Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $500,000

• 2a · Program service revenue: Research and Development Services

  total $248,716 · related or exempt $248,716

• 6a · Gross rents

  real property $929,243

• 6b · Less rental expenses

  real property $498,772

• 6c · Rental income or loss

  real property $430,471

• 6d · Net rental income or loss

  total $430,471 · related or exempt $430,471

• 7a · Gross sales of assets other than inventory

  other assets $311,660

• 7c · Gain or loss

  other assets $311,660

• 7d · Net gain or loss

  total $311,660 · excluded $311,660

• 11a · Other revenue: Rebate Revenue

  total $2,138 · excluded $2,138

• 11b · Other revenue: Cash Discounts

  total $49 · related or exempt $49

• 11e · Other revenue, total

  $2,187

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $645,150 · program services $645,150

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $1,891,370 · program services $780,368 · management and general $1,111,002

• 8 · Pension plan contributions

  total $127,906 · program services $7,238 · management and general $120,668

• 9 · Other employee benefits

  total $266,421 · program services $92,417 · management and general $174,004

• 10 · Payroll taxes

  total $157,478 · program services $64,974 · management and general $92,504

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,911 · management and general $1,911

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $1,468,044 · program services $275,524 · management and general $1,192,520

• 12 · Advertising and promotion

  total $814 · management and general $814

• 13 · Office expenses

  total $350,588 · program services $1,741 · management and general $348,847

• 14 · Information technology

  total $20,615 · program services $9,856 · management and general $10,759

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,545,836 · management and general $1,545,836

• 17 · Travel

  total $12,231 · management and general $12,231

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $11,194 · management and general $11,194

• 20 · Interest

  total $193,897 · program services $1,946 · management and general $191,951

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,248,426 · management and general $1,248,426

• 23 · Insurance

  total $189,910 · program services $73,450 · management and general $116,460

• 24a · Other expenses: Taxes, Licences, Fees

  total $30,806 · program services $3,641 · management and general $27,165

• 24b · Other expenses: Educational Training

  total $390 · management and general $390

• 24e · All other expenses

  total $4,795 · program services $748 · management and general $4,047

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,076,209 · end of year $33,537

• 4 · Accounts receivable

  beginning of year $163,144 · end of year $644,609

• 9 · Prepaid expenses and deferred charges

  beginning of year $75,905 · end of year $44,043

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

  $59,001,825

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

  $2,568,669

• 10c · Land, buildings and equipment, net

  beginning of year $57,430,600 · end of year $56,433,156

• 15 · Other assets

  end of year $243,341

• 17 · Accounts payable and accrued expenses

  beginning of year $3,418,607 · end of year $1,809,466

• 19 · Deferred revenue

  end of year $7,860

• 25 · Other liabilities

  beginning of year $2,566,703 · end of year $9,495,560

• 27 · Net assets without donor restrictions

  beginning of year $52,760,548 · end of year $46,085,800

The filer's explanations (Part III)

Part I Line 4b

During 2023, the following individuals were able to defer compensation under a nonqualified plan. Albert Wright received deferred contributions of 362,807 from related party Nicholas Barcellona received deferred contributions of 50,769 from related party and Stacey Armstrong received deferred contributions of 62,400. The amounts reported here are included in Part II Column C of the Schedule J. Column C can and does include amounts that were contributed as a part of the standard retirement package if it was available to the employee during the year.

Part I Line 4b

Under the West Virginia United Health System certain individuals reported in Part VII participated in a nonqualified retirement plan and received direct cash payments instead of deferral of income. Douglas Coffman received cash distributions of 58,370. These distributions were paid directly to the recipient by WVUHS, reported on their W-2 and are reported in Part II, Column Biii. These amounts are reported along with other types of retirement contributions for the individuals listed and other that are not a part of the nonqualified plan.