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← REDLANDS HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by REDLANDS HEALTH FOUNDATION.

Totals

Total revenue
$29,552,535
Total expenses
$21,127,700
Contributions and grants received
$0
Grants paid
$20,000,000
Program service revenue
$0
Investment income
$29,552,535
Other revenue
$0
Total assets, end of year
$371,369,939
Total liabilities, end of year
$201,665
Net assets or fund balances, end of year
$371,168,274
Program services expenses (Part IX)
$20,000,000
Management and general expenses
$1,127,700
Fundraising expenses
$0
Program service expenses (Part III)
$20,000,000

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $10,028,743 · excluded $10,028,743

  • 7a · Gross sales of assets other than inventory

    securities $72,397,549

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

    securities $52,873,757

  • 7c · Gain or loss

    securities $19,523,792

  • 7d · Net gain or loss

    total $19,523,792 · excluded $19,523,792

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000,000 · program services $20,000,000

  • 11f · Fees: investment management

    total $1,127,700 · management and general $1,127,700

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $352,155,677 · end of year $371,369,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $306,834 · end of year $201,665

  • 27 · Net assets without donor restrictions

    beginning of year $351,848,843 · end of year $371,168,274

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

REDLANDS HEALTH FOUNDATION IS TO SUPPORT THE ACTIVITIES OF REDLANDS COMMUNITY HOSPITAL BY ADMINISTERING FUNDS ACCUMULATED IN ANTICIPATION OF FUTURE CAPITAL NEEDS FOR PROPERTY, PLANT AND EQUIPMENT OF THE HOSPITAL.

  • RHF HAS BEEN FORMED TO RECEIVE, INVEST AND DISBURSE FUNDS THAT HAVE BEEN ACCUMULATED FOR CAPITAL RELATED PURPOSES BY RCH, ITS RELATED ORGANIZATION.

    Expenses $20,000,000 · Grants $20,000,000

As filed on the 2024 return.

Listed in Part VII

  • James Holmes

    SECRETARY

    Total calculated
    $1,159,747
    From this org
    $0
    From related orgs
    $1,130,684
    Other
    $29,063
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $814,709 related
    Bonus
    $0 + $313,503 related
    Other
    $0 + $2,472 related
    Deferred
    $0 + $12,938 related
    Nontaxable benefits
    $0 + $16,125 related
    Filer's total
    $0 + $1,159,747 related

  • Neal Warner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Carol Snodgress

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Stan Weisser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • William Hatfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4
JAMES HOLMES RECEIVED A SEVERANCE AGREEMENT DURING THE YEAR WITH THE FOLLOWING TERMS: -$819,341 TO BE PAID AFTER 12/31/25 IN SALARY CONTINUATION. -$300,000 TO BE PAID IN LUMP SUM ON OR BEFORE 12/31/25. -HIS BENEFITS ENDED 12/31/25.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • REDLANDS HEALTH SERVICES

    C · PATIENT CARE SERVICES · CA

  • REDLANDS SURGICAL SERVICES

    C · PATIENT CARE SERVICES · CA

Provenance

Return type
form_990
Tax year
2024
Filed
28 July 2026
IRS schema version
2024v5.5
Source object
202632229349301563

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