Gibson Area Hospital Foundation
- Assets
- $11.3m
- Revenue
- $1.1m
- Investments
- $9.9m
- Employees
- 0
- Location
- Gibson City, IL
- Founding
- 01/2000
- Data as of
- 09/2021
- EIN
- 36-4311943
Organization Overview
Gibson Area Hospital Foundation is located in Gibson City, IL. The organization was established in 2000. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gibson Area 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 09/2021, Gibson Area Hospital Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $221.3k during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE/IMPLEMENT AWARENESS/FUNDRAISING ACTIVITIES TO FURTHER THE MISSION OF GIBSON AREA HOSPITAL AND SUPPORT HEALTHCARE IN SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARENESS ACTIVITIES AND FUNDRAISING CAMPAIGNS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Tjarks Chairperson | OfficerTrustee | 1 | $0 |
Jeremy Darnell First Vice Chair | OfficerTrustee | 1 | $0 |
Ashley Quach-Ye Second Vice Chair | OfficerTrustee | 1 | $0 |
Justin Swan Treasurer | OfficerTrustee | 1 | $0 |
Ellen Hankes Secretary | OfficerTrustee | 1 | $0 |
Jeff Austman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,979 |
| Total Program Service Revenue | $0 |
| Investment income | $224,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $699,141 |
| Net Income from Fundraising Events | -$15,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,145,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,193 |
| 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 | $87,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,861 |
| Payroll taxes | $0 |
| 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 | $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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $221,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,319,539 |
| Savings and temporary cash investments | $11,914 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,947,487 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,278,940 |
| Accounts payable and accrued expenses | $47,457 |
| 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 | $47,457 |
| Net assets without donor restrictions | $11,231,483 |
| 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 | $11,278,940 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gibson Area Hospital Foundation has recieved totaling $286,988.
| Awarding Organization | Amount |
|---|---|
Illinois Critical Access Hospital Network Princeton, IL PURPOSE: FLEX OUTPATIENT SERVICES, FLEX EMS EDUCATION, FLEX OPERATIONAL IMPROVEMENT AND ARP SHIP COVID | $267,978 |
Gibson Comm Hospital Aux Gibson City, IL PURPOSE: to provide assistance to a 501(c)(3) related entity | $10,000 |
Illinois Prairie Community Foundation Inc Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $8,772 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Community Healthcare Arlington Heights, IL | $634,169,512 | $38,406,845 |
Anderson Healthcare Maryville, IL | $41,437,636 | $29,425,681 |
Advocate Charitable Foundation Downers Grove, IL | $200,973,412 | $44,400,105 |
Gundersen Lutheran Medical Foundation Inc La Crosse, WI | $92,389,553 | $52,203,030 |
Kosair Charities Committee Inc Louisville, KY | $326,895,406 | $23,053,795 |
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |