Memorial Hospital Foundation
- Assets
- $21.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 07/1993
- Data as of
- 12/2021
- 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 12/2021, Memorial Hospital Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hume Dir. Of Philanthropy | OfficerTrustee | 2 | $0 |
Bowen Cardoza Trustee/chair | OfficerTrustee | 2 | $0 |
Bobby Ismail Pt Mpt Trustee/secretary | OfficerTrustee | 2 | $0 |
David Warter Trustee/vice-Chair | OfficerTrustee | 2 | $0 |
Jodi Davis Chief Philanthropy Officer-Sh | Officer | 0 | $0 |
Tracy Roman CFO Hospital - Mmc/stch/mhlb | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,603 |
| Membership dues | $0 |
| Fundraising events | $97,295 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,484,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,583,216 |
| Total Program Service Revenue | $764,674 |
| Investment income | $368,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,636,743 |
| Net Income from Fundraising Events | -$3,489 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,349,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,926,704 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $328,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,647 |
| Payroll taxes | $203 |
| 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 | $49,104 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| 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 | $10,940 |
| All other expenses | $186 |
| Total functional expenses | $2,741,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,596 |
| Accounts receivable, net | $5,925 |
| 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 | $21,425,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,668,380 |
| Accounts payable and accrued expenses | $1,548,977 |
| 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 | $3,896 |
| Total liabilities | $1,559,133 |
| Net assets without donor restrictions | $17,665,845 |
| Net assets with donor restrictions | $2,443,402 |
| 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 | $21,668,380 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Foundation has awarded $906,925 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: program support | $735,208 |
SUTTER CENTRAL VALLEY HOSPITALS PURPOSE: PROGRAM SUPPORT | $171,717 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memorial Hospital Foundation has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Save Mart Cares Foundation Modesto, CA | | $14,000 |
Endowment Analysis
| Beg. Balance | $15,184,881 |
| Earnings | -$222,477 |
| Other Expense | $724,652 |
| Ending Balance | $14,237,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |