Lakeland Health Foundation Benton Harbor - St Joseph
- Assets
- $22.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Joseph, MI
- Founding
- 12/1984
- Data as of
- 12/2019
- EIN
- 38-2539929
Organization Overview
Lakeland Health Foundation Benton Harbor - St Joseph is located in Saint Joseph, MI. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Lakeland Health Foundation Benton Harbor - St Joseph 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 12/2019, Lakeland Health Foundation Benton Harbor - St Joseph generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $990.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lakeland Health Foundation Benton Harbor - St Joseph has awarded 48 individual grants totaling $7,329,152. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES AND TO PROMOTE AND ASSIST IN PROVIDING HEALTH CARE BY ACCEPTING CONTRIBUTIONS FOR LAKELAND REGIONAL HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTED FUNDS TO A LOCAL AREA HOSPITAL FOR BETTER EQUIPMENT AND FACILITIES. THE FOUNDATION ALSO DISTRIBUTED FUNDS TO LOCAL NOT FOR PROFIT ENTITIES.
THE FOUNDATION DISTRIBUTED FUNDS TO 48 LOCAL HEALTH CARE STUDENTS FOR TUITION RELATED EXPENSES. THE FOUNDATION ALSO DISTRIBUTED FUNDS TO 18 ASSOCIATES IN NEED OF ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,263,777 |
| Investment income | $377,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,070 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,608,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,300 |
| 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 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 | $31,899 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Total functional expenses | $990,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $250,751 |
| Pledges and grants receivable | $1,407,422 |
| 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 |
| Investments—publicly traded securities | $21,058,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,716,545 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $65,365 |
| 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 | $541,466 |
| Total liabilities | $606,831 |
| Net assets without donor restrictions | $7,214,487 |
| Net assets with donor restrictions | $14,895,227 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $22,109,714 |
Grants Awarded
Over the last fiscal year, Lakeland Health Foundation Benton Harbor - St Joseph has awarded $1,284,718 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Joseph, MI PURPOSE: DISTRIBUTED FUNDS TO LOCAL HOSPITAL TO PROVIDE BETTER EQUIPMENT AND FACILITIES | $900,955 |
St Joseph, MI PURPOSE: GENERAL SUPPORT | $202,609 |
Watervliet, MI PURPOSE: PARCOURSE | $52,332 |
CITY OF NILES TREASURER PURPOSE: GENERAL SUPPORT | $40,000 |
BERRIEN RESA PURPOSE: GENERAL SUPPORT | $30,000 |
Niles, MI PURPOSE: GENERAL SUPPORT | $25,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lakeland Health Foundation Benton Harbor - St Joseph has recieved totaling $122,045.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT, LORYS' PLACE, VACCINE NAVIGATORS, STROVE PREVENTION/RECOVERY, NURSE EDUCATION | $122,045 |
Endowment Analysis
| Beg. Balance | $14,183,990 |
| Earnings | $664,911 |
| Net Contributions | $518,234 |
| Other Expense | $569,747 |
| Ending Balance | $14,797,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Bay Park Community Hospital Toledo, OH | $58,778,879 | $103,810,079 |
Aspirus Medford Hospital & Clinics Inc Medford, WI | $193,217,464 | $105,652,472 |
Reedsburg Area Medical Center Inc Reedsburg, WI | $115,043,817 | $85,985,153 |
Joint Township District Memorial Hospital St Marys, OH | $81,862,337 | $95,172,211 |
Cameron Memorial Community Hospital Inc Angola, IN | $108,637,429 | $91,161,239 |
Whitley Memorial Hospital Inc Columbia City, IN | $159,376,222 | $103,451,903 |
City Hospital Association East Liverpool, OH | $117,538,212 | $95,325,103 |
Southwest Health Center Inc Platteville, WI | $134,250,558 | $87,182,356 |