Virginia Garcia Memorial Foundation
- Assets
- $13.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Aloha, OR
- Founding
- 11/2001
- Data as of
- 03/2024
- EIN
- 91-2077840
Organization Overview
Virginia Garcia Memorial Foundation is located in Aloha, OR. The organization was established in 2001. 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. Virginia Garcia Memorial 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 03/2024, Virginia Garcia Memorial Foundation generated $6.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.3m during the year ending 03/2024. While expenses have increased by 0.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES OPERATING SUPPORT TO VIRGINIA GARCIA MEMORIAL (SEE SCHEDULE O)THE FOUNDATION PROVIDES OPERATING SUPPORT TO VIRGINIA GARCIA MEMORIAL HEALTH CENTER, A 501(C)(3) ORGANIZATION, TO ENABLE THE CENTER TO ENHANCE AND EXPAND ITS PROGRAM SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS FROM FAMILY, CORPORATE, PRIVATE AND COMMUNITY FOUNDATIONS; AS WELL AS INDIVIDUALS AND CORPORATIONS. THE FOUNDATION ALSO WRITES FEDERAL, STATE AND COUNTY GRANTS FOR THE CENTER, ALTHOUGH MANY TIMES THIS FUNDING FLOWS THROUGH THE CENTER AS A RESULT OF ITS FQHC STATUS. THE FOUNDATION BENEFITS FROM TWO MAJOR FUNDRAISING EVENTS PER YEAR. SERVING AS THE COMMUNITY RELATIONS ARM OF THE CENTER, FOUNDATION STAFF REGULARLY ATTEND COMMUNITY EVENTS, MEET WITH COMMUNITY PARTNERS AND PROVIDE EDUCATION TO CORPORATIONS' EMPLOYEES ON THE CENTER'S PROGRAMS. THE FOUNDATION PRODUCES ALL OF ITS MARKETING MATERIALS, IN PARTNERSHIP WITH THE CENTER, FOR THE PURPOSE OF FUNDRAISING AND ALL RELATED ACTIVITIES. THE FOUNDATION HOLDS THREE MAJOR COMMUNITY RELATIONS EVENTS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gil Munoz Ceo, Health Center | OfficerTrustee | 40 | $0 |
Stefanny Caballero Executive Director | OfficerTrustee | 40 | $0 |
Ellen Garcia Member | Trustee | 1 | $0 |
Matt Austin Member | Trustee | 1 | $0 |
Michael Willes Vice Chair | OfficerTrustee | 1 | $0 |
Rogerio Reyes Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $487,010 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,626,161 |
| Noncash contributions included in lines 1a–1f | $328,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,113,171 |
| Total Program Service Revenue | $0 |
| Investment income | $177,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,765 |
| Net Income from Fundraising Events | $14,803 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,285,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,233,613 |
| 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 | $9,079 |
| 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 | $3,268,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $666,996 |
| 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 | $3,050 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,013,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,284 |
| Total assets | $13,508,226 |
| Accounts payable and accrued expenses | $254,715 |
| Grants payable | $0 |
| Deferred revenue | $333,651 |
| 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 | $588,366 |
| Net assets without donor restrictions | $8,561,405 |
| Net assets with donor restrictions | $4,358,455 |
| 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 | $13,508,226 |