Greene Foundation EIN 31-0886949 Form 990 (PDF) Claim this org

Greene Foundation

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Helps donors fulfill wishes and efficiently channel gifts to local hospitals and programs. For fiscal year 2024 it reported $322K in revenue, $433K in expenses, and $3.6M in net assets.Pt I

Type
Public charity (501(c)(3)) · Hospitals
Location
Miamisburg, OH
Website
www.ketteringhealth.org
Filings
5 on file (2020–2024)
Revenue
$322KFY2024
Expenses
$433K
Net assets
$3.6M
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-0886949 Public charity (501(c)(3)) Miamisburg, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps donors fulfill wishes and efficiently channel gifts to local hospitals and programs.
Leadership
Karen Church · Director
Money in and out
$322K revenue, $433K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$433K
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program efficiency
88%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
93.7mo
months of highly liquid reserves at operating expense rate▲ +65% vs prior filing year
Surplus margin
-35%
revenue over expenses, this year▲ +74% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$322K
FY2024▲ +4%
Expenses
$433K
FY2024▼ -41%
Total assets
$3.6M
FY2024▼ -1%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$322K
Pt VIII · Ln 12
Total expenses
$433K
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$3.6M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreene Foundation
EINHdr · item D31-0886949
Principal addressHdr · item CMiamisburg, OH
WebsiteHdr · item Jwww.ketteringhealth.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22I)
Ruling yearIRS BMFMar 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $381K of program spending, described in the organization's own filed words · FY2024.
01

Greene foundation contributed $247,469 throughout the year to support greene memorial hospital inc, beavercreek medical center, and their affiliated programs and facilities. The total amount includes $94,483 for equipment purchases and building upgrades and $152,986 for operational support.

$381Kprogram expense

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Statement of Revenue

Part VIII
Investment income$179K · 56%
Contributions & grants$154K · 48%
Investment income56%$179K
Contributions & grants48%$154K
Total revenueLn 12$322K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.07 Fundraising $0.05
Program services88%$381K
Management & general7%$30K
Fundraising5%$22K
Total functional expensesLn 25$433K

Balance Sheet

Part X · end of year
CashLn 1$606K
Total assetsLn 16$3.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.6M
Months of cash on handcomputed16.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses/yr $433K
93.7 months
Where the money goes
Program services
Program services $381K · Total expenses $433K
88%
Management & General
Management & general $30K · Total expenses $433K
7%
Fundraising
Fundraising $22K · Total expenses $433K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $183K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $322K
48%
Government reliance
Government grants — · Total revenue $322K
Earned-income share
Program service revenue $0 · Total revenue $322K
0%
Investment reliance
Investment income $179K · Total revenue $322K
+56%
Program self-sufficiency
Program service revenue $0 · Total expenses $433K
0%
Growth & trend
Revenue growth (YoY)
This year $322K · Prior year $309K
+4%
Revenue CAGR
FY2020 $385K · FY2024 $322K
-4%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $322K · Expenses $433K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $3.6M
Net-asset ratio
Net assets $3.6M · Total assets $3.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.6M
77%
People & payroll
Highest Reported Total Compensation
Individual Karen Church · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $433K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $433K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 7%
Fundraising cost ratio 14%
Revenue growth 4%
Investment management fee ratio 0.1%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$17K
Grants paid · 10 grants · $1.5M · 2020–2024
Beavercreek Medical CenterOH · FY2024$184,576
Greene Memorial Hospital INCOH · FY2024$60,894
Beavercreek Medical CenterOH · FY2023$231,497
Greene Memorial Hospital INCOH · FY2023$59,926
Beavercreek Medical CenterOH · FY2022$275,867
Greene Memorial Hospital INCOH · FY2022$77,636
Beavercreek Medical CenterOH · FY2021$325,236
Greene Memorial Hospital INCOH · FY2021$91,565
Greene Memorial Hospital INCOH · FY2020$125,546
Beavercreek Medical CenterOH · FY2020$72,415

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$322K revenue · viewing · ⤓ 990 PDF
FY2023$309K revenue · ⤓ 990 PDF
FY2022$246K revenue · ⤓ 990 PDF
FY2021$452K revenue · ⤓ 990 PDF
FY2020$385K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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