Lmh Health Foundation
- Assets
- $16.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 02/1971
- Data as of
- 12/2021
- EIN
- 48-0771515
Organization Overview
Lmh Health Foundation is located in Lawrence, KS. The organization was established in 1971. 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. Lmh Health 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, Lmh Health Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 13.8% 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
LMH HEALTH FOUNDATION INSPIRES COMMUNITY AND PHILANTHROPIC SUPPORT TO STRENGTHEN LMH HEALTH AS A PARTNER FOR LIFELONG HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CANCER CENTER -- DONORS HAVE CONTRIBUTED MORE THAN 3.2 MILLION TOWARD THE EXPANSION AND RENOVATION OF THE LMH HEALTH CANCER CENTER, THROUGH THE END OF 2021. THE GROWTH AND SUCCESS OF THE HOSPITAL'S CANCER CARE PROGRAM HAS LED TO A STEEP INCREASE IN NEED FOR CANCER-RELATED SERVICES AT THE HOSPITAL. PLANS FOR THE PROJECT WILL NEARLY DOUBLE THE PROGRAM'S EXISTING SPACE AT THE HOSPITAL'S MAINE STREET CAMPUS. EFFORTS TO SUPPORT THIS INITIATIVE WILL CONTINUE INTO 2022; THE FOUNDATION'S GOAL IS TO RAISE AS MUCH OF THE ANTICIPATED 7-10 MILLION COST AS POSSIBLE. HOSPITAL LEADERSHIP PLANS TO BEGIN THE UPDATES WITHIN THE NEXT TWO YEARS. THE PROGRAM FUNDS WILL BE TRANSFERRED IN 2022.
ADVANCING HEALTH EQUITY -- HELP AND HEALING FUND WHERE DONOR SUPPORT ENSURES THAT PATIENTS WITH FINANCIAL BARRIERS HAVE THE MEDICATIONS, MEDICAL EQUIPMENT, TRANSPORTATION AND OTHER RESOURCES THAT ARE VITAL TO THEIR RECOVERY; THE LEADERSHIP ACADEMY IS A COLLABORATION AMONG USD 497, LMH HEALTH AND THE LMH HEALTH FOUNDATION. THE PROGRAM OFFERS A PAID EIGHT-WEEK MENTORSHIP, INTRODUCING HIGH SCHOOL STUDENTS TO CAREERS IN HEALTHCARE. IT FOCUSES ON STUDENTS FROM TRADITIONALLY UNDERREPRESENTED BACKGROUNDS IN HEALTHCARE, WHICH IS PART OF OUR ONGOING EFFORTS TO ADDRESS INEQUITY IN HEALTHCARE. THE ACADEMY WAS ABLE TO EXPAND FROM FOUR STUDENTS IN 2020 TO THE NINE STUDENTS IN 2021, WHICH WAS FUNDED BY COMMUNITY DONATIONS TO THE LMH HEALTH FOUNDATION; DONOR FUNDS PROVIDED FOR 98 MAMMOGRAM VOUCHERS IN 2021 FOR PATIENTS WHO WOULDN'T OTHERWISE BE ABLE TO AFFORD CANCER SCREENINGS. A NEW RECORD - MORE THAN DOUBLING THE AMOUNT IN 2019. IN 2021, LMH HEALTH FOUNDATION AWARDED 35 SCHOLARSHIPS TOTALING OVER 31,000 TO OUR HARDWORKING EMPLOYEES AND STUDENTS. GIFTS FROM OUR GENEROUS DONORS MAKE IT POSSIBLE TO SUPPORT THESE INDIVIDUALS WHO ARE FURTHERING THEIR EDUCATION IN HEALTHCARE AND RELATED FIELDS.
NEW LOW-INTERVENTION BIRTHING SUITE -- THANKS TO THE GENEROUS GIFTS FROM OUR MOTHER/BABY FUND DONORS, LMH HEALTH IS ABLE TO REFORMAT A CURRENT LABOR AND DELIVERY ROOM INTO A LOW-INTERVENTION BIRTHING SUITE. FOR MOTHERS WHO WANT TO EXPERIENCE A NATURAL, NON-MEDICATED BIRTH, WE CREATED AN ENVIRONMENT THAT WILL HELP THEM ACHIEVE THEIR GOAL AT OUR HOSPITAL. THIS INCLUDES THE ABILITY TO MOVE FREELY IN THE LABOR ROOM THROUGH USE OF WIRELESS MONITORING OR INTERMITTENT MONITORING, A BIRTHING CHAIR TO ASSIST WITH UPRIGHT POSITIONING FOR LABOR AND PUSHING, USE OF THE TUB FOR PAIN RELIEF AND A CALMING ENVIRONMENT. THIS NEWLY DESIGNED ROOM WILL MEET THE NEEDS OF A SEGMENT OF OUR COMMUNITY CURRENTLY PURSUING OTHER OPTIONS FOR BIRTH AND WILL SERVE OUR CLIENTS WHO WISH TO EXPERIENCE A NON-MEDICATED BIRTH AT LMH HEALTH.
OTHER PROGRAM EXPENSES SUPPORT THE MISSION OF LMH HEALTH AND ITS EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gonzales Vice Preside | OfficerTrustee | 2 | $0 |
Jason Hoover Past Preside | OfficerTrustee | 2 | $0 |
Becki Dick President | OfficerTrustee | 2 | $0 |
Cathy Shenoy Treasurer | OfficerTrustee | 2 | $0 |
Gail Vick Secretary | OfficerTrustee | 2 | $0 |
Rebecca Smith Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,961 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,540,719 |
| Noncash contributions included in lines 1a–1f | $149,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,629,680 |
| Total Program Service Revenue | $0 |
| Investment income | $339,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $571,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,540,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,054,494 |
| Grants and other assistance to domestic individuals. | $29,937 |
| 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 | $396,772 |
| 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 | $74,137 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,585 |
| 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 | $3,857,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,107,587 |
| 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 | $14,072,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,909,765 |
| Accounts payable and accrued expenses | $4,814 |
| 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 | $107 |
| Total liabilities | $4,921 |
| Net assets without donor restrictions | $7,857,252 |
| Net assets with donor restrictions | $9,047,592 |
| 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 | $16,909,765 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lmh Health Foundation has recieved totaling $206,076.
| Awarding Organization | Amount |
|---|---|
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL SUPPORT | $112,076 |
Guidestream Charitable Gift Fund Spring Arbor, MI PURPOSE: Charitable Grant | $50,000 |
Ethel & Raymond F Rice Foundation Lawrence, KS PURPOSE: TO HELP FUND EXPANSION AND UPDATE OF CANCER CENTER. | $25,000 |
H Neil Mecaskey Jr Foundation Inc Lawrence, KS PURPOSE: SURGICAL ROBOTIC TECHNOLOGY | $12,000 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $7,000 |
Endowment Analysis
| Beg. Balance | $9,194,496 |
| Earnings | $1,146,353 |
| Net Contributions | $68,188 |
| Other Expense | -$101,633 |
| Ending Balance | $10,307,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Childrens Mercy Hospital Foundation Kansas City, MO | $285,526,486 | $23,418,206 |
Ozarks Coca-Cola Dr Pepper Bottling Company Group Health Care Trust Springfield, MO | $7,831,308 | $12,060,028 |
Ascension St John Foundation St Louis, MO | $103,759,239 | $15,321,918 |