Multicare South King Health Foundation
- Assets
- $0.0
- Revenue
- $512.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Tacoma, WA
- Founding
- 12/2014
- Data as of
- 09/2019
- EIN
- 46-5636491
Organization Overview
Multicare South King Health Foundation is located in Tacoma, WA. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Multicare South King Health 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 09/2019, Multicare South King Health Foundation generated $512.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $409.4k during the year ending 09/2019. While expenses have increased by 7.3% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING FOR HEALING AND A HEALTHY FUTURE THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTICARE SOUTH KING HEALTH FOUNDATION SUPPORTS THE FACILITIES, PROGRAMS AND OPERATIONS OF MULTICARE HEALTH SYSTEM, A RELATED HEALTHCARE TAX-EXEMPT ENTITY, IN THE PRIMARY AREA OF SOUTH KING COUNTY, WA. IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION GRANTED $28,536 TO HELPING HANDS, A PROGRAM AT MULTICARE HEALTH SYSTEM. THESE FUNDS ARE USED BY SOCIAL WORKERS IN DIRECT SUPPORT OF PATIENTS AND FAMILIES WHO NEED A LITTLE EXTRA HELP. HELPING HANDS PAYS FOR ITEMS THE PATIENT URGENTLY NEEDS BUT CANNOT AFFORD SUCH AS PRESCRIPTIONS, MEDICAL EQUIPMENT OR TRANSPORTATION HOME.
IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION PROVIDED SUPPORT FOR SLEEP SACKS FOR SOUTH KING COUNTY IN THE AMOUNT OF $12,000. MULTICARE'S HOSPITALS RECENTLY BEGAN BUNDLING BABIES IN THE SLEEP SACKS SWADDLE, AND GIVE ONE TO EVERY NEWBORN TO TAKE HOME AS PART OF THE HOSPITAL'S EFFORTS TO KEEP BABIES SAFE DURING SLEEP. THE WEARABLE SLEEP SACKS ARE USED IN PLACE OF LOOSE BLANKETS THAT COULD BE A RISK FOR NEWBORNS.
IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION PROVIDED FUNDING IN THE AMOUNT OF $200 FOR THE POPULAR CHRISTMAS RUSH FUN RUN AND WALK, AN ANNUAL KENT (KING COUNTY WA) TRADITION FOR 30 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Davis Member | OfficerTrustee | 2 | $0 |
Calvin Wallace MD Treasurer, Physician | OfficerTrustee | 2 | $0 |
Amy Forbis Vice Chair | OfficerTrustee | 2 | $0 |
James Tanasse Chair | OfficerTrustee | 2 | $0 |
Dorene Young VP Foundations | Officer | 20 | $0 |
James Mcmanus CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $346,693 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,693 |
| Total Program Service Revenue | $0 |
| Investment income | $55,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,736 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,316 |
| Payroll taxes | $4,877 |
| 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 | $0 |
| Fees for services: Other | $6,625 |
| Advertising and promotion | $0 |
| Office expenses | $22 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35 |
| Travel | $2,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,938 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,090 |
| All other expenses | $0 |
| Total functional expenses | $409,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Multicare South King Health Foundation has recieved totaling $356,693.
| Awarding Organization | Amount |
|---|---|
Multicare Health System Tacoma, WA PURPOSE: ASSISTANCE FOR OPERATING EXPENSES | $346,693 |
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: EQUIPMENT/SUPPLIES | $5,000 |
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: EQUIPMENT/SUPPLIES | $5,000 |
Endowment Analysis
| Beg. Balance | $1,140,932 |
| Net Contributions | $65,712 |
| Other Expense | $1,206,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Employees Health And Welfare Trust Seattle, WA | $47,657,399 | $43,804,686 |
Greater Fairbanks Community Hospital Foundation Inc Fairbanks, AK | $517,877,782 | $49,411,110 |
Sheet Metal Workers 16 Health And Welfare Fund Portland, OR | $48,597,003 | $31,256,825 |
Inlandboatmens Union Of The Pacific National Health & Welfare Trust Seattle, WA | $51,210,144 | $31,711,005 |
Machinists Health And Welfare Trust Fund Seattle, WA | $52,643,086 | $28,345,807 |
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 |