Munson Healthcare Foundations
- Assets
- $80.2m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Traverse City, MI
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 38-2642724
Organization Overview
Munson Healthcare Foundations is located in Traverse City, MI. The organization was established in 1986. 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 06/2021, Munson Healthcare Foundations employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Munson Healthcare Foundations 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, Munson Healthcare Foundations generated $14.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Munson Healthcare Foundations has awarded 120 individual grants totaling $55,682,013. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING CHARITABLE SUPPORT TO ENHANCE HEALTH CARE FOR THE PEOPLE OF NORTHERN MICHIGAN. THE PURPOSES FOR WHICH MUNSON HEALTHCARE FOUNDATIONS IS ORGANIZED ARE: A) TO PROVIDE SUPPORT FOR THE OBJECTS AND PURPOSES OF MUNSON HEALTHCARE, A MICHIGAN NONPROFIT CORPORATION AND ITS AFFILIATES; B) TO ASSIST IN A CHARITABLE MANNER, IN THE ACCOMPLISHMENT OF THE HEALTH CARE PURPOSES OF MUNSON HEALTHCARE AND ITS AFFILIATES; C) TO OBTAIN FUNDS TO SUPPORT PUBLIC CHARITIES IN THE AREA OF HEALTH MAINTENANCE, EDUCATION AND PREVENTION OF DISEASES; D) TO PROVIDE A BENEFIT TO MUNSON HEALTHCARE AND ITS AFFILIATES BY DISTRIBUTING INCOME OR TRANSFERRING ASSETS TO OR OTHERWISE SUPPORTING THEM; E) TO PARTICIPATE TO THE FULLEST EXTENT POSSIBLE WITHIN THE RESTRICTIONS OF THE CORPORATION'S FUNDS AND ASSETS IN ANY ACTIVITY DESIGNED AND CARRIED ON TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY; F) TO PARTICIPATE IN ESTABLISHING AND ACHIEVING MUNSON HEALTHCARE'S REGIONAL FUNDRAISING TARGETS AND GOALS IN ACCORDANCE WIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS FOR THE SUPPORT OF MUNSON MEDICAL CENTER, A RELATED ORGANIZATION IN THE MUNSON HEALTHCARE SYSTEM. MAJOR INITIATIVES FUNDED INCLUDE COVID-19 RESPONSE, REPLACEMENT OF FETAL HEART MONITOR, REPLACEMENT OF NICU FIXED WING STRETCHER, PURCHASE OF MR-1 VENTILATOR, PURCHASE OF PEDIATRIC THERAPY PLAYGROUND EQUIPMENT, RENOVATION OF ELECTROPHYSIOLOGY LAB, AND SUPPORT OF TELEHEALTH EFFORTS. OTHER FUNDED ITEMS INCLUDE UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA, MEDICAL EQUIPMENT PURCHASES, SUPPORT FOR CHILD HEALTH AND WELLNESS, WOMEN'S CANCER FUND DISTRIBUTIONS TO PATIENTS, SUPPORT OF ONGOING CANCER RESEARCH, THERAPY SERVICES, CONTINUING MEDICAL EDUCATION, NURSING AND STAFF TRAINING, AND SUPPORT OF OTHER HOSPITAL BASED PROGRAMS.
FUNDS FOR THE SUPPORT OF MUNSON HEALTHCARE CADILLAC, A RELATED ORGANIZATION IN THE MUNSON HEALTHCARE SYSTEM. MAJOR INITIATIVES FUNDED INCLUDE THE ADDITION OF A NEW OPERATING ROOM, PURCHASE OF A NEW BUILDING TO DEVELOP AN OUTPATIENT HEALTHCARE FACILITY, PURCHASE OF LAPAROSCOPY, GYNECOLOGICAL AND OTHER MEDICAL EQUIPMENT, PURCHASE OF INFUSION CHAIRS AND BARIATRIC GUEST CHAIRS, AND COVID-19 RESPONSE.
FUNDS FOR THE SUPPORT OF MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL, A RELATED ORGANIZATION IN THE MUNSON HEALTHCARE SYSTEM. MAJOR INITIATIVES FUNDED INCLUDE EMERGENCY DEPARTMENT AND SURGERY EXPANSION, PURCHASE OF A 3D MAMMOGRAPHY UNIT, COVID-19 RESPONSE AND UNMET PATIENT NEEDS.
ADDITIONALLY, MUNSON HEALTHCARE FOUNDATIONS SERVES AS THE FUNDRAISING ARM FOR THE ENTIRE MUNSON HEALTHCARE SYSTEM. SPECIFIC PROGRAMS IN TAX YEAR 2020 RAISED MONEY FOR MUNSON MEDICAL CENTER, MUNSON HEALTHCARE CADILLAC, MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL, MUNSON HEALTHCARE GRAYLING, MUNSON HEALTHCARE CHARLEVOIX HOSPITAL, PAUL OLIVER MEMORIAL HOSPITAL AND MUNSON HEALTHCARE MANISTEE HOSPITAL. OTHER GRANTS FUNDED SUPPORT OF THE MAMMOGRAPHY ASSISTANCE PROGRAM AND ADVERSE CHILDHOOD EXPERIENCES AND RESILIENCY SERVICES IN SCHOOLS AND COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Henderson Pt-Yr Presid | OfficerTrustee | 40 | $128,854 |
Ruth Bloomer Senior Givin | 40 | $110,881 | |
Pamela Anderson Secretary/tr | OfficerTrustee | 2 | $0 |
Benjamin Muladore Vice Chair | OfficerTrustee | 2 | $0 |
Desiree Worthington Pt-Yr Presid | OfficerTrustee | 40 | $0 |
Kathy Dixon Chair/vice C | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,996 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,697,869 |
| Noncash contributions included in lines 1a–1f | $623,976 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,831,865 |
| Total Program Service Revenue | $2,155,916 |
| Investment income | $755,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,305,614 |
| Net Income from Fundraising Events | $5,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,056,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,335,960 |
| 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 | $1,024,387 |
| Pension plan accruals and contributions | $70,454 |
| Other employee benefits | $134,471 |
| Payroll taxes | $74,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,500 |
| Fees for services: Investment Management | $186,104 |
| Fees for services: Other | $645,586 |
| Advertising and promotion | $5,531 |
| Office expenses | $72,273 |
| Information technology | $48,385 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,617 |
| All other expenses | $27 |
| Total functional expenses | $9,703,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,725,716 |
| Pledges and grants receivable | $7,681,116 |
| Accounts receivable, net | $3,352 |
| 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 | $11,340 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $48,706,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,092,826 |
| Total assets | $80,220,847 |
| Accounts payable and accrued expenses | $131,109 |
| 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 | $260,512 |
| Total liabilities | $391,621 |
| Net assets without donor restrictions | $6,749,953 |
| Net assets with donor restrictions | $73,079,273 |
| 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 | $80,220,847 |
Grants Awarded
Over the last fiscal year, Munson Healthcare Foundations has awarded $7,335,960 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Traverse City, MI PURPOSE: CAPITAL SUPPORT | $2,243,837 |
Traverse City, MI PURPOSE: CAPITAL SUPPORT | $1,297,597 |
Traverse City, MI PURPOSE: OPERATIONAL SUPPORT | $1,186,177 |
Traverse City, MI PURPOSE: OPERATIONAL SUPPORT | $482,677 |
Gaylord, MI PURPOSE: CAPITAL SUPPORT | $470,726 |
Traverse City, MI PURPOSE: OPERATIONAL SUPPORT | $357,667 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Munson Healthcare Foundations has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
John C And Mary Jane Howard Foundation Richland, MI PURPOSE: GENERAL SUPPORT | $5,000 |
David C Petrick And Ellen R Petrick Foundation Frankfort, MI PURPOSE: TO SUPPORT HEALTHCARE. | $2,000 |
Endowment Analysis
| Beg. Balance | $46,912,111 |
| Earnings | $7,225,702 |
| Admin Expense | $186,104 |
| Net Contributions | $11,059,503 |
| Other Expense | $47,105 |
| Grants | $7,335,960 |
| Ending Balance | $57,628,147 |
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 |