Healthcare Foundation Of La Porte Inc
- Assets
- $188.3m
- Revenue
- $6.9m
- Investments
- $173.9m
- Employees
- 0
- Location
- La Porte, IN
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 81-0882387
Organization Overview
Healthcare Foundation Of La Porte Inc is located in La Porte, IN. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Healthcare Foundation Of LA Porte Inc 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 12/2022, Healthcare Foundation Of LA Porte Inc generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERS IN PREVENTION SEE ATTACHMENT - SUMMARY OF DIRECT CHARITABLE ACTIVITIES
TEN 2030 SEE ATTACHMENT - SUMMARY OF DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Siefker Chair | 4 | $0 | |
Michele Magnuson Vice Chair | 2 | $0 | |
Dale Parkison Treasurer | 2 | $0 | |
Stephanie Oberlie Board Member | 2 | $0 | |
Linda Satkoski Secretary | 2 | $0 | |
Kathleen Lang Board Member | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Communications Inc | 12/30/22 | $63,766 |
Newby Lewis Kaminski Jones Llp | 12/30/22 | $64,461 |
Vector Cfo | 12/30/22 | $126,034 |
Northern Trust | 12/30/22 | $364,111 |
Research Triangle Institute | 12/30/22 | $175,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,533 |
| Interest on Savings | $8,473 |
| Dividends & Interest | $4,579,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,167,170 |
| Capital Gain Net Income | $2,167,170 |
| Net ST Capital Gain | $2,167,170 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,939,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $258,220 |
| Other employee salaries and wages | $388,311 |
| Pension plans, employee benefits | $98,179 |
| Interest | $200,854 |
| Taxes | $143,662 |
| Depreciation | $236,551 |
| Occupancy | $107,097 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,078,509 |
| Total operating and administrative expenses | $2,826,724 |
| Contributions, gifts, grants paid | $8,467,969 |
| Total expenses and disbursements | $11,294,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,514,950 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $163,412 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,647,050 |
| Other assets | $0 |
| Total assets | $188,272,044 |
| Accounts payable and accrued expenses | $518,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $6,104,948 |
| Other liabilities | $70,371 |
| Total liabilities | $6,693,398 |