Nonprofit · EIN 35-1536129
BEACON HEALTH FOUNDATION INC
Tax-exempt · SOUTH BEND, IN 46601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,329,363 | $6,481,369 | $11,847,994 | $50,468,125 | $2,074 | $50,466,051 |
| December 31, 2023 | 990 | $4,047,687 | $3,235,138 | $812,549 | $42,645,248 | $16,575 | $42,628,673 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,886,571
- Program service revenue
- $0
- Investment income
- $8,442,789
- Net gain from sales of assets
- $7,560,542
- Other revenue
- $3
Expenses
- Grants and similar amounts paid
- $4,454,433
- Other salaries and wages
- $769,426
- Salaries, compensation and benefits (total)
- $1,096,870
- Professional fundraising fees
- $0
- Accounting fees
- $32,702
- Occupancy
- $4,740
- Travel
- $18,517
- Depreciation
- $9,169
- Program services (functional)
- $4,454,433
- Management and general (functional)
- $1,033,647
- Fundraising (functional)
- $993,288
Balance sheet and other
- Total assets, start of year
- $42,645,248
- Total assets, end of year
- $50,468,125
- Total liabilities, end of year
- $2,074
- Net assets, end of year
- $50,466,051
- Land, buildings and equipment
- $9,411
- Publicly traded securities
- $31,256,860
- Net assets without donor restrictions
- $34,064,537
- Net assets with donor restrictions
- $16,401,514
- Gross unrelated business income
- $4,159
- Gross receipts
- $29,706,373
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1982
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kreg R Gruber | CEO Officer | 2 | $0 | $1,848,714 | $287,708 |
| Jeffrey P Costello | CFO Officer | 2 | $0 | $1,077,612 | $188,598 |
| Susan King | President Officer | 40 | $0 | $462,760 | $133,823 |
| LaRissa Chism Buggs MD | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Daniel Cripe | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Joel Duthie | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Diane Krill | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Michael Fenech | Director Trustee or director | 2 | $0 | $860 | $0 |
| Joseph M Hart | Director thru 3/31/24 Trustee or director | 2 | $0 | $680 | $0 |
| Scott Brewer | Director thru 3/31/24 Trustee or director | 2 | $0 | $510 | $0 |
| Alex Strati | Director Trustee or director | 2 | $0 | $285 | $0 |
| James Sawdon | Chair Trustee or director, Officer | 2 | $0 | $200 | $0 |
| Pam Veldman | Vice Chair Trustee or director, Officer | 2 | $0 | $200 | $0 |
| Angie Welter | Secretary Trustee or director, Officer | 2 | $0 | $200 | $0 |
| Brad Beutter | Director Trustee or director | 2 | $0 | $200 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Erik Brenner | Director Trustee or director | 2 | $0 | $200 |
| Paul Phair | Director Trustee or director | 2 | $0 | $200 |
| Pat Russell | Director Trustee or director | 2 | $0 | $200 |
| Mike Watsson | Director Trustee or director | 2 | $0 | $200 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kreg R Gruber | CEO Officer | 2 | $0 | $1,162,712 | $170,134 |
| Jeffrey P Costello | CFO Officer | 2 | $0 | $744,234 | $118,036 |
| Susan King | President Officer | 40 | $0 | $294,237 | $69,708 |
| Diane Krill | Director; Chair thru 3/31/23 Trustee or director, Officer | 2 | $0 | $1,220 | $0 |
| Joseph M Hart | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| LaRissa Chism Buggs MD | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Scott Brewer | Director Trustee or director | 2 | $0 | $1,220 | $0 |
| Daniel Cripe | Director Trustee or director | 2 | $0 | $900 | $0 |
| Joel Duthie | Director Trustee or director | 2 | $0 | $900 | $0 |
| Michael Fenech | Director Trustee or director | 2 | $0 | $650 | $0 |
| Kurtis A Janowsky | Secretary thru 3/31/23 Trustee or director, Officer | 2 | $0 | $240 | $0 |
| Angie Welter | Secretary Trustee or director, Officer | 2 | $0 | $225 | $0 |
| Brad Beutter | Director; Vice Chair thru 3/31/23 Trustee or director, Officer | 2 | $0 | $225 | $0 |
| James Sawdon | Chair Trustee or director, Officer | 2 | $0 | $225 | $0 |
| Pam Veldman | Vice Chair Trustee or director, Officer | 2 | $0 | $225 | $0 |
| Erik Brenner | Director Trustee or director | 2 | $0 | $225 | $0 |
| Paul Phair | Director Trustee or director | 2 | $0 | $225 | $0 |
| Carl Tiedemann | Director thru 3/31/23 Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 615 N MICHIGAN ST, SOUTH BEND, IN 46601-1033
- In care of
- % JEFFREY COSTELLO
- Principal officer (990 for 2024)
- Kreg Gruber, 615 N Michigan Street, South Bend, IN 46601
- Signed the 990
- Jeffrey Costello, CFO
- Phone
- (574) 647-3549
- Website
- www.beaconhealthsystem.org
- Return prepared by
- RSM US LLP
Mission
We deliver outstanding care, inspire health and connect with heart.
Program accomplishments
- On November 23, 2011, Beacon Health System, Inc. (the "Corporation") was founded as the parent organization of Memorial Hospital of South Bend, Inc. ("MHSB") and Elkhart General Hospital, Inc. ("EGH"). Its mission is to provide a comprehensive range of health-related services for North Central Indiana and Southwestern Michigan. The Corporation, along with its subsidiaries, offers a continuum of care to the community, encompassing health promotion, disease prevention, diagnosis, inpatient and outpatient care, and home health services. The Corporation oversees MHSB, EGH, Community Hospital of Bremen, Three Rivers Health, Beacon Medical Group (BMG), Beacon Health Foundation (BHF) (formerly Memorial Health Foundation, Inc. (MHF)), and Beacon Health Ventures, Inc. (BHV), collectively known as the "System."Beacon Health Foundation, Inc. (BHF) is a tax-exempt, non-private foundation. It was established in 1982 to provide philanthropic support to MHSB and continues to provide this support to the newly created Corporation through contributions and management of endowment funds. Beacon Health Foundation's mission is to support the work of Beacon Health System by inspiring generosity and commitment. BHF exists to allow people to support Beacon in a way that connects them with their impact on our work in the community. Beacon Health Foundation works to support Beacon Health System in three key ways:- Creating relationships- Inspiring investment- Stewarding resourcesCreating Relationships:Beacon Health Foundation (BHF) raises funds for Beacon Health System, Inc. BHF's job is to ensure that the charitable support of Beacon is used to create the most significant impact possible in a way that is most meaningful to each donor. The Health System relies on our community's support to ensure that we can always provide the highest quality services for every patient.Inspiring Investment:In 2024, fundraising at Beacon Health Foundation focused on the following areas:- Corporate fundraising- Grant writing, focusing on private, corporate and family foundations- Online giving- Major gift fundraising- Direct mail fundraisingFunds available at BHF to support Memorial's mission as of December 31, 2024:Children's Services $1,982,465Trauma Services $6,957,508System Priorities $955,113Cancer Services $225,344Stewarding Resources:In 2024, funds from Beacon Health Foundation were to support the following areas at Beacon:Distribution Fund Description and Amount: Cancer Services $5,049 Cardiovascular Services $1,802 Children's Services $771,277Children's Support Services $94,898Community Impact $193,237Continuing Education $58,274Education Endowments Spendable $45,702Emergency/Trauma Services $38,899Events $157,552Family Medicine Residency $69,582Patient Care Programs $2,028,100Physician Philanthropy Council $137,508Scholarships $55,960Support Services $127,813System Priorities $633,841Women's Services $8,709Total $4,428,203Expenses $4,454,433 · grants $4,454,433
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1536129
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $50,468,125
- Income (IRS master file)
- $29,706,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,329,363 | $6,481,369 | $50,468,125 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,047,687 | $3,235,138 | $42,645,248 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,567,283 | $4,623,482 | $38,937,076 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1536129).
Questions about BEACON HEALTH FOUNDATION INC
- What is the EIN of BEACON HEALTH FOUNDATION INC?
- The employer identification number (EIN) of BEACON HEALTH FOUNDATION INC is 35-1536129.
- Is BEACON HEALTH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to BEACON HEALTH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEACON HEALTH FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEACON HEALTH FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEACON HEALTH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BEACON HEALTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Kreg Gruber.
- Who are the officers and directors of BEACON HEALTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does BEACON HEALTH FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,329,363, expenses of $6,481,369 and total assets of $50,468,125 at year end.
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