North Canton Medical Foundation
- Assets
- $24.8m
- Revenue
- $2.5m
- Investments
- $24.5m
- Employees
- 2
- Location
- North Canton, OH
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3060489
Organization Overview
North Canton Medical Foundation is located in North Canton, OH. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, North Canton Medical Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Canton 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, North Canton Medical Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $596.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North Canton Medical Foundation has awarded 54 individual grants totaling $4,353,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE COMMUNITY HEALTH AND WELLNESS THROUGH COLLABORATION AND FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH CANTON MEDICAL FOUNDATION COLLABORATES WITH AND SPONSORS PROGRAMS THAT PROVIDE FOR HEALTH AND WELLNESS FOR THE COMMUNITY, INCLUDING AN EMPHASIS ON THE UNDERSERVED IN OUR COMMUNITY. EXAMPLES OF PROGRAMS WE CURRENTLY FUND INCLUDE INVOLVEMENT IN AND SUPPORT OF THE HARTVILLE MIGRANT MEDICAL CLINIC; INVOLVEMENT IN AND SUPPORT OF ACCESS HEALTH STARK COUNTY; MELANOMA AWARENESS EDUCATION PROGRAMS; COLLABORATIVE PROGRAMS WITH THE NORTH CANTON YMCA FOR NUTRITION EDUCATION AND PHYSICAL REHABILITATION AFTER CANCER TREATMENTS; AND A CANCER RELIEF FUND THAT PROVIDES TEMPORARY FINANCIAL SUPPORT TO CANCER PATIENTS NEEDING ASSISTANCE WITH CANCER TREATMENT-RELATED COSTS. ITS MISSION IS TO EASE THE SUFFERING OF CANCER PATIENTS BY PROVIDING FOR THEIR IMMEDIATE NEEDS IN WAYS NOT PROVIDED FOR BY OTHER PROGRAMS AND TO SUPPORT RETIRED PHYSICIANS WHO VOLUNTEER IN THE COMMUNITY THROUGH THE RETIRED PHYSICIANS PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Humphrey MD Executive Director | OfficerTrustee | 30 | $70,000 |
Ronald Manse Chairman | OfficerTrustee | 2 | $0 |
Rod Moore Secretary | OfficerTrustee | 2 | $0 |
Lisa Warburton-Gregory Vice Chairman | OfficerTrustee | 2 | $0 |
William R Cook Treasurer | OfficerTrustee | 2 | $0 |
Brian Belden Board Member | Trustee | 2 | $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 | $91,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,591 |
| Total Program Service Revenue | $0 |
| Investment income | $169,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,185,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,453,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,499 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,052 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,212 |
| Office expenses | $10,576 |
| Information technology | $850 |
| 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 | $2,672 |
| All other expenses | $0 |
| Total functional expenses | $596,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,831 |
| Savings and temporary cash investments | $25,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,063 |
| 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 | $24,473,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,782,814 |
| Accounts payable and accrued expenses | $100,000 |
| Grants payable | $130,000 |
| 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 | $230,000 |
| Net assets without donor restrictions | $21,872,070 |
| Net assets with donor restrictions | $2,680,744 |
| 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 | $24,782,814 |
Grants Awarded
Over the last fiscal year, North Canton Medical Foundation has awarded $216,590 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: CHW PROJECT | $100,000 |
Canton, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Hartville, OH PURPOSE: PUTTING HEALTH FIRST | $30,000 |
STARK COUNTY MENTAL HEALTH & ADDICTION RECOVERY PURPOSE: STARK COUNTY BEHAVIORAL HEALTH CONTINUOUS IMPROVEMENT PROJECT | $16,590 |
Canton, OH PURPOSE: 2021 MEDICAL SUPPLY PROJECT | $10,000 |
Canton, OH PURPOSE: AULTMAN CANCER DIETICIAN PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that North Canton Medical Foundation has recieved totaling $358,947.
| Awarding Organization | Amount |
|---|---|
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $288,898 |
Ann D Black Charitable Remainder Tr 20 102020221580 Brooklyn, OH PURPOSE: MED EDUC CWRU 4TH YEAR MED | $39,264 |
Aultman Health Foundation Canton, OH PURPOSE: GENERAL SUPPORT | $30,000 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $780 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $14,138,085 |
| Earnings | $2,502,371 |
| Admin Expense | $97,689 |
| Other Expense | $288,000 |
| Ending Balance | $16,254,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |