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Lima Memorial Foundation

Tax-deductible

Lima, OH501(c)(3) EIN 34-1707570Revenue $2.3M in FY2024Latest return filed Oct 29, 2025

On file with the IRSLima, OHTax-exempt since Jan 1993Supporting organization — 509(a)(3)

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The mission of the Lima Memorial Foundation is to provide quality health care through philanthropy to the communities which Lima Memorial health system serves.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1707570) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 75 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.0M a year · 95% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
12.9 mo
of spending, in cash
Plus $11.5M in investments, Pt X · Ln 11–13
12.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $73K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$18K
0.1% of total assets
Liabilities are 0.1% of assets.
Pt X · Ln 26
Independent board members
17
of 19 voting members
17 of 19 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.3M
+13% vs prior year
Spent
$150K
To programs
93%
Net assets
$11.8M
By yearFY2020–FY2024
Revenue
$2.3M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.4M
FY2022$2.1M
FY2023$2.0M
FY2024$2.3M
Expenses
$150K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$65K
FY2021$68K
FY2022$108K
FY2023$137K
FY2024$150K
Net assets
$11.8M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.1M
FY2021$10.4M
FY2022$8.3M
FY2023$9.9M
FY2024$11.8M

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

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1993.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $140K Management & general 7% · $10K

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

Something off? Claim to add context

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Swick
Board Member/Lmh CEO
$0Pt VII · Sec A
Lynn Carpenter
VP/Lmh COO
$0Pt VII · Sec A
Scott Shutt
Board Member
$0Pt VII · Sec A
Steve Romey
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Weichart
Board Member
$0Pt VII · Sec A
Russ Decker
Board Member
$0Pt VII · Sec A
David Harsh
Board Member
$0Pt VII · Sec A
See Lima Memorial Foundation executive salaries →

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

Funds quality healthcare for communities served by Lima Memorial Health System.

Questions for Lima Memorial Foundation

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1 program · $140K · in their own filed words · FY2024
01

The corporation was organized to operate exclusively for charitable and educational purposes. Specifically, to assist LMH in providing quality health care to the community which it serves.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1707570) · Dispute this line
$140Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$25K
Lima Memorial Professional CorporationFY2024$20K
Lima Memorial Joint Operating CompanyFY2024$10K
Donor Advised Charitable Giving INCFY2024$8K
American Online Giving Foundation INCFY2024$8K
Premier Bank FoundationFY2024$3K
Total grants receivedfrom 6 funders$73K
See all 6 funders →
Grants paid · 5 grants · $450K · 2020–2024
Unitemized GrantFY2024$139,500
Unitemized GrantFY2023$105,000
Unitemized GrantFY2022$93,000
Unitemized GrantFY2021$58,000
Unitemized GrantFY2020$54,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$462K
Money outPt IX
$150K
Ln 25
Programscol B$140K
Managementcol C$10K
Owns and owesPt X
$11.8M
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$11.8M
LiabilitiesLn 26$18K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Noncash giftsLn 1g$136K
Fundraising eventsLn 1c$601K
Investment incomeLn 3$462K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$161K
Pledges and grants receivableLn 3$56K
InvestmentsLn 11–13$11.5M
Other assetsLn 15$9K
Total assetsLn 16$11.8M
LiabilitiesLn 26$18K
Net assetsLn 32$11.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$136K
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$565K$410K$356K$340K$287K
AddedLn 1b$100K$20$50K$51K
SpentLn 1d–1f$642$466$738$153
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$395K$161K
InvestmentsLn 11–13$9.2M$11.5M
Total assetsLn 16$9.9M$11.8M
LiabilitiesLn 26−$2K$18K
Net assetsLn 32$9.9M$11.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$140K$140K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$150K$140K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 29, 2025 $2.3M$150K$2.1M$11.8M 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $2.0M$137K$1.9M$9.9M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $2.1M$108K$2.0M$8.3M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $2.4M$68K$2.3M$10.4M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $1.7M$65K$1.7M$9.1M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations
See the full FY2024 990
Part I · Summary $2,294,257 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,929,953$1,977,080
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $266,526$461,716
I-11 Other revenuePrior year −$158,385−$144,539
I-12 Total revenuePrior year $2,038,094$2,294,257
I-13 Grants and similar amounts paidPrior year $105,000$139,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,793$10,337
I-18 Total expensesPrior year $136,793$149,837
I-19 Revenue less expensesPrior year $1,901,301$2,144,420
Part VI · Governance 17 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,294,257 across 8 lines filed
VIII-1c Fundraising events$600,503
VIII-1d Related organizations$15,000
VIII-1f All other contributions, gifts and grants$1,361,577
VIII-1g Noncash contributions (included above)$135,652
VIII-1h Total contributions, gifts and grants$1,977,080
VIII-3 Investment incomeExcluded from tax $461,716$461,716
VIII-8 Net income from fundraising eventsExcluded from tax −$144,539−$144,539
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $317,177$2,294,257
Part IX · Statement of functional expenses $149,837 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $139,500$139,500
IX-24 Other expenses (24a–d)Management $10,337$10,337
IX-25 Total functional expensesPrograms $139,500 · Management $10,337 · Fundraising $0$149,837
Part X · Balance sheet $11,768,320 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $344,706$132,851
X-2 Savings and temporary cash investmentsStart of year $50,252$28,211
X-3 Pledges and grants receivableStart of year $202,532$55,614
X-12 Other securitiesStart of year $9,245,860$11,543,119
X-15 Other assetsStart of year $7,903$8,525
X-16 Total assetsStart of year $9,851,253$11,768,320
X-17 Accounts payable and accrued expensesStart of year −$2,334$17,572
X-26 Total liabilitiesStart of year −$2,334$17,572
X-27 Net assets without donor restrictionsStart of year $8,968,626$10,884,926
X-28 Net assets with donor restrictionsStart of year $884,961$865,822
X-32 Total net assets or fund balancesStart of year $9,853,587$11,750,748
X-33 Total liabilities and net assetsStart of year $9,851,253$11,768,320
Part XI · Reconciliation of net assets $11,750,748 net assets at year end
XI-1 Total revenue$2,294,257
XI-2 Total expenses$149,837
XI-3 Revenue less expenses$2,144,420
XI-4 Net assets at start of year$9,853,587
XI-5 Net unrealized gains (losses) on investments$687,684
XI-9 Other changes in net assets−$934,943
XI-10 Net assets at end of year$11,750,748

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

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