Albany General Hospital Foundation
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, OR
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 93-0712890
Organization Overview
Albany General Hospital Foundation is located in Albany, OR. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Albany General 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 12/2021, Albany General Hospital Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $575.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Albany General Hospital Foundation has awarded 63 individual grants totaling $5,419,386. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ALBANY GENERAL HOSPITAL AND SERVE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO THE HOSPITAL AND SUPPORTING ORGANIZATIONS OR PROGRAMS FOR OPERATING AND CAPITAL COSTS.THERE WAS ALSO GRANT FUNDING FOR THE OPERATIONS OF THE HOSPITAL'S EVERGREEN HOSPICE HOUSE AND THE FOR THE ALBANY INREACH CLINIC; WHICH PROVIDES FREE MEDICAL SERVICES TO LOCAL LOW-INCOME ADULTS.SEE SCHEDULE I, PART II FOR A LISTING OF 2021 GRANTS.
PROVIDED EMERGENCY FINANCIAL ASSISTANCE TO HOSPITAL EMPLOYEES IN NEED. THIS ASSISTANCE IS SHOWN ON SCHEDULE I, PART III.
PROVIDED FINANCIAL ASSISTANCE TO CANCER AND OTHER PATIENTS IN NEED. THIS ASSISTANCE IS SHOWN ON SCHEDULE I, PART III.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hanson Chair | OfficerTrustee | 2 | $0 |
Heather Mcgowan Treasurer | OfficerTrustee | 2 | $0 |
Brenda Burch RN Secretary | OfficerTrustee | 2 | $0 |
Daniel Smith SVP / CFO | Officer | 1 | $0 |
Jennifer Stanaway Executive Director | Officer | 40 | $0 |
Richard Running Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,545 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $385,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,401 |
| Total Program Service Revenue | $0 |
| Investment income | $107,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $522,171 |
| Net Income from Fundraising Events | -$14,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $503,263 |
| Grants and other assistance to domestic individuals. | $51,326 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,986 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,720 |
| 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 | $500 |
| Total functional expenses | $575,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,570 |
| Savings and temporary cash investments | $154,197 |
| Pledges and grants receivable | $20,600 |
| 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 | $4,877,781 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,375 |
| Total assets | $5,153,523 |
| Accounts payable and accrued expenses | $7,134 |
| 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 | $7,134 |
| Net assets without donor restrictions | $2,193,861 |
| Net assets with donor restrictions | $2,952,528 |
| 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 | $5,153,523 |
Grants Awarded
Over the last fiscal year, Albany General Hospital Foundation has awarded $503,263 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Corvallis, OR PURPOSE: HOSPITAL EQUIPMENT | $195,336 |
Corvallis, OR PURPOSE: HOSPICE SERVICES SUPPORT | $148,784 |
Corvallis, OR PURPOSE: INREACH CLINIC SUPPORT | $71,918 |
Corvallis, OR PURPOSE: HOSPITAL OPERATIONS SUPPORT | $56,390 |
Corvallis, OR PURPOSE: CANCER CENTER SUPPORT | $17,652 |
Corvallis, OR PURPOSE: CONSTRUCTION - SAMARITAN TREATMENT AND RECOVERY SERVICES BLDG | $13,183 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Albany General Hospital Foundation has recieved totaling $1,011.
| Awarding Organization | Amount |
|---|---|
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF THE EVERGREEN HOSPICE FACILITY IN MEMORY OF DANNY ROSS HOLMES. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $1,915,641 |
| Earnings | $221,591 |
| Net Contributions | $65,791 |
| Other Expense | $41,982 |
| Ending Balance | $2,161,041 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sutter Coast Hospital Sacramento, CA | $47,113,500 | $102,047,070 |
Northwest Medical Foundation Of Tillamook Tillamook, OR | $90,626,617 | $102,521,992 |
San Gorgonio Memorial Hospital Banning, CA | $13,082,135 | $71,265,024 |
Gritman Medical Center Inc Moscow, ID | $94,936,436 | $96,129,418 |
Goleta Valley Cottage Hospital Santa Barbara, CA | $218,776,897 | $113,157,156 |
Sunnyside Community Hospital Association Sunnyside, WA | $116,328,999 | $108,831,960 |
Adventist Health Delano Delano, CA | $197,667,914 | $87,398,117 |
Santiam Memorial Hospital Stayton, OR | $79,039,753 | $98,075,548 |
St Luke Medical Center Wood River Ltd Boise, ID | $124,219,389 | $95,869,183 |
Mark Twain Medical Center San Francisco, CA | $73,050,822 | $74,521,934 |
Samaritan North Lincoln Hospital Lincoln City, OR | $70,261,160 | $74,307,334 |
Methodist Hospital Plainview Texas Renton, WA | $77,628,690 | $63,396,227 |