Sequoia Hospital Foundation
- Assets
- $24.7m
- Revenue
- $5.0m
- Investments
- $1.5m
- Employees
- 0
- Location
- Redwood City Ca, CA
- Founding
- 09/1983
- Data as of
- 06/2022
- EIN
- 94-2909990
Organization Overview
Sequoia Hospital Foundation is located in Redwood City Ca, CA. The organization was established in 1983. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Sequoia Hospital 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 06/2022, Sequoia Hospital Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND CULTIVATE OTHER RESOURCES TO SUPPORT SEQUOIA HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ONGOING CAMPAIGNS, ANNUAL APPEALS, SPECIAL EVENTS AND GENEROUS UNSOLICITED CONTRIBUTIONS, SEQUOIA HOSPITAL FOUNDATION (THE FOUNDATION) IS ABLE TO SUPPORT PATIENT CARE, PROGRAMS AND FACILITIES AT SEQUOIA HOSPITAL (THE HOSPITAL). IN CLOSE ALIGNMENT WITH THE HOSPITAL'S STRATEGIC PLAN, THE FOUNDATION RAISES FUNDS AND MAKES GRANTS TO MEET IDENTIFIED HOSPITAL NEEDS. IN ADDITION, THE FOUNDATION IS ACTIVELY RAISING FUNDS TO SUPPORT THE SERVICE LINES AT SEQUOIA HOSPITAL, INCLUDING THE HEART & VASCULAR INSTITUTE, BIRTH CENTER, AND KENNETT NURSING SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Svihus President | Officer | 40 | $305,631 |
Alex Wright Manager Innovation And Communication - Until 11/2021 | 40 | $154,328 | |
Erin Callaghan Philanthropy Operation Manager | 40 | $132,619 | |
Taylor R Liberator Manager, Annual And Special Giving | 40 | $132,482 | |
Staci Calzada Manager, Philanthropy | 40 | $102,866 | |
Beverly Joyce MD Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,684 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,994,754 |
| Noncash contributions included in lines 1a–1f | $392,740 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,276,438 |
| Total Program Service Revenue | $0 |
| Investment income | $318,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,468,338 |
| Net Income from Fundraising Events | -$19,793 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,009,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,719,793 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,911 |
| Fees for services: Other | $93,704 |
| Advertising and promotion | $20,684 |
| Office expenses | $78,802 |
| Information technology | $718 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $559 |
| 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 | $0 |
| Insurance | $6,269 |
| All other expenses | $0 |
| Total functional expenses | $4,026,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,240 |
| Pledges and grants receivable | $5,037,405 |
| 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 | $0 |
| Investments—publicly traded securities | $17,477,542 |
| Investments—other securities | $1,529,034 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,246 |
| Total assets | $24,695,467 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,707,854 |
| Net assets with donor restrictions | $13,987,613 |
| 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 | $24,695,467 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Sequoia Hospital Foundation has recieved totaling $2,136,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $2,002,250 |
Carl Gellert And Celia Berta Gellert Foundation Daly City, CA PURPOSE: SEQUOIA HOSPITAL FOUNDATION - IMAGING FOR TOMORROW: THE CAMPAIGN FOR A NEW CT SCANNER | $100,000 |
Peter Uccelli Foundation Redwood City, CA PURPOSE: CONTRIBUTION | $11,250 |
The Lipman Family Foundation Inc New York, NY PURPOSE: TO DEVELOP AND SECURE FUNDING FOR THE BENEFIT OF SEQUOIA HOSPITAL | $5,000 |
Lebherz Family Foundation San Mateo, CA PURPOSE: TO SUPPORT PATIENT CARE AND PROGRAMS | $5,000 |
Christensen Charitable Foundation Inc Lincoln, NE PURPOSE: COMMUNITY SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $13,621,756 |
| Earnings | -$1,612,424 |
| Net Contributions | $142,034 |
| Other Expense | $497,299 |
| Ending Balance | $11,654,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sequoia Hospital Foundation Redwood City Ca, CA | $24,695,467 | $5,009,692 |
Keiro Services Los Angeles, CA | $85,934,408 | $1,046,146 |
Creighton University Arizona Health Education Alliance Phoenix, AZ | $1,380,752 | $3,660,850 |
California Medical Association Properties Inc Sacramento, CA | $31,213,733 | $2,769,085 |
Covenant Health Network Phoenix, AZ | $1,059,787 | $3,272,102 |
Community Pathways Portland, OR | $2,518,524 | $2,996,605 |
Reproductive Health Investors Alliance Inc San Francisco, CA | $3,893,579 | $451,000 |
Los Angeles County Usc Medical Center Auxiliary Los Angeles, CA | $1,854,785 | $2,822,197 |
Center For Quality Systems Improvement Roseville, CA | $1,341,904 | $1,785,342 |
Private Essential Access Community Hospitals Inc Sacramento, CA | $531,216 | $1,410,595 |
Compass Cooperative Health Plan Inc Scottsdale, AZ | $3,820,448 | $10,074 |
Community Health Initiative Of Orange County Santa Ana, CA | $896,910 | $1,163,525 |