Hospice Endowment Trust Fund Of Phoenix Arizona
- Assets
- $669.7m
- Revenue
- $18.1m
- Investments
- $183.0m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 94-2856701
Organization Overview
Hospice Endowment Trust Fund Of Phoenix Arizona is located in Phoenix, AZ. The organization was established in 1982. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Endowment Trust Fund Of Phoenix Arizona 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, Hospice Endowment Trust Fund Of Phoenix Arizona generated $18.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $3.6m during the year ending 09/2023. While expenses have increased by 18.1% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING AND INVESTING CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF HOSPICE OF THE VALLEY, A RELATED 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
HOSPICE ENDOWMENT TRUST FUND OF PHOENIX, AZ HAS SEEN ITS INVESTMENT HOLDINGS INCREASE. THIS GROWTH IS ATTRIBUTABLE TO FAVORABLE MARKET RESULTS AND THE TRANSFER OF ADDITIONAL CAPITAL FROM HOSPICE OF THE VALLEY, THE CONTROLLING ORGANIZATION. THE ASSETS OF THE ENDOWMENT TRUST FUND ARE SOLELY FOR THE PURPOSE OF SUPPORTING HOSPICE OF THE VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/vice President | OfficerTrustee | 0.1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.1 | $0 |
Name Not Listed Executive Director | OfficerTrustee | 5 | $0 |
Name Not Listed Trustee/treasurer | OfficerTrustee | 0.1 | $0 |
Name Not Listed Trustee/president | OfficerTrustee | 0.1 | $0 |
Name Not Listed Trustee/immediate Past Pres. | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canterbury Consulting Investment Mgt Svcs | 9/29/23 | $396,913 |
Pinnacle Asset Management Investment Mgt Svcs | 9/29/23 | $211,125 |
Diamond Hill Investment Group Investment Mgt Svcs | 9/29/23 | $167,312 |
Vaughan Nelson Investment Management Investment Mgt Svcs | 9/29/23 | $112,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,626 |
| Noncash contributions included in lines 1a–1f | $276,626 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,626 |
| Total Program Service Revenue | $0 |
| Investment income | $19,973,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,140,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,109,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,412,893 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,631,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,761,818 |
| Pledges and grants receivable | $0 |
| 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 | $466,878,043 |
| Investments—other securities | $183,028,559 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,668,420 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $669,413,018 |
| Net assets with donor restrictions | $255,402 |
| 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 | $669,668,420 |
Grants Awarded
Over the last fiscal year, Hospice Endowment Trust Fund Of Phoenix Arizona has awarded $237,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHOENIX CHILDREN'S HOSPITAL FOUNDATION PURPOSE: PALLIATIVE CARE FELLOWSHIP | $200,000 |
HONORHEALTH FOUNDATION PURPOSE: GERIATRIC MEDICINE FELLOWSHIP | $37,500 |