Island Health & Wellness Foundation
- Assets
- $2.4m
- Revenue
- $173.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Deer Isle, ME
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 01-6022815
Organization Overview
Island Health & Wellness Foundation is located in Deer Isle, ME. The organization was established in 1966. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Island Health & Wellness Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Health & Wellness Foundation 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 12/2022, Island Health & Wellness Foundation generated $173.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $251.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Island Health & Wellness Foundation has awarded 11 individual grants totaling $149,927. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ISLAND HEALTH & WELLNESS FOUNDATION'S MISSION IS TO IDENTIFY AND ADVOCATE FOR HEALTH AND WELLNESS NEEDS OF DEER ISLE-STONINGTON; PROVIDE FINANCIAL SUPPORT, GUIDANCE AND ENCOURAGEMENT TO LOCAL HEALTH AND WELLNESS ORGANIZATIONS; AND MAINTAIN THE ISLAND MEDICAL CENTER FOR THE PROVISION OF HEALTH AND DENTAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLAND HEALTH & WELLNESS FOUNDATION OWNED AND MANAGED SPACE FOR MEDICAL SERVICES TO BE MADE AVAILABLE TO RESIDENTS OF DEER ISLE, STONINGTON, AND SURROUNDING ISLANDS, AN AREA OTHERWISE WITHOUT CONVENIENT ACCESS TO HEALTH CARE. ADDITIONALLY, GRANTS WERE PROVIDED TO HEALTHCARE PROVIDERS TO SUPPORT FREE AND REDUCED-CARE SERVICES, AND TO AREA ORGANZIATIONS TO FOSTER HEALTHY LIFESTYLES AMONG LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne West Executive Di | Officer | 20 | $40,045 |
Nancy Greene Secretary | OfficerTrustee | 5.15 | $0 |
Shannon Joyce Vice Preside | OfficerTrustee | 1 | $0 |
Gail Senecal Asst Treasur | OfficerTrustee | 3.85 | $0 |
Judy Williams Treasurer | OfficerTrustee | 0.75 | $0 |
Mark Picton Treasurer (f | OfficerTrustee | 2.9 | $0 |
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 | $89,994 |
| Noncash contributions included in lines 1a–1f | $1,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,994 |
| Total Program Service Revenue | $99,092 |
| Investment income | $25,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $24,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,045 |
| Compensation of current officers, directors, key employees. | $19,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,435 |
| Payroll taxes | $4,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,644 |
| Fees for services: Other | $0 |
| Advertising and promotion | $819 |
| Office expenses | $13,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,452 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,326 |
| Insurance | $8,632 |
| All other expenses | $0 |
| Total functional expenses | $251,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,189 |
| Savings and temporary cash investments | $226,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $641,398 |
| Investments—publicly traded securities | $1,533,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,409,831 |
| Accounts payable and accrued expenses | $2,656 |
| 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 | $0 |
| Total liabilities | $2,656 |
| Net assets without donor restrictions | $1,914,457 |
| Net assets with donor restrictions | $492,718 |
| 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 | $2,409,831 |
Grants Awarded
Over the last fiscal year, Island Health & Wellness Foundation has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Deer Isle, ME PURPOSE: COMM. PARAMEDICINE | $15,000 |
CSD 13 PURPOSE: SUB ABUSE EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Island Health & Wellness Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $1,453,223 |
| Earnings | -$194,660 |
| Admin Expense | $9,633 |
| Ending Balance | $1,248,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Maine Coast Regional Health Facilities Ellsworth, ME | $64,403,049 | $81,449,460 |
Memorial Hospital North Conway, NH | $121,250,571 | $92,264,207 |
Huggins Hospital Wolfeboro, NH | $178,261,759 | $92,166,408 |
Mount Desert Island Hospital Bar Harbor, ME | $84,300,625 | $94,579,483 |
Alice Peck Day Memorial Hospital Lebanon, NH | $121,000,117 | $84,355,521 |
Speare Memorial Hospital Plymouth, NH | $103,298,307 | $78,325,414 |
Androscoggin Valley Hospital Inc Berlin, NH | $96,834,885 | $76,927,619 |
The New London Hospital Association Inc New London, NH | $104,740,465 | $65,376,393 |
Weeks Medical Center Lancaster, NH | $93,203,469 | $69,251,055 |
Mid Coast Hospital Brunswick, ME | $0 | $59,625,535 |
Catholic Medical Center Physicians Practice Associates Manchester, NH | $724,337 | $16,272,963 |