Broadlawns Medical Center Foundation
- Assets
- $3.8m
- Revenue
- $947.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 12/2001
- Data as of
- 06/2022
- EIN
- 42-1527407
Organization Overview
Broadlawns Medical Center Foundation is located in Des Moines, IA. The organization was established in 2001. 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. Broadlawns Medical Center 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 06/2022, Broadlawns Medical Center Foundation generated $947.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $751.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SUCCESS OF BROADLAWNS MEDICAL CENTER BY PROMOTING THE FINANCIAL VIABILITY AND THE IMAGE OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADLAWNS MEDICAL CENTER FOUNDATION SUPPORTS THE MISSION OF BROADLAWNS BY FUNDRAISING AND DISTRIBUTING FUNDS FOR VARIOUS HOSPITAL PROGRAMS AND EQUIPMENT. FUNDS ARE RAISED THROUGH INDIVIDUAL AND CORPORATE DONATIONS, FOUNDATIONS, GRANTS, IN-KIND CONTRIBUTIONS AND SPECIAL EVENTS. REVENUE COLLECTED IS USED TO SUPPORT THE FOLLOWING NEEDS AT BROADLAWNS MEDICAL CENTER. FUNDING WAS SECURED TO SUPPORT THE TEACH JOB TRAINING PROGRAM FOR THE AT-RISK POPULATION WHO FACE EMPLOYMENT BARRIERS. FUNDING WAS ALSO SECURED TO SUPPORT BROADLAWNS SOCIAL SERVICES. LAST YEAR, 70% OF BROADLAWNS PATIENTS WERE NOT COMMERCIALLY INSURED, WITH 15% HAVING NO MEASURE OF INSURANCE AT ALL. OUR PATIENTS HAVE SUBSTANTIAL NEEDS BEYOND MEDICAL CARE AND BROADLAWNS SOCIAL SERVICES CONNECTS THEM WITH RESOURCES TO ADDRESS THEIR SOCIAL DETERMINANTS OF HEALTH. FROM WARM CLOTHING FOR NEWLY SETTLED REFUGEE FAMILIES TO SAFE CAR SEATS FOR NEWBORN BABIES, BROADLAWNS SOCIAL SERVICES PROVIDES NURTURING AND COMPASSIONATE ASSISTANCE FOR OUR PATIENTS. OTHER PHASES OF MODERNIZATION THAT HAVE BEEN COMPLETED IN RECENT YEARS AT BROADLAWNS MEDICAL CENTER INCLUDE THE BIRTHING CENTER, SURGERY EXPANSION PROJECT, ONCOLOGY CENTER, DENTAL CLINIC, FAMILY HEALTH CENTER, GERIATRIC AND MEMORY CENTER, EAST UNIVERSITY CLINIC, PAIN MANAGEMENT CENTER, OUTPATIENT MENTAL HEALTH, EMERGENCY DEPARTMENT, WALK-IN CLINIC, RADIOLOGY, MEDICAL OFFICE BUILDING, MAIN ENTRANCE, FINANCIAL COUNSELING, REGISTRATION AND MORGUE.
THE EMPLOYEES OF BROADLAWNS MEDICAL CENTER PARTICIPATE IN AN ANNUAL CAMPAIGN TO SUPPORT VARIOUS INITIATIVES TO SUPPORT BROADLAWNS AND THE COMMUNITY THAT WE SERVE. IT IS THROUGH THE ANNUAL CAMPAIGN THAT WE ARE ABLE TO DEMONSTRATE TO OUR COMMUNITY DONORS THAT OUR EMPLOYEES ARE COMMITTED TO BROADLAWNS. IN FISCAL YEAR 2022, WE RAISED $127,670.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Clark Chair | OfficerTrustee | 1 | $0 |
Tammy Gentry Chair (thru June 2022) | OfficerTrustee | 1 | $0 |
Eric Waters Vice Chair | OfficerTrustee | 1 | $0 |
Anthony B Coleman Dha President | OfficerTrustee | 1 | $0 |
Karl Vilums Treasurer | OfficerTrustee | 1 | $0 |
Travis Rychnovsky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,788 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,263 |
| Noncash contributions included in lines 1a–1f | $31,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,051 |
| Total Program Service Revenue | $0 |
| Investment income | $800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $620 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $947,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $561,644 |
| 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 | $151,973 |
| 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 | $3,355 |
| Advertising and promotion | $0 |
| Office expenses | $34,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160 |
| 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 | $751,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $352,610 |
| 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 | $750,048 |
| Investments—other securities | $1,521,029 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,036 |
| Total assets | $3,787,772 |
| Accounts payable and accrued expenses | $453,184 |
| 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 | $453,184 |
| 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 | $3,334,588 |
| Total liabilities and net assets/fund balances | $3,787,772 |