Prairie Lakes Health Care Foundation
- Assets
- $5.5m
- Revenue
- $667.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, SD
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 46-0350240
Organization Overview
Prairie Lakes Health Care Foundation is located in Watertown, SD. The organization was established in 1980. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Prairie Lakes Health Care 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 12/2021, Prairie Lakes Health Care Foundation generated $667.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $195.1k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT AND ADVANCE THE HEALTH SERVICES AVAILABLE TO THE WATERTOWN, SD AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES COMMUNITY HEALTH AND WELLNESS EDUCATION TO PROMOTE THE WELL-BEING OF THE GENERAL PUBLIC. THE FOUNDATION DISTRIBUTES THE NET ASSETS TO ACCOMPLISH THE OBJECTIVE IDENTIFIED ABOVE.
THE SUZANNE JACOBSON MEMORIAL FUND (SJMF) WAS ESTABLISHED IN HONOR OF A WATERTOWN PHYSICIAN ASSISTANT, SUZANNE JACOBSON. SUZANNE SPENT HER ADULT LIFE INVOLVED IN THE HEALING ARTS. THROUGH HER HEALTHCARE CAREER SHE POSITIVELY IMPACTED THE LIVES OF MANY PEOPLE THOUGH HER CARE, CONCERN AND PROFESSIONALISM. SUZANNE LOST A LONG BATTLE WITH CANCER IN 1998. HER FAMILY AND FRIENDS ESTABLISHED THE SJMF AS A WAY TO CONTINUE HER CARING BY HELPING PEOPLE WITH A LIFE THREATENING ILLNESS THAT FACE MEDICAL FINANCIAL STRESS. SINCE ITS INCEPTION IN 1999, THE SJMF HAS PROVIDED APPROXIMATELY $452,653 THROUGH 824 GRANTS. THESE GRANTS ARE DISTRIBUTED THROUGHOUT A 10 COUNTY SERVICE AREA IN NORTHEAST SOUTH DAKOTA AND NORTHWEST MINNESOTA.THROUGH THIS SPECIAL MEMORIAL FUND, $500 OR $1,000 IS AVAILABLE TO INDIVIDUALS MEETING FUND CRITERIA. AN INDIVIDUAL MUST HAVE A LIFE THREATENING ILLNESS AND MEET FINANCIAL NEED TO RECEIVE A GRANT. THE SUZANNE JACOBSON MEMORIAL FUND (SJMF) CAN ASSIST WITH FUNDS FOR EXPENSES SUCH AS MEDICAL BILLS, TRANSPORTATION COSTS, GROCERIES, RENT, MEDICATIONS, AND UTILITIES. EACH APPLICANT MUST COMPLETE AN APPLICATION, WHICH IS REQUIRED BY LAW. A COMMITTEE VOTES ON WHO RECEIVES A GRANT BASED ON NEED AND ELIGIBILITY. NON-IDENTIFYING APPLICANT INFORMATION IS PRESENTED TO COMMITTEE MEMBERS AND STRICT CONFIDENCE IS EXERCISED THROUGHOUT THE SELECTION PROCESS.THE SJMF DESIGNATES A WEEK IN JUNE AS YELLOW ROSE WEEK IN WATERTOWN AND SURROUNDING COMMUNITIES SUCH AS MILBANK, SISSETON, CLARK, CLEAR LAKE, SOUTH SHORE AND WAVERLY. VOLUNTEERS SELL YELLOW ROSES TO RAISE MONEY FOR THIS FUND. YELLOW ROSE WEEK IS THE PRIMARY MEANS OF FINANCING THE SJMF. DURING YELLOW ROSE WEEK OTHER FUNDRAISERS MAY OCCUR.
THE BASH (BUILDING A SUPERIOR HOSPITAL) GALA EVENT IS HELD ANNUALLY. A PARTICULAR CAUSE IS SELECTED TO RAISE MONEY FOR RELATED TO IMPROVING AND ENHANCING HEALTHCARE SERVICES THROUGH PRAIRIE LAKES HEALTHCARE SYSTEM. THIS EVENT IS PARTIALLY SUPPORTED THROUGH DONATIONS AND IS COORDINATED BY THE OFFICE OF THE FOUNDATION AND A COMMITTEE OF PRAIRIE LAKES HEALTHCARE SYSTEM VOLUNTEERS AND COMMUNITY INDIVIDUALS. THE BASH CAUSE IN 2021 WAS PULMONOGY. THIS CAUSE WAS A CARRYOVER FROM THE POST PONED EVENT IN 2020 DUE TO COVID. THIS EVENT WAS HELD ONLINE DUE TO COVID.
CANCER CENTER, CARING CLUB HOUSE, AND CHRISTY KINNEY "PAY IT FORWARD" GRANTS/DISTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carina Little Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dan Raderschadt President | OfficerTrustee | 1 | $0 |
Hugh Bartels Vice President (thru Jan 2021) | OfficerTrustee | 1 | $0 |
Kc Deboer Ex Official (thru Sep 2021) | Officer | 1 | $0 |
Lisa Dahl Executive Director | Officer | 40 | $0 |
Pam Raeder Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,296 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,569 |
| Total Program Service Revenue | $0 |
| Investment income | $55,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $410,448 |
| Net Income from Fundraising Events | -$14,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $667,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,710 |
| Grants and other assistance to domestic individuals. | $49,596 |
| 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 | $89,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284 |
| Advertising and promotion | $405 |
| Office expenses | $13,531 |
| 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 | $10,084 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,976 |
| Savings and temporary cash investments | $949,448 |
| 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 | $54,000 |
| Investments—publicly traded securities | $4,467,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,369 |
| Total assets | $5,492,948 |
| Accounts payable and accrued expenses | $47,482 |
| 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 | $47,482 |
| Net assets without donor restrictions | $4,692,302 |
| Net assets with donor restrictions | $753,164 |
| 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 | $5,492,948 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prairie Lakes Health Care Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
Nebraska Methodist Health System Inc Omaha, NE | $1,257,543,382 | $79,579,701 |
Glencoe Regional Health Services Glencoe, MN | $129,617,347 | $77,673,503 |
Sanford Sioux Falls, SD | $665,368,621 | $12,274,166 |
Benedictine Health System Minneapolis, MN | $153,472,496 | $53,035,199 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Centracare Health System-Long Prairie Long Prairie, MN | $62,306,209 | $40,776,847 |
Mayo Clinic Lake City, MN | $39,703,752 | $42,659,598 |
Memorial Community Hospital Corporation Blair, NE | $56,275,818 | $44,044,678 |
Fall River Health Services Hot Springs, SD | $41,959,122 | $31,885,192 |
Northland Pace Program Bismarck, ND | $14,541,053 | $17,955,640 |
Community Health Care Center Incorporated Great Falls, MT | $7,920,286 | $18,862,476 |