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EIN 46-5054207

Michigan Health Endowment Fund

IRS 501(c) type
501(c)(3)
Num. employees
24
City
Brighton
State
Michigan
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
E80: Health, General and Financing
Description
To improve the health of Michigan residents and reduce the cost of health care with special emphasis on the health and wellness of children and seniors.
Total revenues
$108,315,323
2022
Total expenses
$58,510,745
2022
Total assets
$363,800,759
2022
Num. employees
24
2022

Program areas at Michigan Health Endowment Fund

The Fund provides grants to various public charities to help improve the Health of Michigan residents and reduce the cost of Health care, with a special emphasis on the Health and wellness of children and seniors.
Under its statutorily required medicare supplemental insurance (medigap) subsidy program, the Fund provides subsidies to eligible seniors through 2022 for a total of $120 million.

Grants made by Michigan Health Endowment Fund

GranteeGrant descriptionAmount
Holy Cross ServicesParent Partners$500,000
Progressive LifestylesA Confident Journey When Newly Diagnosed With Dementia$500,000
Region IV Area Agency on AgingIntegrated Care at Home$500,000
...and 144 more grants made totalling $29,677,512

Personnel at Michigan Health Endowment Fund

NameTitleCompensation
Neel HajraChief Executive Officer$307,200
Sharon KaraboyasC.o.o and C.f.o.$182,500
Kari SederburgVice President , Programs and Director , Healthy Aging$173,385
Alan HarrisDirector of Investments$228,269
Hayley RobertsCommunications Director$141,769
...and 18 more key personnel

Financials for Michigan Health Endowment Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$100,000,000
Program services$0
Investment income and dividends$8,464,227
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-148,904
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$108,315,323

Form 990s for Michigan Health Endowment Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-09990View PDF
2020-122021-09-14990View PDF
2019-122020-12-14990View PDF
2018-122019-10-28990View PDF
...and 5 more Form 990s
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 7, 2024
Updated personnel
Identified 2 new personnel
December 26, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Ethel and James Flinn Foundation
Nonprofit Types
Insurance companiesHealth organizationsCharities
Issues
Health
Characteristics
Provides grantsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
9829 Spencer Rd 201
Brighton, MI 48114
Metro area
Detroit-Warren-Dearborn, MI
Website URL
mihealthfund.org/ 
Phone
(517) 374-0031
IRS details
EIN
46-5054207
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E80: Health, General and Financing
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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