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Nonprofiteer
← ARCHBOLD FOUNDATION INC

Form 990 for tax year 2022

Filed by ARCHBOLD FOUNDATION INC.

Totals

Total revenue
$6,966,168
Total expenses
$5,322,583
Contributions and grants received
$1,387,126
Grants paid
$4,680,270
Program service revenue
$0
Investment income
$5,611,959
Other revenue
-$32,917
Total assets, end of year
$106,007,971
Total liabilities, end of year
$529,170
Net assets or fund balances, end of year
$105,478,801
Program services expenses (Part IX)
$4,683,894
Management and general expenses
$330,155
Fundraising expenses
$308,534
Program service expenses (Part III)
$4,683,894

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

    $258,489

  • 1f · All other contributions, gifts and grants

    $1,128,637

  • 1g · Noncash contributions included above

    $14,600

  • 3 · Investment income

    total $5,652,697 · excluded $5,652,697

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

    securities $40,738

  • 7c · Gain or loss

    securities -$40,738

  • 7d · Net gain or loss

    total -$40,738 · excluded -$40,738

  • 8a · Fundraising events: gross income

    $56,765

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

    $258,489

  • 8b · Fundraising events: direct expenses

    $89,682

  • 8c · Net income from fundraising events

    total -$32,917 · excluded -$32,917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,680,270 · program services $4,680,270

  • 7 · Other salaries and wages

    total $303,238 · program services $3,033 · management and general $42,453 · fundraising $257,752

  • 9 · Other employee benefits

    total $7,167 · program services $72 · management and general $1,003 · fundraising $6,092

  • 11c · Fees: accounting

    total $9,700 · management and general $9,700

  • 11f · Fees: investment management

    total $269,741 · management and general $269,741

  • 11g · Fees: other

    total $713 · program services $1 · management and general $13 · fundraising $699

  • 13 · Office expenses

    total $11,655 · program services $117 · management and general $1,631 · fundraising $9,907

  • 14 · Information technology

    total $11,639 · program services $117 · management and general $1,629 · fundraising $9,893

  • 17 · Travel

    total $5,225 · program services $52 · management and general $732 · fundraising $4,441

  • 22 · Depreciation, depletion and amortization

    total $5,200 · program services $52 · management and general $728 · fundraising $4,420

  • 23 · Insurance

    total $16,623 · program services $166 · management and general $2,327 · fundraising $14,130

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,197 · program services $12 · management and general $168 · fundraising $1,017

  • 24b · Other expenses: MISCELLANEOUS

    total $203 · program services $2 · management and general $28 · fundraising $173

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $12 · management and general $2 · fundraising $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,394,106 · end of year $4,376,159

  • 3 · Pledges and grants receivable

    beginning of year $906,868 · end of year $264,928

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

    $319,314

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

    $310,995

  • 10c · Land, buildings and equipment, net

    beginning of year $13,519 · end of year $8,319

  • 11 · Investments: publicly traded securities

    beginning of year $94,066,253 · end of year $101,358,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,728 · end of year $28,972

  • 25 · Other liabilities

    beginning of year $1,539,211 · end of year $500,198

  • 27 · Net assets without donor restrictions

    beginning of year $97,812,807 · end of year $105,478,801

Mission and programs · 2022

Mission

THE ARCHBOLD FOUNDATION IS AN INDEPENDENT, 501(C)(3) SUPPORT FOUNDATION WITH THE SOLE PURPOSE OF BUILDING AND SUSTAINING A FINANCIAL LEGACY THAT SUPPORTS JOHN D. ARCHBOLD MEMORIAL HOSPITAL AND ITS AFFILIATED ENTITIES. FINANCIAL SUPPORT FOR JOHN D. ARCHBOLD MEMORIAL HOSPITAL, INC. IS TO BE USED FOR PATIENT SUPPORT, NURSING SCHOLARSHIPS, AND CONSTRUCTION AND EQUIPPING OF FACILITIES.

  • FINANCIAL SUPPORT FOR JOHN D. ARCHBOLD MEMORIAL HOSPITAL TO BE USED FOR PATIENT SUPPORT, NURSING SCHOLARSHIPS, AND CONSTRUCTION AND EQUIPPING OF FACILITIES.

    Expenses $4,647,894 · Grants $4,644,270

  • FINANCIAL SUPPORT FOR JOHN D. ARCHBOLD MEMORIAL HOSPITAL FOR THE WILLIAM HOWARD FLOWERS, JR. FOUNDATION SCHOLARSHIPS.

    Expenses $36,000 · Grants $36,000

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

Listed in Part VII

  • DARCY M CRAVEN

    HOSPITAL CEO

    Total calculated
    $1,181,924
    From this org
    $0
    From related orgs
    $1,014,016
    Other
    $167,908
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    not reported + $768,124 related
    Bonus
    not reported + $243,270 related
    Other
    not reported + $2,622 related
    Deferred
    not reported + $158,360 related
    Nontaxable benefits
    not reported + $9,548 related
    Filer's total
    not reported + $1,181,924 related

  • GREG HEMBREE

    ASST SEC/TRE

    Total calculated
    $888,950
    From this org
    $0
    From related orgs
    $808,862
    Other
    $80,088
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    not reported + $416,937 related
    Bonus
    not reported + $388,361 related
    Other
    not reported + $3,564 related
    Deferred
    not reported + $67,580 related
    Nontaxable benefits
    not reported + $12,508 related
    Filer's total
    not reported + $888,950 related

  • AMANDA MAY

    TRUSTEE

    Total calculated
    $660,512
    From this org
    $0
    From related orgs
    $638,868
    Other
    $21,644
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $516,272 related
    Bonus
    not reported + $121,786 related
    Other
    not reported + $810 related
    Deferred
    not reported + $12,200 related
    Nontaxable benefits
    not reported + $9,444 related
    Filer's total
    not reported + $660,512 related

  • VANN MIDDLETON

    FOUNDATION P

    Total calculated
    $344,086
    From this org
    $298,058
    From related orgs
    $0
    Other
    $46,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,406
    Bonus
    $64,410
    Other
    $1,242
    Deferred
    $39,360
    Nontaxable benefits
    $6,668
    Filer's total
    $344,086

  • DEBBIE BEESON

    SECRETARY/TR

    Total calculated
    $6,020
    From this org
    $0
    From related orgs
    $6,020
    Other
    $0
    Hours/week
    1

  • JOHN BRINSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STUART BRUNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREG EIFORD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN EVERETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • C MARTIN WOOD III

    TRUSTEE(TERM

    Total calculated
    $0
    Hours/week
    1

  • GATES KIRKHAM

    VICE CHAIR T

    Total calculated
    $0
    Hours/week
    1

  • AUSTIN QUINA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG YOKLEY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY ANNE GRAYSON MD

    TRUSTEE(TERM

    Total calculated
    $0
    Hours/week
    1

  • DARREN PATZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FORTSON RUMBLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK SAUSSY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL D SHEA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RANKIN SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARGARET WETHERBEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
DARCY M. CRAVEN 0 146,160 0 GREG HEMBREE 0 52,330 0 VANN MIDDLETON 0 27,907 0
SCHEDULE J, PART III
THE IRS RULES & REGULATIONS REQUIRE THAT CERTAIN NON-CURRENT, NON-CASH ITEMS ARE REPORTED IN PART VII, COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS, OF THE CORE FORM 990 REGARDLESS OF THE CURRENT BENEFIT TO THE EMPLOYEE. THESE SAME RULES, IN SOME CASES, REQUIRE THE COMPENSATION AND BENEFITS TO BE REPORTED TWICE IN PART VII, ONCE WHEN THE ENTITY ACCRUES FOR A FUTURE PAYMENT AND ONCE WHEN THE PAYMENT IS ACTUALLY MADE TO THE EMPLOYEE. THEREFORE, AN EMPLOYEE'S STATED TOTAL COMPENSATION AND BENEFITS REPORTED ON PART VII ARE SUBSTANTIALLY HIGHER THAN THE ACTUAL CASH COMPENSATION RECEIVED IN THE CURRENT YEAR. AMOUNTS REPORTED AS BENEFITS INCLUDE AMOUNTS FOR LIFE INSURANCE, HEALTH INSURANCE, THRIFT PLAN CONTRIBUTIONS, AND PENSION CONTRIBUTIONS. BENEFITS RELATED TO PENSION AND RETIREMENT PLANS REFLECT AMOUNTS ACCUMULATED, BUT NOT PAID, TO THE INDIVIDUAL IN RECOGNITION OF TOTAL YEARS OF EMPLOYMENT, NOT JUST THE CURRENT YEAR. AMC 457(F) RETIREMENT PLAN: CERTAIN EXECUTIVES WHO ARE NOT ELIGIBLE FOR THE SERP MAY BE ELIGIBLE TO PARTICIPATE IN A 457(F) PLAN TO HELP THEM ACCUMULATE FUNDS FOR THEIR LONG- TERM FINANCIAL NEEDS. THE ORGANIZATION MAY CONTRIBUTE A PERCENTAGE OF BASE SALARY INTO AN INDIVIDUAL EXECUTIVES ACCOUNT IF THE ORGANIZATION MEETS CERTAIN FINANCIAL TARGETS. THE ORGANIZATION OWNS ANY PLAN ASSETS UNTIL THEY ARE PAID TO THE EMPLOYEE AND ALL FUNDS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. VESTING BEGINS AT AGE 55 WITH FIVE YEARS OF SERVICE AT A RATE OF 90% AND THEN INCREASES TO 100% AT AGE 60. PAYMENTS ARE MADE ANNUALLY UPON VESTING. BONUS AWARDS: OFFICERS AND PHYSICIANS ARE AWARDED BONUSES/INCENTIVES CONTINGENT IN PART ON MEETING MANAGEMENT-BY-OBJECTIVE INCENTIVE PLAN GOALS.

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

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 July 2024
IRS schema version
2022v5.0
Source object
202412219349300611

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