City Of Hope
- Assets
- $2.4b
- Revenue
- $479.6m
- Investments
- $1.1b
- Employees
- 358
- Location
- Duarte, CA
- Founding
- 04/1985
- Data as of
- 09/2021
- EIN
- 95-3435919
Organization Overview
City Of Hope is located in Duarte, CA. The organization was established in 1985. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 09/2021, City Of Hope employed 358 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. City Of Hope 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 09/2021, City Of Hope generated $479.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $277.6m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, City Of Hope has awarded 24 individual grants totaling $2,246,011,651. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT AND TRANSFORM THE FUTURE OF HEALTH CARE BY TURNING SCIENCE INTO PRACTICAL BENEFIT AND HOPE FOR CURES INTO REALITY.
Describe the Organization's Program Activity:
CONTRIBUTIONS ARE SOLICITED FOR SUPPORT OF PROGRAMS IN SCIENTIFIC AND MEDICAL RESEARCH, PATIENT CARE AND RELATED SERVICES AND PUBLIC INFORMATION AND EDUCATION PERFORMED AT CITY OF HOPE NATIONAL MEDICAL CENTER, CITY OF HOPE MEDICAL FOUNDATION, ACCESS CITY OF HOPE, LLC, TRANSLATIONAL GENOMICS RESEARCH INSTITUTE, TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION AND THE BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE.
A VARIETY OF SOCIAL SERVICES INCLUDING COMMUNITY OUTREACH, ADVOCACY AND HEALTH EDUCATION; HEALTH, PREVENTION, TREATMENT AND SURVIVORSHIP INFORMATION FOR PATIENTS AND FAMILIES; AND VARIOUS MEDICAL EDUCATION ACTIVITIES INCLUDING CANCER, DIABETES AND HIV/AIDS AWARENESS AND PREVENTION THAT ARE CONDUCTED AT THE MEDICAL CENTER, THE BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE, AND CITY OF HOPE MEDICAL FOUNDATION.
ACCESS CITY OF HOPE, LLC (ACCESSHOPE) PROVIDES OR ARRANGES FOR THE PROVISION TO EMPLOYERS AND PAYORS THROUGHOUT THE UNITED STATES FOR CERTAIN ONCOLOGY-RELATED CONSULTATIVE, ADVISORY AND SUPPORT SERVICES DESIGNED TO ADDRESS THE SPECIFIC CANCER NEEDS OF PATIENTS, IMPROVE CARE OUTCOMES, AND DRIVE VALUE. CITY OF HOPE WAS THE SOLE MEMBER OF ACCESSHOPE UNTIL JUNE OF 2021. ACCESSHOPE EXPORTS THE LATEST CANCER KNOWLEDGE FROM MULTIDISCIPLINARY SPECIALISTS WITH NATIONAL CANCER INSTITUTE-DESIGNATED COMPREHENSIVE CANCER CENTERS TO EMPLOYEES AND THEIR LOCAL ONCOLOGISTS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Stone President/ceo | Officer | 21 | $1,101,623 |
Kristen Bertell Chief Philanthropy Officer | Officer | 51 | $994,601 |
Harlan Levine MD Pres Strategy & Bus Ventures | 21 | $643,435 | |
Jeffrey Walker Coo/assistant Secretary | Officer | 15 | $369,473 |
Annette Walker President Coh Oc Cancer Ctr | 15 | $345,228 | |
Jennifer Parkhurst Cfo/treasurer | Officer | 15 | $343,685 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chapman Cubine Allen Hussey Inc Prof. Fundraising | 9/29/21 | $4,724,320 |
Tricor Contractors Inc Construction Service | 9/29/21 | $3,767,478 |
Kdd Philanthropy Inc Consulting Services | 9/29/21 | $673,782 |
Acclaro Solutions Consulting Services | 9/29/21 | $933,124 |
Three Sixty Advisory Group Llc Consulting Services | 9/29/21 | $1,741,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,774,263 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,627,495 |
| Noncash contributions included in lines 1a–1f | $4,705,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,401,758 |
| Total Program Service Revenue | $3,991,312 |
| Investment income | $25,196,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,127,816 |
| Net Rental Income | $808,264 |
| Net Gain/Loss on Asset Sales | $131,105,515 |
| Net Income from Fundraising Events | $365,495 |
| Net Income from Gaming Activities | $66,239 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $479,624,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,576,283 |
| 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. | $4,530,873 |
| Compensation of current officers, directors, key employees. | $4,046,169 |
| Compensation to disqualified persons | $186,021 |
| Other salaries and wages | $41,808,830 |
| Pension plan accruals and contributions | $1,015,189 |
| Other employee benefits | $3,338,730 |
| Payroll taxes | $2,580,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $925,981 |
| Fees for services: Accounting | $62,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,436,601 |
| Fees for services: Investment Management | $3,358,883 |
| Fees for services: Other | $13,103,145 |
| Advertising and promotion | $706,305 |
| Office expenses | $1,242,881 |
| Information technology | $3,264,162 |
| Royalties | $0 |
| Occupancy | $160,290 |
| Travel | $95,858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $259,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,950,755 |
| Insurance | $242,247 |
| All other expenses | $484,982 |
| Total functional expenses | $277,589,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,822,026 |
| Savings and temporary cash investments | $5,895,554 |
| Pledges and grants receivable | $130,185,614 |
| Accounts receivable, net | $4,174,682 |
| 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 | $781,976 |
| Net Land, buildings, and equipment | $17,222,585 |
| Investments—publicly traded securities | $801,508,249 |
| Investments—other securities | $1,117,198,126 |
| Investments—program-related | $81,418,958 |
| Intangible assets | $0 |
| Other assets | $269,063,221 |
| Total assets | $2,429,270,991 |
| Accounts payable and accrued expenses | $14,353,942 |
| Grants payable | $0 |
| Deferred revenue | $1,340,634 |
| 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 | $86,820,806 |
| Total liabilities | $102,515,382 |
| Net assets without donor restrictions | $1,478,023,933 |
| Net assets with donor restrictions | $848,731,676 |
| 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 | $2,429,270,991 |
Grants Awarded
Over the last fiscal year, City Of Hope has awarded $181,576,283 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: SEE PART IV | $87,685,060 |
Duarte, CA PURPOSE: SEE PART IV | $54,962,347 |
Duarte, CA PURPOSE: SEE PART IV | $20,834,739 |
Phoenix, AZ PURPOSE: SEE PART IV | $18,094,137 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that City Of Hope has recieved totaling $348,114.
| Awarding Organization | Amount |
|---|---|
L & L Borok Foundation Sunnyvale, CA PURPOSE: MEDICAL RESEARCH | $100,000 |
Roslyn & Joseph Baim Family Foundation Tr 101691 Calabasas, CA PURPOSE: DONATION TO WORTHY CHARITY | $100,000 |
California Furniture Manufacturers Association Manhattan Beach, CA | | $70,084 |
Timothy T Day Foundation Inc Phoenix, AZ PURPOSE: SOCIAL SERVICES | $25,000 |
Hobart W And C Faulkner Foundation Phoenix, AZ PURPOSE: MEDICAL | $21,705 |
Robert & Joan Hill Family Foundation Fountain Hills, AZ PURPOSE: OPERATING EXPENSES FOR A 501(C) ORGANIZATION | $11,500 |
Endowment Analysis
| Beg. Balance | $353,427,277 |
| Earnings | $114,921,220 |
| Admin Expense | $1,147,308 |
| Net Contributions | $6,400,878 |
| Other Expense | $16,311,814 |
| Ending Balance | $457,290,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Hope Duarte, CA | $2,429,270,991 | $479,624,746 |
Pipe Trades District Council-36 Health And Welfare Trust Fund Alameda, CA | $54,609,135 | $25,758,175 |
Purchaser Business Group On Health San Francisco, CA | $9,788,968 | $8,757,951 |
Valleywise Health Foundation Phoenix, AZ | $6,989,445 | $12,820,776 |
Greater Los Angeles Veterans Research And Education Institute Los Angeles, CA | $8,109,094 | $7,243,470 |
Public Health Advocates Davis, CA | $4,014,458 | $5,686,275 |
Forward Together Oakland, CA | $14,075,710 | $7,868,987 |
Multicultural Health Foundation San Diego, CA | $2,142,807 | $4,273,142 |
Carestar Foundation Berkeley, CA | $76,999,854 | $5,057,008 |
Catalyst For Payment Reform Inc Berkeley, CA | $1,107,169 | $1,728,994 |
Pacific Vision Foundation San Francisco, CA | $47,950,109 | $1,322,740 |
Dri Research Foundation Reno, NV | $3,010,646 | $1,854,412 |