Peacehealth Southwest Medical Center Foundation
- Assets
- $49.9m
- Revenue
- $23.9m
- Investments
- $64.2k
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 91-1231436
Organization Overview
Peacehealth Southwest Medical Center Foundation is located in Vancouver, WA. The organization was established in 1984. 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. Peacehealth Southwest 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 06/2022, Peacehealth Southwest Medical Center Foundation generated $23.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 2.6% 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
THE FOUNDATION RAISES FUNDS TO SUPPORT THE PEACEHEALTH SOUTHWEST MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACEHEALTH SOUTHWEST MEDICAL CENTER FOUNDATION SUPPORTS PEACEHEALTH SOUTHWEST MEDICAL CENTER BY SOLICITING CONTRIBUTIONS IN SUPPORT OF THE MEDICAL CENTER'S OPERATIONS. PEACEHEALTH SOUTHWEST MEDICAL CENTER IS A HOSPITAL OWNED AND OPERATED BY PEACEHEALTH (EIN: 91-0939479) WHICH IS AN EXEMPT ORGANIZATION PURSUANT TO IRC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Young PHD Vice President | OfficerTrustee | 2 | $0 |
David Hayes MD Director | Trustee | 2 | $0 |
David Nierenberg Director | Trustee | 2 | $0 |
David Ruiz MD Director | Trustee | 2 | $0 |
Greg Kubicek Director | Trustee | 2 | $0 |
Greg Seifert Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,605,219 |
| Noncash contributions included in lines 1a–1f | $2,238,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,605,219 |
| Total Program Service Revenue | $0 |
| Investment income | $1,268,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,865,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,604,655 |
| 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 | $753,692 |
| Pension plan accruals and contributions | $31,102 |
| Other employee benefits | $97,155 |
| Payroll taxes | $53,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,704 |
| Advertising and promotion | $21,300 |
| Office expenses | -$17,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,013 |
| 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 | $1,588 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,917,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,314,029 |
| Pledges and grants receivable | $16,560,525 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $466,152 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,450,241 |
| Investments—other securities | $64,204 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,855,151 |
| Accounts payable and accrued expenses | $2,628 |
| 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 | $0 |
| Total liabilities | $2,628 |
| Net assets without donor restrictions | $6,597,994 |
| Net assets with donor restrictions | $43,254,529 |
| 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 | $49,855,151 |
Grants Awarded
Over the last fiscal year, Peacehealth Southwest Medical Center Foundation has awarded $139,163 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWEST WASHINGTON CHILD CARE CONSORTIUM PURPOSE: SCHOLARSHIPS & DEVELOPMENT | $17,902 |
PEACEHEALTH PURPOSE: HOSPITAL OPERATING ACTIVITIES | $121,261 |