Mary Greeley Medical Center Foundation

Organization Overview

Mary Greeley Medical Center Foundation is located in Ames, IA. The organization was established in 1970. 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. Mary Greeley 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 06/2022, Mary Greeley Medical Center Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MARY GREELEY MEDICAL CENTER FOUNDATION IS THE PREFERRED CHANNEL OF GIVING TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER). THE MARY GREELEY MEDICAL CENTER FOUNDATION SUPPORTS THE MISSION OF THE MEDICAL CENTER THROUGH PHILANTHROPY AND ENGAGEMENT. DONORS CAN BE CONFIDENT THAT THEIR GIFTS WILL DIRECTLY BENEFIT THE PROGRAMS AND SERVICES OF THE MEDICAL CENTER, THE PATIENTS AND FAMILIES SERVED BY THE MEDICAL CENTER, AND THE MEDICAL CENTER STAFF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER): PRIVATE GIFT SUPPORT THROUGH THE FOUNDATION PLAYS AN IMPORTANT ROLE IN THE MISSION OF THE MEDICAL CENTER THROUGH FUNDING OF VITAL PROJECTS, PROGRAMS AND SERVICES. IN 2021 MAJOR PROGRAMS FUNDED INCLUDE THE ISRAEL FAMILY HOSPICE HOUSE AND HOSPICE HOME CARE, THE WILLIAM R BLISS CANCER CENTER AND THE DIABETES AND NUTRITION EDUCATION CENTER. MAJOR PROJECTS INCLUDE THE CONSTRUCTION OF A NEW HEALING GARDEN AND THE CONSTRUCTION OF THE BIRTHWAYS AND PEDIATRICS UNITS. EDUCATIONAL PROGRAMS INCLUDE STAFF AND PHYSICIAN TRAINING, SPECIALTY CERTIFICATIONS AND PUBLIC EDUCATIONAL PROGRAMS ALONG WITH SUPPORT FOR MARY GREELEY'S RESPONSE TO THE COVID-19 PANDEMIC.


EMPLOYEE SUPPORT:THE FOUNDATION PROVIDED SUPPORT TO 13 MARY GREELEY MEDICAL CENTER EMPLOYEES IN 2021 IN TIMES OF EMERGENCY. EMPLOYEES WERE ASSISTED WITH EXPENSES SUCH AS UTILITY BILLS, MEDICAL BILLS, DAYCARE BILLS, CAR PAYMENTS, CAR REPAIRS, MEDICAL DEVICES, MORTGAGE AND RENT PAYMENTS.


SCHOLARSHIP SUPPORT:IN 2021, 17 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES AND AREA STUDENTS WERE AWARDED $15,250 IN SCHOLARSHIP SUPPORT FUNDED BY PRIVATE GIFTS. SCHOLARSHIPS RANGED FROM $500 - $2,500 FOR STUDENTS PURSUING NURSING DEGREES (RN AND BSN), ADVANCED DEGREES AND OTHER MEDICAL RELATED DEGREES. THESE SCHOLARSHIPS NOT ONLY SUPPPORT THE EDUCATION OF CURRENT AND FUTURE HEALTH CARE PROFESSIONALS, BUT ALSO HONOR INDIVIDUALS FOR SIGNIFICANT CONTRIBUTIONS TO HEALTH CARE AND THE MEDICAL CENTER. THESE SCHOLARSHIPS ARE TYPICALLY FUNDED THROUGH UNAFFILIATED FUNDS THAT ARE NOT REPORTED AS PART OF THE FOUNDATION'S AUDITED FINANCIALS. HOWEVER, THE FOUNDATION PAID $334 DIRECTLY TO THE EDUCATIONAL INSTITUTIONS ON BEHALF OF RECIPIENTS IN FY22.


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Board, Officers & Key Employees

Name (title)Compensation
Melissa Mcgarry
Executive Director
$160,779
Ellen M Rasmussen
Past Chair
$0
Neal T Loes
Vice Chair
$0
John T Russell
Chair
$0
Warren Madden
Secretary/treasurer
$0
Gary Botine
Mgmc Vice President & CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$196,015
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,719,683
Noncash contributions included in lines 1a–1f $196,275
Total Revenue from Contributions, Gifts, Grants & Similar$1,915,698
Total Program Service Revenue$0
Investment income $755,150
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $222,039
Net Income from Fundraising Events -$34,681
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,858,206

Grants Awarded

Over the last fiscal year, Mary Greeley Medical Center Foundation has awarded $2,627,626 in support to 2 organizations.

Grant RecipientAmount

MARY GREELEY MEDICAL CENTER

PURPOSE: SUPPORT OF MARY GREELEY MEDICAL CENTER.

$2,497,908

NATIONAL GIFT ANNUITY FOUNDATION

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: CHARITABLE GIFT ANNUITIES

$129,718
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mary Greeley Medical Center Foundation has recieved totaling $12,000.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$7,000
Risdal Family Charitable Foundation

Gilbert, IA

PURPOSE: CONTRIBUTION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,471,901
Earnings-$899,774
Net Contributions$62,586
Other Expense$444,731
Ending Balance$11,189,982

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