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Nonprofiteer
← HUTCHINSON REGIONAL MEDICAL FOUNDATION

Form 990 for tax year 2023

Filed by HUTCHINSON REGIONAL MEDICAL FOUNDATION.

Totals

Total revenue
$14,149,881
Total expenses
$673,532
Contributions and grants received
$597,648
Grants paid
$231,809
Program service revenue
$0
Investment income
$13,552,233
Other revenue
$0
Total assets, end of year
$48,607,201
Total liabilities, end of year
$10,375,376
Net assets or fund balances, end of year
$38,231,825
Program services expenses (Part IX)
$231,809
Management and general expenses
$441,723
Fundraising expenses
$0
Program service expenses (Part III)
$231,809

Program services were 34.4% 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.

  • 1f · All other contributions, gifts and grants

    $597,648

  • 3 · Investment income

    total $1,118,464 · excluded $1,118,464

  • 7a · Gross sales of assets other than inventory

    securities $23,984,307

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

    securities $11,550,538

  • 7c · Gain or loss

    securities $12,433,769

  • 7d · Net gain or loss

    total $12,433,769 · excluded $12,433,769

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,302 · program services $56,302

  • 2 · Grants to domestic individuals

    total $175,507 · program services $175,507

  • 5 · Compensation of officers, directors and key employees

    total $70,300 · management and general $70,300

  • 11f · Fees: investment management

    total $111,831 · management and general $111,831

  • 11g · Fees: other

    total $117,022 · management and general $117,022

  • 12 · Advertising and promotion

    total $104,039 · management and general $104,039

  • 13 · Office expenses

    total $17,835 · management and general $17,835

  • 14 · Information technology

    total $2,618 · management and general $2,618

  • 24a · Other expenses: PATIENT RELATIONS

    total $7,396 · management and general $7,396

  • 24b · Other expenses: MINERAL TAXES

    total $5,506 · management and general $5,506

  • 24e · All other expenses

    total $5,176 · management and general $5,176

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $77,567 · end of year $257,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,468 · end of year $8,813

  • 11 · Investments: publicly traded securities

    beginning of year $43,543,573 · end of year $48,148,762

  • 15 · Other assets

    beginning of year $129,022 · end of year $192,141

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,757 · end of year $18,783

  • 25 · Other liabilities

    beginning of year $9,458,694 · end of year $10,356,593

  • 27 · Net assets without donor restrictions

    beginning of year $32,113,449 · end of year $35,958,857

  • 28 · Net assets with donor restrictions

    beginning of year $2,176,730 · end of year $2,272,968

Mission and programs · 2023

Mission

TO RAISE FUNDS TO FACILITATE THE ACCOMPLISHMENT OF THE HEALTH CARE MISSIONS OF HUTCHINSON REGIONAL MEDICAL CENTER, INC. AND ITS RELATED EXEMPT AFFILIATE CORPORATIONS.

Activities or mission (Part I)

TO CULTIVATE RELATIONSHIPS, WHICH YIELDS ACTIVE PARTICIPATION, THROUGH CONTRIBUTIONS, TO SUPPORT HEALTHCARE INITIATIVES OF THE HUTCHINSON REGIONAL HEALTHCARE SYSTEM AND COMMUNITY HEALTH BASED MISSIONS.

  • TO RAISE FUNDS TO FACILITATE THE ACCOMPLISHMENT OF THE HEALTH CARE MISSIONS OF HUTCHINSON REGIONAL MEDICAL CENTER, INC. AND ITS RELATED EXEMPT AFFILIATE CORPORATIONS.

    Expenses $231,809 · Grants $231,809

As filed on the 2023 return.

Listed in Part VII

  • Bob Fee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mike Juby

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ed Berger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Bush

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Swearer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Egbert

    INTERIM CEO HRMC (TERM AUG)

    Total calculated
    $583,805
    From this org
    $0
    From related orgs
    $583,805
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $583,805 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $583,805 related

  • Benjamin Anderson

    CEO HRMC

    Total calculated
    $95,962
    From this org
    $0
    From related orgs
    $95,962
    Other
    $0
    Hours/week
    1 + 40 related

  • Jessica Flax

    EXECUTIVE DIRECTOR

    Total calculated
    $70,300
    From this org
    $0
    From related orgs
    $70,300
    Other
    $0
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
HRMC IS RESPONSIBLE FOR COMPENSATION OF THEIR OWN EMPLOYEE AND OFFICER COMPENSATION AS REPORTED ON THE IRS FORM 990 AND SCHEDULE J. THE HRMC BOARD ENGAGES IN THE FOLLOWING IN DETERMINING AND APPROVING COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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.

  • HUTCHINSON HEALTH CARE SERVICES INC

    C · MEDICAL EQUIPMENT · KS · controlled entity

  • TRADE CENTER OWNERS ASSOCIATION

    C · PROPERTY MANAGEMENT · KS · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349307195

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