Mary Greeley Medical Center Foundation
- Assets
- $15.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 23-7064009
Organization Overview
Mary Greeley Medical Center Foundation is located in Ames, IA. The organization was established in 1970. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Mary Greeley 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 06/2022, Mary Greeley Medical Center Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 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
THE MARY GREELEY MEDICAL CENTER FOUNDATION IS THE PREFERRED CHANNEL OF GIVING TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER). THE MARY GREELEY MEDICAL CENTER FOUNDATION SUPPORTS THE MISSION OF THE MEDICAL CENTER THROUGH PHILANTHROPY AND ENGAGEMENT. DONORS CAN BE CONFIDENT THAT THEIR GIFTS WILL DIRECTLY BENEFIT THE PROGRAMS AND SERVICES OF THE MEDICAL CENTER, THE PATIENTS AND FAMILIES SERVED BY THE MEDICAL CENTER, AND THE MEDICAL CENTER STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER): PRIVATE GIFT SUPPORT THROUGH THE FOUNDATION PLAYS AN IMPORTANT ROLE IN THE MISSION OF THE MEDICAL CENTER THROUGH FUNDING OF VITAL PROJECTS, PROGRAMS AND SERVICES. IN 2021 MAJOR PROGRAMS FUNDED INCLUDE THE ISRAEL FAMILY HOSPICE HOUSE AND HOSPICE HOME CARE, THE WILLIAM R BLISS CANCER CENTER AND THE DIABETES AND NUTRITION EDUCATION CENTER. MAJOR PROJECTS INCLUDE THE CONSTRUCTION OF A NEW HEALING GARDEN AND THE CONSTRUCTION OF THE BIRTHWAYS AND PEDIATRICS UNITS. EDUCATIONAL PROGRAMS INCLUDE STAFF AND PHYSICIAN TRAINING, SPECIALTY CERTIFICATIONS AND PUBLIC EDUCATIONAL PROGRAMS ALONG WITH SUPPORT FOR MARY GREELEY'S RESPONSE TO THE COVID-19 PANDEMIC.
EMPLOYEE SUPPORT:THE FOUNDATION PROVIDED SUPPORT TO 13 MARY GREELEY MEDICAL CENTER EMPLOYEES IN 2021 IN TIMES OF EMERGENCY. EMPLOYEES WERE ASSISTED WITH EXPENSES SUCH AS UTILITY BILLS, MEDICAL BILLS, DAYCARE BILLS, CAR PAYMENTS, CAR REPAIRS, MEDICAL DEVICES, MORTGAGE AND RENT PAYMENTS.
SCHOLARSHIP SUPPORT:IN 2021, 17 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES AND AREA STUDENTS WERE AWARDED $15,250 IN SCHOLARSHIP SUPPORT FUNDED BY PRIVATE GIFTS. SCHOLARSHIPS RANGED FROM $500 - $2,500 FOR STUDENTS PURSUING NURSING DEGREES (RN AND BSN), ADVANCED DEGREES AND OTHER MEDICAL RELATED DEGREES. THESE SCHOLARSHIPS NOT ONLY SUPPPORT THE EDUCATION OF CURRENT AND FUTURE HEALTH CARE PROFESSIONALS, BUT ALSO HONOR INDIVIDUALS FOR SIGNIFICANT CONTRIBUTIONS TO HEALTH CARE AND THE MEDICAL CENTER. THESE SCHOLARSHIPS ARE TYPICALLY FUNDED THROUGH UNAFFILIATED FUNDS THAT ARE NOT REPORTED AS PART OF THE FOUNDATION'S AUDITED FINANCIALS. HOWEVER, THE FOUNDATION PAID $334 DIRECTLY TO THE EDUCATIONAL INSTITUTIONS ON BEHALF OF RECIPIENTS IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Mcgarry Executive Director | Officer | 30 | $160,779 |
Warren Madden Secretary/treasurer | OfficerTrustee | 1 | $0 |
Neal T Loes Vice Chair | OfficerTrustee | 1 | $0 |
Ellen M Rasmussen Past Chair | OfficerTrustee | 1 | $0 |
John T Russell Chair | OfficerTrustee | 1 | $0 |
Gary Botine Mgmc Vice President & CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,015 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,719,683 |
| Noncash contributions included in lines 1a–1f | $196,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,915,698 |
| Total Program Service Revenue | $0 |
| Investment income | $755,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $222,039 |
| Net Income from Fundraising Events | -$34,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,858,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,627,626 |
| Grants and other assistance to domestic individuals. | $10,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,902 |
| Compensation of current officers, directors, key employees. | $50,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,717 |
| Pension plan accruals and contributions | $31,361 |
| Other employee benefits | $0 |
| Payroll taxes | $24,623 |
| 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 | $26,035 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,978 |
| Office expenses | $13,524 |
| Information technology | $22,762 |
| 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 | $6,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,150,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $959,074 |
| Pledges and grants receivable | $146,617 |
| 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 | $14,474,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,579,768 |
| 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 | $432,721 |
| Total liabilities | $432,721 |
| Net assets without donor restrictions | $4,427,068 |
| Net assets with donor restrictions | $10,719,979 |
| 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 | $15,579,768 |
Grants Awarded
Over the last fiscal year, Mary Greeley Medical Center Foundation has awarded $2,627,626 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARY GREELEY MEDICAL CENTER PURPOSE: SUPPORT OF MARY GREELEY MEDICAL CENTER. | $2,497,908 |
Jacksonville, FL PURPOSE: CHARITABLE GIFT ANNUITIES | $129,718 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mary Greeley Medical Center Foundation has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Risdal Family Charitable Foundation Gilbert, IA PURPOSE: CONTRIBUTION | $5,000 |
Endowment Analysis
| Beg. Balance | $12,471,901 |
| Earnings | -$899,774 |
| Net Contributions | $62,586 |
| Other Expense | $444,731 |
| Ending Balance | $11,189,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Prairie Ridge Hospital And Health Services Inc Elbow Lake, MN | $34,170,156 | $18,758,462 |
Madelia Health Madelia, MN | $18,855,648 | $18,531,553 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Kittson Memorial Hospital Association Hallock, MN | $15,018,635 | $22,486,843 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Lake View Memorial Hospital Inc Two Harbors, MN | $43,364,236 | $20,715,565 |