Overlake Hospital Medical Center
- Assets
- $1.0b
- Revenue
- $702.8m
- Investments
- $0.0
- Employees
- 3,367
- Location
- Bellevue, WA
- Founding
- 11/1965
- Data as of
- 06/2022
- EIN
- 91-0652651
Organization Overview
Overlake Hospital Medical Center is located in Bellevue, WA. The organization was established in 1965. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Overlake Hospital Medical Center employed 3,367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake Hospital Medical Center 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 06/2022, Overlake Hospital Medical Center generated $702.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $714.0m during the year ending 06/2022. While expenses have increased by 5.3% 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 2015, Overlake Hospital Medical Center has awarded 106 individual grants totaling $17,656,880. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO OPERATE A HOSPITAL FOR THE CARE OF PERSONS, TO PARTICIPATE IN EDUCATION, RESEARCH AND OTHER ACTIVITIES DESIGNED TO PROMOTE GENERAL HEALTH OF THE COMMUNITY. THE HOSPITAL'S MISSION IS TO PROVIDE COMPASSIONATE CARE FOR EVERY LIFE WE TOUCH.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
OTHER GRANTS AND ALLOCATIONS: GRANTS TO OVERLAKE HOSPITAL FOUNDATION TO COVER EXPENSES AND GRANTS TO SUPPORT OTHER COMMUNITY NONPROFIT ORGANIZATIONS.
EDUCATION SERVICES:IN ADDITION TO THE EXCELLENT CARE WE PROVIDE OUR PATIENTS, THE HOSPITAL FIRMLY BELIEVES EDUCATION IS CRITICAL TO OVERALL WELLNESS. THE HOSPITAL REACHES OUT TO THE COMMUNITY TO ENGAGE AND EMPOWER ITS PATIENTS IN BECOMING EDUCATED HEALTHCARE CONSUMERS BY OFFERING FREE AND LOW-COST CLASSES FOR ALL AGE GROUPS. HEALTH EDUCATION IS AN IMPORTANT PART OF PREVENTATIVE CARE. THE EDUCATION PROGRAM PROVIDED 17,522 FAMILY CONTACT HOURS OFFERING CLASSES OF A WIDE RANGE OF HEALTH RELATED TOPICS INCLUDING WOMEN'S HEALTH, PRENATAL CARE, COPING SKILLS, DEALING WITH CANCER, POSITIVE PARENTING, SAFETY, ASTHMA, HEART DISEASE, DIABETES, LIVING WILLS, INCONTINENCE, WEIGHT LOSS, MAINTAINING BALANCE, BABYSITTING FOR TEENS, CPR AND HEALTHY LIFESTYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Marsh President & CEO | Officer | 45 | $1,314,369 |
Asif Ali Khan MD Neurosurgeon | 40 | $1,059,401 | |
Derek M Rodrigues MD Cardiologist | 40 | $1,013,842 | |
Amitoz Singh Manhas MD Neurosurgeon | 40 | $915,950 | |
David W Nelson MD Cardiologist | 40 | $891,483 | |
Robert S Binford MD Cardiologist | 40 | $805,105 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bonewitz Llc Construction | 6/29/22 | $2,090,607 |
Nbbj Construction | 6/29/22 | $1,834,823 |
Flexcare Medical Staffing Medical Staffing | 6/29/22 | $1,716,193 |
Ivoxy Consulting Llc Information Systems | 6/29/22 | $1,247,040 |
Triage Medical Staffing | 6/29/22 | $1,121,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,641,355 |
| Government grants | $4,882,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,628,819 |
| Total Program Service Revenue | $626,810,817 |
| Investment income | $6,942,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $504,128 |
| Net Gain/Loss on Asset Sales | $45,723,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $112,981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $702,791,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,803,542 |
| 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. | $3,444,155 |
| Compensation of current officers, directors, key employees. | $1,552,712 |
| Compensation to disqualified persons | $134,700 |
| Other salaries and wages | $309,161,477 |
| Pension plan accruals and contributions | $15,204,129 |
| Other employee benefits | $37,110,490 |
| Payroll taxes | $20,524,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,139,610 |
| Fees for services: Accounting | $221,875 |
| Fees for services: Lobbying | $26,508 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $606,256 |
| Fees for services: Other | $99,423,890 |
| Advertising and promotion | $1,837,024 |
| Office expenses | $11,360,915 |
| Information technology | $14,667,503 |
| Royalties | $0 |
| Occupancy | $23,925,188 |
| Travel | $194,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $820,109 |
| Interest | $9,777,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,259,179 |
| Insurance | $11,126,362 |
| All other expenses | $1,357,647 |
| Total functional expenses | $714,031,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,680,556 |
| Savings and temporary cash investments | $13,173,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,313,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,294,365 |
| Prepaid expenses and deferred charges | $12,783,700 |
| Net Land, buildings, and equipment | $425,656,793 |
| Investments—publicly traded securities | $378,789,916 |
| Investments—other securities | $0 |
| Investments—program-related | $1,714,899 |
| Intangible assets | $2,118,405 |
| Other assets | $48,534,279 |
| Total assets | $1,021,060,160 |
| Accounts payable and accrued expenses | $118,172,721 |
| Grants payable | $0 |
| Deferred revenue | $13,165,149 |
| Tax-exempt bond liabilities | $282,985,533 |
| 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 | $35,000,000 |
| Other liabilities | $54,283,773 |
| Total liabilities | $503,607,176 |
| Net assets without donor restrictions | $517,452,984 |
| Net assets with donor restrictions | $0 |
| 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 | $1,021,060,160 |
Grants Awarded
Over the last fiscal year, Overlake Hospital Medical Center has awarded $2,782,792 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
OVERLAKE HOSPITAL FOUNDATION PURPOSE: SUPPORT OPERATION | $2,438,892 |
AMERICAN HEART ASSOCIATION PURPOSE: SPONSOR | $25,000 |
ATTAIN HOUSING PURPOSE: SPONSOR | $15,000 |
BELLEVUE CHAMBER PURPOSE: SPONSOR | $23,000 |
BELLEVUE COLLEGE FOUNDATION PURPOSE: SPONSOR | $10,000 |
BELLEVUE SCHOOL FOUNDATION PURPOSE: SPONSOR | $25,000 |