Heritage Health Care Foundation Inc
- Assets
- $270.8k
- Revenue
- -$12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Westbrook, MN
- Founding
- 08/1989
- Data as of
- 09/2022
- EIN
- 41-1630753
Organization Overview
Heritage Health Care Foundation Inc is located in Westbrook, MN. The organization was established in 1989. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, 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. Heritage Health Care 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SMALL COMMUNITY HOSPITAL AND THE PROMOTION OF EDUCATION FOR THOSE WILLING TO MEDICALLY SERVE THIS SMALL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PAID SCHOLARSHIPS TO 6 STUDENTS FOR POST SECONDARY EDUCATION IN THE MEDICAL FIELD
TO PROMOTE QUALIFIED MEDICAL DOCTORS AND STAFF, THE BOARD HAS AGREED TO COMPENSATE A PROVIDER THROUGH TAXABLE LOAN FORGIVENESS.
THE ORGANIZATION PROVIDED A GRANT TO DOMESTIC ORGANIZATIONS WHICH PROMOTE THE EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Chapman Vice President | Officer | 0 | $0 |
Kassandra Quade Secretary | Officer | 1 | $0 |
Scott Jorgenson Treasurer | Officer | 1 | $0 |
Arlene Erickson President | Officer | 1 | $0 |
Leo Theisen Director | Trustee | 0 | $0 |
Anita Phelps Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,720 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,985 |
| Total Program Service Revenue | $0 |
| Investment income | $6,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,281 |
| Net Income from Fundraising Events | $1,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$11,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,337 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $794 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $15,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,973 |
| Savings and temporary cash investments | $44,907 |
| 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 | $186,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,219 |
| Total assets | $270,765 |
| 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 | $258,265 |
| Net assets with donor restrictions | $12,500 |
| 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 | $270,765 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Health Care Foundation Inc has recieved totaling $525.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: DONATION | | $525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rainbow Health Minnesota St Paul, MN | $2,857,145 | $9,913,931 |
Crescent Community Health Center Dubuque, IA | $18,653,889 | $11,801,081 |
Cedar Riverside Peoples Center Minneapolis, MN | $10,919,960 | $9,047,103 |
Northland Health Partners Community Turtle Lake, ND | $6,827,696 | $8,717,072 |
Sawtooth Mountain Clinic Inc Grand Marais, MN | $7,441,846 | $8,771,028 |
All Care Health Center Council Bluffs, IA | $8,759,200 | $8,312,607 |
Siouxland Medical Education Foundation Inc Sioux City, IA | $3,107,808 | $7,494,902 |
Community Health Free Clinic Cedar Rapids, IA | $3,533,193 | $6,587,372 |
Stillwater Medical Group Minneapolis, MN | $20,788,259 | $157,585 |
Northern Health Centers Inc Lakewood, WI | $2,273,408 | $5,276,275 |
Mississippi Headwaters Area Dental Health Center Incorporated Bemidji, MN | $3,764,440 | $4,921,361 |
Fairview Physician Associates Network Edina, MN | $36,917,105 | $9,160,624 |