Form 990 for tax year 2023
Filed by PETERSON REGIONAL MEDICAL CENTER FOUNDATION.
Totals
- Total revenue
- $2,176,751
- Total expenses
- $3,412,978
- Contributions and grants received
- $1,797,558
- Grants paid
- $2,986,371
- Program service revenue
- $0
- Investment income
- $397,317
- Other revenue
- -$18,124
- Total assets, end of year
- $8,794,188
- Total liabilities, end of year
- $149,594
- Net assets or fund balances, end of year
- $8,644,594
- Program services expenses (Part IX)
- $2,986,371
- Management and general expenses
- $71,830
- Fundraising expenses
- $354,777
- Program service expenses (Part III)
- $2,986,371
Program services were 87.5% 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.
-
1c · Fundraising events
$718,776
-
1d · Related organizations
$513,916
-
1f · All other contributions, gifts and grants
$564,866
-
3 · Investment income
total $148,431 · excluded $148,431
-
7a · Gross sales of assets other than inventory
securities $1,534,170
-
7b · Less cost or other basis and sales expenses
securities $1,285,284
-
7c · Gain or loss
securities $248,886
-
7d · Net gain or loss
total $248,886 · excluded $248,886
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$718,776
-
8b · Fundraising events: direct expenses
$18,124
-
8c · Net income from fundraising events
total -$18,124 · excluded -$18,124
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,986,371 · program services $2,986,371
-
7 · Other salaries and wages
total $229,192 · fundraising $229,192
-
9 · Other employee benefits
total $85,624 · fundraising $85,624
-
10 · Payroll taxes
total $15,991 · fundraising $15,991
-
11c · Fees: accounting
total $2,960 · management and general $2,960
-
11f · Fees: investment management
total $34,320 · management and general $34,320
-
12 · Advertising and promotion
total $12,514 · management and general $12,514
-
13 · Office expenses
total $11,477 · management and general $11,477
-
14 · Information technology
total $10,221 · management and general $10,221
-
17 · Travel
total $338 · management and general $338
-
24a · Other expenses: DONOR REALATIONS
total $19,125 · fundraising $19,125
-
24b · Other expenses: MISCELLANEOUS
total $3,504 · fundraising $3,504
-
24c · Other expenses: SPECIAL PROJECTS
total $1,341 · fundraising $1,341
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $650,849 · end of year $1,335,065
-
3 · Pledges and grants receivable
beginning of year $3,391,603 · end of year $1,172,895
-
9 · Prepaid expenses and deferred charges
end of year $42,928
-
11 · Investments: publicly traded securities
beginning of year $5,329,800 · end of year $6,144,479
-
12 · Investments: other securities
end of year $98,821
-
17 · Accounts payable and accrued expenses
beginning of year $65,000 · end of year $4,424
-
19 · Deferred revenue
end of year $145,170
-
27 · Net assets without donor restrictions
beginning of year $2,596,525 · end of year $3,079,068
-
28 · Net assets with donor restrictions
beginning of year $6,710,727 · end of year $5,565,526
Mission and programs · 2023
Mission
THE FOUNDATION WILL RAISE FUNDS AND MAKE FRIENDS TO ACCOMPLISH THE MISSION OF PETERSON HEALTH.
Activities or mission (Part I)
THE FOUNDATION WILL ENCOURAGE, CULTIVATE AND GENERATE OPPORTUNITIES FOR PHILANTHROPIC ACTIVITIES THAT WILL ENABLE CONTINUED STRENGTH, VIABILITY, AND ADVANCEMENT OF PRMC.
-
PRMC FOUNDATION PROVIDES GRANTS TO THE MEMBER, SID PETERSON MEMORIAL HOSPITAL IN SUPPORT OF PROGRAMS, FACILITIES, AND EQUIPMENT.
Expenses $2,986,371 · Grants $2,986,371
As filed on the 2023 return.
Listed in Part VII
-
Curtis FinleyCURTIS FINLEY
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rachel JohnstonRACHEL JOHNSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John MillerJOHN MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr William MorrisDR WILLIAM MORRIS
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Paige MixonPAIGE MIXON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tammy ProutTAMMY PROUT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Risa ParkerRISA PARKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kari ShortKARI SHORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roy ThompsonROY THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike WilsonMIKE WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bruce StrackeBRUCE STRACKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ellen SummerlinMARY ELLEN SUMMERLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Missy HoelscherMISSY HOELSCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bruce RiceBRUCE RICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda WilliamsAMANDA WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nellwyn BarnettNELLWYN BARNETT
DIRECTOR OF DEVELOPMENT
- Total calculated
- $130,533
- From this org
- $0
- From related orgs
- $97,290
- Other
- $33,243
- 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.
Grants on this return
-
PETERSON REGIONAL MEDICAL CENTER
$2,986,371
GENERAL OPERATIONAL SUPPORT
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.
-
PETERSON REGIONAL MEDICAL CENTER
501(C)(3) · HOSPITAL · TX
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.
-
PETERSON MEDICAL ASSOCIATES
C · HEALTHCARE · TX
Directly controlled by PETERSON REGIONAL MEDICAL CENTER
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530879349301103
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