Miriam Hospital Foundation
- Assets
- $62.7m
- Revenue
- $3.5m
- Investments
- $22.4m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 04/1995
- Data as of
- 09/2022
- EIN
- 05-0377502
Organization Overview
Miriam Hospital Foundation is located in Providence, RI. The organization was established in 1995. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miriam Hospital 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 09/2022, Miriam Hospital Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $6.5m during the year ending 09/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Miriam Hospital Foundation has awarded 23 individual grants totaling $41,839,382. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN PHILANTHROPIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSES OF THE MIRIAM HOSPITAL (TMH), WHICH ARE DELIVERING HEALTH WITH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ITS PHILANTHROPIC ACTIVITIES, IN FISCAL YEAR 2023 THE MIRIAM HOSPITAL FOUNDATION (THE FOUNDATION) TRANSFERRED FUNDS RAISED IN THE AGGREGATE AMOUNT OF $2,168,872 TO TMH TO SUPPORT ITS OPERATIONS AND CAPITAL EXPENDITURES, WHICH IN TURN BENEFITS THE RHODE ISLAND COMMUNITY. MOST NOTABLY, THE FOUNDATION TRANSFERRED $288,258 FOR VARIOUS RESEARCH RELATED NEEDS, INCLUDING WEIGHT CONTROL PROGRAMS, COBRE PHASE 2, AND THE CENTER FOR HIV AND STI PREVENTION (CHASP) AND $258,162 TO TMH'S CENTER FOR INNOVATIVE CANCER TREATMENT,DESIGNATED TO SUPPORT GROWTH AND ENHANCEMENT FOR METASTATIC CANCER CLINICAL RESEARCH TRIALS. PLEASE SEE SCHEDULE O OF FORM 990 FOR FURTHER DETAIL RELATED TO OTHER SIGNIFICANT TMH PROGRAMS WHICH THE FOUNDATION SUPPORTED VIA PHILANTHROPY RECEIVED DURING THE FISCAL YEAR.
DURING FISCAL YEAR 2023, THE FOUNDATION GRANTED $1,287,033 FROM ITS UNRESTRICTED NET ASSETS TO TMH TO BE USED IN SUPPORT OF THE FOLLOWING AREAS: (1) TO SUPPORT ITS OPERATIONS AND CAPITAL EXPENDITURES, WHICH IN TURN BENEFITS THE RHODE ISLAND COMMUNITY ($288,258); (2) TO TMH'S HUMAN EXPERIENCE INSTITUTE TO PROVIDE TRAINING AND FACILITATE EDUCATION ($220,000); (3) TO SUPPORT THE INTEGRATIVE NURSING TRAINING PROGRAM ($201,450); (4) TO PROVIDE SUPPORT FOR A PALLIATIVE CARE PHYSICIAN PROVIDER AT TMH WHO WILL PROVIDE CONSULTATION SERVICES FOR APPROPRIATELY IDENTIFIED PATIENTS IN THE EMERGENCY DEPARTMENT($182,000); (5) TMH'S COMMUNITY RELATIONS PROGRAM--COMMUNITY ACTION GRANTS ($100,000); AND (6) NURSING EDUCATION AND RESEARCH AT TMH ($80,000).
THE FOUNDATION TRANSFERRED $442,747 TO TMH TO BE USED FOR GENERAL SUPPORT OF THE WOMEN'S CARDIAC PROGRAM AND PHYSICAL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Kirshner Evp & Cfo-11/22 | Officer | 0 | $0 |
Maria P Ducharme President | OfficerTrustee | 2 | $0 |
Arthur J Sampson Fmr. President | 0 | $0 | |
Gale Aronson Trustee | Trustee | 1 | $0 |
Susan Bazar Trustee | Trustee | 1 | $0 |
Joseph Brito Jr Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $673,152 |
| Related organizations | $123,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,557,268 |
| Noncash contributions included in lines 1a–1f | $119,634 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,353,420 |
| Total Program Service Revenue | $0 |
| Investment income | $1,404,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,074,918 |
| Net Income from Fundraising Events | -$198,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,484,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,592,483 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,540,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,452,328 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,424,511 |
| Investments—other securities | $22,372,835 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $411,398 |
| Total assets | $62,680,130 |
| Accounts payable and accrued expenses | $258,785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $359,626 |
| Total liabilities | $618,411 |
| Net assets without donor restrictions | $30,968,691 |
| Net assets with donor restrictions | $31,093,028 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,680,130 |
Grants Awarded
Over the last fiscal year, Miriam Hospital Foundation has awarded $4,205,257 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: Shared Chairs- See Schedule O | $306,605 |
THE MIRIAM HOSPITAL PURPOSE: Philanthropy | $3,898,652 |