Riverstone Health Foundation

Organization Overview

Riverstone Health Foundation is located in Billings, MT. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverstone 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 06/2021, Riverstone Health Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE LIFE, HEALTH AND SAFETY THROUGH PHILANTHROPY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCORPORATED IN 2008, RIVERSTONE HEALTH FOUNDATION IS A SUPPORTING ORGANIZATION FOR RIVERSTONE HEALTH, RAISING FUNDS TO AUGMENT ACCESSIBLE PRIMARY AND DENTAL HEALTHCARE, MAKE MEDICATIONS MORE AFORDABLE, AND PROVIDE MEDICAL SUPPLIES TO UNDERSERVED OR VULNERABLE POPULATIONS. INSPIRED TO CONNECT THOSE WITH RESOURCES TO THOSE IN NEED, RIVERSTONE HEALTH FOUNDATION PARTNERS WITH SUPPORTERS WHO WISH TO ENHANCE THE HEALTH, LIFE AND SAFETY OF OUR REGION'S FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE.RIVERSTONE HEALTH FOUNDATION ADHERES TO THE "DONOR BILL OF RIGHTS AND USES CHARITABLE DONATIONS FOR THE PURPOSE INTENDED BY THE DONOR.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Nordlund
Chair
$0
John Dorr
Vice Chair
$0
John Felton
Secretary
$0
Greg Wing
Treasurer
$0
Kristie Asay
Executive Director
$0
Dan Carter
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$113,674
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,259,539
Noncash contributions included in lines 1a–1f $398,413
Total Revenue from Contributions, Gifts, Grants & Similar$1,373,213
Total Program Service Revenue$0
Investment income $2,836
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$62
Net Income from Fundraising Events -$55,687
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,320,300

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Riverstone Health Foundation has recieved totaling $41,941.

Awarding OrganizationAmount
Scl Health Montana

Billings, MT

PURPOSE: PROGRAM SUPPORT

$27,633
Montana Community Foundation Inc

Helena, MT

PURPOSE: 2021 ANNUAL DISTRIBUTION

$6,981
Melvin Pete And Lois Hoiness Foundation

Spokane, WA

PURPOSE: PHILANTHROPIC PURPOSES

$5,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$827
Town Pump Charitable Foundation

Butte, MT

PURPOSE: ADOPT A FAMILY

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$94,078
Earnings$30,772
Admin Expense$682
Net Contributions$58,428
Ending Balance$182,596

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