Grafton Medical Foundation Inc
- Assets
- $92.2k
- Revenue
- $968.0
- Investments
- $86.3k
- Employees
- 0
- Location
- Grafton, WI
- Founding
- 02/1970
- Data as of
- 12/2021
- EIN
- 23-7054743
Organization Overview
Grafton Medical Foundation Inc is located in Grafton, WI. The organization was established in 1970. 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. Grafton Medical 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 12/2021, Grafton Medical Foundation Inc generated $968.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $8.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP TO HIGH SCHOOL STUDENT PURSUING A MEDICAL DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gassert President | 0 | $0 | |
Paul Malloy Secretary | 0 | $0 | |
Susan Putterman Treasurer | 0 | $0 | |
Edward Schmidt Dir | 0 | $0 | |
Stephen Rossmeissl Dir | 0 | $0 | |
Jackie Krueger Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $968 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $310 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $8,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,823 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $64,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,166 |
| Accounts payable and accrued expenses | $8,000 |
| 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 | $0 |
| Total liabilities | $8,000 |
Grants Awarded
Over the last fiscal year, Grafton Medical Foundation Inc has awarded $8,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH HACKER PURPOSE: SCHOLARSHIP | $1,000 |
KIRSTEN VAN RYZIN PURPOSE: SCHOLARSHIP | $1,000 |
ALEXIS GARBISCH PURPOSE: SCHOLARSHIP | $1,000 |
CONCORDIA UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
KATHERINE KNOTT PURPOSE: SCHOLARSHIP | $1,000 |
ANDREA GLIGOREVIC PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Michigan Medicalmanagement Petoskey, MI | $2,238,273 | $1,767,851 |
Munson Healthcare Foundations Traverse City, MI | $80,220,847 | $14,056,196 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Catherine Mcauley Health Services Corp Ypsilanti, MI | $19,999,866 | $5,350,635 |
Fairview Foundation Minneapolis, MN | $21,453,874 | $804,082 |
Board Of Trustees Grand Charity Fund Grand Lodge Of Iowa A F & A M Bettendorf, IA | $8,195,762 | $6,393,688 |
Delta Dental Of Minnesota Trust Minneapolis, MN | $161,726,707 | $13,740,122 |
Northern Illinois & Iowa Laborers Health & Welfare Trust Rock Island, IL | $41,445,522 | $10,740,192 |
Wilson Trailer Company Employee Health Care Fund Sioux City, IA | $3,702,080 | $7,031,035 |
Hennepin Health Foundation Minneapolis, MN | $36,610,127 | $10,869,392 |
Mymichigan Health Development Associates Midland, MI | $0 | $6,910,472 |
Central Iowa Sheet Metal Health Fund Trust Des Moines, IA | $12,409,526 | $7,137,658 |