Harrison Medical Center Foundation
- Assets
- $6.9m
- Revenue
- $2.1m
- Investments
- $5.8m
- Employees
- 0
- Location
- Silverdale, WA
- Founding
- 06/1983
- Data as of
- 06/2020
- EIN
- 91-1197626
Organization Overview
Harrison Medical Center Foundation is located in Silverdale, WA. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Harrison Medical Center 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 06/2020, Harrison Medical Center Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PHILANTHROPIC RELATIONSHIPS THAT INSPIRE CHARITABLE GIVING TO SUPPORT EXCEPTIONAL MEDICAL CARE AT HARRISON MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beau Bakken President | OfficerTrustee | 2 | $0 |
Shauna Washburn Secretary | OfficerTrustee | 2 | $0 |
Sarah Chamberlin Director | Officer | 25 | $0 |
Kelly Nelson CPA Trustee | Trustee | 2 | $0 |
Jennifer Quimby MD Trustee | Trustee | 2 | $0 |
Steve Stirrett Past President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,336 |
| Related organizations | $745,424 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $998,917 |
| Noncash contributions included in lines 1a–1f | $65,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,761,677 |
| Total Program Service Revenue | $0 |
| Investment income | $111,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,486 |
| Net Income from Fundraising Events | $2,094 |
| Net Income from Gaming Activities | $1,643 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,082,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,179,175 |
| Grants and other assistance to domestic individuals. | $24,497 |
| 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 | $696,302 |
| Advertising and promotion | $8,702 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,028 |
| Travel | $5,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,357 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,938,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,822 |
| Savings and temporary cash investments | $707,144 |
| Pledges and grants receivable | $451,277 |
| 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 | $8,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,761,355 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,931,044 |
| Accounts payable and accrued expenses | $14,020 |
| 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 | $641,021 |
| Total liabilities | $655,041 |
| Net assets without donor restrictions | $1,280,624 |
| Net assets with donor restrictions | $4,995,379 |
| 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 | $6,931,044 |
Grants Awarded
Over the last fiscal year, Harrison Medical Center Foundation has awarded $2,529,077 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Silverdale, WA PURPOSE: GENERAL SUPPORT | $2,488,389 |
Bremerton, WA PURPOSE: Harrison Respite Care Program Support | $20,599 |
Bainbridge Island, WA PURPOSE: Touching Hearts, Saving Lives SUPPORT | $13,375 |
OLYMPIC COLLEGE PURPOSE: RME Nursing Scholarship Support | $6,714 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harrison Medical Center Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
John L Scott Foundation Bellevue, WA PURPOSE: SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,782,585 |
| Net Contributions | $845 |
| Grants | $5,000 |
| Ending Balance | $1,778,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Seattle Childrens Hospital Guild Association Seattle, WA | $199,221 | $14,058,030 |
Montana Retail Employees Health And Welfare Trust Spokane, WA | $13,835,872 | $12,488,989 |
I B E W Health-Welfare Trust Of Southwest Washington Labor Center Spokane, WA | $27,788,424 | $13,148,275 |
Graduate Teaching Fellows Fed Local 3544 Health & Welfare Agreement Eugene, OR | $956,358 | $10,612,842 |
Idaho Plumbers & Pipefitters Health & Welfare Agmt & Declaration Of Tr Portland, OR | $25,943,906 | $10,731,049 |