The Memorial Foundation is located in Yakima, WA. The organization was established in 1978. 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. Memorial 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 12/2022, Memorial Foundation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE AND TRANSFORM HEALTHCARE IN YAKIMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S VILLAGE - SUPPORTING SERVICES FOR CHILDREN WITH SPECIAL HEALTHCARENEEDS.
NORTH STAR LODGE - SUPPORTING A FULL-SERVICE OUTPATIENT CANCER TREATMENT FACILITY.
SUPPORT NUMEROUS HEALTHCARE/HEALTHCARE RELATED PROGRAMS.
HOSPICE HOME HEALTH CARE - SUPPORTING HOSPICE/HOME HEALTH SERVICES INCLUDING END OF LIFE SERVICES TO PATIENTS AT HOME AND IN AN IN-PATIENT SETTING (INCLUDING PALLIATIVE CARE/TRANSITIONS).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert G Price Board Chairman | OfficerTrustee | 2 | $0 |
Doug Ellison Vice Chairman | OfficerTrustee | 2 | $0 |
B Jean Pryor Secretary/treasurer | OfficerTrustee | 2 | $0 |
Bruce Heiser Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Tom Stokes Executive Committee Member | Trustee | 1 | $0 |
Bill Dolsen Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $295,963 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $9,242,642 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,538,605 |
Total Program Service Revenue | $0 |
Investment income | $431,074 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $247,373 |
Net Income from Fundraising Events | $80,549 |
Net Income from Gaming Activities | $10,727 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,308,328 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,096,554 |
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. | $257,603 |
Compensation of current officers, directors, key employees. | $257,603 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $383,897 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,647 |
Fees for services: Accounting | $36,776 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $53,940 |
Fees for services: Other | $94,380 |
Advertising and promotion | $0 |
Office expenses | $44,593 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,205 |
Travel | $11,593 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $20,710 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,435 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $3,090,316 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $14,575,584 |
Pledges and grants receivable | $1,600,304 |
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 | $653,177 |
Investments—publicly traded securities | $6,684,159 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,513,224 |
Accounts payable and accrued expenses | $9,541 |
Grants payable | $0 |
Deferred revenue | $50,000 |
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 | $516,607 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $403,709 |
Total liabilities | $979,857 |
Net assets without donor restrictions | $3,811,258 |
Net assets with donor restrictions | $18,722,109 |
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 | $23,513,224 |
Over the last fiscal year, The Memorial Foundation has awarded $2,096,544 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
VIRGINIA MASON MEMORIAL PURPOSE: TO PROVIDE SUPPORT TO THE VIRGINA MASON MEMORIAL IN THEIR PURSUIT OF HEALTH IMPROVEMENT, EDUCATION, AND IMPROVING OUR COMMUNITY. | $39,140 |
YAKIMA VALLEY SKILLS CENTER FOUNDATION PURPOSE: TO PROVIDE SUPPORT TO THE YAKIMA VALLEY TECHNICAL SKILLS CENTER | $2,057,404 |