Steele Memorial Benefit Association
- Assets
- $508.6k
- Revenue
- $316.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Salmon, ID
- Founding
- 08/1977
- Data as of
- 09/2021
- EIN
- 82-0331253
Organization Overview
Steele Memorial Benefit Association, operating under the name Steele Memorial Foundation, is located in Salmon, ID. The organization was established in 1977. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steele Memorial 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 09/2021, Steele Memorial Foundation generated $316.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $583.6k during the year ending 09/2021. While expenses have increased by 21.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION BENEFITS STEELE MEMORIAL MEDICAL CENTER AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES TO PURCHASE CAPITAL EQUIPMENT AND SUPPLEMENT OPERATIONAL NEEDS OF STEELE MEMORIAL MEDICAL CENTER AND THE COMMUNITY IT SERVES. FOR THE YEAR ENDED SEPTEMBER 30, 2021, THE FOUNDATION CONTRIBUTED $187,500 IN BOND REPAYMENT RELATED TO THE CONSTRUCTION OF THE MEDICAL CENTER AND $384,754 TOWARDS MEDICAL EQUIPMENT FOR THE MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike England Chair | OfficerTrustee | 1 | $0 |
Karla Mulkey Secretary | OfficerTrustee | 1 | $0 |
Karen Whitworth Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Osmundson Foundation Director | Officer | 50 | $0 |
Robert Perry Director | Trustee | 1 | $0 |
Jean Anders Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,790 |
| Total Program Service Revenue | $0 |
| Investment income | $14,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $572,259 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $5,909 |
| Advertising and promotion | $0 |
| Office expenses | $557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $636 |
| 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 | $583,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,698 |
| Pledges and grants receivable | $221,339 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,541 |
| Total assets | $508,578 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $323,530 |
| 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 | $0 |
| Total liabilities | $323,530 |
| Net assets without donor restrictions | $125,449 |
| Net assets with donor restrictions | $59,599 |
| 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 | $508,578 |
Grants Awarded
Over the last fiscal year, Steele Memorial Benefit Association has awarded $168,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STEELE MEMORIAL MEDICAL CENTER PURPOSE: BOND REPAYMENT | $125,000 |
STEELE MEMORIAL MEDICAL CENTER PURPOSE: MEDICAL EQUIPMENT | $43,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Steele Memorial Benefit Association has recieved totaling $203,500.
| Awarding Organization | Amount |
|---|---|
Steele-Reese Foundation- 561 Chicago, IL PURPOSE: GENERAL | $187,500 |
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Healthcare Foundation Inc Salt Lake City, UT | $1,015,622,351 | $102,213,208 |
Swedish Medical Center Foundation Seattle, WA | $149,925,707 | $36,132,164 |
Seattle Childrens Healthcare System Seattle, WA | $1,236,637,312 | $122,583,383 |
Wyoming Medical Center Foundation Casper, WY | $297,053,839 | $17,341,207 |
St Lukes Health Foundation Ltd Boise, ID | $50,176,105 | $12,367,207 |
Multicare Health Foundation Tacoma, WA | $69,482,903 | $11,201,582 |
Overlake Hospital Association Bellevue, WA | $31,794,126 | $12,421,472 |
Intermountain Community Care Foundation Inc Salt Lake City, UT | $555,039,402 | $294,432,556 |
Headwaters Health Foundation Of Western Montana Missoula, MT | $106,148,941 | $5,570,203 |
Utah Partners For Health Midvale, UT | $4,728,411 | $5,657,767 |
Oregon Rural Health Initiative Portland, OR | $7,029,575 | $4,022,932 |
Bio Ventures For Global Health Seattle, WA | $5,318,274 | $3,211,056 |