Cavalier County Memorial Hospital Foundation is located in Langdon, ND. The organization was established in 1993. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cavalier County Memorial Hospital 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, Cavalier County Memorial Hospital Foundation generated $215.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $115.4k during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 9 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
SUPPORT LOCAL HOSPITAL BY PURCHASING EQUIPMENT AND IMPROVEMENTS, SUPPORT TWO EDUCATIONAL SCHOLARSHIPS FOR AREA YOUTH BASED ON THEIR LEVEL OF ACEDEMIC ACHIEVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT LOCAL NON PROFIT HOSPITAL BY PURCHASING EQUIPMENT AND IMPROVEMENTS
SUPPORT EDUCATIONAL SCHOLARSHIPS FOR AREA YOUTH BASED ON THEIR LEVEL OF ACEDEMIC ACHIEVEMENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mckinzie Sivertson Executive Director | 32 | $44,928 | |
Patrick Hoffarth Board Member | Trustee | 0.5 | $0 |
Courtney Short Board Member | Trustee | 0.5 | $0 |
Mark Busse Board Member | Trustee | 0.5 | $0 |
Denise Otto Board Member | Trustee | 0.5 | $0 |
Zach Schaefer Sec/treasurer | Officer | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $55,786 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $36,249 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $92,035 |
Total Program Service Revenue | $0 |
Investment income | $84,118 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $64,001 |
Net Income from Fundraising Events | -$24,646 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $215,508 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $29,176 |
Grants and other assistance to domestic individuals. | $8,873 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $44,928 |
Compensation of current officers, directors, key employees. | $14,974 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $1,348 |
Other employee benefits | $0 |
Payroll taxes | $3,687 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,993 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,548 |
Fees for services: Other | $0 |
Advertising and promotion | $1,108 |
Office expenses | $3,670 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $352 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $293 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $115,444 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,645 |
Savings and temporary cash investments | $315,595 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,500 |
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 | $2,370,471 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,500 |
Total assets | $2,716,711 |
Accounts payable and accrued expenses | $4,156 |
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 | $4,156 |
Net assets without donor restrictions | $1,937,269 |
Net assets with donor restrictions | $775,286 |
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 | $2,716,711 |
Over the last fiscal year, Cavalier County Memorial Hospital Foundation has awarded $28,212 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
LANGDON PRAIRIE HEALTH PURPOSE: MEDICAL EQUIPMENT | $19,935 |
LANGDON PRAIRIE HEALTH PURPOSE: SPORTS PHYSICALS FOR AREA YOUTH | $8,277 |