Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $93,789

• 1d · Related organizations

  $82,586

• 1f · All other contributions, gifts and grants

  $326,482

• 3 · Investment income

  total $163,036 · excluded $163,036

• 7a · Gross sales of assets other than inventory

  securities $596,438

• 7b · Less cost or other basis and sales expenses

  securities $649,402

• 7c · Gain or loss

  securities -$52,964

• 7d · Net gain or loss

  total -$52,964 · excluded -$52,964

• 8a · Fundraising events: gross income

  $33,026

• 8a · Fundraising events: contributions included on line 1c

  $93,789

• 8b · Fundraising events: direct expenses

  $63,021

• 8c · Net income from fundraising events

  total -$29,995 · excluded -$29,995

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $444,124 · program services $444,124

• 2 · Grants to domestic individuals

  total $15,818 · program services $15,818

• 11c · Fees: accounting

  total $343 · management and general $343

• 11f · Fees: investment management

  total $34,317 · management and general $34,317

• 11g · Fees: other

  total $1,210 · management and general $1,210

• 13 · Office expenses

  total $1,409 · fundraising $1,409

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $741,225 · end of year $900,764

• 11 · Investments: publicly traded securities

  beginning of year $5,089,579 · end of year $5,509,534

• 15 · Other assets

  beginning of year $21,102 · end of year $23,762

• 17 · Accounts payable and accrued expenses

  beginning of year $14,416 · end of year $6,902

• 27 · Net assets without donor restrictions

  beginning of year $3,834,928 · end of year $4,478,051

• 28 · Net assets with donor restrictions

  beginning of year $2,002,562 · end of year $1,949,107

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR, JESSICA BORTNER, IS PAID BY COMMUNITY HOSPITAL ASSOCIATION OF MCCOOK, A RELATED ENTITY. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR (ED) IS AS FOLLOWS: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING THE SALARY OF THE ED. ANNUALLY, THE COMMITTEE CONDUCTS A REVIEW OF THE ED'S PERFORMANCE, ABILITIES, AND OVERALL EFFECTIVENESS. THE COMMITTEE IS PRESENTED WITH SALARY AND COMPENSATION SURVEY DATA THAT IS COMPILED BY THE HUMAN RESOURCE DEPARTMENT. ALL SOURCE DOCUMENTATION IS GIVEN TO THE COMMITTEE AS WELL AS SUMMARIES PROVIDED FOR EASE OF REFERENCE. THE EXECUTIVE COMMITTEE CONDUCTS THE PERFORMANCE REVIEW WITH THE ED AND FOLLOWS WITH A MEETING IN PRIVATE CHAMBERS TO DISCUSS THE REVIEW AND TO DELIBERATE ANY AND ALL CHANGES TO THE EMPLOYMENT AGREEMENT, INCLUDING COMPENSATION AND GOALS FOR THE FOLLOWING YEAR. CONTEMPORANEOUS RECORDS ARE KEPT OF ALL SURVEY AND COMPARABILITY DATA USED ALONG WITH THE RESULTS AND DECISIONS OF THE EXECUTIVE COMMITTEE'S MEETING ON COMPENSATION.