Lutheran Medical Center Foundation
- Assets
- $15.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Wheat Ridge, CO
- Founding
- 11/2007
- Data as of
- 12/2020
- EIN
- 20-8846152
Organization Overview
Lutheran Medical Center Foundation is located in Wheat Ridge, CO. The organization was established in 2007. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Medical Center 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 12/2020, Lutheran Medical Center Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE REVEAL AND FOSTER GOD'S HEALING LOVE BY IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.LUTHERAN MEDICAL CENTER FOUNDATION WEBSITE ADDRESS:HTTPS://WWW.SCLHEALTH.ORG/LOCATIONS/LUTHERAN-MEDICAL-CENTER-FOUNDATION/
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUTHERAN MEDICAL CENTER FOUNDATION IS A 501 (C) 3 NOT FOR PROFIT ORGANIZATION THAT CREATES IMPACT TO SUPPORT EXCELLENT PATIENT CARE AND INNOVATIVE NEW IDEAS IN MEDICINE AT LUTHERAN MEDICAL CENTER. THROUGH THE GENEROSITY OF CORPORATIONS, FOUNDATIONS AND DONORS, OUR MISSION TO IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE IN A CHANGING WORLD IS ACHIEVED.LMC FOUNDATION PROVIDES FOR THE CHANGING HEALTHCARE NEEDS OF OUR COMMUNITY BY ASSISTING WITH THE BUILDING OF STATE-OF-ART FACILITIES, DEVELOPING INNOVATIVE CARE MODELS AND MAKING SURE THAT ALL PATIENTS HAVE ACCESS TO WORLD-CLASS CARE AND THE BEST PATIENT EXPERIENCE. LMC FOUNDATION TURNS GOOD HEALTHCARE INTO EXCEPTIONAL HEALTHCARE BY ENABLING LMC'S STAFF TO EXCEED THE EXPECTATIONS OF THE PEOPLE WE SERVE.LMC FOUNDATION WAS ESTABLISHED IN 2007 AND HAS POSITIVELY IMPACTED LUTHERAN MEDICAL CENTER AND ALL OF ITS AFFILIATED SERVICES INCLUDING LUTHERAN HOSPICE AT COLLIER HOSPICE CENTER, WEST PINES BEHAVIORAL HEALTH, AND BRIDGES INTEGRATIVE WELLNESS CENTER. THE LMC FOUNDATION DISBURSED FUNDS TO LMC TO PURCHASE CRITICAL CARE EQUIPMENT, PROVIDE STAFF WITH EDUCATIONAL AND LEADERSHIP OPPORTUNITIES, PROVIDE COMPASSIONATE END-OF-LIFE CARE, AND ENHANCE THE HOSPITAL'S OVERALL BEST CARE OF PATIENTS.MAJOR INITIATIVES IN 2021 INCLUDED: - PROVIDED SUPPORT TO LUTHERAN MEDICAL CENTER FOR COVID RELATED ISSUES INCLUDING: PURCHASING HEATED MEDICAL TENTS TO CREATE AN AREA TO PROVIDE CARE TO NON-RESPIRATORY AND LOW ACUITY MEDICAL PATIENTS; PROVIDED SPECIAL HEATING OVENS TO DISINFECT PPE FOR MULTIPLE USE; BUILT COVID-19 TESTING BOOTHS IN THE ED AREA PARKING LOT TO PROVIDE SAFE ENVIRONMENTS FOR PATIENTS AND ASSOCIATES; AND OFFERED CARING CARTS TO ALL STAFF DURING THE PANDEMIC TO SUPPORT STAFF AND MAINTAIN MORALE. - SUPPORTED THE PALLIATIVE CARE AND HOSPICE PROGRAMS INCLUDING INTEGRATIVE THERAPIES FOR PATIENTS AND GRIEF SUPPORT FOR FAMILIES. - OPPORTUNITIES TO SUPPORT CLIENTS' ACCESS TO SUBSTANCE ABUSE TREATMENT AT WEST PINES BEHAVIORAL HEALTH. - SUPPORT OF THE NURSE RECOVERY ASSISTANCE PROGRAM TO HELP PREGNANT MOTHERS STRUGGLING WITH SUBSTANCE ABUSE AND THEIR BABIES, WITH A SPECIAL FOCUS ON OPIOIDS. - OFFERED WORKLIFE PARTNERSHIP COUNSELING FOR ASSOCIATES NEEDING ASSISTANCE. - HUMANITARIAN FUNDS FOR OUR MOST VULNERABLE PATIENTS PROVIDING PRESCRIPTIONS, FOOD, TRANSPORTATION AND OTHER BASIC NEEDS. - SPECIAL EDUCATION OPPORTUNITIES FOR OUR PHYSICIANS, CLINICIANS AND ASSOCIATES TO SUPPORT SPECIALIZED CARE AND PATIENT SAFETY. - PURCHASED NEW, STATE-OF-THE-ART EQUIPMENT FOR LUTHERAN HOSPICE AND OTHER HOSPITAL DEPARTMENTS. - SUPPORTED LMC'S CANCER PROGRAMS INCLUDING TESTING COUNSELING, PATIENT NAVIGATION AND COMFORT THERAPIES FOR ONCOLOGY PATIENTS. - THROUGH THE LUTHERAN VOLUNTEERS, OFFERED STUDENT SCHOLARSHIPS TO FURTHER THE EDUCATION OF YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Brew MD Chair | OfficerTrustee | 2 | $0 |
Jennifer Caskey MD Vice Chair & Secretary | OfficerTrustee | 2 | $0 |
Bob Van Wetter Treasurer | OfficerTrustee | 2 | $0 |
Katherine Repola Executive Director | Officer | 50 | $0 |
J Grant Wicklund Director | Trustee | 1 | $0 |
Christa Dobbs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,615 |
| Related organizations | $652,549 |
| Government grants | $3,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,491,882 |
| Noncash contributions included in lines 1a–1f | $48,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,264,146 |
| Total Program Service Revenue | $0 |
| Investment income | $162,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $503,730 |
| Net Income from Fundraising Events | -$36,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,894,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,032,822 |
| Grants and other assistance to domestic individuals. | $7,326 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,143 |
| Compensation of current officers, directors, key employees. | $90,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,949 |
| 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 | $39,036 |
| Fees for services: Other | $1,159 |
| Advertising and promotion | $28,438 |
| Office expenses | $11,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,574 |
| Insurance | $0 |
| All other expenses | $49,625 |
| Total functional expenses | $2,719,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,715 |
| Pledges and grants receivable | $118,500 |
| Accounts receivable, net | $0 |
| 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 | $6,364 |
| Investments—publicly traded securities | $14,762,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,085,630 |
| Accounts payable and accrued expenses | $29,520 |
| 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 | $266,652 |
| Total liabilities | $296,172 |
| Net assets without donor restrictions | $3,844,377 |
| Net assets with donor restrictions | $10,945,081 |
| 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 | $15,085,630 |
Grants Awarded
Over the last fiscal year, Lutheran Medical Center Foundation has awarded $2,032,822 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Broomfield, CO PURPOSE: SUPPORT LUTHERAN MEDICAL CENTER | $1,760,237 |
Broomfield, CO PURPOSE: PROGRAM SUPPORT | $272,585 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Lutheran Medical Center Foundation has recieved totaling $1,005,691.
| Awarding Organization | Amount |
|---|---|
Scl Health - Front Range Inc Broomfield, CO PURPOSE: PROGRAM SUPPORT | $655,782 |
Daniels Fund Denver, CO PURPOSE: TREATMENT SUBSIDIES AT WEST PINES | $150,000 |
Paul R And Anna Lee White Family Charitable Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $145,000 |
Phil And Ruth Spano Foundation Henderson, CO PURPOSE: COLLIER HOSPICE | $20,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $18,886 |
Schlessman Foundation Inc Denver, CO PURPOSE: LACTATION SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $8,315,989 |
| Earnings | $1,009,550 |
| Net Contributions | $700 |
| Other Expense | $294,480 |
| Ending Balance | $9,031,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Anchorum St Vincent Santa Fe, NM | $156,559,426 | $13,078,758 |
Banner Alzheimers Foundation Phoenix, AZ | $39,991,469 | $5,973,985 |
Bhhs Legacy Foundation Phoenix, AZ | $167,586,858 | $10,408,828 |
Integris Health Foundation Inc Oklahoma City, OK | $92,062,321 | $6,628,637 |