Gothenburg Memorial Hospital Foundation
- Assets
- $1.1m
- Revenue
- $272.8k
- Investments
- $323.9k
- Employees
- 0
- Location
- Gothenburg, NE
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 47-0652141
Organization Overview
Gothenburg Memorial Hospital Foundation is located in Gothenburg, NE. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Gothenburg Memorial Hospital 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, Gothenburg Memorial Hospital Foundation generated $272.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $67.0k during the year ending 12/2021. 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
FUNDING NEEDS OF GOTHENBURG HEALTH AND OTHER ORGANIZATIONS FOCUSED ON HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT FOR HOSPITAL
PROVIDE SCHOLARSHIPS TO QUALIFIED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Randecker President | OfficerTrustee | $0 | |
Mick Brant Vice-Preside | OfficerTrustee | $0 | |
Colton Venteicher Secretary | OfficerTrustee | $0 | |
Sara Hecox Treasurer | OfficerTrustee | $0 | |
Ross Ristine Director | Trustee | $0 | |
Jackie Anderson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,418 |
| Investment income | $11,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,530 |
| Net Income from Fundraising Events | $25,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 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 | $980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,445 |
| Office expenses | $0 |
| 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 | $66,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,474 |
| Savings and temporary cash investments | $9,818 |
| 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 |
| Investments—publicly traded securities | $519,073 |
| Investments—other securities | $323,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,275 |
| 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 | $1,088,275 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,088,275 |
Grants Awarded
Over the last fiscal year, Gothenburg Memorial Hospital Foundation has awarded $117,289 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOTHENBURG MEMORIAL HOSPITAL | | | $45,000 |
YMCA | | | $72,289 |