Glendale Adventist Medical Center Foundation
- Assets
- $9.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 95-3899682
Organization Overview
Glendale Adventist Medical Center Foundation is located in Glendale, CA. The organization was established in 1985. 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. Glendale Adventist Medical Center 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, Glendale Adventist Medical Center Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVENTIST HEALTH GLENDALE FOUNDATION WAS ESTABLISHED TO SOLICIT AND MANAGE CONTRIBUTIONS FOR ADVENTIST HEALTH GLENDALE. EXPENDITURE OF DONOR FUNDS ARE MADE PRIMARILY TO, OR ON BEHALF OF ADVENTIST HEALTH GLENDALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVENTIST HEALTH GLENDALE FOUNDATION PROVIDES A FUNDRAISING FUNCTION TO SUPPORT THE MISSION OF ADVENTIST HEALTH GLENDALE AND PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND HEALTH IN OUR COMMUNITY. THE FUNDS ARE TRANSFERRED TO THE HOSPITAL BASED ON THE GRANTORS AND DONORS INTENT. A SIGNIFICANT PORTION OF MANAGEMENT AND GENERAL EXPENSES ARE PAID FOR BY ADVENTIST HEALTH GLENDALE AND ACCOUNTED FOR AS A DEPARTMENT OF THE HOSPITAL IN ITS SUPPORT OF THE FOUNDATION. THE FOLLOWING STORY ILLUSTRATES HOW ADVENTIST HEALTH GLENDALE IS ABLE TO PROVIDE QUALITY CARE FOR OUR COMMUNITY AND WHY OUR FOUNDATION HAS SUCH A PASSION FOR RAISING FUNDS TO CONTINUE IMPROVING THE CARE WE CAN PROVIDE:THIRTY-SEVEN-YEAR-OLD REV. MICHAEL LEHMAN, SENIOR ASSOCIATE MINISTER AT THE FIRST CONGREGATIONAL CHURCH OF LOS ANGELES, WAS ROCK CLIMBING WHEN HE FELL AND TWISTED HIS NECK.WHEN HE ARRIVED AT ADVENTIST HEALTH GLENDALES EMERGENCY DEPARTMENT, WE DETERMINED THAT MICHAEL SUFFERED SHEAR INJURIES TO BOTH VERTEBRAL ARTERIES THAT SUPPLY BLOOD TO THE BACK OF THE BRAIN, THE BRAIN STEM, WHICH IS CONSIDERED THE DOWNTOWN OF THE BRAIN, SAID DR. MIKAYEL GRIGORYAN, INTERVENTIONAL NEUROLOGIST AT ADVENTIST HEALTH GLENDALE. BASICALLY, THE ARTERIES WERE TORN AND BLOCKED AND WERE NOT PUMPING BLOOD TO THE BRAIN STEM ADEQUATELY. THE SITUATION WAS CRITICAL AS MICHAELS SYMPTOMS CONTINUED TO WORSEN. DR. GRIGORYAN WAS ABLE TO REBUILD AND PLACE THREE STENTS IN MICHAELS LEFT VERTEBRAL ARTERY, A COMPLEX PROCEDURE THAT ULTIMATELY SAVED HIM FROM PROFOUND DISABILITY. TODAY, MICHAEL IS DOING GREAT AND HAS RESUMED HIS NORMAL ACTIVITIES. DR. GRIGORYANS DECISIVE ACTIONS SAVED MY LIFE, MICHAEL SAID. HIS EXPERTISE AND SKILL ARE INCREDIBLE.ADDITIONALLY, BOTH MICHAEL AND DR. GRIGORYAN CREDIT THE AMAZING ADVENTIST HEALTH GLENDALE TEAM THAT DIAGNOSED, TREATED AND CARED FOR MICHAEL DURING HIS STAY AT THE MEDICAL CENTER. THE EMERGENCY DEPARTMENT STAFF, NURSING, IMAGING TECHS, CATH LAB TEAMS, CHAPLAINCY, TRANSPORT AND REHAB TEAMS ALL DESERVE SHOUTOUTS FOR THE WONDERFUL CARE THEY PROVIDED FOR HIM.PLEASE RECEIVE MY SINCEREST GRATITUDE FOR THE TREMENDOUS WORK YOU DO, THE CULTURE OF HOLISTIC CARE YOU'VE NURTURED THERE, AND THE WONDERFUL PEOPLE YOU ARE, MICHAEL SAID. YOU ARE ALL THE LIGHT OF THE WORLD. THANK YOU FOR SHINING SO BRIGHTLY.COMPASSIONATE, HIGH-QUALITY PATIENT CARE; LIFE-SAVING AND LIFE-PRESERVING MEDICAL AND SURGICAL SERVICES; ADVANCED TREATMENTS IN A COMMUNITY-BASED HOSPITAL; ESSENTIAL EMERGENCY SERVICES-THESE ARE THE REASONS OUR DONORS CHOOSE ADVENTIST HEALTH GLENDALE AS THEIR CHARITY OF CHOICE. FOR MORE INFORMATION ON THE WORK THAT WE DO, VISIT US AT WWW.ADVENTISTHEALTH.ORG/GLENDALE/PAGES/OUR-FOUNDATION.ASPX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laborde Elizabeth Pres Eff 6/21 | OfficerTrustee | 50 | $0 |
Allen Chris Treas Thru 5/21 | OfficerTrustee | 4 | $0 |
DE Pietro Robert Chairman | OfficerTrustee | 1 | $0 |
Parikh Ellor Secretary | OfficerTrustee | 1 | $0 |
Bonner Robert Treas Eff 10/21 | OfficerTrustee | 4 | $0 |
Bourdon Irene Pres Thru 4/21 | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $331,181 |
| Related organizations | $0 |
| Government grants | $441,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,879,666 |
| Noncash contributions included in lines 1a–1f | $626,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,652,550 |
| Total Program Service Revenue | $0 |
| Investment income | $45,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $387,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,085,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,845,359 |
| Grants and other assistance to domestic individuals. | $28,740 |
| 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 | $61,321 |
| Pension plan accruals and contributions | $2,857 |
| Other employee benefits | $4,906 |
| Payroll taxes | $2,915 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $442,211 |
| Advertising and promotion | $43,776 |
| Office expenses | $91,631 |
| Information technology | $445 |
| Royalties | $0 |
| Occupancy | $46,443 |
| Travel | $5,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,641,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,854,647 |
| Pledges and grants receivable | $458,469 |
| 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 | $49,502 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,693,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,265 |
| Total assets | $9,122,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $142,851 |
| 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 | $236,695 |
| Total liabilities | $379,546 |
| Net assets without donor restrictions | $2,682,384 |
| Net assets with donor restrictions | $6,060,833 |
| 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 | $9,122,763 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glendale Adventist Medical Center Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Loma Linda University Shared Services Loma Linda, CA PURPOSE: SPONSORSHIP-2020 GALA - GOLD | $5,000 |
Endowment Analysis
| Beg. Balance | $6,191,434 |
| Earnings | $542,957 |
| Net Contributions | $2,961,889 |
| Other Expense | $1,670,884 |
| Ending Balance | $8,025,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Sharp Healthcare Foundation San Diego, CA | $131,027,036 | $23,927,952 |
Molokai General Hospital Kaunakakai Molokai, HI | $24,900,485 | $18,403,265 |
South Lyon Health Center Inc Yerington, NV | $12,479,449 | $17,444,997 |
Santa Teresita Inc Duarte, CA | $33,884,030 | $11,712,554 |
San Fernando Community Hospital San Fernando, CA | $15,167,403 | $13,045,007 |
Soulistic Medical Institute Tubac, AZ | $5,065,904 | $11,589,434 |
Mercy Foundation Rancho Cordova, CA | $58,980,931 | $11,466,050 |
Feather River Hospital Roseville, CA | $102,819,341 | $4,238,478 |
Surprise Valley Health Care District Cedarville, CA | $5,751,575 | $9,137,773 |
Sihanouk Hosiptal Corporation San Diego, CA | $2,845,780 | $8,524,601 |
Westcare Illinois Inc Las Vegas, NV | $4,249,058 | $8,201,821 |