Sun Health Foundation
- Assets
- $45.2m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Sun City West, AZ
- Founding
- 07/1971
- Data as of
- 06/2021
- EIN
- 23-7107959
Organization Overview
Sun Health Foundation is located in Sun City West, AZ. The organization was established in 1971. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Sun Health Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sun Health Foundation generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sun Health Foundation has awarded 31 individual grants totaling $54,209,576. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUN HEALTH FOUNDATION IS A PHILANTHROPIC PARTNER OF TWO MEDICAL CENTERS, A RESEARCH INSTITUTE & THREE SENIOR LIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PARTNERSHIP WITH GENEROUS DONORS, SUN HEALTH FOUNDATION PROVIDED $5,120,548 IN PHILANTHROPIC SUPPORT TO BANNER BOSWELL MEDICAL CENTER (A NATIONALLY RECOGNIZED 410-BED ACUTE CARE HOSPITAL), BANNER DEL E WEBB MEDICAL CENTER (A 391-BED NATIONALLY RECOGNIZED ACUTE CARE HOSPITAL), BANNER SUN HEALTH RESEARCH INSTITUTE WITH RESEARCH FOCUS ON DISEASES OF THE AGING, AND OTHER COMMUNITY HEALTH INITIATIVES INCLUDING NURSING EDUCATION, BANNER OLIVE BRANCH SENIOR CENTER, LA LOMA CARE CENTER, GRANDVIEW TERRACE CARE CENTER, GRANDVIEW TERRACE MEMORY SUPPORT SUITES, THE CENTER FOR HEALTH AND WELLBEING, CARE TRANSITIONS PROGRAM AND COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph E La Rue President | OfficerTrustee | 2 | $0 |
Sharon Grambow CFO End 3/23 | Officer | 8 | $0 |
Gina Ore Chief Philanthr. Off. End 5/23 | Officer | 40 | $0 |
Joan Smith Chair | OfficerTrustee | 0.5 | $0 |
Michael Barnes Vice Chair | OfficerTrustee | 0.5 | $0 |
Larry Vering Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rox Media Llc Advertising | 6/29/23 | $143,770 |
Brand Agency Llc Advertising | 6/29/23 | $244,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,262,854 |
| Investment income | $219,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $644,313 |
| Net Income from Fundraising Events | -$34,995 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $598,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,692,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $291,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,572,370 |
| Pension plan accruals and contributions | $96,262 |
| Other employee benefits | $176,839 |
| Payroll taxes | $101,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,927 |
| Fees for services: Accounting | $21,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,095 |
| Advertising and promotion | $0 |
| Office expenses | $2,558 |
| Information technology | $1,596 |
| Royalties | $0 |
| Occupancy | $9,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $491,138 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,775,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,929 |
| Savings and temporary cash investments | $3,654,914 |
| Pledges and grants receivable | $413,576 |
| Accounts receivable, net | $4,022,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,713 |
| Investments—publicly traded securities | $35,368,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,622,115 |
| Total assets | $45,205,906 |
| Accounts payable and accrued expenses | $287,341 |
| Grants payable | $8,925,248 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,066,289 |
| Total liabilities | $13,278,878 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $31,927,028 |
Grants Awarded
Over the last fiscal year, Sun Health Foundation has awarded $4,644,409 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LA LOMA SENIOR LIVING PURPOSE: SUPPORT | $250,963 |
SUN HEALTH SERVICES PURPOSE: HOSPITAL EXPANSION | $4,253,758 |
SUN CITY WEST FOUNDATION PURPOSE: COMMUNITY SERVICES | $139,688 |