Mary Free Bed Rehabilitation Hospital
- Assets
- $226.7m
- Revenue
- $164.4m
- Investments
- $0.0
- Employees
- 2,514
- Location
- Grand Rapids, MI
- Founding
- 04/1987
- Data as of
- 03/2022
- EIN
- 38-1359265
Organization Overview
Mary Free Bed Rehabilitation Hospital, operating under the name Mary Free Bed Hospital And Rehabilitation Center, is located in Grand Rapids, MI. The organization was established in 1987. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2022, Mary Free Bed Hospital And Rehabilitation Center employed 2,514 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Free Bed Hospital And Rehabilitation Center 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 03/2022, Mary Free Bed Hospital And Rehabilitation Center generated $164.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $161.5m during the year ending 03/2022. While expenses have increased by 10.9% 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 2015, Mary Free Bed Hospital And Rehabilitation Center has awarded 33 individual grants totaling $7,059,435. 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
HELPING PEOPLE WITH DISABILITIES ACHIEVE INDEPENDENCE THROUGH REHABILITATION SERVICES. EDUCATING THE COMMUNITY ON DISABLING DISEASES AND INJURY PREVENTION. CARRYING OUT MEDICAL AND SCIENTIFIC RESEARCH TO IMPROVE THE CARE AND OUTCOMES FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NURSING SERVICES AND INFECTION CONTROL FOR 38,277 PATIENT DAYS.
PROVIDE OUTPATIENT REHABILITATION AND CLINIC SERVICES FOR APPROXIMATELY 141,857 PATIENT VISITS.
PROVIDE THERAPY AND OTHER MEDICAL SERVICES FOR 38,277 PATIENT DAYS.
REHABILITATION STAFFING AND MANAGEMENT SERVICES; MEDICAL SERVICES REHABILITATION PROGRAM ADMINISTRATION; OFFICE EXPENSES FOR PROGRAM SERVICES; MEDICAL RECORDS; SUPPLIES; UTILITIES, MAINTENANCE, DEPRECIATION RELATED TO PROGRAM SERVICES AND ASSETS; PATIENT MEALS; INSURANCE; DRIVER REHABILITATION SERVICES; MOTION ANALYSIS/GAIT LAB SERVICES; BENEFIT COSTS AND PAYROLL TAXES ON PROGRAM SALARIES NOT SPECIFICALLY LISTED; OTHER PROGRAM SERVICES AND MEDICAL SERVICES NOT SPECIFICALLY LISTED; BAD DEBTS; TRAVEL/CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Riddle CEO | OfficerTrustee | 52 | $930,211 |
Dr Michael Jakubowski MD Director | Trustee | 52 | $500,058 |
Ingrid Cheslek COO | Officer | 40 | $494,461 |
Benjamin Bruinsma MD Director | Trustee | 40 | $444,296 |
Christopher Morelli Physician, D.o. | 40 | $436,110 | |
William Vandenberg Physician, M.d. | 40 | $388,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dickinson Wright Legal Services | 3/30/22 | $167,495 |
Miller Johnson Snell Legal Services | 3/30/22 | $563,761 |
Plante Moran Financial Services | 3/30/22 | $120,700 |
Liason Linguistics Interpreter Services | 3/30/22 | $101,994 |
Saxony Partners Llc Business Consultants | 3/30/22 | $112,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,226,595 |
| Government grants | $1,508,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,944,996 |
| Total Program Service Revenue | $159,714,801 |
| Investment income | $844,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $157,464 |
| Net Gain/Loss on Asset Sales | -$292,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,369,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $159,657 |
| 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. | $2,855,409 |
| Compensation of current officers, directors, key employees. | $2,855,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,993,271 |
| Pension plan accruals and contributions | $3,375,493 |
| Other employee benefits | $16,090,721 |
| Payroll taxes | $8,051,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $502,731 |
| Fees for services: Accounting | $76,000 |
| Fees for services: Lobbying | $22,332 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,767,204 |
| Advertising and promotion | $635,481 |
| Office expenses | $804,656 |
| Information technology | $3,332,796 |
| Royalties | $0 |
| Occupancy | $2,687,908 |
| Travel | $162,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200,582 |
| Interest | $1,153,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,955,437 |
| Insurance | $904,198 |
| All other expenses | $3,486,126 |
| Total functional expenses | $161,548,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,325 |
| Savings and temporary cash investments | $31,352,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,556,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $226,296 |
| Prepaid expenses and deferred charges | $1,913,798 |
| Net Land, buildings, and equipment | $67,374,994 |
| Investments—publicly traded securities | $22,422,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,445,904 |
| Other assets | $78,337,932 |
| Total assets | $226,651,083 |
| Accounts payable and accrued expenses | $25,388,916 |
| Grants payable | $0 |
| Deferred revenue | $289,558 |
| Tax-exempt bond liabilities | $29,779,412 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,064,366 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,786,343 |
| Total liabilities | $79,308,595 |
| Net assets without donor restrictions | $147,342,488 |
| 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 | $226,651,083 |
Grants Awarded
Over the last fiscal year, Mary Free Bed Rehabilitation Hospital has awarded $144,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: HEALTH AND HUMAN SERVICES | $45,000 |
Washington, DC PURPOSE: HEALTH AND HUMAN SERVICES | $30,000 |
Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $15,000 |
Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $10,000 |
Lansing, MI PURPOSE: PROGRAM SUPPORT | $8,200 |
Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Mary Free Bed Rehabilitation Hospital has recieved totaling $3,304,411.
| Awarding Organization | Amount |
|---|---|
Mary Free Bed Rehabilitation Hospital Foundation Grand Rapids, MI PURPOSE: SUBSIDY FOR PEDIATRIC CARE AND OTHER HOSPITAL PROGRAMS | $1,688,172 |
Mary Free Bed Guild Fund Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $538,423 |
The Steve & Amy Van Andel Foundation Grand Rapids, MI PURPOSE: HEALTH & HUMAN SERVICES | $500,000 |
Michigan Health Endowment Fund Brighton, MI PURPOSE: MICHIGAN CHANGES HEALTHY AGING PROGRAM | $351,607 |
Doornink Foundation Grand Rapids, MI PURPOSE: PEDIATRIC INITATIVE | $57,000 |
William Tuxbury Kutsche And Geraldene Gulliford Kutsche Cincinnati, OH PURPOSE: ANNUAL FUND | $42,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Of Wisconsin Inc Milwaukee, WI | $2,282,615,599 | $784,184,935 |
Dayton Osteopathic Hospital Miamisburg, OH | $501,177,592 | $570,828,934 |
Dayton Childrens Hospital Dayton, OH | $1,272,506,070 | $553,733,162 |
Childrens Hospital And Health System Inc Milwaukee, WI | $95,520,569 | $196,833,100 |
Mclaren Oakland Pontiac, MI | $169,365,746 | $230,315,863 |
Mary Free Bed Rehabilitation Hospital Grand Rapids, MI | $226,651,083 | $164,369,216 |
Pediatric Academic Association Inc Department Of Pediatrics B-132 Columbus, OH | $21,372,334 | $153,718,991 |
Childrens Specialty Group Inc Milwaukee, WI | $70,971,354 | $127,183,579 |
Burnett Medical Center Inc Grantsburg, WI | $27,610,432 | $27,344,828 |
Community Stroke And Rehabilitation Center Inc Munster, IN | $55,866,066 | $21,660,242 |
Sparrow Specialty Hospital Lansing, MI | $45,693,643 | $23,525,933 |
Straith Hospital For Special Surgery Southfield, MI | $22,252,376 | $12,573,917 |