Simi Valley Hospital Foundation
- Assets
- $865.9k
- Revenue
- $201.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Simi Valley, CA
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 91-2135595
Organization Overview
Simi Valley Hospital Foundation is located in Simi Valley, CA. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simi Valley Hospital 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 12/2022, Simi Valley Hospital Foundation generated $201.3k 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 (12.9%) each year. All expenses for the organization totaled $199.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD COMMUNITY RELATIONSHIPS THAT ENCOURAGE FINANCIAL SUPPORT FOR SIMI VALLEY HOSPITAL AND FUND HOSPITAL PROJECTS FOR IDENTIFIED COMMUNITY PROJECTS.
Describe the Organization's Program Activity:
THE SIMI VALLEY HOSPITAL FOUNDATION IS AN IRC 501(C)(3) NOT-FOR-PROFIT ORGANIZATION. OUR PURPOSE IS TO SUPPORT THE MISSION OF SIMI VALLEY HOSPITAL AND HEALTH SERVICES IN IMPROVING THE QUALITY OF LIFE AND HEALTH IN OUR COMMUNITY. WE DO THIS BY:1. BUILDING STRONG PHILANTHROPIC SUPPORT TO MEET CAPITAL AND FUNDING NEEDS OF THE HOSPITAL.2. ENSURING APPROPRIATE STEWARDSHIP BY DEMONSTRATING AN ETHICAL AND FIDUCIARY RESPONSIBILITY TO OUR DONORS AND SUPPORTORS.3. DEVELOPING EXCELLENT RELATIONSHIPS WITH THE COMMUNITY AT LARGE, AND WITHIN THE HOSPITAL IN ORDER TO SUPPORT OUR MINISTRY OF PHILANTHROPY.4. WORKING WITH COMMUNITY PARTNERS, ORGANIZATIONS AND VOLUNTEERS.THE FOLLOWING STORY ILLUSTRATES HOW ADVENTIST HEALTH SIMI VALLEY WORKS TO PROVIDE QUALITY CARE FOR OUR COMMUNITY AND WHY OUR FOUNDATION HAS SUCH A PASSION FOR RAISING FUNDS TO CONTINUE IMPROVING THE CARE WE CAN PROVIDE:RECOUNTING THE DETAILS OF A TRAUMATIC EVENT IS NEVER EASY. MANY OF US HAVE EXPERIENCED CLOSE CALLS AND LOSSES THAT HAVE CAUSED US TO FEEL FEAR, SHOCK AND GRIEF.I HAD BEEN EXPERIENCING THE WARNING SIGNS OF HEART DISEASE,BUT I THOUGHT IT WAS A PANIC ATTACK. A WEEK LATER, A STABBING PAIN HIT MY CHEST. I NEEDED TO GET TO THE EMERGENCY ROOM. MY WIFE DROVE ME TO THE NEAREST HOSPITAL, ADVENTIST HEALTHSIMI VALLEY, WHERE DOCTORS CONFIRMED I WAS HAVING A HEART ATTACK.LOOKING BACK ON THAT DAY, I AM REMINDED THAT IF MY HEART ATTACK HAD HAPPENED A WEEK OR TWO SOONER, I MAY NOT BE HERE TO TELL MY STORY. THE CARDIAC CATHETERIZATION LAB HAD JUST OPENED WEEKS PRIOR TO MY EVENT, AND I WAS ITS FIRST MAJOR SAVE. IF THE CATH LAB WERENT THERE, I WOULD HAVE BEEN TRANSFERRED TO A NEIGHBORING HOSPITAL AND MIGHT HAVE DIED ENROUTE. ADVENTIST HEALTH SIMI VALLEY NOW HAS TWO CATH LABS. MORE OPERATING ROOMS MEANS MORE LIVES SAVED, AND MORE HEALTH ISSUES ADDRESSED TO ELEVATE OUR COMMUNITYS QUALITY OF LIFE.COMPASSIONATE, HIGH-QUALITY PATIENT CARE; LIFE-SAVING AND LIFE-PRESERVING MEDICAL AND SURGICAL SERVICES IN A COMMUNITY-BASED HOSPITAL; ESSENTIAL EMERGENCY SERVICESTHESE ARE THE REASONS WE ARE IN THE SIMI VALLEY COMMUNITY.FOR MORE INFORMATION ON THE WORK THAT WE DO, VISIT US AT HTTPS://SIMIVALLEY.GIVE.ADVENTISTHEALTH.ORG/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wing Bill - Departed 122 Board Member | Trustee | 0 | $0 |
Swenson Jennifer Board Member | Trustee | 1 | $0 |
Owens Chip - Departed 922 CFO | OfficerTrustee | 4 | $0 |
Combis Theodore-Eff 922 Treasurer | Trustee | 4 | $0 |
Dingilian John Former Board Member Thru 7/21 | 1 | $0 | |
Stiles Kathryn Executive Dir. | Trustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,501 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,953 |
| Noncash contributions included in lines 1a–1f | $19,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,454 |
| Total Program Service Revenue | $0 |
| Investment income | $50,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$67,197 |
| Net Income from Fundraising Events | $39,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,771 |
| 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 | $108,465 |
| Advertising and promotion | $32,633 |
| Office expenses | $10,355 |
| Information technology | $839 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $199,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $608,850 |
| Pledges and grants receivable | $17,175 |
| 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 | $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 | $239,891 |
| Total assets | $865,916 |
| 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 | $27,995 |
| Total liabilities | $27,995 |
| Net assets without donor restrictions | $493,257 |
| Net assets with donor restrictions | $344,664 |
| 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 | $865,916 |