Keweenaw Health Foundation
- Assets
- $3.0m
- Revenue
- $111.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurium, MI
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 35-2340440
Organization Overview
Keweenaw Health Foundation is located in Laurium, MI. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Keweenaw 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 06/2022, Keweenaw Health Foundation generated $111.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $49.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP RESOURCES WHICH WILL IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN OUR COMMUNITITES. OUR VISION IS TO CREATE A HEALTHIER QUALITY OF LIFE FOR THE PEOPLE OF THE KEWEENAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP RESOURCES THAT WILL IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN OUR COMMUNITIES THROUGH SUPPORTING THE ASPIRUS KEWEENAW HOSPITAL AND ITS EFFORTS TO PROVIDE AND MAKE AVAILABLE A BROAD SCOPE OF QUALITY HEALTH SERVICES TO PATIENTS WITHIN THE HOSPITAL SERVICE AREA AND COLLABORAING WITH OTHER ORGANIZATIONS IN FURTHERANCE OF THE BENEVOLENT, CHARITABLE, SCIENTIFIC, AND EDUCTATIONAL ACTIVITIES INCLUDING PATIENT CARE ACTIVIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Jenich President/ex | OfficerTrustee | 20 | $22,392 |
Michael Hauswirth Treasurer | OfficerTrustee | 1 | $0 |
Daniel Dalquist Chair | OfficerTrustee | 1 | $0 |
Joel Tuoriniemi Vice Chair | OfficerTrustee | 1 | $0 |
Matthew Krause Board Member | Trustee | 1 | $0 |
Darryl Pierce Board Member | 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 | $2,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,590 |
| Total Program Service Revenue | $0 |
| Investment income | $50,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,010 |
| 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. | $22,392 |
| 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 | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,220 |
| 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 | $4,013 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $49,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,541 |
| Savings and temporary cash investments | $433,648 |
| 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 | $31,020 |
| Investments—publicly traded securities | $2,536,633 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,018,842 |
| 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 | $3,018,842 |
| Net assets with donor restrictions | $0 |
| 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 | $3,018,842 |
Grants Awarded
Over the last fiscal year, Keweenaw Health Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Calumet, MI PURPOSE: SEE SUPPLEMENTAL INFORMATION | $20,000 |
Houghton, MI PURPOSE: SEE SUPPLEMENTAL INFORMATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highland Health Providers Corp Hillsboro, OH | $3,480,728 | $8,712,093 |
Grace Village Health Care Facility Inc Winona Lake, IN | $4,795,562 | $8,838,747 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Ohiohealth Corportation Circleville, OH | $1,329,088 | $4,264,609 |
My Community Health Center Canton, OH | $4,110,237 | $8,459,363 |
Traverse Health Clinic & Coalition Traverse City, MI | $5,367,344 | $6,895,196 |
Chelsea Health And Wellness Foundation Chelsea, MI | $40,566,321 | $5,782,052 |
Southern Ohio Medical Center Title Holding Company Portsmouth, OH | $45,408,785 | $4,222,894 |
Specialty Hospital Of Lorain Amherst, OH | $3,346,810 | $6,231,679 |
Quality Behavioral Health Inc Detroit, MI | $18,010,680 | $7,609,711 |
Rmh Of Akroninc Akron, OH | $10,933,927 | $2,601,394 |
Milner Community Health Care Inc Rossville, IN | $8,049,951 | $3,721,591 |