Fremont Health Foundation
- Assets
- $10.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, NE
- Founding
- 03/1977
- Data as of
- 12/2021
- EIN
- 47-0585359
Organization Overview
Fremont Health Foundation is located in Fremont, NE. The organization was established in 1977. 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. Fremont 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 12/2021, Fremont Health Foundation generated $1.1m 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 (6.1%) each year. All expenses for the organization totaled $396.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCEPT AND MANAGE DONATIONS FOR PROGRAMS BENEFITING METHODIST FREMONT HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING FOR THE FOUNDATION'S SUPPORTING ORGANIZATION, METHODIST FREMONT HEALTH, FOR A GAME ROOM IN DUNKLAU GARDEN, AND OTHER PROGRAMS.
SCHOLARSHIPS AWARDED TO STUDENTS INTERESTED IN CONTINUING THEIR STUDIES IN THE MEDICAL FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Benson Secretary | OfficerTrustee | 2 | $0 |
Chuck Johannsen Vice Preside | OfficerTrustee | 2 | $0 |
Merritt Nelson President | OfficerTrustee | 2 | $0 |
Chris Venteicher Treasurer | OfficerTrustee | 2 | $0 |
Tammy Chromy Executive As | Officer | 20 | $0 |
Shawn Shanahan Executive Di | Officer | 40 | $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 | $578,518 |
| Noncash contributions included in lines 1a–1f | $21,092 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,518 |
| Total Program Service Revenue | $0 |
| Investment income | $195,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $284,705 |
| Net Income from Fundraising Events | $37,848 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,096,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $227,935 |
| Grants and other assistance to domestic individuals. | $20,500 |
| 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 | $75,114 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,412 |
| Fees for services: Other | $1,032 |
| Advertising and promotion | $2,942 |
| Office expenses | $580 |
| Information technology | $4,606 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $249 |
| 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 | $396,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,000 |
| 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 | $14,450 |
| Investments—publicly traded securities | $10,259,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,645,532 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $7,519,381 |
| Net assets with donor restrictions | $3,126,151 |
| 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 | $10,645,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fremont Health Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Debby Durham Family Foundation Omaha, NE PURPOSE: GENEARL OPERATING FUNDS | $15,000 |
Endowment Analysis
| Beg. Balance | $846,610 |
| Earnings | $95,054 |
| Net Contributions | $500 |
| Grants | $5,618 |
| Ending Balance | $936,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
Newton Healthcare Corporation Newton, KS | $117,996,443 | $104,642,864 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Labette County Medical Center Parsons, KS | $105,070,673 | $101,559,622 |
St Anthony Regional Hospital And Nursing Home Carroll, IA | $221,133,827 | $96,228,816 |
Beatrice Community Hospital & Health Center Inc Beatrice, NE | $102,767,700 | $87,662,561 |
Mosaic Medical Center - Maryville Saint Joseph, MO | $38,239,596 | $87,440,620 |
Southwest Medical Center Liberal, KS | $107,680,952 | $90,025,619 |
Mercy Hospital Lebanon Lebanon, MO | $18,431,001 | $100,116,639 |
Saint Lukes Hospital Of Chillicothe Chillicothe, MO | $82,274,802 | $65,925,999 |
Cameron Regional Medical Center Inc Cameron, MO | $104,254,147 | $82,630,579 |