Memorial Health Care System Foundation Inc

Organization Overview

Memorial Health Care System Foundation Inc is located in Chattanooga, TN. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Health Care System 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, Memorial Health Care System Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $3.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MEMORIAL HEALTH CARE SYSTEM FOUNDATION INC'S SOLE PURPOSE IS TO RAISE FUNDS AND AWARENESS FOR MEMORIAL HEALTH CARE SYSTEM ("MHCS"). FUNDS RAISED ALLOW MHCS TO EXTEND ITS MISSION FURTHER INTO THE COMMUNITY.

Describe the Organization's Program Activity:

SEE SCHEDULE O


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Janelle Reilly
Ex-Officio/market CEO
$0
Julie Brandao
Vice Chair
$0
Rob Carden
Secretary
$0
Jeremy Jenkins
Treasurer
$0
Dan Norton
Chair
$0
Michael Sutton
Market CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$444,736
Related organizations$44,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,643,788
Noncash contributions included in lines 1a–1f $36,146
Total Revenue from Contributions, Gifts, Grants & Similar$3,132,524
Total Program Service Revenue$0
Investment income $39,946
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,195
Net Gain/Loss on Asset Sales $212,206
Net Income from Fundraising Events $171,946
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,611,781

Grants Awarded

Over the last fiscal year, Memorial Health Care System Foundation Inc has awarded $1,292,846 in support to 2 organizations.

Grant RecipientAmount

MEMORIAL HEALTH CARE SYSTEM

Org PageRecipient Profile

Chattanooga, TN

PURPOSE: Support MHCS

$1,192,846

MEMORIAL HEALTH PARTNERS FOUNDATION INC

Org PageRecipient Profile

Chattanooga, TN

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Memorial Health Care System Foundation Inc has recieved totaling $521,981.

Awarding OrganizationAmount
Hamico Inc

Chattanooga, TN

PURPOSE: DONATION

$250,000
Schillhahn-Huskey Foundation

Chattanooga, TN

PURPOSE: NAMING OPPORTUNITY

$100,000
Chattanooga Christian Community Foundation

Chattanooga, TN

PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES

$59,131
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: INDIGENT CANCER PATIENT SCREENINGS

$50,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$45,000
Southern Health Plan Inc

Chattanooga, TN

PURPOSE: GENERAL SUPPORT

$12,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,362,974
Earnings$219,079
Ending Balance$1,582,053

Create an account to unlock the data you need.

or