Falls Memorial Hospital Foundation Inc
- Assets
- $128.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- International Falls, MN
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 20-4585807
Organization Overview
Falls Memorial Hospital Foundation Inc is located in International Falls, MN. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Falls Memorial Hospital 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, Falls Memorial Hospital Foundation Inc generated $64.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $74.1k during the year ending 12/2022. While expenses have increased by 10.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SUPPORT TO INTERNATIONAL FALLS MEMORIAL HOSPITAL ASSOCIATION D/B/A RAINY LAKE MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickie Olson Foundation Director | 10 | $0 | |
Robert Pastor II Rlmc CEO | 1 | $0 | |
Melissa Marcotte Rlmc CFO (thru Feb) | 1 | $0 | |
Mike Katigbak Rlmc CFO (thru Oct) | 1 | $0 | |
Karley Mastin Chairperson | 2 | $0 | |
Julie Ehrman Vice Chairperson | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,007 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $453 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,380 |
| Other Revenue | $0 |
| Total Revenue | $64,840 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $133 |
| Other expenses | $6,946 |
| Total expenses | $74,052 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,834 |
| Other assets | $0 |
| Total assets | $128,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,834 |