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Michigan Health Endowment Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 465054207 ✦ Brighton, MI ✦ Designated as a 501(c)(3)

Overview

What is Michigan Health Endowment Fund?

The Michigan Health Endowment Fund is a Michigan-based nonprofit organization with a mission to enhance the health and well-being of Michigan residents, with a particular focus on children and seniors. They achieve this by granting funds to various public charities to reduce healthcare costs and improve overall health. With 24 employees, they are dedicated to improving the lives of Michigan residents and making healthcare more affordable for all.


Official website here: www.mihealthfund.org

Is Michigan Health Endowment Fund legitimate?

Michigan Health Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Health Endowment Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,722,954
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,383

For more financial information, click here


Official website here: www.mihealthfund.org

What is the mission statement of Michigan Health Endowment Fund?

The Michigan Health Endowment Fund focuses on enhancing the health of Michigan residents, with a particular concern for children and seniors. Its mission is to reduce the expenses related to healthcare, while significantly improving the health and wellbeing of Michigan's population. By providing grants to various public charities, the fund seeks to address the health concerns of Michigan residents, ensuring a more affordable and accessible healthcare system. With a special emphasis on the health and wellness of children and seniors, the Michigan Health Endowment Fund is dedicated to creating a healthier future for all Michigan residents.


Official website here: www.mihealthfund.org

Who is the CEO of Michigan Health Endowment Fund?

Neel Hajra is the Chief Executive Officer of Michigan Health Endowment Fund. The CEO's salary of Michigan Health Endowment Fund is $307,200 and their total compensation is $359,000.


Official website here: www.mihealthfund.org

What is the revenue of Michigan Health Endowment Fund?

Michigan Health Endowment Fund's revenue in 2022 was $108,315,323.


Official website here: www.mihealthfund.org

Who are the executives of Michigan Health Endowment Fund and what are their salaries?

The average compensation at Michigan Health Endowment Fund during 2022 was $120,306. There are 24 employees at Michigan Health Endowment Fund.

Here are 22 key members and their salaries (Michigan Health Endowment Fund's CEO's salary is $307,200 and their total compensation is $359,000):

    Neel Hajra (Chief Executive Officer)
  • Compensation: $307,200
  • Related: $0
  • Other: $51,800

    • Terry Gardner (C.O.O. And C.F.O. (Former))
  • Compensation: $252,346
  • Related: $0
  • Other: $35,731

    • Alan Harris (Director Of Investments)
  • Compensation: $228,269
  • Related: $0
  • Other: $48,751

    • Sharon Karaboyas (C.O.O. And C.F.O.)
  • Compensation: $182,500
  • Related: $0
  • Other: $34,616

    • Rebecca Cienki (Director, Behavioral Health)
  • Compensation: $174,115
  • Related: $0
  • Other: $37,913

    • Laurie Solotorow (Dir., Nutrition/Healthy Lifestyles)
  • Compensation: $163,846
  • Related: $0
  • Other: $43,788

    • Kari Sederburg (Director, Healthy Aging)
  • Compensation: $173,385
  • Related: $0
  • Other: $31,749

    • Lynda Zeller (Sr. Fellow, Behavioral Health)
  • Compensation: $165,008
  • Related: $0
  • Other: $39,754

    • Megan Murphy (Director, Community Health)
  • Compensation: $143,769
  • Related: $0
  • Other: $25,511

    • Hayley Roberts (Communications Director)
  • Compensation: $141,769
  • Related: $0
  • Other: $10,141

    • Phil Lewis (Program Officer, Healthy Aging)
  • Compensation: $120,981
  • Related: $0
  • Other: $30,890

    • Tim Niyonsenga (Program Officer, Healthy Aging)
  • Compensation: $114,942
  • Related: $0
  • Other: $27,082

    • Jan Delatorre (Program Officer, Nutrition)
  • Compensation: $120,981
  • Related: $0
  • Other: $16,117

    • Susan Jandernoa (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Boles (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Williams (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Veenstra (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Boyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zaineb Hussien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gilda Jacobs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tina Wahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Womack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mihealthfund.org

    Where can I find the form 990 for Michigan Health Endowment Fund?

    The Michigan Health Endowment Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mihealthfund.org

    Learn more at the official website: www.mihealthfund.org

    Mission Statement of Michigan Health Endowment Fund

    The Michigan Health Endowment Fund, a renowned nonprofit organization, is dedicated to enhancing the health and wellbeing of Michigan residents, with a particular focus on children and seniors. By granting funds to various public charities, the organization strives to reduce the cost of healthcare in the state while improving overall health.

    In pursuit of its mission, the Michigan Health Endowment Fund channels resources towards initiatives aimed at bettering the lives of Michigan's residents. The organization's commitment to children and seniors is evident in its strategic grants. These investments prioritize the health and wellbeing of these vulnerable populations, ensuring they have access to essential healthcare services and resources.

    By reducing the cost of healthcare, the Michigan Health Endowment Fund enables more Michigan residents to access necessary medical care. This, in turn, contributes to a healthier population and a more equitable healthcare system. The organization's emphasis on affordability not only benefits individuals but also fosters a more sustainable healthcare infrastructure for the state.

    Impact

    This information is meant to be a general summary of Michigan Health Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Michigan Health Endowment Fund has had a significant impact on improving the health of Michigan residents, with a special focus on the health and wellness of children and seniors. Through its grants to various public charities, the fund has been able to support initiatives that not only enhance the health outcomes of individuals but also work towards reducing the overall cost of healthcare in the state. This targeted approach towards children and seniors ensures that the most vulnerable populations receive the necessary support for better health and well-being.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,315,323
  • Program Service Revenue: $0
  • Gross Receipts: $282,192,499

    • Assets and Liabilities:
  • Total Assets: $363,800,759
  • Total Liabilities: $19,700,097
  • Net Assets: $344,100,662
  • Organization Details

    Founding Year

    2014

    Principal Officer

    Neel Hajra

    Main Address

    9829 SPENCER ROAD 201, BRIGHTON, MI, 481147718

    NTEE Category

    Code: E80 - Health

    If you are a representative of Michigan Health Endowment Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.