Skip to content
Nonprofiteer
← METHODIST HOSPITAL FDN

Form 990 for tax year 2022

Filed by METHODIST HOSPITAL FDN.

Totals

Total revenue
$230,079
Total expenses
$317,723
Contributions and grants received
$76,354
Grants paid
$232,686
Program service revenue
$0
Investment income
$182,011
Other revenue
-$28,286
Total assets, end of year
$12,662,931
Total liabilities, end of year
$107,521
Net assets or fund balances, end of year
$12,555,410
Program services expenses (Part IX)
$317,723
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$317,723

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.

  • 1c · Fundraising events

    $21,383

  • 1f · All other contributions, gifts and grants

    $54,971

  • 3 · Investment income

    total $4,168 · unrelated business $0 · excluded $4,168

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $177,843

  • 7c · Gain or loss

    securities $177,843

  • 7d · Net gain or loss

    total $177,843 · unrelated business $0 · excluded $177,843

  • 8a · Fundraising events: gross income

    $5,350

  • 8a · Fundraising events: contributions included on line 1c

    $21,383

  • 8b · Fundraising events: direct expenses

    $33,636

  • 8c · Net income from fundraising events

    total -$28,286 · unrelated business $0 · excluded -$28,286

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $232,686 · program services $232,686

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $77,335 · program services $77,335 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $754 · program services $754

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $6,933 · program services $6,933

  • 24a · Other expenses: OTHER EXPENSES

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,834 · end of year $57,003

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,501 · end of year $12,172

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

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $11,924,490 · end of year $12,593,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,824 · end of year $32,521

  • 18 · Grants payable

    beginning of year $113,389 · end of year $75,000

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $35,949 · end of year $154,366

  • 28 · Net assets with donor restrictions

    beginning of year $11,701,663 · end of year $12,401,044

Mission and programs · 2022

Mission

THE METHODIST HOSPITAL FOUNDATION ("FOUNDATION") IS A PUBLIC CHARITY WHICH SERVES AS THE FUND-RAISING ARM OF METHODIST HOSPITAL. THE FOUNDATION'S CHARITABLE MISSION IS TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY. THE FOUNDATION ALLOWS METHODIST HOSPITAL TO CONTINUE ITS STEWARDSHIP OF ITS COMMUNITY. IN 1998, THE METHODIST HOSPITAL FOUNDATION BEGAN TO SOLICIT GRANT REQUESTS FROM THE PUBLIC SECTOR FOR HEALTHCARE RELATED PROGRAMS. THE GRANT PROGRAM EMPOWERS GRASS ROOTS ORGANIZATIONS BY MAKING AVAILABLE TO THEM THE FINANCIAL RESOURCES THEY SO DESPERATELY NEED TO PROVIDE HOME CARE, ELDER CARE, FAMILY AND CHILDREN SERVICES AND OTHER PROGRAMS THAT UNITE OUR DIVERSE NEIGHBORHOOD AND KEEP IT STRONG. SINCE THAT TIME, THE FOUNDATION HAS REINVESTED OVER $1,500,000 IN THE COMMUNITY THROUGH ITS GRANT PROGRAM. THE GRANTS AWARDED REPRESENT A COLLABORATIVE EFFORT BETWEEN OUR COMMUNITY CENTERS AND ORGANIZATION

Activities or mission (Part I)

TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.

  • EXPENSES INCURRED IN RAISING FUNDS AND PROVIDING GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.

    Expenses $317,723 · Grants $232,686

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

Listed in Part VII

  • J Jeffrey Grant

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Janice R Bellace Esq

    VICE CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Honorable Matthew Carrafiello

    VICE CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Frank H Wisniewski Esq

    VICE CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Joseph P Anton

    TRUSTEE - PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    5

  • Reverend Charles C Cole

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • George E Deming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Catriona Harrop MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev Dr Christopher Kurien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Daniel Peou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • James E Robinson

    TURSTEE

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349307066

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

The source document this was parsed from is served over the API, which is where bulk and document access live.