Greater Watertown Community Health Foundation Inc
- Assets
- $115.5m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Watertown, WI
- Founding
- 06/1965
- Data as of
- 09/2023
- EIN
- 39-1030310
Organization Overview
Greater Watertown Community Health Foundation Inc is located in Watertown, WI. The organization was established in 1965. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Greater Watertown Community Health Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Watertown Community Health Foundation Inc 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, Greater Watertown Community Health Foundation Inc generated $26.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $26.4m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 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.
Since 2015, Greater Watertown Community Health Foundation Inc has awarded 174 individual grants totaling $12,605,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE COLLABORATION, MOBILIZE RESOURCES AND ENCOURAGE INNOVATION THAT MEASURABLY CONTRIBUTES TO THE WELLBEING OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER WATERTOWN COMMUNITY HEALTH FOUNDATION OPERATES AS A HEALTH FOUNDATION, SERVING AS A CATALYST FOR COMMUNITY HEALTH. WE LEAD OUR OWN FOUNDATION-DIRECTED HEALTH PROGRAMMING AND OFFER RESPONSIVE GRANT CYCLES. THE FOUNDATION HOLDS A 20% INTEREST IN WATERTOWN HOLDING COMPANY, LLC. THE FOUNDATION ALSO HOLDS MAJORITY OWNERSHIP INTEREST IN TWO SENIOR APARTMENT COMPLEXES, WATERTOWN SENIOR HOUSING, LLC AND WATERTOWN SENIOR HOUSING II, LLC. THE FOUNDATION HOLDS 100% INTEREST IN GWCHF HOLDINGS LLC, WHICH OPERATES A NONPROFIT CENTER AS WELL AS LAND FOR HOUSING REDEVELOPMENT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Crave President | OfficerTrustee | 40 | $189,313 |
Nathan Peters Chief Financial Officer | Officer | 40 | $122,363 |
Andrea Merfeld Secretary | OfficerTrustee | 30 | $37,466 |
Mike Sullivan MD Chair | OfficerTrustee | 4 | $0 |
David Schroeder Vice Chair | OfficerTrustee | 2 | $0 |
Randy Phelps Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Wi Hospital & Clinics Lab Services | 9/29/15 | $920,179 |
Maas Bros Construction Co Inc Construction | 9/29/15 | $1,458,096 |
Metropolitan Anesthesiologist Sc Anesthesia Services | 9/29/15 | $2,197,930 |
Ge Medical Systems Information Cardiology & Monitoring | 9/29/15 | $487,596 |
Cullinane Cardiovascular Cardiology Services | 9/29/15 | $615,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,398 |
| Total Program Service Revenue | $22,502,946 |
| Investment income | $1,881,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,006 |
| Net Gain/Loss on Asset Sales | $1,507,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,319,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,769,211 |
| 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. | $457,948 |
| Compensation of current officers, directors, key employees. | $44,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,958 |
| Payroll taxes | $61,801 |
| Fees for services: Management | $53,563 |
| Fees for services: Legal | $13,959 |
| Fees for services: Accounting | $6,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $339,792 |
| Fees for services: Other | $224,022 |
| Advertising and promotion | $45,330 |
| Office expenses | $67,606 |
| Information technology | $43,944 |
| Royalties | $0 |
| Occupancy | $373,802 |
| Travel | $22,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182,532 |
| Interest | $556,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,828 |
| Insurance | $72,438 |
| All other expenses | $28,388 |
| Total functional expenses | $26,379,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,870 |
| Savings and temporary cash investments | $236,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,754 |
| 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 | $25,813 |
| Net Land, buildings, and equipment | $20,243,599 |
| Investments—publicly traded securities | $76,548,272 |
| Investments—other securities | $0 |
| Investments—program-related | $16,070,535 |
| Intangible assets | $0 |
| Other assets | $1,451,906 |
| Total assets | $115,519,180 |
| Accounts payable and accrued expenses | $734,664 |
| 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 | $16,728,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,307,904 |
| Total liabilities | $18,771,112 |
| Net assets without donor restrictions | $96,748,068 |
| 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 | $115,519,180 |
Grants Awarded
Over the last fiscal year, Greater Watertown Community Health Foundation Inc has awarded $1,720,055 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF JEFFERSON PARKS AND RECREATION PURPOSE: TALKREADPLAY PLAY SPACE JEFFERSON, PATH AT LUBAHN PARK | $171,895 |
CITY OF WATERLOO PURPOSE: TALKREADPLAY PLAY SPACE WATERLOO | $74,443 |
CITY OF WATERTOWN PURPOSE: CITY OF WATERTOWN INCLUSIVE PARK DESIGN | $10,000 |
CITY OF WATERTOWN POLICE DEPARTMENT PURPOSE: CELLIBRITE TRAINING | $5,850 |
COMMUNITY ACTION COALITION FOR SOUTH CENTRAL WISCONSIN PURPOSE: SUPPORTING JEFFERSON FOOD | $49,500 |
CORNERSTONE OF GRACE PURPOSE: BOARD GIFT 2022, EICKSTAEDT LANE HOUSING, WI NONPROFIT SUMMIT - CG | $41,437 |