Stuttgart Memorial Hospital Foundation
- Assets
- $3.3m
- Revenue
- $399.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stuttgart, AR
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 71-6046464
Organization Overview
Stuttgart Memorial Hospital Foundation is located in Stuttgart, AR. The organization was established in 1967. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stuttgart Memorial Hospital 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 12/2022, Stuttgart Memorial Hospital Foundation generated $399.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $276.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TUITION ASSISTANCE PAYMENTS TO MEDICAL STUDENTS WHO HAVE COMMITTED TO RETURNING TO THE STUTTGART AREA TO PRACTICE MEDICINE. THE FOUNDATION IS ACTIVE IN RECRUITMENT OF PHYSICIANS, MEDICAL SCHOOL STUDENT TUITION MATCH, AND COMMUNITY EDUCATION.
Describe the Organization's Program Activity:
TUITION ASSISTANCE PAYMENTS TO MEDICAL STUDENTS WHO HAVE COMMITTED TO RETURNING TO THE STUTTGART AREA TO PRACTICE MEDICINE. THE FOUNDATION IS ACTIVE IN RECRUITMENT OF PHYSICIANS, MEDICAL SCHOOL STUDENT TUITION MATCH, AND COMMUNITY EDUCATION.
TUITION ASSISTANCE PAYMENTS TO MEDICAL STUDENTS WHO HAVE COMMITTED TO RETURNING TO THE STUTTGART AREA TO PRACTICE MEDICINE. THE FOUNDATION IS ACTIVE IN RECRUITMENT OF PHYSICIANS, MEDICAL SCHOOL STUDENT TUITION MATCH, AND COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Blasengame Director | Trustee | $0 | |
Garland Derden Director | Trustee | $0 | |
David Leech Chairman | OfficerTrustee | $0 | |
Chris Morgan Director | Trustee | $0 | |
Benny Petrus Director | Trustee | $0 | |
Dan Rieke Secretary/tr | OfficerTrustee | $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 | $61,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,600 |
| Total Program Service Revenue | $263,200 |
| Investment income | $30,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $4,019 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,900 |
| Advertising and promotion | $0 |
| Office expenses | $39,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,575 |
| Insurance | $23,665 |
| All other expenses | $1,000 |
| Total functional expenses | $276,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,455,321 |
| Investments—publicly traded securities | $1,834,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,290,037 |
| 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 | $626,159 |
| Total liabilities | $626,159 |
| Net assets without donor restrictions | $2,663,878 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,290,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Educatiion & Research Instutute Memphis, TN | $26,497,278 | $16,524,013 |
Musser-Davis Land Company Kansas City, MO | $19,614,975 | $3,046,103 |
Tarrant County Academy Of Medicine Fort Worth, TX | $5,154,440 | $372,124 |
Health Occupations Students Of America Nashville, TN | $498,356 | $457,528 |
Stuttgart Memorial Hospital Foundation Stuttgart, AR | $3,290,037 | $399,616 |
Grace P Rose Charitable Foundation Trust Dallas, TX | $1,245,100 | $47,155 |
Oklahoma Educational Foundation For Osteopathic Medicine Oklahoma City, OK | $435,716 | $68,017 |
Oklahoma Health Sciences Facility Oklahoma City, OK | $2,050,067 | $30,417 |
Medical Education Foundation For Arkansas Little Rock, AR | $802,974 | $4,533 |