Bakersfield Memorial Hospital Foundation

Organization Overview

Bakersfield Memorial Hospital Foundation is located in Bakersfield, CA. The organization was established in 1981. According to its NTEE Classification (E22) the organization is classified as: General 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. Bakersfield Memorial 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 06/2024, Bakersfield Memorial Hospital Foundation generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.6m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE PROCUREMENT AND EXTENSION OF FINANCIAL AID TOWARD THE OPERATION, MAINTENANCE AND MODERNIZATION OF FACILITIES OF MEMORIAL HEALTH SYSTEMS, INC., AND BAKERSFIELD MEMORIAL HOSPITAL ITS AFFILIATED ENTITIES. SO THAT THE GREATEST AMOUNT OF HEALTH CARE SERVICES MAY BE EXTENDED TO THE GREATEST NUMBER OF PERSONS SERVED BY MEMORIAL HEALTH SYSTEMS, INC. AND ITS AFFILIATED ENTITIES. THESE ACTIVITIES MAY BE BROAD IN SCOPE, AND AMONG OTHER THINGS, MAY INCLUDE AN ENDOWMENT FOR MEDICAL RESEARCH, THE ESTABLISHMENT OF MEDICAL AND PARAMEDICAL SCHOLARSHIPS AND THE FUNDING OF PROGRAMS, FACILITIES OR EQUIPMENT TO ENHANCE THE DELIVERY OF HEALTH SERVICES TO THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MAKES DISTRIBUTIONS TO BAKERSFIELD MEMORIAL HOSPITAL TO ASSIST IN THE COST OF ACQUIRING NEW EQUIPMENT AND IN SUPPORT OF HEALTH CARE SERVICE PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Hay
Chair
$0
Victoria Trichellesq
1st Vice-Chair
$0
Tracy Kiser
Immediate Past Chair
$0
Julie Irvin
Treasurer
$0
Javier Bustamante MD
Secretary
$0
Ken Keller
Ex-Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$307,656
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,983,495
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,291,151
Total Program Service Revenue$0
Investment income $319,916
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $95,114
Net Income from Fundraising Events $89,186
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,795,367

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