Friends Of Fmc Foundation
- Assets
- $1.5m
- Revenue
- $55.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Baker, MT
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 43-1975486
Organization Overview
Friends Of Fmc Foundation is located in Baker, MT. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Fmc 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, Friends Of Fmc Foundation generated $55.9k 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 (8.9%) each year. All expenses for the organization totaled $59.9k during the year ending 06/2022. 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 COORDINATE FALLON MEDICAL COMPLEX, INC'S FUNDRAISING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF FRIENDS OF FALLON MEDICAL COMPLEX FOUNDATION IS TO PROVIDE, THROUGH ALL OF ITS FUNDS AND ACTIVITIES, DIRECT OR INDIRECT BENEFIT TO FALLON MEDICAL COMPLEX (FMC), A NOT-FOR-PROFIT HEALTHCARE CORPORATION, IN SUPPORT OF ITS MISSION, SO LONG AS FMC QUALIFIES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION OBTAINS AND RECEIVES CONTRIBUTIONS, DONATIONS, GIFTS, OR BEQUESTS ENTIRELY FOR THE DEVELOPMENT OF ONE OR MORE ENDOWMENT FUNDS, TO BE USED FOR FINANCIAL ASSISTANCE TO FMC FOR MEDICAL EDUCATION, EQUIPMENT UPGRADES AND PURCHASES, PHYSICAL PLANT IMPROVEMENTS AND ADDITIONS, PERSONNEL PROGRAMS, AND ANY ASPECT OF PROMOTION AND PUBLIC RELATIONS DEVOTED TO THE DELIVERY OF HEALTH CARE SERVICES IN FMC'S SERVICE AREA.
THE FRIENDS OF FALLON MEDICAL COMPLEX FOUNDATION DISTRIBUTES FUNDS FROM ITS CAPITAL POOL FOR THE PURPOSE OF FUNDING SCHOLARSHIPS TO STUDENTS FROM OUR SERVICE AREA THAT ARE PURSUING A FORMAL EDUCATION IN A HEALTHCARE-RELATED FIELD. THE SCHOLARSHIP PROCESS IS GOVERNED BY ESTABLISHED FORMAL PROGRAM CRITERIA THAT DEFINE HOW REQUESTS ARE TO BE SUBMITTED BY APPLICANTS AND HOW THEY ARE TO BE EVALUATED BY THE BOARD OF DIRECTORS. THE BOARD AWARDED 1 SCHOLARSHIP OF $250. THE OTHER SCHOLARSHIP FUNDS WILL BE AWARDED ONCE THEY FULFILL THE GRADE REQUIREMENTS DURING SUBSEQUENT FISCAL YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosanne Varner President | OfficerTrustee | 0.5 | $0 |
Craig Pinnow Vice President | OfficerTrustee | 0.5 | $0 |
Cori Thurlow Jul-Mar Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Karol Zachmann Foundation Director | Officer | 19 | $0 |
Kim Cuppy Jul-Mar Director | Trustee | 0.5 | $0 |
Doug Varner Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,042 |
| Related organizations | $1,427 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,437 |
| Noncash contributions included in lines 1a–1f | $1,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,906 |
| Total Program Service Revenue | $0 |
| Investment income | $28,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,187 |
| Net Income from Fundraising Events | $1,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,718 |
| Grants and other assistance to domestic individuals. | $250 |
| 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 | $2,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,724 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,526 |
| 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 | $183 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $920 |
| Total functional expenses | $59,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,527,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,527,456 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,106,457 |
| Net assets with donor restrictions | $420,999 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,527,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Fmc Foundation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $259,707 |
| Earnings | $307 |
| Ending Balance | $260,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |
Town Pump Charitable Foundation Butte, MT | $40,763,462 | $8,633,359 |
Pharos Foundation Jackson, WY | $46,452,761 | $4,714,657 |
Foley Family Charitable Foundation Whitefish, MT | $33,136,562 | $2,272,522 |
Fred & Clara Eckert Foundation For Children Williston, ND | $22,065,382 | $6,837,965 |
George B Storer Foundation Inc Jackson, WY | $58,787,234 | $2,111,031 |
The Martin Family Foundation Casper, WY | $32,865,845 | $6,480,338 |