Promedica Foundation

Tax-deductible

Toledo, OH501(c)(3)Since 1986Public & Societal BenefitEIN 34-1517672

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The Promedica foundation's mission is to generate and direct the utilization of resources to enrich existing programs and fund new services, inspiring excellent in the provision of health care and enhancing quality of life for the people of our community.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.7M a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $72K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.4M
+95% vs prior year
Spent
$19.3M
To programs
69%
Net assets
$388.6M
By yearFY2020–FY2024
Revenue
$32.4M
FY2024▲ +95%
Revenue by fiscal year
FY2020$24.2M
FY2021$33.9M
FY2022$21.5M
FY2023$16.6M
FY2024$32.4M
Expenses
$19.3M
FY2024▼ -23%
Expenses by fiscal year
FY2020$23.1M
FY2021$20.8M
FY2022$21.9M
FY2023$25.1M
FY2024$19.3M
Net assets
$388.6M
FY2024▲ +15%
Net assets by fiscal year
FY2020$382.3M
FY2021$406.5M
FY2022$330.6M
FY2023$338.5M
FY2024$388.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $13.4M Management & general 18% · $3.4M Fundraising 13% · $2.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President/Chief Philanthropy Officer
$0Pt VII · Sec A
Trustee/Chief Administrative Officer
$0Pt VII · Sec A
President - Part Year
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee/CEO
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
Secretary/Chief Legal Officer
$0Pt VII · Sec A

Dasa Dzierwa’s $165K as Associate VP Finance is at the 13th percentile of top reported officer pay among 233 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Promedica Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises and distributes funds to support medical care, education, research, and community health initiatives that improve local healthcare quality and well-being.

Provided by the organization

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1 program · $13.4M · in their own filed words · FY2024
01

Promote health and well-being with support for medical care, medical education, medical research, and social determinants of health, and by soliciting contributions, providing grants, and investing funds to generate income to support promedica health system, inc. Entities.

$13.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$72K
Grants paid · 84 grants · $57.0M · 2020–2024
The Toledo HospitalFY2024$7,488,152
Promedica Health System INCOH · FY2024$1,936,000
YWCA of Northwest OhioOH · FY2024$907,119
Emma L Bixby Medical CenterOH · FY2024$681,868
Kaitlyn's Cottage INCOH · FY2024$349,770
Memorial HospitalOH · FY2024$288,556
Hope ToledoOH · FY2024$244,493
Unitemized GrantFY2024$222,937
Fostoria Hospital AssociationOH · FY2024$126,721
Defiance Hospital INCOH · FY2024$103,048
Imagination StationOH · FY2024$100,000
Bay Park Community HospitalOH · FY2024$69,006
Hcr Manorcare INCOH · FY2024$55,218
Lutheran Homes Society INCOH · FY2024$42,680
See all 84 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$32.4M
Ln 12
Gifts and grantsLn 1h$26.8M
Investment incomeLn 3$5.8M
Money outPt IX
$19.3M
Ln 25
Programscol B$13.4M
Managementcol C$3.4M
Fundraisingcol D$2.6M
Owns and owesPt X
$388.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$392.8M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26.8M
Noncash giftsLn 1g$219K
Fundraising eventsLn 1c$920K
Investment incomeLn 3$5.8M
Gains on assetsLn 7$3.7M
Total revenueLn 12$32.4M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$342.7M
Land, buildings, equipmentLn 10c$346K
Other assetsLn 15$37.8M
Total assetsLn 16$392.8M
LiabilitiesLn 26$4.2M
Net assetsLn 32$388.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$818K$1.4M
InvestmentsLn 11–13$311.2M$342.7M
Land, buildings, equipmentLn 10c$1.9M$346K
Total assetsLn 16$359.9M$392.8M
LiabilitiesLn 26$21.4M$4.2M
Net assetsLn 32$338.5M$388.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.1M$13.1M
Grants to domestic individualsLn 2$223K$223K
Other salaries and wagesLn 7$1.3M$117K$1.2M
Pension plan contributionsLn 8$31K$3K$28K
Other employee benefitsLn 9$166K$18K$148K
Payroll taxesLn 10$116K$12K$104K
Professional fundraising feesLn 11e$129K$129K
Investment management feesLn 11f$791K$791K
Other fees for servicesLn 11g$210K$210K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$63K$63K
Information technologyLn 14$1K$1K
OccupancyLn 16$17K$17K
TravelLn 17$31K$31K
InterestLn 20$182K$182K
InsuranceLn 23$1.8M$1.8M
Other expenses (24a–d)Ln 24$1.0M$328K$695K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$19.3M$13.4M$3.4M$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $32.4M$19.3M$13.1M$388.6M 990 PDF
FY2023 $16.6M$25.1M−$8.5M$338.5M 990 PDF
FY2022 $21.5M$21.9M−$372K$330.6M 990 PDF
FY2021 $33.9M$20.8M$13.1M$406.5M 990 PDF
FY2020 $24.2M$23.1M$1.1M$382.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $32,387,903 across 10 lines filed
VIII-1c Fundraising events$920,168
VIII-1d Related organizations$2,241,885
VIII-1f All other contributions, gifts and grants$23,604,700
VIII-1g Noncash contributions (included above)$218,923
VIII-1h Total contributions, gifts and grants$26,766,753
VIII-3 Investment incomeExcluded from tax $2,036,595$2,036,595
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,744,097$3,744,097
VIII-8 Net income from fundraising eventsExcluded from tax −$159,545−$159,545
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3$3
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,621,150$32,387,903
Part IX · Statement of functional expenses $19,302,765 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $13,128,372$13,128,372
IX-2 Grants to domestic individualsPrograms $222,937$222,937
IX-7 Other salaries and wagesManagement $117,031 · Fundraising $1,204,679$1,321,710
IX-8 Pension plan contributionsManagement $3,349 · Fundraising $27,947$31,296
IX-9 Other employee benefitsManagement $17,735 · Fundraising $147,994$165,729
IX-10 Payroll taxesManagement $12,457 · Fundraising $103,946$116,403
IX-11e Professional fundraising feesFundraising $128,516$128,516
IX-11f Investment management feesManagement $791,143$791,143
IX-11g Other fees for servicesFundraising $210,322$210,322
IX-12 Advertising and promotionManagement $21,799$21,799
IX-13 Office expensesManagement $62,609$62,609
IX-14 Information technologyManagement $1,401$1,401
IX-16 OccupancyManagement $16,854$16,854
IX-17 TravelFundraising $31,225$31,225
IX-20 InterestManagement $181,833$181,833
IX-23 InsuranceManagement $1,834,483$1,834,483
IX-24 Other expenses (24a–d)Management $328,105 · Fundraising $695,449$1,023,554
IX-24e All other expensesManagement $12,579$12,579
IX-25 Total functional expensesPrograms $13,351,309 · Management $3,401,378 · Fundraising $2,550,078$19,302,765
Part X · Balance sheet $392,846,170 assets, 17 lines filed
Asset lines not itemized here account for $1,484,852; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $818,342$1,361,021
X-3 Pledges and grants receivableStart of year $8,750,314$8,996,756
X-4 Accounts receivableStart of year $12,380$0
X-9 Prepaid expenses and deferred chargesStart of year $0$56,138
X-10c Land, buildings and equipment, netStart of year $1,871,250$346,250
X-11 Publicly traded securitiesStart of year $310,066,871$342,591,030
X-12 Other securitiesStart of year $1,109,184$122,787
X-14 Intangible assetsStart of year $331,442$49,600
X-15 Other assetsStart of year $35,338,053$37,837,736
X-16 Total assetsStart of year $359,883,093$392,846,170
X-17 Accounts payable and accrued expensesStart of year $385,618$395,718
X-25 Other liabilitiesStart of year $21,031,004$3,829,624
X-26 Total liabilitiesStart of year $21,416,622$4,225,342
X-27 Net assets without donor restrictionsStart of year $208,806,545$258,960,902
X-28 Net assets with donor restrictionsStart of year $129,659,926$129,659,926
X-32 Total net assets or fund balancesStart of year $338,466,471$388,620,828
X-33 Total liabilities and net assetsStart of year $359,883,093$392,846,170
Part XI · Reconciliation of net assets $388,620,828 net assets at year end
XI-1 Total revenue$32,387,903
XI-2 Total expenses$19,302,765
XI-3 Revenue less expenses$13,085,138
XI-4 Net assets at start of year$338,466,471
XI-5 Net unrealized gains (losses) on investments$22,289,561
XI-9 Other changes in net assets$14,779,658
XI-10 Net assets at end of year$388,620,828

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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