Franciscan Foundation Washington
- Assets
- $31.7m
- Revenue
- $3.8m
- Investments
- $28.9m
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 08/1981
- Data as of
- 06/2021
- EIN
- 91-1145592
Organization Overview
Franciscan Foundation Washington is located in Tacoma, WA. The organization was established in 1981. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Franciscan Foundation Washington 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, Franciscan Foundation Washington generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franciscan Foundation Washington has awarded 123 individual grants totaling $27,029,496. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRANCISCAN FOUNDATION SOLICITS, RECEIVES AND ADMINISTERS CHARITABLE GIFTS FOR FRANCISCAN HEALTH SYSTEM, IN KEEPING WITH FHS' MISSION OF BUILDING HEALTHIER COMMUNITIES.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Barnard Foundation President (partial Year) | OfficerTrustee | 50 | $0 |
Kathy Keele Chair | OfficerTrustee | 2 | $0 |
Loretta Schaff Osf Secretary | OfficerTrustee | 2 | $0 |
Angela Treleven Treasurer | OfficerTrustee | 2 | $0 |
Jeanne Jachim Vp/chief Philanthropy Officer | OfficerTrustee | 2 | $0 |
Caroline Leung Corporate Treasurer/acctg Director Fhs | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suddes Group For Impact Consulting | 6/29/17 | $237,836 |
Celebrity Talent International Event Entertainment | 6/29/17 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,193 |
| Related organizations | $347,329 |
| Government grants | $1,076,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,466 |
| Noncash contributions included in lines 1a–1f | $52,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,888,258 |
| Total Program Service Revenue | $0 |
| Investment income | $307,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,677,301 |
| Net Income from Fundraising Events | -$30,355 |
| Net Income from Gaming Activities | -$1,265 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,841,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,704,950 |
| Grants and other assistance to domestic individuals. | $69,500 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,339,284 |
| Advertising and promotion | $0 |
| Office expenses | $22,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,765 |
| Travel | $316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,251 |
| Insurance | $50 |
| All other expenses | $0 |
| Total functional expenses | $5,243,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,661 |
| Savings and temporary cash investments | $2,120,541 |
| Pledges and grants receivable | $635,469 |
| 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 | $5,208 |
| Investments—publicly traded securities | $35,415 |
| Investments—other securities | $28,867,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,675,220 |
| Accounts payable and accrued expenses | $1,111 |
| 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 | $1,292,579 |
| Total liabilities | $1,293,690 |
| Net assets without donor restrictions | $7,877,601 |
| Net assets with donor restrictions | $22,503,929 |
| 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 | $31,675,220 |
Grants Awarded
Over the last fiscal year, Franciscan Foundation Washington has awarded $3,518,868 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Silverdale, WA PURPOSE: PROGRAM SUPPORT | $1,718,244 |
Tacoma, WA PURPOSE: PROGRAM SUPPORT | $1,583,730 |
Tacoma, WA PURPOSE: PROGRAM SUPPORT | $143,375 |
Enumclaw, WA PURPOSE: PROGRAM SUPPORT | $73,519 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Franciscan Foundation Washington has recieved totaling $129,952.
| Awarding Organization | Amount |
|---|---|
Sellen Community Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Tra Medical Imaging Foundation Tacoma, WA PURPOSE: GENERAL PURPOSE PLEDGE | $50,000 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $18,305 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,370 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $277 |
Endowment Analysis
| Beg. Balance | $8,643,323 |
| Earnings | $662,442 |
| Net Contributions | $1,943,277 |
| Grants | -$286,800 |
| Ending Balance | $11,535,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Hospital For Respiratory And Complex Care Burien, WA | $0 | $5,757,627 |
Cross Road Health Ministries Inc Glennallen, AK | $4,539,452 | $8,013,942 |
Franciscan Foundation Washington Tacoma, WA | $31,675,220 | $3,841,785 |
Asante Foundation Medford, OR | $34,856,407 | $4,983,244 |
Kadlec Foundation Richland, WA | $39,538,406 | $4,010,417 |
Providence Williamette Falls Medical Foundation Oregon City, OR | $17,864,446 | $2,952,643 |
Good Samaritan Hospital Foundation Corvallis Corvallis, OR | $16,898,067 | $4,069,543 |
Ashland Community Hospital Foundation Ashland, OR | $12,070,384 | $1,779,028 |
Whidbey Island Hospital Foundation Coupeville, WA | $2,936,679 | $1,105,210 |
Health Center Volunteers Inc Vashon, WA | $239,394 | $1,002,228 |
Research And Business Development Center Inc Rexburg, ID | $335,795 | $984,265 |
Grace Clinic Kennewick, WA | $681,694 | $1,037,484 |