Superior Health Foundation
- Assets
- $48.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Marquette, MI
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 20-3615349
Organization Overview
Superior Health Foundation is located in Marquette, MI. The organization was established in 2018. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Superior Health Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Superior 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 12/2021, Superior Health Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Superior Health Foundation has awarded 142 individual grants totaling $4,164,160. 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 ASSIST WITH UNMET HEALTHCARE NEEDS, WITH HEALTH EDUCATION, AND WITH PROGRAMS AND RESEARCH ON PREVENTING ILLNESS AND PROMOTING HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPERIOR HEALTH FOUNDATION ADMINISTERS FUNDS FOR CHARITABLE PURPOSES TO PROMOTE AND SUPPORT THE HEALTHCARE NEEDS THROUGHOUT MICHIGANS UPPER PENINSULA. THE FOUNDATION ACCOMPLISHES THIS VIA A GRANT APPLICATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lajoie Executive Director | Officer | 40 | $118,666 |
Kara Katona Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Sheri Davie President | OfficerTrustee | 2 | $0 |
John Marshall Vice President | OfficerTrustee | 2 | $0 |
Daniel Arnold Director | Trustee | 2 | $0 |
Bryan Dixon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,582 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,932,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,965,548 |
| Total Program Service Revenue | $0 |
| Investment income | $2,169,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,207,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,003,497 |
| 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. | $118,666 |
| Compensation of current officers, directors, key employees. | $118,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,624 |
| Pension plan accruals and contributions | $8,519 |
| Other employee benefits | $57,037 |
| Payroll taxes | $22,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,350 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $154,476 |
| Fees for services: Other | $5,727 |
| Advertising and promotion | $13,439 |
| Office expenses | $13,875 |
| Information technology | $12,109 |
| Royalties | $0 |
| Occupancy | $19,777 |
| Travel | $2,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,868 |
| Insurance | $12,470 |
| All other expenses | $0 |
| Total functional expenses | $1,679,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,199 |
| Savings and temporary cash investments | $1,015,203 |
| Pledges and grants receivable | $78,821 |
| 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 | $15,876 |
| Net Land, buildings, and equipment | $61,564 |
| Investments—publicly traded securities | $47,182,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,470,173 |
| 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 | $100,472 |
| Total liabilities | $100,472 |
| Net assets without donor restrictions | $527,072 |
| Net assets with donor restrictions | $47,842,629 |
| 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 | $48,470,173 |
Grants Awarded
Over the last fiscal year, Superior Health Foundation has awarded $1,347,083 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Escanaba, MI PURPOSE: Food As Medicine Pilot Program for low-income residents | $322,388 |
Ishpeming, MI PURPOSE: Rebuilding LIVES After Addiction | $210,181 |
Newberry, MI PURPOSE: Alger-Luce Road to Recovery Program | $150,000 |
WESTERN UPPER PENINSULA HEALTH DEPARTMENT PURPOSE: Facing Addiction through Community Engagement - The FACE Project | $150,000 |
Ishpeming, MI PURPOSE: Video, community champions, needs assessments, farm-to-school, training, community space | $106,428 |
Comstock Park, MI PURPOSE: Mobile food pantries for seven distributions in the UP | $53,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Superior Health Foundation has recieved totaling $63,500.
| Awarding Organization | Amount |
|---|---|
Roundtable Strategies Mt Clemens, MI PURPOSE: GENERAL FUND ASSISTANCE | $63,500 |
Endowment Analysis
| Beg. Balance | $41,767,369 |
| Earnings | $5,363,273 |
| Admin Expense | $154,475 |
| Net Contributions | $1,360,622 |
| Grants | $858,108 |
| Ending Balance | $47,478,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |
Reformed Benefits Association Grand Rapids, MI | $9,561,157 | $15,087,077 |
Bronson Properties Corporation Kalamazoo, MI | $80,947,112 | $15,014,502 |