Benefit Fund Of The Mckenzie County Healthcare Systems
- Assets
- $21.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Watford City, ND
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 36-3431210
Organization Overview
Benefit Fund Of The Mckenzie County Healthcare Systems is located in Watford City, ND. The organization was established in 1986. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benefit Fund Of The Mckenzie County Healthcare Systems 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, Benefit Fund Of The Mckenzie County Healthcare Systems generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $3.0m 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
TO MEET THE NEEDS OF THE MCKENZIE COUNTY HOSPITAL, THE GOOD SHEPHERD HOME, THE MCKENZIE COUNTY CLINIC, AND THE CONNIE WOLD WELLNESS CENTER, AND TO FOSTER COMMUNITY PARTICIPATION AND CONTRIBUTIONS TO THE HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENEFIT FUND WORKS COOPERATIVELY WITH MCKENZIE COUNTY HEALTHCARE SYSTEM, INC. TO MEET THE ONGOING NEEDS OF THE FACILITY AND THE RESIDENTS SERVED BY MCKENZIE COUNTY HEALTHCARE SYSTEM, INC. THE FUND IDENTIFIES APPROPRIATE FEDERAL, STATE AND PRIVATE FUNDING SOURCES AND PREPARES PROPOSALS TO SECURE THE NECESSARY INFRASTRUCTURE, EQUIPMENT AND PROGRAMS VITAL TO THE DELIVERY OF QUALITY, LOCAL HEALTHCARE TO THE RESIDENTS OF MCKENZIE COUNTY. THE BENEFIT FUND HOSTS COUNTY-WIDE FUNDRAISING EVENTS DESIGNED TO KEEP THE COMMUNITIES OF THE COUNTY INVOLVED IN THE HEALTHCARE SYSTEM. SOCIAL AND PRINT MEDIA ARE UTILIZED TO RECOGNIZE DONORS AND TO PROVIDE INFORMATION ON NEW PROGRAMS OFFERED AND NEEDS OF THE BENEFIT FUND AND MCKENZIE COUNTY HEALTHCARE SYSTEMS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brown Director | Trustee | 1 | $0 |
Jan Dodge Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kelly Peterson Chair | OfficerTrustee | 1 | $0 |
Larry Larsen Director | Trustee | 1 | $0 |
Patsy Levang Vice Chair | OfficerTrustee | 1 | $0 |
Randy Quale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $761,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,451 |
| Total Program Service Revenue | $0 |
| Investment income | $286,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,826,831 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,900,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,568,265 |
| 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 | $176,333 |
| Other salaries and wages | $57,225 |
| Pension plan accruals and contributions | $2,425 |
| Other employee benefits | $22,824 |
| Payroll taxes | $12,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $159,703 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,269 |
| Advertising and promotion | $1,831 |
| Office expenses | $40,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,051 |
| Insurance | $3,443 |
| All other expenses | -$78,328 |
| Total functional expenses | $2,998,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,629,167 |
| Pledges and grants receivable | $63,166 |
| Accounts receivable, net | $1,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,273 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,746 |
| Investments—publicly traded securities | $10,260,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,997,952 |
| Accounts payable and accrued expenses | $32,159 |
| 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 | $32,159 |
| Net assets without donor restrictions | $20,535,864 |
| Net assets with donor restrictions | $429,929 |
| 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 | $20,997,952 |