Providence Health & Services Foundation
- Assets
- $162.4m
- Revenue
- $70.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 12/1980
- Data as of
- 12/2021
- EIN
- 95-3544877
Organization Overview
Providence Health & Services Foundation is located in Burbank, CA. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Providence Health & Services 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, Providence Health & Services Foundation generated $70.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $30.2m during the year ending 12/2021. While expenses have increased by 10.4% per year over the past 7 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 2014, Providence Health & Services Foundation has awarded 133 individual grants totaling $101,812,783. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenya Beckmann President | OfficerTrustee | 25 | $0 |
Edward A Romano Treasurer | OfficerTrustee | 1 | $0 |
Peter J Lynch Chair | OfficerTrustee | 1 | $0 |
Stephen J Dutka Vice Chair | OfficerTrustee | 1 | $0 |
David Sato Secretary | OfficerTrustee | 1 | $0 |
Markwa Kilani MD Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marts & Lundy Fundraising Consultation | 12/30/16 | $122,426 |
Pacific Rim Printing Design & Printing | 12/30/16 | $115,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,556,884 |
| Government grants | $1,840,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,396,176 |
| Noncash contributions included in lines 1a–1f | $173,446 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,793,060 |
| Total Program Service Revenue | $0 |
| Investment income | $3,042,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,661,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,514,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,156,879 |
| Grants and other assistance to domestic individuals. | $144,618 |
| 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 | $1,920,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,453 |
| Payroll taxes | $121,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,021 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $222,881 |
| Fees for services: Other | $3,290,001 |
| Advertising and promotion | $19,705 |
| Office expenses | $98,366 |
| Information technology | $7,482 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,031 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,540 |
| Insurance | $0 |
| All other expenses | $17,340 |
| Total functional expenses | $30,193,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568 |
| Savings and temporary cash investments | $3,528,008 |
| Pledges and grants receivable | $44,594,449 |
| 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 | $277,096 |
| Net Land, buildings, and equipment | $1,306 |
| Investments—publicly traded securities | $102,384,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,649,994 |
| Total assets | $162,436,419 |
| Accounts payable and accrued expenses | $166,371 |
| Grants payable | $0 |
| 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 | $733,440 |
| Total liabilities | $899,811 |
| Net assets without donor restrictions | $84,483,169 |
| Net assets with donor restrictions | $77,053,439 |
| 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 | $162,436,419 |
Grants Awarded
Over the last fiscal year, Providence Health & Services Foundation has awarded $24,153,679 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Renton, WA PURPOSE: SUPPORT OPERATIONS. | $23,462,358 |
Renton, WA PURPOSE: SUPPORT OPERATIONS. | $294,521 |
YMCA OF METROPOLITAN LOS ANGELES (MID VALLEY FAMILY YMCA AND WEST VALLEY Y) Org PageRecipient ProfileLos Angeles, CA PURPOSE: PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY. | $36,000 |
Burbank, CA PURPOSE: PROVIDE ASSISTANCE TO THE POOR AND HOMELESS. | $18,000 |
Glendale, CA PURPOSE: SERVICES FOR THE HOMELESS. | $18,000 |
Los Angeles, CA PURPOSE: SUPPORT OPERATIONS. | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Providence Health & Services Foundation has recieved totaling $680,951.
| Awarding Organization | Amount |
|---|---|
| $453,000 | |
Discover A Star Universal City, CA PURPOSE: TO SUPPORT NEUROSCIENCE CENTER | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $58,501 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,450 |
Millennium Evergreen Charitable Fund Owings Mills, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $7,617,326 |
| Earnings | $231,391 |
| Net Contributions | $27,610 |
| Other Expense | $44,500 |
| Ending Balance | $7,831,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |
Baychildrens Physicians Emeryville, CA | $9,899,523 | $53,401,080 |
St Joseph Health System Foundation Irvine, CA | $143,290,236 | $11,443,697 |
Montage Health Monterey, CA | $1,194,971,781 | $24,934,735 |
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 |