Saddleback Memorial Foundation
- Assets
- $173.9m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Laguna Hills, CA
- Founding
- 03/2014
- Data as of
- 06/2021
- EIN
- 33-0011887
Organization Overview
Saddleback Memorial Foundation, operating under the name MemorialCare Saddleback Medical Center Foundation, is located in Laguna Hills, CA. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, MemorialCare Saddleback Medical Center Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MemorialCare Saddleback 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 06/2021, MemorialCare Saddleback Medical Center Foundation generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP THE PHILANTHROPIC RESOURCES NECESSARY TO STRENGTHEN THE ABILITY OF SADDLEBACK MEMORIAL MEDICAL CENTER TO ENHANCE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES, AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS FOR SADDLEBACK MEMORIAL MEDICAL CENTER CAPITAL ITEMS (SEE SCHEDULE I).
PROVIDED GRANT FOR SADDLEBACK MEMORIAL MEDICAL CENTER'S HOSPICE PROGRAM (SEE SCHEDULE I).
PROVIDED GRANT FOR SADDLEBACK MEMORIAL MEDICAL CENTER'S EMERGENCY RESPONSE (DUE TO COVID-19) (SEE SCHEDULE I).
OTHER PROGRAM SERVICES CONSIST OF GRANTS TO SADDLEBACK MEMORIAL MEDICAL CENTER FOR THE FOLLOWING AMOUNTS AND RELATED PROGRAMS: MEMORIALCARE SENIOR PLUS PROGRAM, A SENIOR ADVOCACY SERVICE, FOR $35,000LDRP DINING CHAIRS REPLACEMENT $24,835SCHOLARSHIP PROGRAM $22,200LDRP POSTPARTUM SUPPORT GROUP $10,400INFANT SAFETY CPR CLASSES $10,000NURSING EDUCATION AND CERTIFICATION $5,210CHILD ABUSE PREVENTION PROGRAM $2,500WOMEN'S HOSPITAL BEREAVEMENT PROGRAM $1,500NURSES WEEK SUPPORT $1,000AGE-FRIENDLY SERVICES PROGRAM $1,000WOMEN'S HOSPITAL NICU DIARIES $1,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Ward President (from 5/31/21) | OfficerTrustee | 60 | $0 |
Cathy Han MD Board Chair | OfficerTrustee | 1 | $0 |
Cecilia Belew President (thru 2/2/21) | OfficerTrustee | 23 | $0 |
Stephen B Gedit Board Vice Chair | OfficerTrustee | 1 | $0 |
Glen Yasui Board Treasurer | OfficerTrustee | 1 | $0 |
Heidi Stoops Board Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Investments Investment Advisory | 6/29/18 | $147,199 |
Beacon Pointe Advisors Investment Advisory | 6/29/18 | $103,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,362,145 |
| Noncash contributions included in lines 1a–1f | $250,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,362,145 |
| Total Program Service Revenue | $0 |
| Investment income | $2,202,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,694,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,310,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,026 |
| 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. | $644,433 |
| Compensation of current officers, directors, key employees. | $309,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,754 |
| Pension plan accruals and contributions | $15,626 |
| Other employee benefits | $78,924 |
| Payroll taxes | $80,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,847 |
| Fees for services: Accounting | $64,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $367,058 |
| Fees for services: Other | $179,248 |
| Advertising and promotion | $0 |
| Office expenses | $38,559 |
| Information technology | $47,525 |
| Royalties | $0 |
| Occupancy | $3,790 |
| Travel | $98 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,932 |
| All other expenses | $667 |
| Total functional expenses | $2,380,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,260,121 |
| Savings and temporary cash investments | $115,903 |
| Pledges and grants receivable | $462,446 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $157,859,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,186,969 |
| Total assets | $173,885,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $4,486,460 |
| Total liabilities | $4,486,460 |
| Net assets without donor restrictions | $69,186,162 |
| Net assets with donor restrictions | $100,212,562 |
| 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 | $173,885,184 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Saddleback Memorial Foundation has recieved totaling $1,261,015.
| Awarding Organization | Amount |
|---|---|
Henry L Guenther Foundation Seal Beach, CA PURPOSE: TO UPDATE THREE CATH LABS. | $600,000 |
Henry L Guenther Foundation Seal Beach, CA PURPOSE: TO UPDATE THREE CATH LABS. | $600,000 |
Kramer Fam Foundation Detroit, MI PURPOSE: UNRESTRICTED GRANT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,750 |
The Al And Mary Ann Schoellerman Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,000 |
Endowment Analysis
| Beg. Balance | $67,329,242 |
| Earnings | $14,579,510 |
| Admin Expense | $147,796 |
| Net Contributions | $13,733 |
| Grants | $1,638,278 |
| Ending Balance | $80,136,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |
Rodan & Fields Prescription For Change Foundation San Francisco, CA | $4,001,646 | $2,863,722 |
Mz Foundation San Francisco, CA | $44,105,186 | $1,119,650 |
Northridge Hospital Foundation Northridge, CA | $34,105,593 | $7,650,276 |