Franciscan Foundation Washington
- Assets
- $29.7m
- Revenue
- $3.3m
- Investments
- $27.0m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 91-1145592
Organization Overview
Franciscan Foundation Washington is located in Tacoma, WA. The organization was established in 1981. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Franciscan Foundation Washington 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, Franciscan Foundation Washington generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franciscan Foundation Washington has awarded 143 individual grants totaling $29,406,295. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FRANCISCAN FOUNDATION SOLICITS, RECEIVES AND ADMINISTERS CHARITABLE GIFTS FOR FRANCISCAN HEALTH SYSTEM, IN KEEPING WITH FHS' MISSION OF BUILDING HEALTHIER COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ketul Patel Ex Officio/ceo Vmfh | Trustee | 2 | $0 |
Sharon Royne Former Interim President | 0 | $0 | |
Jodi Barnard Former Foundation President | 0 | $0 | |
Jeanne Jachim Vp/chief Philanthropy Officer/foundation President | OfficerTrustee | 40 | $381,520 |
Caroline Leung Corporate Treasurer/acctg Director Fhs | Officer | 2 | $0 |
Denise Dolak Corp Secretary (partial Year)/executive Assistant | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suddes Group For Impact Consulting | 6/29/17 | $237,836 |
Celebrity Talent International Event Entertainment | 6/29/17 | $110,000 |
Suddes Group For Impact Consulting | 6/29/17 | $237,836 |
Celebrity Talent International Event Entertainment | 6/29/17 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,798 |
| Related organizations | $212,828 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,462,834 |
| Noncash contributions included in lines 1a–1f | $21,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,717,460 |
| Total Program Service Revenue | $0 |
| Investment income | $259,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,336,661 |
| Net Income from Fundraising Events | $15,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,329,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,377,525 |
| Grants and other assistance to domestic individuals. | $70,500 |
| 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 | $0 |
| 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 | $1,139,339 |
| Advertising and promotion | $0 |
| Office expenses | $40,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,632 |
| Travel | $3,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,500 |
| Insurance | $50 |
| All other expenses | $0 |
| Total functional expenses | $2,767,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,861,028 |
| Pledges and grants receivable | $579,344 |
| 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 | $4,118 |
| Net Land, buildings, and equipment | $2,708 |
| Investments—publicly traded securities | $31,729 |
| Investments—other securities | $27,047,994 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,572 |
| Total assets | $29,667,493 |
| Accounts payable and accrued expenses | $548 |
| 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 | $27,962 |
| Total liabilities | $28,510 |
| Net assets without donor restrictions | $7,020,912 |
| Net assets with donor restrictions | $22,618,071 |
| 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 | $29,667,493 |
Grants Awarded
Over the last fiscal year, Franciscan Foundation Washington has awarded $1,308,068 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRANCISCAN HEALTH SYSTEM PURPOSE: PROGRAM SUPPORT | $1,197,905 |
HARRISON MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $110,163 |