Canton-Inwood Area Health Foundation
- Assets
- $3.8m
- Revenue
- $96.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Canton, SD
- Founding
- 08/1950
- Data as of
- 04/2022
- EIN
- 46-0210400
Organization Overview
Canton-Inwood Area Health Foundation is located in Canton, SD. The organization was established in 1950. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton-Inwood Area Health 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 04/2022, Canton-Inwood Area Health Foundation generated $96.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $425.1k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Canton-Inwood Area Health Foundation has awarded 26 individual grants totaling $1,536,661. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHILANTHROPIC SUPPORT FOR SANFORD CANTON-INWOOD MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD INVESTMENTS IN SUPPORT OF HEALTH CARE SERVICES IN THE CANTON-INWOOD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Mccann Vice Chairman (left 02/2022) | OfficerTrustee | 0.5 | $0 |
Nancy Bitterman Chairman | OfficerTrustee | 0.5 | $0 |
Sterling Heath Director/vice Chairman (begin 03/2022) | OfficerTrustee | 0.5 | $0 |
Rebecca Bixler Director/sec-Treasurer (begin 03/2022) | OfficerTrustee | 0.5 | $0 |
Laurel Reinke Secretary/treasurer (left 02/2022) | OfficerTrustee | 0.5 | $0 |
Scott Larson Executive Director | Officer | 1.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,905 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,426 |
| Total Program Service Revenue | $0 |
| Investment income | $38,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,936 |
| Net Gain/Loss on Asset Sales | $25,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $390,922 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $10,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,621 |
| Fees for services: Other | $10,637 |
| Advertising and promotion | $0 |
| Office expenses | $2,401 |
| 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 | $425,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,050 |
| 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 | $85,248 |
| Investments—publicly traded securities | $1,671,909 |
| Investments—other securities | $1,907,093 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,769,300 |
| Accounts payable and accrued expenses | $55,297 |
| 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 | $55,297 |
| Net assets without donor restrictions | $3,712,800 |
| Net assets with donor restrictions | $1,203 |
| 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 | $3,769,300 |
Grants Awarded
Over the last fiscal year, Canton-Inwood Area Health Foundation has awarded $382,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: ASSIST WITH A NEW AMBULANCE GARAGE. | $350,000 |
CITY OF CANTON PURPOSE: KENNEY PARK PLAYGROUND EQUIPMENT/POOL SPONSORSHIP | $15,000 |
CITY OF INWOOD PURPOSE: LILY PADS FOR POOL | $10,000 |
Inwood, IA PURPOSE: GREEN SPACE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canton-Inwood Area Health Foundation has recieved totaling $96.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Endowment Analysis
| Beg. Balance | $2,056,461 |
| Earnings | -$149,368 |
| Ending Balance | $1,907,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Bozeman Deaconess Foundation Bozeman, MT | $46,305,218 | $4,373,861 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |