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← ELY HEALTH AND HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by ELY HEALTH AND HOSPITAL FOUNDATION.

Totals

Total revenue
$597,911
Total expenses
$1,067
Contributions and grants received
$576,989
Grants paid
$0
Program service revenue
$0
Investment income
$20,922
Other revenue
$0
Total assets, end of year
$1,588,649
Total liabilities, end of year
$100,000
Net assets or fund balances, end of year
$1,488,649
Program services expenses (Part IX)
$0
Management and general expenses
$1,067
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARY ANN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • CRYSTAL CHOPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • RIANA HEGMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • TIMOTHY RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • JOHN SAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • DEVON LUTHENS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • ROBERT WILMUNEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • TODD HEIMAN

    TREASURER (UNTIL 12/31/24)

    Total calculated
    $0
    Hours/week
    1.25 + 0.25 related

  • STEPHEN PETERSON SR

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • BARBARA SODERBERG

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • PATTI BANKS

    CEO

    Total calculated
    $325,973
    From this org
    $0
    From related orgs
    $267,454
    Other
    $58,519
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,336 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $118 related
    Deferred
    $0 + $10,549 related
    Nontaxable benefits
    $0 + $47,970 related
    Filer's total
    $0 + $325,973 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

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)

PART I, LINE 3
ELY HEALTH AND HOSPITAL FOUNDATION DOES NOT COMPENSATE ANY EMPLOYEES. THE CEO IS COMPENSATED BY THE ELY-BLOOMENSON COMMUNITY HOSPITAL, A RELATED ORGANIZATION. THE COMPENSATION IS ESTABLISHED USING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

No itemized grants to organizations 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.

  • ELY-BLOOMENSON COMMUNITY HOSPITAL

    501(C)(3) · TO PROVIDE HEALTHCARE TO THE RESIDENTS AND VISITORS TO THE ELY, MN AREA · MN · controlled entity

    Directly controlled by ELY HEALTH AND HOSPITAL FOUNDATION

  • ELY HEALTH & HOSPITAL FUND

    501(C)(3) · TO PROVIDE SUPPORT TO ELY-BLOOMENSON COMMUNITY HOSPITAL FOR HEALTHCARE · MN · controlled entity

    Directly controlled by ELY HEALTH AND HOSPITAL FOUNDATION

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602269349302620

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