Yavapai Regional Medical Center Foundation
- Assets
- $3.9m
- Revenue
- $644.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Prescott, AZ
- Founding
- 02/2002
- Data as of
- 06/2021
- EIN
- 86-1038463
Organization Overview
Yavapai Regional Medical Center Foundation is located in Prescott, AZ. The organization was established in 2002. 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. Yavapai Regional 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 06/2021, Yavapai Regional Medical Center Foundation generated $644.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION WAS ESTABLISHED TO SUPPORT AND GUIDE ALL OF YAVAPAI COMMUNITY HOSPITAL ASSOCIATION DBA REGIONAL MEDICAL CENTER'S (YRMC) FUND-RAISING AND DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
THE YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION WAS ESTABLISHED TO SUPPORT AND GUIDE ALL OF YRMC'S FUND-RAISING AND DEVELOPMENT PROGRAMS. THROUGH A VARIETY OF MEANS, THE FOUNDATION ASSISTS FUNDING ADVANCES IN HEALTHCARE AND PROVIDES YRMC'S VALUED SUPPORTERS WITH A STRUCTURED VENUE FOR GIVING. THE FOUNDATION IS LED BY A BOARD OF DIRECTORS AND IS DESIGNATED TO ACCOMPLISH GOALS THAT INCLUDE: SUPPORTING YRMC AND ITS MISSION, FACILITIES AND PROGRAMS; PLANNING AND IMPLEMENTING FUND-RAISING AND DEVELOPMENT EFFORTS; SUPPORTING YRMC'S CURRENT OPERATIONS AND FUTURE GROWTH.IN 2021, GRANTS PROVIDED BY THE FOUNDATION TO YRMC WERE UTILIZED TO ASSIST IN FUNDING A VARIETY OF INITIATIVES AT THE HOSPITAL, INCLUDING ASSISTANCE IN THE DAY-TO-DAY OPERATIONS OF THE HOSPITAL IN PROVIDING HEALTHCARE SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Amos Ex-Officio Board Member | Trustee | 1 | $0 |
Dave Barrett Chair | OfficerTrustee | 5 | $0 |
Roberta Nicol Ex-Officio Board Member, Exec Dir Of Philanthropy | OfficerTrustee | 50 | $0 |
John Stenger Vice Chair (thru 11/2/20) | OfficerTrustee | 5 | $0 |
Bill Sonsin Secretary And Treasurer | OfficerTrustee | 5 | $0 |
Jim Muehleisen Treasurer (thru 10/15/20) | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $340,893 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,832 |
| Noncash contributions included in lines 1a–1f | $35,556 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,725 |
| Total Program Service Revenue | $0 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $643,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,467,351 |
| 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 | $1,000 |
| 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 | $275,679 |
| Advertising and promotion | $9,993 |
| Office expenses | $8,387 |
| 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 | $2,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $528 |
| Total functional expenses | $1,788,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,801,491 |
| Pledges and grants receivable | $66,570 |
| 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 | $55,769 |
| Total assets | $3,923,830 |
| Accounts payable and accrued expenses | $7,500 |
| Grants payable | $119,270 |
| 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 | $29,776 |
| Total liabilities | $156,546 |
| Net assets without donor restrictions | $20,762 |
| Net assets with donor restrictions | $3,746,522 |
| 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 | $3,923,830 |
Grants Awarded
Over the last fiscal year, Yavapai Regional Medical Center Foundation has awarded $4,287,426 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Prescott, AZ PURPOSE: operations | $3,640,000 |
Prescott, AZ PURPOSE: Operations | $647,426 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Yavapai Regional Medical Center Foundation has recieved totaling $28,300.
| Awarding Organization | Amount |
|---|---|
William L And Ruth T Pendleton Memorial Fund Portland, OR PURPOSE: PROGRAM SUPPORT | $15,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $7,300 |
Desert Financial Credit Union Phoenix, AZ PURPOSE: RANDOM ACTS OF KINDNESS | $6,000 |
Endowment Analysis
| Beg. Balance | $4,761 |
| Admin Expense | $80 |
| Other Expense | $2 |
| Ending Balance | $4,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |
Casa Colina Centers For Rehabilitation Foundation Pomona, CA | $149,956,589 | $5,632,730 |
Redwood Empire Electrical Workers Health & Welfare Trust santa rosa, CA | $13,209,086 | $10,595,955 |