Platte Valley Medical Center Foundation
- Assets
- $3.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, CO
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 74-2255936
Organization Overview
Platte Valley Medical Center Foundation is located in Brighton, CO. The organization was established in 1983. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte Valley Medical Center 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, Platte Valley Medical Center Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 15.0% per year over the past 9 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
HELPING PEOPLE LIVE THE HEALTHIEST LIVES POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLATTE VALLEY MEDICAL CENTER FOUNDATION IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO SUPPORT THE PROGRAMS AND SERVICES OF PLATTE VALLEY MEDICAL CENTER (PVMC). FOR OVER 30 YEARS, CHARITABLE CONTRIBUTIONS HAVE HELPED ADD NEW TECHNOLOGY, BRING NEW SERVICES TO THE COMMUNITY AND GREATLY ENHANCE THE COMFORT AND CARE OF PATIENTS AND FAMILIES SERVED.PLATTE VALLEY MEDICAL CENTER IS A REFLECTION OF THE ENERGY AND PIONEERING SPIRIT OF A PASSIONATE COMMUNITY. THIS COMMUNITY RALLIED TOGETHER IN 1958, FORMED AN ARMY OF LOCAL RESIDENTS, AND WENT DOOR TO DOOR TO RAISE FUNDS FOR THE CONSTRUCTION OF A NEW HOSPITAL. IN 1960, PVMC BECAME THE FIRST PRIVATE GENERAL MEDICAL-SURGICAL HOSPITAL IN ADAMS AND SOUTHERN WELD COUNTIES.PLATTE VALLEY MEDICAL CENTER AND THE FOUNDATION WERE PART OF THE SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM. ON APRIL 1, 2022, INTERMOUNTAIN HEALTH CARE, INC. AND SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. AFFILIATED, CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE ORGANIZATION EMPLOYS MORE THAN 66,000 CAREGIVERS, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH, IDAHO AND NEVADA.AS PART OF INTERMOUNTAIN HEALTHCARE, PLATTE VALLEY HAS DIRECT ACCESS TO BEST PRACTICES, RESOURCES, TECHNOLOGY, TALENT AND STRATEGIC CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Campbell Director | Trustee | 1 | $0 |
Kurt Gensert Director | Trustee | 1 | $0 |
Maggie Munoz Foundation Executive Dir/secretary | OfficerTrustee | 50 | $0 |
Candace Harrod Director | Trustee | 1 | $0 |
Ryan Klemt Director | Trustee | 1 | $0 |
Maureen Allen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,787 |
| Related organizations | $214,698 |
| Government grants | $1,004,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,893 |
| Noncash contributions included in lines 1a–1f | $17,097 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,375,425 |
| Total Program Service Revenue | $0 |
| Investment income | $82,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,408 |
| Net Income from Fundraising Events | -$31,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,555,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $961,982 |
| Grants and other assistance to domestic individuals. | $8,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,227 |
| Compensation of current officers, directors, key employees. | $70,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,853 |
| 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 | $5,508 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,746 |
| Office expenses | $1,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,416 |
| 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 | $1,165,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $356,697 |
| 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 | $0 |
| Investments—publicly traded securities | $2,988,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,345,185 |
| 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 | $75,527 |
| Total liabilities | $75,527 |
| Net assets without donor restrictions | $49,746 |
| Net assets with donor restrictions | $3,219,912 |
| 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 | $3,345,185 |
Grants Awarded
Over the last fiscal year, Platte Valley Medical Center Foundation has awarded $314,635 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHTON COMMUNITY HOSPITAL ASSOCIATION PURPOSE: SUPPORT MISSION | $274,635 |
SCL HEALTH FOUNDATION PURPOSE: SUPPORT MISSION | $40,000 |