Memorial Hospital Foundation
- Assets
- $12.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Jasper, IN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 35-1359445
Organization Overview
Memorial Hospital Foundation is located in Jasper, IN. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Hospital 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 06/2021, Memorial Hospital Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 24.3% per year over the past 6 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.
Since 2018, Memorial Hospital Foundation has awarded 12 individual grants totaling $4,445,171. 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
OPERATES FOR THE BENEFIT OF MEMORIAL HOSPITAL AND HEALTH CARE CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF MEMORIAL HOSPITAL & HEALTH CARE CENTER TO SUPPORT VARIOUS PROGRAMS RELATED TO THE HOSPITAL'S PURPOSE BY RECEIVING AND HOLDING CONTRIBUTIONS FOR THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Kyle Bennett President | OfficerTrustee | 1 | $0 |
Robert Disinger Vice Chairperson | OfficerTrustee | 1 | $0 |
William Rubino Chairperson-Term Ended | OfficerTrustee | 1 | $0 |
Ted Miller Ex-Officio | Officer | 1 | $0 |
Michael Jones Executive Director-Term Ended Aug'20 | Officer | 40 | $0 |
Deidra Church Executive Director-Term Began Feb'21 | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $207,661 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,188 |
| Total Program Service Revenue | $0 |
| Investment income | $1,412,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,645 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,173,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,618,659 |
| Grants and other assistance to domestic individuals. | $21,225 |
| 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 | $77,099 |
| Advertising and promotion | $0 |
| Office expenses | $1,837 |
| 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 | $193,855 |
| Insurance | $0 |
| All other expenses | $620 |
| Total functional expenses | $2,917,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,754,885 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,878,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,633,119 |
| 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 | $11,034,793 |
| Net assets with donor restrictions | $1,598,326 |
| 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 | $12,633,119 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Foundation has awarded $2,499,463 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jasper, IN PURPOSE: GRANTS AND EQUIPMENT PURCHASES PROVIDED IN ASSISTANCE OF PROGRAM SERVICES OF MEMORIAL HOSPITAL & HEALTH CARE CENTER | $2,494,463 |
Ferdinand, IN PURPOSE: FINANCIAL SUPPORT FOR ADDITION TO TRI-COUNTY YMCA | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Hospital Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Edwin C Tretter Foundation Inc Ferdinand, IN PURPOSE: SUPPORT FOR CANCER PATIENTS | $2,500 |
Endowment Analysis
| Beg. Balance | $3,483,399 |
| Net Contributions | $566,715 |
| Other Expense | $2,451,788 |
| Ending Balance | $1,598,326 |
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 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Stagehands Union Local No 2 Health And Welfare Fund Oak Brook, IL | $8,693,853 | $9,920,428 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |