Spencer Regional Healthcare Foundation

Organization Overview

Spencer Regional Healthcare Foundation is located in Spencer, IA. The organization was established in 1994. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Spencer Regional 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 06/2024, Spencer Regional Healthcare Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $336.8k during the year ending 06/2024. 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

SUPPORT THE ENHANCEMENT OF HEALTH CARE TECHNOLOGIES AND PROGRAMS IN THE REGION SERVED BY SPENCER MUNICIPAL HOSPITAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DISBURSEMENTS ARE FOR THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES WHICH BENEFIT AND SUPPORT MEDICAL AND HEALTH CARE SERVICES FOR PERSONS IN THE REGION SERVED BY SPENCER MUNICIPAL HOSPITAL. FUNDS HAVE BEEN USED BY THE DONEE TO PURCHASE DESIGNATED MEDICAL EQUIPMENT, OTHER MEDICAL ITEMS AND PROGRAMS USED FOR THE DELIVERY OF MEDICAL SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Nathan Rohling
Director
$0
Marcia Ramstack
Director
$0
Brenda Tiefenthaler
Director
$0
Kim Upah
Director
$0
Nate Schmidt
Vice President
$0
Dr Sonia Sather
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$679,774
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$679,774
Total Program Service Revenue$0
Investment income $566,944
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $642,960
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,889,678

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