Kent Medical Foundation
- Assets
- $422.0k
- Revenue
- $44.3k
- Investments
- $360.5k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 38-6089794
Organization Overview
Kent Medical Foundation is located in Grand Rapids, MI. The organization was established in 1967. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Kent Medical 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 12/2021, Kent Medical Foundation generated $44.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $31.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AMERICA WEST MICHIGAN
FIRESIDE CHAT SERIES ON RACISM EQUALITY AND INCLUSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Dalton Executive Director | 40 | $0 | |
Paul Nicholson Vice Chair | 1 | $0 | |
Brian Janssen President | 1 | $0 | |
Alexis Boyden Trustee | 1 | $0 | |
Jayne Courts MD Trustee | 1 | $0 | |
Sandy Dettmann MD Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,388 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,645 |
| Capital Gain Net Income | $27,645 |
| Net ST Capital Gain | $27,645 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,444 |
| Total operating and administrative expenses | $30,991 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $30,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,568 |
| Savings and temporary cash investments | $8,915 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $422,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kent Medical Foundation has awarded $1,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: SUPPORT OF ORGANIZATIONS EFFORTS | $250 |
KENT CO VOL MEDICAL RESP CORP PURPOSE: SUPPORT OF ORGANIZATIONS EFFORTS | $250 |
MICH GOLDEN GLOVES PURPOSE: SUPPORT OF ORGANIZATION EFFORTS | $250 |
CHERRY HEALTH FDN PURPOSE: SUPPORT OF ORGANIZATION | $250 |
GR AFRICAN AMER HEALTH INST PURPOSE: SUPPORT OF PROGRAM | $250 |
Atlanta, GA PURPOSE: IN SUPPORT OF ORGANIZATIONS EFFORTS | $250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kent Medical Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Jack And Lija Romence Family Foundation Grand Rapids, MI PURPOSE: CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH | $236,017,036 | $24,076,221 |
Northern Michigan Medicalmanagement Petoskey, MI | $2,238,273 | $1,767,851 |
Munson Healthcare Foundations Traverse City, MI | $80,220,847 | $14,056,196 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Catherine Mcauley Health Services Corp Ypsilanti, MI | $19,999,866 | $5,350,635 |
United Food And Commercial Workers Union Local 227 & Employees Health Dayton, OH | $0 | $8,062,923 |
Plumbers Union-55 Health & Welfare Fund Plum Brooklyn Hts, OH | $11,882,405 | $6,956,726 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH | $68,588,287 | $10,915,567 |
Mt Sinai Health Care Foundation Cleveland, OH | $191,747,804 | $29,891,889 |
Plumbers And Pipefitters Local 94 Health & Welfare Fund Canfield, OH | $13,575,441 | $6,717,924 |
Teamsters Local Union 348 Health & Welfare Fund Akron, OH | $7,766,421 | $8,867,898 |
Lions Insurance Company Indianapolis, IN | $32,736,482 | $6,324,847 |