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Munson Healthcare Foundations

Public charity
Other · TRAVERSE CITY, MI · EIN 38-2642724

About

Inspiring charitable support to enhance health care for the people of northern michigan. The purposes for which munson healthcare foundations is organized are: a) to provide support for the objects and purposes of munson healthcare, a michigan nonprofit corporation and its affiliates; b) to assist in a charitable manner, in the accomplishment of the health care purposes of munson healthcare and its affiliates; c) to obtain funds to support public charities in the AREA of health maintenance, education and prevention of diseases; d) to provide a benefit to munson healthcare and its affiliates by distributing income or transferring assets to or otherwise supporting them; e) to participate to the fullest extent possible within the restrictions of the corporation's funds and assets in ANY activity designed and carried on to promote the general health of the community; f) to participate in establishing and achieving munson healthcare's regional fundraising targets and goals in accordance WIT

Donations are tax-deductible
Category
Other
Employees
18
Volunteers
7

Financial Snapshot

FY ending 2023-06-30
Revenue
$11.1M
Expenses
$16.2M
Assets
$70.9M
Liabilities
$231K

Financial history

$16.2M$8.1M$0
1617181920212223
RevenueExpenses
Latest FY2023: $11.1M · Peak FY2017: $12.1M · Avg: $10.6M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$8.5M
MUNSON HEALTHCARE FOUNDATIONS
Your actions

Address

1105 Sixth ST
Traverse City, MI, 49684-234

Governance

Voting board members9
Independent members7
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %6.2%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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