Hilo Medical Center Foundation
- Assets
- $1.3m
- Revenue
- $947.1k
- Investments
- $330.4k
- Employees
- 5
- Location
- Hilo, HI
- Founding
- 01/1996
- Data as of
- 06/2021
- EIN
- 99-0323155
Organization Overview
Hilo Medical Center Foundation is located in Hilo, HI. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Hilo Medical Center Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilo 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, Hilo Medical Center Foundation generated $947.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $624.4k during the year ending 06/2021. While expenses have increased by 9.7% 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 HILO MEDICAL CENTER FOUNDATION (HMCF) IS AN INDEPENDENT NON-PROFIT ORGANIZATION WHOSE MISSION IS TO SUPPORT THE HILO MEDICAL CENTER WITH PROJECTS THAT BENEFIT THE GREATER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE AREA HEALTH EDUCATION CENTER (AHEC) FOR HAWAII ISLAND WE CONDUCT THE PRE-HEALTH CAREER CORPS PROGRAM (PHCC) WHICH IS DESIGNED TO SUPPORT RURAL HEALTH ROTATIONS (MEDICAL SCHOOL THROUGH GRADUATE MEDICAL EDUCATION PROGRAMS) AND RECRUIT LOCAL STUDENTS INTO HEALTH CAREERS THROUGH HANDS-ON WORKSHOPS, CAREER PRESENTATIONS, WORK SITE TOURS, JOB SHADOWING AND INTERNSHIP OPPORTUNITIES. PHCC PROGRAM PARTICIPANTS: 2,389. RURAL ROTATION SUPPORT/HOUSING FOR 80 STUDENTS FOR A TOTAL OF 3,998 NIGHTS.
BE A LIFESAVER: BE A LIFESAVER HAWAII IS AN AWARENESS CAMPAIGN SURROUNDING CARDIAC ARREST. THE PROGRAM OFFERS FREE CHEST COMPRESSION AND AUTOMATED EXTERNAL DEFIBRILLATOR (AED) TRAINING ORGANIZATIONS ACROSS THE ISLAND. 3 AUTOMATIC CHEST COMPRESSION DEVICES WERE DONATED TO THE HAWAII COUNTY FIRE DEPARTMENT AND PLACED ON THE COUNTY'S TRAUMA HELICOPTER AND 2 AMBULANCES.
EAST HAWAII HEALTH CANCER CENTER: HILO MEDICAL CENTER FOUNDATION SUPPORTED THE EAST HAWAII HEALTH CANCER CENTER EXPANSION THROUGH A CAMPAIGN TO RAISE MONIES FOR THE MOSAIC MURAL AND HEALING GARDEN THAT CAN BE VIEWED FROM THE TREATMENT AREA. PATIENTS ARE ABLE TO SIT ON BENCHES IN THE GARDEN WHILE ENJOYING FRESH AIR AND SUNSHINE DURING TREATMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Dolan MD Trustee | Trustee | 1 | $0 |
Garry Maeda Trustee | Trustee | 0 | $0 |
Julie Tulang Trustee | Trustee | 1 | $0 |
Jon Patterson Trustee | Trustee | 0 | $0 |
Jerry Chang Trustee | Trustee | 0.5 | $0 |
Dr James Lambeth MD Trustee | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,234 |
| Investment income | $6,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $947,085 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $202,353 |
| Pension plan accruals and contributions | $3,105 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $995 |
| Office expenses | $20,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,357 |
| Insurance | $31,809 |
| All other expenses | $0 |
| Total functional expenses | $624,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,912 |
| Savings and temporary cash investments | $413,859 |
| Pledges and grants receivable | $289,627 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $330,407 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,000 |
| Total assets | $1,337,216 |
| Accounts payable and accrued expenses | $8,070 |
| 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 | $23,644 |
| Total liabilities | $31,714 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,305,502 |