Mary Greeley Medical Center Foundation
- Assets
- $16.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 06/1970
- Data as of
- 06/2023
- 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 06/2023, Mary Greeley Medical Center Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 2.4% 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
2023
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 2022 MAJOR PROGRAMS FUNDED INCLUDE MENTAL HEALTH SERVICES, HOSPICE, THE WILLIAM R BLISS CANCER CENTER, AND THE DIABETES AND NUTRITION EDUCATION CENTER. MAJOR PROJECTS INCLUDE SUPPORT FOR THE CONSTRUCTION OF THE BIRTHWAYS AND PEDIATRICS UNITS AND THE BEHAVIORAL HEALTH UNIT. EDUCATIONAL PROGRAMS INCLUDE STAFF AND PHYSICIAN TRAINING, SPECIALTY CERTIFICATIONS AND PUBLIC EDUCATIONAL PROGRAMS.
EMPLOYEE SUPPORT:THE FOUNDATION PROVIDED SUPPORT TO 9 MARY GREELEY MEDICAL CENTER EMPLOYEES IN 2022 IN TIMES OF EMERGENCY. EMPLOYEES WERE ASSISTED WITH EXPENSES SUCH AS UTILITY BILLS, MEDICAL BILLS, CAR PAYMENTS, CAR REPAIRS, MEDICAL DEVICES, MORTGAGE AND RENT PAYMENTS.
SCHOLARSHIP SUPPORT:IN 2022, 16 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES AND AREA STUDENTS WERE AWARDED $18,125 IN SCHOLARSHIP SUPPORT. SCHOLARSHIPS RANGED FROM $1,000 - $2,500 FOR STUDENTS PURSUING NURSING DEGREES, ADVANCED DEGREES AND OTHER MEDICAL-RELATED DEGREES. THESE SCHOLARSHIPS SUPPPORT THE EDUCATION OF CURRENT AND FUTURE HEALTH CARE PROFESSIONALS, WHILE ALSO HONORING 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 $251 DIRECTLY TO THE EDUCATIONAL INSTITUTIONS ON BEHALF OF RECIPIENTS IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Mcgarry Executive Director | Officer | 30 | $184,084 |
Peter Buck Board Member | Trustee | 1 | $0 |
Brian Dieter Mgmc President & CEO | Trustee | 1 | $0 |
Lyndsey Fennelly Board Member | Trustee | 1 | $0 |
Al Hermanson Board Member | Trustee | 1 | $0 |
Lyman Hopkins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,910 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,716,429 |
| Noncash contributions included in lines 1a–1f | $55,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,889,339 |
| Total Program Service Revenue | $0 |
| Investment income | $564,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$149,879 |
| Net Income from Fundraising Events | -$22,062 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,281,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,982,454 |
| Grants and other assistance to domestic individuals. | $7,097 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,092 |
| Compensation of current officers, directors, key employees. | $68,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,210 |
| Pension plan accruals and contributions | $29,593 |
| Other employee benefits | $39,373 |
| Payroll taxes | $23,122 |
| 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 | $25,706 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,989 |
| Office expenses | $13,748 |
| Information technology | $31,154 |
| 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 | $4,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,470,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,691,746 |
| Pledges and grants receivable | $223,595 |
| 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 | $15,018,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,933,582 |
| 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 | $459,235 |
| Total liabilities | $459,235 |
| Net assets without donor restrictions | $4,893,109 |
| Net assets with donor restrictions | $11,581,238 |
| 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 | $16,933,582 |
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 |
NATIONAL GIFT ANNUITY FOUNDATION PURPOSE: CHARITABLE GIFT ANNUITIES | $129,718 |