Hill Country Memorial Hospital Foundation
- Assets
- $43.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Fredericksburg, TX
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 74-2557105
Organization Overview
Hill Country Memorial Hospital Foundation is located in Fredericksburg, TX. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Hill Country Memorial Hospital Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hill Country Memorial Hospital 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, Hill Country Memorial Hospital Foundation generated $2.9m 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 (6.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE OPERATION AND MAINTENANCE OF HILL COUNTRY MEMORIAL HOSPITAL AND ITS RELATED HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
IN 2021, THE FOUNDATION FOR HCM RAISED FUNDS TO SUPPORT THE COVID VACCINATION CLINIC, SUPPORT FOR THE PURCHASE OF EQUIPMENT FOR THE SIMULATION LAB, AND TO SUPPORT THE UPDATED EQUIPMENT IN THE CATH LAB. FUNDS WERE ALSO RAISED FOR THE GENERAL ENDOWMENT FUND, THE QUINN KOTT ENDOWMENT FUND AND NURSE STIPENDS.
HCMH FOUNDATION ACCEPTED GIFTS MADE TO GREATER HILL COUNTRY HOSPICE TO PROVIDE HOSPICE CARE, BEREAVEMENT COUNSELING, INFANT LOSS REMEMBRANCE SERVICES, PATIENT CARE ITEMS AND SUPPLIES LIKE BLANKETS, HEATERS AND FANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Stevens Cfre Executive Director | Officer | 20 | $116,719 |
Mr Kyle Frey Treasurer | OfficerTrustee | 1 | $0 |
Mr Allen Ersch Secretary | OfficerTrustee | 1 | $0 |
Mr Chris Schoessow President | OfficerTrustee | 1 | $0 |
Mr Todd Willingham Vice President | OfficerTrustee | 1 | $0 |
Mr Aaron Beeman Director | Trustee | 0.5 | $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 | $1,826,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,826,038 |
| Total Program Service Revenue | $0 |
| Investment income | $849,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,852,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $888,927 |
| 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. | $136,136 |
| Compensation of current officers, directors, key employees. | $102,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,125 |
| Pension plan accruals and contributions | $9,955 |
| Other employee benefits | $68,352 |
| Payroll taxes | $23,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $185,958 |
| Fees for services: Other | $87,876 |
| Advertising and promotion | $13,684 |
| Office expenses | $65,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,806 |
| Travel | $128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,431 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $623 |
| Insurance | $0 |
| All other expenses | $7,611 |
| Total functional expenses | $1,785,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,274 |
| Savings and temporary cash investments | $2,394,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,095,115 |
| 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 | $80,000 |
| Investments—publicly traded securities | $39,871,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,349 |
| Total assets | $43,801,367 |
| Accounts payable and accrued expenses | $22,073 |
| 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 | $5,062,739 |
| Total liabilities | $5,084,812 |
| Net assets without donor restrictions | $14,722,885 |
| Net assets with donor restrictions | $23,993,670 |
| 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 | $43,801,367 |
Grants Awarded
Over the last fiscal year, Hill Country Memorial Hospital Foundation has awarded $5,257,297 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fredericksburg, TX PURPOSE: SUPPORT OPS | $5,243,933 |
Fredericksburg, TX PURPOSE: SUPPORT OPS | $13,364 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hill Country Memorial Hospital Foundation has recieved totaling $638,687.
| Awarding Organization | Amount |
|---|---|
Don L And Julie Holden Foundation Inc Fredericksburg, TX PURPOSE: SUPPORT THE MEDICAL NEEDS OF THE COMMUNITY | $500,000 |
Stinson Family Foundation Fredericksburg, TX PURPOSE: GENERAL PURPOSESGENERAL PURPOSES | $100,000 |
Stark Martin Charitable Trust Phoenix, AZ PURPOSE: COMMUNITY DEVELOPMENT | $18,000 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX PURPOSE: GENERAL SUPPORT | $15,850 |
Louise Ramer Green Tr Chicago, IL PURPOSE: GENERAL | $4,837 |
Endowment Analysis
| Beg. Balance | $21,012,569 |
| Earnings | $3,534,951 |
| Net Contributions | $20,555 |
| Other Expense | $252,356 |
| Ending Balance | $24,315,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |