Asante Foundation
- Assets
- $34.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, OR
- Founding
- 01/1974
- Data as of
- 09/2020
- EIN
- 93-6087366
Organization Overview
Asante Foundation is located in Medford, OR. The organization was established in 1974. 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. Asante 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 09/2020, Asante Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.5m during the year ending 09/2020. While expenses have increased by 7.1% 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.
Since 2015, Asante Foundation has awarded 14 individual grants totaling $11,576,039. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ASANTE, A 501(C)(3) HEALTHCARE SYSTEM WHICH SERVES THE HEALTHCARE NEEDS OF THE CITIZENS OF SOUTHERN OREGON AND NORTHERN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE TAX YEAR, THE ASANTE FOUNDATION'S LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS RAISING OVER $16 MILLION IN DONATIONS TO BENEFIT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS THROUGHOUT ASANTE HEALTHCARE SYSTEM.OF THE CAPITAL PROJECTS OVER $4.5 MILLION WAS DONATED FOR THE EXPANSION OF THE PAVILION, AND OVER $8.3 MILLION WAS DONATED TO SUPPORT THE CONSTRUCTION OF A NEW CANCER CENTER.THE ASANTE FOUNDATION ALSO HELPS SUPPORT NUMEROUS CLINICAL DEPARTMENTS AT ROGUE REGIONAL MEDICAL CENTER (RRMC), A 378 LICENSED BED HOSPITAL LOCATED IN MEDFORD, OREGON. THIS INCLUDES DONATIONS OF $733,000 TO THE BEHAVIORAL HEALTH PROGRAMS. ROUGHLY $67,000 WAS DONATED TO SUPPORT THE FRANCIS CHENEY FAMILY PLACE WHICH OFFERS PATIENTS THAT HAVE TO TRAVEL LONG DISTANCES LOW OR NO COST HOUSING WHILE RECEIVING TREATMENT(S). OTHER DONATIONS HELP SUPPORT THE WOMEN'S IMAGING CENTER, THE EMERGENCY DEPARTMENT, THE MENTAL HEALTH DEPARTMENT, FAMILY HOUSE, NURSE EDUCATION, THE DUBS CANCER CENTER AND MANY MORE.
THE ASANTE FOUNDATION'S SECOND LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS RAISING $1,307,925 IN DONATIONS TO HELP SUPPORT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS AT THREE RIVERS MEDICAL CENTER (TRMC), A 125 LICENSED BED HOSPITAL LOCATED IN GRANTS PASS, OREGON.OF THE CAPITAL PROJECTS, $95,000 WAS DONATED FOR THE EXPANSION OF THE EMERGENCY DEPARTMENT, AND OVER $457,000 FOR A NEW CANCER CENTER.IN ADDITION TO CAPITAL PROJECTS, GENEROUS DONATIONS OF NEARLY $17,00 WERE MADE FOR FREE MAMMOGRAMS AND BREAST CANCER EDUCATION FOR UNINSURED WOMEN IN THE AREA. OTHER DEPARTMENTS THAT BENEFITED FROM FOUNDATION DONATIONS INCLUDE THE IMAGING DEPARTMENT, DIABETES EDUCATION, FAMILY BIRTH AND MANY MORE.
THE ASANTE FOUNDATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS RAISING $698,195 IN DONATIONS TO HELP SUPPORT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS AT ASHLAND COMMUNITY HOSPITAL, ASANTE PHYSICIAN PARTNERS AND THE NURSING EXCELLENCE INITIATIVE.DURING THE TAX YEAR THE FOUNDATION CONTRIBUTED OVER $233,000 FOR RENOVATION PROJECTS AT THE HOSPITAL. THEY ALSO CONTRIBUTED $62,750 TO THE SCHOOL NURSE PROGRAM IN ASHLAND. IN ADDITION ALMOST $150,000 WAS RAISED TO SUPPORT COVID-19 NEEDS FOR THE SYSTEM. THE ASANTE FOUNDATION'S ON-GOING MISSION IS TO CONTINUALLY ASSESS THE NEEDS OF THE HOSPITALS IT SUPPORTS, AS WELL AS THE COMMUNITY WE SERVE. OVER THE YEARS, THE FOUNDATION HAS CONTRIBUTED MILLIONS OF DOLLARS TO HELP ENHANCE IMPORTANT CLINICAL DEPARTMENTS OF THE HOSPITALS AND HELP PURCHASE NEEDED MEDICAL EQUIPMENT. IT HAS ALSO MADE SIGNIFICANT CONTRIBUTIONS TO MAJOR BUILDING PROJECTS AT ROGUE REGIONAL MEDICAL CENTER AND THREE RIVERS MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Gambee Trustee & Secretary | OfficerTrustee | 2 | $0 |
Travis Hamlyn Vice Chair & Chair | OfficerTrustee | 2 | $0 |
Scott Kelly Trustee & Asante CEO | OfficerTrustee | 1 | $0 |
Bob Mayers Chair (left During Fiscal Year) | OfficerTrustee | 2 | $0 |
Susan Binette Secretary & Vice Chair | OfficerTrustee | 2 | $0 |
Royal Standley Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,948,548 |
| Investment income | $952,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,300 |
| Net Income from Fundraising Events | $35,196 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,983,244 |
| Statement of Expenses | |
|---|---|
| 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. | $197,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,410 |
| Pension plan accruals and contributions | $49,716 |
| Other employee benefits | $263,616 |
| Payroll taxes | $78,842 |
| 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 | $79,786 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,086 |
| Travel | $26,292 |
| 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 | $105,368 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,535,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $186,844 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,256 |
| Investments—publicly traded securities | $31,682,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,856,407 |
| Accounts payable and accrued expenses | $45,014 |
| 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 | $2,410,383 |
| Total liabilities | $2,455,397 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $32,401,010 |
Grants Awarded
Over the last fiscal year, Asante Foundation has awarded $3,275,583 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Medford, OR PURPOSE: SUPPORT HOSPITAL DEPARTMENTS | $3,247,736 |
Medford, OR PURPOSE: SUPPORT PALLIATIVE CARE DEPARTMENT | $27,847 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asante Foundation has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Joe And Frances Naumes Family Foundation Inc Medford, OR PURPOSE: SUPPORT FOR COMMUNITY HEALTH | $22,500 |
Endowment Analysis
| Beg. Balance | $26,942,473 |
| Earnings | $402,584 |
| Net Contributions | $286,934 |
| Grants | $162,088 |
| Ending Balance | $27,469,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Healthcare Foundation San Diego, CA | $131,027,036 | $23,927,952 |
South Lyon Health Center Inc Yerington, NV | $12,479,449 | $17,444,997 |
Santa Teresita Inc Duarte, CA | $33,884,030 | $11,712,554 |
San Fernando Community Hospital San Fernando, CA | $15,167,403 | $13,045,007 |
Mercy Foundation Rancho Cordova, CA | $58,980,931 | $11,466,050 |
Feather River Hospital Roseville, CA | $102,819,341 | $4,238,478 |
Regional Hospital For Respiratory And Complex Care Burien, WA | $0 | $5,757,627 |
Surprise Valley Health Care District Cedarville, CA | $5,751,575 | $9,137,773 |
Sihanouk Hosiptal Corporation San Diego, CA | $2,845,780 | $8,524,601 |
Westcare Illinois Inc Las Vegas, NV | $4,249,058 | $8,201,821 |
Queen Of Angels-Hollywood Presbyterian Foundation Los Angeles, CA | $0 | $16,719 |
Palomar Health Foundation Escondido, CA | $6,734,134 | $6,219,370 |