Miriam Hospital Foundation
- Assets
- $73.2m
- Revenue
- $8.9m
- Investments
- $23.0m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 04/1995
- Data as of
- 09/2021
- EIN
- 05-0377502
Organization Overview
Miriam Hospital Foundation is located in Providence, RI. The organization was established in 1995. 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. Miriam Hospital 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 09/2021, Miriam Hospital Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $4.3m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Miriam Hospital Foundation has awarded 18 individual grants totaling $30,821,333. 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 ENGAGE IN PHILANTHROPIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSES OF THE MIRIAM HOSPITAL (TMH), WHICH ARE DELIVERING HEALTH WITH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ITS PHILANTHROPIC ACTIVITIES, IN FISCAL YEAR 2021 THE MIRIAM HOSPITAL FOUNDATION (THE FOUNDATION) TRANSFERRED FUNDS RAISED IN THE AGGREGATE AMOUNT OF $1,877,916 TO TMH TO SUPPORT ITS OPERATIONS AND CAPITAL EXPENDITURES, WHICH IN TURN BENEFITS THE RHODE ISLAND COMMUNITY. MOST NOTABLY, THE FOUNDATION TRANSFERRED $430,885 TO TMH'S CENTER FOR INNOVATIVE CANCER TREATMENT; $209,104 TO TMH'S EMERGENCY DEPARTMENT TO BE USED FOR ITS OPERATIONAL NEEDS, AND $161,356 TO TMH'S DEPARTMENT OF CARDIOLOGY. PLEASE SEE SCHEDULE O OF FORM 990 FOR FURTHER DETAIL RELATED TO OTHER SIGNIFICANT TMH PROGRAMS WHICH THE FOUNDATION SUPPORTED VIA PHILANTHROPY RECEIVED DURING THE FISCAL YEAR.
DURING FISCAL YEAR 2021, THE FOUNDATION GRANTED $662,824 FROM ITS UNRESTRICTED NET ASSETS TO TMH TO BE USED IN SUPPORT OF THE FOLLOWING AREAS: (1) TMH'S GREATEST NEEDS IN DEALING WITH THE COVID-19 PANDEMIC ($239,824); (2) TMH'S EMERGENCY DEPARTMENT BEHAVIORAL HEALTH NURSE NAVIGATOR POSITION TO RELIEVE OVERCROWDING AND FACILITATE OPTIMUM CARE FOR PATIENTS IN BEHAVIORAL HEALTH CRISIS ($225,000); (3)TMH'S COMMUNITY RELATIONS PROGRAM--COMMUNITY ACTION GRANTS ($100,000); (4) NURSING EDUCATION AND RESEARCH AT TMH ($80,000); (5) TMH'S COVID-19 TREATMENT SUPPLIES($15,000);AND (6) THE EMEK MEDICAL CENTER (AFULA, ISRAEL) EXCHANGE PROGRAM ($3,000).
THE FOUNDATION ALSO GRANTED $560,000 TO TMH FROM ITS UNRESTRICTED NET ASSETS TO HELP FUND RESEARCH PROGRAMS AND RECRUITMENT IN TMH'S CENTERS FOR BEHAVIORAL AND PREVENTIVE MEDICINE (THE CENTER), INCLUDING: (1) GENERAL SUPPORT; (2) THE DEVELOPMENT OF TMH CENTER OF EXCELLENCE IN MYCOBACTERIAL DISEASES ; AND (3) HIV AND STD PREVENTION. THE CENTER'S MISSION IS TO: CONDUCT INNOVATIVE RESEARCH INVOLVING INTERDISCIPLINARY BEHAVIORAL APPROACHES TO THE PREVENTION AND TREATMENT OF DISEASE; TRAIN THE NEXT GENERATION OF LEADING SCIENTISTS IN BEHAVIORAL AND PREVENTIVE MEDICINE RESEARCH; AND SERVE AS A FOCAL POINT FOR RESEARCH, TRAINING, AND EDUCATION AT THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah G Jaffe Secretary | OfficerTrustee | 0 | $0 |
Susan H Kaplan Chair | OfficerTrustee | 4 | $0 |
Almon Hall Treasurer | OfficerTrustee | 2 | $0 |
Mary A Wakefield Evp/cfo- 6/21 | Officer | 0.5 | $0 |
Maria P Ducharme President | Officer | 2 | $0 |
Arthur J Sampson Pres.- 12/20 | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $540,994 |
| Related organizations | $58,163 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,367,795 |
| Noncash contributions included in lines 1a–1f | $68,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,966,952 |
| Total Program Service Revenue | $0 |
| Investment income | $1,024,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,035,639 |
| Net Income from Fundraising Events | -$97,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,929,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,392,149 |
| 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 | $12,393 |
| 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 | $4,287,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,387,518 |
| 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 | $2,248 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $48,347,358 |
| Investments—other securities | $22,988,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $444,880 |
| Total assets | $73,197,899 |
| Accounts payable and accrued expenses | $320,861 |
| Grants payable | $0 |
| Deferred revenue | $15,600 |
| 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 | $405,444 |
| Total liabilities | $741,905 |
| Net assets without donor restrictions | $36,955,818 |
| Net assets with donor restrictions | $35,500,176 |
| 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 | $73,197,899 |
Grants Awarded
Over the last fiscal year, Miriam Hospital Foundation has awarded $3,392,149 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: Philanthropy | $3,100,740 |
Providence, RI PURPOSE: Shared Chairs- See Schedule O | $291,409 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Miriam Hospital Foundation has recieved totaling $325,743.
| Awarding Organization | Amount |
|---|---|
Combined Townsend Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $322,243 |
Schein Family Foundation Palm Beach Gardens, FL PURPOSE: GENERAL USE | $3,500 |
Endowment Analysis
| Beg. Balance | $59,841,847 |
| Earnings | $12,753,286 |
| Admin Expense | $7,426 |
| Net Contributions | $2,273,298 |
| Other Expense | $133,407 |
| Grants | $3,392,149 |
| Ending Balance | $71,335,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Bridgeport Hospital Foundation Inc Bridgeport, CT | $101,482,043 | $9,027,392 |
Trust Agreement For The Post- Retirement Medical Plan For Non- Orange, CT | $164,430 | $1,403,057 |
Norwalk Hospital Foundation Inc Norwalk, CT | $172,605,274 | $29,289,948 |