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Nonprofiteer
← MARIN GENERAL HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by MARIN GENERAL HOSPITAL FOUNDATION.

Totals

Total revenue
$7,665,579
Total expenses
$5,227,767
Contributions and grants received
$7,473,841
Grants paid
$4,698,988
Program service revenue
$0
Investment income
$383,724
Other revenue
-$191,986
Total assets, end of year
$33,875,152
Total liabilities, end of year
$939,957
Net assets or fund balances, end of year
$32,935,195
Program services expenses (Part IX)
$4,698,988
Management and general expenses
$219,847
Fundraising expenses
$308,932
Program service expenses (Part III)
$4,698,988

Program services were 89.9% 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.

  • 1c · Fundraising events

    $1,073,633

  • 1f · All other contributions, gifts and grants

    $6,400,208

  • 1g · Noncash contributions included above

    $1,254,037

  • 3 · Investment income

    total $429,497 · excluded $429,497

  • 7a · Gross sales of assets other than inventory

    securities $7,066,977

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

    securities $7,112,750

  • 7c · Gain or loss

    securities -$45,773

  • 7d · Net gain or loss

    total -$45,773 · excluded -$45,773

  • 8a · Fundraising events: gross income

    $43,877

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

    $1,073,633

  • 8b · Fundraising events: direct expenses

    $235,863

  • 8c · Net income from fundraising events

    total -$191,986 · excluded -$191,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,698,988 · program services $4,698,988

  • 7 · Other salaries and wages

    total $210,576 · management and general $65,789 · fundraising $144,787

  • 11c · Fees: accounting

    total $64,467 · management and general $64,467

  • 11e · Fees: professional fundraising services

    total $161,121 · fundraising $161,121

  • 11g · Fees: other

    total $37,338 · management and general $37,338

  • 13 · Office expenses

    total $8,577 · management and general $8,108 · fundraising $469

  • 14 · Information technology

    total $26,806 · management and general $25,339 · fundraising $1,467

  • 17 · Travel

    total $3,935 · management and general $3,720 · fundraising $215

  • 24a · Other expenses: MEALS

    total $6,872 · management and general $6,496 · fundraising $376

  • 24b · Other expenses: LICENSES & TAXES

    total $5,450 · management and general $5,152 · fundraising $298

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $3,637 · management and general $3,438 · fundraising $199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,606,133 · end of year $4,534,017

  • 2 · Savings and temporary cash investments

    beginning of year $5,575,163 · end of year $701

  • 3 · Pledges and grants receivable

    beginning of year $4,483,762 · end of year $3,649,021

  • 11 · Investments: publicly traded securities

    beginning of year $13,556,581 · end of year $17,553,649

  • 12 · Investments: other securities

    beginning of year $3,044,291 · end of year $6,895,217

  • 15 · Other assets

    beginning of year $1,122,668 · end of year $1,242,547

  • 18 · Grants payable

    beginning of year $1,558,142 · end of year $939,957

  • 27 · Net assets without donor restrictions

    beginning of year $7,462,459 · end of year $10,199,179

  • 28 · Net assets with donor restrictions

    beginning of year $21,367,997 · end of year $22,736,016

Mission and programs · 2023

Mission

TO INSPIRE PHILANTHROPY FOR THE BENEFIT OF MARINHEALTH.

Activities or mission (Part I)

FUNDRAISING SERVICES TO SUPPORT MARINHEALTH PROGRAMS AND SERVICES.

  • THROUGHOUT 2023 MARINHEALTH FOUNDATION RAISED FUNDS AND TRANSFERRED AMOUNTS TO MARINHEALTH MEDICAL CENTER. RECENT PROGRAMS AND SERVICES MADE POSSIBLE WITH PHILANTHROPIC SUPPORT INCLUDE: A NEW GRADUATE NURSE RESIDENCY PROGRAM; A MARINHEALTH OUTPATIENT PSYCHIATRY CLINIC IN NOVATO; A NEW HYBRID OPERATING ROOM IN THE OAK PAVILION; A NEW CT SIMULATOR AT MARINHEALTH CANCER CARE; A SURGICAL IMAGING C-ARM; A DEPUYS SYNTHES VELYS ROBOTIC-ASSISTED SOLUTION FOR KNEE REPLACEMENT; UPGRADED SOFTWARE AND HARDWARE FOR THE BREAST HEALTH CENTER; THE CONTINUED EXPANSION OF OUR STRUCTURAL HEART PROGRAM, OFFERING AN EVEN LARGER ARRAY OF NON-INVASIVE LIFESAVING PROCEDURES TO THOSE WHO WOULD HAVE IN THE PAST NEEDED OPEN HEART SURGERY; SUPPORT FOR UNDERINSURED CANCER PATIENTS, INCLUDING MAMMOGRAMS, PHYSICAL THERAPY, WIGS, PROSTHETICS, AND FINANCIAL ASSISTANCE; SUPPORT FOR THE BRADEN DIABETES CENTER; AND SUPPORT FOR THE HAYNES CARDIOVASCULAR INSTITUTE. SUPPORT WAS RECEIVED THROUGH FUNDRAISING EVENTS AS WELL AS THROUGH GENEROUS SUPPORT FROM COMMUNITY DONORS.

    Expenses $4,698,988 · Grants $4,698,988

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID KLEIN MD MBA

    BOARD MEMBER / CEO OF MHMC

    Total calculated
    $1,840,436
    From this org
    $0
    From related orgs
    $1,803,170
    Other
    $37,266
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,127,775 related
    Bonus
    $0 + $385,037 related
    Other
    $0 + $290,358 related
    Deferred
    $0 + $17,568 related
    Nontaxable benefits
    $0 + $19,698 related
    Filer's total
    $0 + $1,840,436 related

  • ELIZABETH KOLCUN

    BOARD MEMBER / PRESIDENT & CDO

    Total calculated
    $495,652
    From this org
    $0
    From related orgs
    $438,656
    Other
    $56,996
    Hours/week
    46 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,677 related
    Bonus
    $0 + $98,316 related
    Other
    $0 + $663 related
    Deferred
    $0 + $23,588 related
    Nontaxable benefits
    $0 + $33,408 related
    Filer's total
    $0 + $495,652 related

  • BRUCE BRADEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE ROBINSON

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JULIE VAN VORIS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE STONE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • LESLIE FERGUSON-DIETZ

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY KNIESCHE

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • PAT ABRAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN ARELLANES

    BOARD MEMBER THROUGH 12/18/2023

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT BURMEISTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • HEATHER D CARLBERG MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SUSAN GILARDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BOBBIE HEAD MD PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ALFRED OPPENHEIM MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • VIVICKA PARAWELL BSN RN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TUCKY POGUE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • HELEN PRINCIPE RN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • AJ ROHDE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JASON RUBEN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RON RUBIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANDREA SCHULTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • SALLY SHEKOU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JINNIE SIMONSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN STRUNK MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SPENCER WANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARC WATROUS PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • H WARD WOLFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ERIC BRETTNER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $753,419
    From this org
    $0
    From related orgs
    $701,911
    Other
    $51,508
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $555,558 related
    Bonus
    $0 + $145,111 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $18,100 related
    Nontaxable benefits
    $0 + $33,408 related
    Filer's total
    $0 + $753,419 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 3
MARINHEALTH FOUNDATION'S PRESIDENT IS AN EMPLOYEE OF MARINHEALTH MEDICAL CENTER, THE ORGANIZATION'S SOLE MEMBER AND A RELATED ORGANIZATION. MARINHEALTH MEDICAL CENTER UTILIZED THE FOLLOWING METHODS TO DETERMINE COMPENSATION OF THE MARINHEALTH FOUNDATION PRESIDENT: INDEPENDENT COMPENSATION CONSULTANT AND APPROVAL BY THE BOARD.

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 partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349313103

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