Overlake Hospital Association
- Assets
- $31.8m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 91-1274134
Organization Overview
Overlake Hospital Association is located in Bellevue, WA. The organization was established in 1985. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Overlake Hospital Association 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 Association generated $12.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 3.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF OVERLAKE HOSPITAL ASSOCIATION IS TO PROVIDE SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER, OVERLAKE HOSPITAL FOUNDATION AND OVERLAKE HOSPITAL AUXILIARIES THEREBY IMPROVING THE HEALTH CARE OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION RENTED 197,291 SQUARE FEET TO ITS EXEMPT AFFILIATES AND OTHER MEDICAL GROUPS AS OF JUNE 30, 2021 ALLOWING ADDITIONAL HOSPITAL SERVICES AND PHYSICIAN SERVICES TO BE PROVIDED CLOSE TO THE HOSPITAL.
THE OVERLAKE HOSPITAL ASSOCIATION PROVIDED $3,400,000. OF FINANCIAL SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER FOR MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Thompson Sect/treasurer | OfficerTrustee | 0.5 | $0 |
Robert Campbell Chairman | OfficerTrustee | 5 | $0 |
J Michael Marsh President & CEO | Officer | 4 | $0 |
Andrew Tokar Vp-Cfo | Officer | 5 | $0 |
Jorge Cerda Trustee | Trustee | 8 | $0 |
Ted Herb Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,256,771 |
| Investment income | $319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $164,382 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,421,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,400,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $178,850 |
| Fees for services: Legal | $12,329 |
| 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 | $1,304,655 |
| Advertising and promotion | $0 |
| Office expenses | $63,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,679,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,459,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,130,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,712,302 |
| Savings and temporary cash investments | $1,083,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,238,550 |
| 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 | $127,151 |
| Net Land, buildings, and equipment | $25,632,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,794,126 |
| Accounts payable and accrued expenses | $304,616 |
| 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 | $5,109,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,266 |
| Total liabilities | $5,451,282 |
| Net assets without donor restrictions | $26,342,844 |
| Net assets with donor restrictions | $0 |
| 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 | $31,794,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Overlake Hospital Association has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Guardians Of The Angeles Charitable Foundation Monterey Park, CA PURPOSE: COVID-19 SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Childrens Healthcare System Seattle, WA | $1,236,637,312 | $122,583,383 |
St Lukes Health Foundation Ltd Boise, ID | $50,176,105 | $12,367,207 |
Multicare Health Foundation Tacoma, WA | $69,482,903 | $11,201,582 |
Overlake Hospital Association Bellevue, WA | $31,794,126 | $12,421,472 |
Oregon Rural Health Initiative Portland, OR | $7,029,575 | $4,022,932 |
Bio Ventures For Global Health Seattle, WA | $5,318,274 | $3,211,056 |
North Lincoln Hospital Foundation Lincoln City, OR | $1,712,168 | $1,225,177 |
Salmon Creek Hospital Foundation Portland, OR | $4,339,648 | $1,370,769 |
Salem Health Foundation Salem, OR | $11,591,979 | $867,892 |
John L Locke Jr Charitable Trust Issaquah, WA | $23,717,150 | $1,880,836 |
Providence Hospice & Home Care Foundation Snohomish County Everett, WA | $3,527,301 | $1,415,799 |
The Health Care Foundation Longview, WA | $7,890,973 | $758,881 |