Mary Bridge Childrens Foundation
- Assets
- $229.7m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Tacoma, WA
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 94-3030039
Organization Overview
Mary Bridge Childrens Foundation is located in Tacoma, WA. The organization was established in 1991. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Mary Bridge Childrens Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Bridge Childrens 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 12/2023, Mary Bridge Childrens Foundation generated $27.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. While expenses have increased by 0.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING FOR HEALING AND A HEALTHY FUTURE THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 MARY BRIDGE CHILDREN'S FOUNDATION PROVIDED $2,383,551 IN FUNDING FOR THE NEW MARY BRIDGE KIDS PLAY REMODEL. THE MARY BRIDGE KID'S PLAY PROJECT IS PART OF THE OVERALL REPLACEMENT OF THE MARY BRIDGE CHILDREN'S HOSPITAL. THE PROJECT INCLUDES A NEW DEDICATED PEDIATRIC HOSPITAL, A NEW MEDICAL OFFICE BUILDING (MOB)AND 2 NEW PARKING GARAGES. THE NEW HOSPITAL WILL INCLUDE 82 BEDS, 6 OR'S, CARDIAC CATH LAB, 2 ENDO SUITES, 29 ED EXAM ROOMS AND FULL DIAGNOSTIC IMAGING. THERE WILL BE SHELL SPACE FOR FUTURE BED CAPACITY AND 2 OR'S. THE NEW MOB WILL SUPPORT AMBULATORY CLINIC FUNCTIONS INCLUDING A NEW URGENT CARE CLINIC, BH CRISIS ASSESSMENT SERVICES, ORTHOPEDICS, HEMATOLOGY/ONCOLOGY, AND INFUSION SERVICES. THE NEW FACILITY WILL PROMOTE A HEALTHY ENVIRONMENT AND UNIQUELY DEPLOY- SEE SCH O- TECHNOLOGIES THAT ENHANCE EXPERIENCE OF PATIENTS AND THEIR FAMILIES AND SIMPLIFIES THE WORK OF EMPLOYEES.
MARY BRIDGE CHILDREN'S FOUNDATION PROVIDED $961,243 IN SUPPORT FOR MULTICARE'S OPHTHALMOLOGY CLINIC MOVE AT BAKER CENTER.THE NEW MULTICARE MARY BRIDGE MARY BRIDGE CHILDREN'S OPHTHALMOLOGY CLINIC WILL BE BUILT OUT IN BAKER CENTER ON THE 4TH FLOOR. THIS MOVE IS NECESSARY AS THE EAST WING OF THE HEALTH CENTER IS BEING DEMOLISHED. THIS MOVE TO BAKER CENTER WILL PROVIDE AN INCREASE IN SPACE, ALLOWING OPPORTUNITIES TO HIRE ADDITIONAL PROVIDERS AND INCREASE COMMUNITY ACCESS.
IN 2023 MARY BRIDGE CHILDREN'S FOUNDATION PROVIDED $2,170,183 IN FUNDING TO THE FOLLOWING PROGRAMS AT MARY BRIDGE CHILDREN'S HOSPITAL AND PEDIATRIC NETWORK: FAMILY ASSISTANCE AND HELPING HANDS, CHILD ABUSE AND THE CENTER FOR CHILDHOOD SAFETY, THE COMMUNITY HEALTH PROGRAM AND BRIDGES/CAMP ERIN (A PROGRAM FOR CHILDREN WHO HAVE LOST FAMILY MEMBERS).
MARY BRIDGE CHILDREN'S FOUNDATION SUPPORTS THE FACILITIES, PROGRAMS AND THE OPERATIONS OF THE MULTICARE HEALTH SYSTEM'S, A RELATED HEALTHCARE TAX-EXEMPT ENTITY, PEDIATRIC NETWORK AND MULTICARE MARY BRIDGE CHILDREN'S HOSPITAL.IN 2023 THE FOUNDATIONS PROVIDED $1,031,218 TOWARDS NEW EQUIPMENT AT THE MARY BRIDGE CHILDREN'S HOPISTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Rajacich MD Chair,physician | OfficerTrustee | 2 | $0 |
Stephanie Acierno MD Member, Physician | Trustee | 2 | $0 |
Robert Cooper MD Member, Physician | Trustee | 2 | $0 |
Michele Cannon Bessler MD Member,physician | Trustee | 2 | $0 |
Amy Bettesworth Member | Trustee | 2 | $0 |
Evan Boulanger Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,814 |
| Membership dues | $0 |
| Fundraising events | $2,006,076 |
| Related organizations | $2,024,857 |
| Government grants | $3,266,329 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,138,588 |
| Noncash contributions included in lines 1a–1f | $1,557,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,445,664 |
| Total Program Service Revenue | $0 |
| Investment income | $1,925,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,270,460 |
| Net Income from Fundraising Events | $168,044 |
| Net Income from Gaming Activities | $37,975 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,847,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,546,195 |
| 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 | $560,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,774 |
| Payroll taxes | $36,211 |
| 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 | $0 |
| Fees for services: Other | $1,814 |
| Advertising and promotion | $4,371 |
| Office expenses | $9,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,897 |
| 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 | $7,391,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,498,351 |
| 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 | $1,658 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,209,326 |
| Total assets | $229,709,335 |
| Accounts payable and accrued expenses | $42,468,607 |
| 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 | $42,468,607 |
| Net assets without donor restrictions | -$3,542,870 |
| Net assets with donor restrictions | $190,783,598 |
| 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 | $229,709,335 |