Marin General Hospital Foundation
- Assets
- $36.2m
- Revenue
- $10.0m
- Investments
- $3.5m
- Employees
- 9
- Location
- Greenbrae, CA
- Founding
- 06/1966
- Data as of
- 12/2021
- EIN
- 94-6127213
Organization Overview
Marin General Hospital Foundation, operating under the name Marinhealth Foundation, is located in Greenbrae, CA. The organization was established in 1966. 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 12/2021, Marinhealth Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marinhealth 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, Marinhealth Foundation generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $10.1m 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
FUNDRAISING SERVICES TO SUPPORT MARINHEALTH PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT 2021 MARINHEALTH FOUNDATION RAISED FUNDS AND TRANSFERRED AMOUNTS TO MARINHEALTH MEDICAL CENTER. RECENT PROGRAMS AND SERVICES MADE POSSIBLE WITH PHILANTHROPIC SUPPORT INCLUDE: A NEW GRADUATE NURSE RESIDENCY PROGRAM; A MARINHEALTH OUTPATIENT PSYCHIATRY CLINIC IN NOVATO; A NEW HYBRID OPERATING ROOM IN THE OAK PAVILION; A NEW CT SIMULATOR AT MARINHEALTH CANCER CARE; A SURGICAL IMAGING C-ARM; A DEPUYS SYNTHES VELYS ROBOTIC-ASSISTED SOLUTION FOR KNEE REPLACEMENT; UPGRADED SOFTWARE AND HARDWARE FOR THE BREAST HEALTH CENTER; THE CONTINUED EXPANSION OF OUR STRUCTURAL HEART PROGRAM, OFFERING AN EVEN LARGER ARRAY OF NON-INVASIVE LIFESAVING PROCEDURES TO THOSE WHO WOULD HAVE IN THE PAST NEEDED OPEN HEART SURGERY; SUPPORT FOR UNDERINSURED CANCER PATIENTS, INCLUDING MAMMOGRAMS, PHYSICAL THERAPY, WIGS, PROSTHETICS, AND FINANCIAL ASSISTANCE; SUPPORT FOR THE BRADEN DIABETES CENTER; AND SUPPORT FOR THE HAYNES CARDIOVASCULAR INSTITUTE. SUPPORT WAS RECEIVED THROUGH FUNDRAISING EVENTS (WHICH WERE ULTIMATELY CANCELLED DUE TO THE COVID-19 PANDEMIC) AS WELL AS THROUGH GENEROUS SUPPORT FROM COMMUNITY DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Braden Chair | OfficerTrustee | 1 | $0 |
Stephanie Robinson Vice Chair | OfficerTrustee | 0.5 | $0 |
Aj Rohde Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Stone Secretary | OfficerTrustee | 0.5 | $0 |
Elizabeth Kolcun Board Member / President & Cdo | OfficerTrustee | 46 | $0 |
Eric Brettner CFO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Inc Fundraising Consultant | 12/30/17 | $390,000 |
Deborah Mann Productions Event Planning | 12/30/17 | $143,000 |
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 | $9,718,778 |
| Noncash contributions included in lines 1a–1f | $561,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,718,778 |
| Total Program Service Revenue | $0 |
| Investment income | $370,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,047,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,481,128 |
| 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 | $123,086 |
| 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 | $40,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $180,138 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,761 |
| Advertising and promotion | $0 |
| Office expenses | $29,965 |
| Information technology | $26,190 |
| 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 | $62 |
| Total functional expenses | $10,149,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,767,724 |
| Savings and temporary cash investments | $5,554,019 |
| Pledges and grants receivable | $5,004,140 |
| 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 | $14,970,363 |
| Investments—other securities | $3,533,889 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,332,361 |
| Total assets | $36,162,496 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,075,951 |
| 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 | $1,075,951 |
| Net assets without donor restrictions | $8,778,536 |
| Net assets with donor restrictions | $26,308,009 |
| 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 | $36,162,496 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Marin General Hospital Foundation has recieved totaling $455,742.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $248,700 |
Schultz Foundation Greenbrae, CA PURPOSE: OUCHLESS ED | $45,000 |
Charles D & Frances K Field Fund San Francisco, CA PURPOSE: SUPPORT HOSPITAL'S GENERAL PURPOSES | $35,000 |
Winslow Family Foundation Belvedere, CA PURPOSE: GENERAL OPERATING | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $27,000 |
To Celebrate Life Breast Cancer Foundation Kentfield, CA PURPOSE: DIAGNOSTIC SERVICES | $25,000 |
Endowment Analysis
| Beg. Balance | $2,076,482 |
| Earnings | $75,867 |
| Net Contributions | $50,000 |
| Grants | $105,155 |
| Ending Balance | $2,097,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Providence Health & Services Foundation Burbank, CA | $162,436,419 | $70,514,754 |
Phoenix Childrens Hospital Foundation Phoenix, AZ | $169,654,269 | $46,955,986 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA | $242,184,554 | $25,746,926 |
Collis P & Howard Huntington Memorial Hospital Trust Pasadena, CA | $514,343,312 | $111,327,591 |
Childrens Hospital & Research Center Foundation Oakland, CA | $371,253,333 | $25,107,510 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |
Providers Insurance Corporation Honolulu, HI | $85,184,970 | $19,689,138 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |