The Methodist Hospitals Foundation Inc
- Assets
- $527.5k
- Revenue
- $384.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Gary, IN
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-1495289
Organization Overview
The Methodist Hospitals Foundation Inc is located in Gary, IN. The organization was established in 2010. 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. Methodist Hospitals Foundation Inc 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, Methodist Hospitals Foundation Inc generated $384.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $425.8k during the year ending 12/2021. While expenses have increased by 16.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH, SAFETY AND GENERAL WELFARE OF PERSONS IN THE COMMUNITY BY SUPPORTING FINANCIALLY AND OTHERWISE CONDUCTING ACTIVITIES WHICH BENEFIT THE METHODIST HOSPITALS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE METHODIST HOSPITAL IN ITS MISSION TO DELIVER EXCEPTIONAL HEALTHCARE BY FUNDRAISING FOR CLINICAL AREAS TO ENHANCE PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Lindsey Executive Director | Officer | 40 | $158,426 |
Heather Mccarthy President | OfficerTrustee | 0.3 | $0 |
Ronald Mccolly Vice President | OfficerTrustee | 0.2 | $0 |
Stephen Place Treasurer | OfficerTrustee | 0.25 | $0 |
Matthew Doyle Board Member | Trustee | 0.3 | $0 |
Mattison Dilts Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,632 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,593 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $403,410 |
| 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 | $1,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,999 |
| Advertising and promotion | $0 |
| Office expenses | $201 |
| 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 | $425,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $17,733 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $527,455 |
| Accounts payable and accrued expenses | $1,967 |
| Grants payable | $0 |
| Deferred revenue | $1,300 |
| 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 | $0 |
| Total liabilities | $3,267 |
| Net assets without donor restrictions | $216,686 |
| Net assets with donor restrictions | $307,502 |
| 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 | $527,455 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Methodist Hospitals Foundation Inc has recieved totaling $252,500.
| Awarding Organization | Amount |
|---|---|
Roots And Wings Foundation Inc Seattle, WA PURPOSE: STRONG KIDS, COMMUNITIES, AND MINDS | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |