Door County Memorial Hospital Foundation Inc
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgeon Bay, WI
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 39-1649104
Organization Overview
Door County Memorial Hospital Foundation Inc, operating under the name Door County Medical Center Foundation, is located in Sturgeon Bay, WI. The organization was established in 1990. 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. Door County Medical Center 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 06/2022, Door County Medical Center Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION, INC. IS A NONSTOCK, NONPROFIT CORPORATION WHICH RECEIVES GIFTS AND BEQUESTS, RAISES FUNDS FOR SPECIFIC PURPOSES OR NEEDS, ADMINISTERS AND INVESTS FUNDS, AND DISBURSES PAYMENTS TO AND FOR THE BENEFIT OF TAX-EXEMPT ORGANIZATIONS, INCLUDING DOOR COUNTY MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION, INC. IS A NONSTOCK, NONPROFIT CORPORATION WHICH RECEIVES GIFTS AND BEQUESTS, RAISES FUNDS FOR SPECIFIC PURPOSES OR NEEDS, ADMINISTERS AND INVESTS FUNDS, AND DISBURSES PAYMENTS TO AND FOR THE BENEFIT OF DOOR COUNTY MEMORIAL HOSPITAL. THE AUXILIARY ENGAGES IN ACTIVITIES TO SUPPORT THE HOSPITAL INCLUDING A GIFT SHOP.
AS A PART OF ITS MISSION, DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION, INC. DONATES FUNDS TO THE COMMUNITY IN THE FORM OF SCHOLARSHIPS TO PROMOTE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Pfeifer Vice President | OfficerTrustee | 0.3 | $0 |
Tyler Hubbard President | OfficerTrustee | 0.3 | $0 |
Richard Hauser Secretary | OfficerTrustee | 0.3 | $0 |
Steve Abrahamson Treasurer | OfficerTrustee | 0.3 | $0 |
Michael Herlache Executive Director | Officer | 40 | $0 |
Brian Stephens Director/ceo | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,000 |
| Membership dues | $4,100 |
| Fundraising events | $299,008 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,073,377 |
| Total Program Service Revenue | $0 |
| Investment income | $206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,005 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,083,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $954,902 |
| Grants and other assistance to domestic individuals. | $43,000 |
| 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 | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,571 |
| Office expenses | $5,005 |
| 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 | $0 |
| All other expenses | $12,766 |
| Total functional expenses | $1,034,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,616 |
| Savings and temporary cash investments | $625,092 |
| Pledges and grants receivable | $195,427 |
| 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 | $11,557 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,327,444 |
| Total assets | $2,195,136 |
| Accounts payable and accrued expenses | $1,411 |
| 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 | $1,411 |
| Net assets without donor restrictions | $1,546,836 |
| Net assets with donor restrictions | $646,889 |
| 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 | $2,195,136 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Door County Memorial Hospital Foundation Inc has recieved totaling $32,305.
| Awarding Organization | Amount |
|---|---|
United Way Of Door County Inc Sturgeon Bay, WI PURPOSE: FINANCIAL ASSISTANCE | $32,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,753,865 |
| Earnings | -$213,945 |
| Admin Expense | $11,013 |
| Net Contributions | $7,897 |
| Grants | $209,360 |
| Ending Balance | $1,327,444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Reformed Benefits Association Grand Rapids, MI | $9,561,157 | $15,087,077 |
Bronson Properties Corporation Kalamazoo, MI | $80,947,112 | $15,014,502 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund Bingham Farms, MI | $17,296,602 | $13,659,462 |