Sutter Medical Center Foundation
- Assets
- $56.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 02/1982
- Data as of
- 12/2022
- EIN
- 94-2788906
Organization Overview
Sutter Medical Center Foundation is located in Sacramento, CA. The organization was established in 1982. 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. Sutter Medical Center 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, Sutter Medical Center Foundation generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sutter Medical Center Foundation has awarded 25 individual grants totaling $46,739,892. 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
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 |
|---|---|---|---|
Rachael Mckinney Hosp Area Ceo, Central Valley | Trustee | 1 | $0 |
Jodi Davis Chief Philanthropy Officer-Sh | Officer | 0 | $0 |
Timothy Noakes CFO Hospital Smcs | Officer | 1 | $0 |
Alison Sadler Sh Vp, Philanthropy | 0 | $0 | |
Lisa Hume Director Of Philanthropy | OfficerTrustee | 2 | $0 |
Sallie Adams MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $12,412 |
| Membership dues | $0 |
| Fundraising events | $43,495 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,864,084 |
| Noncash contributions included in lines 1a–1f | $23,873 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,919,991 |
| Total Program Service Revenue | $1,601,799 |
| Investment income | $863,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $620,146 |
| Net Income from Fundraising Events | -$13,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,991,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,739,832 |
| Grants and other assistance to domestic individuals. | $3,546 |
| 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 | $764,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $453,154 |
| 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 | $112,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,345 |
| Information technology | $45 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,626 |
| 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 | $33,245 |
| All other expenses | $0 |
| Total functional expenses | $9,457,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $953,757 |
| Pledges and grants receivable | $645,696 |
| 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 | $54,030,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $878,965 |
| Total assets | $56,509,114 |
| Accounts payable and accrued expenses | $8,838,235 |
| 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 | $8,866 |
| Total liabilities | $8,847,101 |
| Net assets without donor restrictions | $19,824,253 |
| Net assets with donor restrictions | $27,837,760 |
| 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 | $56,509,114 |
Grants Awarded
Over the last fiscal year, Sutter Medical Center Foundation has awarded $7,737,833 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SUTTER VALLEY HOSPITALS PURPOSE: PROGRAM & CAPITAL | $7,338,867 |
SUTTER VISITING NURSE ASSOCIATION & HOSPICE PURPOSE: PROGRAM SUPPORT | $216,638 |
SUTTER VALLEY MEDICAL FOUNDATION PURPOSE: Program Support | $176,348 |
SUTTER BAY MEDICAL FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,980 |