Greater Fairbanks Community Hospital Foundation Inc
- Assets
- $517.9m
- Revenue
- $49.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 92-0035784
Organization Overview
Greater Fairbanks Community Hospital Foundation Inc is located in Fairbanks, AK. The organization was established in 1968. 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. Greater Fairbanks Community Hospital Foundation Inc 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 12/2021, Greater Fairbanks Community Hospital Foundation Inc generated $49.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $33.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION WAS ESTABLISHED TOENSURE THAT WE NEVER AGAIN FACE THE PROSPECT OF A COMMUNITY WITHOUT HEALTH CARE BY: 1) PROVIDING FIRST-CLASS MEDICAL FACILITIES AND TECHNOLOGY 2) OVERSEEING AN EXCELLENT OPERATOR 3) CREATING AN ENVIRONMENT THAT ATTRACTS QUALITY, CARING PHYSICIANS WHO WISH TO BE A PART OF THE COMMUNITY, AND 4) CREATING PARTNERSHIPS TO DELIVER QUALITY PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OGFCHF BUILDS/LEASES MEDICAL FACILITIES TO SERVE THE INTERIOR ALASKA COMMUNITY (100,000 + PEOPLE). IT LEASES AN EQUIPPED HOSPITAL/LONG-TERM CARE FACILITY, IMAGING CENTER, CANCER TREATMENT CENTER, AND HEART CENTER TO FOUNDATION HEALTH LLC (A RELATED NON-PROFIT ORGANIZATION) AND LEASES OTHER MEDICAL OFFICE FACILITIES TO CLINICS AND INDIVIDUAL DOCTORS AS WELL AS FOUNDATION HEALTH. GFCHF'S DEVELOPMENT PROGRAM IS FOCUSED ON SOLICITING CONTRIBUTIONS, INCREASING AWARENESS OF THE ORGANIZATION, AND ENGAGING THE COMMUNITY IN GFCHF EVENTS. BEHAVIORAL HEALTH, CIRCLE OF HOPE (CANCER CENTER) AND FMH MEDICAL HOSPICE ARE THE MOST ACTIVE CURRENT CAMPAIGNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Wendler CFO | Officer | 30 | $31,643 |
Jeff Cook President | OfficerTrustee | 3.6 | $0 |
William Vivlamore Secretary | OfficerTrustee | 1.1 | $0 |
Joe Faulhaber Vice President | OfficerTrustee | 1.8 | $0 |
Scott Bell Treasurer | OfficerTrustee | 0.9 | $0 |
Shelley Ebenal Ed/ Gen Coun | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghemm Company Inc Construction | 12/30/21 | $1,216,293 |
Johnson River Enterprises Construction | 12/30/21 | $345,343 |
Hvac Llc Hvac Contractor | 12/30/21 | $304,403 |
Tci Construction Company Inc Construction | 12/30/21 | $251,236 |
Nbbj Architecture & Design | 12/30/21 | $218,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,413 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,014 |
| Total Program Service Revenue | $40,159,528 |
| Investment income | $5,438,197 |
| Tax Exempt Bond Proceeds | $157 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,151,697 |
| Net Income from Fundraising Events | $42,517 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,411,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,696,099 |
| Grants and other assistance to domestic individuals. | $42,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,566 |
| Compensation of current officers, directors, key employees. | $36,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,563 |
| Pension plan accruals and contributions | $6,988 |
| Other employee benefits | $23,493 |
| Payroll taxes | $23,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $243,458 |
| Fees for services: Other | $474,446 |
| Advertising and promotion | $490 |
| Office expenses | $83,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $904,687 |
| Travel | $16,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,142,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,163,999 |
| Insurance | $51,855 |
| All other expenses | $32,847 |
| Total functional expenses | $32,986,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,549 |
| Savings and temporary cash investments | $52,257,193 |
| Pledges and grants receivable | $93,525 |
| 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 | $93,866 |
| Net Land, buildings, and equipment | $201,010,196 |
| Investments—publicly traded securities | $186,400,184 |
| Investments—other securities | $0 |
| Investments—program-related | $72,671,165 |
| Intangible assets | $0 |
| Other assets | $4,692,104 |
| Total assets | $517,877,782 |
| Accounts payable and accrued expenses | $3,705,275 |
| Grants payable | $0 |
| Deferred revenue | $59,476 |
| Tax-exempt bond liabilities | $104,855,295 |
| 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 | $108,620,046 |
| Net assets without donor restrictions | $405,789,909 |
| Net assets with donor restrictions | $3,467,827 |
| 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 | $517,877,782 |
Grants Awarded
Over the last fiscal year, Greater Fairbanks Community Hospital Foundation Inc has awarded $52,239 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Anchorage, AK PURPOSE: SCHOLARSHIPS | $25,000 |
Fairbanks, AK PURPOSE: COMMUNITY EDUCATION | $17,239 |
Anchorage, AK PURPOSE: RESEARCH PROJECT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greater Fairbanks Community Hospital Foundation Inc has recieved totaling $39,875.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $17,492 |
Usibelli Foundation Fairbanks, AK PURPOSE: FOR HEALTH/SOCIAL SERVICES | $10,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: BROOKE FISHER GIFT OF LIFE FUND | $5,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: LACTATION ROOM | $5,000 |
Bill Stroecker Foundation Fairbanks, AK PURPOSE: RECIPIENT AUTHORIZED EXEMPT PURPOSES | $1,200 |
Rasmuson Foundation Anchorage, AK PURPOSE: HOSPICE | $1,000 |
Endowment Analysis
| Beg. Balance | $238,869 |
| Earnings | $26,013 |
| Ending Balance | $264,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Greater Fairbanks Community Hospital Foundation Inc Fairbanks, AK | $517,877,782 | $49,411,110 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |