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Nonprofiteer
← METROPOLITAN FOUNDATION

Form 990 for tax year 2022

Filed by METROPOLITAN FOUNDATION.

Totals

Total revenue
$5,258,225
Total expenses
$3,994,678
Contributions and grants received
$5,936,138
Grants paid
$3,994,678
Program service revenue
$0
Investment income
-$25,068
Other revenue
-$652,845
Total assets, end of year
$21,441,206
Total liabilities, end of year
$210,629
Net assets or fund balances, end of year
$21,230,577
Program services expenses (Part IX)
$3,994,678
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,994,678

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

    $936,411

  • 1f · All other contributions, gifts and grants

    $4,999,727

  • 1g · Noncash contributions included above

    $145,005

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

    securities $25,068

  • 7c · Gain or loss

    securities -$25,068

  • 7d · Net gain or loss

    total -$25,068 · excluded -$25,068

  • 8a · Fundraising events: gross income

    $217,396

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

    $936,411

  • 8b · Fundraising events: direct expenses

    $870,241

  • 8c · Net income from fundraising events

    total -$652,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,994,678 · program services $3,994,678

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,829,962 · end of year $1,309,328

  • 3 · Pledges and grants receivable

    beginning of year $281,508 · end of year $1,298,519

  • 11 · Investments: publicly traded securities

    beginning of year $17,329,582 · end of year $17,782,155

  • 15 · Other assets

    beginning of year $121,244 · end of year $1,051,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,272,907 · end of year $210,629

  • 27 · Net assets without donor restrictions

    beginning of year $18,289,389 · end of year $21,230,577

Mission and programs · 2022

Mission

SUPPORTS METRO HEALTH HOSPITAL'S MISSION OF IMPROVING THE HEALTH AND WELL- BEING OF THE COMMUNITY.

Activities or mission (Part I)

THE ARTICLES OF INCORPORATION OF METRO FOUNDATION STATE THAT ITS PRIMARY PURPOSE IS TO RAISE FUNDS FOR METROPOLITAN HOSPITAL (UMH WEST). FURTHER, ITS BYLAWS PROVIDE THAT ITS SOLE MEMBER IS UMH WEST WHICH HAS RESERVED POWERS,INCLUDING APPROVAL OF ANY STRATEGIC PLANS, ANNUAL OR OTHER BUDGETS, CAPITAL EXPENDITURES NOT INCLUDED IN THE BUDGET THAT EXCEEDS A CERTAIN LIMIT, AMONG OTHERS. METRO FOUNDATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF U-M HEALTH FOR FISCAL YEAR ENDED JUNE 30, 2023.

  • HELPING HANDS PROVIDES DIRECT FINANCIAL ASSISTANCE TO EMPLOYEES FACING UNUSUAL CIRCUMSTANCES AND BARRIERS. MONEY IS OFTEN SPENT ON BASIC NEEDS SUCH AS FOOD, RENT, AND BILLS. EMPLOYEES TYPICALLY APPLY AFTER AN UNFORSEEN LIFE EVENT SUCH AS A CAR ACCIDENT OR MISSING PROLONGED TIME FROM WORK.

    Expenses $206,841 · Grants $206,841

  • THE 2023 VITALITY GALA IS A BLACK-TIE FUNDRAISER HIGHLIGHTING CARDIAC SERVICES AT UNIVERSITY OF MICHIGAN HEALTH-WEST. PROCEEDS FROM SPONSORSHIP AND DONATIONS WILL GO TO SUPPORT THE GREATEST NEEDS OF THE ORGANIZATION.

    Expenses $732,699 · Grants $732,699 · Revenue $113,067

  • THE CAPITAL CAMPAIGN FUND PROVIDES FINANCIAL SUPPORT FOR THE HEALTH SYSTEMS CAPITAL NEEDS AND PRIORITIES. DURING THE 2023 FISCAL YEAR, THIS INVOLVED FUNDING THE EFFORTS, EQUIPMENT, AND RENOVATIONS TO HELP LAUNCH THE OPEN HEART SURGERY PROGRAM.

    Expenses $1,703,500 · Grants $1,703,500

  • GRANTS TO SUPPORT LEADING-EDGE SURGICAL EQUIPMENT,GAME-CHANGING DOCUMENTATION SOFTWARE, DEI PROGRAMMING SOFTWARE, CONTINUING EDUCATIONOPPORTUNITIES, SUICIDE PREVENTION INITIATIVES, NURSING & MEDICAL ASSISTANT STAFFING SCHOLARSHIPPIPELINES, STRESS MANAGEMENT EDUCATION, EMPLOYEE CHILDCARE SUPPORT, PATIENT CAREEQUIPMENT, MATERNAL INFANT HEALTH NEEDS, FOOD PANTRY SUPPLIES, BUS PASSES, AND DIABETESEDUCATION PATIENT SUPPORT.

    Expenses $1,351,638 · Grants $1,351,638 · Revenue $104,329

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

Listed in Part VII

  • Dr Peter Hahn MD MBA

    CEO

    Total calculated
    $848,357
    From this org
    $0
    From related orgs
    $821,663
    Other
    $26,694
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $650,063 related
    Bonus
    not reported + $170,082 related
    Other
    not reported + $1,518 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    not reported + $20,594 related
    Filer's total
    not reported + $848,357 related
  • Paul Kovack Do

    DIRECTOR

    Total calculated
    $824,272
    From this org
    $0
    From related orgs
    $797,578
    Other
    $26,694
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $589,932 related
    Bonus
    not reported + $203,290 related
    Other
    not reported + $4,356 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    not reported + $20,594 related
    Filer's total
    not reported + $824,272 related
  • Kris Kurtz

    CFO

    Total calculated
    $518,149
    From this org
    $0
    From related orgs
    $490,830
    Other
    $27,319
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $376,556 related
    Bonus
    not reported + $112,756 related
    Other
    not reported + $1,518 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    not reported + $21,219 related
    Filer's total
    not reported + $518,149 related
  • Lance Owens Do

    DIRECTOR

    Total calculated
    $449,397
    From this org
    $0
    From related orgs
    $422,078
    Other
    $27,319
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $333,567 related
    Bonus
    not reported + $86,993 related
    Other
    not reported + $1,518 related
    Deferred
    not reported + $6,100 related
    Nontaxable benefits
    not reported + $21,219 related
    Filer's total
    not reported + $449,397 related
  • Ethan Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Connie Bohatch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jordan Carson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Damstra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary Dale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meg Goebel

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Kim Gary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Welch IV

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Barbara Mieras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Mraz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laurie Placinski

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1
  • Jane Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mandee Rick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Van Singel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dante Villarreal

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Scott Webb

    PAST CHAIRPE

    Total calculated
    $0
    Hours/week
    1
  • Jason Wender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jordan Custer - Part Year

    DIRECTOR

    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

None.

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

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.

  • MICHIGAN DIALYSIS SERVICES LLC

    DIALYSIS · MI

  • PHYSICIAN ORGANIZATION OF MI ACO

    HEALTHCARE · MI

  • PHP HOLDINGS LLC

    HOLDING CO · MI

Related corporations and trusts

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

  • KENT HEALTH CARE PHYSICIAN ORG

    HEALTHCARE · MI

  • SPARROW DEVELOPMENT INC

    RENTAL PRO · MI · controlled entity

  • PHP INSURANCE COMPANY

    INSURANCE · MI · controlled entity

  • PHP SERVICE COMPANY

    MED SERV · MI · controlled entity

  • EAST LANSING ATHLETIC CLUB

    HLTH CLUB · MI · controlled entity

  • MAC RESTAURANT LLC

    RESTAURANT · MI · controlled entity

  • CLINTON SERVICES CORPORATION

    SERVICES · MI · controlled entity

  • EAST LANSING HLTH ATH CLUB & HSP

    CONDO ASSO · MI · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202431109349301613

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