City Of Hope Medical Foundation
- Assets
- $549.6m
- Revenue
- $708.5m
- Investments
- $0.0
- Employees
- 755
- Location
- Duarte, CA
- Founding
- 11/2012
- Data as of
- 09/2022
- EIN
- 27-4803222
Organization Overview
City Of Hope Medical Foundation is located in Duarte, CA. The organization was established in 2012. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2023, City Of Hope Medical Foundation employed 755 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Hope Medical 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 09/2022, City Of Hope Medical Foundation generated $708.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $674.0m during the year ending 09/2022. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL CARE FOR PEOPLE WITH CANCER, DIABETES AND OTHER LIFE-THREATENING DISEASES AS PART OF A COORDINATED HEALTHCARE DELIVERY SYSTEM OPERATED BY CITY OF HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF A COORDINATED HEALTH CARE DELIVERY SYSTEM IN SOUTHERN CALIFORNIA, THE MEDICAL FOUNDATION OPERATES IN OVER 20 LOCATIONS IN FIVE COUNTIES, PROVIDES OR ARRANGES FOR THE PROVISION OF MEDICAL CARE AND TREATMENT OF PERSONS SUFFERING FROM CANCER AND OTHER LIFE-THREATENING DISEASES. AS PART OF CITY OF HOPE'S MISSION OF CREATING GREATER INTEGRATION AND COORDINATION OF PATIENT CARE, RESEARCH AND EDUCATION SERVICES, THE MEDICAL FOUNDATION ALSO PROVIDES OR ARRANGES FOR THE PROVISION OF CERTAIN PATIENT CARE AND ON-CALL COVERAGE SERVICES, RESEARCH, TEACHING AND ADMINISTRATIVE SERVICES TO THE MEDICAL CENTER. THROUGH THESE CLINICS AND VARIOUS AGREEMENTS, THE MEDICAL CENTER IS ABLE TO ENSURE THAT PATIENT CARE, AS WELL AS ACCOMPANYING CLINICAL RESEARCH AND COMMUNITY EDUCATION, IS PROVIDED SEAMLESSLY THROUGH A FULLY INTEGRATED NETWORK OF PROVIDERS. THE MEDICAL FOUNDATION AND THE MEDICAL CENTER AIM TO CONTINUE TO BROADEN THE AVAILABILITY OF HEALTH CARE AND CLINICAL RESEARCH SERVICES FOR VULNERABLE POPULATIONS INCLUDING MEDICARE AND MEDI-CAL BENEFICIARIES AND CHARITY CARE PATIENTS. CITY OF HOPE MAKES A RANGE OF SERVICES AVAILABLE TO BENEFICIARIES OF THESE PROGRAMS ON A NON-DISCRIMINATORY BASIS WITHIN ITS INPATIENT AND OUTPATIENT FACILITIES, INCLUDING THE MEDICAL CENTER AND THE MEDICAL FOUNDATION, AND MAKES SIGNIFICANT INVESTMENTS IN COMMUNITY BENEFIT ACTIVITIES. THE MEDICAL FOUNDATION PARTICIPATES IN THESE ACTIVITIES CONSISTENT WITH ITS CHARITABLE PURPOSES. THE MEDICAL FOUNDATION PLAYS AN INTEGRAL ROLE IN ENSURING THE COORDINATION AND AVAILABILITY OF RESEARCH TO BENEFIT PATIENT CARE. THROUGH THE MEDICAL FOUNDATION, ACCESS TO CLINICAL TRIALS AND DRUG STUDIES ARE MADE AVAILABLE TO A WIDER BASE OF PATIENTS WHO WISH TO REMAIN IN THE COMMUNITY TO RECEIVE THEIR SPECIALIZED CARE. THE MEDICAL CENTER OFFERS ACCREDITED TRAINING PROGRAMS AND SERVICES THAT SERVE STUDENTS, POSTDOCTORAL TRAINEES, PHYSICIANS, NURSES AND OTHER HEALTH-CARE PROFESSIONALS. THE MEDICAL FOUNDATION SUPPORTS THESE PROGRAMS BY PROVIDING PROFESSIONAL PROVIDERS WHO SERVE AS SUPERVISORS AND MENTORS FOR PARTICIPANTS IN SUCH TRAINING AND THROUGH THE VARIOUS RESEARCH, TEACHING, AND ADMINISTRATIVE SERVICES PROVIDED BY THE FOUNDATION. THE MEDICAL FOUNDATION ALSO ASSISTS IN COMMUNITY EDUCATION AND DISEASE PREVENTION PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director & Chair Of The Board | OfficerTrustee | 3 | $0 |
Name Not Listed Director & Chief Executive | OfficerTrustee | 30 | $493,590 |
Name Not Listed Director & Svp, Physician In Chief - Oc | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director & Chief Medical Officer | Trustee | 3 | $52,490 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Hope Medical Group Inc Professional Services | 9/29/23 | $275,465,504 |
Tis Construction Services Inc Construction Services | 9/29/23 | $2,649,178 |
Conam Building Co Construction Services | 9/29/23 | $1,816,882 |
Pacific Construction Group Construction Services | 9/29/23 | $1,100,362 |
Logicalis Inc It Consulting Services | 9/29/23 | $1,081,749 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,206,333 |
| Government grants | $1,976,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,183,098 |
| Total Program Service Revenue | $697,696,410 |
| Investment income | $735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | -$16,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,498,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,172,192 |
| Compensation of current officers, directors, key employees. | $3,172,192 |
| Compensation to disqualified persons | $97,683 |
| Other salaries and wages | $55,843,637 |
| Pension plan accruals and contributions | $1,020,716 |
| Other employee benefits | $6,383,493 |
| Payroll taxes | $4,458,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,681 |
| Fees for services: Accounting | $3,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,936,068 |
| Advertising and promotion | $320,645 |
| Office expenses | $2,416,771 |
| Information technology | $2,152,174 |
| Royalties | $0 |
| Occupancy | $9,852,699 |
| Travel | $227,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,653 |
| Interest | $2,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,437,838 |
| Insurance | $897,969 |
| All other expenses | $582,031 |
| Total functional expenses | $673,963,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,207,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,401,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,380,334 |
| Prepaid expenses and deferred charges | $1,002,424 |
| Net Land, buildings, and equipment | $54,839,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,277,351 |
| Intangible assets | $42,662,623 |
| Other assets | $370,846,174 |
| Total assets | $549,617,393 |
| Accounts payable and accrued expenses | $67,611,365 |
| Grants payable | $0 |
| Deferred revenue | $604,334 |
| 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 | $217,981,254 |
| Total liabilities | $286,196,953 |
| Net assets without donor restrictions | $263,420,440 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $549,617,393 |