Platte Valley Medical Center Foundation
- Assets
- $2.6m
- Revenue
- $365.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, CO
- Founding
- 05/1983
- Data as of
- 12/2020
- 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 12/2020, Platte Valley Medical Center Foundation generated $365.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $494.6k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHILANTHROPIC SUPPORT FOR THE PROGRAMS AND SERVICES OF BRIGHTON COMMUNITY HOSPITAL ASSOCIATION DBA PLATTE VALLEY MEDICAL CENTER (PVMC).
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Jannsen Foundation Executive Director | OfficerTrustee | 50 | $0 |
Michael Dolan Foundation President | OfficerTrustee | 2 | $0 |
Antelia Salazar-Ball Treasurer | OfficerTrustee | 2 | $0 |
Patricia Murray Foundation Vice President | OfficerTrustee | 2 | $0 |
Jan Olson Foundation Vice President | OfficerTrustee | 2 | $0 |
John Hicks Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,351 |
| Investment income | $35,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,959 |
| Net Income from Fundraising Events | -$13,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $945 |
| Other employee benefits | $0 |
| Payroll taxes | $7,707 |
| 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 | $10,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,952 |
| Office expenses | $1,644 |
| 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 | $3,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $494,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,134 |
| Savings and temporary cash investments | $281,925 |
| 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 |
| Investments—publicly traded securities | $1,853,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $374,689 |
| Total assets | $2,608,659 |
| Accounts payable and accrued expenses | $22,691 |
| 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 | $189,361 |
| Total liabilities | $212,052 |
| 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 | $2,396,607 |
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, CO PURPOSE: SUPPORT MISSION | $274,635 |
Broomfield, CO PURPOSE: SUPPORT MISSION | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Platte Valley Medical Center Foundation has recieved totaling $199,454.
| Awarding Organization | Amount |
|---|---|
Brighton Community Hospital Association Brighton, CO PURPOSE: SUPPORT MISSION | $128,479 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $70,975 |
Endowment Analysis
| Beg. Balance | $1,992,122 |
| Earnings | $357,498 |
| Net Contributions | $220 |
| Other Expense | $106,574 |
| Ending Balance | $2,243,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |