Sky Lakes Medical Center Foundation Inc

Organization Overview

Sky Lakes Medical Center Foundation Inc is located in Klamath Falls, OR. The organization was established in 1989. 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. Sky Lakes Medical Center Foundation 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 09/2021, Sky Lakes Medical Center Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $2.2m during the year ending 09/2021. While expenses have increased by 9.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE VISION AND MISSION OF SKY LAKES MEDICAL CENTER THROUGH PHILANTHROPY; THE FOUNDATION'S WORK IS FUNDRAISING AND STEWARDSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SKY LAKES MEDICAL CENTER - FUNDS UTILIZED TO PURCHASE SPECIFIC EQUIPMENT FOR CONSTRUCTION AND OTHER PROJECTS AND PROGRAMS OF THE MEDICAL CENTER.


OTHER PROGRAMS INCLUDING: (1) PATIENT ASSISTANCE PROGRAMS FOR ITEMS OF COMFORT DURING TREATMENT AND FINANCIAL ASSISTANCE WHEN NEEDED UNDER THE DIRECTION OF THE DIRECTOR OF THE CANCER TREATMENT CENTER AND A CANCER COMMITTEE. PATIENT ASSISTANCE IS ALSO USED BY THE RESOURCE MANAGEMENT DEPARTMENT FOR ITEMS THAT CANNOT BE PURCHASED BY PATIENTS OR THEIR FAMILIES BUT ARE A NECESSITY FOR TREATMENT OR TRAVEL. (2) SCHOLARSHIPS PROVIDED FOR HEALTHCARE PROFESSIONALS AND PLAY AN IMPORTANT ROLE IN SUPPORTING THE HOSPITAL IN ATTRACTING AND RETAINING EXCEPTIONAL CLINICAL STAFF. (3) CHILD ABUSE RESPONSE AND EVALUATION SERVICES (CARES).


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Board, Officers & Key Employees

Name (title)Compensation
Lauren Jespersen
Secretary/director
$116,480
Marty Ledgerwood
Chair
$0
Tom Schiess
Vice Chair
$0
Paul Stewart
Board Member
$0
Robert Jackman
Board Member
$0
Doug Mcinnis
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $131,783
All other contributions, gifts, grants, and similar amounts not included above$1,132,706
Noncash contributions included in lines 1a–1f $9,120
Total Revenue from Contributions, Gifts, Grants & Similar$1,264,489
Total Program Service Revenue$0
Investment income $177,269
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,604,564
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,046,322

Grants Awarded

Over the last fiscal year, Sky Lakes Medical Center Foundation Inc has awarded $1,747,338 in support to 2 organizations.

Grant RecipientAmount

SKY LAKES MEDICAL CENTER

Org PageRecipient Profile

Klamath Falls, OR

PURPOSE: ANNUAL GIFT, CARES, HRSA GRANT

$1,598,251

KLAMATH HEALTH PARTNERSHIP

Org PageRecipient Profile

Klamath Falls, OR

PURPOSE: HRSA GRANT

$149,087
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Sky Lakes Medical Center Foundation Inc has recieved totaling $145,614.

Awarding OrganizationAmount
Honzel Family Foundation

Tacoma, WA

PURPOSE: WHERE NEED IS GREATEST

$50,000
Wendt Family Foundation

Klamath Falls, OR

PURPOSE: OPERATIONS

$40,364
Klamath Medical Service Bureau

Klamath Falls, OR

PURPOSE: GENERAL ADMINISTRATION COSTS, SCHOLARSHIPS

$23,250
Oregon Community Foundation

Portland, OR

PURPOSE: Child Welfare

$20,000
Union Pacific Foundation

Omaha, NE

PURPOSE: CRIME AND VIOLENCE (INLCLUDING DOMESTIC VIOLENCE)

$10,000
Graham Family Foundation

Yreka, CA

PURPOSE: SUPPORT FOR MEDICAL CENTER/EQUIPMENT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,079,505
Earnings$1,757,202
Net Contributions$220,491
Other Expense$37,111
Grants$39,000
Ending Balance$6,981,087

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