Hudson Hospital Foundation
- Assets
- $5.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Hudson, WI
- Founding
- 10/1977
- Data as of
- 12/2021
- EIN
- 39-1279567
Organization Overview
Hudson Hospital Foundation is located in Hudson, WI. The organization was established in 1977. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Hospital 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 12/2021, Hudson Hospital Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $667.5k during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 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 2014, Hudson Hospital Foundation has awarded 26 individual grants totaling $1,784,926. 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
TO SUPPORT AND CARRY OUT THE CHARITABLE PURPOSE OF HUDSON HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Caron Director & Vice Chair | OfficerTrustee | 1 | $0 |
Stephen Lines Director & Chair | OfficerTrustee | 1 | $0 |
Randy Lafaive Director & Treasurer | OfficerTrustee | 0.75 | $0 |
Thomas J Borowski Director & President | Officer | 1 | $0 |
Douglas E Johnson CFO | Officer | 0.5 | $0 |
Kimberly Best Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,725 |
| Related organizations | $98,013 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,782 |
| Noncash contributions included in lines 1a–1f | $16,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,520 |
| Total Program Service Revenue | $0 |
| Investment income | $120,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $773,257 |
| Net Income from Fundraising Events | $56,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,611,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $377,672 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,502 |
| Advertising and promotion | $17,631 |
| Office expenses | $2,597 |
| Information technology | $8,748 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $667,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,936 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,040 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,563,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,284,438 |
| Accounts payable and accrued expenses | $149,610 |
| 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 | $0 |
| Total liabilities | $149,610 |
| Net assets without donor restrictions | $4,050,944 |
| Net assets with donor restrictions | $1,083,884 |
| 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 | $5,284,438 |
Grants Awarded
Over the last fiscal year, Hudson Hospital Foundation has awarded $244,552 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, WI PURPOSE: ED EXPANSION, FETAL MONITORING, OTHER HOSPITAL SUPPORT | $207,552 |
Hudson, WI PURPOSE: PROGRAM SUPPORT | $10,000 |
Hudson, WI PURPOSE: PROGRAM SUPPORT | $10,000 |
Janesville, WI PURPOSE: PROGRAM SUPPORT | $10,000 |
Hudson, WI PURPOSE: PROGRAM SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hudson Hospital Foundation has recieved totaling $95,958.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: NEONATAL VIRTUAL CARE | $25,000 |
Group Health Plan Inc Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $23,508 |
The Hubbard Broadcasting Foundation St Paul, MN PURPOSE: EDBHTV PROGRAM | $20,000 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $10,370 |
St Croix Valley Foundation Hudson, WI PURPOSE: SCHOLARSHIPS, GENERAL OPERATING | $7,080 |
Al And Lauri Hein Trust Hudson, WI PURPOSE: HOSPITAL | $5,000 |
Endowment Analysis
| Beg. Balance | $855,485 |
| Earnings | $964 |
| Net Contributions | $526,730 |
| Grants | $299,295 |
| Ending Balance | $1,083,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |