Jamestown Regional Medical Center Foundation Inc
- Assets
- $5.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Jamestown, ND
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 36-3348763
Organization Overview
Jamestown Regional Medical Center Foundation Inc is located in Jamestown, ND. The organization was established in 1985. 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. Jamestown Regional Medical Center Foundation Inc 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, Jamestown Regional Medical Center Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $670.9k during the year ending 06/2022. While expenses have increased by 12.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE MONEY FOR THE SOLE PURPOSE OF THE ORGANIZATION IN SUPPORTING AND ENHANCING THE WORK OF JAMESTOWN REGIONAL MEDICAL CENTER IN MEETING ITS HEALTHCARE MISSION IN JAMESTOWN, ND AND ITS SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JAMESTOWN REGIONAL MEDICAL CENTER FOUNDATION'S PRIMARY MISSION IS FUNDRAISING FOR THE BENEFIT OF LUTHERAN CHARITY ASSOCIATION D/B/A JAMESTOWN REGIONAL MEDICAL CENTER. A TOTAL OF 1,290 UNIQUE DONORS CONTRIBUTED TO JRMC FOUNDATION. MONIES BENEFIT THE AREAS OF GREATEST NEED AS DETERMINED BY THE JAMESTOWN REGIONAL MEDICAL CENTER ADMINISTRATION AND BOARD OF DIRECTORS. THE GREATEST NEED CAN INCLUDE EQUIPMENT AND TECHNOLOGY, ENDOWMENT, PATIENT CARE NEEDS, STAFF AND FACILITY UPDATES. DURING THE COVID PANDEMIC, THE FOUNDATION PROVIDED AIDE AND RELIEF TO STAFF BY PROVIDING CARE PACKAGES, MEALS, AND EMPLOYEE ENGAGEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Smette Chair | OfficerTrustee | 1 | $0 |
Kara Falk Np Treasurer | OfficerTrustee | 1 | $0 |
Terry Lund Vice Chair | OfficerTrustee | 1 | $0 |
Terry Nieland Secretary | OfficerTrustee | 1 | $0 |
Mike Delfs CEO | Officer | 1 | $0 |
Beverly Fiferlick CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,981 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,786 |
| Total Program Service Revenue | $0 |
| Investment income | $123,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $415,067 |
| Net Income from Fundraising Events | -$3,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,239,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $298,606 |
| 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. | $112,233 |
| Compensation of current officers, directors, key employees. | $50,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,977 |
| Fees for services: Other | $54,383 |
| Advertising and promotion | $26,444 |
| Office expenses | $18,831 |
| Information technology | $22,313 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,103 |
| Total functional expenses | $670,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $368,136 |
| Pledges and grants receivable | $49,993 |
| 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 | $4,871,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,788 |
| Total assets | $5,399,714 |
| Accounts payable and accrued expenses | $107,633 |
| 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 | $83,546 |
| Total liabilities | $191,179 |
| Net assets without donor restrictions | $1,810,857 |
| Net assets with donor restrictions | $3,397,678 |
| 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 | $5,399,714 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jamestown Regional Medical Center Foundation Inc has recieved totaling $13,586.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $7,000 |
Knights Of Columbus Council 1883 Jamestown, ND PURPOSE: SUPPORT FOR CANCER | $6,586 |
Endowment Analysis
| Beg. Balance | $3,491,902 |
| Earnings | -$593,074 |
| Net Contributions | $158,745 |
| Other Expense | $129,247 |
| Ending Balance | $2,928,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
Mercy Medical Center Williston, ND | $138,014,231 | $90,717,177 |
Sidney Health Center Sidney, MT | $99,470,484 | $97,816,838 |
Benefis Medical Group Inc Great Falls, MT | $555,597,152 | $85,663,728 |
Hutchinson Health Hutchinson, MN | $100,932,571 | $98,923,627 |
Marcus Daly Memorial Hospital Corporation Hamilton, MT | $106,424,756 | $92,436,886 |
Community Hospital Of Anaconda Anaconda, MT | $91,429,573 | $96,787,311 |
Unity Family Healthcare Little Falls, MN | $118,628,912 | $78,028,043 |
Westfields Hospital Inc Minneapolis, MN | $77,938,894 | $82,329,406 |
North Valley Hospital Inc Whitefish, MT | $122,879,839 | $89,258,856 |
Aitkin Community Hospital Inc Aitkin, MN | $131,651,817 | $74,576,888 |
Northern Montana Hospital Havre, MT | $100,637,284 | $81,486,127 |