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 JenniferHANSCOM 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 MDSEPPI BRIAN MD
PRESIDENT THRU 11/24
- Total calculated
- $0
- Hours/week
- 1
-
Sinanan Mika MDSINANAN MIKA MD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Horwitch Carrie MDHORWITCH CARRIE MD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kirkegaard SheilaKIRKEGAARD SHEILA
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Doll Kemi MDDOLL KEMI MD
DIRECTOR THRU 11/24
- Total calculated
- $0
- Hours/week
- 1
-
Farrokhi Farrokh MDFARROKHI FARROKH MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nayak Bindu MDNAYAK 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 MDSCHIEBEL STEVE MD
DIRECTOR THRU 11/24
- Total calculated
- $0
- Hours/week
- 1
-
Sharpe Sheree MDSHARPE SHEREE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tallman SheelaTALLMAN SHEELA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Williams Estell MDWILLIAMS 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.
-
WASHINGTON STATE MEDICAL POLITICAL ACTION COMMITTEE
527 · POLITICAL · WA
Directly controlled by WASHINGTON STATE MEDICAL ASSOCIATION
-
501(C)(3) · HEALTH CARE QUALITY IMPROVEMENT · FL
-
WASHINGTON STATE MEDICAL ASSOCIATION
501(C)(6) · MEDICAL EDUCATION · WA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202501959349300875
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