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Nonprofiteer
← APPALACHIAN REGIONAL HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by APPALACHIAN REGIONAL HEALTHCARE FOUNDATION.

Totals

Total revenue
$4,263,333
Total expenses
$633,966
Contributions and grants received
$3,776,059
Grants paid
$0
Program service revenue
$0
Investment income
$487,274
Other revenue
$0
Total assets, end of year
$27,087,194
Total liabilities, end of year
$1,830,870
Net assets or fund balances, end of year
$25,256,324
Program services expenses (Part IX)
$103,328
Management and general expenses
$36,072
Fundraising expenses
$494,566
Program service expenses (Part III)
$103,328

Program services were 16.3% 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.

  • 1e · Government grants (contributions)

    $144,073

  • 1f · All other contributions, gifts and grants

    $3,631,986

  • 1g · Noncash contributions included above

    $160,439

  • 3 · Investment income

    total $19,191 · excluded $19,191

  • 7a · Gross sales of assets other than inventory

    securities $468,083

  • 7c · Gain or loss

    securities $468,083

  • 7d · Net gain or loss

    total $468,083 · excluded $468,083

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $135,889 · fundraising $135,889

  • 10 · Payroll taxes

    total $9,864 · program services $9,864

  • 11f · Fees: investment management

    total $32,956 · management and general $32,956

  • 11g · Fees: other

    total $664 · program services $664

  • 12 · Advertising and promotion

    total $3,850 · program services $3,850

  • 13 · Office expenses

    total $12,607 · program services $9,491 · management and general $3,116

  • 16 · Occupancy

    total $3,775 · program services $3,775

  • 17 · Travel

    total $10,334 · program services $10,334

  • 19 · Conferences, conventions and meetings

    total $52,608 · program services $52,608

  • 22 · Depreciation, depletion and amortization

    total $1,670 · program services $1,670

  • 24a · Other expenses: GRANT PROGRAM EXPENSE

    total $356,302 · fundraising $356,302

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $6,607 · program services $6,607

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $4,465 · program services $4,465

  • 24d · Other expenses: GRANT ADMINISTRATION

    total $2,375 · fundraising $2,375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,087,039 · end of year $8,504,969

  • 2 · Savings and temporary cash investments

    beginning of year $2,575,806 · end of year $1,726,469

  • 3 · Pledges and grants receivable

    beginning of year $4,325,041 · end of year $6,432,541

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

    $330,571

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

    $22,221

  • 10c · Land, buildings and equipment, net

    beginning of year $310,020 · end of year $308,350

  • 11 · Investments: publicly traded securities

    beginning of year $7,973,962 · end of year $10,114,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,589 · end of year $5,837

  • 25 · Other liabilities

    beginning of year $2,040,067 · end of year $1,825,033

  • 27 · Net assets without donor restrictions

    beginning of year $14,850,169 · end of year $15,141,459

  • 28 · Net assets with donor restrictions

    beginning of year $5,359,043 · end of year $10,114,865

Mission and programs · 2022

Mission

WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA AND PROMOTE AND FACILITATE PHILANTHROPY ON BEHALF OF ARHS AND ITS AFFILIATES.

Activities or mission (Part I)

WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA. OUR MISSION WILL BE ACHIEVED BY 1) EXPANDING AND PRESERVING ESSENTIAL PATIENT SERVICES THROUGH PHILANTHROPY; 2) EQUIPPING CAREGIVERS WITH UNIQUE RESOURCES AND LEADING EDGE TECHNOLOGIES; 3) HELPING CREATE A HEALTHIER COMMUNITY FOR THE COUNTIES WE SERVE; AND 4) COOPERATING WITH OTHER COMMUNITY ORGANIZATIONS WHO SHARE THE ARHS MISSION.

  • FUNDS RAISED SUPPORT ARHS AND ITS AFFILIATES THROUGH CAPITAL EQUIPMENT PURCHASES AND OTHER OPERATIONS.

    Expenses $103,328

As filed on the 2022 return.

Listed in Part VII

  • Charles Mantooth

    TRUSTEE/CEO

    Total calculated
    $756,309
    From this org
    $0
    From related orgs
    $718,682
    Other
    $37,627
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $577,293 related
    Bonus
    not reported + $124,323 related
    Other
    not reported + $17,066 related
    Deferred
    not reported + $18,800 related
    Nontaxable benefits
    not reported + $18,827 related
    Filer's total
    not reported + $756,309 related

  • Robert Hudspeth

    TRUSTEE/SVP

    Total calculated
    $289,161
    From this org
    $0
    From related orgs
    $261,197
    Other
    $27,964
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $220,426 related
    Bonus
    not reported + $31,344 related
    Other
    not reported + $9,427 related
    Deferred
    not reported + $16,911 related
    Nontaxable benefits
    not reported + $11,053 related
    Filer's total
    not reported + $289,161 related

  • Rick Cassady

    CFO

    Total calculated
    $268,553
    From this org
    $0
    From related orgs
    $229,316
    Other
    $39,237

    Schedule J breakdown matched by us

    Base
    not reported + $229,316 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $39,237 related
    Filer's total
    not reported + $268,553 related

  • Sam Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Janet Cone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Ferguson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chick Fuller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Libba Gaither

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Goodmon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward Hinson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Anne Corrine Beaver MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul O'Connell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Petti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harrison Chip Williamson

    TRUSTEE

    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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE FILING ORGANIZATION RELIES ON THE METHODS USED BY ARHS, THE PARENT COMPANY, TO ESTABLISH COMPENSATION FOR ALL OFFICERS. NONE OF THE OFFICERS OR BOARD MEMBERS ARE COMPENSATED BY THE FILING ORGANIZATION.
SCHEDULE J, PAGE 1, PART I, LINE 4
CHARLES MANTOOTH 0 10,250 0 ROBERT HUDSPETH 0 9,259 0

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411369349302341

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