Dakota Hospital Association And Foundation
- Assets
- $7.1m
- Revenue
- $362.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Vermillion, SD
- Founding
- 10/1937
- Data as of
- 04/2022
- EIN
- 46-0226067
Organization Overview
Dakota Hospital Association And Foundation is located in Vermillion, SD. The organization was established in 1937. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Dakota Hospital Association And 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, Dakota Hospital Association And Foundation generated $362.7k 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 (16.7%) each year. All expenses for the organization totaled $95.1k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OFFERS A BROAD RANGE OF SERVICES TO THE LOCAL COMMUNITY OF VERMILLION, SOUTH DAKOTA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-CASH FINANCIAL DEPRECIATION OF ASSETS HELD FOR PROGRAM FUNCTIONAL USE.
SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Howe President | OfficerTrustee | 1 | $0 |
John Prescott Past President | OfficerTrustee | 1 | $0 |
Paul Preister Secretary/treasurer | OfficerTrustee | 1 | $0 |
Katherine Price Vice President | OfficerTrustee | 1 | $0 |
Julie Heine Board Member | Trustee | 1 | $0 |
Tom Overby Board Member | 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 | $74,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,098 |
| Total Program Service Revenue | $0 |
| Investment income | $276,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,940 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $8,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,454 |
| 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 | $9,639 |
| Insurance | $1,521 |
| All other expenses | $0 |
| Total functional expenses | $95,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,235 |
| Savings and temporary cash investments | $0 |
| 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 | $197,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,738,385 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,077,333 |
| Accounts payable and accrued expenses | $1,475 |
| 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 | $1,475 |
| Net assets without donor restrictions | $6,833,643 |
| Net assets with donor restrictions | $242,215 |
| 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 | $7,077,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dakota Hospital Association And Foundation has recieved totaling $100,500.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: Becky and David Nelson endowment | $100,500 |
Endowment Analysis
| Beg. Balance | $185,588 |
| Earnings | $19,539 |
| Net Contributions | $6,553 |
| Grants | $7,975 |
| Ending Balance | $203,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
D&t Facility Management Company St Paul, MN | $0 | $9,375,360 |
Big Sky Care Connect Helena, MT | $6,904,453 | $12,066,053 |
Nuway Alliance Minneapolis, MN | $20,306,360 | $15,942,429 |
Immanuel Home & Community Resources Omaha, NE | $6,515,187 | $2,989,245 |
Bullhook Qalicb Inc Havre, MT | $0 | $7,136,046 |
Central Iowa Health Properties Corporation Des Moines, IA | $56,150,433 | $5,306,089 |
Otto Schoitz Foundation Waterloo, IA | $68,331,413 | $12,915,755 |
Mbp Facility Llc Minneapolis, MN | $33,492,901 | $0 |
Yellowstone Health Partnership Billings, MT | $26,859,106 | $2,464,131 |
Simulation In Motion Montana Inc Helena, MT | $240,746 | $621,657 |
Wilderness Health Two Harbors, MN | $1,715,347 | $1,435,030 |
Ronald Mcdonald House Charities Of Western Montana Missoula, MT | $4,233,572 | $700,953 |