Mclaren Lapeer Region Foundation
- Assets
- $5.0m
- Revenue
- $379.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- 12/1986
- Data as of
- 09/2021
- EIN
- 38-2689603
Organization Overview
Mclaren Lapeer Region Foundation is located in Lapeer, MI. The organization was established in 1986. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Mclaren Lapeer Region 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, Mclaren Lapeer Region Foundation generated $379.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $27.6k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR THE PURCHASE OF EQUIPMENT, THE DEVELOPMENT OF A CANCER CENTER IN THE COMMUNITY, AND TO PROVIDE SUPPORT FOR THE PROGRAMS OF MCLAREN LAPEER REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SCHOLARSHIP PROGRAM - GRANT AWARD FOR A COLLEGE STUDENT PURSUING A DEGREE IN A MEDICAL RELATED FIELD OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Riehl Chairman | OfficerTrustee | 0.3 | $0 |
Fred Korte Treasurer | OfficerTrustee | 0.3 | $0 |
Chris Candela Director | Trustee | 0.3 | $0 |
Dr Kenneth Tarr Director | Trustee | 0.3 | $0 |
Steve Starking Director-Part Year | Trustee | 0.3 | $0 |
Diane Scott Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,534 |
| Related organizations | $18,582 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,912 |
| Total Program Service Revenue | $0 |
| Investment income | $136,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,054 |
| Net Income from Fundraising Events | -$5,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $19,425 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,513 |
| Office expenses | $698 |
| Information technology | $1,560 |
| 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 | $436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,444 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,687,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,040,631 |
| Accounts payable and accrued expenses | $137,208 |
| 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 | $0 |
| Total liabilities | $137,208 |
| Net assets without donor restrictions | $1,914,745 |
| Net assets with donor restrictions | $2,988,678 |
| 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 | $5,040,631 |
Grants Awarded
Over the last fiscal year, Mclaren Lapeer Region Foundation has awarded $580,316 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lapeer, MI PURPOSE: MCLAREN LAPEER HOSPITAL - TO PURCHASE MEDICAL EQUIPMENT | $562,106 |
LAPEER COMMUNITY SCHOOLS PURPOSE: TELE-HEALTH | $18,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mclaren Lapeer Region Foundation has recieved totaling $175.
| Awarding Organization | Amount |
|---|---|
The Go Foundation Troy, MI PURPOSE: CHARITY | $175 |
Endowment Analysis
| Beg. Balance | $2,754,567 |
| Earnings | $80,253 |
| Net Contributions | $240,529 |
| Other Expense | $85,672 |
| Grants | $1,000 |
| Ending Balance | $2,988,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Hospital Cleveland, OH | $20,904,210 | $11,352,470 |
Methodist Health Group Inc Indianapolis, IN | $6,943,695 | $87,505 |
Mount Carmel Health System Foundation Columbus, OH | $179,224,370 | $14,161,833 |
Deckerville Community Hospital Inc Deckerville, MI | $5,907,147 | $9,135,528 |
Oakwood United Hospitals Inc Southfield, MI | $94,030,590 | $0 |
Winton Hills Medical & Health Center Cincinnati, OH | $6,360,553 | $8,445,902 |
219 Health Network Inc East Chicago, IN | $2,298,035 | $8,594,314 |
Springvale Health Centers Inc Dover, OH | $4,988,165 | $9,133,270 |
Northern Lights Services Inc Washburn, WI | $7,344,645 | $7,186,727 |
Southwestern Healthcare Inc Evansville, IN | $14,194,545 | $5,739,388 |
Harrison Community Hospital Inc Cadiz, OH | $10,207,215 | $3,844,934 |
Well Care Community Health Inc Richmond, IN | $3,385,577 | $5,515,559 |