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Nonprofiteer
← SKY LAKES MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by SKY LAKES MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$1,340,867
Total expenses
$2,183,231
Contributions and grants received
$583,968
Grants paid
$1,594,059
Program service revenue
$0
Investment income
$765,050
Other revenue
-$8,151
Total assets, end of year
$30,465,230
Total liabilities, end of year
$573,570
Net assets or fund balances, end of year
$29,891,660
Program services expenses (Part IX)
$2,036,814
Management and general expenses
$142,911
Fundraising expenses
$3,506
Program service expenses (Part III)
$2,036,814

Program services were 93.3% 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

    $31,565

  • 1e · Government grants (contributions)

    $141,487

  • 1f · All other contributions, gifts and grants

    $410,916

  • 7a · Gross sales of assets other than inventory

    securities $8,323,246

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

    securities $7,558,196

  • 7c · Gain or loss

    securities $765,050

  • 7d · Net gain or loss

    total $765,050 · excluded $765,050

  • 8a · Fundraising events: gross income

    $0

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

    $31,565

  • 8b · Fundraising events: direct expenses

    $8,151

  • 8c · Net income from fundraising events

    total -$8,151 · excluded -$8,151

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,499,692 · program services $1,499,692

  • 2 · Grants to domestic individuals

    total $94,367 · program services $94,367

  • 5 · Compensation of officers, directors and key employees

    total $266,299 · program services $266,299

  • 8 · Pension plan contributions

    total $8,247 · program services $8,247

  • 9 · Other employee benefits

    total $11,207 · program services $11,207

  • 10 · Payroll taxes

    total $10,853 · program services $10,853

  • 11b · Fees: legal

    total $2,600 · program services $520 · management and general $1,040 · fundraising $1,040

  • 11c · Fees: accounting

    total $6,165 · program services $1,233 · management and general $2,466 · fundraising $2,466

  • 11f · Fees: investment management

    total $139,405 · management and general $139,405

  • 12 · Advertising and promotion

    total $19,091 · program services $19,091

  • 13 · Office expenses

    total $43,363 · program services $43,363

  • 19 · Conferences, conventions and meetings

    total $34,032 · program services $34,032

  • 24a · Other expenses: COMMUNITY ART PROJECTS

    total $47,910 · program services $47,910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $843,326 · end of year $675,967

  • 2 · Savings and temporary cash investments

    beginning of year $141,114 · end of year $208,127

  • 3 · Pledges and grants receivable

    beginning of year $750,000 · end of year $750,000

  • 11 · Investments: publicly traded securities

    beginning of year $22,475,200 · end of year $28,831,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,896 · end of year $109,032

  • 25 · Other liabilities

    beginning of year $126,066 · end of year $464,538

  • 27 · Net assets without donor restrictions

    beginning of year $14,403,663 · end of year $17,846,660

  • 28 · Net assets with donor restrictions

    beginning of year $9,551,015 · end of year $12,045,000

Mission and programs · 2023

Mission

TO ADVANCE THE VISION AND MISSION OF SKY LAKES MEDICAL CENTER THROUGH PHILANTHROPY; THE FOUNDATION'S WORK IS FUNDRAISING AND STEWARDSHIP.

  • SKY LAKES MEDICAL CENTER - FUNDS UTILIZED TO PURCHASE SPECIFIC EQUIPMENT FOR CONSTRUCTION AND OTHER PROJECTS AND PROGRAMS OF THE MEDICAL CENTER.

    Expenses $1,335,160 · Grants $1,335,160

  • OTHER PROGRAMS INCLUDING: (1) PATIENT ASSISTANCE PROGRAMS FOR ITEMS OF COMFORT DURING TREATMENT AND FINANCIAL ASSISTANCE WHEN NEEDED UNDER THE DIRECTION OF THE DIRECTOR OF THE CANCER TREATMENT CENTER AND A CANCER COMMITTEE. PATIENT ASSISTANCE IS ALSO USED BY THE RESOURCE MANAGEMENT DEPARTMENT FOR ITEMS THAT CANNOT BE PURCHASED BY PATIENTS OR THEIR FAMILIES BUT ARE A NECESSITY FOR TREATMENT OR TRAVEL. (2) SCHOLARSHIPS PROVIDED FOR HEALTHCARE PROFESSIONALS AND PLAY AN IMPORTANT ROLE IN SUPPORTING THE HOSPITAL IN ATTRACTING AND RETAINING EXCEPTIONAL CLINICAL STAFF. (3) CHILD ABUSE RESPONSE AND EVALUATION SERVICES (CARES).

    Expenses $701,654 · Grants $258,899

As filed on the 2023 return.

Listed in Part VII

  • CAUBLE DAVID

    PRESIDENT & SECRETARY

    Total calculated
    $649,092
    From this org
    $0
    From related orgs
    $607,563
    Other
    $41,529
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $607,563 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,073 related
    Nontaxable benefits
    $0 + $20,456 related
    Filer's total
    $0 + $649,092 related

  • MCREADIE GORDON

    BOARD MEMBER

    Total calculated
    $530,160
    From this org
    $0
    From related orgs
    $489,424
    Other
    $40,736
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,704 related
    Bonus
    $0 + $36,720 related
    Other
    $0
    Deferred
    $0 + $20,280 related
    Nontaxable benefits
    $0 + $20,456 related
    Filer's total
    $0 + $530,160 related

  • LEDGERWOOD MARTY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SCHIESS TOM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BELL JOHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • BOIVIN AMY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KANDRA CHRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MCINNIS DOUG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MOISA RADU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NEEL BIGGS HEIDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCANLAN JENNIFER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WARREN WENDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WENDT ROD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MONTJOY HOLLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SMITH ANDREW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STORK DAVID

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DRISCOLL MERRITT

    DIRECTOR

    Total calculated
    $157,243
    From this org
    $128,793
    From related orgs
    $0
    Other
    $28,450
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $128,793
    Bonus
    $0
    Other
    $0
    Deferred
    $7,994
    Nontaxable benefits
    $20,456
    Filer's total
    $157,243

  • JESPERSEN LAUREN

    DIRECTOR

    Total calculated
    $136,951
    From this org
    $129,191
    From related orgs
    $0
    Other
    $7,760
    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. 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

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
4 August 2025
IRS schema version
2023v6.0
Source object
202512169349301866

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