Sparrow Foundation FY2022 filing

Tax-deductible

Lansing, MI501(c)(3)Since 1960Health CareEIN 38-6100687Revenue $14.0M in FY2022

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.
48¢ of each $1 spent went to programs.
$380K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$380K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
32 mo
of spending, in cash
Looks good: 31.8 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
$1.5M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 27 voting members
Looks good: 21 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.0M
+81% vs prior year
Spent
$4.5M
To programs
48%
Net assets
$35.4M
By yearFY2020–FY2024
Revenue
$14.0M
FY2022▲ +81%
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
$4.5M
FY2022▲ +19%
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
$35.4M
FY2022▲ +15%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

48 cents of each dollar spent went to programs.

Program services 48% · $2.1M Management & general 31% · $1.4M Fundraising 21% · $965K

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

60 people listed on the 990; $380K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP Sparrow F
$269,942Pt VII · Sec A
Special Gift
$102,130Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
$1,440Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
Board Member
$1,440Pt VII · Sec A
Board Member
$720Pt 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.

See Sparrow 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 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.

Provided by the organization

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4 programs · $2.7M · in their own filed words · FY2022
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

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.

$503Kprogram expense
03

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 2022, 164 requests for support were funded.

$168Kprogram expense
04

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. For the period ended 6/30/2023 89 requests for support were funded.

$76Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$14.0M
Ln 12
Gifts and grantsLn 1h$12.3M
Investment incomeLn 3$1.9M
Money outPt IX
$4.5M
Ln 25
Programscol B$2.1M
Managementcol C$1.4M
Fundraisingcol D$965K
Owns and owesPt X
$35.4M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$36.9M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
60
listed · VII A
PaidVII A8
Voting boardVI 1a27
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.3M
Investment incomeLn 3$1.9M
Total revenueLn 12$14.0M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$11.9M
Total assetsLn 16$36.9M
LiabilitiesLn 26$1.5M
Net assetsLn 32$35.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.1M$5.6M−$451K$36.6M 990 PDF
FY2023 Not on file
FY2022 Viewing $14.0M$4.5M$9.5M$35.4M 990 PDF
FY2021 $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 FY2022 990 (1 part)
Part VI · Governance 21 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members21
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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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