Logan Health Foundation
- Assets
- $25.4m
- Revenue
- $3.3m
- Investments
- $363.4k
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 31-1703013
Organization Overview
Logan Health Foundation is located in Kalispell, MT. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Health 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 12/2023, Logan Health Foundation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Logan Health Foundation has awarded 25 individual grants totaling $21,798,824. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LOGAN HEALTH FOUNDATION DEDICATED TO SUPPORTING LOGAN HEALTH, A 501(C)3 HEALTH SYSTEM, IN ITS MISSION TO FOSTER HEALTHIER LIVES, STRONGER COMMUNITIES, AND BRIGHTER FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE ACTIVITIES OF THE TAX-EXEMPT SUBSIDIARIES OF LOGAN HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lambrecht System CEO | OfficerTrustee | 1.25 | $0 |
Thomas Origitano Trustee | Trustee | 1 | $0 |
Joe Mcclafferty Foundation President | OfficerTrustee | 50 | $0 |
Kate Swagar Trustee | Trustee | 1 | $0 |
Libby Fields Chair | OfficerTrustee | 1 | $0 |
Joe Kola Chair Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,064 |
| Related organizations | $1,770,766 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,261,832 |
| Total Program Service Revenue | $0 |
| Investment income | $74,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214 |
| Net Income from Fundraising Events | -$17,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,318,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,855,422 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,582 |
| Compensation of current officers, directors, key employees. | $135,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,845 |
| Pension plan accruals and contributions | $27,547 |
| Other employee benefits | $74,432 |
| Payroll taxes | $49,754 |
| 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 | $206,808 |
| Advertising and promotion | $26,750 |
| Office expenses | $47,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,473 |
| Travel | $20,101 |
| 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 | $114,961 |
| Total functional expenses | $3,902,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,957,170 |
| Savings and temporary cash investments | $17,632,813 |
| Pledges and grants receivable | $417,329 |
| 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 | $363,364 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,370,676 |
| Accounts payable and accrued expenses | $448,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,461 |
| 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 | $924,779 |
| Total liabilities | $1,400,167 |
| Net assets without donor restrictions | $1,044,485 |
| Net assets with donor restrictions | $22,926,024 |
| 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 | $25,370,676 |
Grants Awarded
Over the last fiscal year, Logan Health Foundation has awarded $3,011,226 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KALISPELL REGIONAL MEDICAL CENTER PURPOSE: SUPPORT THE ACTIVITIES OF KALISPELL REGIONAL MEDICAL CENTER | $1,860,879 |
LOGAN HEALTH - SHELBY PURPOSE: SUPPORT THE ACTIVITIES OF LOGAN HEALTH - SHELBY | $442,682 |
LOGAN HEALTH - CUT BANK PURPOSE: SUPPORT THE ACTIVITIES OF LOGAN HEALTH - CUT BANK | $336,973 |
MONTANA PEDIATRICS PURPOSE: SUPPORT THE ACTIVITIES OF MONTANA PEDIATRICS | $150,000 |
KALISPELL SCHOOL DISTRICT 5 PURPOSE: SCHOLARSHIPS FOR STUDENTS FRM KALIPSELL ENTERING THE MEDICAL PROFESSION | $12,175 |
DUKE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS FRM KALIPSELL ENTERING THE MEDICAL PROFESSION | $18,447 |