Memorial Hospital Foundation
- Assets
- $21.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 94-2290244
Organization Overview
Memorial Hospital Foundation is located in Sacramento, CA. 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. 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 12/2022, Memorial Hospital Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Patrizio Hospital Area Ceo, S. Valley | Trustee | 1 | $0 |
Jodi Davis Chief Philanthropy Officer-Sh | Officer | 0 | $0 |
Timothy Noakes CFO Hospital Smcs | 0 | $0 | |
Tracy Roman CFO Hospital - Mmc/stch/mhlb | Officer | 1 | $0 |
Lisa Hume Dir. Of Philanthropy | OfficerTrustee | 2 | $0 |
Clarence Abid Trustee/vice-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,328 |
| Membership dues | $0 |
| Fundraising events | $99,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,080,994 |
| Noncash contributions included in lines 1a–1f | $101,708 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,182,742 |
| Total Program Service Revenue | $726,334 |
| Investment income | $314,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $228,930 |
| Net Income from Fundraising Events | -$15,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,436,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $586,925 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $319,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,566 |
| 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 | $42,839 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62 |
| 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 | $11,742 |
| All other expenses | $212 |
| Total functional expenses | $1,356,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $674,372 |
| Accounts receivable, net | $23,265 |
| 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 | $20,129,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,406,490 |
| Accounts payable and accrued expenses | $1,089,579 |
| Grants payable | $0 |
| Deferred revenue | $6,260 |
| 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 | $3,309 |
| Total liabilities | $1,099,148 |
| Net assets without donor restrictions | $16,265,339 |
| Net assets with donor restrictions | $4,042,003 |
| 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 | $21,406,490 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Foundation has awarded $906,925 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SUTTER CENTRAL VALLEY HOSPITALS PURPOSE: PROGRAM SUPPORT | $171,717 |
SVH DBA MEMORIAL MEDICAL CENTER PURPOSE: program support | $735,208 |