Oakwood Healthcare Foundation
- Assets
- $0.0
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- Data as of
- 06/2017
- EIN
- 38-3432073
Organization Overview
Oakwood Healthcare Foundation is located in Dearborn, MI. Oakwood Healthcare 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 06/2017, Oakwood Healthcare Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (48.7%) per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO ENTITIES THAT COMPRISE OAKWOOD HEALTHCARE, INC.'S HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKWOOD HEALTHCARE FOUNDATION OPERATES EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES IN SUPPORT OF THE MISSION OF THE OAKWOOD HEALTHCARE SYSTEM, THE HEALTHCARE DELIVERY SYSTEM OF OAKWOOD HEALTHCARE, INC. OAKWOOD HEALTHCARE FOUNDATION'S PURPOSE IS TO PROMOTE PHILANTHROPIC INVESTMENT OF TIME, TALENT AND TREASURE IN SUPPORT OF OAKWOOD'S NOT-FOR-PROFIT MISSION TO PROVIDE EXCELLENCE IN CARE, HEALING AND HEALTH TO THE INDIVIDUALS AND COMMUNITIES WE SERVE.DURING THE PERIOD OF 1/1/2017 TO 6/30/2017, OAKWOOD HEALTHCARE FOUNDATION RAISED MORE THAN $2.0 MILLION IN TOTAL FUNDS. OAKWOOD HEALTHCARE FOUNDATION MADE MORE THAN $2.2 MILLION IN DISBURSEMENT IN 2017 TO SUPPORT MULTIPLE PROGRAMS AND INITIATIVES INCLUDING THE FOLLOWING: - NICU EQUIPMENT AND REFURBISHMENT - $500,000 - CEF OPERATIONS & SUPPORT PROGRAMS - $411,123 - WOMEN'S PROGRAMS - $226,363 - STAFF EDUCATION AND SCHOLARSHIPS - $173,594 - ADOLESCENT HEALTH CENTERS - $153,540 - HEALTHY COMMUNITIES - $150,703 - CAPITAL EQUIPMENT - $133,382 - PATIENT EDUCATION AND CARE PROGRAMS - $66,890 - COMMUNITY HEART SCREENINGS - $63,128 - OBESITY PREVENTION - $53,864 - NURSE NAVIGATORS - $52,401 - TELEHEALTH - $50,101 - RESPIRATORY EQUIPMENT - $49,819 - NEEDY PATIENT SUPPORT - $45,014 - DIABETES EDUCATION - $34,280 - ARTS OF THE SPIRIT - $32,119 - LANGUAGE ASSISTANCE - $18,492 - EMPLOYEE SUPPORT - $16,908 - MEDICAL EDUCATION AND RESEARCH - $12,404 - MINOR EQUIPMENT - $11,683 - WIGS FOR WOMEN - $8,000 - SENIOR PROGRAMS - $5,604
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Besonson Drew Director | Trustee | 2 | $0 |
Dabbous Samir Director | Trustee | 2 | $0 |
Fitzgerald Gerald Director | Trustee | 2 | $0 |
Hennessey Joan Director | Trustee | 2 | $0 |
Kosch Mary Director | Trustee | 2 | $0 |
Kumar MD Neelam Chairperson | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $300,529 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,747,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,047,914 |
| Total Program Service Revenue | $0 |
| Investment income | $1,894,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,921,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,264,868 |
| 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 | $541,042 |
| Pension plan accruals and contributions | $18,703 |
| Other employee benefits | $77,436 |
| Payroll taxes | $47,219 |
| 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 | $5,000 |
| Advertising and promotion | $10,767 |
| Office expenses | $4,133 |
| Information technology | $1,848 |
| Royalties | $0 |
| Occupancy | $62 |
| Travel | $2,084 |
| 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 | $229 |
| Insurance | $84 |
| All other expenses | $0 |
| Total functional expenses | $3,141,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Oakwood Healthcare Foundation has awarded $9,810,858 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OAKWOOD HEALTHCARE INC PURPOSE: SUPPORT OF THE MISSION AND OPERATIONS OF OAKWOOD HEALTH SYSTEMS. | $9,559,516 |
OAKWOOD HOME CARE SERVICES PURPOSE: SUPPORT OF THE MISSION AND OPERATIONS OF OAKWOOD HEALTH SYSTEMS. | $135,764 |
OAKWOOD HEALTH PROMOTIONS INC PURPOSE: SUPPORT OF THE MISSION AND OPERATIONS OF OAKWOOD HEALTH SYSTEMS. | $64,024 |
OAKWOOD ENTERPRISES INC PURPOSE: SUPPORT OF THE MISSION AND OPERATIONS OF OAKWOOD HEALTH SYSTEMS. | $51,554 |