Lodi Memorial Hospital Foundation Inc
- Assets
- $12.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lodi, CA
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 94-2719880
Organization Overview
Lodi Memorial Hospital Foundation Inc is located in Lodi, CA. The organization was established in 1981. 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. Lodi Memorial Hospital 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 12/2021, Lodi Memorial Hospital Foundation Inc generated $1.8m 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 (16.6%) each year. All expenses for the organization totaled $789.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lodi Memorial Hospital Foundation Inc has awarded 39 individual grants totaling $4,775,013. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING THE GREATER LODI COMMUNITY'S HEALTHCARE AND HEALTHY LIVING THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDS SEVERAL PROGRAMS THAT RESULT IN EXPANDED HEALTH SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Felde Chairman | OfficerTrustee | 1.5 | $0 |
Jeremy Lenser Vice Chairman | OfficerTrustee | 1.2 | $0 |
Steve Diede Secretary | OfficerTrustee | 1 | $0 |
Jan Chandler Board Member | OfficerTrustee | 1 | $0 |
Corey Wright Finance Chair | Trustee | 1 | $0 |
Melissa Phillips-Stroud Public Relations Chair | Trustee | 1.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,891 |
| Noncash contributions included in lines 1a–1f | $13,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,391 |
| Total Program Service Revenue | $0 |
| Investment income | $456,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,701 |
| Net Gain/Loss on Asset Sales | $736,165 |
| Net Income from Fundraising Events | $83,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,800,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $612,332 |
| Grants and other assistance to domestic individuals. | $32,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,729 |
| Payroll taxes | $2,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,741 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,675 |
| Office expenses | $11,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,831 |
| Travel | $1,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,057 |
| Insurance | $1,108 |
| All other expenses | $1,410 |
| Total functional expenses | $789,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $433,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $540,811 |
| Investments—publicly traded securities | $10,543,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,737 |
| Total assets | $11,967,023 |
| 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 | $47,029 |
| Total liabilities | $47,029 |
| Net assets without donor restrictions | $11,691,234 |
| Net assets with donor restrictions | $228,760 |
| 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 | $11,967,023 |
Grants Awarded
Over the last fiscal year, Lodi Memorial Hospital Foundation Inc has awarded $639,123 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: NINE (9) ICU BEDS | $388,154 |
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: MINI C-ARM XRAY MACHINE | $213,479 |
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: OB DEPT / EDUCATION OF SPINNING BABIES | $3,914 |
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: OB DEPT / FIRST NEWBORN PROGRAM | $300 |
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: AH CARE CLUB EMPLOYEE FUND | $874 |
ADVENTIST HEALTH LODI MEMORIAL PURPOSE: AH CARDIAC REHABILITATION DEPT | $5,441 |