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Nonprofiteer
← MAGNOLIA REGIONAL HEALTH CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by MAGNOLIA REGIONAL HEALTH CENTER FOUNDATION INC.

Totals

Total revenue
$269,388
Total expenses
$284,246
Contributions and grants received
$141,470
Grants paid
$58,278
Program service revenue
$0
Investment income
$53,122
Other revenue
$74,796
Total assets, end of year
$8,827,013
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,827,013
Program services expenses (Part IX)
$256,790
Management and general expenses
$27,456
Fundraising expenses
$0
Program service expenses (Part III)
$256,790

Program services were 90.3% 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.

  • 1c · Fundraising events

    $68,007

  • 1f · All other contributions, gifts and grants

    $73,463

  • 3 · Investment income

    total $129,127 · excluded $129,127

  • 6a · Gross rents

    real property $151,167

  • 6b · Less rental expenses

    real property $53,115

  • 6c · Rental income or loss

    real property $98,052

  • 6d · Net rental income or loss

    total $98,052 · excluded $98,052

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

    securities $76,005

  • 7c · Gain or loss

    securities -$76,005

  • 7d · Net gain or loss

    total -$76,005 · excluded -$76,005

  • 8a · Fundraising events: gross income

    $0

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

    $68,007

  • 8b · Fundraising events: direct expenses

    $23,256

  • 8c · Net income from fundraising events

    total -$23,256 · excluded -$23,256

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,836 · program services $35,836

  • 2 · Grants to domestic individuals

    total $22,442 · program services $22,442

  • 11f · Fees: investment management

    total $15,886 · management and general $15,886

  • 17 · Travel

    total -$1,063 · management and general -$1,063

  • 22 · Depreciation, depletion and amortization

    total $193,119 · program services $193,119

  • 24a · Other expenses: RECRUITMENT

    total $5,321 · management and general $5,321

  • 24b · Other expenses: TRAINING

    total $5,204 · program services $5,204

  • 24c · Other expenses: SOFTWARE

    total $3,450 · management and general $3,450

  • 24d · Other expenses: MISCELLANEOUS

    total $2,424 · management and general $2,424

  • 24e · All other expenses

    total $1,627 · program services $189 · management and general $1,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,809 · end of year $266,238

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

    $7,153,368

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

    $1,285,658

  • 10c · Land, buildings and equipment, net

    beginning of year $6,060,829 · end of year $5,867,710

  • 12 · Investments: other securities

    beginning of year $2,352,877 · end of year $2,670,383

  • 15 · Other assets

    beginning of year $14,042 · end of year $22,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,640,557 · end of year $8,827,013

Mission and programs · 2024

Mission

SUPPORT OPERATIONS OF MAGNOLIA REGIONAL HEALTH CENTER AND TO SUPPORT THE COMMUNITY SERVED BY MAGNOLIA REGIONAL HEALTH CENTER.

  • THE FOUNDATION SUPPORTS THE OPERATIONS OF MAGNOLIA REGIONAL HEALTH CENTER BY LEASING REAL ESTATE TO THE HOSPITAL AND BY PURCHASING NEEDED EQUIPMENT FOR THE HEALTH CENTER.

    Expenses $198,512

  • EMPLOYEE ASSISTANCE, INDIGENT CARE AND OTHER DONATIONS SUPPORTING THE COMMUNITY SERVED BY MANGOLIA REGIONAL HEALTH CENTER.

    Expenses $58,278 · Grants $58,278

As filed on the 2024 return.

Listed in Part VII

  • BEN TUCKER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LARRY MITCHELL

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CARROLL LITTLE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR SCOTT BAUER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • ANN WALKER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • DR NICK DODD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • TRACY MOORE

    EXECUTIVE DIRECTOR

    Total calculated
    $97,442
    From this org
    $0
    From related orgs
    $85,782
    Other
    $11,660
    Hours/week
    4 + 36 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2026
IRS schema version
2024v5.5
Source object
202622239349300007

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