California Hospital Medical Center Foundation
- Assets
- $27.4m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1985
- Data as of
- 06/2021
- EIN
- 95-4000909
Organization Overview
California Hospital Medical Center Foundation is located in Los Angeles, CA. The organization was established in 1985. 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. California Hospital 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 06/2021, California Hospital Medical Center Foundation generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.6m during the year ending 06/2021. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, MANAGE AND DISTRIBUTE FUNDS IN SUPPORT OF THE MISSION AND VALUES OF DIGNITY COMMUNITY CARE DBA: CALIFORNIA HOSPITAL MEDICAL CENTER (CHMC).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED THE HOSPITAL BY FUNDING EDUCATIONAL PROGRAMS, COMMUNITY SERVICES AND FACILITIES RENOVATION, PURCHASING MEDICAL AND OTHER TECHNOLOGY EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey R Germain Chairman | OfficerTrustee | 3 | $0 |
Susan Shum Board Member/ Interim Foundation President | OfficerTrustee | 50 | $0 |
Patricia Lott Vice Chairman | OfficerTrustee | 3 | $0 |
Robert John Noonan Jr Secretary | OfficerTrustee | 3 | $0 |
Rebecca Cheng Cfo/treasurer | Officer | 10 | $0 |
Alina Moran Mpa Fab Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $343,330 |
| Related organizations | $2,066,398 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,350,464 |
| Noncash contributions included in lines 1a–1f | $334,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,762,192 |
| Total Program Service Revenue | $0 |
| Investment income | $426,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,118,940 |
| Net Income from Fundraising Events | -$17,439 |
| Net Income from Gaming Activities | $7,812 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,299,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,549,868 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4 |
| Fees for services: Fundraising | $420,000 |
| Fees for services: Investment Management | $86,317 |
| Fees for services: Other | $1,509,315 |
| Advertising and promotion | $7,375 |
| Office expenses | $50,665 |
| Information technology | $1,523 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,649,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,848,792 |
| Pledges and grants receivable | $9,330,332 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,238,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,017,444 |
| Total assets | $27,435,439 |
| Accounts payable and accrued expenses | $3,830 |
| 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 | $472,154 |
| Total liabilities | $475,984 |
| Net assets without donor restrictions | $3,901,495 |
| Net assets with donor restrictions | $23,057,960 |
| 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 | $27,435,439 |
Grants Awarded
Over the last fiscal year, California Hospital Medical Center Foundation has awarded $5,197,024 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: Hospital Support | $3,647,890 |
San Francisco, CA PURPOSE: Hospital Support | $1,549,134 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that California Hospital Medical Center Foundation has recieved totaling $1,135,578.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $351,467 |
Rafael And Sharyl Mendez Family Foundation Redondo Beach, CA PURPOSE: PATIENT CARE SERVICES, EQUIPMENT AND BUILDING PROJECTS | $250,000 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: OVER TWO YEARS TO SUPPORT THE CONSTRUCTION OF A PATIENT CARE FACILITY | $125,000 |
Carl And Roberta Deutsch Foundation Santa Monica, CA PURPOSE: HEALTH | $110,000 |
Walter J & Holly O Thomson Charitable Foundation Dallas, TX PURPOSE: LOS ANGELES CENTER FOR | $50,000 |
Robert & Joan Blackman Family Foundation Malibu, CA PURPOSE: FINANCIAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $9,856,161 |
| Earnings | $3,542,378 |
| Other Expense | $2,700,000 |
| Ending Balance | $10,698,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |