Virginia Gay Trust

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

EIN: 426367590 ✦ Vinton, IA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Gay Trust?

The Virginia Gay Trust is a charitable organization with the primary aim of supporting Virginia Gay Hospital, Inc. Located at 502 N 9th Ave, Vinton, Iowa 52349, the trust has a mission to provide financial backing for the institution's improvements. Specifically, it has pledged capital for an 8 million dollar project that involves expanding the Emergency Room, Imaging Room, and Rehabilitation area, as well as updating medical equipment to enhance healthcare services in the community.

Is Virginia Gay Trust legitimate?

Virginia Gay Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Gay Trust 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: $0

For more financial information, click here

What is the mission statement of Virginia Gay Trust?

The Virginia Gay Trust's mission is to provide financial aid for the enhancement of healthcare facilities and services at Virginia Gay Hospital. Specifically, this involves funding for the expansion of the Emergency Room, Imaging Room, and Rehabilitation area, as well as upgrading medical equipment to improve community care, as outlined in a 8 million dollar construction project.

Who is the CEO of Virginia Gay Trust?

Michele Schoonover is the Chair of Virginia Gay Trust. The CEO's salary of Virginia Gay Trust is $0 and their total compensation is $197,745.

What is the revenue of Virginia Gay Trust?

Virginia Gay Trust's revenue in 2022 was $219,318.

Who are the executives of Virginia Gay Trust and what are their salaries?

There 6 volunteers at Virginia Gay Trust.


Here are 10 key members and their salaries (Virginia Gay Trust's CEO's salary is $0 and their total compensation is $197,745):


John Yundt (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ketchen (Chair (Thru Oct 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Stuefan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mossman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Therese Foth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Michelle Elgin Do (Director)
  • Compensation: $0
  • Related: $262,497
  • Other: $28,249
Bud Maynard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Vermedahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Schoonover (Ceo)
  • Compensation: $0
  • Related: $171,164
  • Other: $26,581
Barry Dietsch (Cfo)
  • Compensation: $0
  • Related: $165,824
  • Other: $4,295
Where can I find the form 990 for Virginia Gay Trust?

Virginia Gay Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Virginia Gay Trust

The Virginia Gay Trust, as an organization, is dedicated to providing financial support for the healthcare facilities and services of Virginia Gay Hospital. Its mission is to aid in the expansion and modernization of the hospital's infrastructure, specifically focusing on the Emergency Room, Imaging Room, and Rehabilitation area. The trust also aims to upgrade the hospital's medical equipment, all with the intention of enhancing the hospital's ability to serve its community more effectively.

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Impact




October, 2024

Virginia Gay Trust has made a significant impact by providing essential capital support to enhance healthcare services in Vinton, IA. The Trust plays a vital role in funding an $8 million construction project at Virginia Gay Hospital, which includes the expansion of the Emergency Room and Imaging Room, as well as improvements to the Rehabilitation area and medical equipment upgrades. These developments are crucial for improving patient care and ensuring that the community has access to modern healthcare facilities. The Trust's efforts directly benefit the health and well-being of residents, demonstrating a commitment to bolstering local healthcare infrastructure.




This information is meant to be a general summary of Virginia Gay Trust. 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
$219,318 (2022)
Expenses
$3,685 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $219,318
  • Gross Receipts: $219,318

Assets and Liabilities:

  • Total Assets: $11,156,331
  • Total Liabilities: $2,714,432
  • Net Assets: $8,441,899

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Organization Details

Founding Year

1983

Principal Officer

Michele Schoonover

Main Address

502 N 9th Ave, Vinton, IA, 52349

NTEE Category

Code: E11 - Health

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