Valleycare Charitable Foundation
- Assets
- $3.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 02/1993
- Data as of
- 06/2021
- EIN
- 94-2941652
Organization Overview
Valleycare Charitable Foundation is located in Pleasanton, 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. Valleycare Charitable 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 06/2021, Valleycare Charitable Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $3.7m during the year ending 06/2021. 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
VALLEYCARE CHARITABLE FOUNDATION (VCCF) IS AN INDEPENDENT, NONPROFIT 501(C)(3) CHARITABLE ORGANIZATION DEDICATED TO THE HEALTH AND BETTERMENT OF THE TRI-VALLEY THROUGH OUR ONGOING FUNDING OF OUR COMMUNITY HOSPITAL, STANFORD HEALTH CARE-VALLEYCARE (SHC-VC) AND ITS INNOVATIVE PROGRAMS. FORWARD-THINKING AND COMMUNITY-DRIVEN, WE HELP ENSURE THAT OUR COMMUNITY HAS ACCESS TO WORLD-CLASS MEDICAL CARE AND LIFESAVING SERVICES AND TECHNOLOGY. TO LEARN MORE ABOUT VCCF AND THE IMPACT OF DONATIONS AT SHC-VC OR TO MAKE A DONATION TO SUPPORT THE WORLD-CLASS MEDICAL CARE AND PROGRAM AT THE HOSPITAL, VISIT GIVEVALLEYCARE.ORG OR CALL 925-373-4560.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEYCARE CHARITABLE FOUNDATION RAISES FUNDS AND THEN GRANTS THESE FUNDS TO STANFORD HEALTH CARE - VALLEYCARE FOR THE PURPOSE OF PROVIDING STATE-OF-THE-ART HEALTH CARE TO THE PATIENTS AND THE COMMUNITY. GRANTS ARE DESIGNATED TO A WIDE-RANGE OF PROGRAMS AND SERVICES PROVIDED BY THE HOSPITAL, SUCH AS FUNDING FOR STATE-OF-THE-ART EQUIPMENT AND TECHNOLOGIES, PROGRAMS THAT IMPROVE PATIENT OUTCOMES, AND SERVICES THAT IMPROVE THE HEALTH OF THE TRI-VALLEY COMMUNITY.
ON JUNE 28, 2021, THE HOSPITAL COMMITTEE OF THE LIVERMORE-PLEASANTON AREAS DOING BUSINESS AS STANFORD HEALTH CARE-VALLEYCARE (SHC-VC) ENTERED INTO A MERGER AGREEMENT WITH VALLEYCARE CHARITABLE FOUNDATION (VCCF). SHC-VC IS THE OWNER AND OPERATOR OF A GENERAL ACUTE CARE HOSPITAL, AND VCCF'S PURPOSE WAS TO SOLICIT, RECEIVE, AND MAINTAIN GIFTS FOR THE HOSPITAL. UNDER THE MERGER AGREEMENT, VCCF WOULD BE MERGED WITH AND INTO SHC-VC. THE MERGER OF VCCF AND SHC-VC WAS CONSUMMATED AND BECAME EFFECTIVE ON JULY 12, 2021 UPON THE FILING OF THE MERGER AGREEMENT WITH THE SECRETARY OF STATE OF CALIFORNIA, LEAVING SHC-VC AS THE SOLE SURVIVING CORPORATION. THE LAST DAY OF VCCF'S EXISTENCE AS A SEPARATE CORPORATION WAS ON JULY 11, 2021, AND VCCF TRANSFERRED ITS REMAINING FUNDS TO SHC-VC ON JULY 13, 2021.
VALLEYCARE CHARITABLE FOUNDATION RAISES FUNDS AND THEN GRANTS THESE FUNDS TO STANFORD HEALTH CARE - VALLEYCARE FOR THE PURPOSE OF PROVIDING STATE-OF-THE-ART HEALTH CARE TO THE PATIENTS AND THE COMMUNITY. GRANTS ARE DESIGNATED TO A WIDE-RANGE OF PROGRAMS AND SERVICES PROVIDED BY THE HOSPITAL, SUCH AS FUNDING FOR STATE-OF-THE-ART EQUIPMENT AND TECHNOLOGIES, PROGRAMS THAT IMPROVE PATIENT OUTCOMES, AND SERVICES THAT IMPROVE THE HEALTH OF THE TRI-VALLEY COMMUNITY.
ON JUNE 28, 2021, THE HOSPITAL COMMITTEE OF THE LIVERMORE-PLEASANTON AREAS DOING BUSINESS AS STANFORD HEALTH CARE-VALLEYCARE (SHC-VC) ENTERED INTO A MERGER AGREEMENT WITH VALLEYCARE CHARITABLE FOUNDATION (VCCF). SHC-VC IS THE OWNER AND OPERATOR OF A GENERAL ACUTE CARE HOSPITAL, AND VCCF'S PURPOSE WAS TO SOLICIT, RECEIVE, AND MAINTAIN GIFTS FOR THE HOSPITAL. UNDER THE MERGER AGREEMENT, VCCF WOULD BE MERGED WITH AND INTO SHC-VC. THE MERGER OF VCCF AND SHC-VC WAS CONSUMMATED AND BECAME EFFECTIVE ON JULY 12, 2021 UPON THE FILING OF THE MERGER AGREEMENT WITH THE SECRETARY OF STATE OF CALIFORNIA, LEAVING SHC-VC AS THE SOLE SURVIVING CORPORATION. THE LAST DAY OF VCCF'S EXISTENCE AS A SEPARATE CORPORATION WAS ON JULY 11, 2021, AND VCCF TRANSFERRED ITS REMAINING FUNDS TO SHC-VC ON JULY 13, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shake Sulikyan Former Executive Director | 47 | $142,693 | |
Robert Shapiro Chair Of The Board | Trustee | 5 | $0 |
Joyce Shapiro Trustee,vice-Chair | Trustee | 3 | $0 |
Gary Alt Trustee,vice-Chair Finance | Trustee | 3 | $0 |
David Clausen Trustee,vice-Chair | Trustee | 3 | $0 |
Chad Anderson Trustee | Trustee | 2 | $0 |
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 | $244,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,793 |
| Total Program Service Revenue | $0 |
| Investment income | $84,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,084,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,414,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,223,026 |
| 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 | $293,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,269 |
| Payroll taxes | $9,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,223 |
| Fees for services: Accounting | $11,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,944 |
| Advertising and promotion | $473 |
| Office expenses | $16,641 |
| Information technology | $18,552 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115 |
| 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 | $5,867 |
| All other expenses | $12,735 |
| Total functional expenses | $3,675,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,593,230 |
| 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 | $7,742 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,600,972 |
| Accounts payable and accrued expenses | $32,280 |
| 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 | $32,280 |
| Net assets without donor restrictions | $2,594,363 |
| Net assets with donor restrictions | $974,329 |
| 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 | $3,600,972 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valleycare Charitable Foundation has recieved totaling $14,732.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $14,703 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $53,870 |
| Grants | $53,870 |
| Ending Balance | $53,870 |
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 |