Montage Health

Organization Overview

Montage Health is located in Monterey, CA. The organization was established in 1982. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Montage Health 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 12/2020, Montage Health generated $24.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $50.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Montage Health has awarded 22 individual grants totaling $94,657,002. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT SERVICES TO THE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA AND ITS AFFILIATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAURINE CHURCH COBURN SCHOOL OF NURSING OFFERS AN ASSOCIATE'S DEGREE IN NURSING, LEADING TO RN CERTIFICATION.


PROPERTY MANAGEMENT OF OWNED AND LEASED PROPERTIES WITHIN THE MONTAGE HEALTH SYSTEM AND WITH EXTERNAL TENANTS.


PHYSICIAN RECRUITMENT WHICH OFFERS LOAN FORGIVENESS FOR NEWLY-RECRUITED PHYSICIANS WHO FULFILL THE TERMS OF THEIR RECRUITMENT AGREEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Guru Khalsa MD
Trustee
$85,203
Sharon Wesley MD
Trustee
$3,263
Stan Mckee
Vice Chair
$0
Bill Warner
Secretary
$0
Steven Packer MD
President/chief Executive Officer
$0
Kathleen Bang
Chair
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$285,172
Investment income $11,883,229
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $10,477,743
Net Gain/Loss on Asset Sales $2,288,591
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,934,735

Grants Awarded

Over the last fiscal year, Montage Health has awarded $20,935,969 in support to 5 organizations.

Grant RecipientAmount

MONTAGE MEDICAL GROUP

Org PageRecipient Profile

Monterey, CA

PURPOSE: GENERAL OPERATIONS

$16,030,000

COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

Org PageRecipient Profile

Monterey, CA

PURPOSE: GENERAL SUPPORT AND SUPPORT OF MEDICAL STAFF SERVICES

$3,640,186

MONTAGE HEALTH FOUNDATION

Org PageRecipient Profile

Monterey, CA

PURPOSE: GENERAL OPERATIONS

$658,000

Monterey, CA

PURPOSE: GENERAL OPERATIONS

$500,000

ASPIRE HEALTH PLAN

Org PageRecipient Profile

Monterey, CA

PURPOSE: GENERAL OPERATIONS

$107,783
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Montage Health has recieved totaling $1,101,290.

Awarding OrganizationAmount
Montage Health Foundation

Monterey, CA

PURPOSE: PRESCRIBE SAFE, YOUTH OUTREACH, DIGITAL HEALTH, PHYSICIAN ENGAGEMENT, SCHOOL OF NURSING

$675,290
Community Hospital Of The Monterey Peninsula

Monterey, CA

PURPOSE: MOBILE HEALTH CLINIC

$100,000
Community Hospital Of The Monterey Peninsula

Monterey, CA

PURPOSE: COUNTY-WIDE DIABETES PROGRAM

$100,000
Pebble Beach Company Foundation

Pebble Beach, CA

PURPOSE: General Support

$80,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Health

$75,000
Pebble Beach Company Foundation

Pebble Beach, CA

PURPOSE: General Support

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$153,724,038
Earnings$40,474,088
Net Contributions$194,850
Other Expense$4,560,974
Grants$239,800
Ending Balance$189,592,202

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