Munson Healthcare Foundations
- Assets
- $72.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Traverse City, MI
- Founding
- 05/1986
- Data as of
- 06/2022
- 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 06/2022, Munson Healthcare Foundations employed 17 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 06/2022, Munson Healthcare Foundations generated $10.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Munson Healthcare Foundations has awarded 112 individual grants totaling $62,008,453. 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
2022
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 THE EXPANSION OF SURGICAL SERVICES, INSTALLATION OF A STATE-OF-THE-ART IMAGING SYSTEM IN THE CARDIAC CATHETERIZATION LAB, CAPITAL SUPPORT OF THE MRI MACHINE, AND OPERATIONAL SUPPORT FOR STROKE RELATED SURGICAL SUPPLIES, PROGRAM SUPPORT AND PHYSICIAN RECRUITMENT. 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.
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.
FUNDS FOR THE SUPPORT OF MUNSON HEALTHCARE CADILLAC, A RELATED ORGANIZATION IN THE MUNSON HEALTHCARE SYSTEM. MAJOR INITIATIVES FUNDED INCLUDE THE PURCHASE OF MEDICAL EQUIPMENT INCLUDING A NUCLEAR MEDICINE CAMERA, A COAGULATION ANALYZER, UROLOGY SCOPES, NEOPROBE EQUIPMENT, FETAL MONITORS AND ULTRASOUND EQUIPMENT. OTHER FUNDED ITEMS INCLUDE FLOOR AND MATTRESS UPGRADES, COVID-19 RESPONSE, UNMET HEALTHCARE NEEDS OF PATIENTS IN THE MUNSON SERVICE AREA, AND CONTINUING MEDICAL EDUCATION.
FUNDS FOR THE SUPPORT OF PAUL OLIVER MEMORIAL HOSPITAL, A RELATED ORGANIZATION IN THE MUNSON HEALTHCARE SYSTEM. MAJOR INITIATIVES FUNDED INCLUDE THE PURCHASE OF MEDICAL EQUIPMENT INCLUDING 3D MAMMOGRAPHY EQUIPMENT, AN ECHOCARDIOGRAM MACHINE, EXAM TABLES, A VASCULAR TESTING SYSTEM, A HEMATOLOGY ANALYZER, 3 EKG MACHINES AND AN ULTRASOUND MACHINE. OTHER FUNDED ITEMS INCLUDE MOVING THE INFUSION CLINIC, PURCHASE OF CARDIAC CHAIRS AND AN EXERCISE BIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Ness Director | Trustee | 1 | $0 |
Mark A Hepler Former CFO | $0 | ||
Alicia M Maitland CFO | OfficerTrustee | 2 | $0 |
Debra Henderson President | OfficerTrustee | 40 | $0 |
Desiree Worthington Former Presi | $0 | ||
Pamela Anderson Sec/treas Pt | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $295,559 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,496,628 |
| Noncash contributions included in lines 1a–1f | $179,534 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,792,187 |
| Total Program Service Revenue | $1,533,901 |
| Investment income | $1,040,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,022,322 |
| Net Income from Fundraising Events | -$17,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,371,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,996,379 |
| 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 | $1,026,373 |
| Pension plan accruals and contributions | $47,050 |
| Other employee benefits | $125,805 |
| Payroll taxes | $73,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,800 |
| Fees for services: Investment Management | $248,716 |
| Fees for services: Other | $0 |
| Advertising and promotion | $565 |
| Office expenses | $72,339 |
| Information technology | $50,571 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $231 |
| Total functional expenses | $9,747,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,940,097 |
| Pledges and grants receivable | $6,968,265 |
| 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 | $43,818,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,477,705 |
| Total assets | $72,204,145 |
| Accounts payable and accrued expenses | $151,781 |
| 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 | $130,646 |
| Total liabilities | $282,427 |
| Net assets without donor restrictions | $6,443,241 |
| Net assets with donor restrictions | $65,478,477 |
| 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 | $72,204,145 |
Grants Awarded
Over the last fiscal year, Munson Healthcare Foundations has awarded $7,992,129 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
MUNSON MEDICAL CENTER PURPOSE: OPERATIONAL SUPPORT | $3,081,327 |
MUNSON MEDICAL CENTER PURPOSE: CAPITAL SUPPORT | $1,984,922 |
MUNSON HEALTHCARE CADILLAC PURPOSE: OPERATIONAL SUPPORT | $92,130 |
MUNSON HEALTHCARE CADILLAC PURPOSE: CAPITAL SUPPORT | $1,158,930 |
PAUL OLIVER MEMORIAL HOSPITAL PURPOSE: OPERATIONAL SUPPORT | $98,925 |
MUNSON HEALTHCARE CHARLEVOIX HOSPIT PURPOSE: CAPITAL SUPPORT | $94,004 |