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Nonprofiteer
← LIMA MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by LIMA MEMORIAL FOUNDATION.

Totals

Total revenue
$2,038,094
Total expenses
$136,793
Contributions and grants received
$1,929,953
Grants paid
$105,000
Program service revenue
$0
Investment income
$266,526
Other revenue
-$158,385
Total assets, end of year
$9,851,253
Total liabilities, end of year
-$2,334
Net assets or fund balances, end of year
$9,853,587
Program services expenses (Part IX)
$105,000
Management and general expenses
$31,793
Fundraising expenses
$0
Program service expenses (Part III)
$105,000

Program services were 76.8% 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

    $712,428

  • 1f · All other contributions, gifts and grants

    $1,217,525

  • 1g · Noncash contributions included above

    $157,385

  • 3 · Investment income

    total $266,526 · excluded $266,526

  • 8a · Fundraising events: gross income

    $68,882

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

    $712,428

  • 8b · Fundraising events: direct expenses

    $227,267

  • 8c · Net income from fundraising events

    total -$158,385 · excluded -$158,385

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $105,000 · program services $105,000

  • 24a · Other expenses: ADMIN AND GENERAL

    total $31,793 · management and general $31,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$395,805 · end of year $344,706

  • 2 · Savings and temporary cash investments

    beginning of year $636,944 · end of year $50,252

  • 3 · Pledges and grants receivable

    beginning of year $280,927 · end of year $202,532

  • 12 · Investments: other securities

    beginning of year $7,833,847 · end of year $9,245,860

  • 15 · Other assets

    beginning of year $5,393 · end of year $7,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,053 · end of year -$2,334

  • 27 · Net assets without donor restrictions

    beginning of year $7,283,221 · end of year $8,968,626

  • 28 · Net assets with donor restrictions

    beginning of year $1,062,032 · end of year $884,961

Mission and programs · 2023

Mission

THE MISSION OF THE LIMA MEMORIAL FOUNDATION IS TO PROVIDE QUALITY HEALTH CARE THROUGH PHILANTHROPY TO THE COMMUNITIES WHICH LIMA MEMORIAL HEALTH SYSTEM SERVES.

  • THE CORPORATION WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. SPECIFICALLY, TO ASSIST LMH IN PROVIDING QUALITY HEALTH CARE TO THE COMMUNITY WHICH IT SERVES.

    Expenses $105,000 · Grants $105,000

As filed on the 2023 return.

Listed in Part VII

  • Michael Swick

    BOARD MEMBER/LMH CEO

    Total calculated
    $948,238
    From this org
    $0
    From related orgs
    $818,346
    Other
    $129,892
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,259 related
    Bonus
    $0 + $380,104 related
    Other
    $0 + $19,983 related
    Deferred
    $0 + $110,546 related
    Nontaxable benefits
    $0 + $19,346 related
    Filer's total
    $0 + $948,238 related

  • Lynn Carpenter

    VP/LMH COO

    Total calculated
    $365,318
    From this org
    $0
    From related orgs
    $322,814
    Other
    $42,504
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,506 related
    Bonus
    $0 + $82,413 related
    Other
    $0 + $6,895 related
    Deferred
    $0 + $32,887 related
    Nontaxable benefits
    $0 + $9,617 related
    Filer's total
    $0 + $365,318 related

  • Scott Shutt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Steve Romey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Janice M Vonderembse

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eric Weichart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Russ Decker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Harsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bill Timmermeister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashley Cowan-Meas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Praveen Malhotra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Clyde Rauch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Hawk

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Amy Kentner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Rector

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Betsy Winget

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis Morris MD

    BOARD MEMBER/LMH CMO

    Total calculated
    $361,102
    From this org
    $0
    From related orgs
    $358,845
    Other
    $2,257
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $33,020 related
    Bonus
    $0 + $321,813 related
    Other
    $0 + $4,012 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,257 related
    Filer's total
    $0 + $361,102 related

  • Kerri Romes

    BOARD MEMBER

    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. 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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1, LINE 3:
RELATED ORGANIZATION, LIMA MEMORIAL JOINT OPERATING COMPANY, DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO, OTHER OFFICERS AND KEY EMPLOYEES BY 1)REVIEW AND APPROVAL OF THE COMPENSATION COMMITTEE; 2)UTILIZATION OF AN INDEPENDENT COMPENSATION CONSULTANT; 3)COMPARABLE DATA; AND 4) CONTEMPORANEOUS DOCUMENTATION.
PART I, LINE 4B:
THE FOLLOWING INDIVIDUALS PARTICIPATED IN AN IRC 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN. THIS PLAN IS FUNDED BY THE HOSPITAL AND VESTS WITH SERVICE THEREFORE IS SUBJECT TO RISK OF FORFEITURE. MICHAEL D. SWICK: $110,546 LYNN CARPENTER: $32,887
ADDITIONAL INFORMATION:
COMPENSATION PRESENTED ON FORM 990, PART VII AND SCHEDULE J RELATED TO THE BOARD MEMBERS ARE FOR SERVICES PERFORMED FOR THE ORGANIZATION OUTSIDE THOSE SERVICES PERFORMED ON THE BOARD. THERE IS NO COMPENSATION PAID FOR BOARD SERVICES.

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

No itemized grants to organizations on this return.

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.

  • LIMA MEMORIAL JOINT OPERATING COMPANY

    501(C)(3) · HEALTHCARE · OH

  • LIMA MEMORIAL HOSPITAL

    501(C)(3) · HEALTHCARE · OH · controlled entity

    Directly controlled by LIMA MEMORIAL JOINT OPERATING COMPANY

  • LIMA MEMORIAL HOSPITAL AUXILIARY

    501(C)(3) · SUPPORTING ORGANIZATION FOR LIMA MEMORIAL HOSPITAL · OH · controlled entity

    Directly controlled by LIMA MEMORIAL JOINT OPERATING COMPANY

  • LIMA MEMORIAL PROFESSIONAL CORPORATION

    501(C)(3) · HEALTHCARE · OH · controlled entity

    Directly controlled by LIMA MEMORIAL JOINT OPERATING COMPANY

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.

  • LMHS WOMEN'S HEALTH CO-MANAGEMENT COMPANY LLC

    WOMEN'S HEALTH CO-MANAGEMENT · OH · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443169349302174

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