Sibley Memorial Hospital Foundation
- Assets
- $134.1m
- Revenue
- $22.7m
- Investments
- $109.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2008
- Data as of
- 06/2021
- EIN
- 45-0562642
Organization Overview
Sibley Memorial Hospital Foundation is located in Washington, DC. The organization was established in 2008. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Sibley Memorial Hospital 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, Sibley Memorial Hospital Foundation generated $22.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $10.2m during the year ending 06/2021. While expenses have increased by 21.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR SIBLEY MEMORIAL HOSPITAL IN PROVIDING QUALITY HEALTH SERVICES AND FACILITIES FOR THE COMMUNITY, PROMOTING WELLNESS, RELIEVING SUFFERING, AND RESTORING HEALTH.
Describe the Organization's Program Activity:
THE PROGRAM SERVICE OF SIBLEY MEMORIAL HOSPITAL FOUNDATION IS TO SUPPORT THE OPERATIONS OF SIBLEY MEMORIAL HOSPITAL.THE OBJECTIVE OF THE PROGRAM SERVICE OF SIBLEY MEMORIAL HOSPITAL FOUNDATION IS TO RECEIVE, ADMINISTER AND EXPEND FUNDS FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF SIBLEY MEMORIAL HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Shannon Former Vice President | 60 | $123,840 | |
Kristen J Pruski Cfre Vice President | Officer | 60 | $27,152 |
Hasan Zia MD President & Trustee | OfficerTrustee | 10 | $0 |
Martin Basso Treasurer & CFO | Officer | 10 | $0 |
Barbara Lang Secretary | Officer | 1 | $0 |
Steve Best Trustee | Trustee | 1 | $0 |
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 | $13,170,725 |
| Noncash contributions included in lines 1a–1f | $736,423 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,170,725 |
| Total Program Service Revenue | $0 |
| Investment income | $2,582,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,967,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,720,776 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $860,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,325 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $414,150 |
| Fees for services: Other | $491,770 |
| Advertising and promotion | $11,105 |
| Office expenses | $9,830 |
| Information technology | $133,645 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,635 |
| All other expenses | $250 |
| Total functional expenses | $10,194,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,925,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,391,895 |
| 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 | $97,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $109,641,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,166 |
| Total assets | $134,065,597 |
| Accounts payable and accrued expenses | $633,525 |
| 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 | $4,627,259 |
| Total liabilities | $5,260,784 |
| Net assets without donor restrictions | $73,219,635 |
| Net assets with donor restrictions | $55,585,178 |
| 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 | $134,065,597 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sibley Memorial Hospital Foundation has recieved totaling $263,250.
| Awarding Organization | Amount |
|---|---|
Farvue Foundation Inc Washington, DC PURPOSE: SUPPORT | $250,000 |
Rancho Foundation Kentfield, CA PURPOSE: CONTRIBUTION TO GENERAL FUND | $11,750 |
The Matz Family Foundation Washington, DC PURPOSE: SUPPORT HOSPITAL OPERATIONS | $1,000 |
Jerold J & Marjorie N Principato Foundation Inc Chevy Chase, MD PURPOSE: GENERAL GRANT | $500 |
Endowment Analysis
| Beg. Balance | $22,929,686 |
| Earnings | $1,264,000 |
| Ending Balance | $24,193,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Calvert Health System Inc Prince Frederick, MD | $134,464,089 | $23,125,484 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |