Wright Memorial Endowment Fund

Organization Overview

Wright Memorial Endowment Fund is located in Chillicothe, MO. The organization was established in 0000. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Wright Memorial Endowment Fund 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, Wright Memorial Endowment Fund generated $197.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $154.9k during the year ending 12/2022. While expenses have increased by 1.5% 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 PROVIDE FINANCIAL SUPPORT TO THE JB WRIGHT CHARITABLE TRUST, A TAX-EXEMPT ORGANIZATION. TO OFFSET THEIR OPERATING DEFICITS AND TO MAKE CAPITAL IMPROVEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM SERVICES CONSIST OF GRANTS TO JB WRIGHT CHARITABLE TRUST, A TAX-EXEMPT ORGANIZATION WHOSE GRANTS ASSIST WITH WRIGHT MEMORIAL HOSPITALS OPERATING DEFICIT AND THE FUNDING OF EQUIPMENT, CAPITAL IMPROVEMENTS OR ADDITIONS. A PERCENT OF TRUSTEE FEE IS ALLOCATED TO PROGRAM SERVICE. THE TRUSTEE ESTIMATES THAT ONE-HALF OF THEIR TIME IS ALLOCABLE TO PROGRAM SERVICES OF THIS TRUST INCLUDING DISBURSEMENT OF FUNDS IN SUPPORT OF JB WRIGHT CHARITABLE TRUST.


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $124,786
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $72,383
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $197,169

Endowment Analysis

Beg. Balance$5,211,296
Earnings$197,169
Admin Expense$74,940
Grants$79,972
Ending Balance$5,253,553

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