Sparrow Foundation FY2021 filing

Tax-deductible

Lansing, MI501(c)(3)Since 1960Health CareEIN 38-6100687Revenue $7.8M in FY2021

On file with the IRSuofmhealthsparrow.org1215 E Michigan Ave, 48912-1811 · Lansing, MITax-exempt since May 1965Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Foundation is to operate for the benefit of and to carry out the purposes of the nonprofit and tax-exempt subsidiaries of umh- Sparrow health system, a michigan nonprofit corporation ("sole member"), and its mission to improve the health of the people in our community by providing quality, compassionate care to everyone, every time.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$281K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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 4
filings with a surplus
Average surplus $3.6M a year · 46% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$281K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $349K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$833K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 29 voting members
Looks good: 22 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
+60% vs prior year
Spent
$3.8M
To programs
55%
Net assets
$30.8M
By yearFY2020–FY2024
Revenue
$7.8M
FY2021▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$7.8M
FY2022$14.0M
FY2024$5.1M
FY2024$7.6M
Expenses
$3.8M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.8M
FY2022$4.5M
FY2024$5.6M
FY2024$4.8M
Net assets
$30.8M
FY2021▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020$21.4M
FY2021$30.8M
FY2022$35.4M
FY2024$36.6M
FY2024$39.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 1965.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $2.1M Management & general 24% · $901K Fundraising 21% · $792K

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

33 people listed on the 990; $281K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP Sparrow F
$278,518Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
Srvp/Cao/CIO
$0Pt VII · Sec A
VP Finance/T
$0Pt VII · Sec A
Former Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Michelle Reynaert’s $283K as Frmr VP Sprr is at the 87th percentile of top reported officer pay among 3128 $1–10M health care 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Michelle Reynaert$282,663$295,432$269,942$278,518$222,126
John Shaski$167,027————
Joy Wiseman$112,195$105,254$102,130——
Veronica Klem$86,978————
Russell Dawson$1,560$1,440$1,440——
Monique Field-Foster$1,560$1,440———
Tayo Moss$1,560————
Debbie Petersmark$1,560$1,440$1,440—$658

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Raises and distributes funds to support local healthcare services and provide emergency financial assistance to hospital caregivers in times of crisis.

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Provided by the organization

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2 programs · $2.1M · in their own filed words · FY2021
01

At the sparrow foundation, we foster and create strong community partnerships that help sparrow health system uphold its commitment to providing exceptional care close to home, no matter life's circumstances. For more than 60 years, the sparrow foundation has inspired philanthropy to strengthen the health of our communities.

$2.0Mprogram expense
02

The care for the caregivers fund of the sparrow foundation was established more than 30 years ago to support sparrow caregivers in crisis or who are experiencing a catastrophic need. In 2021, 199 requests for support were funded; 33 of the requests were related to the COVID-19 pandemic.

$118Kprogram 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
See all 8 funders →
Grants paid · 26 grants · $11.5M · 2020–2024
Sparrow Eaton HospitalMI · FY2024$110,342
Sparrow Carson HospitalMI · FY2024$108,399
Sparrow Clinton HospitalMI · FY2024$86,485
Unitemized GrantFY2024$82,627
Sparrow Ionia HospitalMI · FY2024$42,420
Sparrow Eaton HospitalMI · FY2023$196,562
Unitemized GrantFY2023$128,672
Sparrow Clinton HospitalMI · FY2023$54,321
Sparrow Ionia HospitalMI · FY2023$9,381
Unitemized GrantFY2022$167,967
Sparrow Eaton HospitalMI · FY2022$98,132
Sparrow Eaton HospitalMI · FY2022$84,315
Unitemized GrantFY2022$76,357
Sparrow Carson HospitalMI · FY2022$42,233
See all 26 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$2.4M
Money outPt IX
$3.8M
Ln 25
Programscol B$2.1M
Managementcol C$901K
Fundraisingcol D$792K
Owns and owesPt X
$30.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$31.6M
LiabilitiesLn 26$833K
PeoplePt VI, VII
33
listed · VII A
PaidVII A3
Voting boardVI 1a29
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Noncash giftsLn 1g$517K
Fundraising eventsLn 1c$739K
Investment incomeLn 3$2.4M
Gains on assetsLn 7$2.1M
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
CashLn 1$3.5M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$26.6M
Land, buildings, equipmentLn 10c$108K
Other assetsLn 15$161K
Total assetsLn 16$31.6M
LiabilitiesLn 26$833K
Net assetsLn 32$30.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY21End FY21
Cash and savingsLn 1–2$2.2M$3.5M
InvestmentsLn 11–13$19.8M$26.6M
Land, buildings, equipmentLn 10c$117K$108K
Total assetsLn 16$22.5M$31.6M
LiabilitiesLn 26$1.2M$833K
Net assetsLn 32$21.4M$30.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Grants to domestic individualsLn 2$118K$118K
Pay of current officers, directors and key staffLn 5$328K$262K$66K
Other salaries and wagesLn 7$593K$593K
Pension plan contributionsLn 8$52K$28K$25K
Other employee benefitsLn 9$112K$104K$8K
Payroll taxesLn 10$61K$60K$843
Investment management feesLn 11f$50K$50K
Other fees for servicesLn 11g$240K$140K$100K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
Conferences, conventions and meetingsLn 19$28K$28K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$361$361
Other expenses (24a–d)Ln 24$207K$207K
Total functional expensesLn 25$3.8M$2.1M$901K$792K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.1M$5.6M−$451K$36.6M 990 PDF
FY2023 Not on file
FY2022 $14.0M$4.5M$9.5M$35.4M 990 PDF
FY2021 Viewing $7.8M$3.8M$4.0M$30.8M 990 PDF
FY2020 $4.8M$3.4M$1.4M$21.4M 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 FY2021 990 (6 parts)
Part I · Summary $7,751,480 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,066,777$5,601,099
I-9 Program service revenue$0
I-10 Investment incomePrior year $908,410$2,377,741
I-11 Other revenuePrior year −$130,668−$227,360
I-12 Total revenuePrior year $4,844,519$7,751,480
I-13 Grants and similar amounts paidPrior year $2,032,013$2,100,454
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $945,371$1,145,719
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $442,703$547,073
I-18 Total expensesPrior year $3,420,087$3,793,246
I-19 Revenue less expensesPrior year $1,424,432$3,958,234
Part VI · Governance 22 of 29 board members independent, no flags
VI-1a Voting members of the governing body29
VI-1b Independent voting members22
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,751,480 across 10 lines filed
VIII-1a Federated campaigns$5,605
VIII-1c Fundraising events$739,452
VIII-1d Related organizations$77,073
VIII-1f All other contributions, gifts and grants$4,778,969
VIII-1g Noncash contributions (included above)$516,879
VIII-1h Total contributions, gifts and grants$5,601,099
VIII-3 Investment incomeExcluded from tax $279,471$279,471
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,098,270$2,098,270
VIII-8 Net income from fundraising eventsExcluded from tax −$227,360−$227,360
VIII-12 Total revenueExcluded from tax $2,150,381$7,751,480
Part IX · Statement of functional expenses $3,793,246 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,982,198$1,982,198
IX-2 Grants to domestic individualsPrograms $118,256$118,256
IX-5 Pay of current officers, directors and key staffManagement $262,214 · Fundraising $65,553$327,767
IX-7 Other salaries and wagesFundraising $592,574$592,574
IX-8 Pension plan contributionsManagement $27,756 · Fundraising $24,657$52,413
IX-9 Other employee benefitsManagement $104,018 · Fundraising $8,144$112,162
IX-10 Payroll taxesManagement $59,960 · Fundraising $843$60,803
IX-11f Investment management feesManagement $49,915$49,915
IX-11g Other fees for servicesManagement $139,711 · Fundraising $100,484$240,195
IX-12 Advertising and promotionManagement $1,750$1,750
IX-13 Office expensesManagement $7,049$7,049
IX-19 Conferences, conventions and meetingsManagement $27,648$27,648
IX-22 Depreciation, depletion and amortizationManagement $13,473$13,473
IX-23 InsuranceManagement $361$361
IX-24 Other expenses (24a–d)Management $206,682$206,682
IX-25 Total functional expensesPrograms $2,100,454 · Management $900,537 · Fundraising $792,255$3,793,246
Part X · Balance sheet $31,611,977 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,190,639$3,489,677
X-3 Pledges and grants receivableStart of year $260,115$1,273,982
X-10c Land, buildings and equipment, netStart of year $116,676$108,341
X-11 Publicly traded securitiesStart of year $19,237,767$24,278,826
X-12 Other securitiesStart of year $537,091$2,299,678
X-15 Other assetsStart of year $207,065$161,473
X-16 Total assetsStart of year $22,549,353$31,611,977
X-17 Accounts payable and accrued expensesStart of year $104,794$29,255
X-19 Deferred revenueStart of year $124,232$161,509
X-25 Other liabilitiesStart of year $928,674$641,905
X-26 Total liabilitiesStart of year $1,157,700$832,669
X-27 Net assets without donor restrictionsStart of year −$1,116,817−$93,437
X-28 Net assets with donor restrictionsStart of year $22,508,470$30,872,745
X-32 Total net assets or fund balancesStart of year $21,391,653$30,779,308
X-33 Total liabilities and net assetsStart of year $22,549,353$31,611,977
Part XI · Reconciliation of net assets $30,779,308 net assets at year end
XI-1 Total revenue$7,751,480
XI-2 Total expenses$3,793,246
XI-3 Revenue less expenses$3,958,234
XI-4 Net assets at start of year$21,391,653
XI-5 Net unrealized gains (losses) on investments$293,362
XI-9 Other changes in net assets$5,136,059
XI-10 Net assets at end of year$30,779,308

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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