Mary Free Bed Rehabilitation Hospital Foundation

Organization Overview

Mary Free Bed Rehabilitation Hospital Foundation is located in Grand Rapids, MI. The organization was established in 2013. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Free Bed Rehabilitation Hospital 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 03/2022, Mary Free Bed Rehabilitation Hospital Foundation generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $3.3m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RECEIVE AND ADMINISTER FUNDS FOR MARY FREE BED REHABILITATION HOSPITAL, A CHARITABLE ORGANIZATION, IN ORDER TO RAISE FUNDS FOR CAPITAL, EXPANSION, AND PROGRAM IMPROVEMENTS OF THE HOSPITAL AND RELATED TAX EXEMPT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RECEIVE AND ADMINISTER FUNDS FOR MARY FREE BED REHABILITATION HOSPITAL, A CHARITABLE ORGANIZATION, IN ORDER TO RAISE FUNDS FOR CAPITAL, EXPANSION, AND PROGRAM IMPROVEMENTS OF THE HOSPITAL AND RELATED TAX EXEMPT ORGANIZATIONS.


TO RECEIVE AND ADMINISTER FUNDS FOR MARY FREE BED REHABILITATION HOSPITAL, A CHARITABLE ORGANIZATION, IN ORDER TO RAISE FUNDS AND SUPPORT EMPLOYEES OF MARY FREE BED REHABILITATION HOSPITAL WHO ENCOUNTER FINANCIAL HARDSHIP.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$182,330
Related organizations$26,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,460,374
Noncash contributions included in lines 1a–1f $346,137
Total Revenue from Contributions, Gifts, Grants & Similar$3,668,704
Total Program Service Revenue$0
Investment income $184,346
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,189
Net Income from Fundraising Events $290,301
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,137,162

Grants Awarded

Over the last fiscal year, Mary Free Bed Rehabilitation Hospital Foundation has awarded $1,772,205 in support to 4 organizations.

Grant RecipientAmount

MARY FREE BED REHABILITATION HOSPITAL

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: SUBSIDY FOR PEDIATRIC CARE AND OTHER HOSPITAL PROGRAMS

$1,688,172

COVENANT HEALTHCARE FOUNDATION

Org PageRecipient Profile

Saginaw, MI

PURPOSE: MARY FREE BED AT COVENANT CAPITAL CAMPAIGN

$39,033

MARY FREE BED ORTHOTICS AND PROSTHETICS

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: SUBSIDY FOR PEDIATRIC CARE

$30,000

CAPITAL REGION COMMUNITY FOUNDATION

Org PageRecipient Profile

Lansing, MI

PURPOSE: PEDIATRIC PLAYGROUND

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Mary Free Bed Rehabilitation Hospital Foundation has recieved totaling $1,124,583.

Awarding OrganizationAmount
The Meijer Foundation

Grand Rapids, MI

PURPOSE: PROGRAM SUPPORT

$500,000
The Meijer Foundation

Grand Rapids, MI

PURPOSE: PROGRAM SUPPORT

$333,333
River City Foundation

Grand Rapids, MI

PURPOSE: PEDIATRIC INITIATIVE PROGRAM

$139,913
Grand Rapids Community Foundation

Grand Rapids, MI

PURPOSE: GENERAL OPERATING SUPPORT

$75,900
Mary Free Bed Guild Fund

Grand Rapids, MI

PURPOSE: ANNUAL GALA SUPPORT AND CONTRIBUTION FOR HOSPITAL EQUIPMENT

$26,000
Old Trail Foundation

Grand Rapids, MI

PURPOSE: GENERAL PROGRAM

$25,000
View Grant Recipient Profile

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