Memorial Foundation
Memorial Foundation reported $15.1 million in revenue and $3.6 million in expenses for calendar year 2024. Of every $100 it spent, $88.14 went to program services, $5.20 to management and general costs and $6.66 to fundraising. Its largest source of revenue was investment income: 98.7% of the total. The highest compensation it reported for one person was $506,687 (SECRETARY). Revenue rose 89% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.6MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MOther revenue was negative: −$26,668. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.1% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.2% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.4% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $506,687 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 14.01% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 0 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 436.2 | 6.8 |
| Independent voting board members Part VI 1a–1b | 12 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCapital: Memorial Foundation, inc. Provided support for capital improvements at memorial hospitals in belleville and shiloh, il. Capital improvements included the expansion of the shiloh, il campus rehabilitation center, replacements to crash cart defibrillators, ultrasound units in the breast health center, prone breast boards in radiology and simulation manikins
Community service/outreach: Memorial Foundation, inc. Provided support for community outreach programs at local schools and non-profits in the pmmci communities. Funds were awarded to a local school district to support a construction project for a learning caf that will enable all students, regardless of ability, with life skills to find employment. The largest school district in the service area was awarded funds to provide low income families with free school physicals and vaccinations. A youth-focused non-profit was awarded funding to provide physical and mental wellness activities for…
Patient support: Memorial Foundation, inc. Provided car seats and safe sleep swaddles for families in the family birthing center. Patient support was also provided for compression garments for lymphedema patients and glucose monitors and strips for the diabetes education program
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| SECRETARY Officer, 1.00 hrs/week | $0 | $422,338 | $84,349 | $506,687 |
| PRESIDENT, DIRECTOR TERM 4/24 Director/trustee, officer, 1.00 hrs/week | $0 | $478,126 | $17,533 | $495,659 |
| PRESIDENT, DIRECTOR BEG 3/24 Director/trustee, officer, 1.00 hrs/week | $0 | $409,212 | $46,796 | $456,008 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $11,298 | $23 | $11,321 |
0 people received more than $100,000 in reportable compensation from Memorial Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 632
Private foundation grants it received
2 private foundations reported grants to Memorial Foundation totaling $2,516 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Memorial Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Memorial Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Memorial Foundation spent in 2024, $88.14 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Boys & Girls Clubs of Greater Redla RiversideRedlands, CA · revenue $15M · programs 86.5% · FY2025
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- The PLUS CompanyNashua, NH · revenue $15M · programs 93.0% · FY2025
- Bristol Adult Resource CenterBristol, CT · revenue $15M · programs 88.5% · FY2025
Questions people ask
How much of Memorial Foundation's spending goes to programs?
In calendar year 2024, Memorial Foundation reported that 88.1% of its $3.6 million in expenses went to program services, 5.2% to management and general and 6.7% to fundraising (Form 990, Part IX).
How much does Memorial Foundation pay its top executive?
The largest total compensation Memorial Foundation reported for one person in calendar year 2024 was $506,687, for the role of SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Memorial Foundation get its money?
Of $15.1 million in revenue in calendar year 2024, 1.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Memorial Foundation a registered charity?
The IRS lists EIN 37-1186034 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503179349309475 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349308441 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343179349309874 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233159349304608 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103159349307025 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033169349306268 · read the filing
All filings for EIN 37-1186034: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.