Island Hospital Health Foundation
- Assets
- $7.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Anacortes, WA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 91-1030686
Organization Overview
Island Hospital Health Foundation is located in Anacortes, WA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Hospital 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 12/2022, Island Hospital Health Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 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
TO RAISE FUNDS TO SUPPORT ISLAND HEALTH AND ITS COMMITMENT TO COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1962, ISLAND HEALTH (FORMERLY ISLAND HOSPITAL) HAS PROVIDED HIGH QUALITY, COMPASSIONATE AND PERSONALIZED HEALTH CARE TO OUR COMMUNITY. ISLAND HEALTH MAINTAINS A PROGRESSIVE STAND IN DELIVERING THE BEST HEALTH CARE EXPERIENCES FOR PATIENTS AND THEIR FAMILIES BY PLACING THEIR EMOTIONAL AND MEDICAL NEEDS FIRST AND FOREMOST. ISLAND HEALTH FOUNDATION SUPPORTS ISLAND HEALTH'S VITAL MISSION BY RAISING MUCH-NEEDED FUNDS FOR THE BENEFIT OF COMMUNITY HEALTH. FOUNDED IN 1978, THE FOUNDATION IS AN INDEPENDENT, NONPROFIT CORPORATION HEADED BY A 21-MEMBER VOLUNTEER BOARD OF DIRECTORS. THESE DEDICATED COMMUNITY AND BUSINESS LEADERS GENEROUSLY DONATE THEIR TIME, TALENTS, AND ENERGY TO DIRECT THE FOUNDATION'S POLICIES, PROVIDE FIDUCIARY OVERSIGHT, IMPLEMENT THE ANNUAL FUNDRAISING PLAN AND TO SECURE ITS FINANCIAL FUTURE THROUGH FUNDRAISING. THE ISLAND HEALTH FOUNDATION PROVIDES FUNDING FOR COMMITMENTS TO THE ISLAND HEALTH THAT INCLUDE THE HEALTH EDUCATION PROGRAMS, DIRECT CLINIC SUPPORT, MENTAL HEALTH COUNSELING THROUGH THE MENTAL HEALTH INTERVENTION SCHOOL PROGRAM, TWO EMERGENCY DEPARTMENT PATIENT NAVIGATOR POSITIONS ADDRESSING PSYCHIATRY AND BEHAVIORAL HEALTH ISSUES AND ELDER CARE IN THE EMERGENCY DEPARTMENT, THE CHAPLAIN PROGRAM, AND PATIENT PROGRAMS INCLUDED ONCOLOGY RELIEF AND ONCOLOGY LODGING ASSISTANCE. NEW TECHNOLOGY EQUIPMENT ALONG WITH OTHER NEEDS ARE ALSO PROVIDED FOR AS THEY ARISE THROUGH THE YEAR. ADDITIONALLY, ISLAND HEALTH FOUNDATION PROVIDES FUNDING FOR HOSPITAL RENOVATION AND EXPANSION COSTS NOT MET BY TAX REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Brown-Snider President | OfficerTrustee | 3 | $0 |
Troy Kunz Secretary | OfficerTrustee | 1 | $0 |
Connie Miller Treasurer | OfficerTrustee | 1 | $0 |
James Tangaro Past-President | OfficerTrustee | 1 | $0 |
Shirley Vacanti Past-President (termed) | OfficerTrustee | 1 | $0 |
Dana Andrich Director (termed) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $641,761 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,742,959 |
| Noncash contributions included in lines 1a–1f | $1,831,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,384,720 |
| Total Program Service Revenue | $0 |
| Investment income | $118,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,127 |
| Net Income from Fundraising Events | -$66,937 |
| Net Income from Gaming Activities | $4,050 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,619,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,177,961 |
| Grants and other assistance to domestic individuals. | $25,136 |
| 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 | $75,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,843 |
| Fees for services: Other | $3,894 |
| Advertising and promotion | $0 |
| Office expenses | $141,449 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,585 |
| Total functional expenses | $1,477,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,011 |
| Savings and temporary cash investments | $1,875,098 |
| Pledges and grants receivable | $2,550 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,983,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,504,647 |
| Accounts payable and accrued expenses | $466,533 |
| Grants payable | $231,912 |
| 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 | $0 |
| Total liabilities | $698,445 |
| Net assets without donor restrictions | $5,731,968 |
| Net assets with donor restrictions | $1,074,234 |
| 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 | $7,504,647 |
Grants Awarded
Over the last fiscal year, Island Hospital Health Foundation has awarded $1,069,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SKAGIT COUNTY PUBLIC HOSPITAL DISTRICT NO 2 (DBA ISLAND HOSPITAL) PURPOSE: SUPPORT OF HEALTH PROGRAMS AT HOSPITAL | $969,365 |
ANACORTES SCHOOL DISTRICT PURPOSE: MENTAL HEALTH PROGRAMS | $100,000 |