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Nonprofiteer
← NORTHWEST MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by NORTHWEST MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$415,259
Total expenses
$433,191
Contributions and grants received
$245,949
Grants paid
$300,122
Program service revenue
$0
Investment income
$150,950
Other revenue
$18,360
Total assets, end of year
$10,579,905
Total liabilities, end of year
$13,158
Net assets or fund balances, end of year
$10,566,747
Program services expenses (Part IX)
$433,191
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$433,191

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $53,846

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $192,103

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $150,950 · excluded $150,950

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $7,039

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

    $53,846

  • 8b · Fundraising events: direct expenses

    $14,185

  • 8c · Net income from fundraising events

    total -$7,146 · excluded -$7,146

  • 10a · Gross sales of inventory

    $77,032

  • 10b · Cost of goods sold

    $51,526

  • 10c · Net income from sales of inventory

    total $25,506 · excluded $25,506

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $295,622 · program services $295,622

  • 2 · Grants to domestic individuals

    total $4,500 · program services $4,500

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,118 · program services $3,118

  • 19 · Conferences, conventions and meetings

    total $2,300 · program services $2,300

  • 20 · Interest

    total $14,984 · program services $14,984

  • 22 · Depreciation, depletion and amortization

    total $108,290 · program services $108,290

  • 24a · Other expenses: Repairs and Maintenance

    total $3,457 · program services $3,457

  • 24b · Other expenses: Caregiver Recognition

    total $920 · program services $920

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,901 · end of year $435,945

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,561,304 · end of year $2,389,821

  • 8 · Inventories for sale or use

    end of year $18,915

  • 10a · Land, buildings and equipment: cost or other basis

    $3,918,580

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,098,535

  • 10c · Land, buildings and equipment, net

    beginning of year $2,928,334 · end of year $2,820,045

  • 11 · Investments: publicly traded securities

    beginning of year $974,242 · end of year $1,060,390

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,866,041 · end of year $3,854,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,811 · end of year $13,158

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,332,205 · end of year $6,153,334

  • 28 · Net assets with donor restrictions

    beginning of year $3,998,806 · end of year $4,413,413

Mission and programs · 2024

Mission

Through acquisition and wise stewardship of assets, the Northwest Medical Center Foundation will ensure that quality medical services are a hallmark of the Northwest Medical Center service area. The Foundation will support the facility and program needs of Northwest Medical Center, seek to improve the health and wellness of area citizens and ensure a perpetually strong organizational foundation for the provision of care.

Activities or mission (Part I)

NORTHWEST MEDICAL CENTER FOUNDATION'S MISSION IS TO ATTRACT AND PROVIDE EXCELLENT PEOPLE, PROGRAMS, SERVICES, AND FACILITIES TO PROMOTE HEALTH, WELLNESS AND SUPERIOR QUALITY OF LIFE.

  • NORTHWEST MEDICAL CENTER FOUNDATION, INC. WILL SUPPORT THE FACILITY AND PROGRAM NEEDS OF THE NORTHWEST MEDICAL CENTER ASSOCIATION, INC., SEEK TO IMPROVE THE HEALTH AND WELLNESS OF AREA CITIZENS AND ENSURE A PERPETUALLY STRONG ORGANIZATIONAL FOUNDATION FOR THE PROVISION OF CARE.

    Expenses $433,191 · Grants $300,122

As filed on the 2024 return.

Listed in Part VII

  • Joann Gibbany

    Former Director/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Alisa Ridge

    Former Director

    Total calculated
    $0
    Hours/week
    1

  • Angelia Martin MD

    Director

    Total calculated
    $319,124
    From this org
    $0
    From related orgs
    $279,216
    Other
    $39,908
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,785 related
    Bonus
    $0 + $7,860 related
    Other
    $0 + $2,571 related
    Deferred
    $0 + $5,725 related
    Nontaxable benefits
    $0 + $34,183 related
    Filer's total
    $0 + $319,124 related

  • Craig Thompson

    Former Director

    Total calculated
    $0
    Hours/week
    1

  • Kent Peterson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Findley DC

    Director/Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Marissa Meyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nathan Luke

    Director

    Total calculated
    $0
    Hours/week
    1

  • Serena Naylor

    Director/Chair

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 4 related

  • Kaitlyn Watson

    Secretary/Treasurer

    Total calculated
    $46,292
    From this org
    $0
    From related orgs
    $35,704
    Other
    $10,588
    Hours/week
    1 + 39 related

  • Katie Dias DO

    President/CEO

    Total calculated
    $384,970
    From this org
    $0
    From related orgs
    $333,026
    Other
    $51,944
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,175 related
    Bonus
    $0 + $64,191 related
    Other
    $0 + $1,660 related
    Deferred
    $0 + $31,585 related
    Nontaxable benefits
    $0 + $20,359 related
    Filer's total
    $0 + $384,970 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION IS ESTABLISHED BY MOSAIC HEALTH SYSTEM, a related tax-exempt organization, USING THE FOLLOWING: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEYS OR STUDIES 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
KATIE DIAS, D.O. - VESTED $0; ACCRUED $29,115 Those listed above have signed a supplemental executive retirement plan which recognizes the value of the individual and the mutual benefit of continued employment for an extended period of time by establishing a 457f plan. The following are the general stipulations of the agreement: 1. The plan is funded yearly as the result of a calculation described in the agreement, which will reward the individual with 100% vesting based on a 5-year cliff vesting schedule. Full vesting in all amounts accrued under the Plan will occur upon attainment of age 65 while employed by Mosaic Health System, death or disability while employed by Mosaic Health System, or involuntary termination of employment with Mosaic Health System without cause. 2. For SERP participants prior to 2019, distribution will occur upon death or upon separation from service due to disability or upon involuntary separation from service without cause. Then a lump sum payment will be disbursed within 90 days of each situation taking into consideration a non-compete covenant. 3. For SERP participants after 2019, distribution will occur upon death or upon separation from service due to disability or upon involuntary separation from service without cause. Then a lump sum payment distributes within 60 days and doesn't take into account non-compete covenant. 4. Separation with cause makes the supplemental executive retirement agreement null and void. 5. If the SERP Participant terminates employment prior to completing the required service period, and such termination occurs before death or disability, the SERP Participant shall forfeit all rights to any portion of the Account that is not vested.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.1
Source object
202611319349303921

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