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Nonprofiteer
← OSTEOPATHIC FOUNDATION OF WEST MICHIGAN

Form 990 for tax year 2022

Filed by OSTEOPATHIC FOUNDATION OF WEST MICHIGAN.

Totals

Total revenue
$861,795
Total expenses
$422,095
Contributions and grants received
$0
Grants paid
$88,114
Program service revenue
$24,306
Investment income
$837,489
Other revenue
$0
Total assets, end of year
$10,015,538
Total liabilities, end of year
$626,315
Net assets or fund balances, end of year
$9,389,223
Program services expenses (Part IX)
$182,649
Management and general expenses
$226,637
Fundraising expenses
$12,809
Program service expenses (Part III)
$182,649

Program services were 43.3% 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.

  • 2a · Program service revenue: REGISTRATION FEES

    total $10,072 · related or exempt $10,072

  • 2b · Program service revenue: WMOA DUES

    total $7,385 · related or exempt $7,385

  • 2c · Program service revenue: VENDOR SUPPORT

    total $4,900 · related or exempt $4,900

  • 2d · Program service revenue: OTHER

    total $1,949 · related or exempt $1,949

  • 3 · Investment income

    total $90,860 · excluded $90,860

  • 7a · Gross sales of assets other than inventory

    securities $746,629

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

    securities $0

  • 7c · Gain or loss

    securities $746,629

  • 7d · Net gain or loss

    total $746,629 · related or exempt $746,629

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,114 · program services $36,114

  • 2 · Grants to domestic individuals

    total $52,000 · program services $52,000

  • 5 · Compensation of officers, directors and key employees

    total $96,269 · program services $32,894 · management and general $63,375

  • 7 · Other salaries and wages

    total $2,539 · program services $508 · fundraising $2,031

  • 8 · Pension plan contributions

    total $5,872 · program services $3,332 · fundraising $2,540

  • 10 · Payroll taxes

    total $5,480 · program services $1,534 · fundraising $3,946

  • 11b · Fees: legal

    total $3,490 · program services $349 · management and general $3,141

  • 11c · Fees: accounting

    total $8,156 · program services $816 · management and general $7,340

  • 11f · Fees: investment management

    total $55,828 · program services $11,166 · management and general $44,662

  • 12 · Advertising and promotion

    total $16,955 · program services $3,321 · management and general $13,284 · fundraising $350

  • 13 · Office expenses

    total $21,023 · program services $5,256 · management and general $11,825 · fundraising $3,942

  • 14 · Information technology

    total $220 · program services $22 · management and general $198

  • 17 · Travel

    total $1,206 · program services $121 · management and general $1,085

  • 24a · Other expenses: BOARD EXPNESES

    total $50,480 · management and general $50,480

  • 24b · Other expenses: OTHER

    total $33,562 · program services $6,715 · management and general $26,847

  • 24c · Other expenses: CONTINUING MEDICAL EDUC

    total $21,313 · program services $21,313

  • 24d · Other expenses: PROVISION INCOME TAXES

    total $6,699 · program services $6,699

  • 24e · All other expenses

    total $4,889 · program services $489 · management and general $4,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,195 · end of year $414,075

  • 2 · Savings and temporary cash investments

    beginning of year $106,727 · end of year $4,479

  • 7 · Other notes and loans receivable

    beginning of year $10,000 · end of year $0

  • 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 $6,812,787 · end of year $5,205,143

  • 12 · Investments: other securities

    beginning of year $4,815,542 · end of year $4,391,841

  • 17 · Accounts payable and accrued expenses

    beginning of year $863 · end of year $1,555

  • 23 · Secured mortgages and notes payable

    beginning of year $1,351,087 · end of year $623,746

  • 25 · Other liabilities

    beginning of year $3,952 · end of year $1,014

  • 27 · Net assets without donor restrictions

    beginning of year $10,225,204 · end of year $9,193,228

  • 28 · Net assets with donor restrictions

    beginning of year $202,145 · end of year $195,995

Mission and programs · 2022

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 $182,649 · Grants $88,114 · Revenue $770,935

As filed on the 2022 return.

Listed in Part VII

  • Abbei Monroe

    ASSOCIATE DIRECTOR

    Total calculated
    $56,269
    From this org
    $56,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jose Infante

    PRESIDENT

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Patricia J Roy Do

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Roger Spoelman Dba

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dennis Cherette Ccim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark F Fazakerley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven T Wisneski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Allore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Graff Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Markiewicz Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fredric D Levin Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven A Speet Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Grill Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lana Joubert Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John McDonald Do

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Rachel Folkmier-Lane

    RESIDENT REPRESENTATIVE

    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

  • HACKLEY COMMUNITY CARE

    $20,000

    GENERAL SUPPORT

  • MERCY HEALTH

    $5,500

    MEDICAL EDUCATION SCHOLARSHIPS

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303119349303530

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