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Nonprofiteer
← MEMORIAL FOUNDATION INC

Form 990 for tax year 2022

Filed by MEMORIAL FOUNDATION INC.

Totals

Total revenue
$570,990
Total expenses
$2,865,608
Contributions and grants received
$221,420
Grants paid
$2,395,649
Program service revenue
$0
Investment income
$318,438
Other revenue
$31,132
Total assets, end of year
$119,936,551
Total liabilities, end of year
$4,875,385
Net assets or fund balances, end of year
$115,061,166
Program services expenses (Part IX)
$2,395,649
Management and general expenses
$243,079
Fundraising expenses
$226,880
Program service expenses (Part III)
$2,395,649

Program services were 83.6% 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

    $116,203

  • 1f · All other contributions, gifts and grants

    $105,217

  • 1g · Noncash contributions included above

    $34,974

  • 3 · Investment income

    total $1,431,168 · excluded $1,431,168

  • 7a · Gross sales of assets other than inventory

    securities $60,775,599

  • 7b · Less cost or other basis and sales expenses

    securities $61,888,329

  • 7c · Gain or loss

    securities -$1,112,730

  • 7d · Net gain or loss

    total -$1,112,730 · excluded -$1,112,730

  • 8a · Fundraising events: gross income

    $57,415

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

    $116,203

  • 8b · Fundraising events: direct expenses

    $82,415

  • 8c · Net income from fundraising events

    total -$25,000 · excluded -$25,000

  • 9a · Gaming: gross income

    $9,300

  • 9b · Gaming: direct expenses

    $5,000

  • 9c · Net income from gaming

    total $4,300 · excluded $4,300

  • 11a · Other revenue: RECOVERY OF PY GRANTS

    total $33,541 · excluded $33,541

  • 11b · Other revenue: FARM INCOME

    total $18,291 · excluded $18,291

  • 11e · Other revenue, total

    $51,832

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,380,649 · program services $2,380,649

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 11f · Fees: investment management

    total $220,392 · management and general $220,392

  • 11g · Fees: other

    total $9,093 · management and general $7,652 · fundraising $1,441

  • 12 · Advertising and promotion

    total $5,072 · management and general $1,420 · fundraising $3,652

  • 13 · Office expenses

    total $1,360 · management and general $14 · fundraising $1,346

  • 14 · Information technology

    total $908 · management and general $338 · fundraising $570

  • 16 · Occupancy

    total $1,761 · management and general $1,761

  • 23 · Insurance

    total $437 · management and general $437

  • 24a · Other expenses: PURCH SVCS-SAL-BENEFITS

    total $213,268 · fundraising $213,268

  • 24b · Other expenses: ADMINISTRATIVE/OVERHEAD

    total $10,000 · management and general $10,000

  • 24c · Other expenses: OTHER

    total $7,668 · management and general $1,065 · fundraising $6,603

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,587 · end of year $26,441

  • 3 · Pledges and grants receivable

    beginning of year $3,775 · end of year $5,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,000 · end of year $1,714

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

    $890,000

  • 10c · Land, buildings and equipment, net

    beginning of year $890,000 · end of year $890,000

  • 11 · Investments: publicly traded securities

    beginning of year $16,994,044 · end of year $14,738,660

  • 12 · Investments: other securities

    beginning of year $122,012,100 · end of year $104,273,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,118 · end of year $12,105

  • 19 · Deferred revenue

    beginning of year $11,450 · end of year $100

  • 21 · Escrow or custodial account liability

    beginning of year $3,413,031 · end of year $3,187,744

  • 25 · Other liabilities

    beginning of year $14,098,072 · end of year $1,675,436

  • 27 · Net assets without donor restrictions

    beginning of year $120,283,846 · end of year $113,152,796

  • 28 · Net assets with donor restrictions

    beginning of year $2,087,989 · end of year $1,908,370

Mission and programs · 2022

Mission

MEMORIAL FOUNDATION,INC. IS COMMITTED TO BUILDING HEALTHY, VIBRANT COMMUNITIES IN MEMORIAL HOSPITAL'S SERVICE AREA NOW AND FOR GENERATIONS TO COME.

  • COMMUNITY SERVICE/OUTREACH: FOUR SCHOOL DISTRICTS IN OUR COMMUNITY WERE PROVIDED WITH SOCIAL, EMOTIONAL LEARNING TOOLS, COUNSELORS AND NECESSARY ITEMS TO LAY THE FOUNDATION FOR HEALTHIER KIDS, PARENTS, AND FAMILIES. ALSO, SUPPORT WAS PROVIDED TO PROTESTANT MEMORIAL MEDICAL CENTER, INC. TO COVER EXPENSES RELATED TO PROMOTING COVID-19 VACCINATIONS IN COOPERATION WITH THE ST. CLAIR COUNTY ILLINOIS HEALTH DEPARTMENT.

    Expenses $1,159,774 · Grants $1,159,774

  • GENERAL OPERATIONS: IMPLEMENTED A CARING FOR CAREGIVERS PROGRAM OF WELLNESS AND MENTAL WELL BEING.

    Expenses $770,880 · Grants $770,880

  • CAPITAL: RENOVATION OF STAFF RELAXATION LOUNGES, GIFT SHOP, SAFE ROOMS; PURCHASE OF INFANT WARMERS FOR EMERGENCY DEPARTMENTS AND CHAPEL UPGRADES. PURCHASE OF ROBOTIC EQUIPMENT FOR THE HOSPITALS.

    Expenses $431,393 · Grants $431,393

  • PATIENT SUPPORT, EDUCATION, AND COMMUNITY GRANTS: INCLUDES EMERGENCY ASSISTANCE PROVIDED TO QUALIFYING PROTESTANT MEMORIAL MEDICAL CENTER, INC. (PMMCI) EMPLOYEES, SUPPORT FOR A SAFE SLEEP AND CAR SEAT PROGRAM AT PMMCI, AND POST PARTUM PATIENT EDUCATION FOR PATIENTS OF THE FAMILY CARE BIRTHING CENTER.

    Expenses $33,602 · Grants $33,602

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

Listed in Part VII

  • McManus Michael

    PRESIDENT, DIRECTOR

    Total calculated
    $625,540
    From this org
    $0
    From related orgs
    $577,525
    Other
    $48,015
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,865 related
    Bonus
    $0 + $195,309 related
    Other
    $0 + $5,351 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $48,015 related
    Filer's total
    $0 + $625,540 related

  • Olroyd Rebecca

    DIRECTOR

    Total calculated
    $10,475
    From this org
    $0
    From related orgs
    $10,475
    Other
    $0
    Hours/week
    1 + 12 related

  • Hoering Edward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hoerner Kevin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lowery Christopher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mueller Robert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reuter Garrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Schifferdecker Peggy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wiley Gerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Boyer Geri

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Guthrie Gary

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Gusmano Jane

    SECRETARY TERM 7/22

    Total calculated
    $298,011
    From this org
    $0
    From related orgs
    $276,203
    Other
    $21,808
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,723 related
    Bonus
    $0 + $104,029 related
    Other
    $0 + $2,451 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,808 related
    Filer's total
    $0 + $298,011 related

  • Koesterer Susan

    SECRETARY BEG 7/22

    Total calculated
    $388,142
    From this org
    $0
    From related orgs
    $350,500
    Other
    $37,642
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,693 related
    Bonus
    $0 + $90,738 related
    Other
    $0 + $2,069 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,642 related
    Filer's total
    $0 + $388,142 related

  • Thomure Anne

    EXECUTIVE DIRECTOR

    Total calculated
    $166,874
    From this org
    $0
    From related orgs
    $159,368
    Other
    $7,506
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,868 related
    Bonus
    $0 + $21,514 related
    Other
    $0 + $1,986 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,506 related
    Filer's total
    $0 + $166,874 related

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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION AND BENEFIT AMOUNTS OF THE ORGANIZATION'S OFFICERS AND TOP MANAGEMENT OFFICIALS ARE DETERMINED BY AN INDEPENDENT COMMITTEE OF BJC HEALTH SYSTEM, AN AFFILIATE OF THE MEMORIAL FOUNDATION, INC. THE COMMITTEE IS COMPRISED OF INDEPENDENT PERSONS AND USES INDEPENDENT COMPENSATION STUDIES AND BENCHMARKING DATA TO ESTABLISH COMPENSATION AMOUNTS AND GUIDELINES. ALL AMOUNTS ARE APPROVED BY THE COMPENSATION COMMITTEE. THE ORGANIZATION RECONCILES THE AGGREGATE AMOUNTS PAID TO THE APPROVAL AMOUNTS SHORTLY AFTER THE CLOSE OF EACH CALENDAR YEAR.
PART I, LINE 4B
DURING 2022, THE FOLLOWING INDIVIDUALS RECEIVED SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN PAYMENTS/ACCRUALS FROM A RELATED ORGANIZATION AS REPORTED IN THE DETAILS OF COMPENSATION AND BENEFITS(SEE FORM 990, PART VII AND SCHEDULE J, PART II): MCMANUS, MICHAEL $63,503 GUSMANO, JANE $32,837 KOESTERER, SUSAN $40,770

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

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.

  • THE HEART CARE INSTITUTE LLC

    MEDICAL SERVICES · MO

  • GAMMA KNIFE CENTER AT BARNES JEWISH HOSP LLC

    OUTPATIENT CARE SERVICES · MO

  • THE REHABILITATION INSTITUE OF ST LOUIS LLC

    MEDICAL SERVICES · AL

  • THE REHABILITATION INSTITUE OF SOUTHERN ILLINOIS LLC

    MEDICAL SERVICES · AL

  • CHILDREN'S DISCOVERY INSTITUTE LLC

    SEARCH FOR CURES OF PEDIATRIC DISEASES · MO

  • Y-SIHVI LLC

    PHYSICAL THERAPY & FITNESS · IL

  • SOUTHWEST ILLINOIS HEALTH SERVICES REAL ESTATE LLP

    COMMERCIAL REAL ESTATE · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ATG ASSURANCE COMPANY LTD

    C · INSURANCE · CJ

  • MB MEDICAL SERVICES INC

    C · HEALTHCARE SERVICES · MO

  • PF SERVICES INC

    C · MANAGEMENT SERVICES · MO

  • WLA INVESTMENT LTD

    C · INVESTMENT HOLDINGS · CA

  • ACTIVUM SG FEEDER FUND VII LP

    C · INVESTMENT HOLDINGS · JE

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349309874

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