Ivinson Memorial Hospital Foundation
- Assets
- $20.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 01/1983
- Data as of
- 06/2022
- EIN
- 83-0259429
Organization Overview
Ivinson Memorial Hospital Foundation is located in Laramie, WY. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization 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. Ivinson Memorial 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 06/2022, Ivinson Memorial Hospital Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 11.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GUARANTEE THE FUTURE OF EXCEPTIONAL HEALTH CARE IN LARAMIE BY ACQUIRING AND MANAGING ASSETS IN SUPPORT OF IVINSON MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAM SUPPORT AND SUPPLIES TO THE VARIOUS DEPARTMENTS IN THE IVINSON MEMORIAL HOSPITAL. THESE DEPARTMENTAL REQUESTS ARE ABOVE AND BEYOND THE FUNDING PROVIDED BY THE HOSPITAL. THE FUNDING COMMITTEE REVIEWS FUNDING REQUESTS ANNUALLY AND PROVIDES SUPPORT AS FUNDS ALLOW. ALSO THE FOUNDATION PROVIDED FUNDS FOR ACQUISITION OF A NEW LINEAR ACCELERATOR FOR THE CANCER CENTER AS WELL AS OTHER FUNDING TO SUPPORT RENOVATION OF CANCER CENTER INFUSION ROOMS.
THE FOUNDATION PROVIDES PROGRAM SUPPORT THROUGH SUPPORTING TRAINING AND EDUCATION FOR HOSPITAL STAFF FROM VARIOUS DEPARTMENTS. THROUGH A SMALL GRANTS PROGRAM THE FOUNDATION SUPPORT ACQUISITION OF EQUIPMENT THAT UPGRADES THE ABILITY OF DEPARTMENTS TO PROVIDE MEDICAL SUPPORT TO PATIENTS. IN ADDITION THESE SMALL GRANTS PROVIDE FOR TRAINING OF PATIENT-FACING IMH STAFF. ABOUT EVERY 8 YEARS THE FOUNDATION PURCHASES A NEW LINEAR ACCELERATOR FOR THE MEREDITH AND JEANNIE RAY CANCER CENTER. THIS YEAR A 700,000 PAYMENT WAS MADE TO THE HOSPITAL FOR THIS PURPOSE. DURING THE YEAR THE FOUNDATION PROVIDED REIMBURSEMENT FOR GUEST HOUSE USE. IT PROVIDED PAYMENTS TO IMH FOR MAMMOGRAPHY OF UNINSURED PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Gern PHD President | OfficerTrustee | 0.1 | $0 |
Kem Krueger Vice Preside | OfficerTrustee | 0.1 | $0 |
Rebecca Miller Treasurer | OfficerTrustee | 0.1 | $0 |
Nick Hauser Secretary | OfficerTrustee | 0.1 | $0 |
Randi Downham Officer At L | OfficerTrustee | 0.1 | $0 |
Joe Steiner Historian | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $359,447 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,971 |
| Total Program Service Revenue | $0 |
| Investment income | $589,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$72,153 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,092,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $873,063 |
| 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 | $700 |
| Fees for services: Legal | $5,800 |
| Fees for services: Accounting | $55,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,117 |
| Fees for services: Other | $2,103 |
| Advertising and promotion | $273 |
| Office expenses | $674 |
| Information technology | $9,667 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $278 |
| 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 | $3,005 |
| All other expenses | $816 |
| Total functional expenses | $1,043,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,068 |
| Savings and temporary cash investments | $629,592 |
| Pledges and grants receivable | $0 |
| 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 | $240,472 |
| Investments—publicly traded securities | $19,418,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,696,456 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $17,712,029 |
| Net assets with donor restrictions | $2,984,427 |
| 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 | $20,696,456 |