Longmont United Hospital Foundation
- Assets
- $5.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Longmont, CO
- Founding
- 11/1981
- Data as of
- 12/2022
- EIN
- 84-0852084
Organization Overview
Longmont United Hospital Foundation is located in Longmont, CO. The organization was established in 1981. 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 12/2022, Longmont United Hospital Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont United 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 12/2022, Longmont United Hospital Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 22.2% 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
THE FOUNDATION IS DEDICATED TO ADMINISTERING FUNDRAISING ACTIVITIES THAT PROVIDE SUPPORT FOR AND ADVANCE THE MISSION OF LONGMONT UNITED HOSPITAL AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION FORMED TO PLAN, ORGANIZE, INSTITUTE AND ADMINISTER PROJECTS THAT PROVIDE SUPPORT FOR LONGMONT UNITED HOSPITAL AND THE COMMUNITY IT SERVES. THE FOUNDATION FINANCES ITS OPERATIONS THROUGH DONATIONS AND INVESTMENT EARNINGS. LARGE PROJECTS IN 2022 INCLUDED SCHOLARSHIP AWARDS TO INDIVIDUALS ADVANCING A CAREER IN THE HEALTH CARE FIELDS, RENOVATION OF THE HOSPITAL ATRIUM AND BIRTHPLACE, AND GRANTS PROVIDED TO OTHER HEALTH CARE GROUPS. OTHER SIGNIFICANT 2022 PROJECTS INVOLVED GRANTS TO HELP PURCHASE EQUIPMENT FOR VARIOUS DEPARTMENTS WITHIN THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia B Noble Director | Officer | 35 | $149,425 |
Charles Sloan Trustee | Trustee | 2 | $0 |
Chad Hatfield Trustee | Trustee | 2 | $0 |
Scott Kanemoto Trustee | Trustee | 2 | $0 |
Carol Yoakum Trustee Emerit. | Trustee | 3 | $0 |
Joan Horsfall Trustee | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Longmont United Hospital Management And Fundraising | 12/30/16 | $160,723 |
Catholic Health Initiatives Management And Fundraising | 12/30/16 | $126,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,644 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $807,111 |
| Noncash contributions included in lines 1a–1f | $23,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,755 |
| Total Program Service Revenue | $0 |
| Investment income | $162,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $393,126 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,355 |
| Net Income from Fundraising Events | $19,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,360,999 |
| Grants and other assistance to domestic individuals. | $67,484 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation of current officers, directors, key employees. | $58,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,288 |
| Payroll taxes | $15,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,288 |
| Advertising and promotion | $0 |
| Office expenses | $2,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,600 |
| Travel | $0 |
| 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 | $33,354 |
| Total functional expenses | $1,935,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,235 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,328,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,330 |
| Total assets | $5,649,248 |
| Accounts payable and accrued expenses | $9,380 |
| 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 | $209,121 |
| Total liabilities | $218,501 |
| Net assets without donor restrictions | $4,917,363 |
| Net assets with donor restrictions | $513,384 |
| 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 | $5,649,248 |
Grants Awarded
Over the last fiscal year, Longmont United Hospital Foundation has awarded $1,360,999 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO LEARNING CENTER PURPOSE: EDUCATION | $50,000 |
LONGMONT SYMPHONY ORCHESTRA PURPOSE: COMMUNITY SUPPORT | $7,500 |
LONGMONT UNITED HOSPITAL PURPOSE: TO IMPROVE THE HOSPITAL ENVIRONMENT | $1,253,499 |
SALUD FAMILY HEALTH PURPOSE: COMMUNITY HEALTH SUPPORT | $50,000 |