Metrohealth Foundation Inc

Organization Overview

Metrohealth Foundation Inc is located in Cleveland, OH. The organization was established in 1956. 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. Metrohealth 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 12/2021, Metrohealth Foundation Inc generated $21.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 8.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE METROHEALTH FOUNDATION, INC. SEEKS TO SUPPORT THE METROHEALTH SYSTEM BY COORDINATING FUND RAISING AND IMPLEMENTING PHILANTHROPIC ACTIVITIES THAT HELP METROHEALTH LEAD THE WAY TO A HEALTHIER COMMUNITY THROUGH SERVICE, TEACHING, DISCOVERY AND TEAMWORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OTHE METROHEALTH FOUNDATION SUPPORTS PATIENT CARE, EDUCATION AND RESEARCH ACTIVITIES OF THE METROHEALTH SYSTEM (MHS). MHS, CUYAHOGA COUNTY'S PUBLIC HEALTH SYSTEM, IS HONORING ITS COMMITMENT TO CREATE A HEALTHIER COMMUNITY BY BUILDING A NEW HOSPITAL ON ITS MAIN CAMPUS IN CLEVELAND. THE BUILDING, AND THE 25 ACRES OF GREEN SPACE AROUND IT, ARE CATALYZING THE REVITALIZATION OF METROHEALTH'S WEST SIDE NEIGHBORHOOD. METROHEALTH BROKE GROUND ON THE NEW HOSPITAL IN 2019, USING NEARLY $1 BILLION IT BORROWED ON ITS OWN CREDIT AFTER DRAMATICALLY IMPROVING ITS FINANCES. TODAY, ITS STAFF OF 7,800 PROVIDES CARE AT METROHEALTH'S FOUR HOSPITALS, FOUR EMERGENCY DEPARTMENTS AND MORE THAN 20 HEALTH CENTERS AND 40 ADDITIONAL SITES THROUGHOUT CUYAHOGA COUNTY. IN THE PAST YEAR, METROHEALTH HAS SERVED 300,000 PATIENTS AT MORE THAN 1.4 MILLION VISITS IN ITS HOSPITALS AND HEALTH CENTERS, TWO-THIRDS OF WHOM ARE UNINSURED OR COVERED BY MEDICARE OR MEDICAID. THE HEALTH SYSTEM IS HOME TO CUYAHOGA COUNTY'S MOST EXPERIENCED LEVEL I ADULT TRAUMA CENTER, VERIFIED SINCE 1982, AND OHIO'S ONLY ADULT AND PEDIATRIC TRAUMA AND BURN CENTER. AS AN ACADEMIC MEDICAL CENTER, METROHEALTH IS COMMITTED TO TEACHING AND RESEARCH. EACH ACTIVE STAFF PHYSICIAN HOLDS A FACULTY APPOINTMENT AT CASE WESTERN RESERVE UNIVERSITY SCHOOL OF MEDICINE AND ITS MAIN CAMPUS HOSPITAL HOUSES A CLEVELAND METROPOLITAN SCHOOL DISTRICT HIGH SCHOOL OF SCIENCE AND HEALTH. FOR MORE INFORMATION, VISIT METROHEALTH.ORG.


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Board, Officers & Key Employees

Name (title)Compensation
Akram Boutros MD Fache
Director / Officer
$0
Joey Arnold
Director / Officer
$0
Lee Ann Howard
Director / Officer
$0
Jon Groza
Director / Officer
$0
Jennifer Hurd
Director / Officer
$0
Brian M Oneill
Director / Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$4,058
Membership dues$0
Fundraising events$59,650
Related organizations$0
Government grants $17,419
All other contributions, gifts, grants, and similar amounts not included above$10,298,383
Noncash contributions included in lines 1a–1f $22,294
Total Revenue from Contributions, Gifts, Grants & Similar$10,379,510
Total Program Service Revenue$91,811
Investment income $1,026,899
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,741,537
Net Income from Fundraising Events -$4,665
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,235,092

Grants Awarded

Over the last fiscal year, Metrohealth Foundation Inc has awarded $10,021,557 in support to 3 organizations.

Grant RecipientAmount

THE METROHEALTH SYSTEM

PURPOSE: MEDICAL

$9,785,789

CCH DEVELOPMENT

PURPOSE: HOSPITAL IN A PARK PLANNING

$209,500

Cleveland, OH

PURPOSE: DIGITAL CONNECTIVITY

$26,268
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Metrohealth Foundation Inc has recieved totaling $9,093.

Awarding OrganizationAmount
Edwin D Northrup Ii Fund Ins Trust

Pittsburgh, PA

PURPOSE: REC CENTER GAMES AND

$9,093
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$29,500,480
Earnings$2,911,703
Net Contributions$1,967,082
Other Expense$519,752
Ending Balance$33,859,513

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