Totals
- Total revenue
- $728,812
- Total expenses
- $899,839
- Contributions and grants received
- $0
- Grants paid
- $604,140
- Program service revenue
- $728,812
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $286,596
- Total liabilities, end of year
- $17,025,000
- Net assets or fund balances, end of year
- -$16,738,404
- Program services expenses (Part IX)
- $816,055
- Management and general expenses
- $83,784
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $816,055
Program services were 90.7% 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.
-
2a · Program service revenue: LEASE INCOME
total $728,812 · related or exempt $728,812
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $604,140 · program services $604,140
-
11f · Fees: investment management
total $83,784 · management and general $83,784
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $211,915 · program services $211,915
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $457,623 · end of year $286,596
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $17,025,000 · end of year $17,025,000
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$16,567,377 · end of year -$16,738,404
Mission and programs · 2023
Mission
NONE
Activities or mission (Part I)
THIS ORGANIZATION WAS FORMED TO FACILITATE THE ISSUANCE OF NMTC'S UTILIZED FOR ADDITIONAL CONSTRUCTION EXPENSES FOR THE BUILDING OF A NEW HOSPITAL IN SMITH CENTER.
-
THE MISSION OF THIS ORGANIZATION IS TO FACILITATE THE ISSUANCE OF NMTC'S TO BE USED TO HELP CONSTRUCT A NEW HOSPITAL IN SMITH CENTER AND TO COMPLY WITH FEDERAL REGULATIONS THROUGH THE TERM OF THE LIFE OF THE DEBT ISSUED ($17,025,000) AS PART OF THE ISSUANCE OF NMTC'S.
Expenses $816,055 · Grants $604,140 · Revenue $728,812
As filed on the 2023 return.
Listed in Part VII
-
Bret StrineBRET STRINE
CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Claire ArmentCLAIRE ARMENT
SECRETARY/TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
John TerrillJOHN TERRILL
VICE CHAIRMAN/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 0.2 related
-
Eric HermannsERIC HERMANNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Kenton WeltmerKENTON WELTMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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
-
BOARD OF TRUSTEES SMITH CO MEM HOSP
$604,140
NEW HOSPITAL BUILDING
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.
-
BOARD OF TRUSTEES OF SMITH COUNTY MEMORIAL HOSPITAL
HOSPITAL · KS
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510379349301671
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