Munster Medical Research Foundation Inc
- Assets
- $297.0m
- Revenue
- $660.6m
- Investments
- $0.0
- Employees
- 4,013
- Location
- Munster, IN
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 35-1107009
Organization Overview
Munster Medical Research Foundation Inc, operating under the name Community Hospital, is located in Munster, IN. The organization was established in 2002. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Community Hospital employed 4,013 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Hospital 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 06/2021, Community Hospital generated $660.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $572.7m during the year ending 06/2021. While expenses have increased by 3.3% 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
COMMUNITY HOSPITAL IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CARE IN THE MOST COST-EFFICIENT MANNER, RESPECTING THE DIGNITY OF THE INDIVIDUAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUNSTER MEDICAL RESEARCH FOUNDATION, INC., D/B/A/ COMMUNITY HOSPITAL IS A 454 BED ACUTE CARE HOSPITAL THAT OFFERS A BROAD RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. MUNSTER MEDICAL RESEARCH FOUNDATION, INC. PROVIDES LEADING-EDGE CARE TO PATIENTS IN NORTHWEST INDIANA. THROUGH ITS DEDICATION TO QUALITY AND INNOVATION, MUNSTER MEDICAL RESEARCH FOUNDATION, INC. HAS EARNED A MULTITUDE OF ACCREDITATIONS, AWARDS, AND CERTIFICATIONS IN ITS PURSUIT OF IMPROVING THE HEALTH OF ITS PATIENTS AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Administrator | OfficerTrustee | 40 | $0 |
Name Not Listed Director, Medical Staff President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Construction Company Llc Construction | 6/29/15 | $10,503,318 |
Rehabgroup Inc Rehab Care Services | 6/29/15 | $3,897,356 |
The Pangere Corporation Construction | 6/29/15 | $2,489,417 |
Hasse Construction Construction | 6/29/15 | $1,394,716 |
Alliance Healthcare Services Inc Mri Imaging | 6/29/15 | $1,603,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,726,218 |
| Investment income | $284,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,957 |
| Net Gain/Loss on Asset Sales | $166,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,640,751 |
| Statement of Expenses | |
|---|---|
| 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. | $1,420,671 |
| Compensation to disqualified persons | $203,725 |
| Other salaries and wages | $184,249,743 |
| Pension plan accruals and contributions | $5,975,047 |
| Other employee benefits | $23,453,983 |
| Payroll taxes | $13,662,818 |
| Fees for services: Management | $1,375,494 |
| Fees for services: Legal | $414,780 |
| 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 | $16,851,935 |
| Advertising and promotion | $477,509 |
| Office expenses | $5,232,609 |
| Information technology | $6,823,277 |
| Royalties | $0 |
| Occupancy | $7,005,052 |
| Travel | $146,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228,344 |
| Interest | $8,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,071,970 |
| Insurance | $3,757,270 |
| All other expenses | $0 |
| Total functional expenses | $572,702,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,481,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,518,977 |
| Prepaid expenses and deferred charges | $2,692,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,958,981 |
| Total assets | $297,008,950 |
| Accounts payable and accrued expenses | $35,583,784 |
| Grants payable | $0 |
| Deferred revenue | $1,227,559 |
| 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 | $93,081,117 |
| Total liabilities | $129,892,460 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $167,116,490 |
Grants Awarded
Over the last fiscal year, Munster Medical Research Foundation Inc has awarded $38,032 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MUNSTER HIGH SCHOOL PURPOSE: SPONSORSHIP | $7,150 |
TOWN OF MUNSTER PURPOSE: SPONSORSHIP | $11,866 |
TOWN OF MUNSTER PURPOSE: SPONSORSHIP | $11,866 |
MUNSTER HIGH SCHOOL PURPOSE: SPONSORSHIP | $7,150 |