Memorial Health Foundation
- Assets
- $34.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Marietta, OH
- Founding
- 07/1981
- Data as of
- 09/2021
- EIN
- 31-1011321
Organization Overview
Memorial Health Foundation is located in Marietta, OH. The organization was established in 1981. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Memorial Health Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial 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 09/2021, Memorial Health Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $2.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Memorial Health Foundation has awarded 12 individual grants totaling $1,171,770. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMORIAL HEALTH FOUNDATION ENCOURAGES PHILANTHROPIC SUPPORT OF MARIETTA MEMORIAL HOSPITAL AND RELATED SERVICES. ACTIVITIES INCLUDE RAISING FUNDS, FUND STEWARDSHIP AND MAKING GRANTS TO IMPROVE HEALTH CARE IN THE MID-OHIO VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOLLOWING SERVICES AND DEPARTMENTS WERE ENHANCED AND SUPPORTED AT THE MARIETTA MEMORIAL HOSPITAL: CARDIAC REHAB, DIABETES, VASCULAR CARE, OCCUPATIONAL THERAPY, OUTREACH, CANCER CENTER CHARITY CARE, CHILD DEVELOPMENT AND AUDIOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daneka Hedges Executive Director (term Ended 2020) | Officer | 40 | $61,058 |
Jarrett S Stull Executive Director | Officer | 40 | $17,034 |
Scott Silvestri Treasurer | OfficerTrustee | 1 | $0 |
David Haas Chairperson | OfficerTrustee | 1 | $0 |
Donn Schafer Vice-Chairperson | OfficerTrustee | 1 | $0 |
Kim Poole DDS Secretary | OfficerTrustee | 1 | $0 |
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 | $1,774,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,774,202 |
| Total Program Service Revenue | $0 |
| Investment income | $942,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $478,880 |
| Net Income from Fundraising Events | $25,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,229,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,801,100 |
| 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. | $19,837 |
| Compensation of current officers, directors, key employees. | $2,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,725 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,189 |
| Information technology | $15,084 |
| Royalties | $0 |
| Occupancy | $3,696 |
| 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 | $442 |
| Total functional expenses | $2,091,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $107,690 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,005,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $703,893 |
| Total assets | $34,816,747 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,269,025 |
| 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 | $369,853 |
| Total liabilities | $2,638,878 |
| Net assets without donor restrictions | $30,315,985 |
| Net assets with donor restrictions | $1,861,884 |
| 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 | $34,816,747 |
Grants Awarded
Over the last fiscal year, Memorial Health Foundation has awarded $231,198 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Marietta, OH PURPOSE: CHARITY CARE, STAFF EDUCATION, LUNG SCREENINGS, HOSPICE, CANCER CENTER, VOLUNTEERS, PEDIATRICS | $226,198 |
MARIETTA COMMUNITY FOUNDATION PURPOSE: BUILDING BRIDGES TO CAREERS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Memorial Health Foundation has recieved totaling $141,704.
| Awarding Organization | Amount |
|---|---|
Marietta Community Foundation Inc Marietta, OH PURPOSE: DONATION | $114,704 |
Peoples Bank Foundation Inc Marietta, OH PURPOSE: PROGRAM SUPPORT | $15,000 |
Fenton Foundation Inc Williamstown, WV PURPOSE: OPERATIONS | $12,000 |
Endowment Analysis
| Beg. Balance | $12,930,182 |
| Earnings | $1,420,304 |
| Ending Balance | $14,350,486 |
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 |