Hoag Memorial Hospital Presbyterian
- Assets
- $3.6b
- Revenue
- $1.3b
- Investments
- $1.3b
- Employees
- 6,811
- Location
- Newport Beach, CA
- Founding
- 03/1954
- Data as of
- 12/2020
- EIN
- 95-1643327
Organization Overview
Hoag Memorial Hospital Presbyterian is located in Newport Beach, CA. The organization was established in 1954. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Hoag Memorial Hospital Presbyterian employed 6,811 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoag Memorial Hospital Presbyterian 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 12/2020, Hoag Memorial Hospital Presbyterian generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.2b during the year ending 12/2020. While expenses have increased by 5.3% per year over the past 6 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.
Since 2015, Hoag Memorial Hospital Presbyterian has awarded 567 individual grants totaling $68,129,130. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AS A NOT-FOR-PROFIT, FAITH- BASED HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY HEALTHCARE SERVICES TO THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Braithwaite Ceo/president/board Membeer | Officer | 50 | $1,744,587 |
Flynn Andrizzi SVP | Officer | 2 | $950,386 |
Kris V Iyer MD VP Sr & Cao | Officer | 2 | $819,091 |
Jennifer Mitzner VP Exec. | 0 | $794,236 | |
Andrew Guarni Evp & CFO | Officer | 50 | $709,033 |
Richard Martin SVP & Chief Nursing Officer | Officer | 50 | $645,345 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Hospitalists Associates Medical Services | 12/30/21 | $13,431,853 |
Emerald Textiles Llc Textile Rental Svcs. | 12/30/21 | $4,259,714 |
Newport Critical Care Phys Med Medical Services | 12/30/21 | $6,182,900 |
Renovo Solutions Llc Biomed Services | 12/30/21 | $3,675,412 |
Water Cooler Group Llc Marketing Services | 12/30/21 | $4,000,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,317,507 |
| Government grants | $21,704,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,309,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,331,498 |
| Total Program Service Revenue | $1,196,773,576 |
| Investment income | $11,413,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,946,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,260,756,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,298,904 |
| 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. | $7,966,876 |
| Compensation of current officers, directors, key employees. | $7,441,062 |
| Compensation to disqualified persons | $162,531 |
| Other salaries and wages | $410,857,575 |
| Pension plan accruals and contributions | $22,684,152 |
| Other employee benefits | $56,232,896 |
| Payroll taxes | $32,292,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,685,136 |
| Fees for services: Accounting | $948,475 |
| Fees for services: Lobbying | $36,032 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,538,155 |
| Fees for services: Other | $136,302,749 |
| Advertising and promotion | $3,276,582 |
| Office expenses | $14,013,916 |
| Information technology | $15,444,417 |
| Royalties | $0 |
| Occupancy | $66,523,636 |
| Travel | $202,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266,388 |
| Interest | $16,222,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,621,055 |
| Insurance | $3,626,323 |
| All other expenses | $20,302,267 |
| Total functional expenses | $1,201,558,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,346,664 |
| Savings and temporary cash investments | $120,644,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,067,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,992,355 |
| Inventories for sale or use | $12,170,698 |
| Prepaid expenses and deferred charges | $25,180,716 |
| Net Land, buildings, and equipment | $902,389,730 |
| Investments—publicly traded securities | $833,279,748 |
| Investments—other securities | $1,255,598,158 |
| Investments—program-related | $10,881,266 |
| Intangible assets | $625,000 |
| Other assets | $225,094,310 |
| Total assets | $3,606,270,386 |
| Accounts payable and accrued expenses | $153,350,820 |
| Grants payable | $0 |
| Deferred revenue | $876,022 |
| 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 | $801,726,933 |
| Total liabilities | $955,953,775 |
| Net assets without donor restrictions | $2,650,239,214 |
| Net assets with donor restrictions | $77,397 |
| 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 | $3,606,270,386 |
Grants Awarded
Over the last fiscal year, Hoag Memorial Hospital Presbyterian has awarded $9,291,026 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
Costa Mesa, CA PURPOSE: Access to Care Expansion, Rental Assistance Progra Operations and Community Education & Outreach Prog Pediatric Diabetes Services at Allen Diabetes Cent Feeding Families OC Free Tax Prep NMUSD Health and Wellness Program Mental Health Programs, CY22 Grant Planned Parenthood of OC NAMI Connects & Mental Health Education Public Law Services Friendly Visitor Program, 2021 Smilemakers Gifts, Better Together 2022, CY22 Grant Women's Health & Prevention and Management, Event Planned Parenthood of OC Maternal Child Health Coordination SOLACE-Supporting Others Through Loss BRIDGES, Diversity, Inclusion, and Equity Training Access to Health Coverage and Mental Health Servic Senior Transportation, Operations of programs, Mob Mental Health Counseling Program, Family Solutions Overcoming Financial Barriers to Care Specialized Domestic Violence MH Services, Sponsor Food Truck Feeding Program, 2021 Hungry Games Spon South County Adult Day Services; Advance Care Plan Clinic in the Park High School Bi | $2,225,000 |
ALZHEIMER'S FAMILY SERVICES CENTER PURPOSE: Access to Health Coverage and Mental Health Services | $1,376,467 |
Orange, CA PURPOSE: Senior Transportation, Operations of programs, Mobile Meals | $902,821 |
SECOND HARVEST FOOD BANK | | | $275,000 |
Irvine, CA | | $225,000 |
NEWPORT -MESA UNIFIED SCHOOL DISTRICT | | | $221,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hoag Memorial Hospital Presbyterian has recieved totaling $26,439,091.
| Awarding Organization | Amount |
|---|---|
Hoag Hospital Foundation Newport Beach, CA PURPOSE: PROGRAM SUPPORT | $26,329,091 |
Healthcare Foundation For Orange County Santa Ana, CA PURPOSE: A TWO-GENERATION MODEL OF TRAUMA INFORMED MATERNAL-CHILD HEALTH COORDINATION; SAFETY NET AGREEMENT | $110,000 |
Endowment Analysis
| Beg. Balance | $164,655,908 |
| Earnings | $23,223,391 |
| Net Contributions | $3,030,230 |
| Other Expense | $6,879,769 |
| Ending Balance | $184,029,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |