Aspirus Medford Foundation Inc
- Assets
- $1.7m
- Revenue
- $319.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, WI
- Founding
- 12/1994
- Data as of
- 06/2022
- 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 06/2022, Aspirus Medford Foundation Inc generated $319.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $357.3k during the year ending 06/2022. While expenses have increased by 4.6% 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
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 FY22, THE FOUNDATION HAS HELPED IN PROVIDING FUNDING FOR THE FOLLOWING ITEMS: ULTRASOUND SYSTEM (ANESTHESIA), BLOOD BANK ANALYZER AND INTERFACE (LAB), EKG/ECG MACHINES (CLINICS) AND SIDE ENTRY TUB (COUNTRY GARDENS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Dixon Chair (thru 06/22) | OfficerTrustee | 1 | $0 |
Brent Arndt Vice Chair | OfficerTrustee | 1 | $0 |
Patricia Krause Treasurer | OfficerTrustee | 1 | $0 |
Kris O'leary Secretary | OfficerTrustee | 1 | $0 |
Sue Ackerman Board Member | Trustee | 1 | $0 |
Jill Dassow Board Member At Large (thru 03/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,347 |
| Related organizations | $30,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,327 |
| Noncash contributions included in lines 1a–1f | $10,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,674 |
| Total Program Service Revenue | $0 |
| Investment income | $187,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,143 |
| Net Income from Fundraising Events | $7,748 |
| Net Income from Gaming Activities | $1,532 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,098 |
| 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 | $67,453 |
| Pension plan accruals and contributions | $2,994 |
| Other employee benefits | $28,796 |
| 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 | $420 |
| Fees for services: Other | $2,507 |
| Advertising and promotion | $1,050 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $366 |
| 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 | $0 |
| Total functional expenses | $357,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,785 |
| Savings and temporary cash investments | $21,372 |
| 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 | $11,727 |
| Investments—publicly traded securities | $1,639,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,416 |
| Total assets | $1,689,500 |
| Accounts payable and accrued expenses | $11,441 |
| 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 | $146,434 |
| Total liabilities | $157,875 |
| Net assets without donor restrictions | $1,267,616 |
| Net assets with donor restrictions | $264,009 |
| 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 | $1,689,500 |
Grants Awarded
Over the last fiscal year, Aspirus Medford Foundation Inc has awarded $249,598 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRUS MEDFORD HOSPITAL & CLINICS INC PURPOSE: ULTRASOUND SYSTEM (ANESTHESIA), BLOOD BANK ANALYZER AND INTERFACE (LAB), EKG/ECG MACHINES (CLINICS) AND SIDE ENTRY TUB (COUNTRY GARDENS) | $239,598 |
STANLEY COMMUNITY ASSOCIATION INC PURPOSE: TORNADO RELIEF FUNDS | $10,000 |