Nursing home

    total $3,425,030 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: School

    total $1,214,253 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Miscellaneous

    total $63,713 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Various program revenues

    total $170 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: WDNX underwriting

    total $12,563 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $414,955 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $17,934 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,813,701 · program services $2,074,898 · management and general $738,803 · fundraising $0

  • 9 · Other employee benefits

    total $206,260 · program services $136,132 · management and general $70,128 · fundraising $0

  • 10 · Payroll taxes

    total $147,193 · program services $106,175 · management and general $41,018 · fundraising $0

  • 12 · Advertising and promotion

    total $12,870 · program services $0 · management and general $12,870 · fundraising $0

  • 13 · Office expenses

    total $38,107 · program services $0 · management and general $38,107 · fundraising $0

  • 17 · Travel

    total $61,463 · program services $0 · management and general $61,463 · fundraising $0

  • 20 · Interest

    total $23,022 · program services $0 · management and general $23,022 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $178,537 · program services $123,185 · management and general $55,352 · fundraising $0

  • 23 · Insurance

    total $181,755 · program services $6,521 · management and general $175,234 · fundraising $0

  • 24a · Other expenses: Textbooks

    total $196,378 · program services $196,378 · management and general $0 · fundraising $0

  • 24b · Other expenses: Mission trips

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

  • 24c · Other expenses: Repairs and maintenance

    total $93,995 · program services $0 · management and general $93,995 · fundraising $0

  • 24d · Other expenses: Taxes and licenses

    total $15,966 · program services $0 · management and general $15,966 · fundraising $0

  • 24e · All other expenses

    total $1,557,671 · program services $922,731 · management and general $634,940 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,894,370 · end of year $1,033,257

  • 4 · Accounts receivable

    beginning of year $336,386 · end of year $630,492

  • 8 · Inventories for sale or use

    beginning of year $104,528 · end of year $108,079

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,539 · end of year $79,156

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

    $7,625,718

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

    $2,653,734

  • 10c · Land, buildings and equipment, net

    beginning of year $4,842,267 · end of year $4,971,984

  • 15 · Other assets

    beginning of year $40,635 · end of year $35,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $312,644 · end of year $308,942

  • 19 · Deferred revenue

    beginning of year $16,213 · end of year $12,184

  • 23 · Secured mortgages and notes payable

    beginning of year $418,939 · end of year $383,848

  • 25 · Other liabilities

    beginning of year $152,023 · end of year $146,961

  • 27 · Net assets without donor restrictions

    beginning of year $6,384,906 · end of year $6,006,606

Mission and programs · 2023

Mission

School

  • Nursing home - Provide medical care to patients and provided a setting to teach students the principles associated with work.

    Expenses $2,146,387 · Revenue $3,817,771

  • School - Educated students (K-12)

    Expenses $1,419,633 · Revenue $1,330,847

As filed on the 2023 return.

Listed in Part VII

  • Kathy Moon

    Administration

    Total calculated
    $79,460
    From this org
    $79,460
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Thomas Flint

    Secretary

    Total calculated
    $9,472
    From this org
    $9,472
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephen Dickman

    President

    Total calculated
    $1,638
    From this org
    $1,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joe Simpson

    Vice-President

    Total calculated
    $5,538
    From this org
    $5,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janet Garrison

    Board Member

    Total calculated
    $8,765
    From this org
    $8,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Alton Cantarutti

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • William Moon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Chester Clark

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brenda Palmer

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Dennis Schelles

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Wanda Sarr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen Grabiner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Duman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Angel White

    Board Member

    Total calculated
    $21,130
    From this org
    $21,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mike Duman

    Board Member

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202521779349301217

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