Memorial Healthcare Foundation Inc
- Assets
- $966.9k
- Revenue
- $70.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Friendship, WI
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 39-1775074
Organization Overview
Memorial Healthcare Foundation Inc, operating under the name Moundview Memorial Healthcare Foundation, is located in Friendship, WI. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Moundview Memorial Healthcare 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, Moundview Memorial Healthcare Foundation generated $70.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $16.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 7 years. 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
THE MEMORIAL HEALTHCARE FOUNDATION'S MISSION IS TO SUPPORT MOUNDVIEW MEMORIAL HOSPITAL & CLINICS THROUGH FUND RAISING AND PUBLIC AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS WHICH WILL BE USED TO SUPPORT MOUNDVIEW MEMORIAL HOSPITAL AND CLINICS THROUGH ACTIVITIES OF ANNUAL GIVING, CAPITAL CAMPAIGN AND SPECIAL EVENTS, WHICH WILL BE USED TO BENEFIT THE FRIENDSHIP AND ADAMS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Perez-Guerra Vice Chair & CEO Gmhc | OfficerTrustee | 1 | $0 |
Tadd Wormet Chair (thru Dec) | OfficerTrustee | 1 | $0 |
Kevin Moore Vice Chair | OfficerTrustee | 1 | $0 |
Jason Hohenstein Treasurer | OfficerTrustee | 1 | $0 |
Jesse Schable Secretary | OfficerTrustee | 1 | $0 |
Richard Sternhagen Ex-Officio | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,975 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,246 |
| Total Program Service Revenue | $0 |
| Investment income | $14,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,339 |
| Net Income from Fundraising Events | $371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,197 |
| 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. | $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 | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,336 |
| Savings and temporary cash investments | $0 |
| 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 | $387,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $966,913 |
| 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 | $966,913 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $966,913 |
Grants Awarded
Over the last fiscal year, Memorial Healthcare Foundation Inc has awarded $135,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Friendship, WI PURPOSE: HOSPITAL CAPITAL PROJECTS | $130,650 |
ADAMS-FRIENDSHIP AREA SCHOOL DISTRICT PURPOSE: SCHOLARSHIPS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Healthcare Foundation Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $250 |
Endowment Analysis
| Beg. Balance | $307,241 |
| Earnings | $80,336 |
| Ending Balance | $387,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Michigan Medicalmanagement Petoskey, MI | $2,238,273 | $1,767,851 |
Munson Healthcare Foundations Traverse City, MI | $80,220,847 | $14,056,196 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Catherine Mcauley Health Services Corp Ypsilanti, MI | $19,999,866 | $5,350,635 |
Fairview Foundation Minneapolis, MN | $21,453,874 | $804,082 |
Board Of Trustees Grand Charity Fund Grand Lodge Of Iowa A F & A M Bettendorf, IA | $8,195,762 | $6,393,688 |
Delta Dental Of Minnesota Trust Minneapolis, MN | $161,726,707 | $13,740,122 |
Northern Illinois & Iowa Laborers Health & Welfare Trust Rock Island, IL | $41,445,522 | $10,740,192 |
Wilson Trailer Company Employee Health Care Fund Sioux City, IA | $3,702,080 | $7,031,035 |
Hennepin Health Foundation Minneapolis, MN | $36,610,127 | $10,869,392 |
Mymichigan Health Development Associates Midland, MI | $0 | $6,910,472 |
Central Iowa Sheet Metal Health Fund Trust Des Moines, IA | $12,409,526 | $7,137,658 |