Mary Lanning Hospital Trust
- Assets
- $18.4m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Hastings, NE
- Founding
- 08/1935
- Data as of
- 12/2023
- EIN
- 47-6000224
Organization Overview
Mary Lanning Hospital Trust is located in Hastings, NE. The organization was established in 1935. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Mary Lanning Hospital Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Lanning Hospital Trust 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 12/2023, Mary Lanning Hospital Trust generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $7.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Mary Lanning Hospital Trust has awarded 18 individual grants totaling $8,772,455. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARILY TO PROVIDE SUPPORT FOR A TAX-EXEMPT ORGANIZATION, MARY LANNING HEALTHCARE AND AN ORGANIZATION, WHICH IS CONTROLLED BY MARY LANNING HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION SET UP TO SUPPORT MARY LANNING HEALTHCARE AND SUNNYSIDE, INC. WHICH IS CONTROLLED BY MARY LANNING HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fisher Vice President | OfficerTrustee | 1 | $0 |
Jeff Anderson Director | Trustee | 1 | $0 |
Mike Allen Sec/treas | OfficerTrustee | 40 | $152,800 |
Clarence M Anderson Jr President | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $327,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,556,664 |
| Net Gain/Loss on Asset Sales | $7,106,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,990,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,943,432 |
| 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. | $152,800 |
| Compensation of current officers, directors, key employees. | $152,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,383 |
| Pension plan accruals and contributions | $11,283 |
| Other employee benefits | $31,322 |
| Payroll taxes | $42,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,979 |
| Fees for services: Accounting | $14,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,656 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,807 |
| 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 | $5,705 |
| All other expenses | $0 |
| Total functional expenses | $7,395,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,140 |
| Savings and temporary cash investments | $4,021,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $1,500,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,185,795 |
| Investments—publicly traded securities | $10,529,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $412,900 |
| Total assets | $18,436,576 |
| 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 | $2,865,213 |
| Net assets with donor restrictions | $15,571,363 |
| 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 | $18,436,576 |
Grants Awarded
Over the last fiscal year, Mary Lanning Hospital Trust has awarded $2,415,627 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARY LANNING HEALTHCARE PURPOSE: GENERAL SUPPORT, OPERATIONS OF HOSPITAL & MAINTAIN HOSPITAL PROPERTY | $2,250,627 |
SUNNYSIDE INC PURPOSE: CHARITABLE ACTIVITIES OF MARY LANNING HEALTHCARE | $165,000 |