Midmichigan Health Foundation
- Assets
- $38.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- 04/2017
- Data as of
- 06/2021
- EIN
- 81-2813405
Organization Overview
Midmichigan Health Foundation is located in Midland, MI. The organization was established in 2017. 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. Midmichigan 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 06/2021, Midmichigan Health Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $17.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Midmichigan Health Foundation has awarded 53 individual grants totaling $27,747,888. 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 ENHANCE THE BROAD HEALTHCARE PURPOSE OF MYMICHIGAN HEALTH BY RAISING FUNDS AND PUBLIC SUPPORT, AND BY FUNDING MYMICHIGAN HEALTH SERVICES, PROGRAMS, PROJECTS AND INITIATIVES THAT FURTHER THE EXEMPT PURPOSES OF MYMICHIGAN HEALTH AND ITS SUBSIDIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT FOR MEDICAL EQUIPMENT, PROGRAM SUPPORT AND THE COMPASSIONATE NEEDS OF PATIENTS SERVED BY MYMICHIGAN HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Padgett Francine Treasurer & Secretary (part Year) | OfficerTrustee | 2 | $0 |
Henderson William Vice Chair | OfficerTrustee | 2 | $0 |
Rose Michael Secretary/treasurer (part Year) | OfficerTrustee | 2 | $0 |
Opperman Sarah Chair | OfficerTrustee | 2 | $0 |
Postler-Slattery Diane Director | Officer | 2 | $0 |
O'keefe Denise Executive Director | 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 | $2,338,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,338,191 |
| Total Program Service Revenue | $0 |
| Investment income | $1,261,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,599,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,135,178 |
| 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 | $0 |
| Fees for services: Other | $0 |
| 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 | $17,135,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $567,300 |
| 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 | $2,550,000 |
| Investments—publicly traded securities | $34,793,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,469,192 |
| 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 | $0 |
| Net assets with donor restrictions | $38,469,192 |
| 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 | $38,469,192 |
Grants Awarded
Over the last fiscal year, Midmichigan Health Foundation has awarded $17,135,178 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, MI PURPOSE: PATIENT FINANCIAL ASSISTANCE, STUDENT SCHOLARSHIPS, NURSING GRANTS, CERTIFICATION, CONFERENCES AND MEDICAL EQUIPMENT | $16,284,326 |
Midland, MI PURPOSE: CHARITY CARE, MEDICAL EQUIPMENT AND NURSING GRANTS | $287,214 |
West Branch, MI PURPOSE: PATIENT FINANCIAL ASSISTANCE, MEDICAL EQUIPMENT, STUDENT SCHOLARSHIPS AND NURSING GRANTS | $226,545 |
Midland, MI PURPOSE: MEDICAL SERVICES AND SUPPORT | $108,358 |
Midland, MI PURPOSE: NURSING GRANTS AND SUPPORT | $92,492 |
Alma, MI PURPOSE: NURSING GRANTS, MEDICAL EQUIPMENT AND PATIENT FINANCIAL ASSISTANCE | $64,647 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Midmichigan Health Foundation has recieved totaling $424,184.
| Awarding Organization | Amount |
|---|---|
Michigan Health Endowment Fund Brighton, MI PURPOSE: EXPANDING ACCESS TO CARE THRU TECHNOLOGY AND TEAMWORK | $250,000 |
Midland Area Community Foundation Midland, MI PURPOSE: HUMAN SERVICES | $97,669 |
Mt Pleasant Area Community Foundation Inc Mt Pleasant, MI PURPOSE: HOSPICE CARE | $37,405 |
Gratiot County Community Foundation Ithaca, MI PURPOSE: BUILD SURGICAL UNIT | $15,000 |
Delta Foundation Glenview, IL PURPOSE: MEDICAL | $10,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $7,500 |
Endowment Analysis
| Beg. Balance | $16,990,601 |
| Earnings | $540,583 |
| Net Contributions | $150,955 |
| Ending Balance | $17,682,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |