Grossmont Hospital Foundation
- Assets
- $44.8m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 9
- Location
- San Diego, CA
- Founding
- 10/1985
- Data as of
- 09/2021
- EIN
- 33-0124488
Organization Overview
Grossmont Hospital Foundation is located in San Diego, CA. The organization was established in 1985. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Grossmont Hospital Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grossmont 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 09/2021, Grossmont Hospital Foundation generated $10.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.3m during the year ending 09/2021. While expenses have increased by 1.9% per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT AND ASSISTANCE TO GROSSMONT HOSPITAL CORPORATION. SEE SCHEDULE O FOR COMMUNITY BENEFITS REPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Mgr Development Ghf | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,327 |
| Membership dues | $0 |
| Fundraising events | $951,649 |
| Related organizations | $55,500 |
| Government grants | $242,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,247,929 |
| Noncash contributions included in lines 1a–1f | $408,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,499,405 |
| Total Program Service Revenue | $1,254,961 |
| Investment income | $317,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,073,121 |
| Net Income from Fundraising Events | $12,067 |
| Net Income from Gaming Activities | $9,752 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,169,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,937,615 |
| 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. | $188,959 |
| Compensation of current officers, directors, key employees. | $60,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $684,905 |
| Pension plan accruals and contributions | $55,022 |
| Other employee benefits | $106,044 |
| Payroll taxes | $62,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,719 |
| Fees for services: Other | $11,539 |
| Advertising and promotion | $0 |
| Office expenses | $71,199 |
| Information technology | $36,533 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,279,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,768,304 |
| Pledges and grants receivable | $4,429,277 |
| 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 | $18,895 |
| Net Land, buildings, and equipment | $536,000 |
| Investments—publicly traded securities | $26,412,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,592,436 |
| Total assets | $44,757,613 |
| Accounts payable and accrued expenses | $176,878 |
| Grants payable | $0 |
| Deferred revenue | $742,708 |
| 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 | $49,008 |
| Total liabilities | $968,594 |
| Net assets without donor restrictions | $16,463,257 |
| Net assets with donor restrictions | $27,325,762 |
| 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 | $44,757,613 |
Grants Awarded
Over the last fiscal year, Grossmont Hospital Foundation has awarded $4,948,485 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: PROGRAM SERVICE SUPPORT | $3,811,680 |
San Diego, CA | | $1,136,805 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grossmont Hospital Foundation has recieved totaling $259,433.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL PURPOSE | | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,158 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $175 |
Sempra Energy Foundation San Diego, CA PURPOSE: HEALTH & HUMAN SERVICES | $100 |
Endowment Analysis
| Beg. Balance | $6,960,496 |
| Earnings | $1,792,448 |
| Net Contributions | $1,000 |
| Other Expense | $227,019 |
| Ending Balance | $8,526,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Sharp Healthcare Foundation San Diego, CA | $131,027,036 | $23,927,952 |
Molokai General Hospital Kaunakakai Molokai, HI | $24,900,485 | $18,403,265 |
South Lyon Health Center Inc Yerington, NV | $12,479,449 | $17,444,997 |
Santa Teresita Inc Duarte, CA | $33,884,030 | $11,712,554 |
San Fernando Community Hospital San Fernando, CA | $15,167,403 | $13,045,007 |
Soulistic Medical Institute Tubac, AZ | $5,065,904 | $11,589,434 |
Mercy Foundation Rancho Cordova, CA | $58,980,931 | $11,466,050 |
Feather River Hospital Roseville, CA | $102,819,341 | $4,238,478 |
Surprise Valley Health Care District Cedarville, CA | $5,751,575 | $9,137,773 |
Sihanouk Hosiptal Corporation San Diego, CA | $2,845,780 | $8,524,601 |
Westcare Illinois Inc Las Vegas, NV | $4,249,058 | $8,201,821 |