Grossmont Hospital Foundation
- Assets
- $39.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 9
- Location
- San Diego, CA
- Founding
- 10/1985
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Grossmont Hospital Foundation generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $9.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grossmont Hospital Foundation has awarded 14 individual grants totaling $35,113,974. 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Nominating Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 3 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director As Of 05/23/2023 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,537 |
| Membership dues | $0 |
| Fundraising events | $1,483,640 |
| Related organizations | $75,970 |
| Government grants | $1,051,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,496,765 |
| Noncash contributions included in lines 1a–1f | $201,852 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,109,412 |
| Total Program Service Revenue | $1,378,531 |
| Investment income | $746,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$133,682 |
| Net Income from Fundraising Events | $53,896 |
| Net Income from Gaming Activities | $32,953 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,197,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,451,258 |
| 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. | $211,176 |
| Compensation of current officers, directors, key employees. | $73,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $754,567 |
| Pension plan accruals and contributions | $31,655 |
| Other employee benefits | $101,682 |
| Payroll taxes | $66,595 |
| 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 | $154,014 |
| Fees for services: Other | $18,477 |
| Advertising and promotion | $439 |
| Office expenses | $103,827 |
| Information technology | $31,247 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,546 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,985,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,115,634 |
| Pledges and grants receivable | $3,267,182 |
| 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 | $13,418 |
| Net Land, buildings, and equipment | $536,000 |
| Investments—publicly traded securities | $27,339,503 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,624,926 |
| Total assets | $39,896,663 |
| Accounts payable and accrued expenses | $7,056 |
| Grants payable | $0 |
| Deferred revenue | $838,579 |
| 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 | $48,214 |
| Total liabilities | $893,849 |
| Net assets without donor restrictions | $13,617,965 |
| Net assets with donor restrictions | $25,384,849 |
| 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 | $39,896,663 |
Grants Awarded
Over the last fiscal year, Grossmont Hospital Foundation has awarded $7,456,286 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GROSSMONT HOSPITAL CORPORATION PURPOSE: PROGRAM SERVICE SUPPORT | $7,062,350 |
SHARP HEALTHCARE PURPOSE: PROGRAM SUPPORT | $393,936 |