Murray Calloway Endowment For Healthcare Inc
- Assets
- $2.1m
- Revenue
- $447.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, KY
- Founding
- 08/2009
- Data as of
- 09/2023
- EIN
- 26-4326995
Organization Overview
Murray Calloway Endowment For Healthcare Inc is located in Murray, KY. The organization was established in 2009. 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. Murray Calloway Endowment For Healthcare 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 09/2023, Murray Calloway Endowment For Healthcare Inc generated $447.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $170.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 8 years. 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
MURRAY CALLOWAY ENDOWMENT FOR HEALTHCARE, INC. IS A NOT FOR PROFIT PUBLIC BENEFIT CORPORATION ORGANIZED EXCLUSIVELY TO PROVIDE FINANCIAL SUPPORT TO THE HOSPITAL FOR FACILITIES, PROGRAMS AND SERVICES FOR THE COUNTY, CITY AND SURROUNDING COMMUNITIES, AS NECESSARY TO PROMOTE HEALTH AND WELFARE AND THE DEVELOPMENT AND OPERATION OF A VIABLE INTEGRATED HEALTH DELIVERY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MURRAY CALLOWAY ENDOWMENT FOR HEALTHCARE, INC. IS A NOT FOR PROFIT PUBLIC BENEFIT CORPORATION ORGANIZED EXCLUSIVELY TO PROVIDE FINANCIAL SUPPORT TO THE HOSPITAL FOR FACILITIES, PROGRAMS AND SERVICES FOR THE COUNTY, CITY AND SURROUNDING COMMUNITIES, AS NECESSARY TO PROMOTE HEALTH AND WELFARE AND THE DEVELOPMENT AND OPERATION OF A VIABLE INTEGRATED HEALTH DELIVERY SYSTEM.
CANCER CENTER - A GRAND OPENING CELEBRATION FOR THE REGIONAL CANCER CENTER WAS HELD JUNE 10, 2023. THE CENTER BEGAN SEEING PATIENTS IN THE NEW FACILITY IN JULY AND RADIATION TREATMENT WITH THE NEW STATE OF THE ART LINEAR ACCELERATOR BEGAN IN AUGUST. NAMING RIGHTS CONTINUE TO BE SOLD FOR VARIOUS LOCATIONS WITHIN THE CENTER.
HOSPICE RESIDENTIAL FACILITY - THE ENDOWMENT RAISED MONEY IN ORDER TO BUILD A HOSPICE RESIDENTIAL FACILTY FOR THE USE OF THE MURRAY AND CALLOWAY COUNTY RESIDENTS AND THE SURROUNDING COMMUNITIES. THE FACILITY OPENED IN NOVEMBER 2016 AND DONATIONS ARE RECEIVED ON AN ON-GOING BASIS TO HELP SUPPORT THE OPERATIONS.
EMPLOYEE ASSISTANCE PROGRAM - THE PROGRAM IS FOR THE EMPLOYEES OF THE MURRAY CALLOWAY HOSPITAL THAT NEED VARIOUS ASSISTANCE DUE TO FINANCIAL HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Owens Chair | OfficerTrustee | 1 | $0 |
Dr Summer Cross Vice Chair | OfficerTrustee | 1 | $0 |
Bob Rogers Trustee | Trustee | 1 | $0 |
Amy Futrell Secretary | OfficerTrustee | 1 | $0 |
Hon Kenny Imes Trustee | Trustee | 1 | $0 |
Dan Renick Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,527 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,523 |
| Total Program Service Revenue | $0 |
| Investment income | $13,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,288 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $170,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,574 |
| Savings and temporary cash investments | $1,509,885 |
| Pledges and grants receivable | $33,324 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,000 |
| Total assets | $2,088,783 |
| Accounts payable and accrued expenses | $45,770 |
| 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 | $0 |
| Total liabilities | $45,770 |
| Net assets without donor restrictions | $169,129 |
| Net assets with donor restrictions | $1,873,884 |
| 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 | $2,088,783 |