Kalispell Regional Healthcare Foundation
- Assets
- $20.7m
- Revenue
- $6.2m
- Investments
- $354.6k
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 10/2002
- Data as of
- 03/2022
- EIN
- 31-1703013
Organization Overview
Kalispell Regional Healthcare Foundation, operating under the name Logan Health Foundation, is located in Kalispell, MT. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Health 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 03/2022, Logan Health Foundation generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.6m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Logan Health Foundation has awarded 13 individual grants totaling $14,612,073. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KALISPELL REGIONAL HEALTHCARE FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT ORGANIZATION THAT REINVESTS ALL REVENUES, IN EXCESS OF EXPENSES, BACK INTO ITS MISSION TO ADVANCE HEALTHCARE IN ITS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE ACTIVITIES OF THE TAX-EXEMPT SUBSIDIARIES OF LOGAN HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Mcclafferty Foundation President-Part Year | OfficerTrustee | 50 | $0 |
Craig Lambrecht MD Trustee | OfficerTrustee | 1 | $0 |
Tagen Vine Foundation President-Part Year | OfficerTrustee | 50 | $0 |
Gordon Cross Trustee | Trustee | 1 | $0 |
Jim Oliverson Trustee | Trustee | 1 | $0 |
Jeannie Luckey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,380 |
| Related organizations | $879,450 |
| Government grants | $107,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,730,391 |
| Noncash contributions included in lines 1a–1f | $129,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,873,298 |
| Total Program Service Revenue | $0 |
| Investment income | $227,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,013 |
| Net Income from Fundraising Events | $13,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,239,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,710,702 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,223 |
| Compensation of current officers, directors, key employees. | $92,758 |
| Compensation to disqualified persons | $318,078 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $26,529 |
| Other employee benefits | $76,066 |
| Payroll taxes | $46,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,414 |
| Advertising and promotion | $1,383 |
| Office expenses | $44,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,299 |
| Travel | $3,498 |
| 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 | $3,435 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,590,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,156,255 |
| Savings and temporary cash investments | $4,610,380 |
| Pledges and grants receivable | $594,116 |
| 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 | $0 |
| Investments—other securities | $354,596 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,715,347 |
| Accounts payable and accrued expenses | $140,473 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,461 |
| 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 | $166,934 |
| Net assets without donor restrictions | $3,404,838 |
| Net assets with donor restrictions | $17,143,575 |
| 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 | $20,715,347 |
Grants Awarded
Over the last fiscal year, Kalispell Regional Healthcare Foundation has awarded $1,710,702 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Kalispell, MT PURPOSE: SUPPORT THE ACTIVITIES OF KALISPELL REGIONAL MEDICAL CENTER | $1,340,319 |
Kalispell, MT PURPOSE: SUPPORT THE ACTIVITIES OF THE SUMMIT MEDICAL FITNESS CENTER | $281,971 |
Kalispell, MT PURPOSE: SUPPORT THE ACTIVITIES OF NORTHWEST HORIZONS | $82,462 |
Kalispell, MT PURPOSE: SUPPORT THE ACTIVITIES OF ASSIST - FLATHEAD VALLEY | $5,950 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kalispell Regional Healthcare Foundation has recieved totaling $207,030.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: MONTANA PEDIATRICS GENERAL OPERATIONS | $75,000 |
Childs Play Redmond, WA PURPOSE: EQUIPMENT GRANT AND GIFT | $58,880 |
Whitefish Community Foundation Inc Whitefish, MT PURPOSE: GENERAL SUPPORT | $56,072 |
Montana Equestrian Events Inc Whitefish, MT PURPOSE: BREAST CANCER PROGRAM AND RELATED SERVICES | $17,078 |
Endowment Analysis
| Beg. Balance | $14,668,013 |
| Earnings | $195,718 |
| Net Contributions | $2,701,786 |
| Other Expense | $421,942 |
| Ending Balance | $17,143,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Bozeman Deaconess Foundation Bozeman, MT | $46,305,218 | $4,373,861 |
Eagle Mount - Bozeman Bozeman, MT | $10,240,049 | $4,315,685 |
Kalispell Regional Healthcare Foundation Kalispell, MT | $20,715,347 | $6,239,558 |
Ucross Foundation Clearmont, WY | $37,001,342 | $2,776,463 |
Millicent Merle Atkins Charitable Tr Aberdeen, SD | $36,649,151 | $3,459,076 |
Dignity Freedom Network Nampa, ID | $1,662,454 | $1,805,971 |
Msu Beaver Boosters Inc Minot, ND | $748,448 | $1,205,468 |
Niner Foundation Inc Jackson, WY | $11,473,638 | $320,579 |
Richard Sabala Foundation Inc Mccall, ID | $5,907,976 | $929,734 |
Jane S Heman Foundation Inc Stevensville, MT | $7,898,351 | $551,494 |
Computers For Kids Boise, ID | $188,862 | $719,583 |