Montana Health Research And Education Foundation Inc
- Assets
- $2.1m
- Revenue
- $4.4m
- Investments
- $257.8k
- Employees
- 0
- Location
- Helena, MT
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 23-7338233
Organization Overview
Montana Health Research And Education Foundation Inc is located in Helena, MT. 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. Montana Health Research And Education 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, Montana Health Research And Education Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2015, Montana Health Research And Education Foundation Inc has awarded 99 individual grants totaling $1,360,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE FUNDING OPPORTUNITIES TO PROVIDE FINANCIAL, TECHNICAL, AND INNOVATIVE PROGRAM SUPPORT TO MHA MEMBERS AND THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASPR COVID-19 SUPPLEMENTAL FUNDING: EMERGENCY SUPPLEMENTAL FUNDING TO SUPPORT THE PREPAREDNESS AND RESPONSE ACTIVITIES AND NEEDS OF HOSPITALS, HEALTH SYSTEMS, AND HEALTH CARE PROVIDERS ON THE FRONT LINES OF THE COVID-19 PANDEMIC.
FRONTIER COMMUNITY INTEGRATION PROJECT TECHNICAL ASSISTANCE, TRACKING, AND ANALYSIS:PROVIDE TECHNICAL ASSISTANCE, HELP WITH TRACKING (INCLUDING COST AND BUDGET NEUTRALITY REVIEW), AND ANALYSIS FOR THE CRITICAL ACCESS HOSPITALS (CAHS) WHO ARE SLECTED FOR CMS WAIVERS THROUGH THE FCHIP PROGRAM.
HOSPITAL PREPAREDNESS PROGRAM:ASPR FUNDED GRANT TO ASSIST HOSPITALS IN ASSESSING THEIR PREPAREDNESS IN THE EVENT OF EMERGENCIES OR NATURAL DISASTERS, AND FORMULATING AND TESTING PLANS TO STRENGTHEN THEIR READINESS.
RURAL HOSPITAL FLEXIBILITY GRANT (FLEX):HRSA FUNDED GRANT TO PROVIDE SUPPORT FOR CRITICAL ACCESS AND OTHER SMALL RURAL HOSPITALS TO PRESERVE ACCESS TO PRIMARY AND EMERGENCY HEALTH CARE SERVICES IN THEIR COMMUNITIES. SPECIFICALLY, THE GRANT IS INTENDED TO STRENGTHEN CRITICAL ACCESS HOSPITAL INFRASTRUCTURE, SUPPORT LEADERSHIP, ENHANCE RURAL EMERGENCY MEDICAL SERVICE, IMPROVE QUALITY, AND DEVELOP AND ENHANCE NETWORKS OF CARE.HOSPITAL IMPROVEMENT AND INNOVATION NETWORK (HQIC & HIIN ENDED 03/31/20):HQIC CMS-FUNDED CONTRACT. FOCUS IS IMPROVING PATIENT SAFETY IN A NUMBER OF SPECIFIC AREAS, INCLUDING HOSPITAL ACQUIRED INFECTIONS, FALLS, ETC. THE PROGRAM PROCIDES FOR DATA COLLECTION, ANALYSIS, AND EDUCATION AND ASSISTANCE IN ADDRESSING IDENTIFIED AREAS FOR IMPROVEMENT.OPI HAS CONTRACTED WITH US FOR $41,000 IN FEDERAL SAMHSA FUNDING TO DISSEMINATE AN APP FOR TEENS/YOUTH TO HELP THEM FIND MENTAL HEALTH SERVICES IN THEIR COMMUNITIES AND COORDINATE COMMUNITY RESOURCES TO RESPOND TO APP USERS. THE APP IS CALLED "LET'S TALK." TELESTROKE SERVICES GRANT:CDC FUNDED PROGRAM THROUGH THE MONTANA DPHHS TO IMPROVE PATIENT CARE IN RURAL HOSPITALS THROUGH TELEVIDEO AHEC GRANTS (SC AND NC PROGRAMS):HRSA FUNDED GRANTS THORUGH THE STATE OFFICE OF RURAL HEALTH TO STRENGTHEN THE HEALTHCARE WORKFORCE IN MONTANA, PARTICULARLY IN RURAL AND UNDERSERVED COMMUNITES, AND TO IMPROVE HEALTH BY FORGING CONNECTIONS BETWEEN HEALTH PROFESSIONS, K-12 EDUCATIONAL PROGRAMS, AND COMMUNITITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shani Rich Executive Director | Officer | 40 | $87,194 |
Richard Rasmussen Secretary | OfficerTrustee | 3 | $60,039 |
Kelley Evans Chair | OfficerTrustee | 3 | $0 |
Cody Langbehn Director | Trustee | 3 | $0 |
Devin Huntley Director | Trustee | 3 | $0 |
Jesse Laslovich Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,102,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,214,057 |
| Total Program Service Revenue | $216,285 |
| Investment income | $4,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,435,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,571,001 |
| Grants and other assistance to domestic individuals. | $73,359 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,233 |
| Compensation of current officers, directors, key employees. | $147,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,744 |
| Pension plan accruals and contributions | $100,854 |
| Other employee benefits | $174,126 |
| Payroll taxes | $102,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96 |
| Fees for services: Accounting | $16,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $575 |
| Fees for services: Other | $656,637 |
| Advertising and promotion | $5,494 |
| Office expenses | $127,765 |
| Information technology | $8,936 |
| Royalties | $0 |
| Occupancy | $97,617 |
| Travel | $86,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,417 |
| Insurance | $24,168 |
| All other expenses | $0 |
| Total functional expenses | $4,239,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,721 |
| 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 | $12,289 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $257,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,574,005 |
| Total assets | $2,112,895 |
| Accounts payable and accrued expenses | $184,357 |
| Grants payable | $0 |
| Deferred revenue | $680,625 |
| 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 | $0 |
| Total liabilities | $864,982 |
| Net assets without donor restrictions | $1,146,608 |
| Net assets with donor restrictions | $101,305 |
| 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 | $2,112,895 |
Grants Awarded
Over the last fiscal year, Montana Health Research And Education Foundation Inc has awarded $256,377 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MSU - OFFICE OF SPONSORED PROGRAMS PURPOSE: RURAL COMMUNITIES OPIOD RESPONSE IMPLEMENTATION SUBAWARDEE TO FULFILL THE OBJECTIVES OF THE GRANT | $103,278 |
Helena, MT PURPOSE: RURAL COMMUNITIES OPIOD RESPONSE IMPLEMENTATION SUBAWARDEE TO FULFILL THE OBJECTIVES OF THE GRANT | $75,248 |
MPCA - MONTANA PRIMARY CARE ASSOCIATION PURPOSE: HOSPITAL PREPAREDNESS PROGRAM FUNDS RELATED TO PANDEMIC | $21,882 |
Butte, MT PURPOSE: TO ASSIST WITH THE COSTS OF CONDUCTING AND COORDINATING A READINESS AND FEASIBILITY ASSESSMENT, DEVELOPING A STRATEGIC IMPLEMENTATION PLAN, AND/OR COORDINATING TRAININGS AND TECHNICAL ASSISTANCE TO READY STAFF AND THE ORGANIZATION FOR MOUD IMPLEMENTATION | $20,481 |
Scobey, MT PURPOSE: TO ASSIST WITH THE COSTS OF CONDUCTING AND COORDINATING A READINESS AND FEASIBILITY ASSESSMENT, DEVELOPING A STRATEGIC IMPLEMENTATION PLAN, AND/OR COORDINATING TRAININGS AND TECHNICAL ASSISTANCE TO READY STAFF AND THE ORGANIZATION FOR MOUD IMPLEMENTATION | $13,559 |
Chester, MT PURPOSE: COVID RELATED EQUIPMENT PURCHASES AND TO ASSIST WITH THE COSTS OF CONDUCTING AND COORDINATING A READINESS AND FEASIBILITY ASSESSMENT, DEVELOPING A STRATEGIC IMPLEMENTATION PLAN, AND/OR COORDINATING TRAININGS AND TECHNICAL ASSISTANCE TO READY STAFF AND THE ORGANIZATION FOR MOUD IMPLEMENTATION | $7,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Health Research And Education Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: COVID-19 STRATEGIC FUNDING | $100,000 |
Endowment Analysis
| Beg. Balance | $216,312 |
| Earnings | $33,015 |
| Admin Expense | $575 |
| Net Contributions | $10,000 |
| Other Expense | $1,000 |
| Ending Balance | $257,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
St Patrick Hospital Foundation Missoula, MT | $38,164,577 | $6,581,612 |
West Care Health And Welfare Benefit Trust Bozeman, MT | $15,251,463 | $3,785,858 |
St Johns Health Foundation Jackson, WY | $17,257,715 | $3,999,724 |
North Dakota Hospital Foundation Bismarck, ND | $7,414,810 | $5,236,600 |
Montana Health Research And Education Foundation Inc Helena, MT | $2,112,895 | $4,435,703 |
St Lukes Mccall Foundation Inc Mccall, ID | $4,838,602 | $1,413,102 |
Portneuf Health Trust Pocatello, ID | $172,382,785 | $35,459,650 |
Altru Health Foundation Grand Forks, ND | $17,808,212 | $5,022,342 |
Huron Clinic Foundation Inc Huron, SD | $2,964,978 | $2,959,028 |
Sheridan County Memorial Hospital Foundation Sheridan, WY | $12,628,991 | $1,805,956 |
St Peters Health Foundation Helena, MT | $25,967,103 | $5,998,897 |