Wabash General Hospital Foundation
- Assets
- $9.3m
- Revenue
- $875.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Carmel, IL
- Founding
- 12/1979
- Data as of
- 12/2021
- EIN
- 37-1071901
Organization Overview
Wabash General Hospital Foundation is located in Mt Carmel, IL. The organization was established in 1979. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Wabash General 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 12/2021, Wabash General Hospital Foundation generated $875.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $933.0k during the year ending 12/2021. While expenses have increased by 15.3% per year over the past 7 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
HOSPITAL SERVICE FOUNDATION TO PROVIDE NECESSARY FUNDING FOR MAJOR EQUIPMENT PURCHASES FOR WABASH GENERAL HOSPITAL AND SCHOLARHIP FUNDING IN HEALTHCARE REALTED FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NEEDED GRANTS TO WABASH GENERAL HOSPITAL FOR THE PURPOSE OF PURCHASING NEEDED CAPITAL EQUIPMENT AND SCHOLARHIP FUNDING IN HEALTHCARE REALTED FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reese Metcalf Director | OfficerTrustee | 1 | $0 |
Steve Burton Chair | Officer | 1 | $0 |
Kate Ackerman Secretary/treasurer | Officer | 1 | $0 |
Dan Schonert Vice Chair | Officer | 1 | $0 |
Dorothy Dersch Director | Trustee | 1 | $0 |
Brandon Hodgson Director | 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 | $344,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,609 |
| Total Program Service Revenue | $0 |
| Investment income | $415,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $883,669 |
| 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 | $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 | $4,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,363 |
| 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 | $933,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,028 |
| Savings and temporary cash investments | $323,018 |
| 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 | $8,780,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $356 |
| Total assets | $9,268,192 |
| Accounts payable and accrued expenses | $361,935 |
| 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 | $361,935 |
| Net assets without donor restrictions | $8,906,257 |
| 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 | $9,268,192 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wabash General Hospital Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Louisville Inc Louisville, KY PURPOSE: E11 SINGLE ORGANIZATION SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Knott Letcher Perry Community Action Council Hazard, KY | $32,362,791 | $43,531,770 |
Horizon Home Care & Hospice Inc Milwaukee, WI | $36,563,484 | $49,942,124 |
Health Care Foundation Of Greater Kansas City Kansas City, MO | $855,422,735 | $35,289,913 |
Greater Family Health Elgin, IL | $19,845,692 | $37,347,914 |
Naperville Psychiatric Ventures Naperville, IL | $28,089,963 | $28,493,371 |
Siouxland Pace Inc Sioux City, IA | $9,694,678 | $21,496,656 |
Michael Reese Health Trust Elgin, IL | $0 | $12,585,732 |
Omnipath Inc Paducah, KY | $660,564 | $9,841,059 |
Cquest America Inc Springfield, IL | $2,109,931 | $9,012,426 |
Rush System For Health Chicago, IL | $221,263 | $9,105,865 |
St Claras Manor Lincoln, IL | $2,010,874 | $9,192,803 |
Regional Enterprises Inc Ashland, WI | $4,269,557 | $6,977,377 |