Memorial Foundation Inc
- Assets
- $119.9m
- Revenue
- $571.0k
- Investments
- $104.3m
- Employees
- 0
- Location
- Belleville, IL
- Founding
- 09/1987
- Data as of
- 12/2022
- 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 12/2022, Memorial Foundation Inc generated $571.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMORIAL FOUNDATION,INC. IS COMMITTED TO BUILDING HEALTHY, VIBRANT COMMUNITIES IN MEMORIAL HOSPITAL'S SERVICE AREA NOW AND FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE/OUTREACH: FOUR SCHOOL DISTRICTS IN OUR COMMUNITY WERE PROVIDED WITH SOCIAL, EMOTIONAL LEARNING TOOLS, COUNSELORS AND NECESSARY ITEMS TO LAY THE FOUNDATION FOR HEALTHIER KIDS, PARENTS, AND FAMILIES. ALSO, SUPPORT WAS PROVIDED TO PROTESTANT MEMORIAL MEDICAL CENTER, INC. TO COVER EXPENSES RELATED TO PROMOTING COVID-19 VACCINATIONS IN COOPERATION WITH THE ST. CLAIR COUNTY ILLINOIS HEALTH DEPARTMENT.
PATIENT SUPPORT, EDUCATION, AND COMMUNITY GRANTS: 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 POST PARTUM PATIENT EDUCATION FOR PATIENTS OF THE FAMILY CARE BIRTHING CENTER.
GENERAL OPERATIONS: IMPLEMENTED A CARING FOR CAREGIVERS PROGRAM OF WELLNESS AND MENTAL WELL BEING.
CAPITAL: RENOVATION OF STAFF RELAXATION LOUNGES, GIFT SHOP, SAFE ROOMS; PURCHASE OF INFANT WARMERS FOR EMERGENCY DEPARTMENTS AND CHAPEL UPGRADES. PURCHASE OF ROBOTIC EQUIPMENT FOR THE HOSPITALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcmanus Michael President, Director | OfficerTrustee | 1 | $0 |
Olroyd Rebecca Director | Trustee | 1 | $0 |
Hoering Edward Director | Trustee | 1 | $0 |
Hoerner Kevin Director | Trustee | 1 | $0 |
Lowery Christopher Director | Trustee | 1 | $0 |
Mueller Robert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,203 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,217 |
| Noncash contributions included in lines 1a–1f | $34,974 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,420 |
| Total Program Service Revenue | $0 |
| Investment income | $1,431,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,112,730 |
| Net Income from Fundraising Events | -$25,000 |
| Net Income from Gaming Activities | $4,300 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,380,649 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $220,392 |
| Fees for services: Other | $9,093 |
| Advertising and promotion | $5,072 |
| Office expenses | $1,360 |
| Information technology | $908 |
| Royalties | $0 |
| Occupancy | $1,761 |
| 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 | $437 |
| All other expenses | $0 |
| Total functional expenses | $2,865,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,441 |
| Pledges and grants receivable | $5,950 |
| 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 | $1,714 |
| Net Land, buildings, and equipment | $890,000 |
| Investments—publicly traded securities | $14,738,660 |
| Investments—other securities | $104,273,786 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,936,551 |
| Accounts payable and accrued expenses | $12,105 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,187,744 |
| 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 | $1,675,436 |
| Total liabilities | $4,875,385 |
| Net assets without donor restrictions | $113,152,796 |
| Net assets with donor restrictions | $1,908,370 |
| 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 | $119,936,551 |
Grants Awarded
Over the last fiscal year, Memorial Foundation Inc has awarded $6,399,690 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL REGIONAL HEALTH SERVICES INC PURPOSE: OPERATIONAL | $6,220,998 |
METRO-EAST SERVICES INC PURPOSE: EQUIPMENT | $75,000 |
HEALTHIER TOGETHER PURPOSE: ORGANIZATION PROMOTES HEALTHY LIFESTYLE INITIATIVES IN ST. CLAIR COUNTY. | $50,000 |
BJC HEALTH SYSTEM (DBA BJC HEALTHCARE) PURPOSE: TO PROVIDE NUTRITION EDUCTION TO YOUTH IN ST. CLAIR COUNTY SCHOOLS. | $35,000 |
PROTESTANT MEMORIAL MEDICAL CENTER INC PURPOSE: EQUIPMENT, SCHOLARSHIP, AND PATIENT CARE | $18,692 |