Providence Health Care Foundation Eastern Washington
- Assets
- $50.2m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 32-0014330
Organization Overview
Providence Health Care Foundation Eastern Washington, operating under the name Providence Inland Nw Foundation, is located in Spokane, WA. The organization was established in 2003. 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. Providence Inland Nw 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, Providence Inland Nw Foundation generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 0.8% 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, Providence Inland Nw Foundation has awarded 50 individual grants totaling $40,595,610. 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 |
|---|---|---|---|
Peg Currie Chief Exec Sacred Heart Medical Ctr | OfficerTrustee | 1 | $0 |
Shelby Stokoe Treasurer/hospital CFO | OfficerTrustee | 1 | $0 |
Deanna Hildenbrand Vice President | OfficerTrustee | 1 | $0 |
Kemper Rojas Secretary | OfficerTrustee | 1 | $0 |
Steve Duvoisin President | OfficerTrustee | 1 | $0 |
Colleen Fox Chief Philanthropy Officer | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Winston & Letwin Consulting Llc Consulting | 12/30/16 | $110,000 |
Environment West Landscape Services Landscaping | 12/30/16 | $188,351 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,554 |
| Related organizations | $1,768,645 |
| Government grants | $205,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,796,396 |
| Noncash contributions included in lines 1a–1f | $5,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,931,022 |
| Total Program Service Revenue | $0 |
| Investment income | $1,181,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $691,919 |
| Net Income from Fundraising Events | -$55,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,749,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,925,917 |
| Grants and other assistance to domestic individuals. | $452,126 |
| 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 | $1,086,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,196 |
| Payroll taxes | $86,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $136,694 |
| Fees for services: Investment Management | $106,744 |
| Fees for services: Other | $103,285 |
| Advertising and promotion | $28,247 |
| Office expenses | $40,206 |
| Information technology | $1,235 |
| Royalties | $0 |
| Occupancy | $253,341 |
| Travel | $7,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$5,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $432 |
| Total functional expenses | $6,352,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,869,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $518,154 |
| 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 | $31,263,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,579,837 |
| Total assets | $50,231,239 |
| Accounts payable and accrued expenses | $20,171 |
| 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 | $16,481,127 |
| Total liabilities | $16,501,298 |
| Net assets without donor restrictions | $21,026,372 |
| Net assets with donor restrictions | $12,703,569 |
| 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 | $50,231,239 |
Grants Awarded
Over the last fiscal year, Providence Health Care Foundation Eastern Washington has awarded $3,924,951 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Renton, WA PURPOSE: OPERATING AND CAPITAL EXPENDITURES | $3,775,449 |
Spokane, WA PURPOSE: PEDIATRIC RESIDENCY TRAINING PROGRAM | $60,000 |
Spokane, WA PURPOSE: HELP FUND EMPLOYEE ASSISTANCE | $50,000 |
Burien, WA PURPOSE: DAY CARE SCHOLARSHIPS | $39,502 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Providence Health Care Foundation Eastern Washington has recieved totaling $6,155.
| Awarding Organization | Amount |
|---|---|
Credit Unions In The State Of Washington Spokane, WA PURPOSE: TO PROVIDE QUALITY CARE FOR FOR CHILDREN IN THE INLAND NORTHWEST | $6,155 |
Endowment Analysis
| Beg. Balance | $12,769,912 |
| Earnings | $1,842,025 |
| Net Contributions | $16,644 |
| Other Expense | $43,876 |
| Grants | $64,475 |
| Ending Balance | $14,520,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hilltop Regional Health Center Tacoma, WA | $0 | $26,653,011 |
Covenant Physician Partners Inc Renton, WA | $20,551,600 | $16,901,042 |
Eba-Pge-Ibew Local Union 125 Health & Welfare Trust Tukwila, WA | $8,917,739 | $18,022,514 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Overlake Hospital Foundation Bellevue, WA | $26,396,715 | $13,671,276 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
Alaska Carpenters Health & Welfare Trust Fund Seattle, WA | $29,936,146 | $14,215,183 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |
Graduate Teaching Fellows Fed Local 3544 Health & Welfare Agreement Eugene, OR | $956,358 | $10,612,842 |
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr Portland, OR | $25,943,906 | $10,731,049 |