Alton Memorial Health Services Foundation
- Assets
- $36.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Alton, IL
- Founding
- 10/1987
- Data as of
- 09/2023
- 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 09/2023, Alton Memorial Health Services Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. 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
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.
SUPPORT OF ANCIALLARY EDUCATION PROGRAMS OF ALTON MEMORIAL HOSPITAL.
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 |
|---|---|---|---|
George Milnor Chairman | OfficerTrustee | 3 | $0 |
Kenneth Balsters Vice Chairma | OfficerTrustee | 2 | $0 |
Sandra Lauschke Secretary | OfficerTrustee | 1 | $0 |
Steve Thompson Treasurer | OfficerTrustee | 3 | $0 |
Dave Braasch Board Member | Trustee | 2 | $0 |
Ellar Duff Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,340 |
| Noncash contributions included in lines 1a–1f | $9,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,340 |
| Total Program Service Revenue | $0 |
| Investment income | $915,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$108,137 |
| Net Income from Fundraising Events | $54,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,050,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,211,249 |
| 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 | $9,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,714 |
| 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 | $3,910 |
| All other expenses | $15 |
| Total functional expenses | $1,337,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $923,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,845 |
| 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 | $35,264,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,458 |
| Total assets | $36,237,793 |
| Accounts payable and accrued expenses | $31,486 |
| 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 | $81,819 |
| Total liabilities | $113,305 |
| Net assets without donor restrictions | $24,817,851 |
| Net assets with donor restrictions | $11,306,637 |
| 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 | $36,237,793 |
Grants Awarded
Over the last fiscal year, Alton Memorial Health Services Foundation has awarded $1,870,546 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALTON MEMORIAL HOSPITAL PURPOSE: SUPPORT HOSP. DEPT'S | $851,350 |
ALTON COMMUNITY SCHOOL DIST 11 PURPOSE: ATHLETIC TRAINER | $22,000 |
MARQUETTE CATHOLIC HIGH SCHOOL PURPOSE: HEALTHCARE | $8,000 |
ROXANA CUSD 1 PURPOSE: HEALTHCARE | $7,923 |
BETHALTO COMMUNITY SCHOOL DIST 8 PURPOSE: ATHLETIC TRAINER | $22,000 |
EAST ALTON-WOOD RIVER CHS 14 PURPOSE: HEALTHCARE | $8,000 |