Sky Lakes Medical Center Foundation Inc
- Assets
- $25.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Klamath Falls, OR
- Founding
- 02/1989
- Data as of
- 09/2021
- EIN
- 93-0946020
Organization Overview
Sky Lakes Medical Center Foundation Inc is located in Klamath Falls, OR. The organization was established in 1989. 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. Sky Lakes Medical Center Foundation Inc 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 09/2021, Sky Lakes Medical Center Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $2.2m during the year ending 09/2021. While expenses have increased by 9.5% 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
TO ADVANCE THE VISION AND MISSION OF SKY LAKES MEDICAL CENTER THROUGH PHILANTHROPY; THE FOUNDATION'S WORK IS FUNDRAISING AND STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKY LAKES MEDICAL CENTER - FUNDS UTILIZED TO PURCHASE SPECIFIC EQUIPMENT FOR CONSTRUCTION AND OTHER PROJECTS AND PROGRAMS OF THE MEDICAL CENTER.
OTHER PROGRAMS INCLUDING: (1) PATIENT ASSISTANCE PROGRAMS FOR ITEMS OF COMFORT DURING TREATMENT AND FINANCIAL ASSISTANCE WHEN NEEDED UNDER THE DIRECTION OF THE DIRECTOR OF THE CANCER TREATMENT CENTER AND A CANCER COMMITTEE. PATIENT ASSISTANCE IS ALSO USED BY THE RESOURCE MANAGEMENT DEPARTMENT FOR ITEMS THAT CANNOT BE PURCHASED BY PATIENTS OR THEIR FAMILIES BUT ARE A NECESSITY FOR TREATMENT OR TRAVEL. (2) SCHOLARSHIPS PROVIDED FOR HEALTHCARE PROFESSIONALS AND PLAY AN IMPORTANT ROLE IN SUPPORTING THE HOSPITAL IN ATTRACTING AND RETAINING EXCEPTIONAL CLINICAL STAFF. (3) CHILD ABUSE RESPONSE AND EVALUATION SERVICES (CARES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Jespersen Secretary/director | Officer | 40 | $116,480 |
Marty Ledgerwood Chair | OfficerTrustee | 3 | $0 |
Tom Schiess Vice Chair | OfficerTrustee | 1 | $0 |
Paul Stewart Board Member | Trustee | 1 | $0 |
Robert Jackman Board Member | Trustee | 1 | $0 |
Doug Mcinnis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,132,706 |
| Noncash contributions included in lines 1a–1f | $9,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,489 |
| Total Program Service Revenue | $0 |
| Investment income | $177,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,604,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,046,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,750,338 |
| Grants and other assistance to domestic individuals. | $191,673 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,428 |
| Compensation of current officers, directors, key employees. | $51,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,843 |
| Pension plan accruals and contributions | $10,172 |
| Other employee benefits | $15,840 |
| Payroll taxes | $12,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,550 |
| Fees for services: Accounting | $7,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,118 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,514 |
| Office expenses | $2,577 |
| Information technology | $19,970 |
| 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 | $2,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,179,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,765 |
| Savings and temporary cash investments | $113,485 |
| Pledges and grants receivable | $750,000 |
| 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 | $24,608,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,816,593 |
| Accounts payable and accrued expenses | $124,294 |
| 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 | $33,163 |
| Total liabilities | $157,457 |
| Net assets without donor restrictions | $17,375,382 |
| Net assets with donor restrictions | $8,283,754 |
| 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 | $25,816,593 |
Grants Awarded
Over the last fiscal year, Sky Lakes Medical Center Foundation Inc has awarded $1,747,338 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Klamath Falls, OR PURPOSE: ANNUAL GIFT, CARES, HRSA GRANT | $1,598,251 |
Klamath Falls, OR PURPOSE: HRSA GRANT | $149,087 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sky Lakes Medical Center Foundation Inc has recieved totaling $145,614.
| Awarding Organization | Amount |
|---|---|
Honzel Family Foundation Tacoma, WA PURPOSE: WHERE NEED IS GREATEST | $50,000 |
Wendt Family Foundation Klamath Falls, OR PURPOSE: OPERATIONS | $40,364 |
Klamath Medical Service Bureau Klamath Falls, OR PURPOSE: GENERAL ADMINISTRATION COSTS, SCHOLARSHIPS | $23,250 |
Oregon Community Foundation Portland, OR PURPOSE: Child Welfare | $20,000 |
Union Pacific Foundation Omaha, NE PURPOSE: CRIME AND VIOLENCE (INLCLUDING DOMESTIC VIOLENCE) | $10,000 |
Graham Family Foundation Yreka, CA PURPOSE: SUPPORT FOR MEDICAL CENTER/EQUIPMENT | $2,000 |
Endowment Analysis
| Beg. Balance | $5,079,505 |
| Earnings | $1,757,202 |
| Net Contributions | $220,491 |
| Other Expense | $37,111 |
| Grants | $39,000 |
| Ending Balance | $6,981,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
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 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
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 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |