Nonprofit · EIN 85-4388186
MARY FREE BED INSURANCE COMPANY PCC
Tax-exempt · GRAND RAPIDS, MI 49503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $2,479,287 | $3,105,602 | -$626,315 | $4,722,629 | $3,865,523 | $857,106 |
| March 31, 2024 | 990 | $2,219,494 | $3,179,283 | -$959,789 | $4,126,609 | $3,204,954 | $921,655 |
| March 31, 2023 | 990 | $2,314,157 | $1,741,345 | $572,812 | $4,768,464 | $2,987,953 | $1,780,511 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,401,958
- Investment income
- $77,329
- Net gain from sales of assets
- -$24,540
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $69,575
- Program services (functional)
- $2,930,473
- Management and general (functional)
- $175,129
Balance sheet and other
- Total assets, start of year
- $4,126,609
- Total assets, end of year
- $4,722,629
- Total liabilities, end of year
- $3,865,523
- Net assets, end of year
- $857,106
- Publicly traded securities
- $1,665,902
- Gross receipts
- $3,504,505
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- DC
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENT RIDDLE | SECRETARY Trustee or director, Officer | 1 | $0 | $1,175,262 | $41,635 |
| RYAN PODVIN | TREASURER Trustee or director, Officer | 1 | $0 | $394,082 | $45,866 |
| NATHANIEL GUZMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $213,625 | $12,957 |
990 for the year ended March 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENT RIDDLE | SECRETARY Trustee or director, Officer | 1 | $0 | $1,065,549 | $62,494 |
| RYAN PODVIN | TREASURER Trustee or director, Officer | 1 | $0 | $357,902 | $66,261 |
| NATHANIEL GUZMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $198,338 | $16,817 |
990 for the year ended March 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENT RIDDLE | SECRETARY Trustee or director, Officer | 1 | $0 | $1,090,250 | $32,133 |
| DR MICHAEL JAKUBOWSKI MD | TREASURER Trustee or director, Officer | 1 | $0 | $504,025 | $37,586 |
| WILLIAM LAPE | PRESIDENT Trustee or director, Officer | 39 | $0 | $270,107 | $21,242 |
Address and contacts
- Address (IRS master file)
- 235 WEALTHY ST SE, GRAND RAPIDS, MI 49503-5247
- Principal officer (990 for 2024)
- RYAN PODVIN, 235 WEALTHY ST SE, GRAND RAPIDS, MI 49503
- Signed the 990
- RYAN PODVIN, CFO
- Phone
- (800) 528-8989
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE MARY FREE BED INSURANCE COMPANY PCC, SUPPORTS THE NOT FOR PROFIT MISSION OF ITS PARENT, THE MARY FREE BED REHABILITATION HOSPITAL, AND THE COMMUNITY SERVED BY ITS PARENT, BY ENHANCING THE MANAGEMENT OF PATIENT, EMPLOYEE AND OTHER RISKS, THUS REDUCING THE TOTAL COST OF ITS PARENT'S ENTERPRISE RISK.
Program accomplishments
- THE CAPTIVE ISSUES DEDUCTIBLE REIMBURSEMENT POLICIES TO ITS NOT-FOR-PROFIT OWNER FOR LOSSES INCURRED UNDER COMMERCIAL INSURANCE POLICIES, COVERING GENERAL AND PROFESSIONAL LIABILITY, AND EXCESS WORKERS COMPENSATION AND EMPLOYEE MEDICAL PLAN EXPENSES. CAPTIVE PROMOTES THE HEALTH OF THE COMMUNITY IT AND MFB SERVE THROUGH VARIOUS MEANS, INCLUDING, BUT NOT LIMITED TO, PROVIDING HEALTH CARE SERVICES TO ALL PERSONS SEEKING CARE AT CAPTIVE'S PARENT'S FACILITIES WITHOUT REGARD TO ANY PERSON'S ABILITY TO PAY FOR SUCH CARE, AND, IN PARTICULAR, PROVIDING HEALTH CARE SERVICES ON A NON-DISCRIMINATORY BASIS TO ALL MEDICARE AND MEDICAID PATIENTS SEEKING CARE AT CAPTIVE'S FACILITIES.Expenses $2,930,473 · revenue $2,401,958
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4388186
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20)
- Assets (IRS master file)
- $4,722,629
- Income (IRS master file)
- $3,504,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,479,287 | $3,105,602 | $4,722,629 | XML |
| 990 | March 2024 | $2,219,494 | $3,179,283 | $4,126,609 | XML |
| 990 | March 2023 | $2,314,157 | $1,741,345 | $4,768,464 | XML |
| 990 | March 2022 | $2,103,477 | $1,179,441 | $4,395,711 | IRS |
| 990 | March 2021 | – | – | – | 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 85-4388186).
Questions about MARY FREE BED INSURANCE COMPANY PCC
- What is the EIN of MARY FREE BED INSURANCE COMPANY PCC?
- The employer identification number (EIN) of MARY FREE BED INSURANCE COMPANY PCC is 85-4388186.
- Is MARY FREE BED INSURANCE COMPANY PCC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARY FREE BED INSURANCE COMPANY PCC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MARY FREE BED INSURANCE COMPANY PCC 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 MARY FREE BED INSURANCE COMPANY PCC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARY FREE BED INSURANCE COMPANY PCC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of MARY FREE BED INSURANCE COMPANY PCC?
- The 990 for the year ended March 31, 2025 names RYAN PODVIN.
- Who are the officers and directors of MARY FREE BED INSURANCE COMPANY PCC?
- The 990 for the year ended March 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MARY FREE BED INSURANCE COMPANY PCC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,479,287, expenses of $3,105,602 and total assets of $4,722,629 at year end.
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All nonprofits in GRAND RAPIDS · Michigan · Mutual and membership benefit