Montage Health Foundation
- Assets
- $198.9m
- Revenue
- $28.2m
- Investments
- $55.3m
- Employees
- 21
- Location
- Monterey, CA
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-2889645
Organization Overview
Montage Health Foundation is located in Monterey, CA. The organization was established in 2016. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Montage Health Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montage Health 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 12/2023, Montage Health Foundation generated $28.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $83.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Montage Health Foundation has awarded 31 individual grants totaling $116,642,542. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO ADVANCE THE VISION AND STRATEGIC PRIORITIES OF MONTAGE HEALTH BY INSPIRING GIVING THAT ENHANCES AND IMPROVES THE HEALTH OF THE ENTIRE COMMUNITY. MAJOR ACTIVITIES INCLUDE FUNDRAISING AND DEVELOPMENT, VOLUNTEER SERVICES, A GIFT SHOP, AND THE ART PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED $68,770,828 IN GRANTS FOR OHANA, COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA'S ("CHOMP") CHILD BEHAVIORAL HEALTH PROGRAM, TO SUPPORT OPERATIONS AND SCHOOL THERAPY PROGRAMS.
THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS OTHER PROGRAMS WITHIN THE MONTAGE HEALTH FAMILY. EXAMPLES INCLUDE PROGRAMS FOR OUTPATIENT IMMUNOLOGY SERVICE, CANCER PREVENTION AND SUPPORT GROUPS, PHYSICIAN RETENTION AND ENGAGEMENT, PEDIATRIC WELLNESS, DIABETES PREVENTION, SUBSTANCE ABUSE PREVENTION, HEART SAFETY, AND INNOVATIVE SYSTEMS SUCH AS CLOSEDLOOP AI.
THE FOUNDATION PROVIDED $1,678,000 IN GRANTS TO MONTAGE MEDICAL GROUP IN SUPPORT OF PHYSICIAN RECRUITMENT, ENGAGEMENT, AND TRAINING.
THE FOUNDATION PROVIDED $830,000 TO COMMUNITY HOSPITAL OF MONTEREY PENINSULA IN SUPPORT OF NURSING EXCELLENCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Packer MD Ex Officio - President & CEO | OfficerTrustee | 1 | $0 |
Matthew Morgan Ex Officio - Vp/cfo | OfficerTrustee | 1 | $0 |
Kevin Causey Vp/chief Development Officer | Officer | 45 | $0 |
Craig Stauffer MD Director | Trustee | 1 | $0 |
Michelle Young Foundation Director | 40 | $0 | |
Deanna Rossi Sr. Philanthropy Manager | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alla Zelster Event Production | 12/30/22 | $172,950 |
Susan Krane Consulting Art Program Consultant | 12/30/22 | $155,933 |
Community Counseling Srvc Co Major Gift Consultant | 12/30/22 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,491,572 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,397,178 |
| Noncash contributions included in lines 1a–1f | $225,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,888,750 |
| Total Program Service Revenue | $0 |
| Investment income | $6,342,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $577,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $286,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,216,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,415,285 |
| Grants and other assistance to domestic individuals. | $185,904 |
| 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 | $2,627,847 |
| Pension plan accruals and contributions | $116,122 |
| Other employee benefits | $1,074,609 |
| Payroll taxes | $164,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,505 |
| Fees for services: Accounting | $34,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,597,621 |
| Fees for services: Other | $527,439 |
| Advertising and promotion | $29,585 |
| Office expenses | $0 |
| Information technology | $104,821 |
| Royalties | $0 |
| Occupancy | $240,368 |
| 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 | $31,404 |
| Insurance | $0 |
| All other expenses | $694,500 |
| Total functional expenses | $83,922,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,892,131 |
| Savings and temporary cash investments | $2,828 |
| Pledges and grants receivable | $3,423,884 |
| Accounts receivable, net | $58,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $205,496 |
| Prepaid expenses and deferred charges | $19,485 |
| Net Land, buildings, and equipment | $4,000,726 |
| Investments—publicly traded securities | $122,897,759 |
| Investments—other securities | $55,328,762 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,500 |
| Total assets | $198,924,725 |
| Accounts payable and accrued expenses | $531,799 |
| Grants payable | $1,915,132 |
| 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 | $1,035,383 |
| Total liabilities | $3,482,314 |
| Net assets without donor restrictions | $33,519,095 |
| Net assets with donor restrictions | $161,923,316 |
| 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 | $198,924,725 |
Grants Awarded
Over the last fiscal year, Montage Health Foundation has awarded $76,415,285 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA PURPOSE: OHANA BEHAVIORIAL HEALTH PROGRAM, NURSING EXCELLENCE, ONE MONTAGE EDUCATION PROGRAM, AED & INNOVATIVE EQUIP. | $71,583,021 |
MONTAGE HEALTH PURPOSE: PHYSICIAN ENGAGEMENT, PROPERTIES EQUITY SHARE, PATIENT ASSISTANCE | $1,440,454 |
ASPIRE HEALTH PLAN PURPOSE: POPULATION HEALTH, PRESCRIBE SAFETY PROGRAM, YOUTH OUTREACH & INNOVATION SOFTWARE | $1,286,082 |
MONTAGE MEDICAL GROUP PURPOSE: PHYSICIAN RECRUITMENT AND TRAINING, OUTPATIENT IMMUNOLOGY SERVICES | $2,105,728 |