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Nonprofiteer
← PETERSBURG MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by PETERSBURG MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$70,651
Total expenses
$66,292
Contributions and grants received
$54,200
Grants paid
$28,010
Program service revenue
$0
Investment income
$0
Other revenue
$16,451
Total assets, end of year
$541,941
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$541,941
Program services expenses (Part IX)
$66,292
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$66,292

Program services were 100.0% 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

    $54,200

  • 8a · Fundraising events: gross income

    $20,251

  • 8b · Fundraising events: direct expenses

    $3,800

  • 8c · Net income from fundraising events

    total $16,451 · excluded $16,451

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,010 · program services $28,010

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 11g · Fees: other

    total $2,288 · program services $2,288

  • 12 · Advertising and promotion

    total $2,205 · program services $2,205

  • 13 · Office expenses

    total $393 · program services $393

  • 17 · Travel

    total $2,027 · program services $2,027

  • 23 · Insurance

    total $1,347 · program services $1,347

  • 24a · Other expenses: Training

    total $14,358 · program services $14,358

  • 24b · Other expenses: Scholarships

    total $9,000 · program services $9,000

  • 24c · Other expenses: Medevac

    total $5,000 · program services $5,000

  • 24d · Other expenses: Subscriptions

    total $144 · program services $144

  • 24e · All other expenses

    total $20 · program services $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,798 · end of year $173,597

  • 2 · Savings and temporary cash investments

    beginning of year $57,973 · end of year $34,532

  • 11 · Investments: publicly traded securities

    beginning of year $300,541 · end of year $333,812

  • 28 · Net assets with donor restrictions

    beginning of year $504,312 · end of year $541,941

Mission and programs · 2023

Mission

Fundraising and charitable activities in support and on behalf of Petersburg Medical Center.

  • Contributed in meeting medical demands by supporting nursing students through scholarships and supporting Petersburg Medical Center Programs such as "Beat the Odds," a cancer support program.

    Expenses $66,292 · Grants $28,010

As filed on the 2023 return.

Listed in Part VII

  • Suzanne Paulsen

    President

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Jennifer Bryner

    Vice President

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Sarah Holmgrain

    Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Heather Conn

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Philip Hofstetter

    Director/CEO

    Total calculated
    $0
    Hours/week
    0.25 + 40 related

  • Elizabeth Bacom

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 2 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

  • WMC Cancer Care

    $0

    Cancer Support to the community

  • First City Council on Cancer

    $0

    Cancer Support to the community

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349315741

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