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Nonprofiteer
← MYMICHIGAN HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by MYMICHIGAN HEALTH FOUNDATION.

Totals

Total revenue
$13,614,842
Total expenses
$23,797,004
Contributions and grants received
$12,316,947
Grants paid
$23,797,004
Program service revenue
$0
Investment income
$1,297,895
Other revenue
$0
Total assets, end of year
$43,076,274
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$43,076,274
Program services expenses (Part IX)
$23,797,004
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$23,797,004

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,500,000

  • 1f · All other contributions, gifts and grants

    $9,816,947

  • 1g · Noncash contributions included above

    $573,208

  • 3 · Investment income

    total $1,297,895 · excluded $1,297,895

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,797,004 · program services $23,797,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $591,550 · end of year $691,396

  • 3 · Pledges and grants receivable

    beginning of year $12,332,841 · end of year $13,050,833

  • 10a · Land, buildings and equipment: cost or other basis

    $2,550,000

  • 10c · Land, buildings and equipment, net

    beginning of year $2,550,000 · end of year $2,550,000

  • 11 · Investments: publicly traded securities

    beginning of year $37,722,035 · end of year $26,784,045

  • 28 · Net assets with donor restrictions

    beginning of year $53,196,426 · end of year $43,076,274

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF ANY ORGANIZATION THAT IS DIRECTLY OR INDIRECTLY CONTROLLED BY MYMICHIGAN HEALTH.

Activities or mission (Part I)

TO ENHANCE THE BROAD HEALTHCARE PURPOSE OF MYMICHIGAN HEALTH BY RAISING FUNDS AND PUBLIC SUPPORT, AND BY FUNDING MYMICHIGAN HEALTH SERVICES, PROGRAMS, PROJECTS AND INITIATIVES THAT FURTHER THE EXEMPT PURPOSES OF MYMICHIGAN HEALTH AND ITS SUBSIDIARIES.

  • PROVIDED SUPPORT FOR MEDICAL EQUIPMENT, PROGRAM SUPPORT AND THE COMPASSIONATE NEEDS OF PATIENTS SERVED BY MYMICHIGAN HEALTH.

    Expenses $23,797,004 · Grants $23,797,004

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rogers Gregory

    FORMER OFFICER

    Total calculated
    $1,821,935
    From this org
    $0
    From related orgs
    $1,558,128
    Other
    $263,807
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $915,684 related
    Bonus
    $0 + $315,256 related
    Other
    $0 + $327,188 related
    Deferred
    $0 + $245,132 related
    Nontaxable benefits
    $0 + $18,675 related
    Filer's total
    $0 + $1,821,935 related

  • Postler-Slattery Diane

    FORMER OFFICER

    Total calculated
    $910,809
    From this org
    $0
    From related orgs
    $892,422
    Other
    $18,387
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,718 related
    Bonus
    $0
    Other
    $0 + $651,704 related
    Deferred
    $0 + $12,325 related
    Nontaxable benefits
    $0 + $6,062 related
    Filer's total
    $0 + $910,809 related

  • Watson Pinney MD Lydia

    DIRECTOR (PART YEAR)

    Total calculated
    $807,774
    From this org
    $0
    From related orgs
    $738,855
    Other
    $68,919
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,137 related
    Bonus
    $0 + $105,998 related
    Other
    $0 + $9,720 related
    Deferred
    $0 + $39,569 related
    Nontaxable benefits
    $0 + $29,350 related
    Filer's total
    $0 + $807,774 related

  • Rose Michael

    SECRETARY/TREASURER

    Total calculated
    $713,658
    From this org
    $0
    From related orgs
    $668,449
    Other
    $45,209
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $562,951 related
    Bonus
    $0 + $99,132 related
    Other
    $0 + $6,366 related
    Deferred
    $0 + $13,943 related
    Nontaxable benefits
    $0 + $31,266 related
    Filer's total
    $0 + $713,658 related

  • Padgett Francine

    FORMER TREASURER & SECRETARY

    Total calculated
    $481,585
    From this org
    $0
    From related orgs
    $481,585
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $481,585 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $481,585 related

  • O'Keefe Denise

    EXECUTIVE DIRECTOR

    Total calculated
    $170,786
    From this org
    $0
    From related orgs
    $139,183
    Other
    $31,603
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,422 related
    Bonus
    $0 + $17,196 related
    Other
    $0 + $565 related
    Deferred
    $0 + $11,232 related
    Nontaxable benefits
    $0 + $20,371 related
    Filer's total
    $0 + $170,786 related

  • Henderson William

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Burton Ann

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Boundy Pam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Denooyer Bob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gregorio Mauro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Opperman Sarah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rubinstein Andrew

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    2

  • Schuette Cynthia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
ROGERS, WATSON PINNEY, AND ROSE ARE PARTICIPANTS IN A 457(F) PLAN. ROGERS RECEIVED A PAYMENT IN 2022 WHICH IS REFLECTED ON SCHEDULE J, PART II, COLUMN F. THE SERP IS UNFUNDED AND BEGAN ON JANUARY 1, 2009. THE CURRENT PARTICIPANTS OF THE PLAN ARE THE MEMBERS OF THE SENIOR LEADERSHIP OR EXECUTIVE TEAM. EACH PARTICIPANT'S ANNUAL AWARD IS BASED ON THEIR POSITION LEVEL AND IS A PERCENTAGE OF BASE SALARY ON DECEMBER 31 OF THE PLAN YEAR. THE PLAN PROVIDES ADDITIONAL RETIREMENT INCOME WHICH OTHERWISE WOULD BE PROVIDED UNDER THE PENSION PLAN AND 403(B) PLAN, BUT FOR LIMITATIONS ON SUCH BENEFITS REQUIRED BY FEDERAL LAW. A PARTICIPANT'S ACCOUNT SHALL BE 100% VESTED IF THE PARTICIPANT IS EMPLOYED BY MYMICHIGAN HEALTH ON THE DATE THE FIRST OF THE FOLLOWING VESTING EVENTS OCCUR: ATTAINMENT OF NORMAL RETIREMENT AGE; DEATH; TERMINATION OF EMPLOYMENT BECAUSE OF TOTAL DISABILITY; OR, ON THE THREE-YEAR ANNIVERSARY OF THEIR PARTICIPATION DATE.
PART I, LINE 7
MYMICHIGAN HEALTH'S COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NONFIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE, VARIABLE, BENEFITS, AND PERQUISITES) ARE COMPARED TO MARKET AND ARE DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW BY AN INDEPENDENT CONSULTANT, SULLIVAN COTTER, TO ENSURE THAT TOTAL COMPENSATION REMAINS WITHIN ACCEPTABLE GUIDELINES. THE COMPENSATION COMMITTEE, WHO IS AUTHORIZED TO ACT ON BEHALF OF THE MYMICHIGAN HEALTH BOARD OF DIRECTORS, APPROVED COMPENSATION FOR THE MYMICHIGAN HEALTH CEO, SENIOR EXECUTIVES AND PHYSICIANS. SULLIVAN COTTER ANNUALLY CONDUCTS A COMPREHENSIVE ASSESSMENT OF EXECUTIVE COMPENSATION. PHYSICIAN COMPENSATION OFFERS EXCEEDING THE 90TH PERCENTILE MUST BE APPROVED BY THE COMPENSATION COMMITTEE.
PART III:
MYMICHIGAN HEALTH'S COMPENSATION COMMITTEE CHARTER IS APPROVED ANNUALLY BY THE COMMITTEE AND BOARD AS WERE THE EXECUTIVE COMPENSATION PHILOSOPHY AND STRATEGY. MYMICHIGAN HEALTH ALSO CONTINUES TO UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST WITH THE GOVERNANCE PROCESS AND TO REVIEW AND REPORT ON ALL SYSTEM LEVEL EXECUTIVES, HOSPITAL LEVEL EXECUTIVES, AND SELECTED OTHER EXECUTIVES. MYMICHIGAN HEALTH HAS TAKEN A CONSERVATIVE POSTURE WITH RESPECT TO ALL PERQUISITES AND ALL PERQUISITES MUST BE JUSTIFIED BY BUSINESS NEED. MYMICHIGAN HEALTH TARGETS THE BASE SALARY OF ITS EXECUTIVES WITHIN A MARKET COMPETITIVE SALARY RANGE WITH A MIDPOINT APPROXIMATELY EQUAL TO THE 50TH PERCENTILE OF THE BASE SALARY MARKET DATA. MARKET DATA IS OBTAINED NATIONALLY FROM HEALTH SYSTEMS, HOSPITALS AND ORGANIZATIONS OF COMPARABLE SIZE BY SULLIVAN COTTER, AN INDEPENDENT CONSULTANT. NET OPERATING REVENUE IS THE CRITICAL FACTOR UTILIZED TO DETERMINE COMPARABILITY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MYMICHIGAN HEALTH PAIN MANAGEMENT

    HEALTHCARE PAIN MANAGEMENT · MI

  • ISOMM

    MRI SERVICES · MI

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349302219

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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