Grant Regional Health Center Foundation Inc
- Assets
- $0.0
- Revenue
- $361.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, WI
- Founding
- 05/1996
- Data as of
- 12/2019
- EIN
- 39-1834961
Organization Overview
Grant Regional Health Center Foundation Inc is located in Lancaster, WI. The organization was established in 1996. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Grant Regional Health Center 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 12/2019, Grant Regional Health Center Foundation Inc generated $361.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE GRANT REGIONAL HEALTH CENTER FOUNDATION, INC. IS DEDICATED TO FOSTERING GOODWILL AND ENCOURAGING FINANCIAL SUPPORT FOR GRANT REGIONAL HEALTH CENTER AND THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT REGIONAL HEALTH CENTER FOUNDATION, INC. OPERATES TO PROVIDE SUPPORT AND PERFORM FUNCTIONS FOR GRANT REGIONAL HEALTH CENTER, INC., WHICH PROVIDES HEALTHCARE SERVICES TO THE COMMUNITY OF LANCASTER, WISCONSIN AND THE SURROUNDING AREAS.
GRANT REGIONAL HEALTH CENTER FOUNDATION, INC. RECOGNIZES THE NEED FOR WELL-TRAINED PROFESSIONALS. EVERY YEAR, GRANT REGIONAL HEALTH CENTER FOUNDATION, INC. AWARDS SCHOLARSHIPS TO STUDENTS PURSUING ADVANCED DEGREES WHO MEET SPECIFIC CRITERIA. THE STUDENT MUST BE PURSUING A ONE, TWO, OR FOUR-YEAR DEGREE IN A QUALIFIED POST-SECONDARY EDUCATIONAL PROGRAM. TO OBTAIN A SCHOLARSHIP, THE STUDENT MUST FILL OUT AN APPLICATION, ALONG WITH OTHER REQUIRED ATTACHMENTS, AND SUBMIT TO THE FOUNDATION BOARD OF DIRECTORS WHO MAKE THE FINAL SELECTION OF CANDIDATES AND AMOUNTS. DURING 2019, GRANT REGIONAL HEALTH CENTER FOUNDATION, INC. AWARDED $5,500 IN SCHOLARSHIPS TO STUDENTS PURSUING ADVANCED DEGREES, PREDOMINATELY IN A HEALTHCARE RELATED FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Bartels Vice Chair | OfficerTrustee | 0.5 | $0 |
Sue Fritz Chair | OfficerTrustee | 0.5 | $0 |
Kurt Volkmann Member | OfficerTrustee | 0.5 | $0 |
David Smith President/ceo | Officer | 0.5 | $0 |
Rick Benson Member | Trustee | 0.5 | $0 |
Shelly Fecht Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,527 |
| Total Program Service Revenue | $0 |
| Investment income | $20,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,157 |
| Net Income from Fundraising Events | $4,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,628,332 |
| Grants and other assistance to domestic individuals. | $5,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,447 |
| Compensation of current officers, directors, key employees. | $63,447 |
| 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 | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,324 |
| Fees for services: Other | $3,306 |
| Advertising and promotion | $14,208 |
| Office expenses | $13 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,723,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grant Regional Health Center Foundation Inc has recieved totaling $256,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southern Wisconsin Inc Janesville, WI PURPOSE: OB UNIT AND TRIAGE ROOM, PPE AND/OR BLOOD PRESSURE MACHINES AND/OR OTHER COVID-19 RELATED ITEMS. | $118,000 |
Community Foundation Of Southern Wisconsin Inc Janesville, WI PURPOSE: OB UNIT AND TRIAGE ROOM, PPE AND/OR BLOOD PRESSURE MACHINES AND/OR OTHER COVID-19 RELATED ITEMS. | $118,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
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 |