Form 990 for tax year 2024
Filed by MOBRIDGE REGIONAL HEALTH CARE FOUNDATION.
Totals
- Total revenue
- $387,617
- Total expenses
- $517,804
- Contributions and grants received
- $329,547
- Grants paid
- $507,000
- Program service revenue
- $0
- Investment income
- $66,054
- Other revenue
- -$7,984
- Total assets, end of year
- $1,502,919
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,502,919
- Program services expenses (Part IX)
- $507,452
- Management and general expenses
- $8,981
- Fundraising expenses
- $1,371
- Program service expenses (Part III)
- $507,452
Program services were 98.0% 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
$34,330
-
1f · All other contributions, gifts and grants
$295,217
-
3 · Investment income
total $26,489 · excluded $26,489
-
7a · Gross sales of assets other than inventory
other assets $39,565
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $39,565
-
7d · Net gain or loss
total $39,565 · excluded $39,565
-
8a · Fundraising events: gross income
$26,347
-
8a · Fundraising events: contributions included on line 1c
$34,330
-
8b · Fundraising events: direct expenses
$34,331
-
8c · Net income from fundraising events
total -$7,984 · excluded -$7,984
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $500,000 · program services $500,000
-
2 · Grants to domestic individuals
total $7,000 · program services $7,000
-
11c · Fees: accounting
total $2,676 · management and general $2,676
-
13 · Office expenses
total $7,632 · management and general $6,261 · fundraising $1,371
-
24e · All other expenses
total $496 · program services $452 · management and general $44
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $552,093 · end of year $405,168
-
3 · Pledges and grants receivable
beginning of year $66,250 · end of year $31,250
-
11 · Investments: publicly traded securities
beginning of year $957,948 · end of year $1,066,501
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,576,291 · end of year $1,502,919
Mission and programs · 2024
Mission
The primary purpose of the corporation is to encourage and promote on a long-term and continuing basis the gifts of funds and property to be used for charitable, scientific, educational and building programs of Mobridge Regional Hospital in assisting, promoting and advancing the care of the ill, injured, aged and infirm and fostering the good health of the people it serves.
Activities or mission (Part I)
Fundraising outreach for the Mobridge Regional Hospital & Clinics.
-
Support of Hospital Building and Expansion ProgramThe MRHC Foundation provided financial support through the Healthy Futures Capital Campaign to assist with the expansion and renovation of Mobridge Regional Hospital and Clinics (MRH&C). During the fiscal year, the foundation distributed $500,000 to support construction of expanded patient care facilities, helping improve access to healthcare services for the communities served by MRH&C.
Expenses $500,452 · Grants $500,000
-
Scholarship ProgramAwarded scholarships to individuals pursuing healthcare-related education to encourage workforce development and support the long-term availability of healthcare professionals serving rural communities.
Expenses $7,000 · Grants $7,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Travis Vetch
President
- Total calculated
- $0
- Hours/week
- 1
-
Deb Brekke
Vice President
- Total calculated
- $48,778
- From this org
- $0
- From related orgs
- $46,905
- Other
- $1,873
- Hours/week
- 1 + 24 related
-
Mark Dady
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Josh Wudel
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jan Brockel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nancy McClellan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Wientjes
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Darcy Kosters
Foundation Director
- Total calculated
- $85,828
- From this org
- $0
- From related orgs
- $58,986
- Other
- $26,842
- Hours/week
- 5 + 35 related
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
-
$500,000
Building project
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.
-
501(c)(3) · Providing healthcare · SD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202632259349300543
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