St Mary Medical Center Foundation

Organization Overview

St Mary Medical Center Foundation is located in Long Beach, CA. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Mary Medical Center 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 06/2022, St Mary Medical Center Foundation generated $18.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT DIGNITY HEALTH DBA ST. MARY MEDICAL CENTER IN THE LONG BEACH AREA IN PROVIDING HEALTH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS AN IRC SEC 509(A)(3) SUPPORTING ORGANIZATION TO DIGNITY HEALTH, DBA ST. MARY MEDICAL CENTER ("HOSPITAL"). AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE HOSPITAL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Diane Mansfield
Consultant
$104,802
Netzel Associations Inc
Consultant
$100,620
Netzel Associations Inc
Consultant
$100,620
Diane Mansfield
Consultant
$104,802
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$152,507
Related organizations$1,370,168
Government grants $130,505
All other contributions, gifts, grants, and similar amounts not included above$4,228,067
Noncash contributions included in lines 1a–1f $56,888
Total Revenue from Contributions, Gifts, Grants & Similar$5,881,247
Total Program Service Revenue$0
Investment income $756,893
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,965,590
Net Income from Fundraising Events -$1,603
Net Income from Gaming Activities $16,350
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,618,586

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