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Nonprofiteer
← HOSPICE OF MIDLAND ENDOWMENT INC

Form 990 for tax year 2022

Filed by HOSPICE OF MIDLAND ENDOWMENT INC.

Totals

Total revenue
$3,156,256
Total expenses
$824,458
Contributions and grants received
$1,587,296
Grants paid
$715,164
Program service revenue
$0
Investment income
$724,080
Other revenue
$844,880
Total assets, end of year
$24,637,247
Total liabilities, end of year
$193,377
Net assets or fund balances, end of year
$24,443,870
Program services expenses (Part IX)
$777,331
Management and general expenses
$47,127
Fundraising expenses
$0
Program service expenses (Part III)
$777,331

Program services were 94.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,587,296

  • 3 · Investment income

    total $383,155 · related or exempt $383,155

  • 5 · Royalties

    total $844,880 · related or exempt $844,880

  • 7a · Gross sales of assets other than inventory

    securities $340,925

  • 7c · Gain or loss

    securities $340,925

  • 7d · Net gain or loss

    total $340,925 · related or exempt $340,925

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $715,164 · program services $715,164

  • 11b · Fees: legal

    total $175 · management and general $175

  • 11c · Fees: accounting

    total $13,493 · management and general $13,493

  • 11f · Fees: investment management

    total $33,089 · management and general $33,089

  • 13 · Office expenses

    total $370 · management and general $370

  • 24a · Other expenses: OIL & GAS EXPENSES

    total $62,167 · program services $62,167

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,151,526 · end of year $1,928,581

  • 4 · Accounts receivable

    beginning of year $69,307 · end of year $42,431

  • 11 · Investments: publicly traded securities

    beginning of year $19,690,664 · end of year $21,691,984

  • 15 · Other assets

    beginning of year $1,003,346 · end of year $974,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $381,836 · end of year $193,377

  • 27 · Net assets without donor restrictions

    beginning of year $20,532,387 · end of year $22,471,158

  • 28 · Net assets with donor restrictions

    beginning of year $2,000,620 · end of year $1,972,712

Mission and programs · 2022

Mission

OPERATE EXCLUSIVELY FOR THE BENEFIT OF HOSPICE OF MIDLAND, INC - A NONPROFIT ORGANIZATION TO MANAGE THEIR INVESTMENTS, AND TO ASSIST IN PROVIDING FUNDING TO TERMINALLY ILL PATIENTS.

  • HOSPICE OF ENDOWMENT INC WAS CREATED FOR THE BENEFIT OF HOSPICE OF MIDLAND INC (EIN 75-1736007) FOR THE PURPOSE OF MANAGING AND INVESTING HOSPICE OF MIDLAND INC'S FINANCIAL ASSETS, AND FOR THE DEVELOPMENT AND OPERATION OF AN ENDOWMENT FUND. HOSPICE OF MIDLAND INC IS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) WHICH WAS ESTABLISHED TO CARE FOR TERMINALLY ILL PATIENTS.

    Expenses $777,331 · Grants $715,164

  • HOSPICE OF ENDOWMENT INC WAS CREATED FOR THE BENEFIT OF HOSPICE OF MIDLAND INC (EIN 75-1736007) FOR THE PURPOSE OF MANAGAING AND INVESTING HOSPICE OF MIDLAND INC'S FINANCIAL ASSETS, AND FOR THE DEVELOPMENT AND OPERATION OF AN ENDOWMENT FUND. HOSPICE OF MIDLAND INC IS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) WHICH WAS ESTABLISHED TO CARE FOR TERMINALLY ILL PATIENTS.

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

Listed in Part VII

  • MAURICE LOPEZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.17

  • BOBLETA CLEERE

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.13

  • MEAGAN HAYGOOD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.19

  • AMY PENLAND

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    0.06

  • RYAN LATHAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.13

  • MARION BRYANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.13

  • VICTOR CHINIKIDIADI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.04

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202410609349300906

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