Stormont Vail Foundation
- Assets
- $30.2m
- Revenue
- $4.0m
- Investments
- $5.5m
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 09/1984
- Data as of
- 09/2020
- EIN
- 48-0980926
Organization Overview
Stormont Vail Foundation is located in Topeka, KS. The organization was established in 1984. 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. Stormont Vail 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 09/2020, Stormont Vail Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.1m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stormont Vail Foundation has awarded 164 individual grants totaling $2,634,236. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE CONTINUATION ON SCHEDULE O: TO PROVIDE VOLUNTARY GIFT SUPPORT FOR STORMONT-VAIL HEALTHCARE, INC. PATIENT CARE SERVICES AND COMMUNITY HEALTH EDUCATION PROGRAMS, IN SUPPORT OF HEALTHCARE'S MISSION OF "WORKING TOGETHER TO IMPROVE THE HEALTH OF OUR COMMUNITY."
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES:CONSISTENT WITH ITS MISSION, THE FOUNDATION PROVIDES STORMONT-VAIL HEALTHCARE WITH FUNDING FOR MEDICAL FACILITIES AND EQUIPMENT NEEDED TO IMPROVE THE HEALTH OF THE COMMUNITY.
PATIENT CARE AND OTHER:A MAJORITY OF PROGRAM SERVICE EXPENDITURES IN THIS CATEGORY IS FOR DISCHARGE ASSISTANCE TO STORMONT-VAIL HEALTHCARE PATIENTS WHO HAVE CRITICAL NEEDS AT THE TIME OF DISCHARGE FROM THE HOSPITAL OR TREATMENT IN OUR CLINICS. TIMELY FUNDING IS PROVIDED FOR ITEMS SUCH AS CLOTHING, PRESCRIPTION DRUGS, TRANSPORTATION NEEDS, ETC. WHERE THE PATIENTS HAVE NO OTHER SOURCES OF FUNDING.
SCHOLARSHIPS: THE FOUNDATION PROVIDES SCHOLARSHIPS FOR NURSING STUDENTS AND STUDENTS IN A VARIETY OF HEALTH-RELATED FIELDS ATTENDING UNIVERSITIES AND TECHNICAL COLLEGES THROUGHOUT THE REGION. SOME NURSING SCHOLARSHIPS HAVE MATCHING COMPONENTS UNDERWRITTEN BY THE KANSAS BOARD OF REGENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Stone Svf Treas./dir | OfficerTrustee | 4 | $0 |
Andy Tompkins Edd Chairperson | OfficerTrustee | 1 | $0 |
Miranda Carmona JD Immediate Past Chairperson | OfficerTrustee | 1 | $0 |
Amy Burns President | OfficerTrustee | 49 | $0 |
Clint Patty Vice-Chairperson | OfficerTrustee | 1 | $0 |
Michelle Schierling MD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,885,493 |
| Investment income | $858,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,052 |
| Net Income from Fundraising Events | $150,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,986,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,803 |
| 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 | $10,990 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,577 |
| Fees for services: Other | $221 |
| Advertising and promotion | $97 |
| Office expenses | $20,353 |
| Information technology | $39,732 |
| 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 | $1,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,118,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,460,440 |
| Pledges and grants receivable | $338,151 |
| 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 | $29,025 |
| Investments—publicly traded securities | $13,030,185 |
| Investments—other securities | $5,458,041 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,908,491 |
| Total assets | $30,225,124 |
| Accounts payable and accrued expenses | $87,227 |
| 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 | $46,316 |
| Total liabilities | $133,543 |
| Net assets without donor restrictions | $0 |
| 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 | $30,091,581 |
Grants Awarded
Over the last fiscal year, Stormont Vail Foundation has awarded $270,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS BOARD OF REGENTS SCHOLARSHIPS PURPOSE: FUND NURSING SCHOLARSHIPS | $92,200 |
Topeka, KS PURPOSE: COMMUNITY CHARITABLE SUPPORT ON BEHALF OF STORMONT-VAIL HEALTHCARE | $22,100 |
Topeka, KS PURPOSE: COMMUNITY CHARITABLE SUPPORT ON BEHALF OF STORMONT-VAIL HEALTHCARE | $15,000 |
Topeka, KS PURPOSE: COMMUNITY CHARITABLE SUPPORT ON BEHALF OF STORMONT-VAIL HEALTHCARE | $15,000 |
Topeka, KS PURPOSE: COMMUNITY CHARITABLE SUPPORT ON BEHALF OF STORMONT-VAIL HEALTHCARE | $11,300 |
Topeka, KS PURPOSE: COMMUNITY CHARITABLE SUPPORT ON BEHALF OF STORMONT-VAIL HEALTHCARE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Stormont Vail Foundation has recieved totaling $579,270.
| Awarding Organization | Amount |
|---|---|
Lewis Humphreys Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $530,153 |
Mark & Bette Morris Family Foundation Topeka, KS PURPOSE: COVID-19 RESPONSE | $20,000 |
Schwartz Foundation Topeka, KS PURPOSE: HEALTH CARE | $10,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,000 |
One Gas Foundation Inc Tulsa, OK PURPOSE: EMPLOYEE MATCHING GRANT | $1,000 |
Endowment Analysis
| Beg. Balance | $12,805,449 |
| Earnings | $2,304,481 |
| Net Contributions | $109,646 |
| Other Expense | $98,990 |
| Ending Balance | $15,120,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Antelope Memorial Hospital Neligh, NE | $29,095,684 | $21,690,516 |
Pawnee Valley Community Hospital Inc Larned, KS | $21,161,892 | $18,392,214 |
Ninnescah Valley Health Systems Inc Kingman, KS | $15,148,315 | $17,489,172 |
Amberwell Atchison Association Atchison, KS | $58,039,761 | $15,492,633 |
Mercy St Francis Hospital Mountain View, MO | $3,790,115 | $15,228,465 |
West Holt Memorial Hospital Atkinson, NE | $20,338,745 | $17,909,746 |
Henderson Health Care Services Inc Henderson, NE | $33,867,009 | $17,565,795 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Ascension Brighton Center For Recovery St Louis, MO | $9,421,741 | $10,396,649 |