Form 990 for tax year 2023
Filed by OSTEOPATHIC FOUNDATION OF WEST MICHIGAN.
Totals
- Total revenue
- $643,592
- Total expenses
- $508,354
- Contributions and grants received
- $13,220
- Grants paid
- $77,786
- Program service revenue
- $12,916
- Investment income
- $617,456
- Other revenue
- $0
- Total assets, end of year
- $10,558,782
- Total liabilities, end of year
- $486,620
- Net assets or fund balances, end of year
- $10,072,162
- Program services expenses (Part IX)
- $194,202
- Management and general expenses
- $295,839
- Fundraising expenses
- $18,313
- Program service expenses (Part III)
- $194,202
Program services were 38.2% 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.
-
1f · All other contributions, gifts and grants
$13,220
-
2a · Program service revenue: WMOA DUES
total $5,271 · related or exempt $5,271
-
2b · Program service revenue: REGISTRATION FEES
total $5,245 · related or exempt $5,245
-
2c · Program service revenue: OTHER
total $1,800 · related or exempt $1,800
-
2d · Program service revenue: VENDOR SUPPORT
total $600 · related or exempt $600
-
3 · Investment income
total $183,848 · excluded $183,848
-
7a · Gross sales of assets other than inventory
securities $633,608
-
7b · Less cost or other basis and sales expenses
securities $200,000
-
7c · Gain or loss
securities $433,608
-
7d · Net gain or loss
total $433,608 · related or exempt $333,608 · unrelated business $100,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,036 · program services $55,036
-
2 · Grants to domestic individuals
total $22,750 · program services $22,750
-
5 · Compensation of officers, directors and key employees
total $113,426 · program services $38,229 · management and general $66,582 · fundraising $8,615
-
7 · Other salaries and wages
total $31,698 · program services $15,848 · management and general $11,887 · fundraising $3,963
-
9 · Other employee benefits
total $1,222 · program services $611 · management and general $458 · fundraising $153
-
10 · Payroll taxes
total $10,208 · program services $5,104 · management and general $3,828 · fundraising $1,276
-
11b · Fees: legal
total $100 · program services $10 · management and general $90
-
11c · Fees: accounting
total $23,712 · program services $2,371 · management and general $21,341
-
11f · Fees: investment management
total $6,419 · program services $6,419
-
11g · Fees: other
total $56,338 · program services $5,634 · management and general $50,704
-
12 · Advertising and promotion
total $7,340 · program services $1,441 · management and general $5,764 · fundraising $135
-
13 · Office expenses
total $22,242 · program services $5,560 · management and general $12,511 · fundraising $4,171
-
17 · Travel
total $1,280 · program services $127 · management and general $1,153
-
24a · Other expenses: BOARD EXPNESES
total $54,644 · management and general $54,644
-
24b · Other expenses: OTHER
total $40,081 · program services $8,017 · management and general $32,064
-
24c · Other expenses: PROVISION FOR INCOME TA
total $34,813 · management and general $34,813
-
24d · Other expenses: OTHER SPONSORSHIPS
total $27,045 · program services $27,045
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $414,075 · end of year $277,000
-
2 · Savings and temporary cash investments
beginning of year $4,479 · end of year $100,134
-
5 · Loans and receivables from officers and key people
end of year $459,000
-
10a · Land, buildings and equipment: cost or other basis
$4,627
-
10b · Land, buildings and equipment: accumulated depreciation
$4,627
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $5,205,143 · end of year $5,530,807
-
12 · Investments: other securities
beginning of year $4,391,841 · end of year $4,191,841
-
17 · Accounts payable and accrued expenses
beginning of year $1,555 · end of year $31,207
-
23 · Secured mortgages and notes payable
beginning of year $623,746 · end of year $455,413
-
25 · Other liabilities
beginning of year $1,014 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $9,193,228 · end of year $9,855,363
-
28 · Net assets with donor restrictions
beginning of year $195,995 · end of year $216,799
Mission and programs · 2023
Mission
SUPPORT PROGRAMS WHICH PRODUCE ADVANCES ON ISSUES OF IMPORTANCE TO OSTEOPATHIC MEDICINE AND THE COMMUNITY'S HEALTH AND WELFARE.
-
BETTER THE LIVES OF AREA RESIDENTS THROUGH INVESTING AND ADMINISTERING GIFTS AND ISSUING GRANTS FOR SPECIFIC CHARITABLE AND EDUCATIONAL PROGRAMS.
Expenses $194,202 · Grants $77,786 · Revenue $346,524
As filed on the 2023 return.
Listed in Part VII
-
Abbei MonroeABBEI MONROE
ASSOCIATE DIRECTOR
- Total calculated
- $68,926
- From this org
- $66,346
- From related orgs
- $0
- Other
- $2,580
- Hours/week
- 40
-
Jose InfanteJOSE INFANTE
PRESIDENT
- Total calculated
- $44,500
- From this org
- $44,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Patricia J Roy DoPATRICIA J ROY DO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Cherette CcimDENNIS CHERETTE CCIM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Roger Spoelman DbaROGER SPOELMAN DBA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John McDonald DoJOHN MCDONALD DO
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
John ItalianoJOHN ITALIANO
RESIDENT REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Lana Joubert DoLANA JOUBERT DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin Grill DoJUSTIN GRILL DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven A Speet DoSTEVEN A SPEET DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fredric D Levin DoFREDRIC D LEVIN DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol Markiewicz DoCAROL MARKIEWICZ DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Graff DoTHOMAS GRAFF DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary AlloreGARY ALLORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven T WisneskiSTEVEN T WISNESKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark F FazakerleyMARK F FAZAKERLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachael Folkmier-Lane DoRACHAEL FOLKMIER-LANE DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
DIVERSIFIED CONSULTING ASSOCIATES LLC
$20,000
GME TRINITY HEALTH GRAND HAVEN FEASIBILITY STUDY
-
COMMUNITY FOUNDATION FOR MUSKEGON COUNTY
$10,000
TORRENT HOUSE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402229349300735
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