Metropolitan Foundation
- Assets
- $21.4m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Wyoming, MI
- Founding
- 04/1992
- Data as of
- 06/2023
- 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 06/2023, Metro Health Hospital Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $4.0m during the year ending 06/2023. 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
2023
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 UMH WEST 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, 2023.
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.
GRANTS TO SUPPORT LEADING-EDGE SURGICAL EQUIPMENT,GAME-CHANGING DOCUMENTATION SOFTWARE, DEI PROGRAMMING SOFTWARE, CONTINUING EDUCATIONOPPORTUNITIES, SUICIDE PREVENTION INITIATIVES, NURSING & MEDICAL ASSISTANT STAFFING SCHOLARSHIPPIPELINES, STRESS MANAGEMENT EDUCATION, EMPLOYEE CHILDCARE SUPPORT, PATIENT CAREEQUIPMENT, MATERNAL INFANT HEALTH NEEDS, FOOD PANTRY SUPPLIES, BUS PASSES, AND DIABETESEDUCATION PATIENT SUPPORT.
THE 2023 VITALITY GALA IS A BLACK-TIE FUNDRAISER HIGHLIGHTING CARDIAC SERVICES AT UNIVERSITY OF MICHIGAN HEALTH-WEST. PROCEEDS FROM SPONSORSHIP AND DONATIONS WILL GO TO SUPPORT THE GREATEST NEEDS OF THE ORGANIZATION.
THE CAPITAL CAMPAIGN FUND PROVIDES FINANCIAL SUPPORT FOR THE HEALTH SYSTEMS CAPITAL NEEDS AND PRIORITIES. DURING THE 2023 FISCAL YEAR, THIS INVOLVED FUNDING THE EFFORTS, EQUIPMENT, AND RENOVATIONS TO HELP LAUNCH THE OPEN HEART SURGERY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Peter Hahn MD MBA CEO | Officer | 1 | $0 |
Paul Kovack DO Director | Officer | 1 | $0 |
Kris Kurtz CFO | Officer | 1 | $0 |
Lance Owens DO Director | Officer | 1 | $0 |
Ethan Anderson Director | Trustee | 1 | $0 |
Connie Bohatch Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Captus Creative Llc Event Productio | 6/29/23 | $264,054 |
Amway Grand Plaza Hotel Catering | 6/29/23 | $237,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $936,411 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,999,727 |
| Noncash contributions included in lines 1a–1f | $145,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,936,138 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,068 |
| Net Income from Fundraising Events | -$652,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,258,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,994,678 |
| 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 | $3,994,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,298,519 |
| 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 | $17,782,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,051,204 |
| Total assets | $21,441,206 |
| Accounts payable and accrued expenses | $210,629 |
| 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 | $210,629 |
| Net assets without donor restrictions | $21,230,577 |
| 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 | $21,441,206 |