Memorial Foundation INC FY2020 filing

Tax-deductible

Aurora, NE501(c)(3)UnclassifiedEIN 36-3819764Revenue $674K in FY2020

On file with the IRS1423 7th St, 68818-1141 · Aurora, NETax-exempt since Oct 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Support of the tax exempt health care entity

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

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $447K a year · 75% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
61 mo
of spending, in cash
Looks good: 61.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $161K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$674K
Spent
$308K
To programs
100%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$674K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$674K
FY2021$1.4M
FY2022$284K
FY2023$219K
FY2024$365K
FY2025$604K
Expenses
$308K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$308K
FY2021$157K
FY2022$9K
FY2023$94K
FY2024$193K
FY2025$140K
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$4.4M
FY2022$4.3M
FY2023$4.6M
FY2024$5.6M
FY2025$6.5M

From the FY2020 Form 990 (year ending September 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $308K Fundraising 0% · $864

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Memorial Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid to tax-exempt healthcare providers.

Provided by the organization

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1 program · $308K · in their own filed words · FY2019
01

The hospital, nursing home, physician clinic and assisted living facility supported offers primary health care to approximately 15,000 residents of hamilton, clay and surrounding counties in rural nebraska.

$308Kprogram 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
Total grants receivedfrom 2 funders$161K
Grants paid · 15 grants · $859K · 2019–2024
McHiNE · FY2024$76,822
McHiNE · FY2024$22,800
McHiNE · FY2024$18,368
McHiNE · FY2024$11,982
McHiNE · FY2023$77,648
McHiNE · FY2023$73,830
EpvNE · FY2023$32,547
McHiNE · FY2022$75,966
McHiNE · FY2022$8,695
McHiNE · FY2020$131,443
McCNE · FY2020$23,065
McHiNE · FY2019$268,358
McHiNE · FY2019$17,259
McHiNE · FY2019$13,407
Unitemized GrantFY2019$6,702

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$674K
Ln 12
Gifts and grantsLn 1h$631K
Investment incomeLn 3$43K
Money outPt IX
$308K
Ln 25
Programscol B$308K
Fundraisingcol D$864
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$631K
Investment incomeLn 3$43K
Total revenueLn 12$674K
Assets in detailPt X, end of year
CashLn 1$290K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$1.3M
Other assetsLn 15$45K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$1.6M
InvestmentsLn 11–13$1.1M$1.3M
Total assetsLn 16$2.4M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$301K$301K
Grants to domestic individualsLn 2$7K$7K
Other expenses (24a–d)Ln 24$914$50$864
Total functional expensesLn 25$308K$308K$0$864

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $604K$140K$464K$6.5M 990 PDF
FY2024 $365K$193K$173K$5.6M 990 PDF
FY2023 $219K$94K$125K$4.6M 990 PDF
FY2022 $284K$9K$275K$4.3M 990 PDF
FY2021 $1.4M$157K$1.3M$4.4M 990 PDF
FY2020 Viewing $674K$308K$366K$2.9M 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 FY2020 990 (6 parts)
Part I · Summary $674,114 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $176,294$631,494
I-9 Program service revenue$0
I-10 Investment incomePrior year $46,554$42,620
I-11 Other revenuePrior year $9,373$0
I-12 Total revenuePrior year $232,221$674,114
I-13 Grants and similar amounts paidPrior year $38,028$307,512
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20$914
I-18 Total expensesPrior year $38,048$308,426
I-19 Revenue less expensesPrior year $194,173$365,688
Part VI · Governance 6 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $674,114 across 4 lines filed
VIII-1f All other contributions, gifts and grants$631,494
VIII-1h Total contributions, gifts and grants$631,494
VIII-3 Investment incomeExcluded from tax $42,620$42,620
VIII-12 Total revenueExcluded from tax $42,620$674,114
Part IX · Statement of functional expenses $308,426 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $300,810$300,810
IX-2 Grants to domestic individualsPrograms $6,702$6,702
IX-24 Other expenses (24a–d)Programs $50 · Fundraising $864$914
IX-25 Total functional expensesPrograms $307,562 · Management $0 · Fundraising $864$308,426
Part X · Balance sheet $2,879,083 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $116,676$289,801
X-2 Savings and temporary cash investmentsStart of year $1,120,980$1,282,119
X-11 Publicly traded securitiesStart of year $1,118,331$1,262,034
X-15 Other assetsStart of year $37,228$45,129
X-16 Total assetsStart of year $2,393,215$2,879,083
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,367,189$1,854,896
X-28 Net assets with donor restrictionsStart of year $1,026,026$1,024,187
X-32 Total net assets or fund balancesStart of year $2,393,215$2,879,083
X-33 Total liabilities and net assetsStart of year $2,393,215$2,879,083
Part XI · Reconciliation of net assets $2,879,083 net assets at year end
XI-1 Total revenue$674,114
XI-2 Total expenses$308,426
XI-3 Revenue less expenses$365,688
XI-4 Net assets at start of year$2,393,215
XI-5 Net unrealized gains (losses) on investments$120,180
XI-10 Net assets at end of year$2,879,083

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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