City Of Hope Medical Foundation
- Assets
- $286.8m
- Revenue
- $476.3m
- Investments
- $0.0
- Employees
- 586
- Location
- Duarte, CA
- Founding
- 11/2012
- Data as of
- 09/2020
- 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 09/2021, City Of Hope Medical Foundation employed 586 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 09/2020, City Of Hope Medical Foundation generated $476.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $449.1m during the year ending 09/2020. While expenses have increased by 11.3% per year over the past 6 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
2020
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. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Jensen Board Member/chief Executive | OfficerTrustee | 30 | $373,328 |
Jeffrey Walker Board Member (end 3/31/21)/coo | Trustee | 15 | $369,473 |
Jennifer Parkhurst Cfo/treasurer | Officer | 15 | $343,685 |
Debra F Fields Evp Chief Transformation Off | 15 | $315,025 | |
Robert W Stone Former Officer | 6 | $314,750 | |
Mark Hulse Chief Digital Officer | Officer | 15 | $262,139 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Hope Medical Group Prof. Services | 9/29/21 | $220,525,727 |
Tis Construction Services Inc Construction Service | 9/29/21 | $1,528,726 |
Png Builders Construction Service | 9/29/21 | $1,293,030 |
Porter Consulting Llc Consulting Services | 9/29/21 | $830,112 |
Medix Staffing Solutions Inc Staffing Services | 9/29/21 | $869,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,605,609 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,301,435 |
| Statement of Expenses | |
|---|---|
| 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. | $1,848,390 |
| Compensation to disqualified persons | $534,750 |
| Other salaries and wages | $38,737,974 |
| Pension plan accruals and contributions | $1,011,200 |
| Other employee benefits | $5,376,893 |
| Payroll taxes | $2,737,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,722 |
| Fees for services: Accounting | $25,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,847,890 |
| Advertising and promotion | $320,954 |
| Office expenses | $4,360,267 |
| Information technology | $935,613 |
| Royalties | $0 |
| Occupancy | $9,160,752 |
| Travel | $163,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,388 |
| Interest | $2,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,491,020 |
| Insurance | $496,072 |
| All other expenses | $0 |
| Total functional expenses | $449,126,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,058,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,654,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,912,467 |
| Prepaid expenses and deferred charges | $9,185,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,827,782 |
| Intangible assets | $152,000 |
| Other assets | $129,711,940 |
| Total assets | $286,816,667 |
| Accounts payable and accrued expenses | $41,075,824 |
| Grants payable | $0 |
| Deferred revenue | $25,136,273 |
| 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 | $52,799,558 |
| Total liabilities | $119,011,655 |
| 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 | $167,805,012 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Of Hope Medical Foundation has recieved totaling $15,014.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Altamed Health Services Corp Los Angeles, CA | $1,022,946,635 | $871,232,823 |
John Muir Physician Network Walnut Creek, CA | $217,370,876 | $548,794,015 |
City Of Hope Medical Foundation Duarte, CA | $286,816,667 | $476,301,435 |
Centro De Salud De La Comunidad De San Ysidro Inc San Diego, CA | $238,636,758 | $351,274,319 |
Sansum Clinic Santa Barbara, CA | $164,070,911 | $365,937,276 |
Pih Health Physicians Whittier, CA | $74,326,423 | $251,608,317 |
Adventist Health Physicans Network Roseville, CA | $39,004,576 | $214,976,388 |
El Rio Santa Cruz Neighborhood Health Center Inc Tucson, AZ | $174,632,326 | $224,059,717 |
Covid Clinic Inc Huntington Beach, CA | $42,754,746 | $198,823,036 |
Tuba City Regional Health Care Corporation Tuba City, AZ | $285,457,726 | $234,575,569 |
Clinica Sierra Vista Bakersfield, CA | $144,486,589 | $165,739,436 |
United Health Centers Of The San Joaquin Valley Fresno, CA | $268,106,783 | $188,055,938 |