Catherine Washburn Medical Association
- Assets
- $4.4m
- Revenue
- $193.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lopez Island, WA
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 23-7216316
Organization Overview
Catherine Washburn Medical Association is located in Lopez Island, WA. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catherine Washburn Medical Association 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, Catherine Washburn Medical Association generated $193.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $164.7k during the year ending 12/2021. 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
SUPPORT AND MAINTENANCE OF LOCAL MEDICAL CLINIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE, EXPANSION, AND SUPPORT OF LOPEZ ISLAND MEDICAL CLINIC.
PAYMENT OF MEDICAL BILLS FOR INDIGENT LOPEZ ISLAND RESIDENTS.
UW/PT TRANSITION COSTS TO ASSURE MEDICAL SERVICES WERE CONTINUED AND CLINIC REMAINED OPEN ON THE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Leboutillier Treasurer | OfficerTrustee | 10 | $0 |
Barbara Nepom Secretary | OfficerTrustee | 6 | $0 |
Katherine Bryant Ingman Vice President | OfficerTrustee | 10 | $0 |
Diana Hancock President | OfficerTrustee | 10 | $0 |
Ann Palmer Director | Trustee | 6 | $0 |
Kirman Taylor Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,061 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,457 |
| Total Program Service Revenue | $0 |
| Investment income | $54,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,331 |
| Net Gain/Loss on Asset Sales | $24,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,173 |
| 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 | $3,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,642 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,544 |
| Office expenses | $791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,268 |
| Travel | $0 |
| 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 | $15,081 |
| Insurance | $10,153 |
| All other expenses | $0 |
| Total functional expenses | $164,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $133,207 |
| Investments—publicly traded securities | $4,195,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,837 |
| Total assets | $4,442,691 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,026,084 |
| Net assets with donor restrictions | $416,607 |
| 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 | $4,442,691 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catherine Washburn Medical Association has recieved totaling $25,505.
| Awarding Organization | Amount |
|---|---|
Dinicola Family Foundation Chicago, IL PURPOSE: GENERAL | $25,000 |
Bobo Foundation Seattle, WA PURPOSE: FURTHER CHARITABLE GOALS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $100,249 |
| Earnings | $3,112 |
| Admin Expense | $835 |
| Net Contributions | $2,270 |
| Other Expense | $820 |
| Ending Balance | $103,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Mckenzie River Gathering Foundation Portland, OR | $17,520,565 | $8,839,824 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |