Mclaren Northern Michigan Foundation
- Assets
- $35.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Petoskey, MI
- Founding
- 08/1983
- Data as of
- 09/2023
- EIN
- 38-2445611
Organization Overview
Mclaren Northern Michigan Foundation is located in Petoskey, MI. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Mclaren Northern Michigan Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren Northern Michigan 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 09/2023, Mclaren Northern Michigan Foundation generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $16.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mclaren Northern Michigan Foundation has awarded 37 individual grants totaling $64,349,641. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS TO SUPPORT THE MISSION OF MCLAREN NORTHERN MICHIGAN AND SUPPORT PROGRAMS THAT ENHANCE THE WELL-BEING OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCLAREN NORTHERN MICHIGAN HAS EMBARKED ON AN EXCITING JOURNEY TO BUILD THE FUTURE OF HEALTH CARE FOR OUR NORTHERN MICHIGAN COMMUNITY. OUR MULTI-PHASED PROJECT WILL INVOLVE CONSTRUCTING A NEW WING ON OUR PETOSKEY CAMPUS, AS WELL AS RENOVATING SELECT AREAS OF THE EXISTING FACILITY. THE NEW WING WILL CONSIST OF 170,000 SQ. FT OF NEW SPACE INCLUDING 92 NEW PRIVATE PATIENT ROOMS, 12 OBSERVATION BEDS AND STATE-OF-THE-ART OPERATING ROOMS.
'INCLUDING BUT NOT LIMITED TO THE FOLLOWING PROGRAM SERVICES:NURSE INTERN PROGRAM WHERE STUDENTS COME FROM COLLEGES ACROSS THE STATE AND ARE TRAINED UNDER THE DIRECT SUPERVISION OF A REGISTERED NURSE PROVIDING VALUABLE ON-THE-JOB EXPERIENCES FOR INTERNS WHILE SUPPORTING THE CURRENT NURSING STAFF.RESIDENCY PROGRAM THAT DONORS HELPED LAUNCH A FAMILY MEDICINE RURAL TRAINING TRACK AT MCLAREN NORTHERN MICHIGAN. THE FIRST TWO RESIDENTS ARRIVED ON CAMPUS IN 2023 AND PLANS ARE UNDERWAY TO FURTHER EXPAND RESIDENCY OPPORTUNITIES.IN ADDITION TO ADVANCING CARE, NEW TECHNOLOGY OFTEN HELPS RECRUIT PHYSICIANS. THE FOUNDATION HAS SUPPORTED MAJOR MEDICAL EQUIPMENT INVESTMENTS AT MCLAREN NORTHERN MICHIGAN WHICH INCLUDE EPIQ ELITE DIAGNOSTIC ULTRASOUND SYSTEM, MRI VENTILATOR, FETAL MONITORS, BONE DENSITY MACHINE, ORTHOPEDIC AND CARDIOTHORACIC SURGERY EQUIPMENT, MAKO SURGICAL ROBOT, STEREOTACTIC TABLE, AND A SURGICAL MICROSCOPE FOR NEUROSCIENCES.
THE VITALCARE HOSPICE PROGRAM PROVIDES COMPASSIONATE, PROFESSIONAL ASSISTANCE TO PATIENTS IN THE HOME, NURSING CARE FACILITIES, OR A HOSPICE HOUSE. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, SKILLED NURSING CARE, PHYSICAL THERAPY, SPEECH THERAPY, AID SERVICES, AND TAKING INTO CONSIDERATION THE PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL NEEDS. SERVICE AREAS INCLUDE HOSPICE OF SUNRISE SHORES (ALPENA AREA), HOSPICE OF THE STRAITS (CHEBOYGAN AREA), HOSPICE OF LITTLE TRAVERSE BAY (PETOSKEY AREA), AND TWO HOSPICE HOUSES, HILAND COTTAGE (PETOSKEY) AND HOSPICE HOUSE (CHEBOYGAN).
RENOVATIONS ON THE CHEBOYGAN CAMPUS TO CREATE THE JUSTIN A. BORRA BEHAVIORAL HEALTH CENTER WERE MADE POSSIBLE BY OVER 350 DONORS COMMITTING MORE THAN $6.5 MILLION. THE 18-BED INPATIENT UNIT WAS COMPLETED AND OPENED IN LATE SEPTEMBER 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Burch Director & President/ceo | OfficerTrustee | 0.5 | $0 |
Elise Fisher Chairman | OfficerTrustee | 5 | $0 |
Courtney Font Treasurer | OfficerTrustee | 0.5 | $0 |
Miriam Hollar Secretary | OfficerTrustee | 1 | $0 |
Robert Schirmer Vice Chair | OfficerTrustee | 1 | $0 |
Kal Attie Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,174 |
| Government grants | $519,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,971,540 |
| Noncash contributions included in lines 1a–1f | $138,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,527,646 |
| Total Program Service Revenue | $0 |
| Investment income | $916,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,079 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$138,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,308,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,264,337 |
| Grants and other assistance to domestic individuals. | $164,629 |
| 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 | $1,288,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,983 |
| Payroll taxes | $83,386 |
| 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 | $42,636 |
| Fees for services: Other | $40,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,174 |
| 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 | $207 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,479,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,006,768 |
| 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 | $30,697,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,542,796 |
| Total assets | $35,246,741 |
| Accounts payable and accrued expenses | $1,215,330 |
| 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 | $1,215,330 |
| Net assets without donor restrictions | $3,271,200 |
| Net assets with donor restrictions | $30,760,211 |
| 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 | $35,246,741 |
Grants Awarded
Over the last fiscal year, Mclaren Northern Michigan Foundation has awarded $14,264,337 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCLAREN NORTHERN MICHIGAN PURPOSE: CAPITAL CAMPAIGN CONTRIBUTIONS AND OTHER SUPPORT | $14,164,769 |
CARDIAC INSTITUTE PURPOSE: OUTPATIENT CARDIAC SERVICES | $99,568 |