Decatur Memorial Health Foundation
- Assets
- $72.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, IL
- Founding
- 02/1988
- Data as of
- 09/2019
- EIN
- 37-1169605
Organization Overview
Decatur Memorial Health Foundation is located in Decatur, IL. The organization was established in 1988. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Decatur Memorial 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 09/2019, Decatur Memorial Health Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.5m during the year ending 09/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SUPPORT AND BENEFIT DECATUR MEMORIAL HOSPITAL (A 280-BED ACUTE CARE HOSPITAL AND RELATED FACILITIES PROVIDING COMPREHENSIVE INPATIENT, OUTPATIENT AND PHYSICIAN SERVICE). IT DOES THIS BY CONDUCTING FUND DEVELOPMENT ACTIVITIES, HOLDING TITLE TO ASSETS, AND OVERSEEING THEIR PRUDENT AND EFFECTIVE INVESTMENT AND MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS DECATUR MEMORIAL HOSPITAL CONTINUOUSLY THROUGH ITS DAY-TO-DAY OPERATIONS, WHICH INCLUDE CULTIVATING DONORS AND MAINTAINING DONOR RELATIONSHIPS, MANAGING AND OVERSEEING INCOME-PRODUCING ASSETS SUCH AS REAL ESTATE AND INVESTMENTS, AND PLANNING AND COORDINATING VARIOUS FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy D Stone Jr President An | OfficerTrustee | 2 | $0 |
Brent Mchugh Chair | OfficerTrustee | 2 | $0 |
Ryan Aupperle Vice Chair | OfficerTrustee | 2 | $0 |
Dianne Devore Asst. Secret | Officer | 40 | $0 |
Karen Schneller Executive Di | Officer | 40 | $0 |
Name Not Listed Senior Vice | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,467,103 |
| Investment income | $904,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $537,263 |
| Net Gain/Loss on Asset Sales | $210,055 |
| Net Income from Fundraising Events | -$23,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,096,109 |
| Statement of Expenses | |
|---|---|
| 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. | $153,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,040 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,390 |
| 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 | $12,794 |
| Information technology | $9,963 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $573 |
| 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 | $14,847 |
| Insurance | $458 |
| All other expenses | $3,199 |
| Total functional expenses | $1,517,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,460 |
| Savings and temporary cash investments | $7,487,017 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $9,881 |
| 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 | $71,097 |
| Investments—publicly traded securities | $27,137,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,629,511 |
| Accounts payable and accrued expenses | $143,855 |
| Grants payable | $0 |
| Deferred revenue | $1,017,647 |
| 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 | $46,464 |
| Total liabilities | $1,207,966 |
| Net assets without donor restrictions | $63,904,528 |
| Net assets with donor restrictions | $6,164,917 |
| Capital stock or trust principal, or current funds | $1,352,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $71,421,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Decatur Memorial Health Foundation has recieved totaling $10,750.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Macon County Decatur, IL PURPOSE: OPERATIONS | $10,750 |
Endowment Analysis
| Beg. Balance | $1,352,100 |
| Ending Balance | $1,352,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Ras Inc St Louis, MO | $32,804,028 | $6,446,030 |
St Vincent Jennings Hospital Inc St Louis, MO | $11,643,648 | $21,973,222 |
Mercy Hospital Cassville Cassville, MO | $6,399,799 | $16,353,383 |
Providence Hospital St Louis, MO | $40,301,832 | $6,465,043 |
Henderson County Health Care Corporation Henderson, KY | $21,606,323 | $14,826,230 |
Juniper Health Inc Beattyville, KY | $22,989,895 | $17,799,078 |
St Camillus Health System Inc Wauwatosa, WI | $278,277,925 | $13,870,533 |
Ucm Community Health & Hospital Division Inc Harvey, IL | $52,420,395 | $14,065,733 |
Memorial Health System Springfield, IL | $23,178,318 | $13,590,032 |
North Central Health Services Inc West Lafayette, IN | $481,490,270 | $22,726,342 |
Alexian Brothers Hospital Network St Louis, MO | $134,162,736 | $15,418,053 |
Ascension Southeast Michigan Community Health St Louis, MO | $1,838,636 | $12,161,553 |