Memorial Health Services
- Assets
- $365.8m
- Revenue
- $377.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fountain Valley, CA
- Founding
- 03/2010
- Data as of
- 06/2021
- EIN
- 33-0687414
Organization Overview
Memorial Health Services is located in Fountain Valley, CA. The organization was established in 2010. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Health Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES THROUGH INNOVATION AND THE PURSUIT OF EXCELLENCE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry S Arbuckle Board Member | OfficerTrustee | 12 | $0 |
Tom Rogers Vice Chair | OfficerTrustee | 1 | $0 |
Sharon Cheever Chair | OfficerTrustee | 1 | $0 |
Teresa Evans Board Member | Trustee | 1 | $0 |
Thomas Feldmar Secretary | OfficerTrustee | 1 | $0 |
James W Gauss Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,721,493 |
| Investment income | $253,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,304,332 |
| 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. | $1,431,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,700,821 |
| Pension plan accruals and contributions | $5,981,634 |
| Other employee benefits | $29,802,779 |
| Payroll taxes | $7,406,946 |
| Fees for services: Management | $4,848,804 |
| Fees for services: Legal | $243,174 |
| Fees for services: Accounting | $147,947 |
| Fees for services: Lobbying | $50,676 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,273,984 |
| Advertising and promotion | $2,078,084 |
| Office expenses | $9,565,683 |
| Information technology | $16,755,479 |
| Royalties | $0 |
| Occupancy | $6,096,404 |
| Travel | $15,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,330 |
| Interest | $0 |
| Payments to affiliates | $10,211,000 |
| Depreciation, depletion, and amortization | $15,904,934 |
| Insurance | $4,560,294 |
| All other expenses | $0 |
| Total functional expenses | $365,430,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$159,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $47,396,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,648,399 |
| Prepaid expenses and deferred charges | $1,634,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,605,738 |
| Total assets | $365,843,553 |
| Accounts payable and accrued expenses | $76,581,713 |
| Grants payable | $0 |
| Deferred revenue | $13,750 |
| 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 | $38,093,479 |
| Total liabilities | $114,688,942 |
| 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 | $251,154,611 |