Washington Adventist Hospital Foundation Inc
- Assets
- $3.5m
- Revenue
- $691.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 52-1692158
Organization Overview
Washington Adventist Hospital Foundation Inc, operating under the name Adventist Healthcare White Oak Medical Center Foundation, is located in Gaithersburg, MD. The organization was established in 1990. 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. Adventist Healthcare White Oak 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 12/2022, Adventist Healthcare White Oak Medical Center Foundation generated $691.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $309.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 8 years. 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
PROVIDE FINANCIAL AND OTHER ASSISTANCE TO WHITE OAK MEDICAL CENTER, CONTINUES ON SCHEDULE O. PROVIDE FINANCIAL AND OTHER ASSISTANCE TO WHITE OAK MEDICAL CENTER FOR MEETING THE MEDICAL AND HEALTHCARE NEEDS OF LOWER MONTGOMERY AND PRINCE GEORGES COUNTIES, MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE WASHINGTON ADVENTIST HOSPITAL FOUNDATION, D/B/A ADVENTIST HEALTHCARE WHITE OAK MEDICAL CENTER FOUNDATION IS TO PROVIDE PHILANTHROPIC SUPPORT TO THE WORK AND MISSION OF ADVENTIST HEALTHCARE, INC., D/B/A ADVENTIST HEALTHCARE WHITE OAK MEDICAL CENTER BY ENCOURAGING THE COMMUNITY TO SUPPORT THE MANY SERVICES AND PROGRAMS NECESSARY FOR THE HOSPITAL TO MEET THE HEALTHCARE NEEDS OF OUR COMMUNITY. DONATIONS ARE GENERATED THROUGH THE CULTIVATION OF MAJOR GIFTS, CAPITAL CAMPAIGNS, AN ANNUAL GIVING PROGRAM THAT INCLUDES EMPLOYEE GIVING AND SPECIAL EVENTS, SUCH AS OUR ANNUAL GOLF TOURNAMENT. FROM THE VERY SMALLEST TO THE LARGEST, EVERY SINGLE GIFT MEANS THE BEST OF CARE IS ACCESSIBLE AND AVAILABLE TO OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Stahl President, Womc | Trustee | 2 | $0 |
Andrew Dziuban Avp, Foundation | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $183,230 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $578,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,060 |
| Total Program Service Revenue | $0 |
| 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 | -$70,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $259,393 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $50,129 |
| Total functional expenses | $309,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,613,892 |
| Savings and temporary cash investments | $427,729 |
| Pledges and grants receivable | $673,642 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $801,819 |
| Total assets | $3,517,082 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,141,019 |
| Net assets with donor restrictions | $2,376,063 |
| 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 | $3,517,082 |