Munson Healthcare Otsego Memorial Hospital Foundation
- Assets
- $0.0
- Revenue
- $721.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaylord, MI
- Founding
- 11/1977
- Data as of
- 06/2020
- EIN
- 38-2135473
Organization Overview
Munson Healthcare Otsego Memorial Hospital Foundation is located in Gaylord, MI. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Munson Healthcare Otsego Memorial Hospital 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 06/2020, Munson Healthcare Otsego Memorial Hospital Foundation generated $721.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL FOUNDATION IS TO PROVIDE A COMPREHENSIVE PROGRAM OF FUND DEVELOPMENT THAT SUPPORTS THE MISSION AND VISION OF MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS SUPPORT MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL. THE GRANTS FUNDED A DIGITAL BREAST TOMOSYNTHESIS UNIT, THE EXPANSION OF THE EMERGENCY AND SURGERY DEPARTMENTS AND UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA.
FUNDS SUPPORT MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL. THE GRANTS FUNDED A DIGITAL BREAST TOMOSYNTHESIS UNIT, THE EXPANSION OF THE EMERGENCY AND SURGERY DEPARTMENTS AND UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Courtois Treasurer | OfficerTrustee | 2 | $0 |
Thomas Lemon President | OfficerTrustee | 2 | $0 |
Phil Hofweber Vice Chair | OfficerTrustee | 2 | $0 |
Jen Mazur Secretary | OfficerTrustee | 2 | $0 |
Barry Owens Chair | OfficerTrustee | 2 | $0 |
Mark Hepler CFO | Officer | 2 | $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 | $488,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,679 |
| Total Program Service Revenue | $133,366 |
| Investment income | $56,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $721,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $873,261 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,821 |
| Fees for services: Other | $133,366 |
| 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 | $0 |
| All other expenses | $23,868 |
| Total functional expenses | $1,038,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Munson Healthcare Otsego Memorial Hospital Foundation has awarded $1,746,522 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Gaylord, MI PURPOSE: CAPITAL SUPPORT | $825,982 |
Gaylord, MI PURPOSE: CAPITAL SUPPORT | $825,982 |
Gaylord, MI PURPOSE: OPERATIONAL SUPPORT | $47,279 |
Gaylord, MI PURPOSE: OPERATIONAL SUPPORT | $47,279 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Munson Healthcare Otsego Memorial Hospital Foundation has recieved totaling $7,875.
| Awarding Organization | Amount |
|---|---|
Otsego Community Foundation Gaylord, MI PURPOSE: CANCER PATIENTS NEEDS FUND | $7,875 |
Endowment Analysis
| Beg. Balance | $2,387,797 |
| Earnings | $116,020 |
| Admin Expense | $7,821 |
| Net Contributions | -$1,598,867 |
| Other Expense | $23,868 |
| Grants | $873,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |
Reformed Benefits Association Grand Rapids, MI | $9,561,157 | $15,087,077 |
Bronson Properties Corporation Kalamazoo, MI | $80,947,112 | $15,014,502 |