Aspirus Iron Area Health Foundation
- Assets
- $1.5m
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Iron River, MI
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 38-3762132
Organization Overview
Aspirus Iron Area Health Foundation is located in Iron River, MI. The organization was established in 2007. 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. Aspirus Iron Area 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 12/2021, Aspirus Iron Area Health Foundation generated $56.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $23.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DIRECTLY SUPPORT THE MISSION OF ASPIRUS IRON RIVER HOSPITAL AND CLINICS THROUGH SECURING, DISTRIBUTING AND STEWARDING FINANCIAL INVESTMENTS FOR CRITICAL RESOURCES WHICH WILL ADVANCE HEALTHCARE AND HEALTHY LIFESTYLES EXPECTED BY OUR REGION'S RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF RELATIONSHIPS AND PARTNERSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHERS WHO ENDORSE OUR POSITION TO PROVIDE QUALITY HEALTH CARE, COMMUNITY EDUCATION AND DEVELOPMENT OF NEW PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Tinti Secretary | OfficerTrustee | 2 | $0 |
Randy Jacobs Treasurer | OfficerTrustee | 2 | $0 |
Mark Tousignant Director | Trustee | 2 | $0 |
Glenn Dobson Director | Trustee | 2 | $0 |
Sue Omdahl Director | Trustee | 2 | $0 |
Kurt Anderson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,747 |
| Total Program Service Revenue | $0 |
| Investment income | $51,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $351 |
| 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 | $486 |
| Total functional expenses | $23,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,170 |
| Savings and temporary cash investments | $2,813 |
| 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 | $12,093 |
| Investments—publicly traded securities | $1,474,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,493,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $147,172 |
| 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 | $147,172 |
| Net assets without donor restrictions | $1,346,341 |
| Net assets with donor restrictions | $0 |
| 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 | $1,493,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aspirus Iron Area Health Foundation has recieved totaling $6,533.
| Awarding Organization | Amount |
|---|---|
Superior Health Foundation Marquette, MI PURPOSE: Purchase a Lucas compression device, ACLS and PALS manikins, and training | $6,533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH | $236,017,036 | $24,076,221 |
Northern Michigan Medicalmanagement Petoskey, MI | $2,238,273 | $1,767,851 |
Munson Healthcare Foundations Traverse City, MI | $80,220,847 | $14,056,196 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Catherine Mcauley Health Services Corp Ypsilanti, MI | $19,999,866 | $5,350,635 |
United Food And Commercial Workers Union Local 227 & Employees Health Dayton, OH | $0 | $8,062,923 |
Plumbers Union-55 Health & Welfare Fund Plum Brooklyn Hts, OH | $11,882,405 | $6,956,726 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH | $68,588,287 | $10,915,567 |
Mt Sinai Health Care Foundation Cleveland, OH | $191,747,804 | $29,891,889 |
Plumbers And Pipefitters Local 94 Health & Welfare Fund Canfield, OH | $13,575,441 | $6,717,924 |
Teamsters Local Union 348 Health & Welfare Fund Akron, OH | $7,766,421 | $8,867,898 |
Lions Insurance Company Indianapolis, IN | $32,736,482 | $6,324,847 |