The Memorial Foundation

Organization Overview

The Memorial Foundation is located in Yakima, WA. The organization was established in 1978. 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. Memorial 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, Memorial Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE AND TRANSFORM HEALTHCARE IN YAKIMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHILDREN'S VILLAGE - SUPPORTING SERVICES FOR CHILDREN WITH SPECIAL HEALTHCARE NEEDS.


SUPPORT NUMEROUS HEALTHCARE/HEALTHCARE RELATED PROGRAMS.


HOSPICE HOME HEALTH CARE - SUPPORTING HOSPICE/HOME HEALTH SERVICES INCLUDING END OF LIFE SERVICES TO PATIENTS AT HOME AND IN AN IN-PATIENT SETTING (INCLUDING PALLIATIVE CARE/TRANSITIONS).


NORTH STAR LODGE - SUPPORTING A FULL-SERVICE OUTPATIENT CANCER TREATMENT FACILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Erin Black
CEO
$186,198
Doug Ellison
Vice Chairman
$0
Bruce Heiser
Immediate Past Chairman
$0
B Jean Pryor
Secretary/treasurer
$0
Robert G Price
Board Chairman
$0
Tom Stokes
Executive Committee Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$121,038
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,389,830
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,510,868
Total Program Service Revenue$0
Investment income $542,289
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,000
Net Gain/Loss on Asset Sales $596,752
Net Income from Fundraising Events $122,774
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,774,683

Grants Awarded

Over the last fiscal year, The Memorial Foundation has awarded $2,391,950 in support to 2 organizations.

Grant RecipientAmount

VIRGINIA MASON MEMORIAL

Org PageRecipient Profile

Yakima, WA

PURPOSE: TO PROVIDE SUPPORT TO THE VIRGINA MASON MEMORIAL IN THEIR PURSUIT OF HEALTH IMPROVEMENT, EDUCATION, AND IMPROVING OUR COMMUNITY.

$2,361,950

YAKIMA VALLEY SKILLS CENTER FOUNDATION

Org PageRecipient Profile

Yakima, WA

PURPOSE: TO PROVIDE SUPPORT TO THE YAKIMA VALLEY TECHNICAL SKILLS CENTER

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that The Memorial Foundation has recieved totaling $1,133,688.

Awarding OrganizationAmount
Yakima Valley Memorial Hospital Association

Yakima, WA

PURPOSE: GENERAL SUPPORT

$656,324
Yakima Valley Community Foundation

Yakima, WA

PURPOSE: FBO COTTAGE IN THE MEADOW EXPANSION; 2021 STRATEGIC GRANT AWARD FBO CHILDREN'S VILLAGE; GENERAL SUPPORT-TO BE USED FOR COTTAGE IN THE MEADOW; GENERAL SUPPORT-TO BE USED FOR NORTHSTAR LODGE CANCER TREATMENT FACILITY IN YAKIMA, WA; GENERAL SUPPORT-TO BE USED FOR CHILDREN'S VILLAGE; COVID-19 CHILDREN'S VILLAGE; FAMILY BIRTHPLACE; CHAMP; ANNUAL RECURRING GRANT FOR CHAMPS CAMPAIGN

$240,400
Group Health Foumdaiton

Seattle, WA

PURPOSE: CORE SUPPORT FOR CHILDREN'S VILLAGE

$110,259
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$40,000
Royal Arch Masons Childrens Heart Foundation Inc

Marysville, WA

PURPOSE: ASSISTANCE FOR CHILDREN NEEDING HEART SURGERY

$36,250
Hyatt Foundation

Yakima, WA

PURPOSE: GENERAL SUPPORT

$23,700
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$707,255
Earnings$41,313
Admin Expense$1,813
Ending Balance$746,755

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