Island Memorial Medical Fund Inc
- Assets
- $29.3k
- Revenue
- $14.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington Island, WI
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 23-7303696
Organization Overview
Island Memorial Medical Fund Inc is located in Washington Island, WI. The organization was established in 1973. 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. Island Memorial Medical Fund 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, Island Memorial Medical Fund Inc generated $14.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $18.0k during the year ending 12/2021. While expenses have increased by 15.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BILLS PAID TO HELP COVER EXPENSES OF DOCTORS WHO COME TO THE ISLAND SEVERAL TIMES A MONTH TO PROVIDE MEDICAL SERVICES FOR ISLAND RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Purinton President | 0 | $0 | |
Marlene Mann Vice President | 0 | $0 | |
Terry Henkel Secretarytreasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,506 |
| Interest on Savings | $1 |
| 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 | $14,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,047 |
| Total operating and administrative expenses | $18,047 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,307 |
| Savings and temporary cash investments | $2,020 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,000 |
| Total assets | $29,327 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Peer Organizations
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|---|---|---|
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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 |