Aspirus Health Foundation Inc
- Assets
- $42.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 01/1977
- Data as of
- 06/2021
- EIN
- 39-1256656
Organization Overview
Aspirus Health Foundation Inc is located in Wausau, WI. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus 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 06/2021, Aspirus Health Foundation Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aspirus Health Foundation Inc has awarded 49 individual grants totaling $5,322,975. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR DESIGNATED CONTRIBUTIONS ACTIVITY:THROUGH ITS PHILANTHROPIC ACTIVITIES THE FOUNDATION ADVANCES EXTRAORDINARY HEALTH CARE BY PROVIDING FUNDS FOR RESEARCH, EDUCATION, INFORMATION, CLINICAL PROGRAMS AND CARE DELIVERY, HEALTH SERVICES, AND SCREENING. DONOR DESIGNATED CONTRIBUTIONS PROVIDE SUPPORT FOR THE DESIGNATED FUNDS OF ASPIRUS WAUSAU HOSPITAL.
UNRESTRICTED CONTRIBUTIONS ACTIVITY: THROUGH ITS PHILANTHROPIC ACTIVITIES THE FOUNDATION ADVANCES EXTRAORDINARY HEALTH CARE BY PROVIDING FUNDS FOR RESEARCH, EDUCATION, INFORMATION, PROGRAMS, SERVICES AND SCREENINGS, COMMUNITY HEALTH INITIATIVES, AND WORKFORCE DEVELOPMENT SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Reif Chair | OfficerTrustee | 1 | $0 |
Stewart Etten Vice Chair | OfficerTrustee | 1 | $0 |
Ellie Rock Reineck Secretary/treasurer | OfficerTrustee | 1 | $0 |
Matthew Heywood President & CEO Aspirus | Officer | 1 | $0 |
Sidney Sczygelski Sr. VP Of Finance/cfo | Officer | 2 | $0 |
Tara Draeger Interim Executive Director - Ahf | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,977 |
| Related organizations | $320,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,132 |
| Noncash contributions included in lines 1a–1f | $17,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,106,109 |
| Total Program Service Revenue | $107,696 |
| Investment income | $869,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,265 |
| Net Income from Fundraising Events | $20,498 |
| Net Income from Gaming Activities | -$3,440 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $991,736 |
| 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 | $108,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,442 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,295 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,797 |
| Office expenses | $27,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,225 |
| 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 | $4,513 |
| All other expenses | $0 |
| Total functional expenses | $1,397,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $247,823 |
| 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 | $2,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $40,597,242 |
| Investments—other securities | $0 |
| Investments—program-related | $987,545 |
| Intangible assets | $0 |
| Other assets | $29,028 |
| Total assets | $42,241,795 |
| Accounts payable and accrued expenses | $166,503 |
| 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 | $9,418,338 |
| Total liabilities | $9,584,841 |
| Net assets without donor restrictions | $22,837,910 |
| Net assets with donor restrictions | $9,819,044 |
| 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 | $42,241,795 |
Grants Awarded
Over the last fiscal year, Aspirus Health Foundation Inc has awarded $817,037 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Wausau, WI PURPOSE: TO FUND HOSPITAL PROGRAMS | $597,037 |
Milwaukee, WI PURPOSE: SCHOLARSHIPS FOR HEALTH CARE PROFESSIONALS | $180,000 |
Milwaukee, WI PURPOSE: TO FUND OVERDOSE PREVENTION PROGRAMS IN THE COMMUNITY | $20,000 |
MARATHON COUNTY ALCOHOL & OTHER DRUG PARTNERSHIP COUNCIL PURPOSE: TO FUND COMMUNITY ASSESSMENT ON THE PREVALENCE AND PERCEPTION OF MEDICATION ABUSE | $15,000 |
Wausau, WI PURPOSE: SCHOLARSHIPS FOR HEALTH CARE PROFESSIONALS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aspirus Health Foundation Inc has recieved totaling $40,383.
| Awarding Organization | Amount |
|---|---|
John W Soffel Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $40,383 |
Endowment Analysis
| Beg. Balance | $17,888,970 |
| Earnings | $5,501,292 |
| Admin Expense | $23,366 |
| Other Expense | $65,021 |
| Grants | $185,000 |
| Ending Balance | $23,116,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midmichigan Health Services Houghton Lake, MI | $14,679,039 | $20,215,598 |
Michigan Center For Rural Health East Lansing, MI | $1,118,649 | $15,241,971 |
Infinity Health Leon, IA | $10,144,821 | $15,337,549 |
Rural Health Inc Anna, IL | $29,445,660 | $19,976,435 |
East Jordan Family Health Center East Jordan, MI | $14,413,893 | $15,381,761 |
Sterling Area Health Center Sterling, MI | $9,889,044 | $11,532,947 |
Northwest Michigan Health Services Inc Traverse City, MI | $6,841,056 | $10,103,872 |
Henderson County Rural Health Center Inc Oquawka, IL | $4,358,948 | $4,441,390 |
Regional Hospice Services Inc Ashland, WI | $7,498,506 | $4,044,793 |
Aspirus Health Foundation Inc Wausau, WI | $42,241,795 | $2,276,548 |
Beaver Island Rural Health Center Beaver Island, MI | $2,215,157 | $1,021,094 |
Shelby County Health Foundation Harlan, IA | $3,482,606 | $215,436 |