Overview
What is Rooks County Healthcare Endowment Association?
The Rooks County Healthcare Endowment Association is a nonprofit organization, established with the primary objective of facilitating the issuance of NMTCS. This process is utilized for additional construction expenses related to building a new hospital in Plainville. By undertaking this role, the association ensures compliance with federal regulations throughout the period of the debt's life, which totals $7,954,000. The organization's mission is invaluable in expanding healthcare facilities and adhering to regulatory standards in Rooks County.
Is Rooks County Healthcare Endowment Association legitimate?
Rooks County Healthcare Endowment Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rooks County Healthcare Endowment Association 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
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What is the mission statement of Rooks County Healthcare Endowment Association?
The Rooks County Healthcare Endowment Association's primary purpose is to facilitate the issue of NMTCS, which is utilized for additional construction expenses in the building of a new hospital. This is done with the aim of adhering to federal regulations throughout the entire duration of the debt issuance, totaling $7,954,000. The association's mission is directly tied to the construction of a new hospital, ensuring compliance with federal regulations throughout the debt's lifespan.
Who is the CEO of Rooks County Healthcare Endowment Association?
Kathy Ramsay is the President of Rooks County Healthcare Endowment Association.
What is the revenue of Rooks County Healthcare Endowment Association?
Rooks County Healthcare Endowment Association's revenue in 2022 was $160,324.
Who are the executives of Rooks County Healthcare Endowment Association and what are their salaries?
There 3 volunteers at Rooks County Healthcare Endowment Association.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $131,682
- Other: $7,039
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rooks County Healthcare Endowment Association?
Rooks County Healthcare Endowment Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rooks County Healthcare Endowment Association
The Rooks County Healthcare Endowment Association is an organization with a mission to facilitate the issuance of necessary funds for the construction of a new hospital. Their primary goal is to utilize NMTCS, which are specific financial instruments, to cover additional expenses associated with this construction project. The association's mission extends beyond just the initial construction, as they are also committed to complying with federal regulations throughout the term of the debt issued, totaling $7,954,000. This commitment ensures that the issuance of these funds is done in accordance with the relevant federal guidelines. In essence, the Rooks County Healthcare Endowment Association plays a crucial role in facilitating the construction of a new hospital, while adhering to federal regulations throughout the financing process.
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Impact
October, 2024
The Rooks County Healthcare Endowment Association plays a pivotal role in enhancing healthcare access and infrastructure in Plainville, Kansas. By facilitating the issuance of New Markets Tax Credit Securities (NMTCS) for a new hospital construction, it enables the provision of essential medical services to the community. With a significant debt issuance of $7,954,000, the association helps ensure that the new facility meets federal regulations, thereby enhancing the quality and safety of healthcare delivery. This initiative not only improves local health outcomes but also contributes to economic development by creating jobs and supporting local healthcare providers. Overall, the association's impact is substantial, fostering a healthier community and improving healthcare availability for residents.
This information is meant to be a general summary of Rooks County Healthcare Endowment Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $618
- Program Service Revenue: $159,706
- Gross Receipts: $160,324
Assets and Liabilities:
- Total Assets: $6,972,733
- Total Liabilities: $7,954,000
- Net Assets: -$981,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Lease Income
Revenue
$159,706
Organization Details
Founding Year
2018
Phone
(785) 434-4553Principal Officer
Kathy Ramsay
Main Address
PO BOX 389, PLAINVILLE, KS, 67663
NTEE Category
Code: E11 - Health
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