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Memorial Foundation, Inc.



3435 Johnson St
Hollywood, FL 33021

GENERAL INFORMATION

Contact: Ms. Lynn Croneberger Marks, CFRE, Executive Director
Telephone: (954) 985-3454
Fax: (954) 966-6750
E-mail: lmarks@mhs-net.com
Web Site:www.mhs.net

Who We Are

To support the programs and services provided by the Memorial Healthcare System.

  • This organization is a 501(c)(3) Public Charity .
  • This organization is required to file an IRS Form 990 or 990-EZ.
  • Financial information in this report is derived from the organization's April 30, 2008 Form 990.
  • Additional narrative information in this report was last supplied by the organization on January 2, 2004.
  • It makes its audited financial statements available to the public upon request.
  • Contributions are deductible, as provided by law.

How to Help

This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects and building improvements.

Location(s) Served

  • National
  • Primarily South Florida,
  • International: Caribbean, Canada

NTEE Code

  • E21—Community Health Systems
  • E20—Hospitals and Primary Medical Care Facilities
EIN: 59-2082218
Year Founded: 1981
Ruling Year: 1981
Fiscal Year: April 30, 2008
Assets: $6,335,787 (from Apr 30, 2008 Form 990)
No. of Board Members: 40
No. of Full-Time Employees: 6-10
No. of Part-Time Employees: 1-5
No. of Volunteers: 21-100

Chief Executive

Mrs. Lynn Croneberger Marks

BOARD OF DIRECTORS

Name

Title

Gary Birken, MD Chairman
Carl Shuster Esq. Vice Chairman
Alberto E. Fernandez, Sr. Vice Chairman
Joseph T. Ducanis, Jr., Esq Secretary/Treasurer
Ronald L. Book, Esq. Member
Herbert E. Brizel, MD Member
Collen Brooks Member
James Otis Cole Member
Douglas Collier, LUTCF Member
Cindy Conine Member
Jeff Conine Member
Rachel Cyrlak, MD Member
Jorge de Cespedes Member
Albert del Castillo Member
Ira Drescher Member
Estelle Ernstoff Member
Beverly Cypen-Greenberg, DO Member
Gene Glasser, Esq Member
Mitchell F. Green, Esq. Member
Victor I. Hochberg Member
Raymond Imperial Member
Sylvia B. Kalin Member
Babette Kosar Member
Peter A. Livingston Member
Peter A. Manos Member
Wendy S. Masi, Ph.D. Member
Commissioner Laura Raybin-Miller Member
J.P. Ottino Member
Carol Owen Member
Rosalind Perlmutter Member
Melvyn Rech, DO Member
Alan Reich, MD Member
Frank Sacco, CEO Member
Mark Schumacher Member
Donald M. Simon Member
Eric Stelnicki, MD Member
Micheal Bolton Director Emeritus
Kenneth C. Jenne, II Director Emeritus
Henry D. Perry, Jr., MD Director Emeritus
George Steinbrenner Director Emeritus

MISSION AND PROGRAMS

Mission

To support the mission of Memorial Healthcare System to provide quality, cost-effective, customer-focused healthcare services to its patients, regardless of their ability to pay, with a goal of improving the health status of the community it serves. The vision of the Memorial Healthcare System is to be a world-class model of excellence as a fully integrated quality and cost-effective healthcare system.

Programs

Memorial Foundation supports programs and services provided by the Memorial Healthcare System. Facilities of Memorial Healthcare System include: Memorial Regional Hospital Memorial Hospital West Memorial Hospital Pembroke Memorial Manor Centers/programs: - Memorial Primary Care Center - Hallandale Outpatient Center - Women's Resource Centers - Health & Fitness Centers - Advanced Fertility Treatment Center - Memorial Regional Cancer Center @ MRH - Memorial Regional Heart Institute @ MRH - Memorial Share Program - Memorial Neuroscience Center @ MRH - Memorial Regional Trauma Center - Senior Partner Program

GOALS AND RESULTS

Accomplishments for Fiscal Year Ending April 30, 2003

  1. Memorial Healthcare System earned recognition as one of the 100 Most Wired Hospitals & Health Systems
  2. Memorial Healthcare System earned Pearnership of the Year frin Broward County Public Schools.
  3. Memorial Regional Hospital acknowledged as one of America's Best Hopitals for Urology by U.S. News & World Report.

Objectives for Fiscal Year Beginning May 1, 2003

  1. Raise funds for expansion of the Cardiac and Vascular Institute.
  2. Raise funds for expanion and renovation of Memorial Regional Hospital Comprehensive Cancer Center

FINANCIAL DATA

Revenues and Expenses: Fiscal Year Ending April 30, 2008

REVENUE  
Contributions $1,637,913
Government Grants $0
Program Services $0
Investments $458,726
Special Events $0
Sales $0
Other $0
Total Revenue $2,096,639
EXPENSES  
Program Services $556,549
Administration $371,393
Other $300,313
Total Expenses $1,228,255
Net Gain/Loss $868,384

Balance Sheet: Fiscal Year Ending April 30, 2008

Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

ASSETS May 1, 2007 April 30, 2008 Change
Cash & Equivalent $70,716 $111,481 $40,765
Accounts Receivable $0 $0 $0
Pledges & Grants Receivable $720,272 $746,253 $25,981
Receivable / Other $0 $0 $0
Inventories for Sale of Use $0 $0 $0
Investment/Securities $0 $0 $0
Investment/Other $5,035,055 $5,434,901 $399,846
Fixed Assets $19,918 $16,469 ($3,449)
Other $7,700 $26,683 $18,983
Total Assets $5,853,661 $6,335,787 $482,126
LIABILITIES May 1, 2007 April 30, 2008 Change
Accounts Payable $28,889 $90,229 $61,340
Grants Payable $0 $0 $0
Deferred Revenue $0 $0 $0
Loans and Notes $0 $0 $0
Tax-Exempt Bond Liabilities $0 $0 $0
Other $276,305 $393,299 $116,994
Total Liabilities $305,194 $483,528 $178,334
FUND BALANCE $5,548,467 $5,852,259 $303,792


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