Chelsea Health And Wellness Foundation
- Assets
- $35.5m
- Revenue
- $4.7m
- Investments
- $18.0m
- Employees
- 0
- Location
- Chelsea, MI
- Founding
- 04/2009
- Data as of
- 03/2023
- EIN
- 26-3040367
Organization Overview
Chelsea Health And Wellness Foundation is located in Chelsea, MI. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Chelsea Health And Wellness 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 03/2023, Chelsea Health And Wellness Foundation generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $7.2m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chelsea Health And Wellness Foundation has awarded 303 individual grants totaling $3,659,826. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
OVERSIGHT OF THE CHELSEA, DEXTER & STOCKBRIDGE WELLNESS CENTERS WHICH SERVE APPROXIMATELY 5,500 SERVICE AREA RESIDENTS. THE WELLNESS CENTERS ARE MEDICALLY INTEGRATED WELLNESS FACILITIES THAT INCLUDE ORTHOPEDIC AND PHYSICAL THERAPY SERVICES OPEN TO THE PUBLIC. THERAPY POOLS AND WORKOUT EQUIPMENT. THEY ALSO PROVIDE FREE CLASSES TO DEVELOPMENTALLY DISABLED ADULTS AND OTHER COMMUNITY MEMBERS PLUS FEE BASED CLASSES TO ANYONE IN THE COMMUNITY. HEALTH LECTURES ARE FREE FOR THE COMMUNITY. CHELSEA WELLNESS CENTER IS THE FIRST CERTIFIED MEDICAL INTEGRATION CENTER IN MI.
ESTABLISHED FIVE COMMUNITY WELLNESS COALITIONS. OUR TECHNICAL SUPPORT INCLUDES IDENTIFYING LOCAL/ STATE & NATIONAL RESOURCES, IDENTIFYING PREVENTION BEST PRACTICES, PLANNING & FUNDING ACTIVITIES & MEETINGS, ARCHIVING DOCUMENTS, DEVELOPING MARKETING & EDUCATIONAL MATERIAL, PUBLICITY, EDUCATING ON THE ROLE OF COALITIONS & PROJECT DEVELOPMENT, HOSTING WORKSHOPS, PROBLEM SOLVING AND GENERAL SUPPORT OF VOLUNTEERS (COALITION MEMBERS). FUNDS ARE AVAILABLE FOR COMPREHENSIVE WELLNESS PLANS IN EACH OF THE FIVE COMMUNITIES IN THE SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Conlin Chair | 12 | $0 | |
Cindy Dresch Secretary & Treasurer | 6 | $0 | |
Kasie Cousino Vice Chair | 10 | $0 | |
Joanne Rau Board Member | 8 | $0 | |
Todd Raehtz Board Member | 10 | $0 | |
Nicole O'brien Board Member | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 3/30/22 | $82,553 |
Altech Mechanical Services | 3/30/22 | $87,568 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $492 |
| Dividends & Interest | $692,942 |
| Net Rental Income | $273,638 |
| Net Gain on Sale of Assets | -$130,725 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $19,169 |
| Other Income | $3,709,352 |
| Total Revenue | $4,681,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $3,232,063 |
| Pension plans, employee benefits | $71,394 |
| Interest | $258,642 |
| Taxes | $12,000 |
| Depreciation | $1,032,264 |
| Occupancy | $25,668 |
| Travel, conferences, and meetings | $23,852 |
| Printing and publications | $60,194 |
| Other expenses | $1,299,334 |
| Total operating and administrative expenses | $6,708,742 |
| Contributions, gifts, grants paid | $511,511 |
| Total expenses and disbursements | $7,220,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,062 |
| Savings and temporary cash investments | $168,388 |
| Net Accounts receivable | $33,705 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $8,258 |
| Prepaid expenses and deferred charges | $10,342 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $256,789 |
| Net Land, buildings, and equipment | $17,307,859 |
| Other assets | $0 |
| Total assets | $35,491,510 |
| Accounts payable and accrued expenses | $194,962 |
| Grants payable | $0 |
| Deferred revenue | $476,767 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,139,466 |
| Other liabilities | $311,338 |
| Total liabilities | $8,122,533 |
Grants Awarded
Over the last fiscal year, Chelsea Health And Wellness Foundation has awarded $507,856 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
5 HEALTHY TOWNS FOUNDATION PURPOSE: EVENT SPONSORSHIPS, DEXTER DONATION, CHELSEA COALITION | $33,300 |
ACORN FARMERS MARKET AND CAFE PURPOSE: GENERAL SUPPORT | $21,405 |
ADULT LEARNERS INSTITUTE PURPOSE: ALI RENT PAYMENTS | $1,530 |
BALLET CHELSEA-YDT PURPOSE: ADAPTIVE DANCE REGIONAL GRANT | $63,000 |
CHELSEA AREA CHAMBER OF COMMERCE PURPOSE: SPONSOR-2023 TRAIL CHALLENGE | $500 |
CHELSEA AREA FRIENDS FOR RECREATION PURPOSE: REC IT TUESDAY-EXTRAVAGANZA | $500 |