Froedtert Hospital Foundation Inc
- Assets
- $27.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1991
- Data as of
- 06/2021
- EIN
- 39-1431192
Organization Overview
Froedtert Hospital Foundation Inc is located in Milwaukee, WI. The organization was established in 1991. 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. Froedtert Hospital Foundation Inc 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, Froedtert Hospital Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
DEVELOP AND GROW PHILANTHROPIC RESOURCES TO OPTIMIZE THE INITIATIVES OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC. (FMLH) TO IMPROVE PATIENT OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FROEDTERT HOSPITAL FOUNDATION, INC. RAISES REVENUE TO SUPPORT VARIOUS HEALTH CARE RELATED SERVICES AND ACTIVITIES OF FROEDTERT MEMORIAL LUTHERAN HOSPITAL, INC., SUCH AS HOSPITAL OPERATIONS, RESEARCH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Goller Christopher G Director & Bod Chair/v.chair | OfficerTrustee | 1 | $0 |
Beckman Mitchell Director & Executive Director | OfficerTrustee | 1 | $0 |
Ritchie Kip Director & Bod Secretary | OfficerTrustee | 1 | $0 |
Van DE Kreeke Jeffrey Treasurer | Officer | 1 | $0 |
Conley Eric Director & Fmlh President | Trustee | 1 | $0 |
Jacobson Catherine Director & Fh President/ceo | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,477,890 |
| Noncash contributions included in lines 1a–1f | $268,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,477,890 |
| Total Program Service Revenue | $0 |
| Investment income | $501,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $435,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,415,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $712,262 |
| 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 | $2,804 |
| Fees for services: Other | $462,182 |
| 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 | $1,373,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $534,439 |
| 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 | $26,861,392 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,842,076 |
| Accounts payable and accrued expenses | $434,391 |
| 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 | $434,391 |
| Net assets without donor restrictions | $16,877,580 |
| Net assets with donor restrictions | $10,530,105 |
| 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 | $27,842,076 |
Grants Awarded
Over the last fiscal year, Froedtert Hospital Foundation Inc has awarded $1,176,212 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: Support research and education | $1,162,462 |
INCEPTION HEALTH LLC | | | $13,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Froedtert Hospital Foundation Inc has recieved totaling $10,750.
| Awarding Organization | Amount |
|---|---|
Debbink Family Foundation Inc Oconomowoc, WI PURPOSE: ANNUAL GIVING | $10,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $500 |
Clarence And Pearl Becker Charitable Foundation Milwaukee, WI PURPOSE: GENERAL | $250 |
Endowment Analysis
| Beg. Balance | $12,468,124 |
| Earnings | $1,501,046 |
| Admin Expense | -$5,043 |
| Net Contributions | $145,619 |
| Other Expense | $98,838 |
| Grants | $155,673 |
| Ending Balance | $13,865,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Reformed Benefits Association Grand Rapids, MI | $9,561,157 | $15,087,077 |
Bronson Properties Corporation Kalamazoo, MI | $80,947,112 | $15,014,502 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund Bingham Farms, MI | $17,296,602 | $13,659,462 |