Craig Hospital Foundation
- Assets
- $22.3m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 02/1974
- Data as of
- 09/2021
- EIN
- 23-7352287
Organization Overview
Craig Hospital Foundation is located in Englewood, CO. The organization was established in 1974. 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. Craig Hospital 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 09/2021, Craig Hospital Foundation generated $10.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $7.9m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Craig Hospital Foundation has awarded 21 individual grants totaling $69,068,962. 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
TO MANAGE THE CHARITABLE DEVELOPMENT PROCESS FOR CRAIG HOSPITAL; TO INCLUDE THE SOLICITATION, DISTRIBUTION, AND INVESTMENT OF DONATIONS IN SUPPORT OF THE HOSPITAL'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT ASSISTANCE PROGRAM: INCLUDES PAYMENT TOWARDS MOBILITY EQUIPMENT AND DURABLE MEDICAL EQUIPMENT, FINANCIAL ASSISTANCE RELATED TO SHELTER NEEDS SUCH AS HOME MODIFICATIONS, SCHOLARSHIPS TO PARTICIPATE IN FURTHERING EDUCATION GOALS, AND STIPENDS TO PARTICIPATE IN THERAPEUTIC RECREATION ACTIVITIES SUCH AS SCUBA DIVING, RAFTING, SKIING AND BIKING
RESEARCH SUPPORT: INCLUDES FINANCIAL SUPPORT OF CLINICAL AND OTHER RESEARCH DIRECTED TOWARDS PATIENTS THAT SUSTAINED SPINAL CORD AND TRAUMATIC BRAIN INJURIES
HOSPITAL PROGRAM SUPPORT: INCLUDES PAYMENT TOWARDS NURSING AND PATIENT EDUCATION, RESEARCH, CAPITAL EQUIPMENT, THERAPEUTIC RECREATION PROGRAMS SUCH AS HORTICULTURE AND ADVENTURE PROGRAMS, AND NURSE ADVICE TELE-HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Lowe Interim Exec. Dir. (end 6/21)/ Sr. Dir. Philanthropy & Principal Gifts | OfficerTrustee | 40 | $0 |
Serena Bruzgo Executive Director (start 6/21) | OfficerTrustee | 40 | $0 |
Jenny Hopkins Chair | OfficerTrustee | 4 | $0 |
John Robb Secretary/treasurer | OfficerTrustee | 2 | $0 |
Jandel Allen Davis MD President/ceo Craig Hospital | OfficerTrustee | 8 | $0 |
Daniel J Frank CFO Craig Hospital | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,378,019 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,058,574 |
| Noncash contributions included in lines 1a–1f | $702,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,436,593 |
| Total Program Service Revenue | $0 |
| Investment income | $314,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $986,379 |
| Net Income from Fundraising Events | -$11,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,725,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,025,605 |
| Grants and other assistance to domestic individuals. | $1,666,285 |
| 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 | $52,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,572 |
| Payroll taxes | $3,999 |
| 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 | $33,744 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,260 |
| Office expenses | $37,054 |
| Information technology | $3,370 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,872,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,592 |
| Savings and temporary cash investments | $8,811,233 |
| Pledges and grants receivable | $1,032,129 |
| 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 | $11,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,291,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,342,893 |
| Accounts payable and accrued expenses | $219,297 |
| 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 | $505,602 |
| Total liabilities | $724,899 |
| Net assets without donor restrictions | $5,977,667 |
| Net assets with donor restrictions | $15,640,327 |
| 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 | $22,342,893 |
Grants Awarded
Over the last fiscal year, Craig Hospital Foundation has awarded $23,621,212 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Englewood, CO PURPOSE: Program and Research support | $5,805,303 |
Englewood, CO PURPOSE: Program and Research support | $5,805,303 |
Englewood, CO PURPOSE: Program and Research support | $5,805,303 |
Englewood, CO PURPOSE: Program and Research support | $5,805,303 |
SCOTT FALCI MD PC PURPOSE: Research support | $100,000 |
SCOTT FALCI MD PC PURPOSE: Research support | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Craig Hospital Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Aequilibris Trust Scottsdale, AZ PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $500 |
Endowment Analysis
| Beg. Balance | $9,175,879 |
| Earnings | $1,889,606 |
| Net Contributions | $431,146 |
| Other Expense | $254,148 |
| Ending Balance | $11,242,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Antelope Memorial Hospital Neligh, NE | $29,095,684 | $21,690,516 |
Pawnee Valley Community Hospital Inc Larned, KS | $21,161,892 | $18,392,214 |
Ninnescah Valley Health Systems Inc Kingman, KS | $15,148,315 | $17,489,172 |
Amberwell Atchison Association Atchison, KS | $58,039,761 | $15,492,633 |
West Holt Memorial Hospital Atkinson, NE | $20,338,745 | $17,909,746 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Henderson Health Care Services Inc Henderson, NE | $33,867,009 | $17,565,795 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Alegent Health-Memorial Hospital Schuyler Schuyler, NE | $19,620,728 | $12,674,904 |
Konza Prairie Community Health Center Inc Junction City, KS | $7,527,807 | $13,831,200 |