Minnesota Valley Memorial Hospital Foundation Inc
- Assets
- $1.0m
- Revenue
- $47.9k
- Investments
- $985.2k
- Employees
- 0
- Location
- Le Sueur, MN
- Founding
- 04/1963
- Data as of
- 09/2021
- EIN
- 41-1754182
Organization Overview
Minnesota Valley Memorial Hospital Foundation Inc is located in Le Sueur, MN. The organization was established in 1963. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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. Minnesota Valley Memorial Hospital 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, Minnesota Valley Memorial Hospital Foundation Inc generated $47.9k 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 (6.7%) each year. All expenses for the organization totaled $49.8k 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
PROVIDE SUPPORT AND ENHANCE THE SERVICES PROVIDED TO THE COMMUNITY BY RIDGEVIEW LE SUEUR MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT AND ENHANCE THE SERVICES PROVIDED TO THE COMMUNITY BY RIDGEVIEW LE SUEUR MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Vortherms Vice President | OfficerTrustee | 0.5 | $0 |
Robert Broeder President | OfficerTrustee | 0.5 | $0 |
John Brancamp Treasurer | OfficerTrustee | 0.5 | $0 |
Richard Pinney Secretary | OfficerTrustee | 0.5 | $0 |
Beverly Prenevost Director | Trustee | 0.5 | $0 |
Dave Wagner Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $47,789 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $96 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,885 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| 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 | $47,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,789 |
| 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 | $2,000 |
| 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 | $0 |
| 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 | $25 |
| Total functional expenses | $49,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,851 |
| Savings and temporary cash investments | $30,779 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $985,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,019,836 |
| Accounts payable and accrued expenses | $2,000 |
| 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 | $0 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $0 |
| 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 | $1,017,836 |
| Total liabilities and net assets/fund balances | $1,019,836 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Valley Memorial Hospital Foundation Inc has recieved totaling $37,312.
| Awarding Organization | Amount |
|---|---|
Minnesota Community Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS | $37,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Physicians Neck & Back Clinics Minneapolis, MN | $0 | $7,798,319 |
Sanford Heart of America Health Plan Sioux Falls, SD | $2,683,671 | $1,605,608 |
Hmong American Center Inc Wausau, WI | $815,793 | $701,024 |
Womens Life Care Center Little Canada, MN | $769,461 | $480,384 |
Minnesota Medical Group Management Association Inc St Paul, MN | $272,638 | $209,417 |
Minnesota Alliance For Patient Safety Bloomington, MN | $403,779 | $135,777 |
Iowa Medical Group Management Association Cedar Rapids, IA | $53,644 | $117,319 |
M & M Health Care Inc Marinette, WI | $69,998 | $0 |
Minnesota Valley Memorial Hospital Foundation Inc Le Sueur, MN | $1,019,836 | $47,901 |
Wisconsin Medical Group Management Association Inc Cedar Rapids, IA | $12,671 | $0 |
North Tama Medical Associates Inc Traer, IA | $281,527 | $0 |