Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $677,726

• 1d · Related organizations

  $10,000

• 1f · All other contributions, gifts and grants

  $3,326,383

• 3 · Investment income

  total $3,885,609 · excluded $3,885,609

• 7a · Gross sales of assets other than inventory

  securities $73,429,326

• 7b · Less cost or other basis and sales expenses

  securities $56,287,113

• 7c · Gain or loss

  securities $17,142,213

• 7d · Net gain or loss

  total $17,142,213 · excluded $17,142,213

• 8a · Fundraising events: gross income

  $136,930

• 8a · Fundraising events: contributions included on line 1c

  $677,726

• 8b · Fundraising events: direct expenses

  $359,249

• 8c · Net income from fundraising events

  total -$222,319 · excluded -$222,319

• 9a · Gaming: gross income

  $3,800

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $3,800 · excluded $3,800

• 11a · Other revenue: K-1 PASSTHROUGH

  total $3,632,369 · excluded $3,632,369

• 11e · Other revenue, total

  $3,632,369

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,000,000 · program services $9,000,000

• 5 · Compensation of officers, directors and key employees

  total $1,055,365 · management and general $419,520 · fundraising $635,845

• 7 · Other salaries and wages

  total $831,819 · management and general $49,130 · fundraising $782,689

• 8 · Pension plan contributions

  total $54,183 · management and general $11,852 · fundraising $42,331

• 9 · Other employee benefits

  total $284,649 · management and general $14,431 · fundraising $270,218

• 10 · Payroll taxes

  total $114,647 · management and general $17,056 · fundraising $97,591

• 11b · Fees: legal

  total $24,877 · management and general $24,877

• 11c · Fees: accounting

  total $89,139 · management and general $89,079 · fundraising $60

• 11f · Fees: investment management

  total $196,831 · management and general $196,831

• 11g · Fees: other

  total $31,405 · fundraising $31,405

• 13 · Office expenses

  total $60,378 · management and general $24,861 · fundraising $35,517

• 14 · Information technology

  total $61,472 · management and general $20,856 · fundraising $40,616

• 16 · Occupancy

  total $2,707 · management and general $2,707

• 17 · Travel

  total $17,684 · fundraising $17,684

• 19 · Conferences, conventions and meetings

  total $78,692 · management and general $47,929 · fundraising $30,763

• 23 · Insurance

  total $7,465 · management and general $6,357 · fundraising $1,108

• 24a · Other expenses: RECOGNITION EVENTS

  total $21,086 · fundraising $21,086

• 24b · Other expenses: BUSINESS CULTIVATION

  total $9,583 · fundraising $9,583

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $9,208 · management and general $1,252 · fundraising $7,956

• 24d · Other expenses: BAD DEBT EXPENSE

  total $6,428 · fundraising $6,428

• 24e · All other expenses

  total $44,113 · management and general $41,785 · fundraising $2,328

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,488,615 · end of year $13,331,907

• 2 · Savings and temporary cash investments

  beginning of year $176,548 · end of year $95,090

• 3 · Pledges and grants receivable

  beginning of year $1,975,165 · end of year $2,881,373

• 10a · Land, buildings and equipment: cost or other basis

  $1,282,221

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,282,221

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $154,454,066 · end of year $158,814,601

• 15 · Other assets

  beginning of year $3,311,099 · end of year $3,603,078

• 25 · Other liabilities

  beginning of year $4,094,625 · end of year $4,167,617

• 27 · Net assets without donor restrictions

  beginning of year $75,668,185 · end of year $80,903,333

• 28 · Net assets with donor restrictions

  beginning of year $95,642,683 · end of year $93,655,099

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS DETERMINED BY MEMORIAL HEALTH SERVICES (MHS), THE TAX-EXEMPT PARENT OF SADDLEBACK MEMORIAL MEDICAL CENTER. SEE SCHEDULE O FOR FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY MHS TO DETERMINE COMPENSATION.

SCHEDULE J, PART I, LINE 4B

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE ORGANIZATION MAINTAINS A DEFINED CONTRIBUTION PLAN WHERE EACH YEAR'S CONTRIBUTION VESTS AFTER THREE YEARS. PARTICIPANTS WHO ATTAIN SPECIFIC AGE AND YEARS OF SERVICE REQUIREMENTS ARE FULLY VESTED IN THEIR PLAN BENEFIT AND EACH SUBSEQUENT CONTRIBUTION IS VESTED ON A QUARTERLY BASIS WHEN PAID. FOR THE 2023 CALENDAR YEAR, THE FOLLOWING INDIVIDUAL RECEIVED THE FOLLOWING VESTED CONTRIBUTIONS AND PAYMENTS, WHICH WERE INCLUDED ON THEIR 2023 W-2 AND WHICH ARE REPORTED AS "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN B(III). MARCIA MANKER: $149,719

SCHEDULE J, PART I, LINE 7

CERTAIN EXECUTIVES RECEIVE PART OF THEIR OVERALL COMPENSATION IN THE FORM OF AN ANNUAL INCENTIVE PAYMENT. SEVERAL FINANCIAL AND NON-FINANCIAL METRICS ARE UTILIZED IN THE FORMULA FOR THE INCENTIVE COMPENSATION, AND THESE METRICS AND THE FORMULA ARE REVIEWED AND APPROVED EACH YEAR IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE SOLE MEMBER OF EACH ORGANIZATION. PAYMENT OF ANY INCENTIVE COMPENSATION MUST BE APPROVED BY THE COMPENSATION COMMITTEE AFTER IT HAS REVIEWED THE METRICS TO DETERMINE WHETHER THEY HAVE BEEN MET, AND THE AMOUNT OF THE PAYMENTS (IF ANY), BASED ON THE APPROVED FORMULA.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MEMORIALCARE HOME HEALTH LLC

  HEALTHCARE · CA

• BEACH SURGICAL HOLDINGS LLC

  HEALTHCARE · CA

• MEMORIALCARE INNOVATION FUND LP

  HEALTHCARE · CA

• SUMMATION HEALTH VENTURES

  INVESTMENTS · CA

• MC FV MOB I LLC

  OWN, OPERATE, LEASE, MAINTAIN THE MEDICAL OFFICE BUILDING PROPERTY · CA

• RMV MOB I LLC

  OWN, OPERATE, LEASE, MAINTAIN THE MEDICAL OFFICE BUILDING PROPERTY · CA

• BRISTOL PARK INVESTMENT GROUP I LP

  OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA

• BRISTOL PARK INVESTMENT GROUP II LP

  OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA

• BRISTOL PARK INVESTMENT GROUP III LP

  OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA

• BRISTOL PARK INVESTMENT GROUP V LP

  OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER UNITRUST (7)

  T · SUPPORT · CA · controlled entity

  Directly controlled by SMF

• CHARITABLE REMAINDER ANNUITY TRUST (1)

  T · SUPPORT · CA · controlled entity

  Directly controlled by SMF

• NATIONAL HEALTHCARE SERVICES

  C · MEDICAL SERVICES · CA