Longs Peak Hospital Foundation
- Assets
- $549.0k
- Revenue
- $467.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Longmont, CO
- Founding
- 09/2017
- Data as of
- 06/2023
- EIN
- 82-1613059
Organization Overview
Longs Peak Hospital Foundation is located in Longmont, CO. The organization was established in 2017. 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 06/2023, Longs Peak Hospital Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longs Peak 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 06/2023, Longs Peak Hospital Foundation generated $467.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $419.6k during the year ending 06/2023. While expenses have increased by 26.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT & PROMOTE ACTIVITIES THAT BEST SERVE THE HEALTH INTERESTS OF THE HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTRICTED FUND - PROVIDES FUNDING TO SUPPORT HOSPITAL SCHOLARSHIPS, EDUCATIONAL VIDEOS, AND PATIENT FINANCIAL ASSISTANCE.
UNRESTRICTED FUND - PROVIDES FUNDING FOR HOSPITAL PROGRAM SERVICES AND CAPITAL EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ludlow Board Chair | OfficerTrustee | 1 | $0 |
Karen Stuart Board Vice Chair | OfficerTrustee | 1 | $0 |
Dan Stroh Director | Trustee | 1 | $0 |
Steve Hess Director | Trustee | 1 | $0 |
Dr John Stathis Director | Trustee | 1 | $0 |
Steve Laughlin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,031 |
| Related organizations | $271,483 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,753 |
| Noncash contributions included in lines 1a–1f | $20,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,267 |
| Total Program Service Revenue | $0 |
| Investment income | $6,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,288 |
| Net Income from Fundraising Events | -$8,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,857 |
| Grants and other assistance to domestic individuals. | $90,925 |
| 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 | $173,761 |
| Pension plan accruals and contributions | $17,815 |
| Other employee benefits | -$4,457 |
| Payroll taxes | $2,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,991 |
| Advertising and promotion | $24,220 |
| Office expenses | $7,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $419,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| 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 | $405,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,745 |
| Total assets | $549,003 |
| Accounts payable and accrued expenses | $31,210 |
| Grants payable | $0 |
| Deferred revenue | $6,647 |
| 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 | $37,857 |
| Net assets without donor restrictions | $101,851 |
| Net assets with donor restrictions | $409,295 |
| 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 | $549,003 |
Grants Awarded
Over the last fiscal year, Longs Peak Hospital Foundation has awarded $45,274 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LONGS PEAK HOSPITAL PURPOSE: TO SERVE PATIENTS | $36,094 |
LONGMONT MEALS ON WHEELS PURPOSE: 4 DAYS OF MEALS FOR 339 AT RISK SENIORS IN COMMUNITY | $9,180 |