Scheurer Hospital Foundation
- Assets
- $1.4m
- Revenue
- $77.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pigeon, MI
- Founding
- 08/1988
- Data as of
- 06/2021
- EIN
- 38-2768092
Organization Overview
Scheurer Hospital Foundation is located in Pigeon, MI. The organization was established in 1988. 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. Scheurer 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 06/2021, Scheurer Hospital Foundation generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $5.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHEURER HOSPITAL FOUNDATION RECEIVES AND MANAGES DONATIONS UTILITED FOR REPLACEMENT AND EXPANSION OF EXISTING FACILITIES, TO PURCHASE AND UPGRADE EQUIPMENT, AND TO PROVIDE COMMUNITY AND INDIVIDUAL BENEFIT FOR THE COMMUNITY SERVED BY SCHEURER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEURER HOSPITAL FOUNDATION INCLUDES THE SCHEURER HOSPITAL AUXILIARY. THE PRIMARY FUNCTION OF THE AUXILIARY IS FUNDRAISING. THE REVENUE DERIVED FROM THESE FUNDRAISING ACTIVITES IS PRIMARILY DONATED TO SCHEURER HOSPITAL AND SCHEURER COMMUNITY SERVICES FOR THE PURPOSE OF IMPROVING AND EXPANDING EXISTING FACILITIES AND TO REPLACE AND UPGRADE HOSPITAL EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Khan MD Trustee | Officer | 1 | $0 |
Terrance Lerash CEO Scheurer | Officer | 1 | $0 |
John Schaefer Treasurer | Officer | 1 | $0 |
Terry Lutz Cfo/vp Scheu | Officer | 1 | $0 |
Colleen Poisson Secretary | Officer | 1 | $0 |
Scott Meyersieck Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,793 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,862 |
| Total Program Service Revenue | $0 |
| Investment income | $30,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $3,731 |
| 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 | $5,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,329,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,413 |
| 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 | $1,357,382 |
| Accounts payable and accrued expenses | $847 |
| 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 | $847 |
| Net assets without donor restrictions | $1,356,535 |
| 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 | $1,357,382 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scheurer Hospital Foundation has recieved totaling $408.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $408 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Hospital Cleveland, OH | $20,904,210 | $11,352,470 |
Methodist Health Group Inc Indianapolis, IN | $6,943,695 | $87,505 |
Mount Carmel Health System Foundation Columbus, OH | $179,224,370 | $14,161,833 |
Deckerville Community Hospital Inc Deckerville, MI | $5,907,147 | $9,135,528 |
Oakwood United Hospitals Inc Southfield, MI | $94,030,590 | $0 |
Winton Hills Medical & Health Center Cincinnati, OH | $6,360,553 | $8,445,902 |
219 Health Network Inc East Chicago, IN | $2,298,035 | $8,594,314 |
Springvale Health Centers Inc Dover, OH | $4,988,165 | $9,133,270 |
Northern Lights Services Inc Washburn, WI | $7,344,645 | $7,186,727 |
Southwestern Healthcare Inc Evansville, IN | $14,194,545 | $5,739,388 |
Harrison Community Hospital Inc Cadiz, OH | $10,207,215 | $3,844,934 |
Well Care Community Health Inc Richmond, IN | $3,385,577 | $5,515,559 |