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Corewell Health

Public charity
Other · GRAND RAPIDS, MI · EIN 38-1459362

About

William Beaumont Hospital will provide the highest quality healthcare service to all of our patients efficiently, effectively and compassionately, regardless of where they live or their financial circumstances.

Donations are tax-deductible
Category
Other
Employees
27,132
Volunteers
2,218

Financial Snapshot

FY ending 2019-12-31
Revenue
$2.9B
Expenses
$2.7B
Assets
$4.1B
Liabilities
$2.2B

Financial history

$3.0B$1.5B$0
16171819
RevenueExpenses
Latest FY2019: $2.9B · Peak FY2018: $3.0B · Avg: $2.9B

Foreign activity (Schedule F)

Total spent abroad$120K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
Central America and the Caribbean——

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
—
Lobbying
$229K
Grants Given
$15.2M
COREWELL HEALTH
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Address

100 Corewell DR NW
Grand Rapids, MI, 49503-204

Governance

Voting board members16
Independent members13
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %41.1%
Permanent endowment %47.2%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer ↗
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IRS Tax Exempt Organization Search ↗
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