Petersburg Medical Center Foundation
- Assets
- $505.0k
- Revenue
- $102.9k
- Investments
- $33.9k
- Employees
- 0
- Location
- Petersburg, AK
- Founding
- 10/1990
- Data as of
- 06/2021
- EIN
- 92-0134279
Organization Overview
Petersburg Medical Center Foundation is located in Petersburg, AK. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Petersburg Medical Center 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 06/2021, Petersburg Medical Center Foundation generated $102.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $32.5k during the year ending 06/2021. 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
FUNDRAISING AND CHARITABLE ACTIVITIES IN SUPPORT AND ON BEHALF OF PETERSBURG MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED IN MEETING THE MEDICAL DEMANDS BY SUPPORTING NURSING STUDENTS THROUGH SCHOLARSHIPS AND SUPPORTING PETERSBURG MEDICAL CENTER PROGRAMS, SUCH AS "BEAT THE ODDS," A CANCER SUPPORT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Paulsen President | OfficerTrustee | 0.25 | $0 |
Elizabeth Bacom Vice President | OfficerTrustee | 0.25 | $0 |
Phil Hofstetter Director/ceo | Officer | 0.25 | $0 |
Kathi Riemer Director | Trustee | 0.25 | $0 |
Sarah Holmgrain Alternate | Trustee | 0.25 | $0 |
Darlene Whitethorn Secretary/treasurer | Trustee | 0.25 | $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 | $22,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,845 |
| Total Program Service Revenue | $0 |
| Investment income | $5,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,050 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,317 |
| All other expenses | $0 |
| Total functional expenses | $32,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,764 |
| Savings and temporary cash investments | $32,958 |
| 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 | $313,399 |
| Investments—other securities | $33,919 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $505,040 |
| 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 | $0 |
| Net assets with donor restrictions | $505,040 |
| 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 | $505,040 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Petersburg Medical Center Foundation has recieved totaling $100,200.
| Awarding Organization | Amount |
|---|---|
Rasmuson Foundation Anchorage, AK PURPOSE: RENOVATE PHARMACY | $100,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Hospital For Respiratory And Complex Care Burien, WA | $0 | $5,757,627 |
Cross Road Health Ministries Inc Glennallen, AK | $4,539,452 | $8,013,942 |
Franciscan Foundation Washington Tacoma, WA | $31,675,220 | $3,841,785 |
Kadlec Foundation Richland, WA | $39,538,406 | $4,010,417 |
Whidbey Island Hospital Foundation Coupeville, WA | $2,936,679 | $1,105,210 |
Health Center Volunteers Inc Vashon, WA | $239,394 | $1,002,228 |
Grace Clinic Kennewick, WA | $681,694 | $1,037,484 |
Highline Medical Center Foundation Burien, WA | $2,266,003 | $1,399,183 |
Rainer Foothills Wellness Foundation Enumclaw, WA | $676,781 | $659,072 |
Mason General Hospital Foundation Shelton, WA | $3,233,214 | $1,711,437 |
Auxiliary Of The Good Samaritan Hospital Tacoma, WA | $712,070 | $361,259 |
Volunteers In Action Renton, WA | $196,430 | $101,776 |