Marshfield Clinic Health System Foundation Inc
- Assets
- $129.9m
- Revenue
- $18.9m
- Investments
- $103.1m
- Employees
- 0
- Location
- Marshfield, WI
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-2822823
Organization Overview
Marshfield Clinic Health System Foundation Inc is located in Marshfield, WI. The organization was established in 2016. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Marshfield Clinic Health System Foundation Inc 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 12/2022, Marshfield Clinic Health System Foundation Inc generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $6.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Marshfield Clinic Health System Foundation Inc has awarded 34 individual grants totaling $30,603,062. 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
WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARSHFIELD CLINIC HEALTH SYSTEM FOUNDATION, INC. (MCHSF) WAS INCORPORATED IN MAY 2016 AS A NONPROFIT, NONSTOCK CORPORATION TO SUPPORT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF MARSHFIELD CLINIC HEALTH SYSTEM, INC. (MCHS) AND ITS TAX-EXEMPT AFFILIATES. MCHSF RECEIVED AN IRS DETERMINATION LETTER GRANTING IT TAX-EXEMPT STATUS ON AUGUST 12, 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Wernberg MD Board Chair | OfficerTrustee | 1 | $0 |
Michael Smith Board Vice Chair | OfficerTrustee | 1 | $0 |
Sid Samuels Board Member | Trustee | 1 | $0 |
Denny Peterson Board Member - Part Year | Trustee | 1 | $0 |
Al Nystrom Board Member - Part Year | Trustee | 1 | $0 |
Dave Krause Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,196 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,485,016 |
| Noncash contributions included in lines 1a–1f | $173,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,671,212 |
| Total Program Service Revenue | $0 |
| Investment income | $1,346,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,661,984 |
| Net Income from Fundraising Events | $249,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,929,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,655,275 |
| 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 | $252,667 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,909 |
| 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 | $58,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,006,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $730,432 |
| Pledges and grants receivable | $3,593,643 |
| Accounts receivable, net | $1,919,475 |
| 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 | $20,536,881 |
| Investments—other securities | $103,066,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,671 |
| Total assets | $129,935,000 |
| Accounts payable and accrued expenses | $134,130 |
| 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 | $548,122 |
| Total liabilities | $682,252 |
| Net assets without donor restrictions | $88,295,988 |
| Net assets with donor restrictions | $40,956,760 |
| 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 | $129,935,000 |
Grants Awarded
Over the last fiscal year, Marshfield Clinic Health System Foundation Inc has awarded $5,649,332 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHFIELD CLINIC INC PURPOSE: GENERAL SUPPORT | $3,843,667 |
MARSHFIELD CLINIC HEALTH SYSTEM INC PURPOSE: GENERAL SUPPORT | $290,442 |
UNIVERSITY OF WISCONSIN-STEVENS POINT FOUNDATION PURPOSE: HEALTHCARE WORKFORCE DEVELOPMENT FUND | $242,133 |
LAKEVIEW MEDICAL CENTER INC OF RICE LAKE PURPOSE: GENERAL SUPPORT | $12,490 |
MCHS HOSPITALS INC PURPOSE: GENERAL SUPPORT | $1,260,600 |