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Nonprofiteer
← ALTON MEMORIAL HEALTH SERVICES FOUNDATION

Form 990 for tax year 2023

Filed by ALTON MEMORIAL HEALTH SERVICES FOUNDATION.

Totals

Total revenue
$2,550,400
Total expenses
$1,240,305
Contributions and grants received
$465,230
Grants paid
$1,074,557
Program service revenue
$0
Investment income
$2,022,868
Other revenue
$62,302
Total assets, end of year
$45,006,724
Total liabilities, end of year
$126,739
Net assets or fund balances, end of year
$44,879,985
Program services expenses (Part IX)
$1,084,313
Management and general expenses
$155,992
Fundraising expenses
$0
Program service expenses (Part III)
$1,084,313

Program services were 87.4% 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

    $92,500

  • 1f · All other contributions, gifts and grants

    $372,730

  • 1g · Noncash contributions included above

    $12,072

  • 3 · Investment income

    total $1,031,946 · excluded $1,031,946

  • 7a · Gross sales of assets other than inventory

    securities $3,664,192

  • 7b · Less cost or other basis and sales expenses

    securities $2,673,270

  • 7c · Gain or loss

    securities $990,922

  • 7d · Net gain or loss

    total $990,922 · excluded $990,922

  • 8a · Fundraising events: gross income

    $113,277

  • 8a · Fundraising events: contributions included on line 1c

    $92,500

  • 8b · Fundraising events: direct expenses

    $50,975

  • 8c · Net income from fundraising events

    total $62,302 · excluded $62,302

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,074,557 · program services $1,074,557

  • 11c · Fees: accounting

    total $24,266 · management and general $24,266

  • 11f · Fees: investment management

    total $121,339 · management and general $121,339

  • 23 · Insurance

    total $4,184 · management and general $4,184

  • 24a · Other expenses: PROGRAM EXPENSES

    total $9,756 · program services $9,756

  • 24b · Other expenses: BANK FEES

    total $3,515 · management and general $3,515

  • 24c · Other expenses: MISCELLANEOUS

    total $1,162 · management and general $1,162

  • 24d · Other expenses: MARKETING EXPENSE

    total $1,140 · management and general $1,140

  • 24e · All other expenses

    total $386 · management and general $386

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $923,298 · end of year $635,806

  • 4 · Accounts receivable

    beginning of year $7,845 · end of year $7,842

  • 11 · Investments: publicly traded securities

    beginning of year $35,264,192 · end of year $44,314,452

  • 15 · Other assets

    beginning of year $42,458 · end of year $48,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,486 · end of year $38,266

  • 25 · Other liabilities

    beginning of year $81,819 · end of year $88,473

  • 27 · Net assets without donor restrictions

    beginning of year $24,817,851 · end of year $30,847,216

  • 28 · Net assets with donor restrictions

    beginning of year $11,306,637 · end of year $14,032,769

Mission and programs · 2023

Mission

SUPPORT TO ALTON MEMORIAL HOSPITAL

  • CONTRIBUTIONS TO ALTON MEMORIAL HOSPITAL SUPPORT PATIENT NAVIGATORS IN SEVERAL CATEGORIES LIKE, HEART, CANCER, DIABETES, SCHOOL ATHLETIC TRAINERS, HEALTH EQUITY, ALONG WITH THE DEVELOPMENT OFFICE.

    Expenses $741,672 · Grants $741,672

  • THE FOUNDATION PROVIDED FUNDS TO ALTON MEMORIAL HOSPITAL FOR NURSING EDUCATION EXPENSES. EXPENSES INCLUDE THE COST OF CONTINUING EDUCATION COURSES FOR SEVERAL MEMBERS OF THE NURSING STAFF AND SCHOLORSHIPS FOR STUDENTS PURSUING A NURSING CAREER.

    Expenses $245,376 · Grants $245,376

  • 67 CHILDREN BENEFITED FROM PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES PROVIDED BY ALTON MEMORIAL HOSPITAL FOR CHILDREN WHO HAVE A PHYSICAL DISABILITY, AND FOR WHICH THE FAMILY NEEDED FINANCIAL ASSISTANCE.

    Expenses $91,051 · Grants $91,051

  • PROVIDE SUPPORT FOR ALTON MEMORIAL HOSPITAL STAFF WHO WORK IN NON-NURSING POSITIONS TO TAKE CONTINUING EDUCATION CLASSES, ATTEND WORKSHOPS AND/OR SEMINARS, AND OBTAIN EDUCATIONAL MATERIALS.

    Expenses $6,214 · Grants $6,214

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Milnor

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Kenneth Balsters

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Sandra Lauschke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Thompson

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Mary K Mulrean

    ASST SECRETA

    Total calculated
    $58,716
    From this org
    $0
    From related orgs
    $58,716
    Other
    $0
    Hours/week
    2 + 38 related

  • Dave Braasch

    BOARD MEMBER

    Total calculated
    $578,947
    From this org
    $0
    From related orgs
    $531,377
    Other
    $47,570
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $371,616 related
    Bonus
    not reported + $150,949 related
    Other
    not reported + $8,812 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $47,570 related
    Filer's total
    not reported + $578,947 related

  • Ellar Duff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Irene McLaughlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr David Riedel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael P Tchoukaleff II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Schrimpf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rose Lammers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Nielsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Christine Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Tomerlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
DURING 2023, THE ABOVE INDIVIDUAL RECEIVED SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ACCRUALS FROM A RELATED ORGANIZATION AS REPORTED IN THE DETAILS OF COMPENSATION AND BENEFITS (SEE FORM 990, PART VII AND SCHEDULE J, PART II). DAVID BRAASCH - 37,712

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202500449349301760

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