Intermountain Healthcare Foundation Inc
- Assets
- $1.0b
- Revenue
- $102.2m
- Investments
- $62.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 80-0225150
Organization Overview
Intermountain Healthcare Foundation Inc is located in Salt Lake City, UT. The organization was established in 2009. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Intermountain Healthcare Foundation Inc 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 12/2021, Intermountain Healthcare Foundation Inc generated $102.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $42.7m during the year ending 12/2021. While expenses have increased by 16.1% per year over the past 7 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.
Since 2014, Intermountain Healthcare Foundation Inc has awarded 46 individual grants totaling $241,494,263. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STRATEGIC AND FIDUCIARY LEADERSHIP FOR PHILANTHROPIC ENDEAVORS OF IHC HEALTH SERVICES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMOUNTAIN HEALTHCARE FOUNDATION, INC. ("FOUNDATION") SUPPORTED THE HEALTHCARE ACTIVITIES OF IHC HEALTH SERVICES, INC. ("HEALTH SERVICES") BY ENHANCING AND STRENGTHENING THE RELATIONSHIP BETWEEN THE FOUNDATION AND COMMUNITY LEADERS AND BY DEVELOPING FINANCIAL AND CHARITABLE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Marc Harrison MD Trustee / Vice President | OfficerTrustee | 3 | $0 |
Albert R Zimmerli Trustee / Secretary / Treasurer | OfficerTrustee | 1 | $0 |
David L Flood Trustee / President | OfficerTrustee | 50 | $0 |
A Scott Anderson Trustee / Chair | OfficerTrustee | 3 | $0 |
James D Laub Trustee / Vice Chair | OfficerTrustee | 3 | $0 |
Brad Bonham Trustee (partial) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghiorsi & Sorrenti Inc Fundraising Consultant | 12/30/21 | $230,000 |
Silchester International Investors Inc Investment Management | 12/30/21 | $224,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,731 |
| Membership dues | $0 |
| Fundraising events | $2,456,893 |
| Related organizations | $6,073,788 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,233,489 |
| Noncash contributions included in lines 1a–1f | $4,207,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,780,901 |
| Total Program Service Revenue | $0 |
| Investment income | $7,613,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,796,938 |
| Net Income from Fundraising Events | -$978,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,213,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,179,435 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| 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 | $34,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $362,150 |
| Fees for services: Investment Management | $337,510 |
| Fees for services: Other | $436,269 |
| Advertising and promotion | $66,021 |
| Office expenses | $392,785 |
| Information technology | $201,195 |
| Royalties | $0 |
| Occupancy | $2,760 |
| Travel | $189,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,589 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,927 |
| Insurance | $0 |
| All other expenses | $6,311 |
| Total functional expenses | $42,700,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,827,717 |
| Pledges and grants receivable | $114,983,884 |
| 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 | $752,163,819 |
| Investments—other securities | $62,228,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,418,526 |
| Total assets | $1,015,622,351 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,127,472 |
| 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 | $510,926,677 |
| Total liabilities | $514,054,149 |
| Net assets without donor restrictions | $123,507,543 |
| Net assets with donor restrictions | $378,060,659 |
| 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 | $1,015,622,351 |
Grants Awarded
Over the last fiscal year, Intermountain Healthcare Foundation Inc has awarded $40,179,435 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: HOSPITAL SUPPORT | $39,158,296 |
Salt Lake City, UT PURPOSE: RESEARCH AND EDUCATION | $926,457 |
Birmingham, AL PURPOSE: HCRN CLINSITE RESEARCH | $50,000 |
Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $38,682 |
Ogden, UT PURPOSE: EDUCATION | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Intermountain Healthcare Foundation Inc has recieved totaling $20,255,541.
| Awarding Organization | Amount |
|---|---|
Ihc Health Services Inc Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $6,068,023 |
Jerry And Kathleen Grundhofer Foundation Park City, UT PURPOSE: CAPITAL EXPANSION AND FINANCIAL ASSISTANCE | $4,500,000 |
Larry H Miller & Gail Miller Family Foundation Sandy, UT PURPOSE: GENERAL FINANCIAL SUPPORT | $3,000,000 |
Community Trust Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $2,000,000 |
Sorenson Legacy Foundation Midvale, UT PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500,000 |
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO SUPPORT PRIMARY CHILDREN'S HOSPITAL, PEDIATRIC CANCER AND INFUSION CENTER | $1,000,000 |
Endowment Analysis
| Beg. Balance | $336,187,907 |
| Earnings | $6,653,785 |
| Net Contributions | $75,948,101 |
| Other Expense | $40,729,134 |
| Ending Balance | $378,060,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Healthcare Foundation Inc Salt Lake City, UT | $1,015,622,351 | $102,213,208 |
Honorhealth Foundation Scottsdale, AZ | $342,615,174 | $47,488,942 |
Caring For Colorado Foundation Denver, CO | $220,943,329 | $2,890,743 |
Wyoming Medical Center Foundation Casper, WY | $297,053,839 | $17,341,207 |
St Lukes Health Foundation Ltd Boise, ID | $50,176,105 | $12,367,207 |
Healthcare Transitional Funding Corp Glendale, AZ | $463,333 | $25,480 |
Intermountain Community Care Foundation Inc Salt Lake City, UT | $555,039,402 | $294,432,556 |
Saint Joseph Hospital Foundation Denver, CO | $14,523,673 | $3,923,974 |
Health First Foundation-Northern Arizona Flagstaff, AZ | $53,020,022 | $5,292,258 |
Vail Health Services Foundation Vail, CO | $33,706,997 | $6,061,877 |
Utah Partners For Health Midvale, UT | $4,728,411 | $5,657,767 |
New Mexico Hospital Association Albuquerque, NM | $20,342,182 | $3,002,347 |