Asante Foundation
- Assets
- $58.5m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, OR
- Founding
- 01/1974
- Data as of
- 09/2023
- EIN
- 93-6087366
Organization Overview
Asante Foundation is located in Medford, OR. The organization was established in 1974. 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. Asante 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 09/2023, Asante Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 10.8% per year over the past 8 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.
Since 2015, Asante Foundation has awarded 20 individual grants totaling $23,559,780. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ASANTE HEALTHCARE SYSTEM AND ITS HEALTHCARE SERVICES IN OREGON AND CALIFORNIA.
Describe the Organization's Program Activity:
DURING TAX YEAR 2023, ASANTE FOUNDATION'S LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS RAISING OVER $17 MILLION IN DONATIONS TO BENEFIT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS THROUGHOUT ASANTE HEALTH SYSTEM. OF THE CAPITAL PROJECTS, OVER $4.8 MILLION WAS DONATED FOR THE EXPANSION OF THE PATIENT PAVILION AT ASANTE ROGUE REGIONAL MEDICAL CENTER (ARRMC), AND OVER $4 MILLION WAS DONATED TO SUPPORT THE CONTINUING DEVELOPMENT OF ASANTE ROGUE REGIONAL'S NEWLY CONSTRUCTED HEIMANN CANCER CENTER. ASANTE FOUNDATION RAISED MONEY TO SUPPORT NUMEROUS OTHER CLINICAL DEPARTMENTS AT ASANTE ROGUE REGIONAL, A 378 LICENSED BED HOSPITAL LOCATED IN MEDFORD, OREGON. IN ADDITION TO DONATIONS RECEIVED FOR THE PAVILION AND CANCER CENTER, THE FOUNDATION RAISED OVER $3 MILLION FOR CHILDREN'S HEALTH THROUGH THE CHILDREN'S MIRACLE NETWORK, OVER $1 MILLION FOR CARDIAC CARE AND ANOTHER $547,000 BENEFITTING ASANTE ROGUE REGIONAL'S BEHAVIORAL HEALTH PROGRAM. THE FOUNDATION RAISED AN ADDITIONAL $80,000 IN SUPPORT OF OTHER ASANTE ROGUE REGIONAL DEPARTMENTS AND INITIATIVES, INCLUDING: THE IMAGING CENTER, EMERGENCY DEPARTMENT, INPATIENT REHAB AND NURSING PROFESSIONAL EDUCATION, AMONG OTHERS. ASANTE FOUNDATION RAISED $118,000 IN SUPPORT OF THE ASANTE CANCER COMPASSION FUND, TO DIRECTLY ASSIST PATIENTS WITH INDIVIDUALLY IDENTIFIED NEEDS THROUGHOUT THEIR CANCER JOURNEY. NEARLY $54,000 WAS RAISED TO SUPPORT THE FRANCIS CHENEY FAMILY PLACE AT ASANTE ROGUE REGIONAL, WHICH PROVIDES LOW TO NO-COST ACCOMMODATIONS FOR PATIENTS TRAVELING FROM OUT OF THE AREA TO RECEIVE CARE.
ASANTE FOUNDATION'S SECOND LARGEST PROGRAM SERVICE ACCOMPLISHMENT DURING 2023 WAS RAISING FUNDS TO HELP SUPPORT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS AT ASANTE THREE RIVERS MEDICAL CENTER (ATRMC), A 125 LICENSED BED HOSPITAL LOCATED IN GRANTS PASS, OREGON. $2.48 MILLION WAS DONATED FOR THE EXPANSION OF SPEARS CANCER CENTER AT ASANTE THREE RIVERS. COMMUNITY DONATIONS OF OVER $50,000 WERE RECEIVED IN SUPPORT OF FREE MAMMOGRAMS AND BREAST CANCER EDUCATION FOR UNINSURED WOMEN IN THE REGION. ADDITIONAL ASANTE THREE RIVERS DEPARTMENTS BENEFITTING FROM FOUNDATION DONATIONS DURING 2023 WERE THE EMERGENCY DEPARTMENT, PEDIATRICS AND THE FAMILY BIRTH CENTER, AMONG OTHERS. ASANTE FOUNDATION ALSO RAISED $27,000 IN SUPPORT OF THE SPEARS CANCER COMPASSION FUND TO DIRECTLY ASSIST PATIENTS WITH INDIVIDUALLY IDENTIFIED NEEDS THROUGHOUT THEIR CANCER JOURNEY. ANOTHER $110,000 WAS RAISED TO SUPPORT THE FAMILY HOUSE AT ASANTE THREE RIVERS, WHICH PROVIDES LOW TO NO-COST ACCOMMODATIONS FOR PATIENTS TRAVELING FROM OUT OF THE AREA TO RECEIVE CARE.
ASANTE FOUNDATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT FOR 2023 WAS RAISING DONATIONS TO HELP SUPPORT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS AT ASANTE ASHLAND COMMUNITY HOSPITAL (AACH), ASANTE PHYSICIAN PARTNERS (APP) AND IN SUPPORT OF HEALTH PROFESSIONS AND NURSING EDUCATION AND OTHER SYSTEMWIDE CLINICAL PROJECTS AND PROGRAMS. DURING THE TAX YEAR, THE FOUNDATION CONTRIBUTED OVER $77,000 FOR RENOVATION PROJECTS AT ASANTE ASHLAND, $25,000 TO SUPPORT ASANTE ASHLAND'S SCHOOL NURSE PROGRAM FOR THE ASHLAND SCHOOL DISTRICT AND CONTRIBUTED $8,950 TO HELP ASANTE ASHLAND ACHIEVE ITS AGE-FRIENDLY HEALTH SYSTEM DESIGNATION. IN ADDITION TO THESE FUNDS FOR THE DIRECT SUPPORT OF ASANTE ASHLAND, THE FOUNDATION RAISED NEARLY $500,000 FOR CLINICAL INITIATIVES THROUGHOUT THE SYSTEM FOCUSED ON CANCER, CHILDREN'S HEALTH, CRITICAL AND SURGICAL CARE, ANOTHER $120,000 IN SUPPORT OF SYSTEMWIDE END-OF-LIFE PROGRAMS AND NEARLY $25,000 TO SUPPORT HEALTH PROFESSIONS AND NURSING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kelly Trustee Asante CEO (through February 2023) | OfficerTrustee | 1 | $0 |
Greg Wojtal Asante Cafo | Officer | 1 | $0 |
Dr Chris David Trustee & Asante Provider | Trustee | 2 | $0 |
Heather Rowenhorst CFO | Officer | 1 | $0 |
Andrea Reeder VP & Executive Dir Asante | Trustee | 2 | $0 |
Floyd Harmon Executive Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $33,628 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,672,118 |
| Noncash contributions included in lines 1a–1f | $773,327 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,705,746 |
| Total Program Service Revenue | $0 |
| Investment income | $692,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $503,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,903,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,295,654 |
| Grants and other assistance to domestic individuals. | $103,884 |
| 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 | $1,388,241 |
| Pension plan accruals and contributions | $80,124 |
| Other employee benefits | $404,524 |
| Payroll taxes | $116,250 |
| 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 | $54,728 |
| Fees for services: Other | $967,367 |
| Advertising and promotion | $167,687 |
| Office expenses | $146,430 |
| Information technology | $102,284 |
| Royalties | $0 |
| Occupancy | $44,651 |
| Travel | $69,884 |
| 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 | $168,831 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,318,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,150,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,609,656 |
| Accounts receivable, net | $104,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,714 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,702 |
| Net Land, buildings, and equipment | $2,268,329 |
| Investments—publicly traded securities | $36,913,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,349,215 |
| Total assets | $58,540,200 |
| Accounts payable and accrued expenses | $105,211 |
| 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 | $132,505 |
| Total liabilities | $237,716 |
| Net assets without donor restrictions | $3,844,344 |
| Net assets with donor restrictions | $54,458,140 |
| 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 | $58,540,200 |
Grants Awarded
Over the last fiscal year, Asante Foundation has awarded $1,295,654 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASANTE PURPOSE: SUPPORT HOSPITAL DEPARTMENTS | $1,217,032 |
ASANTE PHYSICIAN PARTNERS PURPOSE: SUPPORT PALLIATIVE CARE DEPARTMENT | $78,622 |