Memorial Group Inc is located in Belleville, IL. The organization was established in 1988. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Memorial Group 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 Group Inc generated $443.5k 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 (47.0%) each year. All expenses for the organization totaled $289.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (53.1%) per year over the past 7 years. 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
MEMORIAL GROUP, INC. WAS FORMED TO PLAN, DEVELOP, COORDINATE, AND SUPPORT A FULL SERVICE COMMUNITY HEALTHCARE SYSTEM AND IT'S SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL GROUP, INC. WAS FORMED TO PLAN, DEVELOP, COORDINATE, AND SUPPORT A FULL SERVICE COMMUNITY HEALTHCARE SYSTEM AND IT'S SURROUNDING COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffry Lutz Secretary, D | OfficerTrustee | 1 | $0 |
Roland Thouvenot President/ch | OfficerTrustee | 1 | $0 |
Keith Cook Director | Trustee | 1 | $0 |
Lary Eckert Director | Trustee | 1 | $0 |
Edward Hoering Director | Trustee | 1 | $0 |
Kurt Schroeder Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $40,134 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $403,358 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $443,492 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $270,000 |
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. | $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 | $5,537 |
Fees for services: Accounting | $1,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $163 |
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 | $12,091 |
All other expenses | $0 |
Total functional expenses | $289,591 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,838 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—publicly traded securities | $1,736,334 |
Investments—other securities | $1,676,697 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,428,869 |
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 | $3,428,869 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,428,869 |
Organization Name | Assets | Revenue |
---|---|---|
Ascension Via Christi Health Inc St Louis, MO | $224,688,914 | $97,145,070 |
Hospital & Medical Foundation Of Paris Inc Paris, IL | $105,317,026 | $88,599,305 |
Mercy Health Southwest Missouri Kansas Communities Joplin, MO | $10,110,095 | $51,629,462 |
Memorial Health System Springfield, IL | $156,520,865 | $97,418,294 |
Alabama Providence Healthcare Services St Louis, MO | $11,011,126 | $32,937,947 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Alexian Health Senior Care St Louis, MO | $102,929,303 | $37,706,553 |
Esperanza Health Centers Chicago, IL | $28,840,414 | $38,575,454 |
Primary Healthcare Associates Sc Harvey, IL | $3,794,694 | $21,243,184 |
Alexian Brothers Medical Care Group Nfp St Louis, MO | $4,939,954 | $17,353,672 |
Ucm Care Network Medical Group Inc Chicago, IL | $46,395,870 | $13,739,776 |