Iowa Specialty Hospital Foundation Clarion
- Assets
- $3.8m
- Revenue
- $831.6k
- Investments
- $96.3k
- Employees
- 0
- Location
- Clarion, IA
- Founding
- 04/1983
- Data as of
- 06/2021
- EIN
- 42-1186904
Organization Overview
Iowa Specialty Hospital Foundation Clarion is located in Clarion, IA. The organization was established in 1983. 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. Iowa Specialty Hospital Foundation Clarion 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 06/2021, Iowa Specialty Hospital Foundation Clarion generated $831.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $876.2k during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT IOWA SPECIALTY HOSPITAL - CLARION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA SPECIALTY HOSPITAL FOUNDATION - CLARION OPERATES A 21 RESIDENTIAL ASSISTED LIVING FACILITY. WITH GUIDED PRINCIPLES THAT SUPPORT THE PHYSICAL AND SOCIAL WELL-BEING OF ITS RESIDENTS. OUR FACILITY IS DESIGNED TO BE OPERATED, STAFFED, AND MAINTAINED TO MEET THE NEEDS AND DESIRES OF OUR RESIDENTS.
IOWA SPECIALTY HOSPITAL FOUNDATION - CLARION'S GIVING PRIORITIES ARE ALIGNED WITH THE FUTURE GOALS OF IOWA SPECIALTY HOSPITAL, ENSURING THAT THE FUNDING DONATED TO IOWA SPECIALTY HOSPITAL FOUNDATION - CLARION IS USED TO SUPPORT CRITICAL MEDICAL SERVICES, MAINTAIN A CONTINUED SUPPLY OF OUTSTANDING HEALTHCARE PROFESSIONALS, AND TO HAVE THE BEST DIAGNOSTIC TOOLS AVAILABLE. EACH YEAR, THE IOWA SPECIALTY HOSPITAL FOUNDATION - CLARION AWARDS SCHOLARSHIPS TO SENIORS IN AREA HIGH SCHOOLS WHO ARE PLANNING TO ENTER HIGHER EDUCATION FOR TRAINING IN THE HEALTHCARE FIELD.STATEMENT CONTINUED ON SCHEDULE O.TWO $500 SCHOLARSHIPS WERE OFFERED IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Asbe - Trustee Foundation Dir As Of Jan. 2021 | Trustee | 40 | $40,110 |
Kent Kirstein Vice President As Of Jan. 2021 | OfficerTrustee | 1 | $0 |
Chance Coppola President As Of Jan. 2021 | OfficerTrustee | 1 | $0 |
Susan Toftey - Secretary Treasurer As Of Jan. 2021 | OfficerTrustee | 1 | $0 |
Karl Helgevold Trustee | Trustee | 1 | $0 |
Steve Simonin - Trustee And CEO Iowa Specialty Hospital-Clarion | Trustee | 1 | $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 | $108,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,261 |
| Total Program Service Revenue | $655,959 |
| Investment income | $17,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,765 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,568 |
| Pension plan accruals and contributions | $21,103 |
| Other employee benefits | $28,933 |
| Payroll taxes | $17,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,924 |
| Advertising and promotion | $23,497 |
| Office expenses | $20,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,874 |
| Travel | $885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,870 |
| Interest | $73,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,561 |
| Insurance | $14,874 |
| All other expenses | $21 |
| Total functional expenses | $876,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135 |
| Savings and temporary cash investments | $117,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,004 |
| 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 | $2,443,166 |
| Investments—publicly traded securities | $804,550 |
| Investments—other securities | $96,349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,141 |
| Total assets | $3,786,788 |
| Accounts payable and accrued expenses | $168,180 |
| 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 | $2,006,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,175,036 |
| Net assets without donor restrictions | $1,611,752 |
| 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 | $3,786,788 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Specialty Hospital Foundation Clarion has recieved totaling $282.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Childrens Hospital & Medical Center Foundation Omaha, NE | $482,957,536 | $27,549,600 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |