Memorial Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 59-2082218)

Raises philanthropic funds to support Memorial Healthcare System in providing quality, compassionate healthcare and financial assistance to patients, regardless of their ability to pay.

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3 programs · $2.0M · in their own filed words · FY2021

01

Provide funding for educational, therapeutic and recreational activities to patients of South Broward Hospital District.

$1.7Mprogram expense

02

Provide funding to South Broward Hospital District to purchase medical equipment and make renovations.

$140Kprogram expense

03

Provide funding for healthcare services for medical research.

$110Kprogram 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 · FY2025

Florida Heart Research Foundation INCFY2025$20K

The Ayco Charitable FoundationFY2025$10K

Not My Daughter INCFY2025$10K

Pledge the Pink FoundationFY2025$5K

Total grants receivedfrom 4 funders$45K

See all 4 funders →

Grants paid · 10 grants · $25.5M · 2020–2024

South Broward Hospital DistrictFL · FY2024$9,969,530

Unitemized GrantFY2024$217,614

South Broward Hospital DistrictFL · FY2023$7,560,130

Unitemized GrantFY2023$196,195

South Broward Hospital DistrictFL · FY2022$1,721,177

Unitemized GrantFY2022$133,266

South Broward Hospital DistrictFL · FY2021$1,981,753

Unitemized GrantFY2021$62,260

South Broward Hospital DistrictFL · FY2020$3,665,226

Unitemized GrantFY2020$30,183

By the numbers

The FY2021 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$5.1M

Ln 12

Gifts and grantsLn 1h$4.7M

Investment incomeLn 3$390K

Other incomeLn 4–11$19K

Money outPt IX

$2.4M

Ln 25

Programscol B$2.0M

Managementcol C$243K

Fundraisingcol D$93K

Owns and owesPt X

$31.1M

net assets · Ln 32

Cash and savingsLn 1–2$5.4M

Total assetsLn 16$31.9M

LiabilitiesLn 26$779K

PeoplePt VI, VII

43

listed · VII A

PaidVII A0

Voting boardVI 1a39

IndependentVI 1b39

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.7M

Noncash giftsLn 1g$50K

Fundraising eventsLn 1c$112K

Investment incomeLn 3$390K

Other incomeLn 4–11$19K

Gains on assetsLn 7−$60K

Total revenueLn 12$5.1M

Assets in detailPt X, end of year

CashLn 1$4.0M

SavingsLn 2$1.4M

Cash and savings togetherLn 1–2$5.4M

InvestmentsLn 11–13$24.7M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$600K

Total assetsLn 16$31.9M

LiabilitiesLn 26$779K

Net assetsLn 32$31.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6100

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$24.2M	$5.4M
InvestmentsLn 11–13	$446K	$24.7M
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$26.4M	$31.9M
LiabilitiesLn 26	$1.1M	$779K
Net assetsLn 32	$25.3M	$31.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$2.0M	$2.0M
Grants to domestic individualsLn 2	$62K	$62K
Accounting feesLn 11c	$4K		$4K
Investment management feesLn 11f	$81K		$81K
Other fees for servicesLn 11g	$161K		$115K	$46K
Office expensesLn 13	$82K		$36K	$46K
TravelLn 17	$985		$985
Other expenses (24a–d)Ln 24	$6K		$5K	$400
Total functional expensesLn 25	$2.4M	$2.0M	$243K	$93K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$6.9M	$10.7M	−$3.8M	$54.2M	990 PDF
FY2023	$5.3M	$8.3M	−$3.0M	$36.8M	990 PDF
FY2022	$3.5M	$2.4M	$1.2M	$32.4M	990 PDF
FY2021 Viewing	$5.1M	$2.4M	$2.7M	$31.1M	990 PDF
FY2020	$3.7M	$4.0M	−$307K	$25.3M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $5,100,992 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,118,811$4,692,001

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $600,268$390,076

I-11 Other revenuePrior year −$10,817$18,915

I-12 Total revenuePrior year $3,708,262$5,100,992

I-13 Grants and similar amounts paidPrior year $3,695,409$2,044,013

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 $319,697$335,546

I-18 Total expensesPrior year $4,015,106$2,379,559

I-19 Revenue less expensesPrior year −$306,844$2,721,433

Part VI · Governance 39 of 39 board members independent, 2 to look at

VI-1a Voting members of the governing body39

VI-1b Independent voting members39

VI-13 Written whistleblower policyNo

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-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $5,100,992 across 9 lines filed

VIII-1a Federated campaigns$872,846

VIII-1c Fundraising events$112,057

VIII-1f All other contributions, gifts and grants$3,707,098

VIII-1g Noncash contributions (included above)$50,042

VIII-1h Total contributions, gifts and grants$4,692,001

VIII-3 Investment incomeExcluded from tax $449,656$449,656

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$59,580−$59,580

VIII-8 Net income from fundraising eventsExcluded from tax $18,915$18,915

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $408,991$5,100,992

Part IX · Statement of functional expenses $2,379,559 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $1,981,753$1,981,753

IX-2 Grants to domestic individualsPrograms $62,260$62,260

IX-11c Accounting feesManagement $4,305$4,305

IX-11f Investment management feesManagement $80,842$80,842

IX-11g Other fees for servicesManagement $115,341 · Fundraising $46,089$161,430

IX-13 Office expensesManagement $35,980 · Fundraising $46,307$82,287

IX-17 TravelManagement $985$985

IX-24 Other expenses (24a–d)Management $5,297 · Fundraising $400$5,697

IX-25 Total functional expensesPrograms $2,044,013 · Management $242,750 · Fundraising $92,796$2,379,559

Part X · Balance sheet $31,871,662 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $1,075,391$3,972,763

X-2 Savings and temporary cash investmentsStart of year $23,153,834$1,434,003

X-3 Pledges and grants receivableStart of year $1,688,084$1,056,992

X-9 Prepaid expenses and deferred chargesStart of year $22,441$93,164

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $445,566$24,714,740

X-15 Other assetsStart of year $3,182$600,000

X-16 Total assetsStart of year $26,388,498$31,871,662

X-17 Accounts payable and accrued expensesStart of year $219,961$125,412

X-25 Other liabilitiesStart of year $841,565$653,521

X-26 Total liabilitiesStart of year $1,061,526$778,933

X-27 Net assets without donor restrictionsStart of year $10,764,780$14,361,041

X-28 Net assets with donor restrictionsStart of year $14,562,192$16,731,688

X-32 Total net assets or fund balancesStart of year $25,326,972$31,092,729

X-33 Total liabilities and net assetsStart of year $26,388,498$31,871,662

Part XI · Reconciliation of net assets $31,092,729 net assets at year end

XI-1 Total revenue$5,100,992

XI-2 Total expenses$2,379,559

XI-3 Revenue less expenses$2,721,433

XI-4 Net assets at start of year$25,326,972

XI-5 Net unrealized gains (losses) on investments$544,324

XI-9 Other changes in net assets$2,500,000

XI-10 Net assets at end of year$31,092,729

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

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Memorial Foundation INC FY2021 filing

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