2025-11-17T19:47:56-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 431497518 SWOPE HEALTH FOUNDATION SWOP 8165995680 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 JERON RAVIN PRESIDENT/CEO 8165995680 2025-11-14 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-14 2024 2025-03-06 01:10:19Z JERON RAVIN 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 25909563 0 X N/A X 1984 MO SWOPE HEALTH FOUNDATION WAS CREATED TO RAISE FUNDS TO SUPPORT SWOPE HEALTH SERVICES. 4 2 1 8 0 0 324323 9073177 0 0 1406039 6741204 109 4313 1730471 15818694 5972950 2000000 0 0 258415 226897 104000 101750 101750 284898 137195 6620263 2465842 -4889792 13352852 54239743 56223855 9773083 243188 44466660 55980667 THE MISSION OF THE SWOPE HEALTH FOUNDATION IS TO ENCOURAGE EVERY SEGMENT OF THE GREATER KANSAS CITY AREA TO MAKE GENEROUS CONTRIBUTIONS TO SWOPE HEALTH SERVICES SO IT MAY CONTINUE TO PROVIDE QUALITY HEALTH CARE TO MEDICALLY INDIGENT CITIZENS OF GREATER KANSAS CITY. 0 0 2364092 2000000 SWOPE HEALTH FOUNDATION (FOUNDATION) PROVIDES SUPPORT TO SWOPE HEALTH SERVICES (SWOPE HEALTH) TO ESTABLISH DEVELOPMENT AND FUNDRAISING STRATEGIES AND FUNCTIONS AS PART OF THE SWOPE HEALTH'S LONG-TERM STRATEGIC PLAN. NEW OPERATIONAL STRATEGIES ARE IN PROCESS FOR 2024 WITH A GOAL TO CREATE MODELS FOR CONDUCTING, TRACKING AND REPORTING ON CAPITAL CAMPAIGNS, ANNUAL FUND DRIVES AND FUNDRAISING EVENTS. 2364092 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 X THE ORGANIZATION 8165995680 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 X DR LINDA ADKISON BOARD MEMBER 1.00 0.00 X 0 0 0 DANA CUTLER BOARD MEMBER 1.00 1.00 X 0 0 0 JERON RAVIN PRESIDENT/CEO, SWOPE HEALTH SERVICES 1.00 50.00 X X 0 617070 26908 ANGELA SMART EXECUTIVE DIRECTOR 1.00 40.00 X X 185101 0 27429 185101 617070 54337 1 0 1 0 0 4250000 4823177 9073177 1653296 1653296 15178777 10090869 5087908 5087908 5087908 OTHER INCOME 900099 4313 4313 4313 15818694 4313 0 6741204 2000000 2000000 195023 195023 6899 6899 11687 11687 13288 13288 4436 4436 101750 101750 51737 51737 55000 55000 600 600 24292 24292 BANK CHARGES 786 786 MISCELLANEOUS 344 344 2465842 2364092 0 101750 5717954 3932579 10075800 18571800 30223496 21922021 7914473 11435475 308020 361980 54239743 56223855 109621 56960 2500000 0 7000000 0 163462 186228 9773083 243188 X 44466660 55980667 44466660 55980667 54239743 56223855 X 13352852 -1892805 53960 X X 0 1 X 1 0 X X X 1 SWOPE HEALTH SERVICES 430957840 7 1 2000000 0 1 2000000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MUTUAL FUNDS 10304138 C ALTERNATIVE INVESTMENTS 1131337 C 11435475 DUE TO SWOPE HEALTH SERVICES 186228 186228 X PART X, LINE 2: SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., SWOPE HEALTH KCK NMTC QALICB, INC., AND SWOPE HEALTH FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. FORMS 990 FILED BY SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., SWOPE HEALTH KCK NMTC QALICB, INC., AND SWOPE HEALTH FOUNDATION ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. THE ACCOUNTING GUIDANCE ON INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED AND DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE OR ADJUSTMENT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1150113 0 0 0 0 0 0 1150113 0 1150113 0 0 1 0 1 0 0 0 X X 1 BYRNE PELOFSKY AND ASSOCIATES 421 W DARTMOURTH RD KANSAS CITY MO 64113 GRANT WRITING 0 0 101750 -101750 101750 -101750 MO 0 SWOPE HEALTH SERVICES 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 430957840 501(C)(3) 2000000 0 GENERAL SUPPORT FOR SWOPE HEALTH SERVICES AND BUILDING CONSTRUCTION SUPPORT FOR PACE KC 1 0 PART I, LINE 2: SWOPE HEALTH FOUNDATION GIVES GRANTS TO SWOPE HEALTH SERVICES TO USE AT ITS DISCRETION. 0 0 0 0 0 0 0 0 0 JERON RAVIN PRESIDENT/CEO, SWOPE HEALTH SERVICES 0 544210 0 63500 0 9360 0 13504 0 13404 0 643978 0 0 ANGELA SMART EXECUTIVE DIRECTOR 183540 0 0 0 1561 0 6899 0 20530 0 212530 0 0 0 PART I, LINE 3 SWOPE HEALTH SERVICES', A RELATED ORGANIZATION, BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. SWOPE HEALTH SERVICES USES A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 SWOPE HEALTH SERVICES IS THE SOLE MEMBER OF SWOPE HEALTH FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A SWOPE HEALTH SERVICES IS THE SOLE MEMBER OF SWOPE HEALTH FOUNDATION. AS THE SOLE MEMBER, SWOPE HEALTH SERVICES WILL ELECT EACH BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B SWOPE HEALTH FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B SWOPE HEALTH FOUNDATION PRESENTS AND DISCUSSES ITS FORM 990 WITH ITS BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A SWOPE HEALTH SERVICES', A RELATED ORGANIZATION, BOARD OF DIRECTORS (SWOPE HEALTH BOARD) PERFORMS AN ANNUAL REVIEW OF SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. IN CARRYING OUT THIS ANNUAL REVIEW, THE SWOPE HEALTH BOARD ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO ADVISE AND ASSESS THE REASONABLENESS OF THE COMPENSATION OF THE EXECUTIVE DIRECTOR, WHO DOES NOT PARTICIPATE IN THIS REVIEW OF HIS/HER OWN COMPENSATION. THE SWOPE HEALTH BOARD ALSO CONSIDERS RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE OF THE SWOPE HEALTH BOARD. THE SWOPE HEALTH EXECUTIVE COMMITTEE MET ONCE IN 2024 FOR THE SOLE PURPOSE OF REVIEWING COMPENSATION AND MAKING A PERFORMANCE ADJUSTMENT IN ACCORDANCE WITH DATA PREVIOUSLY PRESENTED BY ITS INDEPENDENT CONSULTANT. DECISIONS WERE COMMUNICATED TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION. THE DISCUSSIONS AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, LINE 1A: SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., SWOPE HEALTH KCK NMT QALICB INC., AND SWOPE HEALTH FOUNDATION ARE RELATED ENTITIES. AS A RESULT, BOARD OVERLAP EXISTS AMONG THESE ENTITIES, AND IT WOULD BE ADMINISTRATIVELY IMPRACTICAL FOR MEMBERS OF THE GOVERNING BOARD AND THE EXECUTIVE TEAM TO BREAKOUT THEIR HOURS DEVOTED AMONG EACH ORGANIZATION. THE AMOUNTS REPORTED AS REPORTABLE COMPENSATION FOR OFFICERS, UNLESS OTHERWISE NOTED ELSEWHERE IN PART VII, ARE FOR SERVICES RENDERED ON BEHALF OF SWOPE HEALTH SERVICES AND SWOPE PARKWAY HOUSING, INC. ALL REPORTABLE COMPENSATION, UNLESS OTHERWISE NOTED IN PART VII, IS PAID BY SWOPE HEALTH SERVICES. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 53,960. FORM 990, PART XII, LINE 2C: SWOPE HEALTH FOUNDATION IS INCLUDED IN A CONSOLIDATED AUDIT REPORT WITH SWOPE HEALTH SERVICES, A RELATED ENTITY. THE SWOPE HEALTH SERVICES' FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT PROCESS, INCLUDING REVIEW AND DISCUSSION OF THE ANNUAL AUDIT RESULTS WITH THE INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM PRIOR TAX YEARS. FORM 990, SIGNIFICANT CHANGES IN 2024 REPORTING: IN DECEMBER 2024, THE ORGANIZATION CLOSED ON A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION FOR THE KANSAS CITY KANSAS (KCK) WOMEN'S & CHILDREN'S CENTER PROJECT AS PART OF THE KCK COMMUNITY EDUCATION, HEALTH & WELLNESS CENTER. LOCAL PARTNERS, CENTRAL BANK OF KANSAS CITY AND LEGACY BANK OF SPRINGFIELD, PROVIDED THE $12,000,000 NMTC ALLOCATION AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). CAPITAL ONE IS THE TAX CREDIT INVESTOR, WHO CONTRIBUTED $3,744,000 OF CAPITAL WHICH COMBINED WITH A $8,496,000 LEVERAGE LOAN FROM THE SWOPE HEALTH FOUNDATION PROVIDES CONSTRUCTION FINANCING FOR THE NEW BUILDING. THE DEAL FOLLOWS A TYPICAL NMTC STRUCTURE AND WAS PLACED FOR A MANDATORY SEVEN-YEAR PERIOD, WITH SWOPE HEALTH FOUNDATION ACTING AS THE "LEVERAGE LENDER." THE FOUNDATION HAS COMMITTED $8,496,000 IN THE FORM OF A LEVERAGE LOAN TO THE NMTC INVESTMENTFUND WITH THE KANSAS COMMERCE DEPARTMENT SUPPORTING CONSTRUCTION OF THE BUILDING BY CONTRIBUTING $4,500,000 OF THIS AMOUNT. THE FIRST PAYMENT OF $2,250,000 HAS ALREADY BEEN RECEIVED, AND THE REMAINING FUNDING WILL BE DRAWN DOWN AS THE CONSTRUCTION IS COMPLETED. THE FINANCIAL STATEMENT IMPACT OF THE NMTC TRANSACTION IS REFLECTED ON THE FORM 990, PART X, LINES 1 AND 7, COLUMN B. SWOPE HEALTH SERVICES 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 430957840 COMMUNITY HEALTH CENTER MO 501(C)(3) LINE 7 N/A 0 SWOPE PARKWAY HOUSING INC 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 431531202 PROVIDES HOUSING TO HANDICAPPED CLIENTS MO 501(C)(3) LINE 7 SWOPE HEALTH SERVICES 1 SWOPE HEALTH KCK NMTC QALICB INC 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 994909676 FINANCE PROJECTS TO SUPPORT THE CLINICAL PROGRAMS OF SWOPE HEALTH SERVICES MO 501(C)(3) LINE 12A, I SWOPE HEALTH SERVICES 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SWOPE HEALTH SERVICES B 2000000 FAIR MARKET VALUE SWOPE HEALTH SERVICES C 4250000 FAIR MARKET VALUE