Genesis Healthcare System -Group Return-
- Assets
- $82.4m
- Revenue
- $5.1m
- Investments
- $20.6m
- Employees
- 3
- Location
- Zanesville, OH
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 31-1773259
Organization Overview
Genesis Healthcare System -Group Return-, operating under the name See Schedule O, is located in Zanesville, OH. The organization was established in 2001. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, See Schedule O employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, See Schedule O generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CHARITABLE SUPPORT FOR GENESIS HEALTHCARE SYSTEM AS WE SHARE ITS MISSION TO PROVIDE COMPASSIONATE, QUALITY HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFFILIATES OF GENESIS HEALTHCARE SYSTEM (THE "HOSPITAL"), A 501(C)(3) ORGANIZATION, HAVE ELECTED TO BE INCLUDED IN A GROUP RETURN. HOWEVER, EACH AFFILIATE HAS SEPARATELY STATED ITS 2020 PROGRAM SERVICE ACCOMPLISHMENTS BELOW:GENESIS HEALTHCARE FOUNDATION:GENESIS HEALTHCARE FOUNDATION PROVIDES FUNDING TO GENESIS HEALTHCARE SYSTEM FOR THE NEWLY COMPLETED HOSPITAL, AS WELL AS MISCELLANEOUS MAJOR AND MINOR MEDICAL EQUIPMENT, VARIOUS PROGRAMS, AND EDUCATION. ALL OF THE ASSETS OF BETHESDA HEALTH FOUNDATION AND GOOD SAMARITAN MEDICAL CENTER FOUNDATION WERE TRANSFERRED TO GENESIS HEALTHCARE FOUNDATION IN 1999.CARESERVE:CARESERVE PROVIDED SKILLED NURSING CARE THROUGH ITS TWO FACILITIES, LOCATED IN ZANESVILLE AND MCCONNELSVILLE, UNTIL THE BEDS FROM BOTH FACILITIES AND PROPERTY FROM MCCONNELSVILLE WERE SOLD IN OCTOBER 2010. THE ZANESVILLE PROPERTY WAS LEASED TO THE NEW OWNERS UNTIL NOVEMBER OF 2013. THE NET BOOK VALUE OF THE PROPERTY WAS THEN TRANSFERRED TO GENESIS HEALTHCARE SYSTEM TO HOUSE THEIR BEHAVIORAL HEALTH SERVICES.BETHESDA HOSPITALITY SHOP:BETHESDA HOSPITALITY SHOP AND EVENTS ARE RUN BY VOLUNTEERS, USING PROCEEDS FROM SALES.
PROVIDED $35,500 IN SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN HEALTHCARE IN ACCORDANCE WITH DONOR GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Maureen Anne Shepard Secretary | OfficerTrustee | 0.8 | $0 |
Thomas Ruggles MD Treasurer | OfficerTrustee | 0.8 | $0 |
Matthew Perry President/ceo | Officer | 0.8 | $0 |
Michael Norman Chief Financial Officer | Officer | 0.8 | $0 |
Jerry Nolder Executive Director | Officer | 0.8 | $0 |
John Zimmerman MD Board Member | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brook Recognition Donor Recognition Systems | 12/30/14 | $270,000 |
Zanesville Country Club Facility Rental/catering | 12/30/14 | $116,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,020,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,382 |
| Total Program Service Revenue | $0 |
| Investment income | $3,813,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $220,205 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,054,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,000 |
| Grants and other assistance to domestic individuals. | $18,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,919 |
| Advertising and promotion | $10,883 |
| Office expenses | $612,277 |
| Information technology | $12,621 |
| Royalties | $0 |
| Occupancy | $3,781 |
| Travel | $197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,452 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,939 |
| Insurance | $4,510 |
| All other expenses | $0 |
| Total functional expenses | $1,347,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,784 |
| Savings and temporary cash investments | $2,760,136 |
| Pledges and grants receivable | $1,359,670 |
| Accounts receivable, net | $3,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9 |
| Inventories for sale or use | $153,921 |
| Prepaid expenses and deferred charges | $1,129 |
| Net Land, buildings, and equipment | $140,960 |
| Investments—publicly traded securities | $55,083,212 |
| Investments—other securities | $20,577,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,352,787 |
| Total assets | $82,445,266 |
| Accounts payable and accrued expenses | $28,672 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,123 |
| Total liabilities | $76,795 |
| Net assets without donor restrictions | $54,603,122 |
| Net assets with donor restrictions | $27,765,349 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $82,445,266 |
Grants Awarded
Over the last fiscal year, Genesis Healthcare System -Group Return- has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO UNIVERSITY - ZANESVILLE PURPOSE: PROVIDE SCHOLARSHIP/ EDUCATION FOR STUDENTS PURSING DEGREES IN MEDICAL FIELD | $6,000 |
ZANE STATE COLLEGE PURPOSE: PROVIDE SCHOLARSHIP/ EDUCATION FOR STUDENTS PURSING DEGREES IN MEDICAL FIELD | $6,000 |
Endowment Analysis
| Beg. Balance | $23,006,066 |
| Earnings | $2,283,612 |
| Net Contributions | $2,883,608 |
| Other Expense | $372,436 |
| Grants | $35,500 |
| Ending Balance | $27,765,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |