Liberty Hospital Foundation
- Assets
- $7.5m
- Revenue
- $801.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Liberty, MO
- Founding
- 04/1985
- Data as of
- 06/2021
- EIN
- 43-1356176
Organization Overview
Liberty Hospital Foundation is located in Liberty, MO. The organization was established in 1985. 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, Liberty Hospital Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Hospital 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, Liberty Hospital Foundation generated $801.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $715.1k during the year ending 06/2021. While expenses have increased by 4.0% 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.
Since 2015, Liberty Hospital Foundation has awarded 55 individual grants totaling $1,406,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GUIDED BY THE HOSPITAL'S STRATEGIC PLAN, OUR MISSION IS TO PROVIDE FINANCIAL SUPPORT TO THE LIBERTY HOSPITAL BY FUNDING PROGRAMS THAT WILL HAVE A POSITIVE IMPACT ON THE PATIENTS AND EMPLOYEES, AND THEREFORE THE COMMUNITY AND THE REGION. THE FOUNDATION DOES THIS BY IDENTIFYING AND DEVELOPING PROJECTS, RAISING MONEY TO SUPPORT THOSE PROJECTS, AND BY CAREFULLY MANAGING THE ENDOWED FUNDS ENTRUSTED TO THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREEHOUSE AT LIBERTY HOSPITAL - SINCE 2005, OVER 45,000 PATIENTS AND FAMILIES STAYED AT THE TREEHOUSE. THANKS TO THE ONGOING GENEROSITY OF INDIVIDUAL DOONORS, THIS ONE-OF-A-KIND HOSPITALITY HOUSE CONTINUES TO PROVIDE COMFORTABLE, PEACEFUL LODGING CLOSE3 TO LIBERTY HOSPITAL, REGARDLESS OF A GUEST'S ABILITY TO PAY.
THE PATIENT ASSISTANCE PROGRAM ENCOMPASSES THE FOUNDATION'S PRIMARY HEALTH CARE INITIATIVES. THE MEDICATION ASSISTANCE PROGRAM (MAP), ESTABLISHED IN 2014, PROVIDES PATIENTS WITH RESOURCES TO HELP FIND AFFORDABLE, LIFE-SUSTAINING MEDICATIONS AND ESTABLISHES PRIMARY CARE PHYSICIANS TO SUPPORT THEIR LONG-TERM HEALTH. IN 2020, 729 PATIENTS WERE SERVED. THE PROGRAM HAS EXPANDED TO PROVIDE ADDITIONAL TRANSPORTATION AND HOME HEALTH RESOURCES FOR PATIENTS ACROSS THE LIBERTY HOSPITAL AFFILIATED CLINICS AND PHYSICIAN PRACTICES. THE PROGRAM ALSO HOUSES THE STUDENT ASSISTANCE PROGRAM WHICH ALLOWS LIBERTY PUBLIC SCHOOLS TO PROVIDE VOUCHERS TO UNDERINSURED OR UNINSURED STUDENTS IN NEED OF ACUTE CARE. THE PROGRAM HAS EXPANDED TO INCLUDE THE WOMEN'S HEALTH FUND, PATIENT CARE CLOSET, TRANSLATION SERVICES TO INDIGENT PATIENTS, CO-PAYS FOR SAMUEL ROGERS HEALTH CLINIC, EMERGENCY TRANSPORTATION, AND CARDIAC REHAB SCHOLARSHIPS.
THE LIVEWELL COMMUNITY GRANT PROGRAM SUPPORTS ORGANIZATIONS WITHIN THE HOSPITAL SERVICE AREA THAT OFFER NEW, INNOVATIVE, COLLABORATIVE HEALTH AND WELLNESS PROGRAMS. THE FOCUS AREAS FOR THIS GRANT CYCLE ARE: INCREASING ACCESS TO CRITICAL CARE, PREVENTION AND REDUCTION OF CHRONIC DISEASE, AND EQUITABLY IMPROVING FOOD AND NUTRITION. $75,000 IN GRANTS WERE AWARDED IN JUNE 2020 TO FOUR GRANTEES FROM PROCEEDS OF THE LIBERTY HOSPITAL HALF MARATHON AND 5K.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Midori Carpenter Executive Director | Officer | 40 | $80,228 |
Kari Jo Thomann Bear President-Elect | OfficerTrustee | 10 | $0 |
Leisha Barry Past President | OfficerTrustee | 10 | $0 |
Charlie Hughes Secretary | OfficerTrustee | 10 | $0 |
Angela Castle President | OfficerTrustee | 10 | $0 |
Daniel Forbes Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,562 |
| Noncash contributions included in lines 1a–1f | $3,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,102 |
| Total Program Service Revenue | $0 |
| Investment income | $142,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250,596 |
| Net Income from Fundraising Events | -$132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $801,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,726 |
| Grants and other assistance to domestic individuals. | $88,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,063 |
| Compensation of current officers, directors, key employees. | $16,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,170 |
| Pension plan accruals and contributions | $7,026 |
| Other employee benefits | $10,278 |
| Payroll taxes | $18,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,131 |
| Fees for services: Other | $16,114 |
| Advertising and promotion | $863 |
| Office expenses | $26,329 |
| Information technology | $4,614 |
| Royalties | $0 |
| Occupancy | $20,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,833 |
| Insurance | $5,259 |
| All other expenses | $12,001 |
| Total functional expenses | $715,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,646 |
| Savings and temporary cash investments | $375,598 |
| Pledges and grants receivable | $36,000 |
| Accounts receivable, net | $21,133 |
| 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 | $15,108 |
| Net Land, buildings, and equipment | $16,339 |
| Investments—publicly traded securities | $6,979,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,710 |
| Total assets | $7,494,875 |
| Accounts payable and accrued expenses | $90,389 |
| Grants payable | $0 |
| Deferred revenue | $9,930 |
| 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 | $100,319 |
| Net assets without donor restrictions | $6,869,545 |
| Net assets with donor restrictions | $525,011 |
| 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 | $7,494,875 |
Grants Awarded
Over the last fiscal year, Liberty Hospital Foundation has awarded $738,678 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Liberty, MO PURPOSE: $81,226 for Patient Assistance. Additionally, a request was received to establish a genetic counseling program at Liberty Hospital. Genetic counselors evaluate a patient's risk of an inherited medical condition and are able to provide detailed explanations about specific genetic issues, available tests, and inheritance patterns. A grant of $88,000 was provided for the Genetic counseling program. | $169,226 |
Liberty, MO PURPOSE: $81,226 for Patient Assistance. Additionally, a request was received to establish a genetic counseling program at Liberty Hospital. Genetic counselors evaluate a patient's risk of an inherited medical condition and are able to provide detailed explanations about specific genetic issues, available tests, and inheritance patterns. A grant of $88,000 was provided for the Genetic counseling program. | $169,226 |
Liberty, MO PURPOSE: $81,226 for Patient Assistance. Additionally, a request was received to establish a genetic counseling program at Liberty Hospital. Genetic counselors evaluate a patient's risk of an inherited medical condition and are able to provide detailed explanations about specific genetic issues, available tests, and inheritance patterns. A grant of $88,000 was provided for the Genetic counseling program. | $169,226 |
Kansas City, MO PURPOSE: Northland Health Alliance was organized to create a collaborative effort of local health organizations to improve the health status and health outcomes of all residents in the Northland. Their $30,000 grant will support three task forces focusing on Chronic Disease, Access to Care, and Behavioral Health efforts like Crisis Intervention Trainings for local law enforcement and first responders. | $30,000 |
Kansas City, MO PURPOSE: Northland Health Alliance was organized to create a collaborative effort of local health organizations to improve the health status and health outcomes of all residents in the Northland. Their $30,000 grant will support three task forces focusing on Chronic Disease, Access to Care, and Behavioral Health efforts like Crisis Intervention Trainings for local law enforcement and first responders. | $30,000 |
Kansas City, MO PURPOSE: Northland Health Alliance was organized to create a collaborative effort of local health organizations to improve the health status and health outcomes of all residents in the Northland. Their $30,000 grant will support three task forces focusing on Chronic Disease, Access to Care, and Behavioral Health efforts like Crisis Intervention Trainings for local law enforcement and first responders. | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Liberty Hospital Foundation has recieved totaling $2,700.
| Awarding Organization | Amount |
|---|---|
Daniel G And Wanda K Odell Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Hallmark Corporate Foundation Kansas City, MO PURPOSE: GENERAL PURPOSE | $200 |
Endowment Analysis
| Beg. Balance | $5,617,021 |
| Earnings | $1,386,739 |
| Other Expense | $79,664 |
| Ending Balance | $6,924,096 |
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 |
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Childrens Hospital & Medical Center Foundation Omaha, NE | $482,957,536 | $27,549,600 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |