Metropolitan Foundation
- Assets
- $19.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Wyoming, MI
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 38-3033329
Organization Overview
Metropolitan Foundation, operating under the name Metro Health Hospital Foundation, is located in Wyoming, MI. The organization was established in 1992. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Health 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 06/2022, Metro Health Hospital Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTICLES OF INCORPORATION OF METRO FOUNDATION STATE THAT ITS PRIMARY PURPOSE IS TO RAISE FUNDS FOR METROPOLITAN HOSPITAL (UMH WEST). FURTHER, ITS BYLAWS PROVIDE THAT ITS SOLE MEMBER IS METRO HEALTH CORPORATION WHICH HAS RESERVED POWERS,INCLUDING APPROVAL OF ANY STRATEGIC PLANS, ANNUAL OR OTHER BUDGETS, CAPITAL EXPENDITURES NOT INCLUDED IN THE BUDGET THAT EXCEEDS A CERTAIN LIMIT, AMONG OTHERS. METRO FOUNDATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF U-M HEALTH FOR FISCAL YEAR ENDED JUNE 30, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING HANDS PROVIDES DIRECT FINANCIAL ASSISTANCE TO EMPLOYEES FACING UNUSUAL CIRCUMSTANCES AND BARRIERS. MONEY IS OFTEN SPENT ON BASIC NEEDS SUCH AS FOOD, RENT, AND BILLS. EMPLOYEES TYPICALLY APPLY AFTER AN UNFORSEEN LIFE EVENT SUCH AS A CAR ACCIDENT OR MISSING PROLONGED TIME FROM WORK.
THE 2022 VITALITY GALA IS A BLACK-TIE FUNDRAISER HIGHLIGHTING WOMEN'S HEALTH SERVICES AT UNIVERSITY OF MICHIGAN HEALTH-WEST. PROCEEDS FROM SPONSORSHIP AND DONATIONS WILL GO TO SUPPORT THE GREATEST NEEDS OF THE ORGANIZATION.
DRAGON AMBIENT EXPERIENCE (DAX) IMPLEMENTATION. IT IS AN AI-BASED TECHNOLOGY THAT CAPTURES THE NATURAL CONVERSATION BETWEEN PROVIDER AND PATIENT: SYNTHESIZING THIS INTERACTION INTO RELEVANT MEDICAL INFORMATION THAT IS USED TO AUTOMATICALLY POPULATE THE ELECTRONIC MEDICAL RECORD FOR DOCUMENTATION AND ORDERING PURPOSES.
GRANTS TO SUPPORT FOOD PANTRY SUPPLIES, BUS PASSES, LEADING-EDGE SURGICAL EQUIPMENT, GAME-CHANGING DOCUMENTATION SOFTWARE, CONTINUING EDUCATION OPPORTUNITIES, SUICIDE PREVENTION INITIATIVES, LIFE SUPPORT TRAINING, STRESS MANAGEMENT EDUCATION, EMPLOYEE CHILDCARE SUPPORT, PATIENT CARE EQUIPMENT, AND DIABETES EDUCATION PATIENT SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Welch IV Secretary | OfficerTrustee | 2 | $0 |
Meg Goebel Chairperson | OfficerTrustee | 2 | $0 |
Laurie Placinski Vice Chairpe | OfficerTrustee | 2 | $0 |
Dante Villarreal Treasurer | OfficerTrustee | 2 | $0 |
Scott Webb Past Chairpe | OfficerTrustee | 2 | $0 |
Dr Peter Hahn CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $667,509 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $853,785 |
| Noncash contributions included in lines 1a–1f | $38,284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,521,294 |
| Total Program Service Revenue | $0 |
| Investment income | $401,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$390,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,532,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,621,437 |
| 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 | $0 |
| 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 | $1,621,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,829,962 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $281,508 |
| 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 | $17,329,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,244 |
| Total assets | $19,562,296 |
| Accounts payable and accrued expenses | $1,272,907 |
| 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 | $1,272,907 |
| Net assets without donor restrictions | $18,289,389 |
| 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 | $19,562,296 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Metropolitan Foundation has recieved totaling $23,763.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $14,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $7,497,332 |
| Net Contributions | $1,131,210 |
| Other Expense | $1,606,493 |
| Ending Balance | $7,022,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent De Paul Community Pharmacy Of Cincinnati Cincinnati, OH | $5,013,896 | $12,938,720 |
Lindner Center Of Hope Professional Associates Mason, OH | $872,961 | $8,136,686 |
King Highland Community Redevelopment Corporation Cincinnati, OH | $32,830,933 | $2,909,928 |
Wisconsin Communty Action Program Association Incorporated Madison, WI | $526,927 | $3,675,578 |
Diocesan Council Of Marquette Mi Society Of St Vincent De Paul Marquette, MI | $8,667,690 | $4,832,961 |
Center For Independent Living For Western Wisconsin Inc Menomonie, WI | $4,885,643 | $4,142,811 |
Westland Taylor Corporation Westland, MI | $11,970,993 | $2,865,816 |
Particular Council Of Jackson Jackson, MI | $1,536,644 | $2,629,617 |
Otsego County Commission On Aging Gaylord, MI | $4,456,456 | $2,130,543 |
Metropolitan Foundation Wyoming, MI | $19,562,296 | $1,532,223 |
Crivitz Youth Inc Crivitz, WI | $6,211,935 | $1,738,669 |
The Manna Project Inc Harbor Springs, MI | $2,499,254 | $1,886,938 |