Form 990 for tax year 2022
Filed by BATH COMMUNITY HOSPITAL FOUNDATION.
Totals
- Total revenue
- $742,693
- Total expenses
- $79,177
- Contributions and grants received
- $70,164
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $672,529
- Other revenue
- $0
- Total assets, end of year
- $21,747,633
- Total liabilities, end of year
- $4,193
- Net assets or fund balances, end of year
- $21,743,440
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $79,177
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$70,164
-
3 · Investment income
total $284,265 · excluded $284,265
-
7a · Gross sales of assets other than inventory
securities $5,952,443
-
7b · Less cost or other basis and sales expenses
securities $5,564,179
-
7c · Gain or loss
securities $388,264
-
7d · Net gain or loss
total $388,264 · excluded $388,264
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $71,909 · management and general $71,909
-
24a · Other expenses: OTHER GENERAL AND ADMIN
total $6,777 · management and general $6,777
-
24b · Other expenses: BANK CHARGES
total $491 · management and general $491
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $364,136 · end of year $402,000
-
3 · Pledges and grants receivable
end of year $0
-
7 · Other notes and loans receivable
beginning of year $4,200,000
-
9 · Prepaid expenses and deferred charges
end of year $1,873
-
11 · Investments: publicly traded securities
beginning of year $20,504,639 · end of year $21,343,760
-
17 · Accounts payable and accrued expenses
beginning of year $19,273 · end of year $4,193
-
27 · Net assets without donor restrictions
beginning of year $25,049,502 · end of year $21,743,440
Mission and programs · 2022
Mission
SEE SCHEDULE OTHE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF BATH COMMUNITY HOSPITAL (THE "HOSPITAL") AND TO ASSIST THE HOSPITAL IN CARRYING OUT ITS CHARITABLE PURPOSES. THE FOUNDATION IS RESPONSIVE TO THE NEEDS AND DEMANDS OF THE HOSPITAL. IF THE HOSPITAL CEASES TO EXIST, THE FOUNDATION SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF ANY QUALIFYING ORGANIZATION WHICH SERVES THE MEDICAL HEALTH NEEDS OF THE ALLEGHANY HIGHLANDS AND BATH COUNTY COMMUNITY.
Activities or mission (Part I)
THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF BATH COMMUNITY HOSPITAL, TO ASSIST THE HOSPITAL IN CARRYING OUT ITS CHARITABLE PURPOSES.
-
THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF BATH COMMUNITY HOSPITAL (THE "HOSPITAL") AND TO ASSIST THE HOSPITAL IN CARRYING OUT ITS CHARITABLE PURPOSES. THE HOSPITAL DRAWS FUNDS FROM THE FOUNDATION BASED ON THE HOSPITAL'S CASH REQUIREMENTS TO FUND OPERATIONS, CAPITAL EQUIPMENT AND CAPITAL IMPROVEMENTS. BATH COMMUNITY HOSPITAL IS A NAMED PERPETUAL BENEFICIARY OF THE LETTIE PATE EVANS TRUST. AS A NAMED BENEFICIARY, THE HOSPITAL RECEIVES SUBSTANTIAL SUPPORT ON AN ANNUAL BASIS. THE HOSPITAL PASSES THIS CONTRIBUTION TO THE FOUNDATION, WITH THE INTENT TO GROW THE FOUNDATION TO ENSURE CONTINUED AND LONG TERM SUPPORT OF THE HOSPITAL.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SCOTT HETZER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
R MEADE SNYDER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
EDUARD NEMIROVSKY
DIRECTOR/PHYSICIAN
- Total calculated
- $307,550
- From this org
- $0
- From related orgs
- $278,377
- Other
- $29,173
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $278,377 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,760 related
- Nontaxable benefits
- $0 + $15,413 related
- Filer's total
- $0 + $307,550 related
-
JOHN LOEFFLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
TIM PISTELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JAY BONFILI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
INGRID BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
DASTGIR QURESHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LAURENS SARTORIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
DAVID COWDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
GEORGE PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
L TRAYWICK DUFFIE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MICHAEL M COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
SCOTT ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
BRYAN THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JEFF LINGERFELT
CEO
- Total calculated
- $312,462
- From this org
- $0
- From related orgs
- $276,536
- Other
- $35,926
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $276,536 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $13,668 related
- Nontaxable benefits
- $0 + $22,258 related
- Filer's total
- $0 + $312,462 related
-
TOM VANDENHOVEN
CFO
- Total calculated
- $190,418
- From this org
- $0
- From related orgs
- $172,639
- Other
- $17,779
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $172,639 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $2,356 related
- Nontaxable benefits
- $0 + $15,423 related
- Filer's total
- $0 + $190,418 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
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
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.
-
501(C)(3) · HOSPITAL · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349314009
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