Detroit Medical Center Foundation in Detroit, Michigan (MI)

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Detroit Medical Center Foundation
Employer Identification Number (EIN)383021666
Name of OrganizationDetroit Medical Center Foundation
In Care of NameJAY B RISING TREASURER
Address3663 Woodward Avenue Suite 200, Detroit, MI 48201
ActivitiesOther health services, Health clinic, Group medical practice association
SubsectionCharitable Organization
Ruling Date12/1993
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$-54,366,541
Amount of Income$45,744,022
Form 990 Revenue Amount$45,744,022
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Health Treatment Facilities, Primarily Outpatient


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Amount of income in 2012: $45,744,022
This organization: 

 $45,744,022
Other organizations performing similar types of work: 

 $8,637,688

Assets in 2012: $-54,366,541
This organization: 

 $-54,366,541
Other organizations performing similar types of work: 

 $3,730,983

Expenses in 2001: $68,341,810
This organization: 

 $68,341,810
Other organizations performing similar types of work: 

 $9,719,030

Income to expenses ratio in 2001: 0.7
This organization: 

 0.7
Other organizations performing similar types of work: 

 0.9

Expenses allocated to program services in 2001: 96.3%
This organization: 

 96.3%
Other organizations performing similar types of work: 

 88.8%

Number of employees in 2001: 558
This organization: 

 558
Other organizations performing similar types of work: 

 68

Employees paid over $50,000 in 2001: 0.7%
This organization: 

 0.7%
Other organizations performing similar types of work: 

 24.1%

Grants share in income in 2001: 0.0%
Detroit Medical Center Foundation: 

 0.0%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$57,042,557$45,744,022
Contributions, gifts, grants, and similar amounts received$0$2,355
Contributions to donor advised funds
Direct public support$0$2,355
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$55,889,298$45,753,112
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$15,609$102,982
Dividends and interest from securities$0$0
Net rental income or (loss)$330,711$184,506
Gross rents$330,711$184,506
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-94,409$103,210
Gross amount from sales of assets other than inventory$234,135$320,722
Less: cost or other basis and sales expenses$328,544$217,512
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$901,348$-402,143
Total expenses$85,959,069$68,341,810
Program services$81,427,742$65,780,823
Management and general$4,531,327$2,560,987
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$-30,296,148$-54,366,541
Excess or (deficit) for the year$-28,916,512$-22,597,788
Net assets or fund balances at beginning of year$-1,379,636$-30,296,148
Other changes in net assets or fund balances$0$-1,472,605
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$68,341,810$65,780,823$2,560,987$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$923,099$923,099$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$34,156,542$34,156,542$0$0
Pension plan contributions not included above$547,722$547,722$0$0
Employee benefits not included above$4,180,303$4,180,303$0$0
Payroll taxes$1,985,247$1,985,247$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$3,692,537$3,692,537$0$0
Telephone$26,895$26,895$0$0
Postage and shipping$159,193$159,193$0$0
Occupancy$2,859,503$2,859,503$0$0
Equipment rental and maintenance$733,177$733,177$0$0
Printing and publications$25,024$25,024$0$0
Travel$141,725$141,725$0$0
Conferences, conventions, and meetings$56,635$56,635$0$0
Interest$2,067,011$2,067,011$0$0
Depreciation, depletion, etc.$2,807,869$2,807,869$0$0
Other expenses not covered above$13,979,328$11,418,341$2,560,987$0
Balance Sheets
20002001
Total assets$41,918,154$51,311,638
Cash - non-interest-bearing$121,196$0
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$14,380,698$28,569,476
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$793,357$603,999
Prepaid expenses and deferred charges$991,272$466,001
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$643,743
Land, buildings, and equipment less accumulated depreciation$22,978,460$20,353,541
Other assets, including program-related investments$2,653,171$674,878
Total liabilities$72,214,302$105,678,179
Accounts payable and accrued expenses$11,019,094$15,674,621
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$9,888,602$9,888,602
Mortgages and other notes payable$38,574,511$6,946,890
Other liabilities$12,732,095$73,168,066
Total liabilities and net assets/fund balances$41,918,154$51,311,638
Total net assets or fund balances$-30,296,148$-54,366,541
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$57,042,557$45,744,022
Total revenue, gains, and other support per audited financial statements$57,136,966$45,690,747
Other expenses$94,409$-50,920
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$94,409$-50,920
Other revenue$0$2,355
Investment expenses$0$0
Other$0$2,355
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$85,959,069$68,341,810
Total expenses and losses per audited financial statements$86,069,411$68,290,890
Other revenue$110,342$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$110,342$0
Other expenses$0$50,920
Investment expenses$0$0
Other$0$50,920
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006558
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$390,698$45,350,969
Program service revenue
Program service revenue 1000000$000$0$45,888,549
Program service revenue 2000000$000$0$752,655
Program service revenue 3000000$000$0$-6,578,309
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$5,690,217
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$102,982$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$184,506$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$103,210$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$-402,143
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$344,458$11,781$290
$202,476$12,781$0
$10,917$0$0
$150,753$11,772$0
$890,903$12,414$12,010
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
19992000
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$0$0$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$99
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$0
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Number of organizations performing similar types of work
Alaska2
Alabama1
Arkansas2
Arizona5
California26
Colorado2
Connecticut1
District of Columbia3
Delaware1
Florida8
Georgia7
Hawaii3
Iowa5
Idaho3
Illinois7
Indiana3
Kansas1
Kentucky2
Louisiana3
Massachusetts19
Maryland7
Maine1
Michigan15
Minnesota8
Missouri5
Mississippi6
Montana1
North Carolina5
Nebraska2
New Hampshire4
New Jersey5
New Mexico3
New York30
Ohio13
Oklahoma2
Oregon4
Pennsylvania24
Rhode Island2
South Carolina3
Tennessee6
Texas14
Utah1
Virginia1
Washington5
Wisconsin7
West Virginia3
Wyoming1
Total282

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