Civic Intelligence

Michigan Health Endowment Fund

990 • Fiscal year 2017 • EIN 46-5054207

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 23, 2018

Organization ProfileWWW.MHEALTHFUND.COM

View Organization Page

7927 Nemco Way No 270Brighton, MI 48116-9454

(517) 374-0031

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.05x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

0.13x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$268,441

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

3.3%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$166,948,672

Up $22,881,893 (+16%) from 2016

Net Assets

Up

$158,407,982

Up $24,512,051 (+18%) from 2016

Liabilities

Down

$8,540,690

Down $1,630,158 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin78th percentile

Revenue

Up

$67,008,980

Up $2,112,763 (+3.3%) from 2016

Expenses

Up

$54,825,585

Up $26,839,033 (+96%) from 2016

Net Income

Down

$12,183,395

Down $24,726,270 (-67%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2014: $91,918,486Liabilities 2014: $30,718,662Net Assets 2014: $61,199,8242014Assets 2015: $122,786,801Liabilities 2015: $25,111,776Net Assets 2015: $97,675,0252015Assets 2016: $144,066,779Liabilities 2016: $10,170,848Net Assets 2016: $133,895,9312016Assets 2017: $166,948,672Liabilities 2017: $8,540,690Net Assets 2017: $158,407,9822017Assets 2018: $189,280,990Liabilities 2018: $14,221,126Net Assets 2018: $175,059,8642018Assets 2019: $242,161,671Liabilities 2019: $16,381,430Net Assets 2019: $225,780,2412019Assets 2020: $302,224,994Liabilities 2020: $18,958,760Net Assets 2020: $283,266,2342020Assets 2021: $367,711,952Liabilities 2021: $17,075,487Net Assets 2021: $350,636,4652021Assets 2022: $363,800,759Liabilities 2022: $19,700,097Net Assets 2022: $344,100,6622022Assets 2023: $479,695,196Liabilities 2023: $20,901,637Net Assets 2023: $458,793,5592023Assets 2024: $589,079,701Liabilities 2024: $23,962,476Net Assets 2024: $565,117,2252024

Highlighted filing

2017

Assets$166,948,672
Liabilities$8,540,690
Net Assets$158,407,982
Open 2017 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Revenue 2014: $100,147,449Expenses 2014: $38,947,625Net Income 2014: $61,199,8242014Revenue 2015: $50,687,046Expenses 2015: $14,288,198Net Income 2015: $36,398,8482015Revenue 2016: $64,896,217Expenses 2016: $27,986,552Net Income 2016: $36,909,6652016Revenue 2017: $67,008,980Expenses 2017: $54,825,585Net Income 2017: $12,183,3952017Revenue 2018: $92,174,540Expenses 2018: $62,050,729Net Income 2018: $30,123,8112018Revenue 2019: $92,923,976Expenses 2019: $64,705,030Net Income 2019: $28,218,9462019Revenue 2020: $101,890,757Expenses 2020: $65,905,919Net Income 2020: $35,984,8382020Revenue 2021: $101,875,561Expenses 2021: $58,257,426Net Income 2021: $43,618,1352021Revenue 2022: $108,315,323Expenses 2022: $58,510,745Net Income 2022: $49,804,5782022Revenue 2023: $112,333,265Expenses 2023: $45,073,297Net Income 2023: $67,259,9682023Revenue 2024: $116,075,631Expenses 2024: $46,797,977Net Income 2024: $69,277,6542024

Highlighted filing

2017

Revenue$67,008,980
Expenses$54,825,585
Net Income$12,183,395
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 23, 2018
Return Version
2017v2.2
Gross Receipts
$139,921,780
Mission and Program Overview

Mission

To improve the health of michigan residents and reduce the cost of health care, with a special emphasis on the health and wellness of children and seniors.

The fund was formed to support efforts that improve the quality of health care while reducing costs to residents of the state of michigan, as well as to benefit the health and wellness of minor children and seniors throughout the state, with a significant focus on eight areas outlined in its enabling legislation, by awarding grants for not more than three years for projects that support these purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$64,790,644$81,440,887▲ $16,650,243
Investments Other Securities$77,274,784$80,180,082▲ $2,905,298
Savings and Temporary Cash Investments$535,550$2,447,989▲ $1,912,439
Prepaid Expenses and Deferred Charges$1,004,343$2,238,805▲ $1,234,462
Land, Buildings, and Equipment, Net$144,771$135,687▼ $9,084
Total Assets$144,066,779$166,948,672▲ $22,881,893
Other Assets Total$316,687$505,222▲ $188,535
Liabilities
Grants Payable$9,696,659$7,971,186▼ $1,725,473
Accounts Payable and Accrued Expenses$474,189$511,229▲ $37,040
Other Liabilities$0$58,275▲ $58,275
Total Liabilities$10,170,848$8,540,690▼ $1,630,158
Net Assets / Fund Balance
Permanently Rstr Net Assets$42,000,000$56,000,000▲ $14,000,000
Unrestricted Net Assets$60,458,245$54,681,538▼ $5,776,707
Temporarily Rstr Net Assets$31,437,686$47,726,444▲ $16,288,758
Total Net Assets Fund Balance$133,895,931$158,407,982▲ $24,512,051
Total Liabilities and Net Assets / Fund Balance$144,066,779$166,948,672▲ $22,881,893

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$74,834$14,338$89,172
Leasehold Improvements$60,853$1,694$62,547
Other Securities$6,603,909--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$73,437,686$14,000,000▲ $16,288,758-$103,726,444
2016$57,957,711$12,000,000▲ $3,479,975-$73,437,686
2015$47,578,587$10,000,000▲ $379,124-$57,957,711
2014-$47,500,000▲ $78,587-$47,578,587
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry GardnerChief Operating OfficerFT$230,531$37,910$268,441
Paul HillegondsChief Executive OfficerFT$251,731$2,434$254,165
Kari SederburgSenior Program OfficerFT$153,654$18,244$171,898
Rebecca CienkiSenior Program OfficerFT$144,385$25,354$169,739
Laurie SolotorowSenior Program OfficerFT$125,115$28,467$153,582

Board Members and Trustees

NameTitle
Rob FowlerChair
Lynn AlexanderVice-chair
Alexis WileyDirector
Cindy EstradaDirector
Henry VeenstraDirector
Keith PrettyDirector
Michael WilliamsDirector
Jim MurrayFormer Director
Sue JandernoaSecretary
Tim DamschroderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Maximus Health Services INCMedigap Services1891 METRO CENTER DRIVE, Reston, VA 20190-5287$3,616,328
Northern TrustInvestment Advisory Services50 SOUTH LASALLE STREET, Chicago, IL 60675-0001$156,245
Public Sector ConsultantsGrant Evaluation Services230 NORTH WASHINGTON SQUARE, Lansing, MI 48933-2267$107,110
Revenue and Support

Revenue Composition

Contributions and Grants
$62,000,000
Program Service Revenue
$0
Investment Income
$5,008,980
Other Revenue
$0
All Other Contributions
$62,000,000
Change in Net Assets
$12,183,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,934,099
Revenue Not Reported on Financial Statements
$74,881
Revenue Not Reported on Form 990
$12,328,656
Total Revenue per Audited Statements
$79,262,755
Total Revenue per Form 990
$67,008,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$48,334,897
Other Expenses$4,918,017
Salaries, Compensation, and Employee Benefits$1,572,671
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,032,370--$25,032,370
Grants to Domestic Individuals$23,302,527--$23,302,527
Fees for Services Other$4,187,989$48,428-$4,236,417
Current Officers, Directors, Trustees, and Key Employees$507,656$397,760-$905,416
Other Salaries and Wages$148,674$229,133-$377,807
Fees for Service Investment Mgmnt Fees-$232,237-$232,237
Other Employee Benefits$163,484--$163,484
Occupancy-$105,690-$105,690
Fees for Services Legal-$93,353-$93,353
Payroll Taxes$47,195$40,263-$87,458
Travel$48,258$23,436-$71,694
Office Expenses-$56,004-$56,004
Fees for Services Accounting-$49,527-$49,527
Pension Plan Contributions$24,298$14,208-$38,506
Other Expenses$19,315$12,833-$32,148
Insurance-$27,592-$27,592
Depreciation Depletion-$11,923-$11,923
All Other Expenses-$1,432-$1,432
Total Functional Expenses$53,481,766$1,343,819$0$54,825,585

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$54,825,585
Expenses per Audited Statements$54,750,704
Total Expenses per Audited Statements$54,750,704
Expenses Not Reported on Financial Statements$74,881
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fair Food NetworkAnn Arbor, MI501(c)(3)Innovating Technology and Expanding Geographies for Double Up Healthy Food Incentives$500,000
Henry Ford Health SystemDetroit, MI501(c)(3)OPIOID EPIDEMIC: PREVENTION, DIAGNOSIS, AND TREATMENT IN AN OFFICE-BASED INTEGRATED CARE MODEL$500,000
Hospice of MichiganAnn Arbor, MI501(c)(3)Pediatric Chronic Complex Care Program Pilot - Year One$500,000
Michigan Department of Health and Human ServicesLansing, MIState of MichiganRE:IMAGINING INTEGRATIVE SERVICE DELIVERY$500,000
Michigan Department of Health and Human ServicesLansing, MIState of MichiganStatewide Directory and Consumer Relationship Management Tools for Care Coordinators$500,000
Michigan Department of Health and Human ServicesLansing, MIState of MichiganAir Quality and Health Assessment Initiative$500,000
Michigan State UniversityEast Lansing, MIMichigan State Univ.THRIVE NETWORK: EDUCATING DEMENTIA CAREGIVERS ON WELLNESS AND SELF-CARE$500,000
Region Vii Area Agency on AgingBay City, MI501(c)(3)Community Care Transition Initiative$500,000
Spectrum Health FoundationGrand Rapids, MI501(c)(3)Strong Beginnings$500,000
Northern Lakes Community Mental Health AuthorityTraverse City, MINorthern Lakes CmhFamily Assessment and Safety Team$499,791
Wayne State UniversityDetroit, MIWayne State Univ.High Touch - High Tech$499,502
The Regents of the University of MichiganAnn Arbor, MIUniv. of MichiganEstablishing a Michigan Collaborative Care Implementation Support Team to Enhance Access to Quality Mental Health Treatment in Primary Care for Seniors and Low-income Adults$499,342
Communities in Schools of KalamazooKalamazoo, MI501(c)(3)Integrating Behavioral Health in Schools$498,204
Delta-schoolcraft Intermediate School DistrictEscanaba, MIDelta-schoolcraftU.p. Health Project$497,855
Michigan Department of Health and Human ServicesLansing, MIState of MichiganCommunity Paramedic Project$489,393
The Regents of the University of MichiganAnn Arbor, MIUniv. of MichiganPromoting Infant Health and Wellbeing by Engaging Fathers$488,822
Genesee Health SystemFlint, MIGenesee CountyGenesee County Healthy Aging Initiative$487,738
Trinity HealthLivonia, MI501(c)(3)E-prescribing Aging Services Through the Electronic Medical Record$482,860
Michigan Council for Maternal and Child HealthLansing, MI501(c)(3)Michigan Model for Health Online$481,005
Cherry HealthGrand Rapids, MI501(c)(3)ELEVATE SENIOR HEALTH: BEHAVIORAL HEALTH AND PHYSICAL HEALTH ANNUAL SCREENING AND TREATMENT INTEGRATION FOR THE BENEFIT OF SENIORS$480,678
Jewish Hospice & Chaplaincy NetworkWest Bloomfield, MI501(c)(3)LIFELINKS: A HOME-BASED PALLIATIVE CARE PROGRAM - PLANS FOR OUTREACH, EXPANSION, AND GROWTH$464,000
St Joseph Mercy Health SystemPontiac, MI501(c)(3)Establishing Geriatric Behavioral Health Services$450,670
Food Bank Council of MichiganLansing, MI501(c)(3)DEFINING THE NEEDS OF MICHIGAN'S EMERGENCY RESPONSE NETWORK$450,000
Community Foundation of Greater FlintFlint, MI501(c)(3)Expansion of Flint and Genesee Access to Healthy Food Initiative$449,436
Catholic Human Services IncTraverse City, MI501(c)(3)Integrated Intervention for Parents With Addictions in the Child Welfare System$449,411
Pine Rest Christian Mental Health ServicesGrand Rapids, MI501(c)(3)Reducing Psychiatric Boarding of Pediatric Patients to Assist Families in Crisis$446,320
Upper Great Lakes Family Health CenterHancock, MI501(c)(3)INTEGRATING MICHIGAN'S U.P. BEHAVIORAL HEALTH AND PRIMARY CARE SERVICES$438,562
National Kidney Foundation of MichiganAnn Arbor, MI501(c)(3)Project for Early Childhood Health$433,960
Calvin CollegeGrand Rapids, MI501(c)(3)A Collaborative Interprofessional Fall Prevention Program for Aging Seniors$422,765
Michigan Public Health InstituteOkemos, MI501(c)(3)A Systems-level Approach to Neonatal Abstinence Syndrome$412,347
Central Michigan UniversityMount Pleasant, MIState of MichiganCentral Michigan University Experiential Learning Older Adult Home Visit and Health Improvement Program$410,015
Munson Healthcare FoundationsTraverse City, MI501(c)(3)Building a Child-focused Health and Wellness Culture in Northern Michigan$401,513
Health Net of West MichiganGrand Rapids, MI501(c)(3)Fitkids360 Expansion and Infastructure$401,124
Michigan Elementary and Middle School Principals AssociationMason, MI501(c)(5)Incorporating Health and Wellness Into School Improvement Plans Statewide Pilot Project$400,000
Inter-tribal Council of MichiganSault Ste Marie, MI501(c)(3)Michigan Tribal Food Access Collaborative Project$398,388
Eastern Michigan UniversityYpsilanti, MIState of MichiganEMU GEROPSYCHOLOGY TRAINING: ADVANCING LATE-LIFE NEUROBEHAVIORAL HEALTH$391,098
Otsego County Commission on AgingGaylord, MI501(c)(3)COMMUNITY CONNECT: EXPANSION OF INNOVATIVE TECHNOLOGY AND AGING PROGRAM TO ADDITIONAL MICHIGAN COMMUNITIES$360,320
The Regents of the University of MichiganAnn Arbor, MIUniv. of MichiganTRAILS TO BEHAVIORAL HEALTH: TRANSLATING RESEARCH INTO ACTION TO IMPROVE THE LIVES OF STUDENTS$353,289
Henry Ford Health SystemDetroit, MI501(c)(3)KNOCK AND CHECK: AN INNOVATIVE APPROACH TO REDUCE SOCIAL ISOLATION AND IMPROVE HEALTHCARE FOR FRAIL SENIORS$333,040
Public Health Delta and Menominee CountiesEscanaba, MIMenominee CountyHealthy Kids U.p.$310,746
Michigan Department of Health and Human ServicesLansing, MIState of MichiganMichigan Pediatric Behavioral Health Acute Inpatient Access Improvement$300,000
Upper Peninsula Health Care SolutionsMarquette, MI501(c)(3)Make a Plan, Share a Plan$296,243
Area Agency on Aging of Northwest MichiganTraverse City, MI501(c)(3)Integrating Healthcare and Community Based Long Term Support Services for Individuals With Dementia and Their Caregivers$292,064
DA BLODGETT - ST JOHN'SGrand Rapids, MI501(c)(3)The Safe Passages Mentoring Program$287,327
The Corner Health CenterYpsilanti, MI501(c)(3)Psychiatric Services for Youth Through Community Healthcare$282,913
Wayne State UniversityDetroit, MIWayne State Univ.COMMUNITY HEALTH PIPELINE: YOUTH CATALYST FOR CHANGE$262,784
Michigan Department of Health and Human ServicesLansing, MIState of MichiganDiversity in Dementia Care$262,198
Ruth Ellis Center IncHighland Park, MI501(c)(3)Ruth Ellis Integrated Health and Wellness Center$261,132
Michigan Department of Health and Human ServicesLansing, MIState of MichiganParental and Caseworker Engagement in Medical/mental Health Decision Making$257,106
Wayne State UniversityDetroit, MIWayne State Univ.Frailty Prevention in Older African American$249,796
Alpena Area Senior Citizens Council IncAlpena, MI501(c)(3)PROJECT "STUDENT GOURMET"$200,000
Sparrow Foundation - Sparrow Health SystemLansing, MI501(c)(3)Be Well in the Kitchen$167,140
Mpa GroupBay City, MI501(c)(3)Washington Elementary School Family Health Initiative$157,166
Michigan Department of Health and Human ServicesLansing, MIState of MichiganMedicaid Managed Care Long-term Care Supports and Services$150,000
American Heart AssociationOkemos, MI501(c)(3)Empowered to Serve$100,000
Battle Creek Community FoundationBattle Creek, MI501(c)(3)To Ensure They Come Home Program$100,000
Care of Southeastern MichiganFraser, MI501(c)(3)Operation Rx$100,000
Detroit Police Athletic League IncDetroit, MI501(c)(3)Integrated Detroit Pal Soccer Program$100,000
Disability Advocates of Kent CountyGrand Rapids, MI501(c)(3)Maximizing Autonomy and Empowerment for Seniors Through Integrated Home Assessments$100,000
Greater MidlandMidland, MI501(c)(3)Physician Referred Wellness Advocate Program$100,000
Habitat for Humanity of Kent CountyGrand Rapids, MI501(c)(3)Plaza Roosevelt - Planning Phase$100,000
Judson CenterRoyal Oak, MI501(c)(3)Establish Psychiatric Services Through a Tele Psychiatry Program in Wayne County, Michigan$100,000
Leaders Advancing and Helping CommunitiesDearborn, MI501(c)(3)LIFE SKILLS: ROOTS TO GROW BEHAVIORAL HEALTH PROGRAM$100,000
Marquette-alger Regional Educational Service AgencyMarquette, MIMarquette-alger ResaPe-nut Expansion Project$100,000
Michigan 2-1-1Lansing, MI501(c)(3)Michigan 2-1-1 Database Access Project$100,000
Michigan Nonprofit AssociationLansing, MI501(c)(3)Enhancing Technology Capacity for Nonprofits Serving Older Adults$100,000
Michigan Public Health InstituteOkemos, MI501(c)(3)Partners in Care Concierge$100,000
Southeastern Michigan Health AssociationDetroit, MI501(c)(3)SISTERFRIENDS: THE DETROIT BIRTHING PROJECT$100,000
The Regents of the University of MichiganAnn Arbor, MIUniv. of MichiganCreating a Network of Trauma-informed Care for Young Children in Michigan$100,000
Upcap Services IncEscanaba, MI501(c)(3)Caregiver Assistance and Respite Education$100,000
Wayne County Neighborhood Legal ServicesDetroit, MI501(c)(3)Elder Law and Advocacy Center Medical-legal Partnership Project$100,000
Michigan Disability Rights CoalitionEast Lansing, MI501(c)(3)Living Well in Michigan$99,996
Wayne State UniversityDetroit, MIWayne State Univ.BUSME: AN E-HEALTH PLATFORM TO REDUCE PEDIATRIC HEALTH DISPARITIES BY IMPROVING PUBLIC TRANSPORTATION ACCESS IN DETROIT$99,987
Michigan Recreation and Park AssociationLansing, MI501(c)(3)MERCYMOTION: AN INTEGRATED APPROACH TO PUBLIC HEALTH AND PUBLIC SPACES$99,803
Pace Southeast MichiganSouthfield, MI501(c)(3)Remote Care Management Platform Program$99,800
Michigan Health CouncilOkemos, MI501(c)(3)Michigan Advance Care Planning$99,430
Wayne State UniversityDetroit, MIWayne State Univ.Real Time Nursing Home Quality Control$97,534
Ingham Health Plan CorporationLansing, MI501(c)(3)Managing Asthma Through Case Management in Homes$97,046
Salvation Army Detroit Harbor LightDetroit, MI501(c)(3)Detroit Harbor Light Medical Respite Program$96,394
Michigan Primary Care AssociationLansing, MI501(c)(3)Advancing Community Health Workers in Michigan$91,394
Region 3b Area Agency on AgingBattle Creek, MI501(c)(3)Care Connection Health Intervention Program$85,195
DISTRICT HEALTH DEPARTMENT #10Cadillac, MICity of CadillacAGE WELL: EAT HEALTHY, BE ACTIVE$85,194
St John ProvidenceDetroit, MI501(c)(3)Mother Nurture Lactation College 2.0$85,000
Michigan State UniversityEast Lansing, MIMichigan State Univ.SAFE FOODS = HEALTHY KIDS$80,650
Macomb County Interfaith Volunteer CaregiversCenter Line, MI501(c)(3)Driven to Good Health$80,068
Michigan Fitness FoundationLansing, MI501(c)(3)Mission Throttle - Social Impact Strategy$75,000
Substance Abuse Council Dba Calhoun County Opioid CoalitionBattle Creek, MI501(c)(3)Opioid Coalition Dashboard, Resource Network and Targeted Naloxone Distribution (joint Opioid Collaborative Funding)$70,000
Midmichigan HealthMidland, MI501(c)(3)Midmichigan Health - a Technology Based Innovation to Prevent Type 2 Diabetes$69,500
Clark Retirement Community FoundationGrand Rapids, MI501(c)(3)Montessori for Aging and Dementia$50,000
ALZHEIMER'S ASSOCIATION-GREATER MICHIGAN CHAPTERSouthfield, MI501(c)(3)Michigan Dementia Coalition$49,940
M&m Area Community FoundationMenominee, MI501(c)(3)Expanding Our Rural Partnerships$43,071
Michigan Health Improvement AllianceBay City, MI501(c)(3)Healthy Communities$36,666
Tcm CounselingGrand Haven, MI501(c)(3)Emotionally Healthy Children and Teens$30,000
Wayne State UniversityDetroit, MIWayne State Univ.Community Compstat - Americorps Urban Safety Project (joint Opioid Collaborative Funding)$30,000
Rethinking Dementia Accelerating ChangeGrand Rapids, MI501(c)(3)Mhealth Dementia Project$24,500
Hands Across the Water IncAnn Arbor, MI501(c)(3)Yoga for Youth$18,552
Michigan Breast Feeding NetworkLansing, MI501(c)(3)Breastfeeding Community Leadership Training$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$58,275
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The chief financial officer is responsible to review the return in its entirety and to review it with the preparer. The chief financial officer will also review the return with the chief executive officer and the board treasurer in person. After that review, the chief financial officer will make the return available to the board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board of directors and staff of the fund are expected to maintain the highest ethical standards in conducting the business of the fund. The board and staff update their conflict of interest questionnaires annually in conjunction with the fund's annual meeting. These questionnaires are reviewed by management, and reported conflicts are monitored by outside legal counsel and the fund's governance committee.”

Form 990, Part VI, Section B, Line 15

“Comparable information was obtained from the council of foundations showing compensation information. Prior information was also obtained from the fund's grant making consultant showing organizational structure, compensation, and experience. The fund also monitors its peers by review of form 990 information.”

Form 990, Part VI, Section C, Line 19

“The fund's articles of incorporation are available on the state of michigan website at www.michigan.gov/lara. The fund's conflict of interest policy and financial statements are posted on the fund's website at www.mhealthfund.com.”

Filing and Contact Details

Filer

Filer Name
Michigan Health Endowment Fund
EIN
46-5054207
Phone
5173740031
Address
7927 NEMCO WAY NO 270, BRIGHTON, MI 48116-9454

Signing Officer

Name
Terry Gardner
Title
Chief Operating Officer
Phone
5173740031
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Hillegonds
Formed
2014
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
0

Preparer

Firm
George Johnson & Company
Address
1200 BUHL BUILDING 535 GRISWOLD, DETROIT, MI 48226-3689
Preparer
Michael R Nicholas
Phone
3139652655
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment fund is mandated under the fund's enabling legislation to provide for future support for the fund's mission and grant making by setting aside monies for a permanent endowment.”

PART X, LINE 2:

“The fund's management is not aware of any unrecognized tax benefits as of december 31, 2017 or 2016.”

Raw XML AppendixShowing 400 of 1,743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0474189
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0511229
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FUND WAS FORMED TO SUPPORT EFFORTS THAT IMPROVE THE QUALITY OF HEALTH CARE WHILE REDUCING COSTS TO RESIDENTS OF THE STATE OF MICHIGAN, AS WELL AS TO BENEFIT THE HEALTH AND WELLNESS OF MINOR CHILDREN AND SENIORS THROUGHOUT THE STATE, WITH A SIGNIFICANT FOCUS ON EIGHT AREAS OUTLINED IN ITS ENABLING LEGISLATION, BY AWARDING GRANTS FOR NOT MORE THAN THREE YEARS FOR PROJECTS THAT SUPPORT THESE PURPOSES.
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IRS990/Desc0THE FUND PROVIDES GRANTS TO VARIOUS PUBLIC CHARITIES TO HELP IMPROVE THE HEALTH OF MICHIGAN RESIDENTS AND REDUCE THE COST OF HEALTH CARE, WITH A SPECIAL EMPHASIS ON THE HEALTH AND WELLNESS OF CHILDREN AND SENIORS.
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IRS990/MissionDesc0THE FUND WAS FORMED TO SUPPORT EFFORTS THAT IMPROVE THE QUALITY OF HEALTH CARE WHILE REDUCING COSTS TO RESIDENTS OF THE STATE OF MICHIGAN, AS WELL AS TO BENEFIT THE HEALTH AND WELLNESS OF MINOR CHILDREN AND SENIORS THROUGHOUT THE STATE, WITH A SIGNIFICANT FOCUS ON EIGHT AREAS OUTLINED IN ITS ENABLING LEGISLATION, BY AWARDING GRANTS FOR NOT MORE THAN THREE YEARS FOR PROJECTS THAT SUPPORT THESE PURPOSES.
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt062547
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012328656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058275

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,948,672
Liabilities
$8,540,690
Net assets
$158,407,982
Revenue
$67,008,980
Expenses
$54,825,585
Net income
$12,183,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$589$24.0$565$116$46.8$69.3
2023Detailed filing. Detailed filing data is available for this year.$480$20.9$459$112$45.1$67.3
2022Detailed filing. Detailed filing data is available for this year.$364$19.7$344$108$58.5$49.8
2021Detailed filing. Detailed filing data is available for this year.$368$17.1$351$102$58.3$43.6
2020Detailed filing. Detailed filing data is available for this year.$302$19.0$283$102$65.9$36.0
2019Detailed filing. Detailed filing data is available for this year.$242$16.4$226$92.9$64.7$28.2
2018Detailed filing. Detailed filing data is available for this year.$189$14.2$175$92.2$62.1$30.1
2017Detailed filing. Detailed filing data is available for this year.$167$8.54$158$67.0$54.8$12.2
2016Detailed filing. Detailed filing data is available for this year.$144$10.2$134$64.9$28.0$36.9
2015Detailed filing. Detailed filing data is available for this year.$123$25.1$97.7$50.7$14.3$36.4
2014Detailed filing. Detailed filing data is available for this year.$91.9$30.7$61.2$100$38.9$61.2