Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $258,722

• 1f · All other contributions, gifts and grants

  $1,137,786

• 3 · Investment income

  total $131,566 · excluded $131,566

• 7a · Gross sales of assets other than inventory

  securities $411,967

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

  securities $345,960

• 7c · Gain or loss

  securities $66,007

• 7d · Net gain or loss

  total $66,007 · excluded $66,007

• 8a · Fundraising events: gross income

  $116,717

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

  $258,722

• 8b · Fundraising events: direct expenses

  $162,519

• 8c · Net income from fundraising events

  total -$45,802 · excluded -$45,802

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $469,808 · program services $469,808

• 2 · Grants to domestic individuals

  total $45,905 · program services $45,905

• 11c · Fees: accounting

  total $10,750 · management and general $10,750

• 11f · Fees: investment management

  total $8,318 · management and general $8,318

• 11g · Fees: other

  total $22,298 · management and general $22,298

• 12 · Advertising and promotion

  total $15,816 · fundraising $15,816

• 13 · Office expenses

  total $20,917 · management and general $20,917

• 14 · Information technology

  total $13,820 · management and general $13,820

• 19 · Conferences, conventions and meetings

  total $4,748 · management and general $4,748

• 23 · Insurance

  total $2,095 · management and general $2,095

• 24a · Other expenses: CAPITAL CAMPAIGN

  total $638,239 · program services $638,239

• 24b · Other expenses: UNCOLLECTIBLE PLEDGES

  total $42,356 · management and general $42,356

• 24c · Other expenses: HEADACHE CENTER CAMPAIGN

  total $42,207 · program services $42,207

• 24d · Other expenses: DONOR CULTIVATION

  total $29,295 · fundraising $29,295

• 24e · All other expenses

  total $22,317 · program services $3,940 · management and general $5,093 · fundraising $13,284

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $615,724 · end of year $686,033

• 2 · Savings and temporary cash investments

  beginning of year $3,074 · end of year $3,193

• 3 · Pledges and grants receivable

  beginning of year $659,937 · end of year $886,339

• 11 · Investments: publicly traded securities

  beginning of year $4,208,490 · end of year $4,316,796

• 17 · Accounts payable and accrued expenses

  beginning of year $447,354 · end of year $382,229

• 27 · Net assets without donor restrictions

  beginning of year $4,013,319 · end of year $3,825,828

• 28 · Net assets with donor restrictions

  beginning of year $1,026,552 · end of year $1,684,304

The filer's explanations (Part III)

SCHEDULE J, PART III

THE EXECUTIVE DIRECTOR OF THE ORGANIZATION RECEIVES COMPENSATION FROM AN UNRELATED ORGANIZATION, NORMAN REGIONAL HEALTH SYSTEM, FOR SERVICES PROVIDED TO NORMAN REGIONAL HEALTH FOUNDATION. NORMAN REGIONAL HEALTH SYSTEM'S BOARD IS RESPONSIBLE FOR SETTING THE EXECUTIVE DIRECTOR'S COMPENSATION. APPROXIMATELY 75% OF THE EXECUTIVE DIRECTOR'S TIME IS SPENT WORKING FOR NORMAN REGIONAL HEALTH FOUNDATION. THE VALUE OF THESE SERVICES IS RECORDED ON THE FINANCIAL STATEMENTS OF NORMAN REGIONAL HEALTH FOUNDATION AS AN IN-KIND CONTRIBUTION FROM NORMAN REGIONAL HEALTH SYSTEM.