Labette County Medical Center Foundation Inc
- Assets
- $9.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, KS
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 48-1009259
Organization Overview
Labette County Medical Center Foundation Inc is located in Parsons, KS. The organization was established in 1987. 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. Labette County Medical Center Foundation Inc 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, Labette County Medical Center Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 32.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING TO SUPPORT PROGRAMS CENTERED AROUND THE MISSION OF LABETTE HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE, EQUIPMENT, AND FACILITIES TO LABETTE COUNTY MEDICAL CENTER, D/B/A LABETTE HEALTH, TO SUPPORT THE PROGRAMS OF LABETTE HEALTH.
TO PROVIDE SCHOLARSHIPS FOR HEALTH CARE STUDENTS.
TO PROVIDE EMERGENCY ASSISTANCE FOR LABETTE HEALTH EMPLOYEES.
TO PROVIDE MISCELLANEOUS ASSISTANCE AND GRANTS TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Vaughan Executive Director | Officer | 40 | $118,920 |
Corey Hugo Vice President | OfficerTrustee | 1 | $0 |
Dr Robert Gibbs President | OfficerTrustee | 1 | $0 |
Senta Meister Treasurer | OfficerTrustee | 1 | $0 |
Alice Beachner Secretary | OfficerTrustee | 1 | $0 |
Gene Rexwinkle Director Through Oct. 2021 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,700,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,736,869 |
| Total Program Service Revenue | $600,000 |
| Investment income | $9,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,375,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $756,855 |
| Grants and other assistance to domestic individuals. | $20,068 |
| 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 | $0 |
| 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 | $1,990 |
| Fees for services: Other | $29,061 |
| Advertising and promotion | $0 |
| Office expenses | $727 |
| 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 | $135,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,708 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,345,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,549 |
| Savings and temporary cash investments | $2,479,354 |
| Pledges and grants receivable | $1,203,897 |
| 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 | $4,544,766 |
| Investments—publicly traded securities | $439,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,083 |
| Total assets | $9,220,622 |
| 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 | $5,522,957 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,522,957 |
| Net assets without donor restrictions | -$180,136 |
| Net assets with donor restrictions | $3,877,801 |
| 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 | $9,220,622 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Labette County Medical Center Foundation Inc has recieved totaling $66,976.
| Awarding Organization | Amount |
|---|---|
Labette County Medical Center Parsons, KS PURPOSE: Consulting expenses and other assistance | $36,173 |
Parsons Area Community Foundation Parsons, KS PURPOSE: KIDS PROGRAMMING | $23,000 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO HEALTH & HUMAN SERVICES AGENCY | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Childrens Mercy Hospital Foundation Kansas City, MO | $285,526,486 | $23,418,206 |
Ozarks Coca-Cola Dr Pepper Bottling Company Group Health Care Trust Springfield, MO | $7,831,308 | $12,060,028 |
Ascension St John Foundation St Louis, MO | $103,759,239 | $15,321,918 |