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Nonprofiteer
← MEMORIAL FOUNDATION INC

Form 990 for tax year 2023

Filed by MEMORIAL FOUNDATION INC.

Totals

Total revenue
$5,106,261
Total expenses
$3,083,897
Contributions and grants received
$203,047
Grants paid
$2,512,883
Program service revenue
$0
Investment income
$4,894,014
Other revenue
$9,200
Total assets, end of year
$128,478,111
Total liabilities, end of year
$5,687,698
Net assets or fund balances, end of year
$122,790,413
Program services expenses (Part IX)
$2,512,883
Management and general expenses
$307,213
Fundraising expenses
$263,801
Program service expenses (Part III)
$2,512,883

Program services were 81.5% 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

    $126,446

  • 1f · All other contributions, gifts and grants

    $76,601

  • 1g · Noncash contributions included above

    $38,243

  • 3 · Investment income

    total $1,919,261 · excluded $1,919,261

  • 7a · Gross sales of assets other than inventory

    securities $29,707,472

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

    securities $26,732,719

  • 7c · Gain or loss

    securities $2,974,753

  • 7d · Net gain or loss

    total $2,974,753 · excluded $2,974,753

  • 8a · Fundraising events: gross income

    $61,297

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

    $126,446

  • 8b · Fundraising events: direct expenses

    $80,344

  • 8c · Net income from fundraising events

    total -$19,047 · excluded -$19,047

  • 9a · Gaming: gross income

    $10,200

  • 9b · Gaming: direct expenses

    $5,000

  • 9c · Net income from gaming

    total $5,200 · related or exempt $5,200

  • 11a · Other revenue: FARM INCOME

    total $16,142 · excluded $16,142

  • 11b · Other revenue: RECOVERY OF PY GRANTS

    total $6,905 · excluded $6,905

  • 11e · Other revenue, total

    $23,047

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,507,883 · program services $2,507,883

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11f · Fees: investment management

    total $291,124 · management and general $291,124

  • 11g · Fees: other

    total $983 · fundraising $983

  • 12 · Advertising and promotion

    total $4,437 · fundraising $4,437

  • 13 · Office expenses

    total $3,755 · management and general $120 · fundraising $3,635

  • 14 · Information technology

    total $1,481 · fundraising $1,481

  • 23 · Insurance

    total $473 · management and general $473

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

    total $243,987 · fundraising $243,987

  • 24b · Other expenses: OTHER

    total $12,983 · management and general $3,705 · fundraising $9,278

  • 24c · Other expenses: ADMINISTRATIVE/OVERHEAD

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

  • 24d · Other expenses: REAL ESTATE TAXES

    total $1,791 · management and general $1,791

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $26,441 · end of year $37,249

  • 3 · Pledges and grants receivable

    beginning of year $5,950 · end of year $1,010

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,714 · end of year $160

  • 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 $14,738,660 · end of year $20,255,172

  • 12 · Investments: other securities

    beginning of year $104,273,786 · end of year $107,294,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,105 · end of year $1,001

  • 19 · Deferred revenue

    beginning of year $100

  • 21 · Escrow or custodial account liability

    beginning of year $3,187,744 · end of year $3,369,688

  • 25 · Other liabilities

    beginning of year $1,675,436 · end of year $2,317,009

  • 27 · Net assets without donor restrictions

    beginning of year $113,152,796 · end of year $121,147,912

  • 28 · Net assets with donor restrictions

    beginning of year $1,908,370 · end of year $1,642,501

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

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: THREE 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. SUPPORT WAS ALSO PROVIDED TO PROTESTANT MEMORIAL MEDICAL CENTER, INC. FOR PROGRAMMING TO DECREASE READMITTANCE RATES AND WORK WITH THOSE IN OUR COMMUNITY WHO ARE MOST DISADVANTAGED.

    Expenses $1,733,946 · Grants $1,733,946

  • CAPITAL: INCLUDES SUPPORT PROVIDED FOR DOCTOR SLEEP ROOMS, RENOVATIONS FOR MEDICAL OFFICE BUILDING 2 (2ND AND 3RD FLOOR), RENOVATION OF THE GIFT SHOP AT PROTESTANT MEMORIAL MEDICAL CENTER, INC., DBA MEMORIAL HOSPITAL, ROBOTIC EQUIPMENT FOR THE OPERATING ROOM AND EQUIPMENT FOR EMERGENCY DEPARTMENT.

    Expenses $443,009 · Grants $443,009

  • SCHOLARSHIPS: CREATED A PROGRAM FOR STUDENTS IN OUR COMMUNITY TO PURSUE HEALTHCARE CAREERS.

    Expenses $288,000 · Grants $288,000

  • EXTERNAL COMMUNITY, GENERAL OPERATIONS, PATIENT SUPPORT, AND WORKFORCE EDUCATION: INCLUDES THE PURCHASE OF WHEELCHAIRS, SUPPORT FOR THE SITEMAN HEALING GARDEN, EMERGENCY ASSISTANCE TO EMPLOYEES AND SUPPORT FOR OTHER PROGRAMS AT PMMCI SUCH AS THE PURCHASE OF MINOR EQUIPMENT, CAR SEATS AND ITEMS FOR THE SAFE SLEEP PROGRAM FOR PATIENTS AT THE FAMILY CARE BIRTHING CENTER.

    Expenses $47,928 · Grants $47,928

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • McManus Michael

    PRESIDENT, DIRECTOR

    Total calculated
    $630,546
    From this org
    $0
    From related orgs
    $582,051
    Other
    $48,495
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $388,244 related
    Bonus
    $0 + $188,013 related
    Other
    $0 + $5,794 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $48,495 related
    Filer's total
    $0 + $630,546 related

  • Olroyd Rebecca

    DIRECTOR

    Total calculated
    $12,435
    From this org
    $0
    From related orgs
    $12,435
    Other
    $0
    Hours/week
    1 + 12 related

  • Boyer Geri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Guthrie Gary

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Koesterer Susan

    SECRETARY BEG 7/22

    Total calculated
    $493,280
    From this org
    $0
    From related orgs
    $356,290
    Other
    $136,990
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,865 related
    Bonus
    $0 + $81,361 related
    Other
    $0 + $2,064 related
    Deferred
    $0 + $96,272 related
    Nontaxable benefits
    $0 + $40,718 related
    Filer's total
    $0 + $493,280 related

  • Thomure Anne

    EXECUTIVE DIRECTOR

    Total calculated
    $134,857
    From this org
    $0
    From related orgs
    $128,986
    Other
    $5,871
    Hours/week
    1 + 40 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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 2023, 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 $49,436 KOESTERER, SUSAN $27,909

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

  • ST LOUIS HEALTHCARE SUPPORT SERVICES LLC

    MEDICAL SERVICES · MO

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

  • ACTIVUM SG FEEDER FUND VII LP

    C · INVESTMENT HOLDINGS · JE

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349308441

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