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← MEMORIAL HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2022

Filed by MEMORIAL HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$1,686,333
Total expenses
$1,287,713
Contributions and grants received
$1,604,913
Grants paid
$701,205
Program service revenue
$0
Investment income
$89,601
Other revenue
-$8,181
Total assets, end of year
$4,419,311
Total liabilities, end of year
$338,791
Net assets or fund balances, end of year
$4,080,520
Program services expenses (Part IX)
$844,662
Management and general expenses
$172,346
Fundraising expenses
$270,705
Program service expenses (Part III)
$844,662

Program services were 65.6% 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

    $396,983

  • 1e · Government grants (contributions)

    $554,294

  • 1f · All other contributions, gifts and grants

    $653,636

  • 1g · Noncash contributions included above

    $10,537

  • 3 · Investment income

    total $26 · excluded $26

  • 7a · Gross sales of assets other than inventory

    securities $2,575,611

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

    securities $2,486,036

  • 7c · Gain or loss

    securities $89,575

  • 7d · Net gain or loss

    total $89,575 · excluded $89,575

  • 8a · Fundraising events: gross income

    $62,840

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

    $396,983

  • 8b · Fundraising events: direct expenses

    $71,021

  • 8c · Net income from fundraising events

    total -$8,181 · excluded -$8,181

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $545,970 · program services $545,970

  • 2 · Grants to domestic individuals

    total $155,235 · program services $155,235

  • 5 · Compensation of officers, directors and key employees

    total $183,344 · program services $55,003 · management and general $36,669 · fundraising $91,672

  • 7 · Other salaries and wages

    total $234,994 · program services $64,817 · management and general $52,804 · fundraising $117,373

  • 9 · Other employee benefits

    total $51,529 · program services $14,205 · management and general $11,587 · fundraising $25,737

  • 11c · Fees: accounting

    total $14,140 · management and general $14,140

  • 11f · Fees: investment management

    total $22,668 · management and general $22,668

  • 11g · Fees: other

    total $16,898 · program services $3,171 · management and general $9,721 · fundraising $4,006

  • 12 · Advertising and promotion

    total $5,357 · fundraising $5,357

  • 13 · Office expenses

    total $16,903 · program services $3,316 · management and general $3,614 · fundraising $9,973

  • 19 · Conferences, conventions and meetings

    total $6,138 · program services $1,751 · management and general $1,320 · fundraising $3,067

  • 23 · Insurance

    total $2,679 · management and general $2,679

  • 24a · Other expenses: HOSPITAL SERVICES

    total $15,504 · management and general $15,504

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $10,347 · fundraising $10,347

  • 24c · Other expenses: DUES

    total $2,477 · program services $706 · management and general $533 · fundraising $1,238

  • 24d · Other expenses: CONTINUING EDUCATION

    total $1,798 · management and general $719 · fundraising $1,079

  • 24e · All other expenses

    total $1,732 · program services $488 · management and general $388 · fundraising $856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,020 · end of year $911,329

  • 2 · Savings and temporary cash investments

    beginning of year $784,431 · end of year $813,621

  • 3 · Pledges and grants receivable

    beginning of year $305,541 · end of year $258,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,362 · end of year $54,166

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

    $61,945

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

    $61,945

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,251,460 · end of year $2,381,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,782 · end of year $338,791

  • 27 · Net assets without donor restrictions

    beginning of year $1,037,476 · end of year $1,124,301

  • 28 · Net assets with donor restrictions

    beginning of year $2,561,556 · end of year $2,956,219

Mission and programs · 2022

Mission

SEE SCHEDULE OTHE MISSION OF MEMORIAL HEALTH SYSTEM FOUNDATION IS TO PROVIDE PHILANTHROPIC RESOURCES TO ASSIST MEMORIAL HEALTH SYSTEM TO PROVIDE THE HIGHEST QUALITY HEALTH CARE. PHILANTHROPIC SUPPORT IS BEING SOUGHT FOR CAPITAL, ENDOWMENT AND PROGRAMMATIC PURPOSES, INCLUDING CANCER, CARDIOLOGY, AND WOMEN'S PROGRAMS AND SERVICES.

Activities or mission (Part I)

TO PROVIDE PHILANTHROPIC RESOURCES TO ASSIST MEMORIAL HEALTH SYSTEM.

  • THE MEMORIAL HEALTH SYSTEM FOUNDATION PROVIDES VARIOUS PATIENT CARE AND STAFF EDUCATION FUNDS TO MEMORIAL HOSPITAL DEDICATED TO THE SOUTHERN COLORADO REGION. IN FISCAL YEAR 2023 THE FOUNDATION PROVIDED $31,386 TO THE MOBILE STROKE TREATMENT UNIT FUND AND $39,635 TO THE SPORTS MEDICINE PROGRAM FUND.

    Expenses $844,662 · Grants $701,205

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

Listed in Part VII

  • David Brockway

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erik Scott

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deb Mahan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Pat Cone

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrea Hurlbert

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jared May

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindi Sather

    INDIVIDUAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Leininger

    CHIEF OF STAFF

    Total calculated
    $0
    Hours/week
    1

  • Lonnie Cramer

    CEO, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Kate Maiurro

    EXECUTIVE DIRECTOR

    Total calculated
    $183,344
    From this org
    $149,914
    From related orgs
    $0
    Other
    $33,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,275
    Bonus
    $9,639
    Other
    $0
    Deferred
    $4,920
    Nontaxable benefits
    $28,510
    Filer's total
    $183,344

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
SALARY SURVEYS DATA THAT IS COMPILED BY THIRD PARTIES IS USED TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. REVIEW AND APPROVAL OF THE SALARY IS DONE BY THE MEMORIAL HOSPITAL AND UCH BOARDS. THE ORGANIZATION MAINTAINS THE APPROPRIATE DOCUMENTATION OF THE PROCESS.
PART I, LINE 7
BONUS COMPENSATION DETERMINED BY BOARD OF DIRECTORS.

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349313802

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