Peacehealth Southwest Medical Center Foundation
- Assets
- $33.8m
- Revenue
- $7.4m
- Investments
- $96.0k
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 02/1984
- Data as of
- 06/2021
- 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 06/2021, Peacehealth Southwest Medical Center Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $5.1m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
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 |
Janis Wyatt Secretary/treasurer | OfficerTrustee | 2 | $0 |
Ray Maly Director | OfficerTrustee | 2 | $0 |
Ron Prill President | OfficerTrustee | 2 | $0 |
Karen Santangelo Executive Director | Officer | 40 | $0 |
Albert Angelo III Director | Trustee | 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 | $5,996,311 |
| Noncash contributions included in lines 1a–1f | $324,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,996,311 |
| Total Program Service Revenue | $0 |
| Investment income | $1,417,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,442,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,477,651 |
| 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 | $823,375 |
| Pension plan accruals and contributions | $31,454 |
| Other employee benefits | $90,113 |
| Payroll taxes | $59,307 |
| 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 | $53,889 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $12,326 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,764 |
| 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 | $0 |
| Total functional expenses | $5,051,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,629,464 |
| Pledges and grants receivable | $5,512,997 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $543,119 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,006,526 |
| Investments—other securities | $95,969 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,788,075 |
| Accounts payable and accrued expenses | $279 |
| 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 | $279 |
| Net assets without donor restrictions | $6,680,749 |
| Net assets with donor restrictions | $27,107,047 |
| 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 | $33,788,075 |
Grants Awarded
Over the last fiscal year, Peacehealth Southwest Medical Center Foundation has awarded $139,163 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Vancouver, WA PURPOSE: HOSPITAL OPERATING ACTIVITIES | $121,261 |
SOUTHWEST WASHINGTON CHILD CARE CONSORTIUM PURPOSE: SCHOLARSHIPS & DEVELOPMENT | $17,902 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Peacehealth Southwest Medical Center Foundation has recieved totaling $337,920.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $25,550 |
Group Health Foumdaiton Seattle, WA PURPOSE: PROJECT SUPPORT FOR PATRICIA NIERENBERG ENDOWMENT | $25,000 |
Ada And Everett Johnson Charitable Tr Vancouver, WA PURPOSE: PROGRAM SUPPORT | $10,078 |
Oregon Community Foundation Portland, OR PURPOSE: Physical Health | $8,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $7,500 |
Endowment Analysis
| Beg. Balance | $15,549,608 |
| Earnings | $3,098,072 |
| Net Contributions | $252,064 |
| Other Expense | $180,487 |
| Ending Balance | $18,719,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |
Graduate Teaching Fellows Fed Local 3544 Health & Welfare Agreement Eugene, OR | $956,358 | $10,612,842 |
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr Portland, OR | $25,943,906 | $10,731,049 |