Rice Memorial Clinic Foundation
- Assets
- $4.0m
- Revenue
- $214.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hancock, MI
- Founding
- 11/1967
- Data as of
- 12/2021
- EIN
- 38-6067017
Organization Overview
Rice Memorial Clinic Foundation is located in Hancock, MI. The organization was established in 1967. According to its NTEE Classification (F12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rice Memorial Clinic 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 12/2021, Rice Memorial Clinic Foundation generated $214.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $138.7k during the year ending 12/2021. While expenses have increased by 0.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MENTAL HEALTH SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COPPER COUNTRY MENTAL HEALTH SERVICES, HOUGHTON, MI GRANTS ARE GIVEN TO SUPPORT OPERATING EXPENSES
VARIOUS SCHOLARSHIPS FOR STUDENTS PURSUING A DEGREE IN THE FIELD OF MENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Raboin Secretary | OfficerTrustee | 0.06 | $0 |
Kristine Weidner Chairperson | OfficerTrustee | 0.06 | $0 |
Katrina Carlson Vice Chairpe | OfficerTrustee | 0.06 | $0 |
Michael Mikkola Treasurer | OfficerTrustee | 0.06 | $0 |
Paul Lahti Trustee | Trustee | 0.06 | $0 |
Debbie Bradford Trustee | Trustee | 0.06 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $110,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,228 |
| Grants and other assistance to domestic individuals. | $8,083 |
| 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 | $890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,192 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,750 |
| All other expenses | $0 |
| Total functional expenses | $138,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,270,997 |
| 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 | $2,772,724 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,043,721 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,043,721 |
| Total liabilities and net assets/fund balances | $4,043,721 |
Grants Awarded
Over the last fiscal year, Rice Memorial Clinic Foundation has awarded $43,875 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Houghton, MI PURPOSE: HOCO ARENA BLEACHER | $23,400 |
COPPER COUNTRY COMM MENTAL HEALTH PURPOSE: GENERAL SUPPORT | $20,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arc Fond Du Lac Inc Fond Du Lac, WI | $5,492,404 | $3,772,224 |
Living With Change Cincinnati, OH | $166,681 | $503,245 |
Jasper S Game Day Freeland, MI | $45,813 | $233,108 |
Southwestern Indiana Bldg Trades & Contrs Drug & Alchl Test Tr Fund Evansville, IN | $256,262 | $87,778 |
National Drug & Safety League Jackson, MI | $89,788 | $103,435 |
Rice Memorial Clinic Foundation Hancock, MI | $4,043,721 | $214,818 |
Dr Anny Katan Foundation Shaker Heights, OH | $4,330,886 | $570,287 |
A Doll Like Me Inc New Berlin, WI | $46,335 | $0 |
Mind Over Matter Royal Oak, MI | $9,317 | $0 |
Clubhouse Indiana Goshen, IN | $85,532 | $0 |
R Schindler Family Foundation Inc Green Bay, WI | $306,393 | $50 |
Boomfest Edgerton, WI | $41 | $0 |