Alton Memorial Health Services Foundation
- Assets
- $41.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Alton, IL
- Founding
- 10/1987
- Data as of
- 09/2021
- EIN
- 37-1177053
Organization Overview
Alton Memorial Health Services Foundation is located in Alton, IL. The organization was established in 1987. 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. Alton Memorial Health Services 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, Alton Memorial Health Services Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 3.0% 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
SUPPORT TO ALTON MEMORIAL HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO ALTON MEMORIAL HOSPITAL SUPPORT THE FOLLOWING DEPARTMENTS AND/OR COMMUNITY PROGRAMS: THE DEVELOPMENT OFFICE, PARISH NURSE PROGRAM, EMERGENCY DEPARTMENT, COMMUNITY SCHOOLS PROGRAM, WOMEN AND INFANTS CENTER AND 1 NEW AMBULANCE.
THE FOUNDATION PROVIDED FUNDS TO ALTON MEMORIAL HOSPITAL FOR NURSING EDUCATION EXPENSES. EXPENSES INCLUDE THE COST OF CONTINUING EDUCATION COURSES FOR SEVERAL MEMBERS OF THE NURSING STAFF AND SCHOLORSHIPS FOR STUDENTS PURSUING A NURSING CAREER.
67 CHILDREN BENEFITED FROM PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES PROVIDED BY ALTON MEMORIAL HOSPITAL FOR CHILDREN WHO HAVE A PHYSICAL DISABILITY, AND FOR WHICH THE FAMILY NEEDED FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Balsters Secretary | OfficerTrustee | 1 | $0 |
Steve Thompson Treasurer | OfficerTrustee | 2 | $0 |
George Milnor Chariman | OfficerTrustee | 2 | $0 |
Arthur Williams Vice Chairma | OfficerTrustee | 2 | $0 |
Dave Braasch Board Member | Trustee | 1 | $0 |
Linda Chapman Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,083 |
| Noncash contributions included in lines 1a–1f | $19,694 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,083 |
| Total Program Service Revenue | $0 |
| Investment income | $808,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,589,261 |
| Net Income from Fundraising Events | $35,491 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,656,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,279,289 |
| 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 | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,359 |
| 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 | $2,376 |
| All other expenses | $0 |
| Total functional expenses | $1,429,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $954,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,706 |
| 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 | $40,136,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,112 |
| Total assets | $41,129,391 |
| Accounts payable and accrued expenses | $14,613 |
| 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 | $68,196 |
| Total liabilities | $82,809 |
| Net assets without donor restrictions | $28,595,251 |
| Net assets with donor restrictions | $12,451,331 |
| 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 | $41,129,391 |
Grants Awarded
Over the last fiscal year, Alton Memorial Health Services Foundation has awarded $935,273 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Alton, IL PURPOSE: SUPPORT HOSP. DEPT'S | $851,350 |
ALTON COMMUNITY SCHOOL DIST 11 PURPOSE: ATHLETIC TRAINER | $22,000 |
BETHALTO COMMUNITY SCHOOL DIST 8 PURPOSE: ATHLETIC TRAINER | $22,000 |
JERSEY COMMUNITY SCHOOL DIST 100 PURPOSE: HEALTHCARE | $16,000 |
Alton, IL PURPOSE: HEALTHCARE | $8,000 |
EAST ALTON-WOOD RIVER CHS 14 PURPOSE: HEALTHCARE | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alton Memorial Health Services Foundation has recieved totaling $6,250.
| Awarding Organization | Amount |
|---|---|
Schrimpf Family Foundation Lakewood Ranch, FL PURPOSE: GENERAL SUPPORT | $5,250 |
Piasa Charitable Foundation Alton, IL PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $31,419,781 | $18,589,909 |