Kettering Medical Center Foundation
- Assets
- $16.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Miamisburg, OH
- Founding
- 12/1974
- Data as of
- 12/2021
- EIN
- 23-7419897
Organization Overview
Kettering Medical Center Foundation, operating under the name Kettering Health Foundation, is located in Miamisburg, OH. The organization was established in 1974. 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. Kettering Health 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, Kettering Health Foundation generated $3.1m 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 (6.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O FOR CONTINUATION) KETTERING HEALTH FOUNDATION SERVES DONORS BY PROVIDING ASSISTANCE IN FULFILLING PHILANTHROPIC WISHES AND MAINTAINING AN EFFICIENT CONDUIT FOR GIFTS TO BENEFIT KETTERING HEALTH AND ITS AFFILIATED PROGRAMS AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KETTERING HEALTH FOUNDATION CONTRIBUTED $1,315,481 THROUGHOUT THE YEAR TO SUPPORT KETTERING HEALTH AND ITS AFFILIATED PROGRAMS AND FACILITIES. THE TOTAL AMOUNT INCLUDES $557,066 FOR EQUIPMENT PURCHASES AND BUILDING UPGRADES AND $758,415 FOR OPERATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thie Rick President Kettering Health Foundation | OfficerTrustee | 43 | $0 |
Mewhirter Michael Evp Kh CFO Legal Services | Officer | 1 | $0 |
Manchur Fred CEO Kh | Trustee | 1 | $0 |
Burns Terry Evp Chief Administration Officer Until Sept-21 | Trustee | 1 | $0 |
Sackett Walter President Kh Begin Sept-21 | Trustee | 1 | $0 |
Briggs Sharlet President Kh Main Campus Begin Sept-21 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $369,946 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,313,591 |
| Noncash contributions included in lines 1a–1f | $1,013,523 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,683,537 |
| Total Program Service Revenue | $174,205 |
| Investment income | $203,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,289 |
| Net Income from Fundraising Events | -$11,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,087,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,315,481 |
| 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. | $378,648 |
| Compensation of current officers, directors, key employees. | $37,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,313 |
| Pension plan accruals and contributions | $12,519 |
| Other employee benefits | $147,777 |
| Payroll taxes | $60,679 |
| Fees for services: Management | $78,988 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,854 |
| Fees for services: Other | $60,388 |
| Advertising and promotion | $0 |
| Office expenses | $39,858 |
| Information technology | $90,124 |
| Royalties | $0 |
| Occupancy | $48,000 |
| Travel | $2,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,566 |
| All other expenses | $0 |
| Total functional expenses | $3,103,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,000,140 |
| Accounts receivable, net | $36,270 |
| 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 | $18,335 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,727,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,781,977 |
| Accounts payable and accrued expenses | $2,737 |
| 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 | $139,228 |
| Total liabilities | $141,965 |
| Net assets without donor restrictions | $2,109,874 |
| Net assets with donor restrictions | $14,530,138 |
| 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 | $16,781,977 |
Grants Awarded
Over the last fiscal year, Kettering Medical Center Foundation has awarded $1,315,481 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Miamisburg, OH PURPOSE: Support | $1,246,444 |
KETTERING NETWORK SERVICES PURPOSE: Support | $69,037 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kettering Medical Center Foundation has recieved totaling $81,858.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $27,700 |
Troy Foundation Troy, OH PURPOSE: HEALTH & HUMAN SERVICES; FAXITRON FOR KETTERING HEALTH - TROY | $20,000 |
The United Way Of The Greater Dayton Area Dayton, OH PURPOSE: DONOR DESIGNATED GENERAL | $19,158 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $15,000 |
Endowment Analysis
| Beg. Balance | $9,384,075 |
| Earnings | $887,990 |
| Net Contributions | $417,506 |
| Grants | $231,072 |
| Ending Balance | $10,458,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |