Umrc Foundation Inc
- Assets
- $60.9m
- Revenue
- $7.1m
- Investments
- $38.7m
- Employees
- 10
- Location
- Chelsea, MI
- Founding
- 02/1999
- Data as of
- 06/2021
- EIN
- 38-3443089
Organization Overview
Umrc Foundation Inc is located in Chelsea, MI. The organization was established in 1999. 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. As of 06/2021, Umrc Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Umrc 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 06/2021, Umrc Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 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 2015, Umrc Foundation Inc has awarded 24 individual grants totaling $25,873,526. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT UMRC, THE UMRC FOUNDATION ALSO SUPPORTS THE FOLLOWING AREAS: TEAM MEMBER SUPPORT SERVICES; LIFE ENRICHMENT PROGRAMS WHICH IMPROVE THE LIVES OF THOSE WE SERVE; CAPITAL INITIATIVES; AND GRANTS THAT SUPPORT THE NEEDS OF OLDER ADULTS IN THE COMMUNITIES UMRC SERVES. TEAM MEMBER SUPPORT SERVICES INCLUDES STAFF SCHOLARSHIPS AND EMERGENCY AID TO SUPPORT OUR OUTSTANDING UMRC TEAM MEMBERS IN REACHING THEIR CAREER AND EDUCATIONAL GOALS, OR TO LEND A HELPING HAND TO THOSE WHO EXPERIENCE AN EMERGENCY CAUSING FINANCIAL HARDSHIP. PRIORITY FOR SCHOLARSHIPS IS GIVEN TO OUR DIRECT CARE TEAM MEMBERS AND THOSE WITH GREATEST FINANCIAL NEED. CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT UMRC FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST. WITH A FOCUS ON THE HEALTH, WELL-BEING, AND SECURITY OF OLDER ADULTS, AS WELL AS THE EDUCATION AND RETENTION OF OUR OUTSTANDING TEAM MEMBERS, THE UMRC FOUNDATION'S FOUR PRIORITY INITIATIVES INCLUDE: O BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT UMRC. O CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. O LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT UMRC FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST. O TEAM MEMBER SUPPORT SERVICES, INCLUDING COMPETITIVE STAFF SCHOLARSHIPS AND EMERGENCY AID FOR OUR DEDICATED TEAM MEMBERS.
IN ADDITION TO BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT UMRC, THE UMRC FOUNDATION ALSO SUPPORTS THE FOLLOWING AREAS: TEAM MEMBER SUPPORT SERVICES; LIFE ENRICHMENT PROGRAMS WHICH IMPROVE THE LIVES OF THOSE WE SERVE; CAPITAL INITIATIVES; AND GRANTS THAT SUPPORT THE NEEDS OF OLDER ADULTS IN THE COMMUNITIES UMRC SERVES. TEAM MEMBER SUPPORT SERVICES INCLUDES STAFF SCHOLARSHIPS AND EMERGENCY AID TO SUPPORT OUR OUTSTANDING UMRC TEAM MEMBERS IN REACHING THEIR CAREER AND EDUCATIONAL GOALS, OR TO LEND A HELPING HAND TO THOSE WHO EXPERIENCE AN EMERGENCY CAUSING FINANCIAL HARDSHIP. PRIORITY FOR SCHOLARSHIPS IS GIVEN TO OUR DIRECT CARE TEAM MEMBERS AND THOSE WITH GREATEST FINANCIAL NEED. CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT UMRC FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST. WITH A FOCUS ON THE HEALTH, WELL-BEING, AND SECURITY OF OLDER ADULTS, AS WELL AS THE EDUCATION AND RETENTION OF OUR OUTSTANDING TEAM MEMBERS, THE UMRC FOUNDATION'S FOUR PRIORITY INITIATIVES INCLUDE: O BENEVOLENT CARE, ENSURING THAT ELIGIBLE RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES ALWAYS HAVE A LOVING HOME AT UMRC. O CAPITAL IMPROVEMENTS, TRANSFORMING EXISTING BUILDINGS AND CONSTRUCTING NEW ONES THAT PROVIDE THE UTMOST IN PERSONAL COMFORT AND AMENITIES FOR MICHIGAN'S GROWING POPULATION OF OLDER ADULTS. O LIFE ENRICHMENT FOR OLDER ADULTS, HELPING THE OLDER ADULTS WE SERVE AT UMRC FIND THEIR PURPOSE, FOLLOW THEIR PASSIONS, AND LIVE LIFE TO THE FULLEST. O TEAM MEMBER SUPPORT SERVICES, INCLUDING COMPETITIVE STAFF SCHOLARSHIPS AND EMERGENCY AID FOR OUR DEDICATED TEAM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa French Senior Dir. Of Communications | 40 | $114,738 | |
Karen Owen Director Of Donor Relations | 40 | $106,506 | |
Melissa Goodson Major Gifts Officer | 40 | $100,866 | |
Wendy Brightman Foundation President | OfficerTrustee | 25 | $0 |
Marianne Conner Chair | OfficerTrustee | 1 | $0 |
Kim Hoppe Treasurer/ Umrc CFO | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,116,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,116,230 |
| Total Program Service Revenue | $0 |
| Investment income | $980,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,790,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,062,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,625,989 |
| Grants and other assistance to domestic individuals. | $31,082 |
| 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 | $1,099,451 |
| 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 | $62,968 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $86,029 |
| Information technology | $1,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,623 |
| 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 | $31,953 |
| Insurance | $0 |
| All other expenses | $11,045 |
| Total functional expenses | $4,238,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$16,294 |
| Savings and temporary cash investments | $1,096,348 |
| Pledges and grants receivable | $2,827,928 |
| 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 | $3,643 |
| Net Land, buildings, and equipment | $755,035 |
| Investments—publicly traded securities | $14,064,474 |
| Investments—other securities | $38,717,165 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,424,985 |
| Total assets | $60,873,284 |
| Accounts payable and accrued expenses | $3,076,535 |
| Grants payable | $0 |
| Deferred revenue | $49,866 |
| 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 | $91,310 |
| Total liabilities | $3,217,711 |
| Net assets without donor restrictions | $36,461,286 |
| Net assets with donor restrictions | $21,194,287 |
| 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 | $60,873,284 |
Grants Awarded
Over the last fiscal year, Umrc Foundation Inc has awarded $5,229,978 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Chelsea, MI PURPOSE: BENEVOLENT CARE & OTHER | $2,248,439 |
Chelsea, MI PURPOSE: BENEVOLENT CARE & OTHER | $2,248,439 |
Jackson, MI PURPOSE: BENEVOLENT CARE & OTHER | $251,550 |
Jackson, MI PURPOSE: BENEVOLENT CARE & OTHER | $251,550 |
Ypsilanti, MI PURPOSE: BENEVOLENT CARE & OTHER | $100,000 |
Ypsilanti, MI PURPOSE: BENEVOLENT CARE & OTHER | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Umrc Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Bob And Jan Lyons Foundation Dexter, MI PURPOSE: GARDEN PARTY | $5,000 |
Endowment Analysis
| Beg. Balance | $12,291,863 |
| Earnings | $1,728,885 |
| Net Contributions | $1,878,984 |
| Grants | $1,459,279 |
| Ending Balance | $14,440,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Fund For Medical Research And Education Detroit, MI | $30,425,506 | $9,049,534 |
Pulaski Health Foundation Inc Winamac, IN | $8,480,545 | $8,038,166 |
Healthcare Foundation Of La Porte Inc La Porte, IN | $192,768,600 | $27,903,057 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Metro Solutions Inc Southfield, MI | $8,153,189 | $9,205,268 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Legacy Dmc Detroit, MI | $0 | $132,374 |
Umrc Foundation Inc Chelsea, MI | $60,873,284 | $7,062,844 |
W O Walker Center Inc Cleveland, OH | $19,729,896 | $6,201,003 |