Northwest Medical Center Foundation Inc
- Assets
- $10.8m
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, MO
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 47-3694893
Organization Overview
Northwest Medical Center Foundation Inc, operating under the name Mosaic Foundation - Albany, is located in Albany, MO. The organization was established in 2016. According to its NTEE Classification (E99) the organization is classified as: Health Care 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. Mosaic Foundation - Albany 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 06/2022, Mosaic Foundation - Albany generated $230.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $771.4k during the year ending 06/2022. 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
NORTHWEST MEDICAL CENTER FOUNDATION'S MISSION IS TO ATTRACT AND PROVIDE EXCELLENT PEOPLE, PROGRAMS, SERVICES, AND FACILITIES TO PROMOTE HEALTH, WELLNESS AND SUPERIOR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWEST MEDICAL CENTER FOUNDATION, INC. WILL SUPPORT THE FACILITY AND PROGRAM NEEDS OF THE NORTHWEST MEDICAL CENTER ASSOCIATION, INC., SEEK TO IMPROVE THE HEALTH AND WELLNESS OF AREA CITIZENS AND ENSURE A PERPETUALLY STRONG ORGANIZATIONAL FOUNDATION FOR THE PROVISION OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director/vice Chair | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,140 |
| Total Program Service Revenue | $0 |
| Investment income | $183,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $230,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $642,192 |
| 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 | $266 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,326 |
| 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 | $2,911 |
| Advertising and promotion | $1,450 |
| Office expenses | $13,948 |
| 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 | $108,290 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $771,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,283 |
| 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 | $2,903,243 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,144,913 |
| Investments—publicly traded securities | $823,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,866,041 |
| Total assets | $10,777,136 |
| Accounts payable and accrued expenses | $15,361 |
| 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 | $15,361 |
| Net assets without donor restrictions | $6,782,810 |
| Net assets with donor restrictions | $3,978,965 |
| 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 | $10,777,136 |
Grants Awarded
Over the last fiscal year, Northwest Medical Center Foundation Inc has awarded $629,192 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST MEDICAL CENTER ASSOCIATION INC (MOSAIC-ALBANY) PURPOSE: Forgiveness of Loan Principal and Interest Related to the Renovation of the Mosaic - Albany Hospital | $609,192 |
HEARTLAND FOUNDATION (MOSAIC LIFE CARE FOUNDATION) PURPOSE: Cancer Center Space for a Survivorship Clinic | $20,000 |