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Huron Memorial Foundation FY2023 filing

Tax-deductible

Bad Axe, MI501(c)(3)Since 1990EIN 38-2717147

To help mclaren thumb region obtain financial resources to provide excellence in patient care and services.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $193K a year · 82% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3694 mo
of spending, in cash
Looks good: 3694.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$28K
-5% vs prior year
Spent
$1K
To programs
0%
Net assets
$347K
By yearFY2020–FY2024
Revenue
$28K
FY2023▼ -5%
Revenue by fiscal year
FY2020$77K
FY2021$1.0M
FY2022$29K
FY2023$28K
FY2024$12K
FY2024$4K
Expenses
$1K
FY2023▼ -82%
Expenses by fiscal year
FY2020$194K
FY2021$4K
FY2022$6K
FY2023$1K
FY2024$2K
FY2024$29K
Net assets
$347K
FY2023▼ -74%
Net assets by fiscal year
FY2020$284K
FY2021$1.3M
FY2022$1.3M
FY2023$347K
FY2024$357K
FY2024$333K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

What each dollar paid for.

Management & general 78% · $870 Fundraising 22% · $250

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Connie Koutouzos
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Donald Clark
Chairman
$0Pt VII · Sec A
Mimi Herrington
Vice-Chair
$0Pt VII · Sec A
Corinna Kranz
Foundation Coordinator
$0Pt VII · Sec A
Sue Roncka
Secretary
$0Pt VII · Sec A
William Mayes
Board Member
$0Pt VII · Sec A
Shelley Herrington
Board Member
$0Pt VII · Sec A
See Huron Memorial 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures funding to improve patient care and services in the McLaren Thumb Region.

Provided by the organization

This section is blank until Huron Memorial Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

To help mclaren thumb region obtain financial resources to provide excellence in patient care and services.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $59K · 2019–2019
Huron Memorial HospitalMI · FY2019$58,806

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$28K
Ln 12
Gifts and grantsLn 1h$19K
Other incomeLn 4–11$7K
Investment incomeLn 3$2K
Money outPt IX
$1K
Ln 25
Managementcol C$870
Fundraisingcol D$250
Owns and owesPt X
$347K
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$347K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Fundraising eventsLn 1c$18K
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$28K
Assets in detailPt X, end of year
SavingsLn 2$345K
Cash and savings togetherLn 1–2$345K
Total assetsLn 16$347K
LiabilitiesLn 26$0
Net assetsLn 32$347K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$1.3M$345K
Total assetsLn 16$1.3M$347K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.3M$347K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$580$580
Office expensesLn 13$290$290
Other expenses (24a–d)Ln 24$250$250
Total functional expensesLn 25$1K$0$870$250

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $12K$2K$10K$357K 990 PDF
FY2023 Viewing $28K$1K$27K$347K 990 PDF
FY2022 $29K$6K$23K$1.3M 990 PDF
FY2021 $1.0M$4K$1.0M$1.3M 990 PDF
FY2020 $77K$194K−$117K$284K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $27,739 across 6 lines filed
Lines not itemized here account for $7,244 of total revenue; see the IRS return.
VIII-1c Fundraising events$18,357
VIII-1f All other contributions, gifts and grants$244
VIII-1h Total contributions, gifts and grants$18,601
VIII-3 Investment incomeExcluded from tax $2,079$2,079
VIII-8 Net income from fundraising eventsExcluded from tax −$185−$185
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,138$27,739
Part IX · Statement of functional expenses $1,120 across 3 lines filed
IX-12 Advertising and promotionManagement $580$580
IX-13 Office expensesManagement $290$290
IX-24 Other expenses (24a–d)Fundraising $250$250
IX-25 Total functional expensesPrograms $0 · Management $870 · Fundraising $250$1,120
Part X · Balance sheet $347,477 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,327,808$344,770
X-4 Accounts receivable$2,707
X-16 Total assetsStart of year $1,327,808$347,477
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $150,401$175,020
X-28 Net assets with donor restrictionsStart of year $1,177,407$172,457
X-32 Total net assets or fund balancesStart of year $1,327,808$347,477
X-33 Total liabilities and net assetsStart of year $1,327,808$347,477
Part XI · Reconciliation of net assets $347,477 net assets at year end
XI-1 Total revenue$27,739
XI-2 Total expenses$1,120
XI-3 Revenue less expenses$26,619
XI-4 Net assets at start of year$1,327,808
XI-9 Other changes in net assets−$1,006,950
XI-10 Net assets at end of year$347,477

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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