Logan Healthcare Foundation Inc
- Assets
- $11.2m
- Revenue
- $144.8k
- Investments
- $3.7m
- Employees
- 0
- Location
- Chapmanville, WV
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-1337361
Organization Overview
Logan Healthcare Foundation Inc is located in Chapmanville, WV. The organization was established in 2005. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Healthcare Foundation Inc 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, Logan Healthcare Foundation Inc generated $144.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $760.6k during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Logan Healthcare Foundation Inc has awarded 92 individual grants totaling $2,844,621. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Earles President/ VP And Treasurer | 40 | $100,000 | |
Charles Justice Secretary | 0.5 | $0 | |
Anita Amburgey Assistant Secretary | 0.5 | $0 | |
Robert Whitler Chairman | 0.5 | $0 | |
Kristin Dial Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $4,223 |
| Dividends & Interest | $215,247 |
| Net Rental Income | $15,481 |
| Net Gain on Sale of Assets | -$395,279 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,160 |
| Total Revenue | $144,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,277 |
| Other employee salaries and wages | $52,223 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,805 |
| Depreciation | $5,786 |
| Occupancy | $11,985 |
| Travel, conferences, and meetings | $382 |
| Printing and publications | $0 |
| Other expenses | $16,005 |
| Total operating and administrative expenses | $280,509 |
| Contributions, gifts, grants paid | $480,122 |
| Total expenses and disbursements | $760,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,216 |
| Savings and temporary cash investments | $6,213,043 |
| Net Accounts receivable | $1,238 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $867,708 |
| Other assets | $400 |
| Total assets | $11,151,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $173,222 |
| Total liabilities | $173,222 |
Grants Awarded
Over the last fiscal year, Logan Healthcare Foundation Inc has awarded $480,122 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
RURAL HEALTH ACCESS CORPORATION PURPOSE: TO FUND ORGANIZATION'S MISSION | $59,850 |
CENTER FOR RURAL HEALTH DEVELOPMENT PURPOSE: TO SUPPORT COMMUNITY SCHOLARSHIPS FOR THE 2023 APPALACHIAN HEALTH LEADERSHIP FORUM, AND 2023 WV RURAL HEALTH CONFERENCE, AND TO SUPPORT INFRASTRUCTURE INVESTMENT AS STATED IN THE ANNUAL ACTION PLAN DEVELOPED BY WILD, WONDERFUL AND HEALTHY LOGAN COUNTY TO STRENGTHEN THE COMMUNITY INFRASTRUCTURE TO ADDRESS THE SOCIAL DETERMINANTS OF HEALTH. | $22,500 |
LOGAN COUNTY CHILD ADVOCACY CENTER PURPOSE: TO PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES ON BEHALF OF FAMILIES IN LOGAN AND MINGO COUNTIES. | $45,000 |
RECOVERY GROUP OF SOUTHERN WEST VIRGINIA PURPOSE: TO FUND ORGANIZATION'S MISSION | $60,000 |
WEST VIRGINIA HEALTH RIGHT INC PURPOSE: TO FUND ORGANIZATION'S MISSION | $60,000 |
RONALD MCDONALD HOUSE MORGANTOWN PURPOSE: TO SUPPORT "MAKING A HOUSE A HOME" PROGRAM, ENSURING AN APARTMENT SPACE WILL BE WELL MAINTAINED AND READY TO WELCOME GUEST FAMILIES AT THE RONALD MCDONALD HOUSE MORGANTOWN FOR ONE CALENDAR YEAR. | $750 |