Gundersen Lutheran Medical Foundation Inc
- Assets
- $81.0m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- 01/1977
- Data as of
- 09/2023
- EIN
- 39-1249705
Organization Overview
Gundersen Lutheran Medical Foundation Inc, operating under the name Gundersen Medical Foundation Inc, is located in La Crosse, WI. The organization was established in 1977. 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. Gundersen Medical 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, Gundersen Medical Foundation Inc generated $23.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $25.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gundersen Medical Foundation Inc has awarded 54 individual grants totaling $25,465,577. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES OF PATIENTS AND OUR LARGER COMMUNITY THROUGH MEDICAL EDUCATION, RESEARCH, OUTREACH, AND THE PHILANTHROPIC SUPPORT OF GUNDERSEN HEALTH SYSTEM.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
BEREAVEMENT PROGRAM GUNDERSEN LUTHERAN MEDICAL FOUNDATION, INC. SPONSORS EDUCATIONAL PROGRAMS IN BEREAVEMENT CARE STANDARDS AND HAS DEVELOPED COURSES AND RESOURCES TO SUPPORT HEALTHCARE PROFESSIONAL BEREAVEMENT CARE AND EDUCATION. WE CONTINUE TO DEVELOP AND ENHANCE OUR INNOVATIVE APPROACH TO EDUCATION THROUGH ONLINE LEARNING AND LIVE, VIRTUAL TRAINING. RESOLVE THROUGH SHARING (RTS), A DEPARTMENT OF GUNDERSEN LUTHERAN MEDICAL FOUNDATION, IS AN INTERNATIONALLY RECOGNIZED PROPRIETARY BEREAVEMENT TRAINING PROGRAM. RTS IS KNOWN AS THE GOLD STANDARD IN PERINATAL BEREAVEMENT EDUCATION AND TRAINING.
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Of Directors - Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Directors - Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Directors - Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Directors - Chairman, Medical Partner | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Directors - Member | Trustee | 2 | $0 |
Name Not Listed Board Of Directors - Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gundersen Lutheran Administrative Svs Purchased Services | 12/30/22 | $10,335,355 |
Metre Consulting | 12/30/22 | $263,754 |
Digicopy Inc Order Fulfillment | 12/30/22 | $282,319 |
Vendi Advertising Llc Advertising | 12/30/22 | $208,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,648,419 |
| Related organizations | $8,509,375 |
| Government grants | $1,681,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,786,057 |
| Noncash contributions included in lines 1a–1f | $1,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,625,150 |
| Total Program Service Revenue | $8,674,785 |
| Investment income | $1,479,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $534,218 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,012,704 |
| Net Income from Fundraising Events | -$110,312 |
| Net Income from Gaming Activities | $8,075 |
| Net Income from Sales of Inventory | $306,274 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,510,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,715,870 |
| Grants and other assistance to domestic individuals. | $380,848 |
| 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 | $8,286 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,302 |
| Fees for services: Other | $215,423 |
| Advertising and promotion | $55,318 |
| Office expenses | $382,291 |
| Information technology | $142,232 |
| Royalties | $131,767 |
| Occupancy | $63,762 |
| Travel | $298,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,101 |
| Insurance | $34,549 |
| All other expenses | $369,743 |
| Total functional expenses | $25,343,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,445,494 |
| Pledges and grants receivable | $1,088,295 |
| Accounts receivable, net | $544,768 |
| 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 | $159,562 |
| Net Land, buildings, and equipment | $1,134,567 |
| Investments—publicly traded securities | $68,014,122 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,593,358 |
| Total assets | $80,980,166 |
| Accounts payable and accrued expenses | $184,983 |
| Grants payable | $152,552 |
| Deferred revenue | $1,639,667 |
| 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 | $2,874,563 |
| Total liabilities | $4,851,765 |
| Net assets without donor restrictions | $33,186,522 |
| Net assets with donor restrictions | $42,941,879 |
| 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 | $80,980,166 |
Grants Awarded
Over the last fiscal year, Gundersen Lutheran Medical Foundation Inc has awarded $1,715,870 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GUNDERSEN LUTHERAN MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $1,397,605 |
GUNDERSEN LUTHERAN ADMINISTRATIVE SERVICES INC PURPOSE: GENERAL SUPPORT | $179,916 |
GUNDERSEN CLINIC LTD PURPOSE: GENERAL SUPPORT | $138,349 |