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← MEMORIAL FOUNDATION INC

Form 990 for tax year 2024

Filed by MEMORIAL FOUNDATION INC.

Totals

Total revenue
$15,096,633
Total expenses
$3,615,630
Contributions and grants received
$217,310
Grants paid
$3,186,948
Program service revenue
$0
Investment income
$14,905,991
Other revenue
-$26,668
Total assets, end of year
$138,707,756
Total liabilities, end of year
$7,291,226
Net assets or fund balances, end of year
$131,416,530
Program services expenses (Part IX)
$3,186,948
Management and general expenses
$187,916
Fundraising expenses
$240,766
Program service expenses (Part III)
$3,186,948

Program services were 88.1% 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

    $153,352

  • 1f · All other contributions, gifts and grants

    $63,958

  • 1g · Noncash contributions included above

    $51,909

  • 3 · Investment income

    total $2,726,973 · excluded $2,726,973

  • 7a · Gross sales of assets other than inventory

    securities $62,591,446

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

    securities $50,412,428

  • 7c · Gain or loss

    securities $12,179,018

  • 7d · Net gain or loss

    total $12,179,018 · excluded $12,179,018

  • 8a · Fundraising events: gross income

    $48,381

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

    $153,352

  • 8b · Fundraising events: direct expenses

    $93,395

  • 8c · Net income from fundraising events

    total -$45,014 · excluded -$45,014

  • 9a · Gaming: gross income

    $5,600

  • 9b · Gaming: direct expenses

    $5,000

  • 9c · Net income from gaming

    total $600 · related or exempt $600

  • 11a · Other revenue: FARM INCOME

    total $17,532 · excluded $17,532

  • 11b · Other revenue: RECOVERY OF PY GRANTS

    total $144 · excluded $144

  • 11c · Other revenue: OTHER INCOME

    total $70 · excluded $70

  • 11e · Other revenue, total

    $17,746

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,170,448 · program services $3,170,448

  • 2 · Grants to domestic individuals

    total $16,500 · program services $16,500

  • 11f · Fees: investment management

    total $174,334 · management and general $174,333 · fundraising $1

  • 11g · Fees: other

    total $1,400 · fundraising $1,400

  • 12 · Advertising and promotion

    total $4,067 · management and general $1,964 · fundraising $2,103

  • 13 · Office expenses

    total $15,342 · management and general $52 · fundraising $15,290

  • 14 · Information technology

    total $1,043 · fundraising $1,043

  • 16 · Occupancy

    total $952 · management and general $952

  • 17 · Travel

    total $1,587 · fundraising $1,587

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

    total $192,052 · fundraising $192,052

  • 24b · Other expenses: DONOR CULTIVATION

    total $21,182 · management and general $600 · fundraising $20,582

  • 24c · Other expenses: ADMINISTRATIVE/OVERHEAD

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

  • 24d · Other expenses: DECORATIONS

    total $6,125 · fundraising $6,125

  • 24e · All other expenses

    total $598 · management and general $15 · fundraising $583

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $37,249 · end of year $60,160

  • 3 · Pledges and grants receivable

    beginning of year $1,010 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning 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 $20,255,172 · end of year $27,430,396

  • 12 · Investments: other securities

    beginning of year $107,294,520 · end of year $110,327,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,001 · end of year $17,979

  • 19 · Deferred revenue

    end of year $820

  • 21 · Escrow or custodial account liability

    beginning of year $3,369,688 · end of year $3,151,529

  • 25 · Other liabilities

    beginning of year $2,317,009 · end of year $4,120,898

  • 27 · Net assets without donor restrictions

    beginning of year $121,147,912 · end of year $131,104,281

  • 28 · Net assets with donor restrictions

    beginning of year $1,642,501 · end of year $312,249

Mission and programs · 2024

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 (SEE SCHEDULE O) IN MEMORIAL HOSPITAL'S SERVICE AREA NOW AND FOR GENERATIONS TO COME.

  • CAPITAL: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT FOR CAPITAL IMPROVEMENTS AT MEMORIAL HOSPITALS IN BELLEVILLE AND SHILOH, IL. CAPITAL IMPROVEMENTS INCLUDED THE EXPANSION OF THE SHILOH, IL CAMPUS REHABILITATION CENTER, REPLACEMENTS TO CRASH CART DEFIBRILLATORS, ULTRASOUND UNITS IN THE BREAST HEALTH CENTER, PRONE BREAST BOARDS IN RADIOLOGY AND SIMULATION MANIKINS.

    Expenses $2,346,408 · Grants $2,346,408

  • COMMUNITY SERVICE/OUTREACH: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT FOR COMMUNITY OUTREACH PROGRAMS AT LOCAL SCHOOLS AND NON-PROFITS IN THE PMMCI COMMUNITIES. FUNDS WERE AWARDED TO A LOCAL SCHOOL DISTRICT TO SUPPORT A CONSTRUCTION PROJECT FOR A LEARNING CAF THAT WILL ENABLE ALL STUDENTS, REGARDLESS OF ABILITY, WITH LIFE SKILLS TO FIND EMPLOYMENT. THE LARGEST SCHOOL DISTRICT IN THE SERVICE AREA WAS AWARDED FUNDS TO PROVIDE LOW INCOME FAMILIES WITH FREE SCHOOL PHYSICALS AND VACCINATIONS. A YOUTH-FOCUSED NON-PROFIT WAS AWARDED FUNDING TO PROVIDE PHYSICAL AND MENTAL WELLNESS ACTIVITIES FOR STUDENTS, REGARDLESS OF ABILITY TO PAY. A NON-PROFIT SUPPORTING VICTIMS OF SEXUAL ASSAULT WAS AWARDED FUNDING TO ENSUE VICTIMS DO NOT EXPERIENCE DISRUPTED SERVICES IN THEIR PHYSICAL AND MENTAL WELLNESS PROGRAMS. MEMORIAL FOUNDATION, INC. ALSO SUPPORTED "ART ON THE SQUARE", THE LARGEST PUBLIC EVENT HELD IN ST. CLAIR COUNTY WHERE THE FOUNDATION PROMOTED DIABETES PREVENTION AND HEALTHY LIVING CHOICES BY HOSTING HOSPITAL DIABETES EDUCATORS.

    Expenses $788,664 · Grants $788,664

  • PATIENT SUPPORT: MEMORIAL FOUNDATION, INC. PROVIDED CAR SEATS AND SAFE SLEEP SWADDLES FOR FAMILIES IN THE FAMILY BIRTHING CENTER. PATIENT SUPPORT WAS ALSO PROVIDED FOR COMPRESSION GARMENTS FOR LYMPHEDEMA PATIENTS AND GLUCOSE MONITORS AND STRIPS FOR THE DIABETES EDUCATION PROGRAM.

    Expenses $26,692 · Grants $26,692

  • EXTERNAL COMMUNITY, GENERAL OPERATIONS: MEMORIAL FOUNDATION, INC. PROVIDED SUPPORT TO HOSPITAL EMPLOYEES WHO WERE IN NEED OF FINANCIAL ASSISTANCE AND ASSISTANCE FOR MENTAL AND PHYSICAL WELLNESS PROGRAM FOR EMPLOYEES.

    Expenses $25,184 · Grants $25,184

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • McManus Michael

    PRESIDENT, DIRECTOR TERM 4/24

    Total calculated
    $495,659
    From this org
    $0
    From related orgs
    $478,126
    Other
    $17,533
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,336 related
    Bonus
    $0 + $254,511 related
    Other
    $0 + $60,279 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,533 related
    Filer's total
    $0 + $495,659 related

  • Graves Deborah

    PRESIDENT, DIRECTOR BEG 3/24

    Total calculated
    $456,008
    From this org
    $0
    From related orgs
    $409,212
    Other
    $46,796
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,709 related
    Bonus
    $0 + $35,000 related
    Other
    $0 + $1,503 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $46,796 related
    Filer's total
    $0 + $456,008 related

  • Olroyd Rebecca

    DIRECTOR

    Total calculated
    $11,321
    From this org
    $0
    From related orgs
    $11,298
    Other
    $23
    Hours/week
    1 + 12 related

  • Boyer Geri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ford Tyrone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harris Alan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hoering Edward

    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

  • Vanhook Eric

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wiley Gerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Weld Martha

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Guthrie Gary

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Koesterer Susan

    SECRETARY

    Total calculated
    $506,687
    From this org
    $0
    From related orgs
    $422,338
    Other
    $84,349
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,550 related
    Bonus
    $0 + $125,553 related
    Other
    $0 + $2,235 related
    Deferred
    $0 + $40,836 related
    Nontaxable benefits
    $0 + $43,513 related
    Filer's total
    $0 + $506,687 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 2024, 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 $120,321 KOESTERER, SUSAN $52,236 GRAVES, DEBORAH $37,875

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 INSTITUTE OF ST LOUIS LLC

    MEDICAL SERVICES · AL

  • THE REHABILITATION INSTITUTE 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

    SUPPORT SERVICES · MO

  • SAINT LUKE'S SURGICENTER-LEE'S SUMMIT LLC

    MEDICAL SERVICES · KS

  • MEDICAL PLAZA PARTNERS LP

    OWN & OPERATE MEDICAL OFFICE BUILDING · MO

  • SAINT LUKE'S - GI DIAGNOSTICS LLC

    MEDICAL SERVICES · MO

  • SAINT LUKE'S NORTH SURGERY CENTER LLC

    MEDICAL SERVICES · MO

  • SAINT LUKE'S RADIATION THERAPY-LIBERTY LLC

    MEDICAL SERVICES · MO

  • SAINT LUKE'S SOUTH SURGERY CENTER LLC

    MEDICAL SERVICES · KS

  • SAINT LUKE'S SOUTH PAIN MANAGEMENT CENTER LLC

    MEDICAL SERVICES · KS

  • KANSAS CITY ORTHPAEDIC INSTITUTE LLC

    MEDICAL SERVICES · KS

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

  • SAINT LUKES HEALTH SYSTEM RISK RETENTION GROUP

    C · INSURANCE · SC

  • ST LUKES HEALTH VENTURES INC

    C · ACCOUNTING · MO

  • MEDICAL PLAZA MANAGEMENT INC

    C · MEDICAL OFFICE BUILDING MANAGEMENT · MO

  • SAINT LUKES HEALTH SYSTEM INSURANCE LTD

    C · CAPTIVE · CJ

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349309475

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