Overlake Hospital Foundation

Organization Overview

Overlake Hospital Foundation is located in Bellevue, WA. The organization was established in 1979. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Overlake Hospital Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake 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 06/2021, Overlake Hospital Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $14.8m during the year ending 06/2021. While expenses have increased by 20.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF OVERLAKE HOSPITAL FOUNDATION IS TO ADVANCE AND IMPROVE MEDICAL AND HEALTH CARE EXCELLENCE BY PROVIDING FUNDRAISING AND OTHER SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER FOR NEW FACILITIES, MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVERLAKE HOSPITAL FOUNDATION RAISED $11,079,395 IN CONTRIBUTIONS AND PLEDGES FROM DONORS. THE FOUNDATION PROVIDED $12,957,251 OF FINANCIAL SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER FOR NEW FACILITIES, MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS. THE DIFFERENCE BETWEEN CONTRIBUTION REVENUE AND THE SUPPORT PROVIDED TO OVERLAKE HOSPITAL IS DUE TO THE TIMING OF PLEDGE PAYMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Beth Stearns
Chief Development Officer
$306,228
Stephanie Stewart
Development Director
$177,463
Pauline Bach
Chair
$0
Benjamin Liu
Secretary
$0
Julie Sun
Treasurer
$0
Jeff Wilcox
Immediate Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$740,443
Related organizations$2,146,858
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,340,279
Noncash contributions included in lines 1a–1f $3,426,935
Total Revenue from Contributions, Gifts, Grants & Similar$13,227,580
Total Program Service Revenue$0
Investment income $509,441
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,357
Net Income from Fundraising Events -$90,102
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,671,276

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Overlake Hospital Foundation has recieved totaling $2,000.

Awarding OrganizationAmount
Temcov Foundation

Anacortes, WA

PURPOSE: GENERAL SUPPORT

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,741,651
Earnings$3,492,449
Net Contributions$160,083
Other Expense$502,600
Ending Balance$16,891,583

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