Skagit Valley Hospital Foundation
- Assets
- $2.8m
- Revenue
- $748.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 94-3078550
Organization Overview
Skagit Valley Hospital Foundation is located in Mount Vernon, WA. The organization was established in 1993. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Skagit Valley Hospital 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, Skagit Valley Hospital Foundation generated $748.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $556.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, MANAGE AND DISTRIBUTE FUNDS TO ASSURE THE CONTINUED AVAILABILITY OF QUALITY HEALTH CARE SERVICES AND PROGRAMS THROUGH SKAGIT VALLEY HOSPITAL. THE FOUNDATION WILL FOSTER COMMUNITY AWARENESS OF, AND SUPPORT FOR, SKAGIT VALLEY HOSPITAL THROUGH THE INVOLVEMENT OF THE PEOPLE IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKAGIT REGIONAL HEALTH FOUNDATION MANAGES AND OVERSEES 33 DEDICATED FUNDS. THE MOST ACTIVE FUNDS CURRENTLY ARE THE CARDIAC FUND,THE CANCER CARE FUND, THE FAMILY BIRTH CENTER FUND AND THE CHILDREN'S THERAPY FUND.IN 2022, THE FOUNDATION GRANTED $433,283 TO SUPPORT PROGRAMS AND SERVICES AT SKAGIT REGIONAL HEALTH. EXAMPLES OF THESE GRANTS INCLUDE:- $20,000 FOR CLOTHING FOR PATIENTS-IN-NEED WHO ARE DISCHARGED FROM THE EMERGENCY DEPARTMENT.- $15,013 FOR THE CANCER CARE PATIENT ASSISTANCE FUND.- $10,800 FOR THERAPY SUPPLIES FOR THE CHILDREN'S THERAPY PROGRAM.- $363,122 FOR UPGRADES AND EQUIPMENT PURCHASES IN THE FAMILY BIRTH CENTERS AT BOTH SKAGIT VALLEY HOSPITAL AND CASCADE VALLEY HOSPITAL.- $24,348 FOR A NUMBER OF SMALLER GRANTS TO BENEFIT DIFFERENT AREAS OF OUR HEALTH CARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Barborinas Trustee/vice President | OfficerTrustee | 2 | $0 |
Katie Biringer Trustee | Trustee | 1 | $0 |
Travis Coulter Trustee | Trustee | 1 | $0 |
Mary June Curtis Past President/vp Of Plann | OfficerTrustee | 1 | $0 |
Viry Delgado Trustee | Trustee | 1 | $0 |
Lesha Boucher Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $435,462 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,712 |
| Noncash contributions included in lines 1a–1f | $46,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $718,174 |
| Total Program Service Revenue | $0 |
| Investment income | $41,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,152 |
| Net Income from Fundraising Events | -$15,869 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $433,283 |
| 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 | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,940 |
| Advertising and promotion | $0 |
| Office expenses | $23,750 |
| 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 | $556,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,976 |
| Savings and temporary cash investments | $1,029,485 |
| Pledges and grants receivable | $34,566 |
| 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 | $1,723,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,794,089 |
| Accounts payable and accrued expenses | $3,406 |
| Grants payable | $37,697 |
| 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 | $41,103 |
| Net assets without donor restrictions | $1,348,576 |
| Net assets with donor restrictions | $1,404,410 |
| 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 | $2,794,089 |