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← GUNDERSEN LUTHERAN MEDICAL FOUNDATION INC

Form 990 for tax year 2023

Filed by GUNDERSEN LUTHERAN MEDICAL FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 14 August 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$23,510,404 changed to $37,379,625
Total expenses
$25,343,177 changed to $35,626,013
Contributions and grants received
$13,625,150 changed to $19,414,762
Grants paid
$2,096,718 changed to $3,779,998
Program service revenue
$8,674,785 changed to $15,322,597
Investment income
$467,013 changed to $1,760,261
Other revenue
$743,456 changed to $882,005
Total assets, end of year
$80,980,166 changed to $97,312,057
Total liabilities, end of year
$4,851,765 changed to $5,298,194
Net assets or fund balances, end of year
$76,128,401 changed to $92,013,863
Program services expenses
$22,013,069 changed to $30,422,250
Management and general expenses
$1,957,161 changed to $3,330,384
Fundraising expenses
$1,372,947 changed to $1,873,379
Program service expenses (Part III)
$22,013,069 changed to $30,422,250

Listed only on the earlier return

  • Chip Schilling
  • Kurt Oettel MD

Listed only on the later return

  • Allan Schilling
  • Andy Ferguson
  • Barbara A Miller
  • Benjamin Jarman MD
  • Brian Sieck MD
  • Darby G Oldenburg
  • Jennifer Kleven MD
  • John Ceelen
  • Julio Bird MD
  • Karen Cowden Dahl
  • Kelley Bahr MD
  • Lindsey M Preston
  • P Michael Jacobs MD
  • Paraic Kenny
  • Praveen Chopra
  • Randi Berg MD
  • Steven Lovrich
  • Todd Mahr MD

Listed under a different title

  • Gerald Oetzel: CHIEF FINANCIAL OFFICER AND TREASURER THRU 8/23 then FORMER CHIEF FINANCIAL OFFICER
  • Gregory Marso CPA Mbt: BOARD OF DIRECTORS - MEMBER then BOARD OF DIRECTORS - MEMBER (THRU 6/24)
  • Rosanne Schulz MPH: BOARD OF DIRECTORS - MEMBER then BOARD OF DIRECTORS - MEMBER (THRU 12/23)
  • Scott Rathgaber MD: CEO, CHAIRMAN then CHIEF EXECUTIVE OFFICER
  • Steve Little: INTERIM CHIEF FINANCIAL OFFICER AND TREASURER BEGIN 8/23 then INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24)
  • Trey Folkers MD: BOARD OF DIRECTORS - MEMBER (BEGIN 3/23) then BOARD OF DIRECTORS - MEMBER (THRU 9/24)

Totals

Total revenue
$23,510,404
Total expenses
$25,343,177
Contributions and grants received
$13,625,150
Grants paid
$2,096,718
Program service revenue
$8,674,785
Investment income
$467,013
Other revenue
$743,456
Total assets, end of year
$80,980,166
Total liabilities, end of year
$4,851,765
Net assets or fund balances, end of year
$76,128,401
Program services expenses (Part IX)
$22,013,069
Management and general expenses
$1,957,161
Fundraising expenses
$1,372,947
Program service expenses (Part III)
$22,013,069

Program services were 86.9% 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

    $1,648,419

  • 1d · Related organizations

    $8,509,375

  • 1e · Government grants (contributions)

    $1,681,299

  • 1f · All other contributions, gifts and grants

    $1,786,057

  • 1g · Noncash contributions included above

    $1,724

  • 2a · Program service revenue: EDUCATION PROGRAMS

    total $7,878,578 · related or exempt $7,878,578

  • 2b · Program service revenue: RESEARCH PROGRAMS

    total $438,625 · related or exempt $429,966 · unrelated business $8,659 · excluded $0

  • 2c · Program service revenue: GLOBAL PARTNERS AND DEVELOPMENT PROGRAMS

    total $142,682 · related or exempt $142,682

  • 2d · Program service revenue: BEREAVEMENT

    total $214,900 · related or exempt $214,900

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,479,717 · excluded $1,479,717

  • 5 · Royalties

    total $534,218 · excluded $534,218

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $15,020,385

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

    securities $16,033,089

  • 7c · Gain or loss

    securities -$1,012,704 · other assets $0

  • 7d · Net gain or loss

    total -$1,012,704 · excluded -$1,012,704

  • 8a · Fundraising events: gross income

    $139,498

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

    $1,648,419

  • 8b · Fundraising events: direct expenses

    $249,810

  • 8c · Net income from fundraising events

    total -$110,312 · excluded -$110,312

  • 9a · Gaming: gross income

    $8,385

  • 9b · Gaming: direct expenses

    $310

  • 9c · Net income from gaming

    total $8,075 · excluded $8,075

  • 10a · Gross sales of inventory

    $452,132

  • 10b · Cost of goods sold

    $145,858

  • 10c · Net income from sales of inventory

    total $306,274 · related or exempt $306,274

  • 11a · Other revenue: ADMINISTRATIVE SERVICES

    total $5,201 · unrelated business $5,201

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $5,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,715,870 · program services $1,715,870

  • 2 · Grants to domestic individuals

    total $380,848 · program services $380,848

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $8,286 · program services $6,150 · management and general $1,247 · fundraising $889

  • 11c · Fees: accounting

    total $1,470 · fundraising $1,470

  • 11f · Fees: investment management

    total $168,302 · management and general $168,302

  • 11g · Fees: other

    total $215,423 · program services $131,885 · management and general $0 · fundraising $83,538

  • 12 · Advertising and promotion

    total $55,318 · program services $52,807 · management and general $2,511

  • 13 · Office expenses

    total $382,291 · program services $239,472 · management and general $66,081 · fundraising $76,738

  • 14 · Information technology

    total $142,232 · program services $82,426 · management and general $2,997 · fundraising $56,809

  • 15 · Royalties

    total $131,767 · program services $131,767

  • 16 · Occupancy

    total $63,762 · program services $60,282 · management and general $3,480

  • 17 · Travel

    total $298,044 · program services $273,388 · management and general $20,869 · fundraising $3,787

  • 19 · Conferences, conventions and meetings

    total $74,612 · program services $60,816 · management and general $555 · fundraising $13,241

  • 22 · Depreciation, depletion and amortization

    total $206,101 · program services $130,601 · management and general $75,500

  • 23 · Insurance

    total $34,549 · program services $8,577 · management and general $15,528 · fundraising $10,444

  • 24a · Other expenses: GUNDERSEN LUTHER ADMN SVS

    total $180,620 · program services $180,588 · management and general $32

  • 24b · Other expenses: MEMBERSHIP DUES & LICENSES

    total $235,131 · program services $137,698 · management and general $647 · fundraising $96,786

  • 24c · Other expenses: LEASED EMPLOYEES

    total $20,678,808 · program services $18,331,873 · management and general $1,320,504 · fundraising $1,026,431

  • 24e · All other expenses

    total $369,743 · program services $88,021 · management and general $278,908 · fundraising $2,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,477,036 · end of year $3,445,494

  • 3 · Pledges and grants receivable

    beginning of year $1,093,101 · end of year $1,088,295

  • 4 · Accounts receivable

    beginning of year $762,470 · end of year $544,768

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,801 · end of year $159,562

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

    $3,969,720

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

    $2,835,153

  • 10c · Land, buildings and equipment, net

    beginning of year $1,230,134 · end of year $1,134,567

  • 11 · Investments: publicly traded securities

    beginning of year $65,779,872 · end of year $68,014,122

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,430,553 · end of year $6,593,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,892 · end of year $184,983

  • 18 · Grants payable

    beginning of year $241,612 · end of year $152,552

  • 19 · Deferred revenue

    beginning of year $1,379,792 · end of year $1,639,667

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $231,066 · end of year $2,874,563

  • 27 · Net assets without donor restrictions

    beginning of year $32,171,056 · end of year $33,186,522

  • 28 · Net assets with donor restrictions

    beginning of year $42,783,549 · end of year $42,941,879

Mission and programs · 2023

Mission

THE MISSION OF GUNDERSEN LUTHERAN MEDICAL FOUNDATION, INC. IS TO IMPROVE THE LIVES OF PATIENTS AND OUR LARGER COMMUNITY THROUGH MEDICAL EDUCATION, RESEARCH, OUTREACH, AND THE PHILANTHROPIC SUPPORTOF GUNDERSEN HEALTH SYSTEM.

Activities or mission (Part I)

TO IMPROVE THE LIVES OF PATIENTS AND OUR LARGER COMMUNITY THROUGH MEDICAL EDUCATION, RESEARCH, OUTREACH, AND THE PHILANTHROPIC SUPPORT OF GUNDERSEN HEALTH SYSTEM.

  • SEE SCHEDULE O.

    Expenses $13,670,093 · Grants $1,302,060 · Revenue $7,878,578

  • SEE SCHEDULE O.

    Expenses $5,710,668 · Grants $543,934 · Revenue $438,625

  • SEE SCHEDULE O.

    Expenses $2,096,719 · Grants $199,710 · Revenue $142,682

  • BEREAVEMENT PROGRAM GUNDERSEN LUTHERAN MEDICAL FOUNDATION, INC. SPONSORS EDUCATIONAL PROGRAMS IN BEREAVEMENT CARE STANDARDS AND HAS DEVELOPED COURSES AND RESOURCES TO SUPPORT HEALTHCARE PROFESSIONAL BEREAVEMENT CARE AND EDUCATION. WE CONTINUE TO DEVELOP AND ENHANCE OUR INNOVATIVE APPROACH TO EDUCATION THROUGH ONLINE LEARNING AND LIVE, VIRTUAL TRAINING. RESOLVE THROUGH SHARING (RTS), A DEPARTMENT OF GUNDERSEN LUTHERAN MEDICAL FOUNDATION, IS AN INTERNATIONALLY RECOGNIZED PROPRIETARY BEREAVEMENT TRAINING PROGRAM. RTS IS KNOWN AS THE GOLD STANDARD IN PERINATAL BEREAVEMENT EDUCATION AND TRAINING.

    Expenses $535,589 · Grants $51,014 · Revenue $521,174

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

Listed in Part VII

  • Kathy Wieser

    BOARD OF DIRECTORS - SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lynnetta Kopp

    BOARD OF DIRECTORS - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mike Binsfeld

    BOARD OF DIRECTORS - TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Stephen Shapiro MD

    BOARD OF DIRECTORS - CHAIRMAN, MEDICAL PARTNER

    Total calculated
    $0
    Hours/week
    2 + 41 related

  • Chip Schilling

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Born MD

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Darla Krzoska

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dustin Cunningham CFP

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gerald Arndt

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gregory Marso CPA Mbt

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kurt Oettel MD

    BOARD OF DIRECTORS - MEMBER (THRU 3/23)

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Leah Reimann MD

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lori Rosenstein MD

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Rosanne Schulz MPH

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sister Mary Ann Gschwind Fspa

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas Koster

    BOARD OF DIRECTORS - MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Trey Folkers MD

    BOARD OF DIRECTORS - MEMBER (BEGIN 3/23)

    Total calculated
    $0
    Hours/week
    2 + 42 related

  • Gerald Oetzel

    CHIEF FINANCIAL OFFICER AND TREASURER THRU 8/23

    Total calculated
    $0
    Hours/week
    0 + 42 related

  • Scott Rathgaber MD

    CEO, CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 46 related

  • Steve Little

    INTERIM CHIEF FINANCIAL OFFICER AND TREASURER BEGIN 8/23

    Total calculated
    $0
    Hours/week
    0 + 42 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

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.

  • GUNDERSEN LUTHERAN ENVISION LLC

    C Corporation · RENEWABLE ENERGY · WI

    Directly controlled by GLHS

  • BEL-REGIONAL HOME MEDICAL INC

    C Corporation · DURABLE MEDICAL EQUIPMENT, RETAIL · WI

    Directly controlled by NA

  • GUNDERSEN EDGE LLC

    C Corporation · INNOVATION · WI

    Directly controlled by GLHS

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202432289349301963

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