Memorial Health System
- Assets
- $5.2m
- Revenue
- $5.1m
- Investments
- $1.4m
- Employees
- 0
- Location
- Jacksonville, IL
- Founding
- 04/2010
- Data as of
- 09/2015
- EIN
- 46-1037396
Organization Overview
Memorial Health System is located in Jacksonville, IL. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN RELATIONSHIPS THAT GENERATE PHILANTHROPIC SUPPORT TO ENHANCE THE PASSAVANT MEMORIAL AREA HOSPITAL ASSOCIATION'S ABILITY TO PROVIDE EXCELLENCE IN HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SERVES TO CONNECT THE PASSAVANT HOSPITAL WITH DONORS AND TO SECURE FUNDING FOR MISSION-CRITICAL PRIORITIES. THE FOUNDATION IS BUILDING A STRONG COMMUNITY TRADITION FOR FINANCIAL SUPPORT TO MEET LOCAL HEALTHCARE NEEDS AND DEMONSTRATING DIRECT BENEFITS.DONATIONS ARE USED TO MAKE IMPROVEMENTS ACROSS ALL HOSPITAL DEPARTMENTS, AND ULTIMATELY, RESULT IN GREATER PATIENT SATISFACTION. DONATIONS ALSO ALLOW FOR THE PURCHASE OF THE LATEST MEDICAL TECHNOLOGY.DONOR GIFTS WERE MADE TWO WAYS, UNRESTRICTED OR RESTRICTED. SIGNIFICANT DONATIONS RECEIVED IN FISCAL YEAR 2015 INCLUDED $3,504,000 OF FARMLAND AS AN UNRESTRICTED DONATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Lape President | OfficerTrustee | 0.7 | $0 |
Linda Donovan VP Of Stewardship & Gifts | OfficerTrustee | 0.7 | $0 |
Ron Tendick Vice President Of Nominations | OfficerTrustee | 0.7 | $0 |
Mary Fergurson Secretary | OfficerTrustee | 0.7 | $0 |
Steve Turner Treasurer | OfficerTrustee | 0.7 | $0 |
David Bolen Top Financial Official | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,049,813 |
| Investment income | $23,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,772 |
| Net Gain/Loss on Asset Sales | -$22,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,133,842 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $85,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $401 |
| 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 | $2,540 |
| Office expenses | $5,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $545 |
| All other expenses | $0 |
| Total functional expenses | $201,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,741 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,446,783 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $5,197,024 |
| 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 | $45,000 |
| Total liabilities | $45,000 |
| Net assets without donor restrictions | $3,772,266 |
| Net assets with donor restrictions | $892,697 |
| Capital stock or trust principal, or current funds | $487,061 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,152,024 |
Endowment Analysis
| Beg. Balance | $394,915 |
| Earnings | $1,785 |
| Admin Expense | $2,233 |
| Net Contributions | $1,163,655 |
| Grants | $111,339 |
| Ending Balance | $1,446,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Via Christi Health Inc St Louis, MO | $224,688,914 | $97,145,070 |
Hospital & Medical Foundation Of Paris Inc Paris, IL | $105,317,026 | $88,599,305 |
Mercy Health Southwest Missouri Kansas Communities Joplin, MO | $10,110,095 | $51,629,462 |
Memorial Health System Springfield, IL | $156,520,865 | $97,418,294 |
Alabama Providence Healthcare Services St Louis, MO | $11,011,126 | $32,937,947 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Alexian Health Senior Care St Louis, MO | $102,929,303 | $37,706,553 |
Esperanza Health Centers Chicago, IL | $28,840,414 | $38,575,454 |
Primary Healthcare Associates Sc Harvey, IL | $3,794,694 | $21,243,184 |
Alexian Brothers Medical Care Group Nfp St Louis, MO | $4,939,954 | $17,353,672 |
Ucm Care Network Medical Group Inc Chicago, IL | $46,395,870 | $13,739,776 |