Memorial Hospital Foundation
- Assets
- $0.0
- Revenue
- $54.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MN
- Founding
- Data as of
- 09/2018
- EIN
- 41-1706602
Organization Overview
Memorial Hospital Foundation is located in Cambridge, MN.
For the year ending 09/2018, Memorial Hospital Foundation generated $54.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $6.7k during the year ending 09/2018. As we would expect to see with falling revenues, expenses have declined by (75.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Hendrickson Secretary/tr | 1 | $0 | |
Loren Nelson President | 1 | $0 | |
Lowell Becker MD Board Member | 1 | $0 | |
Ray Magnuson MD Board Member | 1 | $0 | |
Alvin E Berglund MD Board Member | 1 | $0 | |
Del Larson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $594 |
| Total operating and administrative expenses | $4,789 |
| Contributions, gifts, grants paid | $1,912 |
| Total expenses and disbursements | $6,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Foundation has awarded $103,383 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANOKA RAMSEY COMMUNITY COLLEGE PURPOSE: STUDENT NURSING SCHOLARSHIPS | $25,000 |
CAMBRIDGE MEDICAL CENTER FOUNDATION PURPOSE: NON-PROFIT HOSPITAL EMERGENCY ROOM EXPANSION PROJECT | $20,000 |
Cambridge, MN PURPOSE: PROVIDE RESOURCES FOR HOMELESS FAMILIES | $10,000 |
INDIVIDUAL STUDENTS PURPOSE: SCHOLARSHIPS FOR STUDENTS STUDYING IN THE MEDICAL FIELD. | $6,500 |
YOUNG LIFE-SPIRIT RIVER EAST CENTRA PURPOSE: YOUTH RESOURCE CENTER | $5,000 |
Pine City, MN PURPOSE: NURSING SCHOLARSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Illinois Electrical Coop Carthage, IL | $25,735,291 | $9,998,239 |
Safe Families For Children Alliance Chicago, IL | $3,523,068 | $9,924,305 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Cox Health Systems Hmo Inc Springfield, MO | $37,618,692 | $12,571,299 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Logan Health - Shelby Kalispell, MT | $10,902,864 | $9,872,273 |
Alliance Nctn Foundation Chicago, IL | $4,276,385 | $9,494,506 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Roderick And Solange Macarthur Justice Center Niles, IL | $137,820,704 | $9,175,098 |