Brookings Health System Investment Authority

Organization Overview

Brookings Health System Investment Authority is located in Brookings, SD. The organization was established in 2019. According to its NTEE Classification (E60) the organization is classified as: Health Support, 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. Brookings Health System Investment Authority 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 12/2023, Brookings Health System Investment Authority generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $120.4k during the year ending 12/2023. While expenses have increased by 23.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE CITY OF BROOKINGS DBA BROOKINGS HEALTH SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY IS TO INVEST AND GROW FUNDS FOR THE CITY OF BROOKINGS DBA BROOKINGS HEALTH SYSTEM (BHS) IN ORDER TO PROVIDE BHS WITH FUNDING AS ITS NEEDS ARISE. IN THE PREVIOUS YEAR, THE ORGANIZATION INVESTED FUNDS RECEIVED FROM BHS IN ORDER TO FULFILL ITS TAX-EXEMPT PURPOSE.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Merkley
CEO Of Brookings Health System
$0
Melissa Wagner
CFO Of Brookings Health System
$0
Andrew Ellsworth MD
Director
$0
Dick Peterson
President
$0
Sheila Anderson
Vice President
$0
Lynn Darnall
Secretary
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,495,045
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,756,133
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,251,178

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