Iowa Specialty Hospital Foundation Clarion
- Assets
- $3.6m
- Revenue
- $900.4k
- Investments
- $845.0k
- Employees
- 0
- Location
- Clarion, IA
- Founding
- 04/1983
- Data as of
- 06/2023
- EIN
- 42-1186904
Organization Overview
Iowa Specialty Hospital Foundation Clarion is located in Clarion, IA. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Iowa Specialty Hospital Foundation Clarion 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 06/2023, Iowa Specialty Hospital Foundation Clarion generated $900.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $878.8k during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWA SPECIALTY HOSPITAL FOUNDATION - CLARION OPERATES A 21-UNIT ASSISTED LIVING FACILITY PROVIDING HOUSING AND SERVICES TO THE ELDERLY, WITH GUIDED PRINCIPLES THAT SUPPORT THE PHYSICAL AND SOCIAL WELL-BEING OF ITS RESIDENTS. OUR FACILITY IS DESIGNED TO BE OPERATED, STAFFED, AND MAINTAINED TO MEET THE NEEDS AND DESIRES OF OUR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Asbe Trustee/ Foundation Director | 40 | $26,250 | |
Susan Toftey President | 1 | $0 | |
Todd Foss Vice-President | 1 | $0 | |
Chance Coppola Secretary/treasurer | 1 | $0 | |
Paula Abbas Trustee | 1 | $0 | |
Steve Simonin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,898 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66 |
| Capital Gain Net Income | $66 |
| Net ST Capital Gain | $66 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $791,011 |
| Total Revenue | $900,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $278,053 |
| Pension plans, employee benefits | $36,611 |
| Interest | $54,712 |
| Taxes | $20,817 |
| Depreciation | $128,784 |
| Occupancy | $71,914 |
| Travel, conferences, and meetings | $2,258 |
| Printing and publications | $0 |
| Other expenses | $113,601 |
| Total operating and administrative expenses | $871,264 |
| Contributions, gifts, grants paid | $7,490 |
| Total expenses and disbursements | $878,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135 |
| Savings and temporary cash investments | $140,820 |
| 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 | $667 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $845,002 |
| Net Land, buildings, and equipment | $2,245,711 |
| Other assets | $370,888 |
| Total assets | $3,603,223 |
| Accounts payable and accrued expenses | $200,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,897,365 |
| Other liabilities | $0 |
| Total liabilities | $2,097,721 |
Grants Awarded
Over the last fiscal year, Iowa Specialty Hospital Foundation Clarion has awarded $6,599 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA SPECIALTY HOSPITAL - CLARION PURPOSE: EQUIPMENT PURCHASE | $5,599 |
JAIDYN LOCKWOOD PURPOSE: SCHOLARSHIP | $500 |
REED ABBAS PURPOSE: SCHOLARSHIP | $500 |