Story County Medical Center Endowment Foundation Inc

Organization Overview

Story County Medical Center Endowment Foundation Inc, operating under the name Story County Medical Center Foundation, is located in Nevada, IA. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Story County Medical Center 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 06/2024, Story County Medical Center Foundation generated $39.0k 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 (25.0%) each year. All expenses for the organization totaled $13.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVING ACCESS TO QUALITY HEALTHCARE IN STORY COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ACCEPTS AND MANAGES GIFTS GIVEN TO THE STORY COUNTY MEDICAN CENTER (SCMC). SCMC ENDOWMENT FOUNDATION WORKS IN PARTNERSHIP WITH THE SCMC BOARD OF DIRECTORS AND ADMINISTRATION TO IDENTIFY AND PRIORITIZE THE MEDICAL CENTER'S FINANCIAL NEEDS AND ENCOURAGES THE ENHANCEMENT OF PRESENT AND FUTURE SCMC HEALTH SERVICES AND FACILITIES. THE FOUNDATION ALSO SUPPORTS PHYSICIAN RECRUITMENT AND RETENTION EFFORTS AS NEEDED, THE DEVELOPMENT OF FUTURE HEALTHCARE LEADERS THROUGH STUDENT HEALTHCARE SCHOLARSHIPS IN STORY COUNTY, AND ADVOCATION FOR HEALTHY COMMUNITIES THROUGH HEALTH EDUCATION AND EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Cahill
President
$0
Robbie Anderson
Vice President/secretary/treasurer
$0
Michelle Cassabaum
Director
$0
Dan Johnson
Director
$0
Jim Frevert
Director
$0
Tricia Crain
Director
$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$22,733
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,733
Total Program Service Revenue$0
Investment income $16,271
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 $39,004

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