Virginia Gay Hospital Health Care Foundation
- Assets
- $1.2m
- Revenue
- $200.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Vinton, IA
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 42-1391891
Organization Overview
Virginia Gay Hospital Health Care Foundation is located in Vinton, IA. The organization was established in 1992. 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. Virginia Gay Hospital Health Care 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 06/2022, Virginia Gay Hospital Health Care Foundation generated $200.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $121.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT VIRGINIA GAY HOSPITAL INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VIRGINIA GAY HOSPITAL HEALTH CARE FOUNDATION ACQUIRES AND ADMINISTERS CHARITABLE GIFTS FOR THE BENEFIT OF VIRGINIA GAY HOSPITAL AND CLINICS. THE ANNUAL TREE OF LIGHTS CAMPAIGN IS OUR PRIMARY FUNDRAISER. THE FOUNDATION USES THE FUNDS IT RAISES AND RECEIVES TO PURCHASE STATE-OF-THE-ART EQUIPMENT, ENHANCE FACILITIES AND DEVELOP SPECIAL PROGRAMS TO HELP VIRGINIA GAY HOSPITAL AND CLINICS REMAIN IN THE FOREFRONT OF MEDICAL CARE. THE GOAL OF THE FOUNDATION IS TO BRING AN EVER-INCREASING QUALITY OF HEALTHCARE TO THE COMMUNITY. THIS PAST YEAR WE RAISED TO SUPPORT PURCHASE OF MR SAFE WHEELCHAIR, PHILLIPS V60 VENTILATOR, CPR BABY ANNE, VEIN LIGHT, UPDATED OPEN CONCEPT FURNISHINGS IN NURSING & REHAB, AND SUPPORT TO PURCHASE NEW VAN AND HOME HEALTH VEHICLE. PARTY IN PINK 5K IS A FUNDRAISER TO SUPPORT VIRGINIA GAY HOSPITAL GIFTS OF HOPE PROGRAM. GIFTS OF HOPE SUPPORTS WOMEN'S HEALTH PROVIDING ACCESS OF CARE FOR MAMMOGRAPHY AND WOMEN'S HEALTH CHECKS. IF A PERSON IS DIAGNOSED WITH BREAST CANCER, THEY MAY ACCESS $2500 TO PAY FOR MEDICAL EXPENSES, NO APPLICATION REQUIRED. MEDICAL BILLS ARE PRESENTED FOR PAYMENT. REACH OUT AND READ IS A PROGRAM IN THE VIRGINIA GAY CLINICS SUPPORTING CHILDHOOD LITERACY. AT EACH WELL CHILD CHECK A PROVIDER WILL PRESENT THE CHILD WITH A FREE BOOK AND INTERACT WITH CHILD ON READING OR LOOKING THROUGH THE BOOK. BY THE TIME THE CHILD IS IN SCHOOL THEY WILL HAVE A LIBRARY OF APPROXIMATELY 15 BOOKS. THE PROGRAM ENCOURAGES PARENTS TO READ WITH THEIR CHILDREN AT HOME. APPROXIMATELY 500 BOOKS DISTRIBUTED EACH YEAR.BENTON COUNTY COMMUNITY HEALTH AND WELLNESS FAIR IS PROVIDED THROUGH THE EFFORTS OF VIRGINIA HOSPITAL HEALTH CARE FOUNDATION EACH YEAR. FOUNDATION ORGANIZES AN EVENT THAT HIGHLIGHTS APPROXIMATELY 50 VENDORS PROVIDING AWARENESS IN AREAS OF MENTAL WELLNESS, FOOD AND NUTRITION, FINANCIAL LITERACY, ACCESS TO MEDICAL CARE, EMERGENCY PREPAREDNESS, EARLY CHILDHOOD EDUCATION AND HEALTH CARE ACCESS, INSURANCE, ARTS AND MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Logan Chair | OfficerTrustee | 0.5 | $0 |
Mary Jo Hainstock Vice Chair | OfficerTrustee | 0.3 | $0 |
Mike Lagrange Secretary | OfficerTrustee | 0.3 | $0 |
Shelley Mossman Treasurer | OfficerTrustee | 0.3 | $0 |
Michele Schoonover CEO Virginia Gay Hospital | Officer | 2 | $0 |
Barry Dietsch CFO Virginia Gay Hospital | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,191 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,683 |
| Total Program Service Revenue | $0 |
| Investment income | $55,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,764 |
| Grants and other assistance to domestic individuals. | $12,000 |
| 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 | $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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $121,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,050 |
| 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 | $1,035,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,433 |
| Total assets | $1,200,321 |
| 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 | $1,055,556 |
| Net assets with donor restrictions | $144,765 |
| 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 | $1,200,321 |
Grants Awarded
Over the last fiscal year, Virginia Gay Hospital Health Care Foundation has awarded $86,906 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Vinton, IA PURPOSE: Operational and capital support | $66,906 |
Cedar Falls, IA PURPOSE: Virginia Gay Home Health endowment fund | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Gay Hospital Health Care Foundation has recieved totaling $141.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $141 |
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 |