Truman Medical Center Charitable Foundation
- Assets
- $28.3m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Kansas City, MO
- Founding
- 04/1980
- Data as of
- 06/2021
- EIN
- 43-1194064
Organization Overview
Truman Medical Center Charitable Foundation is located in Kansas City, MO. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Truman Medical Center Charitable Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truman Medical Center Charitable 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 06/2021, Truman Medical Center Charitable Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $8.6m during the year ending 06/2021. While expenses have increased by 7.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO ACCEPT, HOLD, AND ADMINISTER CONTRIBUTIONS FOR OR ON BEHALF OF TRUMAN MEDICAL CENTER AND TO DISTRIBUTE SUCH AMOUNTS FOR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
THE FOUNDATION DISTRIBUTES CONTRIBUTIONS RECEIVED FROM FOUNDATIONS, CORPORATIONS AND INDIVIDUAL DONORS TO TRUMAN MEDICAL CENTERS TO IMPROVE PATIENT CARE, PROVIDE CAPITAL EQUIPMENT, RENOVATIONS AND PROGRAM SUPPORT TO VARIOUS DEPARTMENTS OF THE HOSPITAL EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Isenhour Executive Director | Officer | 40 | $193,392 |
S Marie Mccarther Edd Director/vice Chair | OfficerTrustee | 1 | $0 |
Betsy Green Director/secretary | OfficerTrustee | 1 | $0 |
Gregg Givens Director/treasurer | OfficerTrustee | 1 | $0 |
Michael T Mayer Director/chair | OfficerTrustee | 1 | $0 |
Doug Albers Director | 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 | $6,863,548 |
| Noncash contributions included in lines 1a–1f | $92,560 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,863,548 |
| Total Program Service Revenue | $370,575 |
| Investment income | $371,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,788,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,393,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,524,695 |
| 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. | $330,959 |
| Compensation of current officers, directors, key employees. | $330,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,604 |
| Pension plan accruals and contributions | $68,442 |
| Other employee benefits | $67,913 |
| Payroll taxes | $29,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $87,133 |
| Fees for services: Lobbying | $103,000 |
| Fees for services: Fundraising | $163,214 |
| Fees for services: Investment Management | $27,469 |
| Fees for services: Other | $135,242 |
| Advertising and promotion | $0 |
| Office expenses | $5,763 |
| 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 | $44,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,905 |
| Total functional expenses | $8,563,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,648 |
| Savings and temporary cash investments | $1,606,583 |
| Pledges and grants receivable | $6,584,043 |
| 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 | $25,852 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,520,718 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,416,954 |
| Total assets | $28,332,798 |
| Accounts payable and accrued expenses | $1,960,885 |
| 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 | $1,960,885 |
| Net assets without donor restrictions | $4,318,584 |
| Net assets with donor restrictions | $22,053,329 |
| 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 | $28,332,798 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Truman Medical Center Charitable Foundation has recieved totaling $49,000.
| Awarding Organization | Amount |
|---|---|
Bra Couture Kc Lees Summit, MO PURPOSE: TO PROVIDE PATIENT SERVICES INCLUDING PRESCRIPTION ASSISTANCE, NUTRITIONAL SUPPORT, EQUIPMENT AND MEDICAL SUPPLIES, WIGS & HEADWEAR FOR WOMEN EXPERIENCING HAIR LOSS, AND CASE MANAGEMENT. | $35,000 |
J M Forrest Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $14,000 |
Endowment Analysis
| Beg. Balance | $3,555,670 |
| Earnings | $1,026,262 |
| Other Expense | $5,392 |
| Ending Balance | $4,576,540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |