Columbia Memorial Hospital Foundation
- Assets
- $2.1m
- Revenue
- $397.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Astoria, OR
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 93-1091701
Organization Overview
Columbia Memorial Hospital Foundation is located in Astoria, OR. The organization was established in 1993. 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. Columbia Memorial 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, Columbia Memorial Hospital Foundation generated $397.6k 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 (4.6%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
COLUMBIA MEMORIAL HOSPITAL FOUNDATION (CMHF), WAS CREATED TO SUPPORT COLUMBIAN LUTHERAN CHARITIES DBA COLUMBIA MEMORIAL HOSPITAL (CMH)(EIN #93:0583856). FUNDRAISING REVENUES ARE RELEASED TO CMH TO COVER THE COSTS OF CERTAIN PROGRAMS AND EQUIPMENT. SALARIES, PAYROLL TAXES, BENEFITS AND OTHER ADMINISTRATIVE EXPENSES ARE PAID BY CMH AS AN IN KIND CONTRIBUTION TO CMHF. CMHF IS ULTIMATELY GOVERNED BY CMH AND THEREFORE CMHF MUST FOLLOW POLICIES OF CMH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SUPPORT OF COLUMBIA MEMORIAL HOSPITAL (ID: 93:0583856), COLUMBIA MEMORIAL HOSPITAL FOUNDATION (CMHF) RAISED FUNDS WITH THE HELP OF COMMUNITY MEMBERS AND EMPLOYEES. FUNDS THAT WERE RAISED IN 2016 WERE PUT TOWARDS A FUND WHICH WILL ASSIST IN BUILDING THE CMH/OHSU KNIGHT CANCER COLLABORATIVE PROJECT. THIS COLUMBIA MEMORIAL HOSPITAL PROJECT, IN CONJUNCTION WITH OREGON HEALTH AND SCIENCE UNIVERSITY, WILL WORK TO EXPAND OUR FACILITIES AND INCREASE OUR ONCOLOGY SERVICES TO INCLUDE RADIATION THERAPY.
IN SUPPORT OF COLUMBIA MEMORIAL HOSPITAL (ID: 93-0583856), LOWER COLUMBIA HOSPICE (LCH) COLLECTS VARIOUS MEMORIAL DONATIONS FROM THE FAMILIES AND FRIENDS OF DEPARTED PATIENTS PREVIOUSLY IN HOSPICE CARE OR VIA LCH SPONSORED EVENTS LIKE THE ANNUAL RACE TO THE BAR. THESE FUNDS ARE USED TO ASSIST PATIENTS IN HOSPICE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Moreland Treasurer | OfficerTrustee | 4 | $0 |
Julia Radditz Secretary | OfficerTrustee | 4 | $0 |
Bill Garvin Chair | OfficerTrustee | 4 | $0 |
Erik Thorsen CEO | Officer | 1 | $0 |
Zachary Schmitt CFO | Officer | 1 | $0 |
Mark Kujala Executive Director | Officer | 4 | $0 |
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 | $89,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,214 |
| Total Program Service Revenue | $0 |
| Investment income | $39,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,706 |
| 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 | $3,426 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,530 |
| 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 | $12,515 |
| All other expenses | $1,224 |
| Total functional expenses | $42,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,749 |
| Pledges and grants receivable | $10,439 |
| 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 | $1,966,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,000 |
| Total assets | $2,051,761 |
| 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 | $12,735 |
| Total liabilities | $12,735 |
| Net assets without donor restrictions | $1,756,301 |
| Net assets with donor restrictions | $282,725 |
| 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 | $2,051,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia Memorial Hospital Foundation has recieved totaling $12,515.
| Awarding Organization | Amount |
|---|---|
Cmh Auxiliary Astoria, OR PURPOSE: LIFE INSURANCE PREMIUM | $12,515 |
Endowment Analysis
| Beg. Balance | $1,758 |
| Net Contributions | $468 |
| Ending Balance | $2,226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Hospital Medical Center Foundation Los Angeles, CA | $27,435,439 | $8,299,105 |
Seattle Childrens Hospital Seattle, WA | $181,589 | $9,707,217 |
Dignity Health Insurance Of Nevada Ltd San Francisco, CA | $0 | $1,640 |
Community Hospital Of Central California Foundation Fresno, CA | $33,894,794 | $7,992,932 |
Health Ventures Vancouver, WA | $30,377,317 | $13,430,744 |
Alaska Pipe Trades-367 U A Health & Security Trust Bothell, WA | $18,949,881 | $9,664,207 |
Inland Empire Ibew-Neca Health & Welfare Tr Elec Workers Afl-Cio Stockton, CA | $26,872,456 | $11,787,355 |
Alaska Pipe Trades Association-375 Health & Security Trust Fund Seattle, WA | $6,609,705 | $7,240,098 |
Wilshire Health And Community Services Inc San Luis Obispo, CA | $8,786,738 | $9,751,674 |
Vmc Foundation San Jose, CA | $14,966,958 | $8,152,326 |
Tri-State Hospital Foundation Clarkston, WA | $9,962,761 | $8,092,420 |
Electrical Workers Health And Welfare Trust Fund Ibew Local 234 San Jose, CA | $13,137,351 | $7,247,540 |