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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Hendrickson Secretary/tr | 1 | $0 | |
Loren Nelson President | 1 | $0 | |
Del Larson Board Member | 1 | $0 | |
Lowell Becker MD Board Member | 1 | $0 | |
Ray Magnuson MD Board Member | 1 | $0 | |
Alvin E Berglund MD 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 |
|---|---|
PREGNANCY RESOURCE CENTER OF CAMBRI PURPOSE: PREGNANCY RESOURCE CENTER | $5,000 |
YOUNG LIFE-SPIRIT RIVER EAST CENTRA PURPOSE: YOUTH RESOURCE CENTER | $5,000 |
INDIVIDUAL STUDENTS PURPOSE: SCHOLARSHIPS FOR STUDENTS STUDYING IN THE MEDICAL FIELD. | $6,500 |
CAMBRIDGE MEDICAL CENTER PURPOSE: ASSISTANCE FOR GRIEF SUPPORT GROUP | $3,783 |
NEW PATHWAYS INC PURPOSE: PROVIDE RESOURCES FOR HOMELESS FAMILIES | $10,000 |
CAMBRIDGE MEDICAL CENTER FOUNDATION PURPOSE: REACH OUT AND READ ILLITERACY PROGRAM | $4,000 |