Hancock County Health System Foundation
- Assets
- $764.1k
- Revenue
- $128.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Britt, IA
- Founding
- 05/2002
- Data as of
- 06/2023
- EIN
- 42-1481803
Organization Overview
Hancock County Health System Foundation is located in Britt, IA. The organization was established in 2002. 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. Hancock County Health System 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 06/2023, Hancock County Health System Foundation generated $128.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $354.0k during the year ending 06/2023. While expenses have increased by 16.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE FUNDING FOR HEALTH CARE SERVICES, MEDICAL EQUIPMENT, AND COMMUNITY NEEDS/PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HANCOCK COUNTY HEALTH SYSTEM FOUNDATION WAS ORGANIZED AND INCORPORATED IN 1998. THE BOARD OF DIRECTORS ARE VOLUNTEER COMMUNITY LEADERS WHO SUPPORT THE MISSION OF THE FOUNDATION AND ITS GOALS. THE MISSION OF THE HANCOCK COUNTY HEALTH SYSTEM FOUNDATION IS TO CULTIVATE FUNDING FOR HANCOCK COUNTY MEMORIAL HOSPITAL AND ITS CLINICS FOR HEALTH CARE SERVICES, MEDICAL EQUIPMENT, AND/OR COMMUNITY NEEDS AND PROGRAMS. THIS IS DONE THROUGH EDUCATING, INITIATING AND FOSTERING RELATIONSHIPS WITH PROSPECTIVE AND PREVIOUS DONORS, THEREBY IDENTIFYING THEIR NEEDS IN RELATION TO THEIR GIFT MAKING. THIS RELATIONSHIP-BUILDING WILL ALSO FACILITATE, ENCOURAGE AND RECOGNIZE PRIVATE PHILANTHROPIC GIFTS. THE GOAL OF THE FOUNDATION IS TO GROW THE ENDOWMENT TO THE POINT WHERE THE INCOME IT GENERATES FOR THE HOSPITAL CAN FUND NOT ONLY THE CAPITAL SPENDING BUDGET BUT ALSO FOR THE FUTURE HEALTHCARE NEEDS OF THIS COMMUNTIY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Kelly President | OfficerTrustee | 7 | $0 |
Christie Hobscheidt Vice President | OfficerTrustee | 7 | $0 |
Jean Baack Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Eric Newton Director | Trustee | 0.5 | $0 |
Chip Thiedeman Director | Trustee | 0.5 | $0 |
Jennifer Rosenmeyer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,139 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,309 |
| Total Program Service Revenue | $0 |
| Investment income | $2,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,220 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,047 |
| Net Income from Gaming Activities | $2,125 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $347,162 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $354,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,605 |
| Savings and temporary cash investments | $397,012 |
| 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 | $249,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,385 |
| Total assets | $764,102 |
| 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 | $367,090 |
| Net assets with donor restrictions | $397,012 |
| 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 | $764,102 |
Grants Awarded
Over the last fiscal year, Hancock County Health System Foundation has awarded $47,877 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HANCOCK COUNTY HEALTH SYSTEM PURPOSE: EQUIPMENT PURCHASES | $39,830 |
HANCOCK COUNTY HEALTH SYSTEM PURPOSE: NON CAPITAL EQUIP PURCHASES | $8,047 |