Superior Health Foundation
- Assets
- $39.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Marquette, MI
- Founding
- 06/2018
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Superior Health Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Superior Health Foundation has awarded 168 individual grants totaling $5,021,155. 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 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 | $123,399 |
Daniel Arnold President | OfficerTrustee | 2 | $0 |
Sara Giles Vice President | OfficerTrustee | 2 | $0 |
Kara Katona Secretary / Treasurer | OfficerTrustee | 2 | $0 |
John Marshall Director | Trustee | 2 | $0 |
Bryan Dixon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,167 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,547 |
| Total Program Service Revenue | $0 |
| Investment income | $879,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $97,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,088,250 |
| 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. | $123,399 |
| Compensation of current officers, directors, key employees. | $123,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,597 |
| Pension plan accruals and contributions | $9,952 |
| Other employee benefits | $57,930 |
| Payroll taxes | $23,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,000 |
| Fees for services: Accounting | $5,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,872 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,877 |
| Office expenses | $14,263 |
| Information technology | $12,631 |
| Royalties | $0 |
| Occupancy | $19,979 |
| Travel | $4,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,922 |
| Insurance | $14,500 |
| All other expenses | $0 |
| Total functional expenses | $1,789,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,769 |
| Savings and temporary cash investments | $1,788,250 |
| Pledges and grants receivable | $78,865 |
| Accounts receivable, net | $4,167 |
| 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 | $15,898 |
| Net Land, buildings, and equipment | $32,243 |
| Investments—publicly traded securities | $37,254,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,588,661 |
| 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 | $98,640 |
| Total liabilities | $98,640 |
| Net assets without donor restrictions | $169,898 |
| Net assets with donor restrictions | $39,320,123 |
| 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 | $39,588,661 |
Grants Awarded
Over the last fiscal year, Superior Health Foundation has awarded $856,995 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHY YOUTH COALITION OF MARINETTE & MENOMINEE COUNTIES PURPOSE: Vape detectors at Stephenson, North Central, and Menominee schools | $15,600 |
HOPE ANIMAL ASSISTED CRISIS RESPONSE PURPOSE: Grow membership of canine teams and expand outreach visits | $10,000 |
HOSPICE OF THE EASTERN UP PURPOSE: Costs to cover supplies, upgrades, groceries, etc. | $10,000 |
MARQUETTE ALGER RESA PURPOSE: Teen Mental Health First Aid U.P. Expansion project | $22,678 |
MARQUETTE COUNTY HABITAT FOR HUMANITY PURPOSE: Two portable ramps for their clients | $17,000 |
LAKE SUPERIOR STATE UNIVERSITY PURPOSE: Funding for Electronic Medical Record implementation hardware | $7,500 |