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Fairmont Community Hospital Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411658658 ✦ Fairmont, MN ✦ Designated as a 501(c)(3)

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Overview

What is Fairmont Community Hospital Foundation?

Fairmont Community Hospital Foundation is a nonprofit organization situated in Fairmont, Minnesota. Their primary mission is to enhance healthcare services by procuring necessary equipment and supplies for Fairmont Medical Center – Mayo Health System, which they achieve through charitable support. This commitment to improving health care is carried out by a dedicated team of one individual. The foundation's activities extend to providing essential resources that directly impact the quality of care offered at the medical center.


Official website here: www.fchfoundation.com

Is Fairmont Community Hospital Foundation legitimate?

Fairmont Community Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmont Community Hospital Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,094

For more financial information, click here


Official website here: www.fchfoundation.com

What is the mission statement of Fairmont Community Hospital Foundation?

The Fairmont Community Hospital Foundation's mission is centered around enhancing healthcare services. It accomplishes this goal through charitable support. Specifically, the foundation contributes by purchasing necessary equipment and supplies for the Fairmont Medical Center, which is affiliated with Mayo Health System. By doing so, it aims to improve the overall healthcare facilities and services, ultimately benefiting the community it serves.


Official website here: www.fchfoundation.com

Who is the CEO of Fairmont Community Hospital Foundation?

Marilyn Forstrom is the President of Fairmont Community Hospital Foundation.


Official website here: www.fchfoundation.com

What is the revenue of Fairmont Community Hospital Foundation?

Fairmont Community Hospital Foundation's revenue in 2022 was $297,666.


Official website here: www.fchfoundation.com

Who are the executives of Fairmont Community Hospital Foundation and what are their salaries?

The average compensation at Fairmont Community Hospital Foundation during 2022 was $43,094. There is 1 employee and 15 volunteers at Fairmont Community Hospital Foundation.


Here are 4 key members and their salaries:


Marilyn Forstrom (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Miller (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Logan Peymann (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Wohlhuter (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fchfoundation.com

Where can I find the form 990 for Fairmont Community Hospital Foundation?

Fairmont Community Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fchfoundation.com

Learn more at the official website: www.fchfoundation.com

Mission Statement of Fairmont Community Hospital Foundation

Fairmont Community Hospital Foundation, a charitable organization, is dedicated to enhancing healthcare services. Their mission is to support healthcare provision by procuring necessary equipment and supplies for Fairmont Medical Center - Mayo Health System. By doing so, the foundation aims to contribute positively to the healthcare sector, ultimately improving patient care and outcomes.

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Impact




October, 2024

Fairmont Community Hospital Foundation significantly impacts local healthcare by enhancing medical services and facilities for the community. The foundation actively raises funds and channels charitable support to acquire essential medical equipment and supplies for Fairmont Medical Center - Mayo Health System. This dedicated effort ensures that the hospital is equipped with modern technology and resources, ultimately improving patient care and health outcomes in the Fairmont area. By investing in healthcare infrastructure, the foundation plays a crucial role in fostering a healthier community.




This information is meant to be a general summary of Fairmont Community Hospital Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$297,666 (2022)
Expenses
$226,811 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $247,981
  • Gross Receipts: $1,108,498

Assets and Liabilities:

  • Total Assets: $4,744,777
  • Total Liabilities: $162,138
  • Net Assets: $4,582,639

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Organization Details

Founding Year

1989

Principal Officer

Marilyn Forstrom

Main Address

PO BOX 804, FAIRMONT, MN, 56031

NTEE Category

Code: E12 - Health

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