Nonprofit · EIN 34-1517672
PROMEDICA FOUNDATION
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,387,903 | $19,302,765 | $13,085,138 | $392,846,170 | $4,225,342 | $388,620,828 |
| December 31, 2023 | 990 | $16,597,145 | $25,135,923 | -$8,538,778 | $359,883,093 | $21,416,622 | $338,466,471 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,766,753
- Program service revenue
- $0
- Investment income
- $5,780,692
- Net gain from sales of assets
- $3,744,097
- Net income from fundraising events
- -$159,545
- Other revenue
- -$159,542
Expenses
- Grants and similar amounts paid
- $13,351,309
- Other salaries and wages
- $1,321,710
- Salaries, compensation and benefits (total)
- $1,635,138
- Professional fundraising fees
- $128,516
- Occupancy
- $16,854
- Travel
- $31,225
- Program services (functional)
- $13,351,309
- Management and general (functional)
- $3,401,378
- Fundraising (functional)
- $2,550,078
Balance sheet and other
- Total assets, start of year
- $359,883,093
- Total assets, end of year
- $392,846,170
- Total liabilities, end of year
- $4,225,342
- Net assets, end of year
- $388,620,828
- Land, buildings and equipment
- $346,250
- Publicly traded securities
- $342,591,030
- Net assets without donor restrictions
- $258,960,902
- Net assets with donor restrictions
- $129,659,926
- Gross receipts
- $256,199,499
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1986
- State of legal domicile
- OH
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 |
|---|---|---|---|---|---|
| ARTURO POLIZZI | TRUSTEE/CEO Trustee or director, Officer | 1 | $0 | $3,119,320 | $14,012 |
| TERRENCE METZGER | TREASURER/CFO Officer | 1 | $0 | $1,209,318 | $6,610 |
| ANGELA BRANDT | TRUSTEE/CHIEF ADMINISTRATIVE OFFICER Trustee or director | 1 | $0 | $1,189,894 | $12,432 |
| STEPHEN SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER Officer | 1 | $0 | $1,180,376 | $6,038 |
| GARY CATES | PRESIDENT - PART YEAR Trustee or director, Officer | 1 | $0 | $686,162 | $5,907 |
| CHRISTI ANSBERG | PRESIDENT/CHIEF PHILANTHROPY OFFICER Trustee or director, Officer | 1 | $0 | $246,354 | $4,057 |
| BOB LACLAIR | TRUSTEE Trustee or director | 1 | $0 | $42,500 | $0 |
| JAMES HOFFMAN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $10,000 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ARTURO POLIZZI | PRESIDENT AND CEO Officer | 1 | $0 | $2,121,593 | $5,857 |
| STEVE SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER Trustee or director, Officer | 1 | $0 | $1,407,180 | $6,028 |
| STEVEN M CAVANAUGH | TREASURER, CFO - FORMER Former | 0 | $0 | $1,335,180 | $995 |
| ANGELA BRANDT | TRUSTEE/CAO Trustee or director, Officer | 1 | $0 | $1,233,231 | $2,999 |
| TERRENCE METZGER | TRUSTEE/CFO Trustee or director, Officer | 1 | $0 | $1,055,090 | $4,079 |
| JEFFREY C KUHN | SECRETARY, CHIEF LEGAL OFFICER - FORMER Former | 0 | $0 | $721,900 | $33,822 |
| GARY CATES | TRUSTEE/CPO Trustee or director | 1 | $0 | $612,874 | $1,294 |
| GARY AKENBERGER | CHIEF OPERATING OFFICER-FORMER Former | 0 | $0 | $528,647 | $14,077 |
| CHRISTI ANSBERG | VP PHILANTHROPY Key employee | 43 | $0 | $236,562 | $0 |
| DASA DZIERWA | ASSOCIATE VP FINANCE Highest-paid employee | 42 | $164,736 | $0 | $0 |
| ELIZABETH SAVAGE | AVP DEVELOPMENT Highest-paid employee | 45 | $151,866 | $0 | $1,811 |
| TARA O'ROURKE | SPECIAL GIVING DIRECTOR Highest-paid employee | 45 | $106,816 | $0 | $2,823 |
| ROBERT LACLAIR | TRUSTEE Trustee or director | 1 | $0 | $30,000 | $0 |
| JAMES HOFFMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $25,000 | $0 |
| LOUIS ROBICHAUX | TREASURER - PART YEAR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 MADISON AVE, TOLEDO, OH 43604-1516
- Principal officer (990 for 2024)
- TERRENCE METZGER, 100 MADISON AVE ATTN TAX DEPARTMENT, TOLEDO, OH 43604
- Signed the 990
- TERRENCE METZGER, CFO
- Phone
- (567) 585-3618
- Website
- WWW.PROMEDICA.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE PROMEDICA FOUNDATION'S MISSION IS TO GENERATE AND DIRECT THE UTILIZATION OF RESOURCES TO ENRICH EXISTING PROGRAMS AND FUND NEW SERVICES, INSPIRING EXCELLENCE IN THE PROVISION OF HEALTH CARE AND ENHANCING QUALITY OF LIFE FOR THE PEOPLE OF OUR COMMUNITY.
Program accomplishments
- PROMOTE HEALTH AND WELL-BEING WITH SUPPORT FOR MEDICAL CARE, MEDICAL EDUCATION, MEDICAL RESEARCH, AND SOCIAL DETERMINANTS OF HEALTH, AND BY SOLICITING CONTRIBUTIONS, PROVIDING GRANTS, AND INVESTING FUNDS TO GENERATE INCOME TO SUPPORT PROMEDICA HEALTH SYSTEM, INC. ENTITIES.Expenses $13,351,309 · grants $13,351,309
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
- 34-1517672
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $392,846,170
- Income (IRS master file)
- $256,199,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,387,903 | $19,302,765 | $392,846,170 | XML |
| 990 | December 2023 | $16,597,145 | $25,135,923 | $359,883,093 | XML |
| 990 | December 2022 | $21,490,515 | $21,862,373 | $332,575,061 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 34-1517672).
Questions about PROMEDICA FOUNDATION
- What is the EIN of PROMEDICA FOUNDATION?
- The employer identification number (EIN) of PROMEDICA FOUNDATION is 34-1517672.
- Is PROMEDICA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to PROMEDICA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does PROMEDICA FOUNDATION 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 PROMEDICA FOUNDATION 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 PROMEDICA FOUNDATION 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 PROMEDICA FOUNDATION?
- The 990 for the year ended December 31, 2024 names TERRENCE METZGER.
- Who are the officers and directors of PROMEDICA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does PROMEDICA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,387,903, expenses of $19,302,765 and total assets of $392,846,170 at year end.
Other nonprofits in TOLEDO
- RFS CHARITABLE FOUNDATION EIN 46-3924445 · last filed 990 for 2025
- FARM LABOR RESEARCH PROJECT INC EIN 34-1329126 · last filed 990 for 2024
- FOP 40 CHARITIES INC EIN 45-4698319 · last filed 990-EZ for 2025
- OVERFLOW EIN 35-2539141 · last filed 990-EZ for 2025
- TOLEDO BUFFALO SOLDIERS MOTORCYCLE CLUB EIN 46-4127145 · last filed 990-EZ for 2024
- NATIONAL ASSOCIATION OF NEGRO BUSIN ESS AND PROFESSIONAL WOMENS C EIN 01-0868754 · last filed 990-EZ for 2025
- THE INSPIRED LUMBER PROJECT EIN 99-2694588 · last filed 990-EZ for 2024
- ROCKET INNOVATIONS CORP EIN 20-5015970 · last filed 990 for 2025
All nonprofits in TOLEDO · Ohio · Public and societal benefit