Sutter Bay Medical Foundation
- Assets
- $1.9b
- Revenue
- $3.1b
- Investments
- $0.0
- Employees
- 9,414
- Location
- Sacramento, CA
- Founding
- 06/1950
- Data as of
- 12/2021
- EIN
- 94-1156581
Organization Overview
Sutter Bay Medical Foundation is located in Sacramento, CA. The organization was established in 1950. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Sutter Bay Medical Foundation employed 9,414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sutter Bay Medical 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 12/2021, Sutter Bay Medical Foundation generated $3.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.1b during the year ending 12/2021. While expenses have increased by 8.1% per year over the past 7 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 2014, Sutter Bay Medical Foundation has awarded 375 individual grants totaling $17,410,792. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevieve R Buchanan Foundation Executive, Service | 40 | $429,768 | |
Deborah A Espinoza Physician Assistant | 40 | $408,753 | |
Lorin E Ferguson Physician Assistant | 40 | $355,386 | |
Erin Neal Ops Exec, Shba Med Foundation | 40 | $352,416 | |
Teresa R Sarlitto Ops Exec, Shba Med Foundation | 40 | $344,924 | |
James Conforti Sh SVP / Coo, Asst Sec Sbmf | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huron Consulting Group Inc Consulting Services | 12/30/21 | $14,465,971 |
Brilliant General Maintenance Maintenance Svs | 12/30/21 | $5,958,799 |
Chg Companies Inc Hlthcre Staffing Svs | 12/30/21 | $7,263,831 |
Healthcare Logistics Mgmt Inc Medical Courier Svs | 12/30/21 | $4,666,179 |
Agile Physical Therapy Inc Physical Therapy Svs | 12/30/21 | $11,430,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $43,293 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,589,216 |
| Government grants | $12,122,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,180,915 |
| Noncash contributions included in lines 1a–1f | $254,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,936,180 |
| Total Program Service Revenue | $3,031,644,108 |
| Investment income | $1,979,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $212,500 |
| Net Gain/Loss on Asset Sales | $4,227,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,071,017,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,161,770 |
| Grants and other assistance to domestic individuals. | $132,865 |
| 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 | $563,308,872 |
| Pension plan accruals and contributions | $46,577,904 |
| Other employee benefits | $253,330,752 |
| Payroll taxes | $49,257,675 |
| Fees for services: Management | $4,075,234 |
| Fees for services: Legal | $898,773 |
| Fees for services: Accounting | $120,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $878,268 |
| Fees for services: Other | $1,182,346,100 |
| Advertising and promotion | $130,814 |
| Office expenses | $22,056,230 |
| Information technology | $68,124,821 |
| Royalties | $0 |
| Occupancy | $90,317,342 |
| Travel | $606,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $398,713 |
| Interest | $13,964,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,791,453 |
| Insurance | $6,197,277 |
| All other expenses | $32,562,342 |
| Total functional expenses | $3,077,801,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $261,278,600 |
| Pledges and grants receivable | $13,363,162 |
| Accounts receivable, net | $178,825,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,148,594 |
| Prepaid expenses and deferred charges | $2,100,826 |
| Net Land, buildings, and equipment | $1,126,747,347 |
| Investments—publicly traded securities | $80,768,837 |
| Investments—other securities | $0 |
| Investments—program-related | $20,699,553 |
| Intangible assets | $17,250,884 |
| Other assets | $161,415,130 |
| Total assets | $1,865,598,400 |
| Accounts payable and accrued expenses | $326,645,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $116,843,353 |
| 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 | $247,244,537 |
| Total liabilities | $690,733,092 |
| Net assets without donor restrictions | $1,073,557,036 |
| Net assets with donor restrictions | $101,308,272 |
| 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 | $1,865,598,400 |
Grants Awarded
Over the last fiscal year, Sutter Bay Medical Foundation has awarded $2,123,205 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: PROGRAM SUPPORT | $1,368,149 |
Sacramento, CA PURPOSE: PROGRAM SUPPORT | $540,056 |
Mountain View, CA PURPOSE: PROGRAM SUPPORT | $12,500 |
Santa Cruz, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Santa Cruz, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Palo Alto, CA PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Sutter Bay Medical Foundation has recieved totaling $4,316,441.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $1,530,670 |
California Pacific Medical Center Foundation Sacramento, CA PURPOSE: PROGRAM SUPPORT | $1,115,660 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $449,500 |
Sutter Bay Hospitals Sacramento, CA PURPOSE: PROGRAM SUPPORT | $448,869 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $160,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $132,000 |
Endowment Analysis
| Beg. Balance | $28,786,087 |
| Earnings | $2,447,881 |
| Net Contributions | $1,375,516 |
| Other Expense | $207,584 |
| Ending Balance | $32,401,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
J David Gladstone Institutes San Francisco, CA | $318,407,379 | $84,274,665 |
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Torrance, CA | $198,389,340 | $88,849,610 |
Veterans Medical Research Foundation Of Sd San Diego, CA | $7,321,086 | $16,367,755 |
Huntington Medical Research Institutes Pasadena, CA | $82,259,720 | $16,674,865 |
International Anesthesia Research Society San Francisco, CA | $39,176,119 | $7,595,072 |
California Heart Center Foundation Beverly Hills, CA | $198,494 | $2,474,527 |
House Institute Foundation Los Angeles, CA | $6,887,696 | $1,568,325 |
Fanconi Anemia Research Fund Inc Eugene, OR | $8,601,390 | $4,056,234 |
The Gpcr Institute San Marcos, CA | $1,290,580 | $0 |
Musculoskeletal-Orthopedic Research And Education Foundation Phoenix, AZ | $591,829 | $1,272,150 |
Terasaki Innovation Center Inc Glendale, CA | $6,320,184 | $1,253,217 |