Mymichigan Health Foundation
- Assets
- $53.2m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 81-2813405
Organization Overview
Mymichigan 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. Mymichigan 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 06/2022, Mymichigan Health Foundation generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $7.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mymichigan Health Foundation has awarded 44 individual grants totaling $31,528,599. 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
2022
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 |
|---|---|---|---|
Postler-Slattery Diane Director (part Year) | Officer | 2 | $0 |
Rogers Gregory Director (part Year) | Officer | 2 | $0 |
Rose Michael Secretary/treasurer | OfficerTrustee | 2 | $0 |
Padgett Francine Former Treasurer & Secretary | 0 | $0 | |
O'keefe Denise Executive Director | Trustee | 2 | $0 |
Rapp Donna Former President | 0 | $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 | $21,287,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,287,389 |
| Total Program Service Revenue | $0 |
| Investment income | $1,311,702 |
| 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 | $22,599,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,800,727 |
| 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 | $7,800,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,332,841 |
| 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 | $37,722,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,196,426 |
| 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 | $53,196,426 |
| 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 | $53,196,426 |
Grants Awarded
Over the last fiscal year, Mymichigan Health Foundation has awarded $7,800,727 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MYMICHIGAN MEDICAL CENTER MIDLAND PURPOSE: PATIENT FINANCIAL ASSISTANCE, STUDENT SCHOLARSHIPS, NURSING GRANTS, CERTIFICATION, CONFERENCES AND MEDICAL EQUIPMENT | $1,218,643 |
MYMICHIGAN MEDICAL CENTER ALPENA PURPOSE: PATIENT FINANCIAL ASSISTANCE, NURSING GRANTS AND STUDENT SCHOLARSHIPS | $5,773,187 |
MYMICHIGAN MEDICAL GROUP PURPOSE: MEDICAL SERVICES AND SUPPORT | $272,590 |
MYMICHIGAN MEDICAL CENTER ALMA PURPOSE: NURSING GRANTS, MEDICAL EQUIPMENT AND PATIENT FINANCIAL ASSISTANCE | $83,660 |
MYMICHIGAN HOME CARE PURPOSE: CHARITY CARE, MEDICAL EQUIPMENT AND NURSING GRANTS | $242,145 |
MYMICHIGAN HEALTH PURPOSE: NURSING GRANTS AND SUPPORT | $57,875 |