Overview
What is Henry B Allen Family Foundation?
The Henry B Allen Family Foundation is a nonprofit organization situated in Waterloo, Iowa. Established with the purpose of generating income from its assets, the foundation annually distributes its net earnings to the Allen Memorial Hospital Corporation, a nonprofit institution located at the same address in Waterloo. This ongoing support is extended as long as the hospital continues to operate as a healthcare facility. The foundation's mission is centered around collecting income from its property holdings, managing expenses, and channeling the remaining funds toward the Allen Memorial Hospital Corporation, thereby contributing to its operational costs.
Is Henry B Allen Family Foundation legitimate?
Henry B Allen Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry B Allen Family 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: $0
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What is the mission statement of Henry B Allen Family Foundation?
The Henry B. Allen Family Foundation's primary objective is to gather income from its owned properties, both real and personal. After covering all expenses, the foundation then distributes the net income annually to a hospital corporation, as long as it continues to operate as a hospital. This annual distribution is a requirement outlined in the foundation's articles of incorporation. The funds are directed towards supporting the hospital's operations. The foundation's purpose is solely focused on this annual financial contribution to the hospital.
What is the revenue of Henry B Allen Family Foundation?
Henry B Allen Family Foundation's revenue in 2024 was $292,556.
Who are the executives of Henry B Allen Family Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Henry B Allen Family Foundation?
Henry B Allen Family Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Henry B Allen Family Foundation
The Henry B. Allen Family Foundation is committed to generating income from its properties and covering all related expenses. After meeting these obligations, the foundation then distributes the remaining net income on an annual basis to Allen Memorial Hospital Corporation, as long as the hospital continues to operate as a healthcare facility. The articles of incorporation for the Henry B. Allen Family Foundation mandate this annual distribution of funds to the non-profit Allen Memorial Hospital Corporation.
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Impact
October, 2024
The Henry B. Allen Family Foundation significantly contributes to the healthcare landscape in Waterloo, Iowa, by ensuring the financial stability of Allen Memorial Hospital Corporation. Through the collection of income from its owned assets, the foundation effectively supports the hospital's operational needs by distributing net income annually. This commitment allows the hospital to focus on delivering vital healthcare services to the community, enhancing access to medical care for residents. The foundation's efforts not only maintain the hospital's functionality but also support educational initiatives related to healthcare, fostering a healthier, more informed community.
This information is meant to be a general summary of Henry B Allen Family 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $58,538
- Gross Receipts: $387,504
Assets and Liabilities:
- Total Assets: $2,190,757
- Total Liabilities: $0
- Net Assets: $2,190,757
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Organization Details
Founding Year
1969
Principal Officer
Eric W Johnson
NTEE Category
Code: B110 - Education
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