Ivinson Memorial Hospital Foundation
- Assets
- $23.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 01/1983
- Data as of
- 06/2021
- EIN
- 83-0259429
Organization Overview
Ivinson Memorial Hospital Foundation is located in Laramie, WY. The organization was established in 1983. 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. Ivinson 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 06/2021, Ivinson Memorial Hospital Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $637.9k during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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
TO GUARANTEE THE FUTURE OF EXCEPTIONAL HEALTH CARE IN LARAMIE BY ACQUIRING AND MANAGING ASSETS IN SUPPORT OF IVINSON MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAM SUPPORT AND SUPPLIES TO VARIOUS DEPARTMENTS IN THE IVINSON MEMORIAL HOSPITAL. THESE DEPARTMENTAL REQUESTS ARE ABOVE AND BEYOND THE FUNDING PROVIDED BY THE HOSPITAL. THE FUNDING COMMITTEE REVIEWS FUNDING REQUESTS ANNUALLY AND PROVIDES SUPPORT AS FUNDS ALLOW.
THE FOUNDATION PROVIDES PROGRAM SUPPORT THROUGH SUPPORTING TRAINING AND EDUCATION OF HOSPITAL STAFF FROM VARIOUS DEPARTMENTS. THROUGH A SMALL GRANTS PROGRAM THE FOUNDATION SUPPORTS ACQUISITION OF EQUIPMENT THAT UPGRADES THE ABILITY OF DEPARTMENTS TO PROVIDE MEDICAL SUPPORT TO PATIENTS. ABOUT EVERY 8 YEARS THE FOUNDATION PURCHASES A LINEAR ACCELERATORS FOR THE MEREDITH AND JEANIE RAY CANCER CENTER, THREE SUCH LINACS HAVE BEEN PURCHASED. THE FOUNDATION FUNDED THE RENOVATION OF INFUSION ROOMS IN THE CANCER CENTERS INCLUDING CHAIRS THAT PROVIDE HEAT, VIBRATION, AND OTHER COMFORTS TO PATIENTS UNDERGOING CHEMOTHERAPY INFUSIONS. IT SUPPORTED THE ACQUISITION OF NEW MORE COMFORTABLE FURNITURE IN FOR FAMILY MEMBERS WAITING FOR CANCER CENTER PATIENTS. THE FOUNDATION IS SUPPORTING DEVELOPMENT OF A RESPITE ROOM FOR FAMILY MEMBERS OF NEAR-DEATH OR OTHERWISE CRITICAL PATIENTS. THE FOUNDATION SUPPORTED ACQUISITION OF A 3-D MAMMOGRAPHY UNIT. THE FOUNDATION THROUGH THE WOMEN OF COURAGE PROVIDES FUNDING FOR BREAST EXAMINATION OF UNINSURED PATIENTS IN THE COMMUNITY NEEDING SUCH SUPPORT. WOMEN OF COURAGE ALSO SUPPORTS EMPLOYEE ASSISTANCE PROGRAMS. THE FOUNDATION PROVIDED SUPPORT TO HOSPITAL EMPLOYEES WHOSE FAMILIES WERE IN NEED DUE TO THE COVID-19 PANDEMIC. THE FOUNDATION PROVIDED HIGH QUALITY VIDEO BOARDS FOR IN ENTRY AND WAITING AREAS OF THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Negich Phr Vice Preside | OfficerTrustee | 0.8 | $0 |
Duane Cattles President | OfficerTrustee | 0.8 | $0 |
William A Gern PHD Treasurer | OfficerTrustee | 0.1 | $0 |
Kem Krueger Secretary | OfficerTrustee | 0.1 | $0 |
Nancy Stutzman Past Preside | OfficerTrustee | 0.8 | $0 |
Rebecca Miller Officer At L | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,463 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $816,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,748 |
| Total Program Service Revenue | $0 |
| Investment income | $574,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,397,767 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,039 |
| Fees for services: Accounting | $31,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,765 |
| Advertising and promotion | $823 |
| Office expenses | $468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $213 |
| 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 | $478,851 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,717 |
| All other expenses | $4,755 |
| Total functional expenses | $637,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $809,635 |
| 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 | $240,472 |
| Investments—publicly traded securities | $21,998,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $365 |
| Total assets | $23,048,495 |
| 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 | $18,821,124 |
| Net assets with donor restrictions | $4,227,371 |
| 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 | $23,048,495 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ivinson Memorial Hospital Foundation has recieved totaling $1,942.
| Awarding Organization | Amount |
|---|---|
Stagepoint Community Foundation Laramie, WY PURPOSE: DONATION | $1,942 |
Endowment Analysis
| Beg. Balance | $3,791,823 |
| Earnings | $1,079,147 |
| Admin Expense | $37,209 |
| Net Contributions | $58,743 |
| Ending Balance | $4,892,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Colorado Aurora, CO | $82,093,009 | $83,634,680 |
Childrens Hospital & Medical Center Foundation Omaha, NE | $482,957,536 | $27,549,600 |
Montana Contractors Association Health Care Trust Billings, MT | $43,826,014 | $40,627,147 |
Ibew Local Union No 347 Health & Welfare Fund Salt Lake City, UT | $63,675,578 | $34,998,053 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
St Patrick Hospital Foundation Missoula, MT | $38,164,577 | $6,581,612 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Rocky Mountain Adventist Healthcare Foundation Denver, CO | $20,783,386 | $6,576,256 |