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← HILLCREST HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by HILLCREST HEALTHCARE FOUNDATION.

Totals

Total revenue
$337,788
Total expenses
$23,708
Contributions and grants received
$153,987
Grants paid
$9,669
Program service revenue
$0
Investment income
$192,849
Other revenue
-$9,048
Total assets, end of year
$1,237,033
Total liabilities, end of year
$3,076
Net assets or fund balances, end of year
$1,233,957
Program services expenses (Part IX)
$20,205
Management and general expenses
$3,503
Fundraising expenses
$0
Program service expenses (Part III)
$20,205

Program services were 85.2% 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

    $50,691

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $3,296

  • 3 · Investment income

    total $26,861 · excluded $26,861

  • 7a · Gross sales of assets other than inventory

    securities $255,874

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

    securities $89,886

  • 7c · Gain or loss

    securities $165,988

  • 7d · Net gain or loss

    total $165,988 · excluded $165,988

  • 8a · Fundraising events: gross income

    $12,312

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

    $50,691

  • 8b · Fundraising events: direct expenses

    $21,360

  • 8c · Net income from fundraising events

    total -$9,048 · excluded -$9,048

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,669 · program services $9,669

  • 11b · Fees: legal

    total $930 · program services $930

  • 11f · Fees: investment management

    total $3,503 · management and general $3,503

  • 11g · Fees: other

    total $9,175 · program services $9,175

  • 17 · Travel

    total $431 · program services $431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,141 · end of year $142,450

  • 4 · Accounts receivable

    end of year $9,000

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

    $11,671

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

    $1,129

  • 10c · Land, buildings and equipment, net

    beginning of year $10,542 · end of year $10,542

  • 11 · Investments: publicly traded securities

    beginning of year $909,052 · end of year $1,075,041

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,076

  • 27 · Net assets without donor restrictions

    beginning of year $1,053,735 · end of year $1,233,957

Mission and programs · 2022

Mission

HILLCREST HEALTHCARE FOUNDATION IS A NON-PROFIT CORPORATION ORGANIZED TO IDENTIFY SOURCES OF SOLICITING, RECEIVING, HOLDING, ADMINISTERING, INVESTING AND DISBURSING FUNDS TO OR FOR THE EXCLUSIVE BENEFIT OF HILLCREST HEALTHCARE COMMUNITIES, INC.

  • HILLCREST HEALTHCARE FOUNDATION IS A NON-PROFIT CORPORATION ORGANIZED TO IDENTIFY SOURCES OF SOLICITING, RECEIVING, HOLDING, ADMINISTERING, INVESTING AND DISBURSING FUNDS TO OR FOR THE EXCLUSIVE BENEFIT OF HILLCREST HEALTHCARE COMMUNITIES, INC.

    Expenses $20,205 · Grants $9,669

As filed on the 2022 return.

Listed in Part VII

  • Bill Mason

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Walker

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry Davis

    PRESIDENT

    Total calculated
    $260,623
    From this org
    $0
    From related orgs
    $248,824
    Other
    $11,799
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,001 related
    Bonus
    $0 + $23,823 related
    Other
    $0
    Deferred
    $0 + $11,799 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $260,623 related

  • John Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lavonda Cantrell

    VICE PRESIDENT OF FOUNDATI

    Total calculated
    $147,508
    From this org
    $0
    From related orgs
    $129,382
    Other
    $18,126
    Hours/week
    12 + 28 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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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, PART 1, LINE 3
COMPENSATION PAID BY RELATED ORGANIZATION, HILLCREST HEALTHCARE COMMUNITIES, INC., IS ESTABLISHED BASED ON APPROVAL BY THAT ORGANIZATION'S BOARD/COMPENSATION COMMITTEE.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349306027

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