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.
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 |
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 |
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 |