Skagit Valley Hospital Foundation
- Assets
- $3.0m
- Revenue
- $607.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- 07/1993
- Data as of
- 12/2021
- 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 12/2021, Skagit Valley Hospital Foundation generated $607.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $182.1k during the year ending 12/2021. 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
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 VALLEY HOSPITAL FOUNDATION MANAGES AND OVERSEES 33 DEDICATED FUNDS. THE MOST ACTIVE FUNDS CURRENTLY ARE THE CANCER CARE FUND, THE FAMILY BIRTH CENTER FUND AND THE CHILDREN'S THERAPY FUND.IN 2021, THE FOUNDATION GRANTED $64,667 TO SUPPORT PROGRAMS AND SERVICES AT SKAGIT REGIONAL HEALTH. EXAMPLES OF THESE GRANTS INCLUDE:- $6,083 FOR CLOTHING FOR PATIENTS-IN-NEED WHO ARE DISCHARGED FROM THE EMERGENCY DEPARTMENT.- $10,932 FOR THE CANCER CARE PATIENT ASSISTANCE FUND.- $5,324 FOR THERAPY SUPPLIES FOR THE CHILDREN'S THERAPY PROGRAM.- $2,882 FOR AN ANESTHESIA CART FOR SURGICAL SERVICES.- $39,446 FOR A NUMBER OF SMALLER GRANTS TO BENEFIT DIFFERENT AREAS OF OUR HEALTH CARE SYSTEM.THE MORE THAN $500,000 RAISED FOR THE FAMILY BIRTH CENTER DURING THE 2021 CAMPAIGN WILL BE GRANTED TO SKAGIT REGIONAL HEALTH IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Barborinas Trustee/vice President | OfficerTrustee | 1 | $0 |
Mary June Curtis Past President/vp Of Planned Giving | OfficerTrustee | 2 | $0 |
Aldi Kllogjeri Treasurer | OfficerTrustee | 2 | $0 |
Katie Jungquist Trustee/ VP Of Cancer Care | OfficerTrustee | 2 | $0 |
Larry Otos Trustee/president | OfficerTrustee | 1 | $0 |
Linda Frizzell Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,988 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,550 |
| Noncash contributions included in lines 1a–1f | $62,076 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,538 |
| Total Program Service Revenue | $0 |
| Investment income | $45,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,061 |
| Net Income from Fundraising Events | -$42,226 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,667 |
| 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 | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,796 |
| Advertising and promotion | $0 |
| Office expenses | $12,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110 |
| 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 | $234 |
| Total functional expenses | $182,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,499 |
| Savings and temporary cash investments | $851,461 |
| Pledges and grants receivable | $48,434 |
| 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 | $2,085,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,988,387 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,615 |
| 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 | $5,615 |
| Net assets without donor restrictions | $1,771,683 |
| Net assets with donor restrictions | $1,211,089 |
| 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 | $2,988,387 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Skagit Valley Hospital Foundation has recieved totaling $61,121.
| Awarding Organization | Amount |
|---|---|
The Nysether Family Foundation Everett, WA PURPOSE: PROGRAM EXPENSES | $30,000 |
The Nysether Family Foundation Everett, WA PURPOSE: PROGRAM EXPENSES | $20,000 |
Skagit Community Foundation Mount Vernon, WA PURPOSE: BIRTH CENTER EQUIPMENT & ENDOWMENT DISTRIBUTION | $11,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Endowment Analysis
| Beg. Balance | $115,604 |
| Earnings | $16,907 |
| Admin Expense | $1,170 |
| Net Contributions | $650 |
| Ending Balance | $131,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-State Memorial Hospital Clarkston, WA | $106,154,327 | $102,972,246 |
Saint Alphonsus Medical Center- Ontario Inc Ontario, OR | $100,480,171 | $82,404,925 |
Family Medicine Residency Of Idahoinc Boise, ID | $18,048,214 | $63,126,240 |
North Canyon Medical Center Inc Gooding, ID | $58,497,555 | $51,771,890 |
Saint Alphonsus Medical Center Baker City Inc Baker City, OR | $29,334,008 | $40,966,574 |
Valor Health Emmett, ID | $15,728,920 | $27,505,375 |
Northwest Medical Physics Center Lynnwood, WA | $4,213,173 | $14,839,760 |
Idaho Hospital Association Boise, ID | $5,527,152 | $4,519,519 |
Health In Harmony Inc Portland, OR | $3,048,686 | $4,501,385 |
Volunteer Hospice Of Clallam County Port Angeles, WA | $15,666,343 | $2,329,944 |
Skagit Valley Hospital Foundation Mount Vernon, WA | $2,988,387 | $607,753 |
Bear Lake Valley Health Care Foundation Montpelier, ID | $1,594,462 | $192,709 |