Madison Valley Medical Center Foundation Inc
- Assets
- $5.4m
- Revenue
- $880.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Ennis, MT
- Founding
- 04/1989
- Data as of
- 09/2022
- EIN
- 81-0453395
Organization Overview
Madison Valley Medical Center Foundation Inc is located in Ennis, MT. The organization was established in 1989. 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 09/2022, Madison Valley Medical Center Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Valley Medical Center 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 09/2022, Madison Valley Medical Center Foundation Inc generated $880.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $443.1k during the year ending 09/2022. While expenses have increased by 3.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS TO INSPIRE GIFTS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER ENTITIES TO SUPPORT THE HEALTH AND WELL-BEING OF PEOPLE IN MADISON COUNTY AND ADJACENT COMMUNITIES IN SOUTHWEST MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY RAISED FOR MADISON VALLEY MEDICAL CENTER TO PURCHASE CARDIO SOFTWARE; PROVIDER RECRUITMENT; AMBULANCE SUPPORT - GENERAL; AMBULANCE SUPPORT - CHAIR; AMBULANCE RADIOS; AMBULANCE EDUCATION; FURNITURE; ER DEFIBRILLATOR; COMMUNITY INTEGRATED HEALTH; PEDIATRIC CRIB; EMPLOYEE CHRISTMAS PARTY; BACKCOUNTRY MEDICINE; LAPTOPS; COMBINED ANNUAL REPORT WITH MADISON VALLEY MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Conklin Executive Director | Officer | 40 | $66,458 |
Gale Arvanites Vice President | OfficerTrustee | 0.5 | $0 |
Ann Alsted President | OfficerTrustee | 1 | $0 |
Beth Hageman Treasurer | OfficerTrustee | 2.5 | $0 |
Dallas Celecia Secretary | OfficerTrustee | 0.5 | $0 |
Joe Dilschneider Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $635,082 |
| Noncash contributions included in lines 1a–1f | $4,597 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,682 |
| Total Program Service Revenue | $0 |
| Investment income | $137,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,453 |
| Net Income from Fundraising Events | $797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,652 |
| 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. | $72,916 |
| Compensation of current officers, directors, key employees. | $35,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $200 |
| Fees for services: Investment Management | $51,881 |
| Fees for services: Other | $3,574 |
| Advertising and promotion | $12,381 |
| Office expenses | $9,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,688 |
| Travel | $620 |
| 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 | $2,223 |
| Insurance | $3,252 |
| All other expenses | $0 |
| Total functional expenses | $443,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,829 |
| Savings and temporary cash investments | $261,203 |
| Pledges and grants receivable | $95,398 |
| 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 | $2,839 |
| Investments—publicly traded securities | $4,986,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,497 |
| Other assets | $5,450 |
| Total assets | $5,363,746 |
| Accounts payable and accrued expenses | $1,781 |
| 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 | $3,706 |
| Total liabilities | $5,487 |
| Net assets without donor restrictions | $3,228,448 |
| Net assets with donor restrictions | $2,129,811 |
| 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 | $5,363,746 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Madison Valley Medical Center Foundation Inc has recieved totaling $172,350.
| Awarding Organization | Amount |
|---|---|
Amicus Foundation Cameron, MT PURPOSE: CARRY OUT CHARITABLE PURPOSE OF FOUNDATION | $65,600 |
Lenoir Charitable Tr Manchester, MA PURPOSE: GENERAL SUPPORT | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $30,000 |
Ed And Yvonne Parish Foundation Danville, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $9,500 |
Endowment Analysis
| Beg. Balance | $4,081,586 |
| Earnings | -$707,608 |
| Other Expense | $133,033 |
| Ending Balance | $3,240,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Contractors Association Health Care Trust Billings, MT | $43,826,014 | $40,627,147 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
St Patrick Hospital Foundation Missoula, MT | $38,164,577 | $6,581,612 |
West Care Health And Welfare Benefit Trust Bozeman, MT | $15,251,463 | $3,785,858 |
St Johns Health Foundation Jackson, WY | $17,257,715 | $3,999,724 |
North Dakota Hospital Foundation Bismarck, ND | $7,414,810 | $5,236,600 |
Montana Health Research And Education Foundation Inc Helena, MT | $2,112,895 | $4,435,703 |
St Lukes Mccall Foundation Inc Mccall, ID | $4,838,602 | $1,413,102 |
Portneuf Health Trust Pocatello, ID | $172,382,785 | $35,459,650 |
Altru Health Foundation Grand Forks, ND | $17,808,212 | $5,022,342 |
Huron Clinic Foundation Inc Huron, SD | $2,964,978 | $2,959,028 |