Heritage Health Care Foundation Inc
- Assets
- $244.6k
- Revenue
- $16.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Westbrook, MN
- Founding
- 08/1989
- Data as of
- 09/2023
- 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.
For the year ending 09/2023, Heritage Health Care Foundation Inc generated $16.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $42.3k during the year ending 09/2023. 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
2023
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 PROVIDED A GRANT TO DOMESTIC ORGANIZATIONS WHICH PROMOTE THE EXEMPT PURPOSE.
TO PROMOTE QUALIFIED MEDICAL DOCTORS AND STAFF, THE BOARD HAS AGREED TO COMPENSATE A PROVIDER THROUGH TAXABLE LOAN FORGIVENESS.
THE ORGANIZATION PAID SCHOLARSHIPS TO 3 STUDENTS FOR POST SECONDARY EDUCATION IN THE MEDICAL FIELD
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Theisen Director | Trustee | 0 | $0 |
Kortney Krick Director | Trustee | 0 | $0 |
Kerry Cassens Director | Trustee | 0 | $0 |
Anita Phelps Director | Trustee | 0 | $0 |
Scott Jorgenson Treasurer | Officer | 1 | $0 |
Kassandra Quade Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,223 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,178 |
| Total Program Service Revenue | $0 |
| Investment income | $9,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,829 |
| Net Income from Fundraising Events | $2,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,032 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $2,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $42,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,536 |
| Savings and temporary cash investments | $42,632 |
| 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 | $190,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,843 |
| Total assets | $244,614 |
| 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 | $232,114 |
| 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 | $244,614 |
Grants Awarded
Over the last fiscal year, Heritage Health Care Foundation Inc has awarded $28,445 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTBROOK HEALTH CENTER PURPOSE: BOOKS BLOOD PRESSURE & ULTRASOUND MACHI | $12,417 |
CITY OF WESTBROOK PURPOSE: ZOLL DEFIBRILLATOR | $16,028 |