Island Hospital Health Foundation
- Assets
- $5.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Anacortes, WA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 91-1030686
Organization Overview
Island Hospital Health Foundation is located in Anacortes, WA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Hospital 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 12/2021, Island Hospital Health Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 10.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT ISLAND HOSPITAL AND ITS COMMITMENT TO COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1962, ISLAND HOSPITAL HAS PROVIDED HIGH QUALITY, COMPASSIONATE AND PERSONALIZED HEALTH CARE TO OUR COMMUNITY. ISLAND HOSPITAL MAINTAINS A PROGRESSIVE STAND IN DELIVERING THE BEST HEALTH CARE EXPERIENCES FOR PATIENTS AND THEIR FAMILIES BY PLACING THEIR EMOTIONAL AND MEDICAL NEEDS FIRST AND FOREMOST. ISLAND HOSPITAL FOUNDATION SUPPORTS ISLAND HOSPITAL'S VITAL MISSION BY RAISING MUCH-NEEDED FUNDS FOR THE BENEFIT OF COMMUNITY HEALTH. FOUNDED IN 1978, THE FOUNDATION IS AN INDEPENDENT, NONPROFIT CORPORATION HEADED BY A 21-MEMBER VOLUNTEER BOARD OF DIRECTORS. THESE DEDICATED COMMUNITY AND BUSINESS LEADERS GENEROUSLY DONATE THEIR TIME, TALENTS, AND ENERGY TO DIRECT THE FOUNDATION'S POLICIES, PROVIDE FIDUCIARY OVERSIGHT, IMPLEMENT THE ANNUAL FUNDRAISING PLAN AND TO SECURE ITS FINANCIAL FUTURE THROUGH FUNDRAISING. THE ISLAND HOSPITAL FOUNDATION PROVIDES FUNDING FOR COMMITMENTS TO THE ISLAND HOSPITAL THAT INCLUDE THE HEALTH RESOURCE CENTER, FREE AND LOW COST COMMUNITY HEALTH SCREENINGS, DIRECT CLINIC SUPPORT, MENTAL HEALTH COUNSELING THROUGH THE MENTAL HEALTH INTERVENTION SCHOOL PROGRAM, TWO EMERGENCY DEPARTMENT PATIENT NAVIGATOR POSITIONS ADDRESSING PSYCHIATRY AND BEHAVIORAL HEALTH ISSUES AND ELDER CARE, THE CHAPLAIN PROGRAM, AND PATIENT PROGRAMS INCLUDED ONCOLOGY RELIEF AND ONCOLOGY LODGING ASSISTANCE. NEW TECHNOLOGY EQUIPMENT ALONG WITH OTHER NEEDS ARE ALSO PROVIDED FOR AS THEY ARISE THROUGH THE YEAR. ADDITIONALLY, ISLAND HOSPITAL FOUNDATION PROVIDES FUNDING FOR HOSPITAL RENOVATION AND EXPANSION COSTS NOT MET BY TAX REVENUE. THIS INCLUDES THE MEDICAL ARTS PAVILION HOUSING CANCER CARE, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND WOUND CARE. ISLAND HOSPITAL FOUNDATION COMMITTED TO FUND TWO PATIENT NAVIGATOR POSITIONS FOR THE EMERGENCY DEPARTMENT AT $140,000 PER YEAR FOR A COMMITMENT OF 5 YEARS. WE ALSO ESTABLISHED A COVID-19 EMERGENCY RELIEF FUND. WE ALSO FULFILLED THE $100,000 ANNUAL COMMITMENT FOR THE MERLE CANCER CARE CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Tangaro President | OfficerTrustee | 3 | $0 |
Laura Brown-Snider Vice President | OfficerTrustee | 3 | $0 |
Dr Paul Hammer Secretary | OfficerTrustee | 1 | $0 |
Connie Miller Treasurer | OfficerTrustee | 1 | $0 |
Shirley Vacanti Past-President | OfficerTrustee | 1 | $0 |
Janie Crane Foundation Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $483,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,069,865 |
| Noncash contributions included in lines 1a–1f | $169,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,924 |
| Total Program Service Revenue | $0 |
| Investment income | $120,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,289 |
| Net Income from Fundraising Events | -$25,593 |
| Net Income from Gaming Activities | $4,854 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,853,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $915,747 |
| Grants and other assistance to domestic individuals. | $19,904 |
| 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 | $58,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,000 |
| Fees for services: Investment Management | $22,799 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,072 |
| Office expenses | $99,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $968 |
| All other expenses | $12,091 |
| Total functional expenses | $1,181,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,559 |
| Savings and temporary cash investments | $1,469,615 |
| Pledges and grants receivable | $9,121 |
| 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 | $2,600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,569,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,869,911 |
| Accounts payable and accrued expenses | $117,997 |
| Grants payable | $397,063 |
| 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 | $515,060 |
| Net assets without donor restrictions | $4,058,756 |
| Net assets with donor restrictions | $1,296,095 |
| 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 | $5,869,911 |
Grants Awarded
Over the last fiscal year, Island Hospital Health Foundation has awarded $1,069,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Anacortes, WA PURPOSE: SUPPORT OF HEALTH PROGRAMS AT HOSPITAL | $969,365 |
ANACORTES SCHOOL DISTRICT PURPOSE: MENTAL HEALTH PROGRAMS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Island Hospital Health Foundation has recieved totaling $289,476.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $114,000 |
Jerrel And Janice Barto Family Foundation Wilmington, DE PURPOSE: FUNDS DIRECTED TO THE HEALTH AND WELLNESS CENTER | $50,000 |
Jerrel And Janice Barto Family Foundation Wilmington, DE PURPOSE: FOR THE PURCHASE OF COWS (COMPUTERS ON WHEELS) | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $38,750 |
Richard And Lois Worthington Foundation Anacortes, WA PURPOSE: MENTAL HEALTH - ANACORTES MIDDLE SCH | $30,000 |
Milton G Waldbaum Family Foundation Fort Calhoun, NE PURPOSE: GENERAL FUNDING | $4,000 |
Endowment Analysis
| Beg. Balance | $2,960,354 |
| Earnings | $685,429 |
| Admin Expense | $22,799 |
| Other Expense | $53,968 |
| Ending Balance | $3,569,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Independent Order Of Odd Fellows Walla Walla, WA | $17,889,942 | $20,108,315 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
The Housing Company Boise, ID | $54,365,926 | $13,345,868 |
Discovery Institute Seattle, WA | $11,437,135 | $11,706,535 |
Ecotrust Portland, OR | $39,375,202 | $8,893,922 |
Vista Hermosa Pasco, WA | $179,888,748 | $12,479,389 |
Antfarm Inc Sandy, OR | $2,638,005 | $9,881,000 |
Larry And Jeanette Epping Family Foundation Salem, OR | $179,042,811 | $13,717,983 |
Evergreen Freedom Foundation Olympia, WA | $4,610,393 | $9,922,946 |
Portland Community Reinvestment Initiatives Inc Portland, OR | $37,093,919 | $7,550,357 |