Virginia Mason Health System
- Assets
- $3.3m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 91-1351110
Organization Overview
Virginia Mason Health System is located in Seattle, WA. The organization was established in 1991. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Virginia Mason Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Virginia Mason Health System has awarded 16 individual grants totaling $90,297,560. 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
ADVANCE AND SUPPORT THE HEALTHCARE AND RESEARCH MISSIONS OF VIRGINIA MASON MEDICAL CENTER AND BENAROYA RESEARCH INSTITUTE AT VIRGINIA MASON THROUGH GOVERNANCE OVERSIGHT OF BOTH ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA MASON HEALTH SYSTEM (THE HEALTH SYSTEM) AND COMMONSPIRIT HEALTH ARE THE SOLE CORPORATE MEMBERS OF VIRGINIA MASON FRANCISCAN HEALTH (VMFH). VMFH IS THE SOLE VOTING MEMBER OF THE VIRGINIA MASON MEDICAL CENTER (THE "MEDICAL CENTER"), AN INTEGRATED HEALTH CARE DELIVERY SYSTEM QUALIFIED UNDER SECTION 501(C)(3) OF THE CODE. THE PURPOSE OF THE HEALTH SYSTEM IS TO ADVANCE AND SUPPORT THE HEALTH CARE MISSION OF THE MEDICAL CENTER. THE HEALTH SYSTEM ACHIEVES THIS PURPOSE THROUGH GOVERNANCE OVERSIGHT. THE MEDICAL CENTER IS A TERTIARY REGIONAL REFERRAL CENTER WHICH SERVES A PATIENT COMMUNITY THAT INCLUDES SEATTLE AND ITS SURROUNDING SUBURBS, WESTERN WASHINGTON AND ALASKA. THE MAIN CAMPUS LOCATED IN SEATTLE INCLUDES A HOSPITAL, AN OUTPATIENT CLINIC, AND CENTERS FOR EXCELLENCE. THE MEDICAL CENTER ALSO OPERATES SEVEN REGIONAL CLINICS, AND BAILEY-BOUSHAY HOUSE, A 35-BED SKILLED NURSING FACILITY.VMFH IS THE SOLE VOTING MEMBER OF THE BENAROYA RESEARCH INSTITUTE AT VIRGINIA MASON ("BRI"), A SCIENTIFIC RESEARCH INSTITUTE QUALIFIED UNDER SECTION 501(C)(3) OF THE CODE. THE PURPOSE OF THE HEALTH SYSTEM IS TO ADVANCE AND SUPPORT BRI'S RESEARCH MISSION. THE HEALTH SYSTEM ACHIEVES THIS PURPOSE THROUGH GOVERNANCE OVERSIGHT. BRI IS ONE OF THE FEW RESEARCH INSTITUTES IN THE WORLD DEDICATED TO FINDING CAUSES AND CURES TO ELIMINATE AUTOIMMUNE DISEASES INCLUDING TYPE I DIABETES, RHEUMATOID ARTHRITIS, LUPUS, MULTIPLE SCLEROSIS, SCLERODERMA AND MANY OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maud Daudon Chair | OfficerTrustee | 2 | $0 |
Kevin Schemm Vice Chair | OfficerTrustee | 2 | $0 |
Jan Hendrickson Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Craig Goodrich CFO | Officer | 2 | $0 |
Ketul Patel CEO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asian Aerospace Advisers Llc Consulting Services | 12/30/18 | $112,500 |
T&b Equipment Company Inc Construction Services | 12/30/18 | $424,951 |
Optic Events Inc Consulting Services | 12/30/18 | $100,558 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,327,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,327,533 |
| Accounts payable and accrued expenses | $0 |
| 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 | $127,963 |
| Total liabilities | $127,963 |
| Net assets without donor restrictions | $3,199,570 |
| Net assets with donor restrictions | $0 |
| 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 | $3,327,533 |
Grants Awarded
Over the last fiscal year, Virginia Mason Health System has awarded $12,280,444 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA MASON MEDICAL CENTER PURPOSE: Patient Support | $6,204,820 |
SEATTLE FOUNDATION PURPOSE: Patient Support | $357,000 |
BENAROYA RESEARCH INSTITUTE AT VIRGINIA MASON PURPOSE: Research Support | $5,718,624 |