Jackson County Schneck Memorial Hospital Foundation Inc
- Assets
- $4.4m
- Revenue
- $937.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seymour, IN
- Founding
- 10/1956
- Data as of
- 12/2021
- EIN
- 23-7085722
Organization Overview
Jackson County Schneck Memorial Hospital Foundation Inc, operating under the name Schneck Medical Center Foundation, is located in Seymour, IN. The organization was established in 1956. 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. Schneck 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 12/2021, Schneck Medical Center Foundation generated $937.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $703.5k during the year ending 12/2021. While expenses have increased by 10.1% 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.
Since 2015, Schneck Medical Center Foundation has awarded 26 individual grants totaling $2,104,569. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES SOLELY FOR THE BENEFIT OF SCHNECK MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DONATED $459,464 TO SCHNECK MEDICAL CENTER TO HELP WITH PATIENT EQUIPMENT AND THE OVERALL HOSPITAL EXPANSION.
THE FOUNDATION PROVIDED FUNDS FOR 54 SCHOLARSHIPS TO AREA HIGH SCHOOL GRADUATES PURSUING CAREERS IN HEALTH CARE SERVICES. 2021 SCHOLARSHIPS TOTALED $52,749.
THE FOUNDATION DONATED $97,129 TO LOCAL CHARITABLE ORGANIZATIONS TO SUPPORT THEIR COMMUNITY PROGRAMS AND $8,639 TO LOCAL INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Kirtley President | OfficerTrustee | 2 | $0 |
Joseph Black Treasurer | OfficerTrustee | 2 | $0 |
Jim Plump Secretary (beg) | OfficerTrustee | 2 | $0 |
Rosemary Weir Vice President | OfficerTrustee | 2 | $0 |
Dana Bollinger Member | Trustee | 2 | $0 |
Jack Mccory Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,275 |
| Related organizations | $22,675 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,358 |
| Total Program Service Revenue | $0 |
| Investment income | $54,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $442,498 |
| Net Income from Fundraising Events | $8,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $937,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $556,593 |
| Grants and other assistance to domestic individuals. | $61,388 |
| 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 | $46,891 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $703,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $326,714 |
| 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 | $4,032,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,359,436 |
| 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 | $1,308,855 |
| Net assets with donor restrictions | $3,050,581 |
| 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 | $4,359,436 |
Grants Awarded
Over the last fiscal year, Jackson County Schneck Memorial Hospital Foundation Inc has awarded $542,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Seymour, IN PURPOSE: TO SUPPORT THE JACKSON COUNTY SCHNECK MEMORIAL HOSPITAL | $459,216 |
Indianapolis, IN PURPOSE: SPONSORSHIP | $50,000 |
Louisville, KY PURPOSE: SPONSORSHIP | $13,284 |
Seymour, IN PURPOSE: SPONSORSHIP | $10,000 |
Loisville, KY PURPOSE: SPONSORSHIP OF ANNUAL CONVENTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jackson County Schneck Memorial Hospital Foundation Inc has recieved totaling $30,384.
| Awarding Organization | Amount |
|---|---|
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: EDUCATIONAL MATERIALS/EQUIPMENT/SUPPLIES | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $384 |
Endowment Analysis
| Beg. Balance | $3,008,245 |
| Earnings | $117,526 |
| Net Contributions | $411,041 |
| Other Expense | $486,231 |
| Ending Balance | $3,050,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |