Mills-Peninsula Hospital Foundation
- Assets
- $71.0m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 23-7288765
Organization Overview
Mills-Peninsula Hospital Foundation is located in Sacramento, CA. The organization was established in 1973. 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. Mills-Peninsula Hospital 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, Mills-Peninsula Hospital Foundation generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.5m during the year ending 12/2021. While expenses have increased by 4.9% 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.
Since 2014, Mills-Peninsula Hospital Foundation has awarded 11 individual grants totaling $20,957,275. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert Mintz PHD Trustee/treasurer | OfficerTrustee | 2 | $0 |
Joanne Goldstein Trustee/secretary | OfficerTrustee | 2 | $0 |
Judy Swanson Trustee/vice-Chair | OfficerTrustee | 2 | $0 |
Peter Gielniak Trustee/president Mphf | OfficerTrustee | 2 | $0 |
Patti Rueff Trustee/chair | OfficerTrustee | 2 | $0 |
Anthony Pacheco CFO Hosptial - Mpmc/smsc | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C I Partners Direct Llc Direct Mail | 12/30/14 | $137,314 |
Mos Enterprises Inc Speaker Fees | 12/30/14 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,791 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,566,396 |
| Noncash contributions included in lines 1a–1f | $652,865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,581,187 |
| Total Program Service Revenue | $2,495,722 |
| Investment income | $1,062,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,166,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,318,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,853,454 |
| Grants and other assistance to domestic individuals. | $11,000 |
| 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 | $974,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $584,153 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,144 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $201 |
| 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 | $0 |
| Insurance | $48,679 |
| All other expenses | $24,192 |
| Total functional expenses | $10,496,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,529,977 |
| Pledges and grants receivable | $4,969,548 |
| 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 | $90,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $55,248,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,112,932 |
| Total assets | $70,950,767 |
| Accounts payable and accrued expenses | $2,308,784 |
| 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 | $1,672,877 |
| Total liabilities | $3,981,661 |
| Net assets without donor restrictions | $21,095,368 |
| Net assets with donor restrictions | $45,873,738 |
| 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 | $70,950,767 |
Grants Awarded
Over the last fiscal year, Mills-Peninsula Hospital Foundation has awarded $4,795,584 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: PROGRAM AND CAPITAL IMPROV. | $4,554,606 |
Sacramento, CA PURPOSE: program support | $233,478 |
SAN FRANCISCO STATE UNIV CAREER CENTER PURPOSE: Program Support | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Mills-Peninsula Hospital Foundation has recieved totaling $598,155.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $171,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $100,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $97,755 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $97,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $90,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: CANCER PREVENTION AND TREATMENT | $25,000 |
Endowment Analysis
| Beg. Balance | $13,025,729 |
| Earnings | $1,207,164 |
| Net Contributions | $485,100 |
| Other Expense | $963,229 |
| Ending Balance | $13,754,764 |
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 |
Childrens Health Council Inc Palo Alto, CA | $96,571,005 | $43,949,984 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
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 |
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 |
Helix Electric Health And Welfare Insurance Trust San Diego, CA | $2,039,604 | $20,413,301 |
Providers Insurance Corporation Honolulu, HI | $85,184,970 | $19,689,138 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |