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Nonprofiteer
← MARY LANNING HOSPITAL TRUST

Form 990 for tax year 2023

Filed by MARY LANNING HOSPITAL TRUST.

Totals

Total revenue
$8,990,857
Total expenses
$7,395,245
Contributions and grants received
$0
Grants paid
$6,943,432
Program service revenue
$0
Investment income
$7,434,193
Other revenue
$1,556,664
Total assets, end of year
$18,436,576
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,436,576
Program services expenses (Part IX)
$6,943,432
Management and general expenses
$451,813
Fundraising expenses
$0
Program service expenses (Part III)
$6,943,432

Program services were 93.9% 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.

  • 3 · Investment income

    total $327,207 · excluded $327,207

  • 6a · Gross rents

    real property $3,067,730

  • 6b · Less rental expenses

    real property $1,511,066

  • 6c · Rental income or loss

    real property $1,556,664

  • 6d · Net rental income or loss

    total $1,556,664 · excluded $1,556,664

  • 7a · Gross sales of assets other than inventory

    other assets $26,399,376

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

    other assets $19,292,390

  • 7c · Gain or loss

    other assets $7,106,986

  • 7d · Net gain or loss

    total $7,106,986 · related or exempt $7,106,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,943,432 · program services $6,943,432

  • 5 · Compensation of officers, directors and key employees

    total $152,800 · management and general $152,800

  • 7 · Other salaries and wages

    total $149,383 · management and general $149,383

  • 8 · Pension plan contributions

    total $11,283 · management and general $11,283

  • 9 · Other employee benefits

    total $31,322 · management and general $31,322

  • 10 · Payroll taxes

    total $42,690 · management and general $42,690

  • 11b · Fees: legal

    total $1,979 · management and general $1,979

  • 11c · Fees: accounting

    total $14,250 · management and general $14,250

  • 11f · Fees: investment management

    total $26,656 · management and general $26,656

  • 13 · Office expenses

    total $7,807 · management and general $7,807

  • 23 · Insurance

    total $5,705 · management and general $5,705

  • 24a · Other expenses: TELEPHONE

    total $4,200 · management and general $4,200

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,934 · management and general $1,934

  • 24c · Other expenses: MISCELLANEOUS

    total $1,579 · management and general $1,579

  • 24d · Other expenses: TRAINING

    total $225 · management and general $225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,618,681 · end of year $787,140

  • 2 · Savings and temporary cash investments

    beginning of year $1,622,705 · end of year $4,021,572

  • 6 · Loans and receivables from disqualified persons

    end of year $1,500,000

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

    $1,185,795

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,185,795 · end of year $1,185,795

  • 11 · Investments: publicly traded securities

    beginning of year $11,991,783 · end of year $10,529,169

  • 15 · Other assets

    beginning of year $412,900 · end of year $412,900

  • 27 · Net assets without donor restrictions

    beginning of year $3,685,658 · end of year $2,865,213

  • 28 · Net assets with donor restrictions

    beginning of year $13,146,206 · end of year $15,571,363

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

PRIMARILY TO PROVIDE SUPPORT FOR A TAX-EXEMPT ORGANIZATION, MARY LANNING HEALTHCARE AND AN ORGANIZATION, WHICH IS CONTROLLED BY MARY LANNING HEALTHCARE.

  • ORGANIZATION SET UP TO SUPPORT MARY LANNING HEALTHCARE AND SUNNYSIDE, INC. WHICH IS CONTROLLED BY MARY LANNING HEALTHCARE.

    Expenses $6,943,432 · Grants $6,943,432

As filed on the 2023 return.

Listed in Part VII

  • DAVID FISHER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEFF ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE ALLEN

    SEC/TREAS

    Total calculated
    $164,134
    From this org
    $152,800
    From related orgs
    $0
    Other
    $11,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,690
    Bonus
    $10,000
    Other
    $8,110
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,800

  • CLARENCE M ANDERSON JR

    PRESIDENT

    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

  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 April 2024
IRS schema version
2023v5.0
Source object
202421109349300637

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