Lima Memorial Foundation
- Assets
- $10.4m
- Revenue
- $2.4m
- Investments
- $9.4m
- Employees
- 0
- Location
- Lima, OH
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 34-1707570
Organization Overview
Lima Memorial Foundation is located in Lima, OH. The organization was established in 1993. 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. Lima Memorial 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, Lima Memorial Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $68.4k 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
THE MISSION OF THE LIMA MEMORIAL FOUNDATION IS TO PROVIDE QUALITY HEALTH CARE THROUGH PHILANTHROPY TO THE COMMUNITIES WHICH LIMA MEMORIAL HEALTH SYSTEM SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. SPECIFICALLY, TO ASSIST LMH IN PROVIDING QUALITY HEALTH CARE TO THE COMMUNITY WHICH IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Shutt Chairman | OfficerTrustee | 1 | $0 |
Steve Romey Vice-Chairman | OfficerTrustee | 1 | $0 |
Janice M Vonderembse Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lynn Carpenter Executive Director | Officer | 20 | $0 |
Melody Stewart-Cyrus Board Member | Trustee | 1 | $0 |
Michael Swick Board Member/lmh CEO | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $884,534 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,293 |
| Noncash contributions included in lines 1a–1f | $200,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,496,827 |
| Total Program Service Revenue | $0 |
| Investment income | $970,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$76,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,391,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,000 |
| 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 | $0 |
| 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 | $10,417 |
| Total functional expenses | $68,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,659 |
| Savings and temporary cash investments | $26,409 |
| Pledges and grants receivable | $822,376 |
| 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 | $0 |
| Investments—other securities | $9,416,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,367 |
| Total assets | $10,402,658 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,534,775 |
| Net assets with donor restrictions | $1,867,883 |
| 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 | $10,402,658 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lima Memorial Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Lima Memorial Joint Operating Company Lima, OH PURPOSE: HEALTH INITIATIVE | $10,000 |
Endowment Analysis
| Beg. Balance | $286,694 |
| Earnings | $2,751 |
| Admin Expense | $153 |
| Net Contributions | $50,600 |
| Ending Balance | $339,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH | $236,017,036 | $24,076,221 |
Northern Michigan Medicalmanagement Petoskey, MI | $2,238,273 | $1,767,851 |
Munson Healthcare Foundations Traverse City, MI | $80,220,847 | $14,056,196 |
The Foundation For Delaware County Media, PA | $70,292,526 | $12,697,458 |
Catherine Mcauley Health Services Corp Ypsilanti, MI | $19,999,866 | $5,350,635 |
Bryn Mawr Hospital Foundation Bryn Mawr, PA | $102,040,001 | $12,922,519 |
United Food And Commercial Workers Union Local 227 & Employees Health Dayton, OH | $0 | $8,062,923 |
Plumbers Union-55 Health & Welfare Fund Plum Brooklyn Hts, OH | $11,882,405 | $6,956,726 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH | $68,588,287 | $10,915,567 |
Hamot Health Foundation Erie, PA | $29,527,911 | $6,582,971 |
Arthur J Glatfelter Agency Inc Employee Health & Welfare Fund York, PA | $983,533 | $8,005,607 |
Mt Sinai Health Care Foundation Cleveland, OH | $191,747,804 | $29,891,889 |