Grinnell Regional Medical Center Foundation

Organization Overview

Grinnell Regional Medical Center Foundation is located in Grinnell, IA. The organization was established in 1996. 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. Grinnell Regional 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 12/2022, Grinnell Regional Medical Center Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $313.6k during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT GRINNELL REGIONAL MEDICAL CENTER AND COMMUNITY HEALTHCARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GRINNELL REGIONAL MEDICAL CENTER FOUNDATION PROVIDES VALUABLE GUIDANCE AND LEADERSHIP FOR THE GRINNELL REGIONAL MEDICAL CENTER'S (GRMC) FUNDRAISING EFFORTS. THE FOUNDATION MANAGES THE ENDOWMENT AND MAKES LOANS TO GRMC TO ENABLE GRMC TO PURCHASE NEEDED MEDICAL EQUIPMENT. THE FOUNDATION ALSO ADMINISTERS THE CHARITABLE GIFT ANNUITY PROGRAM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Amn Healthcare Inc
Medical Staffing
$458,091
Surgical Associates Llp
On Call & Bariatric Management
$424,326
Managed Accounts Receivable
Contract Ar Management
$327,013
Aramark Services Inc
Cafeteria Services
$221,528
Professional Medical Management
Billing Services
$217,776
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$162,782
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$996,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,159,462
Total Program Service Revenue$0
Investment income $120,496
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $21,000
Net Gain/Loss on Asset Sales $126,262
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,427,220

Grants Awarded

Over the last fiscal year, Grinnell Regional Medical Center Foundation has awarded $146,521 in support to 3 organizations.

Grant RecipientAmount

CAPSTONE BEHAVIOR HEALTHCARE

PURPOSE: PROGRAM ASSISTANCE

$13,512

GRINNELL REGIONAL MEDICAL CENTER

PURPOSE: PROGRAM ASSISTANCE

$104,822

UNITYPOINT AT HOME

PURPOSE: PROGRAM ASSISTANCE

$28,187
View Grant Profile

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$363,462,071
Oklahoma Gas And Electric Company Employees Medical Benefit Trust
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$23,964,826
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Cardinal Glennon Childrens Foundation
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Vollrath Company Employee Health & Welfare Benefit Trust
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Roofers Local 96 Health & Welfare Fund
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Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125
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