Henderson Memorial Hospital Foundation
- Assets
- $4.2m
- Revenue
- $550.7k
- Investments
- $3.5m
- Employees
- 0
- Location
- Henderson, TX
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 75-2901000
Organization Overview
Henderson Memorial Hospital Foundation is located in Henderson, TX. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Henderson 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 12/2023, Henderson Memorial Hospital Foundation generated $550.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $335.0k during the year ending 12/2023. While expenses have increased by 25.8% per year over the past 6 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.
Since 2021, Henderson Memorial Hospital Foundation has awarded 32 individual grants totaling $421,220. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE LOCAL MEDICAL COMMUNITY OF HENDERSON TEXAS BY GIVING SCHOLARSHIPS TO NURSING STUDENTS DIRECTLY TO THEIR PERPECTIVE COLLEGES/UNIVERSITIES. TWELVE STUDENTS WERE SUPPORTED WITH SCHOLARSHIPS FOR THE CALENDAR YEAR OF 2023.
THE FOUNDATION SUPPORTS LOCAL CHARITITIES IN THE COMMUNITY WITH AN EMPHASIS ON HEALTHCARE AND HEALTHCARE EDUCATION AND INDIVUAL ASSISTANCE.
THE FOUNDATION SUPPORTS UNITED WAY FOR THEIR COMMUNITY SUPORT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Franks President | 3 | $0 | |
Johnny Foster Vice President | 3 | $0 | |
Jon Johnston Past-President | 3 | $0 | |
Andy Vinson Treasurer | 4 | $0 | |
Cecilia Besson Secretary | 3 | $0 | |
Krissy Chastain Board Of Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,448 |
| Dividends & Interest | $115,828 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,016 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $7,277 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $419,439 |
| Total Revenue | $550,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $72 |
| Other expenses | $119,428 |
| Total operating and administrative expenses | $143,423 |
| Contributions, gifts, grants paid | $191,605 |
| Total expenses and disbursements | $335,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,436 |
| Savings and temporary cash investments | $235,466 |
| Net Accounts receivable | $1,546 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $130,230 |
| Investments—mortgage loans | $0 |
| Investments—other | $112,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,222,283 |
| Accounts payable and accrued expenses | $5,306 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,741 |
| Total liabilities | $11,047 |
Grants Awarded
Over the last fiscal year, Henderson Memorial Hospital Foundation has awarded $191,605 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HENDERSON ISD HEALTH SCIENCE PROGRAM PURPOSE: SUPPORT LOCAL SCHOOL ORGANIZATIONWITH A FOCUS ON GUIDANCE AND EDUCATION OF STUDENTS WISHING TO GO INTO THE MEDICAL FIELD. | $10,000 |
BOYS AND GIRLS CLUB OF AMERICA (RUSK COUNTY) PURPOSE: SUPPORT LOCAL CHILDRENS ORGANIZATIONWITH AN EMPHASIS ON HEALTHCARE ANDHEALTHCARE EDUCATION. | $10,000 |
CHRISTIAN WOMEN'S JOB CORPS OF RUSK COUNTY PURPOSE: SUPPORT LOCAL WOMENS ORGANIZATIONWITH AN EMPHASIS ON HEALTHCARE ANDHEALTHCARE EDUCATION | $7,930 |
RUSK COUNTY FRIENDS HELPING FRIENDS PURPOSE: SUPPORT THE COMMUNITY TO PROVIDE ACCESSTO PRESCRIPTION MEDICATIONS FORLOW INCOME AND UNINSURED INDIVIDUALS | $10,000 |
RUSK COUNTY UNITED WAY PURPOSE: SUPPORT LOCAL BRANCH WHICH SEEKS TOIMPROVE LIVES BY MOBILIZING THE CARING POWER OF COMMUNITIES TO ADVANCE THE COMMON GOOD OF THE COMMUNITY. | $30,000 |
RUSK COUNTY PETS ALIVE PURPOSE: SUPPORT LOCAL CHARITY IN THE PURSUIT OF SETTING A STANDARD FOR RURAL AREAS ON NO-KILL SHELTERING AND MATCHING INDIVIDUALS WITH PETS | $9,075 |