Presbyterian Healthcare Foundation
- Assets
- $137.8m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 01/1968
- Data as of
- 12/2021
- EIN
- 85-6016041
Organization Overview
Presbyterian Healthcare Foundation is located in Albuquerque, NM. The organization was established in 1968. 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. Presbyterian Healthcare 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 12/2021, Presbyterian Healthcare Foundation generated $16.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 5.1% 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, Presbyterian Healthcare Foundation has awarded 400 individual grants totaling $23,796,551. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE FOUNDATION IDENTIFIED THE GROWTH OF THE PRESBYTERIAN NEUROSCIENCE PROGRAM AS A FUNDRAISING PRIORITY, IN ALIGNMENT WITH PHS PRIORITIES - AND IN RECOGNITION OF THE NEED TO GROW THE BREADTH OF THIS CARE AREA AND REDUCE THE NEED FOR NEW MEXICANS TO LEAVE THE STATE FOR THIS IMPORTANT SPECIALTY CARE. A VOLUNTEER TASK FORCE COMPRISED OF FOUNDATION BOARD MEMBERS WAS ASSEMBLED TO LEAD FUNDRAISING TOWARD A $5.0 MILLION WORKING GOAL. A $2.0 MILLION GIFT CREATED PRESBYTERIAN'S FIRST PHYSICIAN ENDOWED CHAIR FOR THE NEUROSCIENCE PROGRAM. ADDITIONAL DOLLARS WERE RAISED AND DIRECTED TO TECHNOLOGY AND EQUIPMENT FOR PRESBYTERIAN HOSPITAL TO ENHANCE NEUROSURGERY CAPABILITIES. FUNDRAISING CONTINUES TOWARD OTHER NEEDS, ULTIMATELY TO MAKE NEUROSCIENCE CARE MORE ACCESIBLE TO PEOPLE THROUGHOUT NEW MEXICO FOR A WIDE RANGE OF CONDITIONS OF THE BRAIN, SPINAL CORD, AND SUPPORTING NERVES AND BLOOD VESSELS.
THE FOUNDATION FULFILLED A $1 MILLION COMMITMENT, INCLUDING NEW GIFTS/PLEDGES AND ALLOCATION OF UNRESTRICTED DOLLARS, TOWARD THE $4.5 MILLION CONSTRUCTION OF THE NEW PRESBYTERIAN BREAST CARE LOCATION IN PRESBYTERIAN RUST MEDICAL CENTER'S PHYSICIAN OFFICE BUILDING. THE NEW LOCATION BRINGS TOGETHER SCREENING, DIAGNOSIS AND TREATMENT OPTIONS FOR BREAST CANCER AND NON-MALIGNANT BREAST DISEASE. CARE IS PROVIDED BY A TEAM OF MULTIDISCIPLINARY SPECIALISTS FROM PRESBYTERIAN MEDICAL GROUP AND RADIOLOGY ASSOCIATES OF ALBUQUERQUE.
THE FOUNDATION HAS PRIORITIZED THE HEALTH AND WELL-BEING OF PROVIDERS AND STAFF, RECOGNIZING THAT BURNOUT, EXTREME FATIGUE, AND ASSOCIATED ISSUES HAVE SKYROCKETED DURING THE PANDEMIC WITH THE MAJORITY OF HEALTHCARE WORKERS NOW REPORTING CHALLENGES IN THESE AREAS. IN 2021, THE FOUNDATION AWARDED $411,198 TO NURSING AND PHYSICIAN ENGAGEMENT EFFORTS. AMONG THE FUNDED PROGRAMS WERE RENEW, A FOUR-DAY PROGRAM FOR FRONTLINE NURSES; "RELATIONS", A COMMUNICATIONS TRAINING SERIES FOR PROVIDERS AND STAFF; AND "ECHO BURNOUT", A PROGRAM THAT USES TELECONFERENCING TECHNOLOGY TO CONNECT A CONTENT SPECIALIST WITH PARTICIPANTS. THE "ECHO BURNOUT" WAS EXPANDED WITH SEPARATE VERSIONS FOR PROVIDERS AND NON-CLINICAL STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale C Maxwell Ex-Officio Director | OfficerTrustee | 1 | $0 |
Christopher Spencer Director, Treasurer | OfficerTrustee | 1 | $0 |
Richard J Scott President | OfficerTrustee | 40 | $0 |
Helen Grevey Director, Secretary | OfficerTrustee | 1 | $0 |
Daniel Friedman MD Director | Trustee | 1 | $0 |
Kirby Jefferson Ex-Officio Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albuquerque Convention Center Facility & Catering | 12/30/19 | $139,088 |
Ecg Topco Holdings Llc Healthcare Consultng | 12/30/19 | $102,786 |
The Institute For Healthcare Excell Healthcare Consultng | 12/30/19 | $136,186 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $578,888 |
| Related organizations | $57,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,191,167 |
| Noncash contributions included in lines 1a–1f | $129,316 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,827,555 |
| Total Program Service Revenue | $0 |
| Investment income | $3,216,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,765 |
| Net Gain/Loss on Asset Sales | $5,113,291 |
| Net Income from Fundraising Events | -$12,233 |
| Net Income from Gaming Activities | $3,655 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,177,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,123,861 |
| 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 | $1,950,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $396 |
| Fees for services: Accounting | $39,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,000 |
| Fees for services: Investment Management | $233,515 |
| Fees for services: Other | $440,094 |
| Advertising and promotion | $34,052 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,980 |
| Total functional expenses | $7,219,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,437,384 |
| Pledges and grants receivable | $2,184,301 |
| 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 | $333,414 |
| Investments—publicly traded securities | $132,003,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,309 |
| Total assets | $137,827,322 |
| Accounts payable and accrued expenses | $32,861 |
| 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 | $696,470 |
| Total liabilities | $729,331 |
| Net assets without donor restrictions | $69,028,991 |
| Net assets with donor restrictions | $68,069,000 |
| 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 | $137,827,322 |
Grants Awarded
Over the last fiscal year, Presbyterian Healthcare Foundation has awarded $3,148,613 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: COVID RESPONSE | $509,183 |
Albuquerque, NM PURPOSE: Provide Support, Fund Equipment, Education, and Other Healthcare Activities | $504,090 |
Albuquerque, NM PURPOSE: PEDIATRIC HEART BYPASS EQUIPMENT | $330,786 |
Albuquerque, NM PURPOSE: NURSING ENGAGEMENT | $235,409 |
Albuquerque, NM PURPOSE: COMMUNITY HEALTH | $191,524 |
Albuquerque, NM PURPOSE: PHYSICIANS ENGAGEMENT | $175,789 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Presbyterian Healthcare Foundation has recieved totaling $279,734.
| Awarding Organization | Amount |
|---|---|
Eugene L Garcia Charitable Trust 4531-13088000 Las Vegas, NV PURPOSE: GENERAL SUPPORT GRANT | $102,183 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $74,100 |
Albuquerque Community Foundation Albuquerque, NM PURPOSE: DONOR-ADVISED | $27,579 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $20,550 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: MEDICAL | $10,000 |
Endowment Analysis
| Beg. Balance | $97,499,965 |
| Earnings | $14,579,748 |
| Admin Expense | $2,853,963 |
| Net Contributions | $2,734,101 |
| Other Expense | $1,692,213 |
| Ending Balance | $110,267,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |