Canton-Inwood Area Health Foundation
- Assets
- $4.1m
- Revenue
- $420.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Canton, SD
- Founding
- 08/1950
- Data as of
- 04/2023
- 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 04/2023, Canton-Inwood Area Health Foundation generated $420.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $56.3k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Canton-Inwood Area Health Foundation has awarded 21 individual grants totaling $1,470,910. 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
2023
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 |
|---|---|---|---|
Nancy Bitterman Chairman Until 02/2023 | OfficerTrustee | 0.5 | $0 |
Sterling Heath Vice Chairman/chariman From 03/2023 | OfficerTrustee | 0.5 | $0 |
Rebecca Bixler Sec-Treasurer | OfficerTrustee | 0.5 | $0 |
Alison Nelson Director | Trustee | 0.5 | $0 |
Robert Hall Director From 03/2023 | Trustee | 0.5 | $0 |
Terry Majeres Director/vice Chairman From 03/2023 | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,278 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,502 |
| Total Program Service Revenue | $0 |
| Investment income | $44,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$705 |
| Net Gain/Loss on Asset Sales | $368,981 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,530 |
| 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 | $140 |
| Fees for services: Accounting | $9,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,065 |
| Fees for services: Other | $1,118 |
| Advertising and promotion | $0 |
| Office expenses | $2,146 |
| 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 | $56,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $462,641 |
| 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 | $1,675,045 |
| Investments—other securities | $1,920,381 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,058,067 |
| Accounts payable and accrued expenses | $15,174 |
| 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 | $15,174 |
| Net assets without donor restrictions | $4,041,665 |
| Net assets with donor restrictions | $1,228 |
| 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 | $4,058,067 |
Grants Awarded
Over the last fiscal year, Canton-Inwood Area Health Foundation has awarded $382,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SANFORD HEALTH NETWORK DBA SANFORD CANTON-INWOOD MEDICAL CTR 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 |
KINGDOM KIDS COMMUNITY DAYCARE PURPOSE: GREEN SPACE | $7,000 |