Benefis Health System Foundation Inc
- Assets
- $47.9m
- Revenue
- $8.0m
- Investments
- $270.7k
- Employees
- 7
- Location
- Great Falls, MT
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 81-0480587
Organization Overview
Benefis Health System Foundation Inc is located in Great Falls, MT. The organization was established in 1999. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Benefis Health System Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benefis Health System 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 12/2021, Benefis Health System Foundation Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 5.5% 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.
Since 2014, Benefis Health System Foundation Inc has awarded 24 individual grants totaling $13,455,808. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING AND ENHANCING HEALTHCARE SERVICES FOR PEOPLE THROUGHOUT NORTH CENTRAL MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIS HEALTH SYSTEM FOUNDATION'S PURPOSE IS TO IMPROVE AND ENHANCE HEALTHCARE SERVICES FOR THE PEOPLE OF NORTH CENTRAL MONTANA. THE FOUNDATION RAISES FUNDS PRIMARILY TO SUPPORT THE PROGRAMS AND SERVICES OF BENEFIS HEALTH SYSTEM BUT ALSO SUPPORTS OTHER HEALTH-RELATED PROGRAMS, SERVICES AND ACTIVITIES IN NORTH CENTRAL MONTANA. SOME OF THE PROGRAMS AND SERVICES OF BENEFIS HEALTH SYSTEM SUPPORTED BY CONTRIBUTIONS RAISED BY THE FOUNDATION INCLUDE PEACE HOSPICE OF MONTANA, CHILDREN'S BEREAVEMENT SERVICES INCLUDING CAMP FRANCIS, SLETTEN CANCER INSTITUTE, GIFT OF LIFE FAMILY HOUSING CENTERS, EMERGENCY SERVICES INCLUDING MERCY FLIGHT, AND THE BENEFIS HEART AND VASCULAR INSTITUTE. CONTINUED ON SCHEDULE O CONTINUED FROM PAGE 2, PART III, LINE 4A: BENEFIS HEALTH SYSTEM FOUNDATION ALSO ENCOURAGES CONTRIBUTIONS TO ITS ANGEL FUND AND 221 CHILDREN'S FUND, WHICH HELP FAMILIES WITH CHILDREN WITH MEDICAL CONDITIONS OR A MEDICAL CRISIS. IN ADDITION, THE FOUNDATION RAISES FUNDS FOR AND MANAGES SEVERAL HEALTHCARE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Parker Chief Operating Officer | Officer | 50 | $121,606 |
Dean Nelson Chair | OfficerTrustee | 3 | $0 |
Randy Boysun Treasurer (from 1/21) | OfficerTrustee | 3 | $0 |
Jerry L Lehman Vice Chair (from 1/21) | OfficerTrustee | 3 | $0 |
Debra J Ammondson Secretary | OfficerTrustee | 3 | $0 |
Joan Tierney Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $417,070 |
| Related organizations | $447,510 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,305,829 |
| Noncash contributions included in lines 1a–1f | $343,015 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,170,409 |
| Total Program Service Revenue | $0 |
| Investment income | $1,498,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,335,461 |
| Net Income from Fundraising Events | -$2,244 |
| Net Income from Gaming Activities | $14,367 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,016,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,301,706 |
| Grants and other assistance to domestic individuals. | $264,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,653 |
| Compensation of current officers, directors, key employees. | $53,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,631 |
| Pension plan accruals and contributions | $5,068 |
| Other employee benefits | $31,614 |
| Payroll taxes | $21,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $267,590 |
| Fees for services: Other | $2,396 |
| Advertising and promotion | $0 |
| Office expenses | $11,507 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,246 |
| Total functional expenses | $3,278,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,307 |
| Savings and temporary cash investments | $1,635,027 |
| Pledges and grants receivable | $347,422 |
| Accounts receivable, net | $356,078 |
| 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 | $44,840,990 |
| Investments—other securities | $270,732 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,782 |
| Total assets | $47,880,338 |
| Accounts payable and accrued expenses | $290,299 |
| 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 | $632,857 |
| Total liabilities | $923,156 |
| Net assets without donor restrictions | $7,695,227 |
| Net assets with donor restrictions | $39,261,955 |
| 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 | $47,880,338 |
Grants Awarded
Over the last fiscal year, Benefis Health System Foundation Inc has awarded $1,871,141 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Great Falls, MT PURPOSE: SEE PART IV | $1,706,807 |
Great Falls, MT PURPOSE: SEE PART IV | $164,334 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Benefis Health System Foundation Inc has recieved totaling $535,563.
| Awarding Organization | Amount |
|---|---|
Benefis Health System Inc Great Falls, MT PURPOSE: OPERATIONS SUPPORT | $447,510 |
Davidson Family Foundation Great Falls, MT PURPOSE: TO SUPPORT THE WOMEN'S AND CHILDREN'S CENTER | $40,000 |
Alice Lee Lund Charitable Tr Great Falls, MT PURPOSE: CHARITABLE - CAMP FRANCIS | $20,000 |
Browning - Kimball Foundation Oklahoma City, OK PURPOSE: WOMEN'S AND CHILDREN'S CENTER | $15,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: SLETTEN CANCER INSTITUTE | $13,053 |
Endowment Analysis
| Beg. Balance | $35,162,047 |
| Earnings | $4,331,941 |
| Net Contributions | $748,384 |
| Other Expense | $615,805 |
| Ending Balance | $39,626,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benefis Spectrum Medical Inc Great Falls, MT | $16,867,464 | $16,435,990 |
Chi Health Connect At Home - Fargo Fargo, ND | $3,835,361 | $12,513,250 |
Capital Opportunities Inc Belgrade, MT | $4,911,493 | $7,239,279 |
Benefis Health System Foundation Inc Great Falls, MT | $47,880,338 | $8,016,798 |
Guardian Angels Inc Jamestown, ND | $88,919 | $317,357 |
Bethany Home Health Care Inc Fargo, ND | $847,134 | $455,801 |
Gaia Home Bismarck, ND | $101,918 | $222,524 |
South Dakota Association Of Nurse Anesthetists Piedmont, SD | $857,722 | $203,729 |