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 12/2022, Lutheran Medical Center Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 ("LMC") 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, INDIVIDUAL AND OTHER 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 AND WEST PINES BEHAVIORAL HEALTH. 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.ON APRIL 1, 2022, INTERMOUNTAIN HEALTH CARE, INC. AND SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. MERGED, CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE ORGANIZATION EMPLOYS NEARLY 60,000 CAREGIVERS, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH AND IDAHO.AS PART OF INTERMOUNTAIN HEALTH (INTEGRATED HEALTH SYSTEM), LUTHERAN MEDICAL CENTER HAS DIRECT ACCESS TO BEST PRACTICES, RESOURCES, TECHNOLOGY, TALENT AND STRATEGIC CAPITAL. MAJOR INITIATIVES IN 2022 INCLUDED: - THE LEGACY CONTINUES CAMPAIGN HAS RAISED 79% OF ITS GOAL OF $12M. THE CAMPAIGN SUPPORTS ALL DEPARTMENTS AT LUTHERAN WITH EMPHASIS ON THE REPLACEMENT LUTHERAN MEDICAL CENTER BUILD. - 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 WORK LIFE 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Wicklund Director | Trustee | 1 | $0 |
Katherine Repola Executive Director | Officer | 50 | $0 |
Elizabeth Brew MD Director | Trustee | 1 | $0 |
Jennifer Caskey MD Director | Trustee | 1 | $0 |
Christa Dobbs Director | Trustee | 1 | $0 |
Robert Hunter MD Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $111,591 |
Related organizations | $704,387 |
Government grants | $3,200 |
All other contributions, gifts, grants, and similar amounts not included above | $5,781,324 |
Noncash contributions included in lines 1a–1f | $10,881 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,600,502 |
Total Program Service Revenue | $0 |
Investment income | $212,403 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $34,807 |
Net Income from Fundraising Events | -$44,315 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,803,397 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,511,258 |
Grants and other assistance to domestic individuals. | $1,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $212,306 |
Compensation of current officers, directors, key employees. | $95,538 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $165,206 |
Pension plan accruals and contributions | $17,815 |
Other employee benefits | $0 |
Payroll taxes | $22,248 |
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 | $53,890 |
Fees for services: Other | $1,938 |
Advertising and promotion | $39,088 |
Office expenses | $4,760 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,361 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $985 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $393 |
Insurance | $0 |
All other expenses | $18,153 |
Total functional expenses | $2,223,346 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $338 |
Savings and temporary cash investments | $3,746,157 |
Pledges and grants receivable | $1,076,832 |
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 | $0 |
Investments—publicly traded securities | $14,349,336 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $19,172,663 |
Accounts payable and accrued expenses | $0 |
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 | $180,630 |
Total liabilities | $180,630 |
Net assets without donor restrictions | $3,492,354 |
Net assets with donor restrictions | $15,499,679 |
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 | $19,172,663 |
Over the last fiscal year, Lutheran Medical Center Foundation has awarded $2,032,822 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SCL HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $272,585 |
SCL HEALTH - FRONT RANGE INC PURPOSE: SUPPORT LUTHERAN MEDICAL CENTER | $1,760,237 |