Lakes Regional Healthcare Foundation
- Assets
- $886.9k
- Revenue
- $91.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Spirit Lake, IA
- Founding
- 01/2012
- Data as of
- 06/2021
- EIN
- 27-5079693
Organization Overview
Lakes Regional Healthcare Foundation is located in Spirit Lake, IA. The organization was established in 2012. 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. Lakes Regional Healthcare 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 06/2021, Lakes Regional Healthcare Foundation generated $91.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $71.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT AND RECEIVE CONTRIBUTIONS, GIFTS, GRANTS, DEVISES, OR BEQUESTS OF REAL OR PERSONAL PROPERTY OR BOTH FROM INDIVIDUALS, FOUNDATIONS, AND PUBLIC AND PRIVATE ENTITIES; AND TO MAINTAIN, USE AND APPLY, DIRECTLY OR INDIRECTLY, THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF LAKES REGIONAL HEALTHCARE, AN IOWA COUNTY HOSPITAL, INCLUDING THE PURPOSES OF LAKES REGIONAL HEALTHCARE TO RECRUIT QUALIFIED HEALTH CARE PRACTITIONERS TO SERVE THE RESIDENTS OF THE SERVICE AREA OF LAKES REGIONAL HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FLU SHOTS AND HOSPICE PROMOTION TO INCREASE PUBLIC HEALTH AWARENESS AND PURCHASE POWERLOAD SYSTEM FOR AMBULANCE AND ALSO PURCHASE OB BASSINETS FOR HOSPITAL TO IMPROVE PATIENT HEALTHCARE.
PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Fahy President | Officer | 1 | $0 |
Michael Sandy Vice Preside | Officer | 1 | $0 |
Judy Haviland Secretary/tr | Officer | 1 | $0 |
Keith Deitering Director | Trustee | 1 | $0 |
Brent Harris Director | Trustee | 1 | $0 |
Brad Jungers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,036 |
| Total Program Service Revenue | $0 |
| Investment income | $4,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,747 |
| Net Income from Fundraising Events | -$38,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,694 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,626 |
| Office expenses | $218 |
| 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 | $71,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $886,916 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Total assets | $886,916 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $254,769 |
| Net assets with donor restrictions | $632,147 |
| 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 | $886,916 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakes Regional Healthcare Foundation has recieved totaling $216.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ozarks Coca-Cola Dr Pepper Bottling Company Group Health Care Trust Springfield, MO | $7,831,308 | $12,060,028 |
Ascension St John Foundation St Louis, MO | $103,759,239 | $15,321,918 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Fairview Foundation Minneapolis, MN | $21,453,874 | $804,082 |
Truman Medical Center Charitable Foundation Kansas City, MO | $28,332,798 | $9,393,864 |
St John Health System Foundation Inc St Louis, MO | $83,967,930 | $10,002,573 |
Board Of Trustees Grand Charity Fund Grand Lodge Of Iowa A F & A M Bettendorf, IA | $8,195,762 | $6,393,688 |
Mercy Health Foundation Springfield Springfield, MO | $38,275,531 | $1,985,040 |
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 |