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← WASHINGTON STATE MEDICAL ASSOCIATION FOUNDATION FOR HEALTH

Form 990 for tax year 2024

Filed by WASHINGTON STATE MEDICAL ASSOCIATION FOUNDATION FOR HEALTH.

Totals

Total revenue
$293,204
Total expenses
$263,739
Contributions and grants received
$194,848
Grants paid
$5,813
Program service revenue
$0
Investment income
$98,356
Other revenue
$0
Total assets, end of year
$2,024,521
Total liabilities, end of year
$405
Net assets or fund balances, end of year
$2,024,116
Program services expenses (Part IX)
$150,788
Management and general expenses
$21,050
Fundraising expenses
$91,901
Program service expenses (Part III)
$150,788

Program services were 57.2% 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.

  • 1f · All other contributions, gifts and grants

    $194,848

  • 3 · Investment income

    total $32,598 · excluded $32,598

  • 7a · Gross sales of assets other than inventory

    securities $2,877,536

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

    securities $2,811,778

  • 7c · Gain or loss

    securities $65,758

  • 7d · Net gain or loss

    total $65,758 · excluded $65,758

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,813 · program services $5,813

  • 11c · Fees: accounting

    total $13,300 · management and general $13,300

  • 11e · Fees: professional fundraising services

    total $91,901 · fundraising $91,901

  • 11f · Fees: investment management

    total $7,121 · management and general $7,121

  • 11g · Fees: other

    total $56,588 · program services $56,588

  • 12 · Advertising and promotion

    total $355 · program services $355

  • 13 · Office expenses

    total $2,136 · program services $1,507 · management and general $629

  • 19 · Conferences, conventions and meetings

    total $8,515 · program services $8,515

  • 24a · Other expenses: HONORARIUMS

    total $71,994 · program services $71,994

  • 24b · Other expenses: BOARD EXPENSES

    total $4,016 · program services $4,016

  • 24c · Other expenses: MEMBERSHIP DUES

    total $2,000 · program services $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,969 · end of year $92,575

  • 2 · Savings and temporary cash investments

    beginning of year $347,161 · end of year $214,787

  • 11 · Investments: publicly traded securities

    beginning of year $1,329,048 · end of year $1,717,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,957 · end of year $405

  • 27 · Net assets without donor restrictions

    beginning of year $796,562 · end of year $807,259

  • 28 · Net assets with donor restrictions

    beginning of year $996,659 · end of year $1,216,857

Mission and programs · 2024

Mission

THE WSMA FOUNDATION BELIEVES IN A FUTURE WHERE PHYSICIANS ARE HEALTHY AND FULFILLED; WHERE PHYSICIANS, THE HEALTH CARE TEAM, AND PATIENTS ARE PARTNERS; AND WHERE ALL WASHINGTONIANS EXPERIENCE QUALITY CARE THAT ALIGNS WITH THEIR NEEDS, GOALS, AND VALUES.

Activities or mission (Part I)

CREATE TRANSFORMATIONAL HEALTH CARE CHANGE AT ALL LEVELS: INDIVIDUAL, ORGANIZATIONAL, STATEWIDE.

  • THE WASHINGTON STATE MEDICAL FOUNDATION FOR HEALTH CARE IMPROVEMENT CREATES TRANSFORMATIONAL HEALTH CARE CHANGE AT ALL LEVELS INDIVIDUAL, ORGANIZATIONAL, AND STATEWIDE. WE BELIEVE IN A FUTURE WHERE PHYSICIANS ARE HEALTHY AND FULFILLED WHERE PHYSICIANS, THE HEALTH CARE TEAM, AND PATIENTS ARE PARTNERS AND WHERE ALL WASHINGTONIANS EXPERIENCE QUALITY CARE THAT ALIGNS WITH THEIR NEEDS, GOALS, AND VALUES.

    Expenses $139,156 · Grants $5,813

  • THE WASHINGTON SERIOUS ILLNESS CARE COALITION IS A BROAD-BASED CROSS-SECTION OF INDIVIDUALS AND ORGANIZATIONS ACROSS THE STATE INTERESTED IN IMPROVING CARE AT THE END OF LIFE. THE PROGRAM BEGAN IN 1997 TO PROMOTE CARING CONVERSATIONS ABOUT LIVING AND DYING WELL WITHIN ALL COMMUNITIES THROUGH THE ANNUAL MEETING AND SUPPORT FOR STATE POLST PARADIGM PROGRAM.

    Expenses $11,277

  • THE WSMA FOUNDATION CREATED THE WSMA FOUNDATION SCHOLARSHIP AND DIVERSITY ADVANCEMENT FUND, AN ENDOWMENT FUND CREATED TO BUILD A MORE DIVERSE PHYSICIAN POPULATION IN WASHINGTON STATE BY SUPPORTING MEDICAL STUDENTS WHO ARE UNDERREPRESENTED IN MEDICINE.

    Expenses $355

As filed on the 2024 return.

Listed in Part VII

  • Hanscom Jennifer

    CEO

    Total calculated
    $376,892
    From this org
    $0
    From related orgs
    $355,341
    Other
    $21,551
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,818 related
    Bonus
    $0 + $10,523 related
    Other
    $0 + $7,000 related
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $14,651 related
    Filer's total
    $0 + $376,892 related
  • Seppi Brian MD

    PRESIDENT THRU 11/24

    Total calculated
    $0
    Hours/week
    1
  • Sinanan Mika MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Horwitch Carrie MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kirkegaard Sheila

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Doll Kemi MD

    DIRECTOR THRU 11/24

    Total calculated
    $0
    Hours/week
    1
  • Farrokhi Farrokh MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nayak Bindu MD

    DIRECTOR

    Total calculated
    $5,047
    From this org
    $0
    From related orgs
    $5,047
    Other
    $0
    Hours/week
    1 + 3 related
  • Schiebel Steve MD

    DIRECTOR THRU 11/24

    Total calculated
    $0
    Hours/week
    1
  • Sharpe Sheree MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tallman Sheela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Williams Estell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 July 2025
IRS schema version
2024v5.2
Source object
202501959349300875

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