Lmh Health Foundation
- Assets
- $32.2m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 02/1971
- Data as of
- 12/2023
- EIN
- 48-0771515
Organization Overview
Lmh Health Foundation is located in Lawrence, KS. The organization was established in 1971. 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. Lmh 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 12/2023, Lmh Health Foundation generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LMH HEALTH FOUNDATION INSPIRES COMMUNITY AND PHILANTHROPIC SUPPORT TO STRENGTHEN LMH HEALTH AS A PARTNER FOR LIFELONG HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANCER CENTER -- DONORS PROVIDE MORE THAN 7 MILLON FOR CANCER CENTER EXPANSION. IMPROVEMENTS TO THE LMH HEALTH CANCER CENTER WILL BEGIN SOON. THE RENOVATIONS WILL CREATE AN ENVIRONMENT THAT CULTIVATES HEALING, IS FOCUSED ON A PATIENT-FIRST EXPERIENCE AND IS REFLECTIVE OF THE EXTRAORDINARY CARE WITHIN THE SPACE. REMODELING COSTS ARE EXPECTED TO BE 1112 MILLION; LMH HEALTH FOUNDATION HAS RECEIVED MORE THAN 7.2 MILLION IN SUPPORT AND CONTINUES TO GRATEFULLY ACCEPT CONTRIBUTIONS. WORK IS SCHEDULED TO BE FINISHED IN 2025. THE MULTI-ACCREDITED CENTER IS A REGIONAL DESTINATION FOR PROGRESSIVE, INTEGRATED HEMATOLOGY AND ONCOLOGY CARE. IT IS HOME TO NUMEROUS CLINICAL TRIALS, HIGH-RISK AND GENETIC SCREENING, AND A COMPREHENSIVE SURVIVORSHIP PROGRAM.
PATIENT-CENTERED TECHNOLOGY INITIATIVES, SUCH AS A POSITRON EMISSION TOMOGRAPHY (PET) SCANNER, EXEMPLIFY HEALTHCARE SERVICES AT LMH HEALTH. A PET SCAN IS INVALUABLE TO STAGING A CANCER DIAGNOSIS AND IN EVALUATING THE EFFECTIVENESS OF TREATMENT. FOR CARDIOLOGY PATIENTS, PET PROVIDES ENHANCED IMAGING TO DIAGNOSE HEART DISEASE AND ASSESS DAMAGE TO HEART MUSCLE. HAVING THIS EQUIPMENT PERMANENTLY ON SITE MEANS PATIENTS DON'T HAVE TO TRAVEL AS FAR AND RESULTS CAN BE AVAILABLE FASTER. GENEROUS DONOR GIFTS TO THE LMH HEALTH FOUNDATION MADE THESE LEADING-EDGE SERVICES POSSIBLE. LMH HEALTH FOUNDATION'S COMMITMENT TO SUPPORTING ADVANCES IN PATIENT-CENTERED TECHNOLOGY STARTED IN 2023 AND WILL CONTINUE IN 2024. THE FOUNDATION ALSO PROVIDED FUNDING FOR OTHER CAPITAL ITEMS TO SUPPORT PATIENT SERVICES, SUCH AS PEDIATRIC DRILLS, BLOOD ANALYZER, ULTRASOUND, REMODEL FOR THE EMERGENCY DEPARTMENT, A WHEELCHAIR LIFT FOR THE ROOFTOP GARDEN AND MUCH MORE.
ADVANCING HEALTH EQUITY -- HELP AND HEALING FUND WHERE DONOR SUPPORT ENSURES THAT PATIENTS WITH FINANCIAL BARRIERS HAVE THE MEDICATIONS, MEDICAL EQUIPMENT, TRANSPORTATION, MEDICATION FOR SEXUAL ASSAULT SURVIVORS AND OTHER RESOURCES THAT ARE VITAL TO THEIR RECOVERY; THE LEADERSHIP ACADEMY IS A COLLABORATION AMONG USD 497, LMH HEALTH AND THE LMH HEALTH FOUNDATION. THE PROGRAM OFFERS A PAID EIGHT-WEEK MENTORSHIP, INTRODUCING HIGH SCHOOL STUDENTS TO CAREERS IN HEALTHCARE. IT FOCUSES ON STUDENTS FROM TRADITIONALLY UNDERREPRESENTED BACKGROUNDS IN HEALTHCARE, WHICH IS PART OF OUR ONGOING EFFORTS TO ADDRESS INEQUITY IN HEALTHCARE. THE ACADEMY IS FUNDED BY COMMUNITY DONATIONS TO THE LMH HEALTH FOUNDATION; DONOR FUNDS PROVIDED 41,000+ WORTH OF FREE MAMMOGRAMS AND SUPPORT KITS FOR PATIENTS IN NEED IN 2023. IN 2023, LMH HEALTH FOUNDATION AWARDED 46 SCHOLARSHIPS AND OTHER PROFESSIONAL DEVELOPMENT OPPORTUNITIES TOTALING NEARLY 88,000 TO OUR HARDWORKING EMPLOYEES AND STUDENTS. GIFTS FROM OUR GENEROUS DONORS MAKE IT POSSIBLE TO SUPPORT THESE INDIVIDUALS WHO ARE FURTHERING THEIR EDUCATION IN HEALTHCARE AND RELATED FIELDS. THE FOUNDATION ALSO PROVIDED FUNDING FOR TO SUPPORT THE PATIENT VALET PROGRAM THAT 1,300 CARS PARKED FOR PATIENTS WITH MOBILITY ISSUES OR FRAGILE HEALTH CONDITIONS. OTHER HEALTH EQUITY-CENTERED PROGRAMS FUNDED BY THE FOUNDATION INCLUDES CARE FUND TO SUPPORT EMPLOYEES IN NEED, CATCH-A-BREAK AND MARIOS CLOSET TO SUPPORT PATIENTS WITH CANCER, SUPPORT FOR CHRONIC CARE MANAGEMENT FOR PATIENTS WITH MOBILITY AND FINANCIAL LIMITATIONS AND CHARITABLE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Vick President | OfficerTrustee | 2 | $0 |
Cindy Yulich Vice Preside | OfficerTrustee | 2 | $0 |
Teresa Kempf Treasurer | OfficerTrustee | 2 | $0 |
Joan Golden Secretary | OfficerTrustee | 2 | $0 |
Mark Gonzales Past Preside | OfficerTrustee | 2 | $0 |
Marilyn Dobski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,174 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,869,112 |
| Noncash contributions included in lines 1a–1f | $628,046 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,985,286 |
| Total Program Service Revenue | $0 |
| Investment income | $563,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,440,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,989,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,628,656 |
| Grants and other assistance to domestic individuals. | $40,108 |
| 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 | $406,507 |
| 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 | $101,451 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,585 |
| 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 | $3,404,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,257,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,446,851 |
| 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 | $0 |
| Investments—publicly traded securities | $22,878,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,629,120 |
| Total assets | $32,212,038 |
| Accounts payable and accrued expenses | $5,964 |
| 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 | $5,964 |
| Net assets without donor restrictions | $14,142,563 |
| Net assets with donor restrictions | $18,063,511 |
| 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 | $32,212,038 |