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Nonprofiteer
← BROAD RIVER HEALTHCARE INC

Form 990 for tax year 2023

Filed by BROAD RIVER HEALTHCARE INC.

Totals

Total revenue
$12,350
Total expenses
$667,737
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$12,350
Total assets, end of year
$6,365,223
Total liabilities, end of year
$2,895,804
Net assets or fund balances, end of year
$3,469,419
Program services expenses (Part IX)
$618,654
Management and general expenses
$49,083
Fundraising expenses
$0
Program service expenses (Part III)
$618,654

Program services were 92.6% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $12,350

  • 6c · Rental income or loss

    real property $12,350 · personal property $0

  • 6d · Net rental income or loss

    total $12,350 · excluded $12,350

  • 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.

  • 11b · Fees: legal

    total $22,669 · management and general $22,669

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 11g · Fees: other

    total $3,599 · program services $0 · management and general $3,599 · fundraising $0

  • 16 · Occupancy

    total $10,450 · management and general $10,450

  • 23 · Insurance

    total $11,065 · management and general $11,065

  • 24a · Other expenses: Program Related Healthcare Investments

    total $618,654 · program services $618,654

  • 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 $434,625

  • 4 · Accounts receivable

    beginning of year $1,100 · end of year $1,100

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $537,620

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $537,620 · end of year $537,620

  • 12 · Investments: other securities

    beginning of year $7,171,966 · end of year $5,826,503

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $380

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $4,020,505 · end of year $2,895,424

  • 27 · Net assets without donor restrictions

    beginning of year $4,124,806 · end of year $3,469,419

Mission and programs · 2023

Mission

Broad River Healthcare, Inc. operates exclusively for benevolent, educational, scientific and charitable purposes, for the benefit of Beaufort Memorial Hospital and the community served by it.

Activities or mission (Part I)

PROVISION OF HEALTHCARE TO THE COMMUNITY.

  • THE ORGANIZATION HOLDS PROGRAM RELATED JOINT VENTURE INVESTMENTS FOR THE HEALTHCARE SYSTEM.

    Expenses $618,654

As filed on the 2023 return.

Listed in Part VII

  • Holton Tim Timberlake Pearce

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Martin J Coyne Jr

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kendall Erickson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tommy Harmon Jr

    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.

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.

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
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349300104

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