Good Samaritan Medical Center Foundation
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, CO
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 84-1649162
Organization Overview
Good Samaritan Medical Center Foundation is located in Lafayette, CO. The organization was established in 2004. 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. Good Samaritan Medical Center 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, Good Samaritan Medical Center Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE REVEAL AND FOSTER GOD'S HEALING LOVE BY IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.
Describe the Organization's Program Activity:
GOOD SAMARITAN MEDICAL CENTER FIRST OPENED ITS DOORS TO THE COMMUNITY IN DECEMBER 2004. THE GOOD SAMARITAN MEDICAL CENTER FOUNDATION WAS ESTABLISHED THE SAME YEAR TO PROVIDE A WAY FOR THE COMMUNITY TO SUPPORT THE HOSPITAL.THE FOUNDATION WORKS WITH DONORS TO ENSURE THAT MEDICAL EXCELLENCE AND COMPASSIONATE CARE ARE ALWAYS AVAILABLE IN THE COMMUNITY WE SERVE. PARTNERING WITH DONORS, WE ARE ABLE TO ENHANCE THE CARE THE MEDICAL CENTER PROVIDES TO PATIENTS AND THEIR FAMILIES.SOME OF OUR AREA'S OF FOCUS ARE:- PATIENT ASSISTANCE: THROUGH THE GENEROSITY OF OUR DONORS, THE FOUNDATION HAS FUNDS AVAILABLE TO SUPPORT PATIENTS IN NEED SO THEY CAN FOCUS THEIR ENERGY WHERE IT SHOULD BE - ON THEIR HEALTH.- MEDICAL EDUCATION: THE FOUNDATION HAS A VARIETY OF EDUCATION AND SCHOLARSHIP FUNDS, SUPPORTED BY OUR DONORS, THROUGH WHICH SCHOLARSHIPS ARE AWARDED TO ASSOCIATES WHO ARE ADVANCING THEIR KNOWLEDGE THROUGH COLLEGE AND OTHER TRAINING PROGRAMS.- PROGRAM AND PROJECT FUNDS: OUR DONORS INVEST IN PROGRAMS AND PROJECTS AT THE MEDICAL CENTER TO ENSURE THAT THE VERY BEST CARE IS ALWAYS AVAILABLE RIGHT HERE IN OUR NEIGHBORHOOD. THESE GIFTS ARE AN INVESTMENT IN THE HEALTH OF OUR COMMUNITY.- COMMUNITY HEALTH AND WELLNESS: THE FOUNDATION WORKS IN-CONJUNCTION WITH SEVERAL LOCAL PARTNERS BY INVESTING IN PROJECTS THAT ENHANCE LIFE AND HEALTH IN THE COMMUNITY WE LOVE.GOOD SAMARITAN MEDICAL CENTER FOUNDATION PROVIDES AND MANAGES THE FOLLOWING GRANT FUNDS.COMMUNITY HEALTH AND WELLNESS - TO PAY COSTS ASSOCIATED WITH THE HEALTH AND WELLNESS OF OUR COMMUNITY AND PATIENTS/FAMILIES. HUMANITARIAN LOAN FUND - TO PROVIDE GRANTS AND NO INTEREST LOANS TO GSMC ASSOCIATES WHO ARE FACING HARDSHIPS.GENERAL PATIENT ASSISTANCE FUND - TO PROVIDE SUPPORT TO GSMC PATIENTS WITH NO OR LIMITED RESOURCES. THE FUND DOES NOT PAY THE COST OF MEDICAL CARE BUT HAS ASSISTED PATIENTS WITH RENT, FOOD, AND OTHER ITEMS THEY NEED.CARDIAC CARE FUND - TO PAY FOR PROGRAMS, PROJECTS AND OTHER NEEDS OF THE GSMC CARDIAC CARE PROGRAM AND PATIENTS.DAVID HAMM LEGACY FUND - TO PROVIDE SCHOLARSHIPS TO GSMC ASSOCIATES WHO ARE PURSUING EDUCATION THAT IMPROVES AND ENHANCES PATIENT CARE.REHAB PATIENT ASSISTANCE FUND - TO PROVIDE ASSISTANCE TO GSMC PATIENTS WHO HAVE FINANCIAL NEED.NICU FUND - TO SUPPORT PROGRAMS AND PROJECTS IN THE GSMC NEONATAL INTENSIVE CARE UNIT.BUSCH FAMILY SCHOLARSHIP FUND - TO PROVIDE SCHOLARSHIPS TO GSMC ASSOCIATES WHO ARE PURSUING EDUCATION THAT IMPROVES AND ENHANCES PATIENT CARE.SIMULATION LAB FUND - TO SUPPORT TRAINING AND THE PURCHASE OF EQUIPMENT IN THE GSMC SIMULATION LAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Busch Vice Chair | OfficerTrustee | 2 | $0 |
Tom Alford Past Chair | OfficerTrustee | 2 | $0 |
Wyman Robb Chair | OfficerTrustee | 2 | $0 |
Edward Pyun Jr MD Secretary | OfficerTrustee | 2 | $0 |
Janet Bonner Executive Dir Foundation | Officer | 50 | $0 |
Peter Benkowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,881 |
| Related organizations | $636,868 |
| Government grants | $24,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,560 |
| Noncash contributions included in lines 1a–1f | $22,921 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,809 |
| Total Program Service Revenue | $0 |
| Investment income | $25,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,715 |
| Net Income from Fundraising Events | -$896 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,154,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $329,714 |
| Grants and other assistance to domestic individuals. | $190,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,463 |
| Compensation of current officers, directors, key employees. | $37,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,117 |
| Pension plan accruals and contributions | $8,107 |
| Other employee benefits | $0 |
| Payroll taxes | $17,402 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $1,100 |
| Advertising and promotion | $38,754 |
| Office expenses | $21,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19,036 |
| Total functional expenses | $1,162,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $82,636 |
| Pledges and grants receivable | $208,469 |
| 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 | $2,425,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,716,579 |
| Accounts payable and accrued expenses | $53,869 |
| 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 | $255,219 |
| Total liabilities | $309,088 |
| Net assets without donor restrictions | $814,562 |
| Net assets with donor restrictions | $1,592,929 |
| 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 | $2,716,579 |
Grants Awarded
Over the last fiscal year, Good Samaritan Medical Center Foundation has awarded $535,348 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Broomfield, CO PURPOSE: SUPPORT GOOD SAMARITAN MEDICAL CENTER | $335,348 |
Broomfield, CO PURPOSE: PROGRAM SUPPORT | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Good Samaritan Medical Center Foundation has recieved totaling $671,904.
| Awarding Organization | Amount |
|---|---|
Scl Health - Front Range Inc Broomfield, CO PURPOSE: PROGRAM SUPPORT | $636,868 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $25,000 |
Mile High United Way Inc Denver, CO PURPOSE: DESIGNATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Endowment Analysis
| Beg. Balance | $65,789 |
| Earnings | $4,689 |
| Other Expense | $1,537 |
| Ending Balance | $68,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
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 |
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 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Anchorum St Vincent Santa Fe, NM | $156,559,426 | $13,078,758 |
Banner Alzheimers Foundation Phoenix, AZ | $39,991,469 | $5,973,985 |
Bhhs Legacy Foundation Phoenix, AZ | $167,586,858 | $10,408,828 |
Integris Health Foundation Inc Oklahoma City, OK | $92,062,321 | $6,628,637 |