Hendricks Memorial Healthcare Foundation
- Assets
- $644.4k
- Revenue
- $29.1k
- Investments
- $564.0k
- Employees
- 0
- Location
- Hendricks, MN
- Founding
- 01/1995
- Data as of
- 05/2024
- EIN
- 41-1792433
Organization Overview
Hendricks Memorial Healthcare Foundation is located in Hendricks, MN. The organization was established in 1995. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Hendricks Memorial Healthcare Foundation 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 05/2024, Hendricks Memorial Healthcare Foundation generated $29.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $81.6k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE HENDRICKS MEMORIAL HEALTHCARE FOUNDATION IS A NONPROFIT TAX EXEMPT CORPORATION, ESTABLISHED FOR THE BENEFIT AND SUPPORT OF THE COMMUNITIES SERVED BY THE HENDRICKS COMMUNITY HOSPITAL ASSOCIATION. ITS PURPOSE IS TO RECEIVE CHARITABLE GIFTS AND ENDOWMENTS TO SUPPORT THE CONTINUANCE OF QUALITY HEALTHCARE SERVICES AVAILABLE TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HENDRICKS MEMORIAL HEALTHCARE FOUNDATION SOLICITS DONATIONS TO PROVIDE FUNDS TO THE LOCAL COMMUNITY FOR ATHLETIC COMPLEXES AS WELL AS MULTI-PURPOSE EXERCISE FACILITIES AND FOR THE COMMUNITY HOSPITAL. THESE CONTRIBUTIONS ARE A PART OF THE FOUNDATION'S ONGOING GOAL TO PROMOTE HEALTH AND WELL-BEING IN THE RURAL COMMUNITIES SERVICED BY THE HENDRICKS COMMUNITY HOSPITAL.
THE HENDRICKS MEMORIAL HEALTHCARE FOUNDATION HOLDS AN ANNUAL END OF THE YEAR CONTRIBUTION DRIVE VIA MASS MAILINGS TO ALL PREVIOUS CONTRIBUTORS TO THE FOUNDATION. THE CONTRIBUTIONS ARE USED TO ENSURE THE CONTINUAL GROWTH OF THE FOUNDATION'S GENERAL FUND TO BE USED FOR FUTURE ENDEAVORS ENSURING THE CONTINUATION OF QUALITY AND AFFORDABLE HEALTHCARE RECEIVED IN THE RURAL COMMUNITIES SERVICED BY THE HENDRICKS COMMUNITY HOSPITAL.THE HENDRICKS MEMORIAL HEALTHCARE FOUNDATION SPONSORS THE ANNUAL HENDRICKS SUMMERFEST ROAD RACE AND FITNESS WALK HELD DURING THE ANNUAL 4TH OF JULY CELEBRATION IN HENDRICKS, MN. THE EVENT IS HOST TO APPROXIMATELY 200 TO 300 PARTICIPANTS EACH YEAR. THE EVENT IS SPONSORED BY THE FOUNDATION TO HELP CREATE AWARENESS OF THE FOUNDATION AND ITS PURPOSE AND GOALS, AND TO PROMOTE HEALTHY FITNESS ACTIVITIES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Rybinski Board Member | Trustee | 0.5 | $0 |
Paul Olson President | OfficerTrustee | 0.5 | $0 |
Julie Hogie Co Sec/treas | OfficerTrustee | 0.5 | $0 |
Alicia Tykwinski Co Sec/treas | OfficerTrustee | 0.5 | $0 |
Kimlee Amundson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,874 |
| Total Program Service Revenue | $0 |
| Investment income | $197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| 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 | $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 | $0 |
| 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 | $969 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $81,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $62,070 |
| 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 | $18,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $563,956 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,406 |
| 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 | $140,363 |
| Net assets with donor restrictions | $504,043 |
| 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 | $644,406 |