Island Health & Wellness Foundation

Organization Overview

Island Health & Wellness Foundation is located in Deer Isle, ME. The organization was established in 1966. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Island Health & Wellness Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Health & Wellness 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, Island Health & Wellness Foundation generated $173.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $251.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Island Health & Wellness Foundation has awarded 11 individual grants totaling $149,927. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ISLAND HEALTH & WELLNESS FOUNDATION'S MISSION IS TO IDENTIFY AND ADVOCATE FOR HEALTH AND WELLNESS NEEDS OF DEER ISLE-STONINGTON; PROVIDE FINANCIAL SUPPORT, GUIDANCE AND ENCOURAGEMENT TO LOCAL HEALTH AND WELLNESS ORGANIZATIONS; AND MAINTAIN THE ISLAND MEDICAL CENTER FOR THE PROVISION OF HEALTH AND DENTAL CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ISLAND HEALTH & WELLNESS FOUNDATION OWNED AND MANAGED SPACE FOR MEDICAL SERVICES TO BE MADE AVAILABLE TO RESIDENTS OF DEER ISLE, STONINGTON, AND SURROUNDING ISLANDS, AN AREA OTHERWISE WITHOUT CONVENIENT ACCESS TO HEALTH CARE. ADDITIONALLY, GRANTS WERE PROVIDED TO HEALTHCARE PROVIDERS TO SUPPORT FREE AND REDUCED-CARE SERVICES, AND TO AREA ORGANZIATIONS TO FOSTER HEALTHY LIFESTYLES AMONG LOCAL RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Anne West
Executive Di
$40,045
Nancy Greene
Secretary
$0
Shannon Joyce
Vice Preside
$0
Judy Williams
Treasurer
$0
Gail Senecal
Asst Treasur
$0
Mark Picton
Treasurer (f
$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$89,994
Noncash contributions included in lines 1a–1f $1,950
Total Revenue from Contributions, Gifts, Grants & Similar$89,994
Total Program Service Revenue$99,092
Investment income $25,401
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$41,488
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $173,077

Grants Awarded

Over the last fiscal year, Island Health & Wellness Foundation has awarded $25,000 in support to 2 organizations.

Grant RecipientAmount

MEMORIAL AMBULANCE CORPS

Org PageRecipient Profile

Deer Isle, ME

PURPOSE: COMM. PARAMEDICINE

$15,000

CSD 13

PURPOSE: SUB ABUSE EDUCATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Island Health & Wellness Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO GENERAL FUND

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,453,223
Earnings-$194,660
Admin Expense$9,633
Ending Balance$1,248,930

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