Riverview Healthcare Foundation Inc
- Assets
- $2.2m
- Revenue
- $394.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Crookston, MN
- Founding
- 12/1991
- Data as of
- 09/2021
- EIN
- 41-1699589
Organization Overview
Riverview Healthcare Foundation Inc is located in Crookston, MN. The organization was established in 1991. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview Healthcare 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 09/2021, Riverview Healthcare Foundation Inc generated $394.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $611.0k during the year ending 09/2021. 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 RECEIVE CONTRIBUTIONS FOR THE PURPOSE OF ASSISTING THE RIVERVIEW HEALTHCARE ASSOCIATION TO PROVIDE TO THE RESIDENTS OF ITS SERVICE AREA QUALITY HEALTHCARE AND RELATED HEALTH SERVICES, EDUCATION, RESEARCH, PROMOTION OF HEALTH AND OTHER ACTIVITIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONTRIBUTIONS RAISED BY RIVERVIEW HEALTHCARE FOUNDATION ARE GRANTED TO RIVERVIEW HEALTHCARE ASSOCIATION TO PURCHASE MEDICAL EQUIPMENT AND SUPPLIES FOR PROMOTION OF HEALTHCARE IN THE COMMUNITY. RIVERVIEW HEALTHCARE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Michalksi President & CEO | Officer | 1 | $298,309 |
Betty Arvidson Treasurer & CFO | Officer | 1 | $166,979 |
Randy Schoenborn Foundation Director | Officer | 40 | $76,554 |
Christian Kiel Vice Chair (thru Apr. Of 21) | OfficerTrustee | 1 | $0 |
Marilyn Wentzel Secretary | OfficerTrustee | 1 | $0 |
Marcia Schoenborn Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,827 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,417 |
| Total Program Service Revenue | $0 |
| Investment income | $17,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,660 |
| Net Income from Fundraising Events | -$3,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $494,252 |
| Grants and other assistance to domestic individuals. | $57,027 |
| 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 | $50,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $612 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,017 |
| Fees for services: Other | $72 |
| Advertising and promotion | $1,052 |
| Office expenses | $1,257 |
| 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 | $365 |
| Total functional expenses | $611,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,060,470 |
| Pledges and grants receivable | $513,587 |
| Accounts receivable, net | -$7,972 |
| 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 | $121 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $676,718 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,242,924 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,504 |
| Total liabilities | $16,504 |
| Net assets without donor restrictions | $744,097 |
| Net assets with donor restrictions | $1,482,323 |
| 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 | $2,242,924 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Riverview Healthcare Foundation Inc has recieved totaling $48,647.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: SCHOALRSHIPS | $25,000 |
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: GENERAL OPERATIONS | $15,586 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,702 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metastar Inc Madison, WI | $8,260,290 | $12,383,276 |
Quality Health Associates Of North Dakota Minot, ND | $2,021,633 | $1,909,926 |
Riverview Healthcare Foundation Inc Crookston, MN | $2,242,924 | $394,672 |
Beaver Dam Community Hospitals Fdn Inc Beaver Dam, WI | $5,289,230 | $733,279 |
Jackson Health Care Foundation Inc Jackson, MN | $481,270 | $91,227 |
North Central Health Foundation Inc Wausau, WI | $290,222 | $0 |