Lakes Regional Healthcare Foundation
- Assets
- $1.2m
- Revenue
- $204.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Spirit Lake, IA
- Founding
- 01/2012
- Data as of
- 06/2024
- 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 06/2024, Lakes Regional Healthcare Foundation generated $204.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $73.8k during the year ending 06/2024. While expenses have increased by 19.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS AND FINANCIAL RESOURCES FOR LAKES REGIONAL HEALTHCARE BY PARTNERING WITH DONORS TO PROVIDE ADVANCED TECHNOLOGIES AND ENSURE ACCESS TO QUALITY HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKES REGIONAL HEALTHCARE FOUNDATION SUPPORTED LAKES REGIONAL HEALTHCARE IN ITS' MISSION TO PROVIDE CANCER CARE TO PATIENTS IN THE COMMUNITY. DURING THE FISCAL YEAR, THE FOUNDATION ALLOCATED 18,096 IN FUNDING TO ENHANCE ONCOLOGY SERVICES THROUGH THE ADDITION OF MASSAGE CHAIRS, ENTERTAINMENT TECHNOLOGY, A WIG BANK, AND MAMMOGRAM SCREENINGS TO UNDERSERVED WOMEN IN THE COUNTY.
LAKES REGIONAL HEALTHCARE FOUNDATION PROVIDED SUPPORT TO LAKES REGIONAL HEALTHCARE IN ITS' EMERGENCY ROOM FUNDRAISING CAPITAL CAMPAIGN CONSULTING ON UPDATES TO THEIR EMERGENCY ROOM TO BETTER SERVE PATIENTS AND THE HEALTHCARE PROVIDERS.
LAKES REGIONAL HEALTHCARE FOUNDATION DEMONSTRATED ITS COMMITMENT TO FOSTERING THE NEXT GENERATION OF HEALTHCARE PROFESSIONALS BY PROVIDING SCHOLARSHIPS TO STUDENTS AND STAFF PURSUING ADVANCED CAREERS IN HEALTH- RELATED FIELDS. DURING THE FISCAL YEAR, THE FOUNDATION AWARDED 26,673 IN SCHOLARSHIPS TO 33 STUDENTS AND STAFF. THESE SCHOLARSHIPS WERE DESIGNED TO ALLEVIATE FINANCIAL BARRIERS AND SUPPORT ACADEMIC ACHIEVEMENT, ALLOWING RECIPIENTS TO FOCUS ON THEIR STUDIES AND PROFESSIONAL DEVELOPMENT. SCHOLARSHIP RECIPIENTS WERE SELECTED BASED ON THEIR ACADEMIC EXCELLENCE, FINANCIAL NEED, AND DEDICATION TO SERVING THEIR COMMUNITY IN THE HEALTHCARE FIELD. BY INVESTING IN EDUCATION, THE FOUNDATION AIMS TO ADDRESS THE GROWING DEMAND FOR SKILLED HEALTHCARE PROFESSIONALS AND ENSURE THAT THE COMMUNITY HAS ACCESS TO HIGH-QUALITY CARE IN THE FUTURE.
LAKES REGIONAL HEALTHCARE FOUNDATION PARTNERS WITH LOCAL SCHOOL DISTRICTS TO DELIVER DIABETES PREVENTION PROGRAMMING. DURING THE FISCAL YEAR, THE FOUNDATION PARTNERED WITH 1 LOCAL SCHOOL DISTRICTS AND DISTRIBUTED 1,000 IN FUNDING TO SUPPORT THESE PROGRAMS FOR SCHOOL-AGE CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Carlson Director | Trustee | 1 | $0 |
Keith Deitering Director | Trustee | 1 | $0 |
Greta Gruys Director | Trustee | 1 | $0 |
Brent Harris Secretary/tr | OfficerTrustee | 1 | $0 |
Janelle Holter Director | Trustee | 1 | $0 |
Brad Jungers Vice Preside | OfficerTrustee | 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 | $101,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,845 |
| Total Program Service Revenue | $0 |
| Investment income | $6,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,764 |
| Net Income from Fundraising Events | $71,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,968 |
| 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 | $1,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,304 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,722 |
| Office expenses | $662 |
| 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 | $73,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,172,687 |
| 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 | $1,172,687 |
| 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 | $503,121 |
| Net assets with donor restrictions | $669,566 |
| 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 | $1,172,687 |