Saint Marys Foundation
- Assets
- $30.4m
- Revenue
- $4.6m
- Investments
- $10.5m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 07/1967
- Data as of
- 06/2021
- EIN
- 38-1779602
Organization Overview
Saint Marys Foundation is located in Grand Rapids, MI. The organization was established in 1967. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Marys 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, Saint Marys Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 6.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PROGRAMS OF MERCY HEALTH SAINT MARY'S
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1964, SAINT MARY'S FOUNDATION ("FOUNDATION"), LOCATED IN GRAND RAPIDS, MI, HAS SERVED AS THE FUNDRAISING ARM OF MERCY HEALTH SAINT MARY'S, AN UNINCORPORATED DIVISION OF TRINITY HEALTH-MICHIGAN. THE ACTIVITIES OF THE FOUNDATION INCLUDE PROVIDING FINANCIAL RESOURCES THROUGH VOLUNTEERS SERVICES AND FUNDRAISING ACTIVITIES, AND PROMOTING HEALTH EDUCATION. THE FOUNDATION RAISED $1,746,754 IN FISCAL YEAR 2021 FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS, AND THE FEDERAL AND STATE GOVERNMENT WITH ASSISTANCE FROM DEDICATED VOLUNTEERS AND GENEROUS FRIENDS. THE FOUNDATION GAVE $1,652,392 TO MERCY HEALTH SAINT MARY'S THIS YEAR. DURING FISCAL YEAR 2021. FUNDS RAISED SUPPORTED CLINICAL EXCELLENCE, MEDICAL AND NURSING EDUCATION, CAMPUS ENHANCEMENTS, AND COMMUNITY OUTREACH AND PATIENT SUPPORT. THESE CONTRIBUTIONS HELP MERCY HEALTH SAINT MARY'S MEET THE VAST MEDICAL AND SOCIAL SERVICE NEEDS OF THE UNINSURED AND UNDERINSURED COMMUNITY AND TO RESPOND TO THE UNMET NEEDS OF OLDER PERSONS IN THE COMMUNITY.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.MERCYHEALTH.COM/DONATE/SAINT-MARYS-FOUNDATION/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Green Trustee; VP Fin Mercy Health St Mary | OfficerTrustee | 1 | $0 |
Kim Clarke Trustee; Chair | OfficerTrustee | 1 | $0 |
Veverly Austin Trustee; Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Crowley Trustee; Secretary | OfficerTrustee | 1 | $0 |
Scott Breslin Trustee; Vice Chair | OfficerTrustee | 1 | $0 |
Michelle Rabideau President, Saint Mary's Foundation | Officer | 50 | $0 |
Financial Statements
| 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 | $1,746,754 |
| Noncash contributions included in lines 1a–1f | $161,818 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,746,754 |
| Total Program Service Revenue | $0 |
| Investment income | $1,209,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,651,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,607,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,738,817 |
| 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. | $196,676 |
| Compensation of current officers, directors, key employees. | $196,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,350 |
| Payroll taxes | $36,115 |
| 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 | $47,659 |
| Fees for services: Other | $83,623 |
| Advertising and promotion | $0 |
| Office expenses | $10,614 |
| 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 | $473 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $559 |
| All other expenses | $0 |
| Total functional expenses | $2,499,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,473 |
| Accounts receivable, net | $65,971 |
| 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 | $19,752,310 |
| Investments—other securities | $10,533,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,391 |
| Total assets | $30,383,083 |
| Accounts payable and accrued expenses | $47,022 |
| 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 | $335,035 |
| Total liabilities | $382,057 |
| Net assets without donor restrictions | $19,349,575 |
| Net assets with donor restrictions | $10,651,451 |
| 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 | $30,383,083 |
Grants Awarded
Over the last fiscal year, Saint Marys Foundation has awarded $1,738,817 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Livonia, MI PURPOSE: GENERAL SUPPORT | $1,652,392 |
Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $86,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Marys Foundation has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Brown Tassell Foundation Grand Rapids, MI PURPOSE: OPERATING | $35,000 |
Endowment Analysis
| Beg. Balance | $2,017,098 |
| Earnings | $766,477 |
| Net Contributions | $115,525 |
| Other Expense | $742,432 |
| Ending Balance | $2,156,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys Foundation Grand Rapids, MI | $30,383,083 | $4,607,541 |
Center For Dialysis Care At Heather Hills Shaker Heights, OH | $881,734 | $1,604,390 |
Indiana Institute For Medical Research Inc Indianapolis, IN | $2,711,887 | $1,140,954 |
Cryptic Masons Medical Research Foundation Inc Brownsburg, IN | $5,269,726 | $1,168,505 |
Michigan Society For Medical Research Inc Ann Arbor, MI | $18,234 | $13,000 |