Oelwein Community Healthcare Foundation
- Assets
- $4.6m
- Revenue
- $293.0k
- Investments
- $0.0
- Employees
- 19
- Location
- Oelwein, IA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-3988044
Organization Overview
Oelwein Community Healthcare Foundation is located in Oelwein, IA. The organization was established in 2013. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Oelwein Community Healthcare Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oelwein Community 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 12/2021, Oelwein Community Healthcare Foundation generated $293.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $504.5k during the year ending 12/2021. While expenses have increased by 25.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION CONSTRUCTED A HEALTH CLINIC IN OELWEIN, IA TO PROVIDE HEALTH SERVICES TO THE RESIDENTS OF THE COMMUNITY. THE BUILDING IS LEASED TO BUCHANAN COUNTY HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OELWEIN COMMUNITY HEALTHCARE FACILITY WAS FORMED TO RAISE FUNDS FOR THE CONSTRUCTION OF HEALTHCARE FACILTY IN OELWEIN IOWA. THE HEALTHCARE FACILTY BEGAN SEEING PATIENTS IN 2018 BUT CLOSED JUNE 14, 2019. THE FOUNDATION THEN BEGAN RENTING THE FACILTY TO BUCHANAN COUNTY HEALTH CENTER IN SEPTEMBER, 2019 WHO PROVIDES HEALTHCARE IN OELWEIN, IA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Wayne Saur President | OfficerTrustee | 10 | $0 |
Jean Baldwin Secretary | OfficerTrustee | 1 | $0 |
Marty Stasi Treasurer | OfficerTrustee | 1 | $0 |
Jeff Gearhart Vice President | OfficerTrustee | 1 | $0 |
Cj Lensing Director | Trustee | 1 | $0 |
Amy Mcdonough Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $292,964 |
| Investment income | $0 |
| 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 | $292,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $55,574 |
| Pension plan accruals and contributions | $7,517 |
| Other employee benefits | $0 |
| Payroll taxes | $5,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $3,800 |
| 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 | $56 |
| 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 | $260,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,220 |
| Insurance | $5,574 |
| All other expenses | $0 |
| Total functional expenses | $504,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,872 |
| 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 | $106,667 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,441,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,624,696 |
| 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 | $4,411,796 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,411,796 |
| Net assets without donor restrictions | $212,900 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,624,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oelwein Community Healthcare Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Of South Dakota Pierre, SD | $54,773,783 | $91,359,550 |
Union Health Service Inc Chicago, IL | $42,170,759 | $88,933,727 |
Samaritan Ministries International Peoria, IL | $57,762,652 | $49,461,493 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Quartz Health Plan Mn Corporation Madison, WI | $12,772,052 | $31,014,352 |
Delta Dental Plans Association Oak Brook, IL | $18,113,714 | $30,001,197 |
Delta Dental Of Nebraska Omaha, NE | $13,547,591 | $26,037,391 |
Ahs Midwest Management Inc Bolingbrook, IL | $1,065,226 | $4,831,661 |
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Iowa Life And Health Insurance Guaranty Association Des Moines, IA | $11,629,327 | $10,389,227 |
Caringbridge Eagan, MN | $5,186,201 | $10,947,977 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |