Form 990 for tax year 2023
Filed by MADISON COMMUNITY HOSPITAL FOUNDATION INC.
Totals
- Total revenue
- $240,418
- Total expenses
- $158,299
- Contributions and grants received
- $211,148
- Grants paid
- $40,512
- Program service revenue
- $0
- Investment income
- $43,968
- Other revenue
- -$14,698
- Total assets, end of year
- $1,341,178
- Total liabilities, end of year
- $7,350
- Net assets or fund balances, end of year
- $1,333,828
- Program services expenses (Part IX)
- $40,512
- Management and general expenses
- $45,828
- Fundraising expenses
- $71,959
- Program service expenses (Part III)
- $40,512
Program services were 25.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$53,887
-
1f · All other contributions, gifts and grants
$157,261
-
3 · Investment income
total $38,330 · excluded $38,330
-
7a · Gross sales of assets other than inventory
securities $5,638
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5,638
-
7d · Net gain or loss
total $5,638 · excluded $5,638
-
8a · Fundraising events: gross income
$17,625
-
8a · Fundraising events: contributions included on line 1c
$53,887
-
8b · Fundraising events: direct expenses
$32,323
-
8c · Net income from fundraising events
total -$14,698 · excluded -$14,698
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $39,512 · program services $39,512
-
2 · Grants to domestic individuals
total $1,000 · program services $1,000
-
11a · Fees: management
total $90,783 · management and general $21,069 · fundraising $69,714
-
11c · Fees: accounting
total $7,169 · management and general $7,169
-
13 · Office expenses
total $17,288 · management and general $15,043 · fundraising $2,245
-
23 · Insurance
total $2,547 · management and general $2,547
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,512 · end of year $35,166
-
11 · Investments: publicly traded securities
beginning of year $1,104,557 · end of year $1,234,595
-
12 · Investments: other securities
beginning of year $46,979 · end of year $71,417
-
17 · Accounts payable and accrued expenses
beginning of year $2,701 · end of year $7,350
-
27 · Net assets without donor restrictions
beginning of year $1,027,373 · end of year $1,176,117
-
28 · Net assets with donor restrictions
beginning of year $129,974 · end of year $157,711
Mission and programs · 2023
Mission
TO RAISE FUNDS TO SUPPORT HEALTHCARE SERVICES IN THE GREATER MADISON COMMUNITY.
-
THE MADISON REGIONAL HEALTH FOUNDATION, INC.(THE FOUNDATION) EXISTS TO SUPPORT THE HEALTHCARE AND WELLNESS NEEDS OF THE GREATER MADISON COMMUNITY. THE FOUNDATION WILL SEEK DONATIONS AND RAISE FUNDS TO BE UTILIZED FOR CAPITAL IMPROVEMENTS, ENHANCEMENTS TO PATIENT CARE, TECHNOLOGY UPGRADES AND TO OTHERWISE FULFILL THE MISSION OF HEALTHCARE PHILANTHROPY IN THE MADISON AREA.
Expenses $40,512 · Grants $40,512
As filed on the 2023 return.
Listed in Part VII
-
James EdwardsJAMES EDWARDS
PRESIDENT UNTIL 01/2024
- Total calculated
- $0
- Hours/week
- 1
-
Jeff BloomJEFF BLOOM
DIRECTOR/PRESIDENT FROM 03/2024
- Total calculated
- $0
- Hours/week
- 1
-
Randy CarperRANDY CARPER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ashley CrabtreeASHLEY CRABTREE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Marlin BrozikMARLIN BROZIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick ProstrolloNICK PROSTROLLO
DIRECTOR UNTIL 09/2022
- Total calculated
- $0
- Hours/week
- 1
-
Darrel SimonDARREL SIMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tamara MillerTAMARA MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike KaneMIKE KANE
DIRECTOR FROM 03/2024
- Total calculated
- $0
- Hours/week
- 1
-
Josh AndersonJOSH ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann HylandANN HYLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel SchardinRACHEL SCHARDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kurt PfeifleKURT PFEIFLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephan KlekasSTEPHAN KLEKAS
FOUNDATION DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$38,000
STAFF RECRUITMENT/TUITION ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510979349300121
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