Sun Health Foundation
- Assets
- $41.5m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Sun City West, AZ
- Founding
- 07/1971
- Data as of
- 06/2020
- EIN
- 23-7107959
Organization Overview
Sun Health Foundation is located in Sun City West, AZ. The organization was established in 1971. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Sun Health Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Health 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 06/2020, Sun Health Foundation generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $15.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sun Health Foundation has awarded 23 individual grants totaling $41,606,625. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUN HEALTH IS A PHILANTHROPIC PARTNER OF TWO MEDICAL CENTERS, A RESEARCH INSTITUTE AND THREE SENIOR LIVING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PARTNERSHIP WITH GENEROUS DONORS, SUN HEALTH FOUNDATION PROVIDED $5,633,949 IN PHILANTHROPIC SUPPORT TO BANNER BOSWELL MEDICAL CENTER (A NATIONALLY RECOGNIZED 410-BED ACUTE CARE HOSPITAL), BANNER DEL E WEBB MEDICAL CENTER (A 304-BED NATIONALLY RECOGNIZED ACUTE CARE HOSPITAL), BANNER SUN HEALTH RESEARCH INSTITUTE WITH RESEARCH FOCUS ON DISEASES OF THE AGING, AND OTHER COMMUNITY HEALTH INITIATIVES INCLUDING NURSING EDUCATION, BANNER OLIVE BRANCH SENIOR CENTER, LA LOMA CARE CENTER, GRANDVIEW TERRACE CARE CENTER, GRANDVIEW TERRACE MEMORY SUPPORT SUITES, THE CENTER FOR HEALTH AND WELLBEING, CARE TRANSITIONS PROGRAM AND COMMUNITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald J Symic Secretary | OfficerTrustee | 0.5 | $0 |
David Monheit Treasurer | OfficerTrustee | 2 | $0 |
Joseph E La Rue President & CEO | OfficerTrustee | 2 | $0 |
Todd Hornback Chairman | OfficerTrustee | 0.5 | $0 |
Roger Gimby Vice Chair | OfficerTrustee | 0.5 | $0 |
Sharon Grambow CFO | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rox Media Llc Marketing | 6/29/21 | $189,980 |
Brand Agency Llc Marketing | 6/29/21 | $130,826 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,122,147 |
| Investment income | $764,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $465,638 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,339,372 |
| 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. | $255,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,288,166 |
| Pension plan accruals and contributions | $81,109 |
| Other employee benefits | $95,979 |
| Payroll taxes | $114,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,321 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,647 |
| Advertising and promotion | $0 |
| Office expenses | $8,452 |
| Information technology | $26,263 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,207 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,228,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,944 |
| Savings and temporary cash investments | $7,117,576 |
| Pledges and grants receivable | $371,414 |
| Accounts receivable, net | $4,674,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,680,669 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,944 |
| Investments—publicly traded securities | $24,806,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,827 |
| Total assets | $41,548,364 |
| Accounts payable and accrued expenses | $297,320 |
| Grants payable | $9,027,701 |
| 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 | $4,285,317 |
| Total liabilities | $13,610,338 |
| 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 | $27,938,026 |
Grants Awarded
Over the last fiscal year, Sun Health Foundation has awarded $5,339,008 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Sun City West, AZ PURPOSE: HOSPITAL EXPANSION, COMMUNITY SERVICES | $4,911,316 |
LA LOMA SENIOR SERVICES PURPOSE: SUPPORT | $166,965 |
SUN HEALTH GRANDVIEW TERRACE PURPOSE: SUPPORT | $116,542 |
Sun City West, AZ PURPOSE: COMMUNITY SERVICES | $108,855 |
Sun City West, AZ PURPOSE: SUPPORT | $26,383 |
Sun City West, AZ PURPOSE: SUPPORT | $8,947 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sun Health Foundation has recieved totaling $68,533.
| Awarding Organization | Amount |
|---|---|
Banner Health Phoenix, AZ PURPOSE: GENERAL SUPPORT | $35,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $15,884 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $10,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
| Beg. Balance | $13,874,288 |
| Earnings | $3,705,000 |
| Other Expense | $374,288 |
| Ending Balance | $17,205,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ibew Local Union No 347 Health & Welfare Fund Salt Lake City, UT | $63,675,578 | $34,998,053 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Providence Health & Services Foundation Burbank, CA | $162,436,419 | $70,514,754 |
Phoenix Childrens Hospital Foundation Phoenix, AZ | $169,654,269 | $46,955,986 |
Santa Barbara Cottage Hospital Foundation Santa Barbara, CA | $242,184,554 | $25,746,926 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Collis P & Howard Huntington Memorial Hospital Trust Pasadena, CA | $514,343,312 | $111,327,591 |
Childrens Hospital & Research Center Foundation Oakland, CA | $371,253,333 | $25,107,510 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |