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Nonprofiteer
← LABETTE HEALTH ENDOWMENT ASSOCIATION

Form 990 for tax year 2022

Filed by LABETTE HEALTH ENDOWMENT ASSOCIATION.

Totals

Total revenue
$4,240,583
Total expenses
$227,545
Contributions and grants received
$4,048,426
Grants paid
$0
Program service revenue
$275
Investment income
$191,882
Other revenue
$0
Total assets, end of year
$34,457,642
Total liabilities, end of year
$27,162,991
Net assets or fund balances, end of year
$7,294,651
Program services expenses (Part IX)
$191,607
Management and general expenses
$35,938
Fundraising expenses
$0
Program service expenses (Part III)
$191,607

Program services were 84.2% 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.

  • 1d · Related organizations

    $4,048,426

  • 2a · Program service revenue: Healthcare facility re

    total $275 · related or exempt $275

  • 3 · Investment income

    total $191,882 · related or exempt $191,882

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $35,938 · management and general $35,938

  • 20 · Interest

    total $191,607 · program services $191,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $270,300 · end of year $270,300

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

    $21,446,814

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

    $843,149

  • 10c · Land, buildings and equipment, net

    beginning of year $11,723,212 · end of year $20,603,665

  • 15 · Other assets

    beginning of year $0 · end of year $13,583,677

  • 19 · Deferred revenue

    end of year $13,582,991

  • 23 · Secured mortgages and notes payable

    beginning of year $13,580,000 · end of year $13,580,000

  • 27 · Net assets without donor restrictions

    beginning of year -$1,856,788 · end of year $7,024,351

  • 28 · Net assets with donor restrictions

    beginning of year $270,300 · end of year $270,300

Mission and programs · 2022

Mission

The Organization's primary function will be to finance, construct, renovate, expand, maintain, manage, lease, and otherwise operate certain real property for the benefit of, to perform the functions of, or to carry out the purposes of Labette Health. Particularly, the Organization intends to support Labette Health by facilitating an expansion and renovation of certain property of Labette Health.

Activities or mission (Part I)

Organization intends to support Labette Health by facilitating an expansion and renovation of certain property of Labette Health.

  • To provide assistance and funding to Labette County Medical Center, d/b/a Labette Health, to support construction projects undertaken by Labette Health

    Expenses $191,607 · Revenue $192,157

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jerry Clemens

    President

    Total calculated
    $0
    Hours/week
    1

  • Thomas Macaronas

    Treasurer

    Total calculated
    $200,772
    From this org
    $0
    From related orgs
    $163,282
    Other
    $37,490
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $129,330 related
    Bonus
    $0
    Other
    $0 + $33,952 related
    Deferred
    $0 + $30,925 related
    Nontaxable benefits
    $0 + $6,565 related
    Filer's total
    $0 + $200,772 related

  • Richard Babcock

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Brad Oakes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Williams

    Director

    Total calculated
    $719,280
    From this org
    $0
    From related orgs
    $637,707
    Other
    $81,573
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $425,500 related
    Bonus
    $0 + $110,000 related
    Other
    $0 + $102,207 related
    Deferred
    $0 + $80,000 related
    Nontaxable benefits
    $0 + $1,573 related
    Filer's total
    $0 + $719,280 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. 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)

Part I, Line 4b
Brian Williams, current CEO of Labette County Medical Center (a related organization), is eligible to receive IRC section 457(f) retirement plan contributions of up to $30,000 annually at the discretion of the Board of Trustees. $30,000 was contributed to Brian's IRC section 457(f) plan during 2022.

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 November 2023
IRS schema version
2022v5.0
Source object
202343189349300414

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