South Bend Medical Foundation Inc

Organization Overview

South Bend Medical Foundation Inc, operating under the name The Medical Foundation, is located in South Bend, IN. The organization was established in 1949. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Medical Foundation employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Medical Foundation generated $21.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $26.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOUTH BEND MEDICAL FOUNDATION EXISTS FOR THE PURPOSE OF PROVIDING QUALITY AND COST EFFECTIVE PATHOLOGY AND BLOOD BANKING SERVICES TO HOSPITALS, PHYSICIANS, AND PATIENTS.

Describe the Organization's Program Activity:

SOUTH BEND MEDICAL FOUNDATION, INC. (THE FOUNDATION), PROVIDES PATHOLOGY SERVICES FOR PATIENTS AND DOCTORS THROUGHOUT NORTHERN AND CENTRAL INDIANA AND SOUTHWESTERN MICHIGAN WITH A CONCENTRATION OF REVENUES FROM HOSPITALS LOCATED IN THE SURROUNDING AREAS. THE FOUNDATION ALSO HAS A BLOOD BANK LINE OF BUSINESS WHERE BLOOD IS DONATED BY VOLUNTEERS AND SUBSEQUENTLY PROCESSED AND SOLD TO LOCAL HOSPITALS IN THE SURROUNDING AREAS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Central Indiana Regional Blood
Reference Lab
$1,139,245
Ostrom Janitorial
Janitorial Services
$343,412
Aps Medical Billing
Medical Billing Service
$403,575
Us Pack Services Llc
Transportation Services
$476,983
Cerner Corporation
Equip Maintenance & Repair
$732,473
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,543
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,543
Total Program Service Revenue$18,346,550
Investment income $234,655
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $633,320
Net Gain/Loss on Asset Sales $965,421
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,231,180

Grants Awarded

Over the last fiscal year, South Bend Medical Foundation Inc has awarded $30,300 in support to 4 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: GENERAL ASSISTANCE

$10,000

THE FOUNDATION OF SAINT JOSEPH HEALTH SYSTEM

Org PageRecipient Profile

South Bend, IN

PURPOSE: GENERAL ASSISTANCE

$8,700

UNITED WAY OF SAINT JOSEPH COUNTY

Org PageRecipient Profile

South Bend, IN

PURPOSE: GENERAL ASSISTANCE

$6,000

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: GENERAL ASSISTANCE

$5,600
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that South Bend Medical Foundation Inc has recieved totaling $2,049.

Awarding OrganizationAmount
Percy Hammond Walsh Fund

South Bend, IN

PURPOSE: GENERAL SUPPORT

$2,035
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$14
View Grant Recipient Profile

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