Mackinac Straits Health Foundation
- Assets
- $1.4m
- Revenue
- $657.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Ignace, MI
- Founding
- 09/2014
- Data as of
- 03/2022
- EIN
- 46-5296565
Organization Overview
Mackinac Straits Health Foundation is located in Saint Ignace, MI. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mackinac Straits Health 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 03/2022, Mackinac Straits Health Foundation generated $657.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $94.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (27.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO MACKINAC STRAITS HEALTH SYSTEM IN ORDER TO IMPROVE THE HEALTH STATUS OF THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS TO SUPPORT MACKINAC STRAITS HEALTH SYSTEM IN ORDER TO IMPROVE THE HEALTH STATUS OF THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R North Chairman | OfficerTrustee | 0.7 | $0 |
Margaret Doud Vice Chair | OfficerTrustee | 0.7 | $0 |
Wesley H Maurer Jr Secretary | OfficerTrustee | 0.7 | $0 |
Prentiss M Brown Treasurer | OfficerTrustee | 0.7 | $0 |
Michael Grisdale Executive Director | Officer | 18 | $0 |
Karen Cheeseman Trustee/mshs CEO | Trustee | 0.7 | $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 | $575,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,757 |
| Total Program Service Revenue | $0 |
| Investment income | $1,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $67,255 |
| Net Income from Gaming Activities | $11,804 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,389 |
| 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 | $2,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,900 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,114 |
| Advertising and promotion | $1,642 |
| Office expenses | $4,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110 |
| Travel | $268 |
| 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 | $85 |
| Total functional expenses | $94,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $104,998 |
| 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 | $1,384,829 |
| 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 |
| Net assets without donor restrictions | $1,384,829 |
| Net assets with donor restrictions | $0 |
| 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 | $1,384,829 |
Grants Awarded
Over the last fiscal year, Mackinac Straits Health Foundation has awarded $856,471 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Ignace, MI PURPOSE: grants paid for general operating expenses. | $673,779 |
Mackinac Island, MI PURPOSE: Purchase physician house. | $182,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mackinac Straits Health Foundation has recieved totaling $160.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
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 |