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Nonprofiteer
← MAGNOLIA REGIONAL HEALTH CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by MAGNOLIA REGIONAL HEALTH CENTER FOUNDATION INC.

Totals

Total revenue
$304,853
Total expenses
$291,888
Contributions and grants received
$124,693
Grants paid
$62,493
Program service revenue
$0
Investment income
$110,175
Other revenue
$69,985
Total assets, end of year
$8,642,557
Total liabilities, end of year
$2,000
Net assets or fund balances, end of year
$8,640,557
Program services expenses (Part IX)
$256,883
Management and general expenses
$35,005
Fundraising expenses
$0
Program service expenses (Part III)
$256,883

Program services were 88.0% 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.

  • 1c · Fundraising events

    $70,065

  • 1f · All other contributions, gifts and grants

    $54,628

  • 3 · Investment income

    total $88,907 · excluded $88,907

  • 6a · Gross rents

    real property $152,067

  • 6b · Less rental expenses

    real property $53,267

  • 6c · Rental income or loss

    real property $98,800

  • 6d · Net rental income or loss

    total $98,800 · excluded $98,800

  • 7a · Gross sales of assets other than inventory

    securities $21,268

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

    securities $0

  • 7c · Gain or loss

    securities $21,268

  • 7d · Net gain or loss

    total $21,268 · excluded $21,268

  • 8a · Fundraising events: gross income

    $0

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

    $70,065

  • 8b · Fundraising events: direct expenses

    $28,815

  • 8c · Net income from fundraising events

    total -$28,815 · excluded -$28,815

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,353 · program services $55,353

  • 2 · Grants to domestic individuals

    total $7,140 · program services $7,140

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11f · Fees: investment management

    total $13,681 · management and general $13,681

  • 17 · Travel

    total $621 · management and general $621

  • 22 · Depreciation, depletion and amortization

    total $193,119 · program services $193,119

  • 24a · Other expenses: RECRUITMENT

    total $9,316 · management and general $9,316

  • 24b · Other expenses: SUPPLIES

    total $6,641 · program services $1,191 · management and general $5,450

  • 24c · Other expenses: SOFTWARE

    total $3,499 · management and general $3,499

  • 24d · Other expenses: DUES

    total $280 · management and general $280

  • 24e · All other expenses

    total $238 · program services $80 · management and general $158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,518 · end of year $214,809

  • 10a · Land, buildings and equipment: cost or other basis

    $7,153,368

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,092,539

  • 10c · Land, buildings and equipment, net

    beginning of year $6,253,948 · end of year $6,060,829

  • 12 · Investments: other securities

    beginning of year $1,884,081 · end of year $2,352,877

  • 15 · Other assets

    beginning of year $0 · end of year $14,042

  • 17 · Accounts payable and accrued expenses

    end of year $2,000

  • 27 · Net assets without donor restrictions

    beginning of year $8,311,547 · end of year $8,640,557

Mission and programs · 2023

Mission

SUPPORT OPERATIONS OF MAGNOLIA REGIONAL HEALTH CENTER AND TO SUPPORT THE COMMUNITY SERVED BY MAGNOLIA REGIONAL HEALTH CENTER.

  • THE FOUNDATION SUPPORTS THE OPERATIONS OF MAGNOLIA REGIONAL HEALTH CENTER BY LEASING REAL ESTATE TO THE HOSPITAL AND BY PURCHASING NEEDED EQUIPMENT FOR THE HEALTH CENTER.

    Expenses $194,390

  • EMPLOYEE ASSISTANCE, INDIGENT CARE AND OTHER DONATIONS SUPPORTING THE COMMUNITY SERVED BY MANGOLIA REGIONAL HEALTH CENTER.

    Expenses $62,493 · Grants $62,493

As filed on the 2023 return.

Listed in Part VII

  • Ben Tucker

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Mitchell

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Carroll Little

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Scott Bauer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Walker

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Nick Dodd

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy Moore

    EXECUTIVE DIRECTOR

    Total calculated
    $98,207
    From this org
    $0
    From related orgs
    $86,257
    Other
    $11,950
    Hours/week
    4 + 36 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

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.

  • MAGNOLIA REGIONAL HEALTH CENTER

    GOVT · HOSPITAL · MS

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.

  • MAGNOLIA REGIONAL HEALTH SERVICES INC

    C · HEALTH SERVICES · MS

  • MAGNOLIA PHYSICIAN SERVICES INC

    C · PHYSICIAN SERVICES · MS

  • MAGNOLIA PRACTICE SOLUTIONS INC

    C · MANAGEMENT · MS

  • MAGNOLIA STAFFING SOLUTIONS INC

    C · STAFFING SERVICES · MS

Provenance

Return type
form_990
Tax year
2023
Filed
21 July 2025
IRS schema version
2023v6.0
Source object
202542029349300234

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