Memorial Foundation Inc
- Assets
- $139.9m
- Revenue
- $17.6m
- Investments
- $122.0m
- Employees
- 0
- Location
- Belleville, IL
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 37-1186034
Organization Overview
Memorial Foundation Inc is located in Belleville, IL. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial 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, Memorial Foundation Inc generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $15.2m during the year ending 12/2021. While expenses have increased by 23.8% 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.
Since 2016, Memorial Foundation Inc has awarded 17 individual grants totaling $20,834,636. 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
MEMORIAL FOUNDATION, INC. WAS FORMED TO SUPPORT AND ENCOURAGE HEALTHCARE AND (SEE SCHEDULE O) RELATED SERVICES FOR THE ADVANCEMENT OF THE HEALTH AND WELL-BEING OF THE COMMUNITY IN THE FURTHERANCE OF THE PURPOSES OF PROTESTANT MEMORIAL MEDICAL CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS: INCLUDES PROTESTANT MEMORIAL MEDICAL CENTER, INC. OPERATING SUPPORT AND DAISY AWARDS FOR EXTRAORDINARY NURSES.
COMMUNITY SERVICE/OUTREACH: SUPPORT PROVIDED TO PROTESTANT MEMORIAL MEDICAL CENTER, INC. TO COVER EXPENSES RELATED TO DEVELOPING AND EXECUTING A MARKETING STRATEGY TO PROMOTE COVID-19 VACCINATIONS IN COOPERATION WITH THE ST. CLAIR COUNTY ILLINOIS HEALTH DEPARTMENT.
CAPITAL: FURNITURE AND LANDSCAPING FOR THE SITEMAN HEALING GARDEN, RENOVATION FOR STAFF RELAXATION LOUNGES, AND SECURITY UPGRADES FOR THE FAMILY CARE BIRTHING CENTER ON THE PROTESTANT MEMORIAL MEDICAL CENTER INC., CAMPUSES.
OTHER PROGRAM SERVICES - INCLUDES EMERGENCY ASSISTANCE PROVIDED TO QUALIFYING PROTESTANT MEMORIAL MEDICAL CENTER, INC. (PMMCI) EMPLOYEES, SUPPORT FOR A SAFE SLEEP AND CAR SEAT PROGRAM AT PMMCI, AND SUPPORT PROVIDED TO VARIOUS COMMUNITY PARTNERS FOR VARIOUS INITIATIVES INCLUDING SCHOLARSHIPS, AN AED FOR A FOOD PANTRY AND A VACCINATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcmanus Michael President, Director | OfficerTrustee | 1 | $0 |
Boyer Geri Chairman | OfficerTrustee | 1 | $0 |
Guthrie Gary Vice Chairman | OfficerTrustee | 1 | $0 |
Gusmano Jane Secretary | Officer | 1 | $0 |
Thomure Anne Executive Director | Officer | 1 | $0 |
Hoerner Kevin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $93,725 |
| Related organizations | $270,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,778 |
| Noncash contributions included in lines 1a–1f | $16,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,503 |
| Total Program Service Revenue | $0 |
| Investment income | $1,731,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,333,937 |
| Net Income from Fundraising Events | -$7,837 |
| Net Income from Gaming Activities | $3,900 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,553,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,671,674 |
| Grants and other assistance to domestic individuals. | $12,000 |
| 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 | $229,537 |
| Fees for services: Other | $44,634 |
| Advertising and promotion | $0 |
| Office expenses | $105 |
| 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 | $303 |
| All other expenses | $3,144 |
| Total functional expenses | $15,174,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,587 |
| Pledges and grants receivable | $3,775 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $890,000 |
| Investments—publicly traded securities | $16,994,044 |
| Investments—other securities | $122,012,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,919,506 |
| Accounts payable and accrued expenses | $25,118 |
| Grants payable | $0 |
| Deferred revenue | $11,450 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,413,031 |
| 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 | $14,098,072 |
| Total liabilities | $17,547,671 |
| Net assets without donor restrictions | $120,283,846 |
| Net assets with donor restrictions | $2,087,989 |
| 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 | $139,919,506 |
Grants Awarded
Over the last fiscal year, Memorial Foundation Inc has awarded $6,399,690 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Belleville, IL PURPOSE: OPERATIONAL | $6,220,998 |
Belleville, IL PURPOSE: EQUIPMENT | $75,000 |
HEALTHIER TOGETHER PURPOSE: ORGANIZATION PROMOTES HEALTHY LIFESTYLE INITIATIVES IN ST. CLAIR COUNTY. | $50,000 |
St Louis, MO PURPOSE: TO PROVIDE NUTRITION EDUCTION TO YOUTH IN ST. CLAIR COUNTY SCHOOLS. | $35,000 |
Belleville, IL PURPOSE: EQUIPMENT, SCHOLARSHIP, AND PATIENT CARE | $18,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Indiana Association Of United Ways Incorporated Indianapolis, IN | $11,631,864 | $18,149,199 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |