Ephraim Mcdowell Health Care Foundation Inc
- Assets
- $13.0m
- Revenue
- $799.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Danville, KY
- Founding
- 02/1993
- Data as of
- 09/2023
- EIN
- 61-1229333
Organization Overview
Ephraim Mcdowell Health Care Foundation Inc is located in Danville, KY. The organization was established in 1993. 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 09/2023, Ephraim Mcdowell Health Care Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ephraim Mcdowell Health Care 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 09/2023, Ephraim Mcdowell Health Care Foundation Inc generated $799.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $457.4k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ephraim Mcdowell Health Care Foundation Inc has awarded 24 individual grants totaling $3,841,353. 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
THE HEALTH CARE FOUNDATION'S PRIMARY MISSION IS TO RAISE, INVEST AND DISTRIBUTE FUNDS IN SUPPORT OF THE EXEMPT PURPOSES OF EPHRAIM MCDOWELL HEALTH, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EPHRAIM MCDOWELL HEALTH CARE FOUNDATION (EMHCF) IS A 501(C)(3) ENTITY WHOSE EXEMPT PURPOSE IS TO ENHANCE THE QUALITY OF, AND ACCESS TO, HEALTH CARE IN BOYLE, CASEY, GARRARD, LINCOLN, MERCER, AND WASHINGTON COUNTIES - THE PRIMARY SERVICE AREA OF EPHRAIM MCDOWELL HEALTH (EMH). THE FOUNDATION ACCOMPLISHES THIS PURPOSE THROUGH FUNDRAISING EVENTS, DIRECT APPEAL, AND GRANT WRITING. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CFO | OfficerTrustee | 1 | $0 |
Name Not Listed President / CEO | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Chair | OfficerTrustee | 3.8 | $0 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 4 | $0 |
Name Not Listed Board Member | Trustee | 4 | $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 | $271,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,132 |
| Total Program Service Revenue | $0 |
| Investment income | $465,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$78,380 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $799,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $269,714 |
| 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. | $74,063 |
| Compensation of current officers, directors, key employees. | $22,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,124 |
| Pension plan accruals and contributions | $18 |
| Other employee benefits | $2,092 |
| Payroll taxes | $5,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,639 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,772 |
| Fees for services: Other | $4,046 |
| Advertising and promotion | $1,778 |
| Office expenses | $12,363 |
| Information technology | $17,223 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $44 |
| All other expenses | $0 |
| Total functional expenses | $457,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $582,558 |
| Pledges and grants receivable | $54,820 |
| 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 | $3,227 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,550,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850,495 |
| Total assets | $13,041,178 |
| Accounts payable and accrued expenses | $17,763 |
| 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 | $5,109,330 |
| Total liabilities | $5,127,093 |
| Net assets without donor restrictions | $7,081,368 |
| Net assets with donor restrictions | $832,717 |
| 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 | $13,041,178 |
Grants Awarded
Over the last fiscal year, Ephraim Mcdowell Health Care Foundation Inc has awarded $69,855 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EPHRAIM MCDOWELL REGIONAL MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $23,970 |
EPHRAIM MCDOWELL HEALTH INC PURPOSE: COMMUNITY SERVICES | $7,179 |
EPHRAIM MCDOWELL HEALTH RESOURCE INC PURPOSE: GENERAL SUPPORT | $38,706 |