Collis P & Howard Huntington Memorial Hospital Trust

Organization Overview

Collis P & Howard Huntington Memorial Hospital Trust is located in Pasadena, CA. The organization was established in 1937. 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. Collis P & Howard Huntington Memorial Hospital Trust 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, Collis P & Howard Huntington Memorial Hospital Trust generated $111.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 11.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ESTABLISHED IN 1932 UNDER THE TERMS OF THE WILL OF HENRY E. HUNTINGTON, THE TRUST'S FUND WAS ALLOCATED TO THE PROPERTY ACQUISITION, MAINTENANCE AND OPERATION OF PASADENA HOSP ASSN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLLIS P. AND HOWARD HUNTINGTON MEMORIAL TRUST (TRUST) IS A CHARITABLE TRUST REGISTERED WITH THE REGISTRY OF CHARITABLE TRUSTS, PURSUANT TO THE SUPERVISION OF TRUSTEES AND FUNDRAISERS FOR CHARITABLE PURPOSES ACT AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE TRUST WAS ESTABLISHED IN 1932 UNDER THE TERMS OF THE WILL OF MR. HENRY HUNTINGTON. THE BEQUEST WAS INVESTED AND LOANED BY THE TRUSTEES FOR THE PURPOSES OF MAKING THE BEST AVAILABLE PROFIT THEREON SO AS TO YIELD AN INCOME FOR THE PERPETUAL MAINTENANCE OF PASADENA HOSPITAL ASSOCIATION (PHA) DBA AS HUNTINGTON HOSPITAL. COLLIS P. AND HOWARD HUNTINGTON HOSPITAL TRUST (TRUST) CONTRIBUTED $5,300,000.00 TO PASADENA HOSPITAL ASSOCIATION ("DBA HUNTINGTON HOSPITAL") SOLELY TO FUND THE GENERAL MEDICAL EDUCATION PROGRAM AT HUNTINGTON HOSPITAL KNOWN AS "GME DISTRIBUTIONS". IN ADDITION, TRUST CONTRIBUTED $3,780,809.35 TO HUNTINGTON HOSPITAL FOR EMPLOYEE COSTS AND TRANSFERRED LAND AND OTHER PROPERTY TO HUNTINGTON HOSPITAL VALUED AT $111,500,000.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cbre Inc
Property Mgmt Svcs
$156,861
Benick Inc
General Contractor
$356,764
Image Property Services Llc
Janitorial Svcs
$416,832
Direct Flooring Source Inc Xprt Con
General Contractor
$209,045
Technical Air Corporation
Hvac Pms & Equipment
$172,855
View All Vendors

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$0
Investment income $4,759,522
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,730,339
Net Gain/Loss on Asset Sales $101,717,395
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $111,327,591

Grants Awarded

Over the last fiscal year, Collis P & Howard Huntington Memorial Hospital Trust has awarded $4,122,513 in support to 2 organizations.

Grant RecipientAmount

PASADENA HOSPITAL ASSOCIATION (PHA)

Org PageRecipient Profile

Pasadena, CA

PURPOSE: The purpose of providing grants to PHA is to support the Hospital's related medical expenses and fees. Expenses such as payroll for medical staffs in dispensary area, graduate and post graduate medical training fees, surgery residency and internal medicine.

$3,885,663

HUNTINGTON MEDICAL RESEARCH INST (HMRI)

Org PageRecipient Profile

Pasadena, CA

PURPOSE: The purpose of providing grants as rent service to HMRI is to support the medical research in immunotherapy, neutral stimulation, prostate, other cancers, cardiac and vascular physiology, stroke, and magnetic resonance spectroscopy.

$236,850
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Collis P & Howard Huntington Memorial Hospital Trust has recieved totaling $103,500.

Awarding OrganizationAmount
$103,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,503,000
Earnings$358,786
Other Expense$171,939
Ending Balance$2,689,847

Create an account to unlock the data you need.

or