Memorial Hospital Of Boscobel Foundation Inc
- Assets
- $912.4k
- Revenue
- $127.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boscobel, WI
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 39-1688793
Organization Overview
Memorial Hospital Of Boscobel Foundation Inc, operating under the name Boscobel Area Hospital And Clinics Foundation, is located in Boscobel, WI. The organization was established in 1992. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Boscobel Area Hospital And Clinics 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, Boscobel Area Hospital And Clinics Foundation generated $127.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $13.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMORIAL HOSPITAL OF BOSCOBEL FOUNDATION, INC. WAS ESTABLISHED FOR THE SOLE PURPOSE OF SUPPORTING THE PROGRAMS AND SERVICES OF GUNDERSEN BOSCOBEL AREA HOSPITAL AND CLINICS. THE MISSION IS TO SECURE AND MANAGE GIFT SUPPORT TO ASSIST THE HOSPITAL TO MEET THE NEEDS OF THE COMMUNITY BY FUNDING FACILITIES AND EQUIPMENT, STAFF DEVELOPMENT, AND AN ENDOWMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE PROMOTION, DEVELOPMENT, AND IMPROVEMENT OF THE QUALITY AND DELIVERY OF HEALTH PRESERVATION AND HEALTH CARE SERVICES OF GUNDERSEN BOSCOBEL AREA HOSPITAL AND CLINICS (WHICH PROVIDES SERVICES TO PATIENTS THROUGH A CRITICAL ACCESS HOSPITAL AND SEVERAL CLINICS), AND THE MAKING OF DISTRIBUTIONS TO OR FOR THE BENEFIT OF THE HOSPITAL THROUGH THE RAISING OF FUNDS BY MEANS OF SOLICITING AND ACCEPTING GIFTS, GRANTS, AND CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Berge President | OfficerTrustee | 0.3 | $0 |
Karen Wacker Vice President | OfficerTrustee | 0.3 | $0 |
Brennen Clark Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Michelle Farrell Director | Trustee | 0.3 | $0 |
Theresa Braudt Director/administrator | Trustee | 0.3 | $0 |
Karl Krogen Director (thru Dec) | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,197 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,916 |
| Total Program Service Revenue | $0 |
| Investment income | $12,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,973 |
| Net Income from Fundraising Events | $2,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,567 |
| 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 | $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 | $5,822 |
| Fees for services: Other | $341 |
| Advertising and promotion | $500 |
| Office expenses | $2,728 |
| 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 | $356 |
| Total functional expenses | $13,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,621 |
| Pledges and grants receivable | $0 |
| 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 | $666,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,401 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $867,715 |
| Net assets with donor restrictions | $44,686 |
| 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 | $912,401 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Hospital Of Boscobel Foundation Inc has recieved totaling $201.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridges Medical Center Ada, MN | $19,290,142 | $10,108,060 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Hospital Sisters Mission Outreach Corporation Springfield, IL | $8,085,108 | $5,268,316 |
Seasons Hospice Rochester, MN | $9,859,927 | $8,553,990 |
Living Services Foundation Minneapolis, MN | $11,713,734 | $6,646,276 |
Traverse Health Clinic & Coalition Traverse City, MI | $5,367,344 | $6,895,196 |
Chelsea Health And Wellness Foundation Chelsea, MI | $40,566,321 | $5,782,052 |
South Campus Partners Inc Maywood, IL | $11,061,656 | $2,533,353 |
Copley Ventures Inc Aurora, IL | $34,519,696 | $4,235,473 |
Quality Behavioral Health Inc Detroit, MI | $18,010,680 | $7,609,711 |
West Michigan Radiation Oncology Wyoming, MI | $4,793,341 | $4,019,128 |
St Marys Innovis Health Detroit Lakes, MN | $2,694,687 | $3,918,221 |