Aspirus Medford Foundation Inc
- Assets
- $2.1m
- Revenue
- $298.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, WI
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 39-1777081
Organization Overview
Aspirus Medford Foundation Inc is located in Medford, WI. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus Medford 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 Medford Foundation Inc generated $298.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $363.1k during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT PRIMARY MEDICAL CARE IS ALWAYS AVAILABLE AND CONVENIENT TO THE PEOPLE OF THIS AREA, THROUGH ASPIRUS MEDFORD HOSPITAL & CLINICS, INC. ASPIRUS MEDFORD HOSPITAL & CLINICS, INC. IS A 25-BED, NOT-FOR-PROFIT, PRIMARY CARE HEALTHCARE ORGANIZATION WHICH SERVES THE HEALTH CARE NEEDS OF TAYLOR, PRICE, AND PARTS OF CLARK, MARATHON, AND LINCOLN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASPIRUS MEDFORD FOUNDATION, INC.'S MISSION IS TO ENSURE THAT PRIMARY MEDICAL CARE IS ALWAYS AVAILABLE AND CONVENIENT TO THE PEOPLE OF THIS AREA, THROUGH ASPIRUS MEDFORD HOSPITAL & CLINICS, INC. DURING FY21, THE FOUNDATION HAS HELPED IN PROVIDING FUNDING FOR THE FOLLOWING ITEMS: PORTABLE PATIENT MONITORS (SEVERAL DEPARTMENTS), IPADS, CASES AND CARTS (PATIENT EXPERIENCE), EPIDURAL AND SPINAL GUIDANCE DEVICE (ANESTHESIA), PULSE OXIMETERS FOR HOME OXYGEN PROGRAM, HEMATOLOGY ANALYZERS (SATELLITE CLINICS), NEPTUNE ROVER (SURGICAL SERVICES), BLOOD GAS ANALYZER (LABORATORY), CENTRAL STATION (MED-SURG), DIGITAL RADIOGRAPHY DETECTOR (PHILLIPS CLINIC) AND CYSTONEPHRO FIBERSCOPE (SURGICAL SERVICES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Dixon Chair | OfficerTrustee | 1 | $0 |
Brent Arndt Vice Chair | OfficerTrustee | 1 | $0 |
Patricia Krause Treasurer | OfficerTrustee | 1 | $0 |
Kris O'leary Secretary | OfficerTrustee | 1 | $0 |
Vicky Brost Secretary (thru 7/20) | OfficerTrustee | 1 | $0 |
Amanda Lange Executive Director | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,974 |
| Related organizations | $12,375 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,327 |
| Noncash contributions included in lines 1a–1f | $9,290 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,676 |
| Total Program Service Revenue | $0 |
| Investment income | $155,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,199 |
| Net Income from Gaming Activities | $3,410 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,863 |
| 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 | $42,938 |
| Pension plan accruals and contributions | $1,970 |
| Other employee benefits | $18,944 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $368 |
| Fees for services: Other | $4,339 |
| Advertising and promotion | $0 |
| Office expenses | $885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $344 |
| 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 | $1,617 |
| Insurance | $0 |
| All other expenses | $2,879 |
| Total functional expenses | $363,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,197 |
| Savings and temporary cash investments | $22,202 |
| 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 | $13,343 |
| Investments—publicly traded securities | $1,981,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,942 |
| Total assets | $2,052,161 |
| Accounts payable and accrued expenses | $10,076 |
| 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 | $55,106 |
| Total liabilities | $65,182 |
| Net assets without donor restrictions | $1,654,696 |
| Net assets with donor restrictions | $332,283 |
| 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 | $2,052,161 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aspirus Medford Foundation Inc has recieved totaling $12,375.
| Awarding Organization | Amount |
|---|---|
Memorial Member Association Inc Medford, WI PURPOSE: GENERAL SUPPORT | $12,375 |
Endowment Analysis
| Beg. Balance | $143,901 |
| Earnings | $27,506 |
| Grants | $26,092 |
| Ending Balance | $145,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |