St Margarets Hospital Foundation
- Assets
- $270.9k
- Revenue
- $15.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Valley, IL
- Founding
- 10/1999
- Data as of
- 09/2023
- EIN
- 36-4042262
Organization Overview
St Margarets Hospital Foundation is located in Spring Valley, IL. The organization was established in 1999. 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. St Margarets 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 09/2023, St Margarets Hospital Foundation generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $60.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ASSIST ST. MARGARET'S HEALTH - SPRING VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MARGARET'S HOSPITAL FOUNDATION HAS BEEN SERVING THE COMMUNITY FOR MORE THAN 100 YEARS WITH QUALITY HEALTHCARE DELIVERED WITH A SPIRITUAL CONFIDENCE INSPIRED BY THE SISTERS OF MARY OF THE PRESENTATION. THE PURPOSE OF ST. MARGARET'S HOSPITAL FOUNDATION IS TO DEVELOP CHARITABLE RESOURCES WHICH CAN BE USED TO SUPPORT THE MISSION OF THE HOSPITAL. THE FOUNDATION HAS A COMMUNITY-BASED BOARD OF DIRECTORS AND ONGOING FUNDRAISING ACTIVITIES ASSIST IN THE FUNDING OF COMMUNITY EDUCATION, REMODELING AND EXPANSION OF CURRENT FACILITIES, AND THE PURCHASE OF STATE-OF-THE-ART EQUIPMENT TO MAINTAIN THE DELIVERY OF HIGH-QUALITY HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy A Muntz-Secretary Smh-Spring Valley Pres & CEO | OfficerTrustee | 0.2 | $0 |
Linda Burt-Director Smh-Sv VP Of Quality & Comm Svcs | Trustee | 0.2 | $0 |
Gina Brady Mudge Chair | OfficerTrustee | 0.2 | $0 |
Julie Eilers Vice Chair | OfficerTrustee | 0.2 | $0 |
Melissa Fetzer Director | Trustee | 0.2 | $0 |
Kathy Pullam Director | Trustee | 0.2 | $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 | $18,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,719 |
| Total Program Service Revenue | $0 |
| Investment income | $761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $10,988 |
| Net Income from Sales of Inventory | -$14,572 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,896 |
| 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 | $43,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,349 |
| Payroll taxes | $3,300 |
| 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 | $3,545 |
| Advertising and promotion | $0 |
| Office expenses | $2,354 |
| 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 | $14 |
| Total functional expenses | $60,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $269,895 |
| Pledges and grants receivable | $825 |
| Accounts receivable, net | $158 |
| 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 | $270,878 |
| 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 | $620,067 |
| Total liabilities | $620,067 |
| Net assets without donor restrictions | -$417,103 |
| Net assets with donor restrictions | $67,914 |
| 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 | $270,878 |
Grants Awarded
Over the last fiscal year, St Margarets Hospital Foundation has awarded $391,673 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARGARET'S HOSPITAL PURPOSE: Equipment and facility upgrades | $377,673 |
SPRING VALLEY PARK BOARD PURPOSE: General support | $14,000 |