Lakewood Regional Healthcare Foundation
- Assets
- $5.2m
- Revenue
- $316.8k
- Investments
- $5.1m
- Employees
- 0
- Location
- Baudette, MN
- Founding
- 05/1998
- Data as of
- 06/2020
- EIN
- 41-1893795
Organization Overview
Lakewood Regional Healthcare Foundation is located in Baudette, MN. The organization was established in 1998. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, 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. Lakewood Regional Healthcare 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 06/2020, Lakewood Regional Healthcare Foundation generated $316.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $87.3k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LAKEWOOD REGIONAL HEALTHCARE FOUNDATION SUPPORTS THE HEALTH CARE SERVICES AND FACILITIES OF LAKEWOOD HEALTH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffry Stampohar President / Chair | OfficerTrustee | 1 | $0 |
Jay Ross VP Operational Finance | Officer | 1 | $0 |
Carrie Davidson Foundation Director | Officer | 1 | $0 |
Stacy Novak Board Member (partial Year) | Trustee | 1 | $0 |
Ashley Malchow Board Member | Trustee | 1 | $0 |
Sandra Laudenslager Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,340 |
| Investment income | $99,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,796 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,648 |
| Advertising and promotion | $0 |
| Office expenses | $164 |
| 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 | $0 |
| Total functional expenses | $87,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,964 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,127,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,163,157 |
| Accounts payable and accrued expenses | $458 |
| 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 | $458 |
| 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 |
| Total liabilities and net assets/fund balances | $5,162,699 |
Grants Awarded
Over the last fiscal year, Lakewood Regional Healthcare Foundation has awarded $76,994 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baudette, MN PURPOSE: GENERAL OPERATING SUPPORT | $68,094 |
LAKE OF THE WOODS SCHOOL PURPOSE: Community Support | $8,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakewood Regional Healthcare Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Familia Robinson Foundation Eden Prairie, MN PURPOSE: SUPPORT HEALTHCARE | $1,000 |
Endowment Analysis
| Beg. Balance | $5,127,193 |
| Earnings | $1,322,905 |
| Other Expense | $4,235 |
| Ending Balance | $6,445,863 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Generations Fertility Care Inc Middleton, WI | $3,682,190 | $7,584,824 |
Healthfirst Network Inc Wausau, WI | $2,983,738 | $4,499,309 |
Jtp Professional Service Corporation Saint Paul, MN | $1,372,681 | $3,107,673 |
Womens Care Center Fargo, ND | $1,718,931 | $1,057,053 |
Healthy Birth Day Inc Des Moines, IA | $737,955 | $1,076,851 |
Everyday Miracles Inc Minneapolis, MN | $85,758 | $839,782 |
The Pregnancy Center Dubuque, IA | $2,548,428 | $759,311 |
Caring Pregnancy Center Inc Fairmont, MN | $623,075 | $890,763 |
Pregnancy Resource Center St Cloud, MN | $675,441 | $664,077 |
We Health Clinic P A Duluth, MN | $896,282 | $658,064 |
Pregnancy Resources Davenport, IA | $1,144,224 | $811,137 |
Amnion Crisis Pregnancy Center Burnsville, MN | $703,029 | $662,983 |