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Nonprofiteer
← NORTHRIDGE HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by NORTHRIDGE HOSPITAL FOUNDATION.

Totals

Total revenue
$6,302,624
Total expenses
$4,177,553
Contributions and grants received
$5,612,837
Grants paid
$2,975,778
Program service revenue
$0
Investment income
$826,327
Other revenue
-$136,540
Total assets, end of year
$35,069,944
Total liabilities, end of year
$25,382
Net assets or fund balances, end of year
$35,044,562
Program services expenses (Part IX)
$2,975,778
Management and general expenses
$965,633
Fundraising expenses
$236,142
Program service expenses (Part III)
$2,975,778

Program services were 71.2% 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.

  • 1c · Fundraising events

    $245,266

  • 1d · Related organizations

    $1,379,076

  • 1e · Government grants (contributions)

    $1,489,996

  • 1f · All other contributions, gifts and grants

    $2,498,499

  • 1g · Noncash contributions included above

    $47,290

  • 3 · Investment income

    total $420,387 · excluded $420,387

  • 7a · Gross sales of assets other than inventory

    securities $42,901,325

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

    securities $42,495,385

  • 7c · Gain or loss

    securities $405,940

  • 7d · Net gain or loss

    total $405,940 · excluded $405,940

  • 8a · Fundraising events: gross income

    $129,026

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

    $245,266

  • 8b · Fundraising events: direct expenses

    $268,341

  • 8c · Net income from fundraising events

    total -$139,315 · excluded -$139,315

  • 9a · Gaming: gross income

    $3,025

  • 9b · Gaming: direct expenses

    $250

  • 9c · Net income from gaming

    total $2,775 · excluded $2,775

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,975,778 · program services $2,975,778

  • 11f · Fees: investment management

    total $65,869 · management and general $65,869

  • 11g · Fees: other

    total $1,015,738 · management and general $850,524 · fundraising $165,214

  • 12 · Advertising and promotion

    total $6,264 · management and general $6,264

  • 13 · Office expenses

    total $68,187 · management and general $25,312 · fundraising $42,875

  • 17 · Travel

    total $11,856 · management and general $11,856

  • 24a · Other expenses: DONOR CULTIVATION

    total $26,277 · fundraising $26,277

  • 24b · Other expenses: FOOD

    total $4,491 · management and general $3,740 · fundraising $751

  • 24c · Other expenses: LICENSES TAXES

    total $1,892 · management and general $1,892

  • 24d · Other expenses: IN-KIND DISBURSEMENTS

    total $45 · management and general $5 · fundraising $40

  • 24e · All other expenses

    total $1,156 · management and general $171 · fundraising $985

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $647,816 · end of year $572,961

  • 11 · Investments: publicly traded securities

    beginning of year $10,966,442 · end of year $13,186,507

  • 12 · Investments: other securities

    beginning of year $21,424,796 · end of year $21,309,897

  • 15 · Other assets

    beginning of year $3,502 · end of year $579

  • 17 · Accounts payable and accrued expenses

    beginning of year $315 · end of year $315

  • 18 · Grants payable

    beginning of year $566,492 · end of year $23,515

  • 25 · Other liabilities

    beginning of year $4,139 · end of year $1,552

  • 27 · Net assets without donor restrictions

    beginning of year $21,722,958 · end of year $22,480,804

  • 28 · Net assets with donor restrictions

    beginning of year $10,748,652 · end of year $12,563,758

Mission and programs · 2022

Mission

NORTHRIDGE HOSPITAL FOUNDATION'S MISSION IS TO SUPPORT, FINANCIALLY AND OTHERWISE, THE CHARITABLE PURPOSES AND ACTIVITIES OF DIGNITY COMMUNITY CARE DBA NORTHRIDGE HOSPITAL MEDICAL CENTER, WHICH PROVIDES HIGH-VALUE AND QUALITY HEALTHCARE SERVICES AND PROGRAMS TO THE RESIDENTS OF THE SAN FERNANDO VALLEY.

Activities or mission (Part I)

TO ADVANCE THE MISSION, VISION AND VALUES OF DIGNITY COMMUNITY CARE DBA NORTHRIDGE HOSPITAL MEDICAL CENTER THROUGH PHILANTHROPIC INITIATIVES AND FINANCIAL SUPPORT.

  • THE FOUNDATION IS AN IRC SEC 509(A)(3) SUPPORTING ORGANIZATION TO DIGNITY COMMUNITY CARE DBA NORTHRIDGE HOSPITAL MEDICAL CENTER ("HOSPITAL"). AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE HOSPITAL.

    Expenses $2,975,778 · Grants $2,975,778

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAUL H WATKINS

    BOARD MEMBER

    Total calculated
    $865,558
    From this org
    $0
    From related orgs
    $749,775
    Other
    $115,783
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,472 related
    Bonus
    $0 + $261,998 related
    Other
    $0 + $13,305 related
    Deferred
    $0 + $66,138 related
    Nontaxable benefits
    $0 + $49,644 related
    Filer's total
    $0 + $865,557 related

  • BRIAN P HAMMEL

    BOARD MEMBER/ FOUNDATION PRESIDENT

    Total calculated
    $376,380
    From this org
    $0
    From related orgs
    $308,351
    Other
    $68,029
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $262,108 related
    Bonus
    $0 + $31,765 related
    Other
    $0 + $14,478 related
    Deferred
    $0 + $45,711 related
    Nontaxable benefits
    $0 + $22,318 related
    Filer's total
    $0 + $376,380 related

  • DOUG BROWN

    BOARD MEMBER/ CFO(HOSPITAL)

    Total calculated
    $326,946
    From this org
    $0
    From related orgs
    $284,922
    Other
    $42,024
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,081 related
    Bonus
    $0 + $30,600 related
    Other
    $0 + $241 related
    Deferred
    $0 + $22,461 related
    Nontaxable benefits
    $0 + $19,563 related
    Filer's total
    $0 + $326,946 related

  • GRACE LELAND

    BOARD MEMBER

    Total calculated
    $8,302
    From this org
    $0
    From related orgs
    $3,789
    Other
    $4,513
    Hours/week
    1 + 5 related

  • MARK AMICO MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINNEA BENNING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELANIE COTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MELISA DUGAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REBECCA FIROOZI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GLADYS FUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES GOODMAN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY GRIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEREMY GROSSER MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLOS GUTIERREZ JR

    BOARD MEMBER (THRU 5/2023)

    Total calculated
    $0
    Hours/week
    1

  • BARBARA HAWTHORNE

    BOARD MEMBER (THRU 9/2022)

    Total calculated
    $0
    Hours/week
    1

  • PATRICK HAWTHORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALAIN KARAGUEZIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VALERIE KOHLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY LAKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHERRY LAPIDES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TUAN D NGUYEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANA PUMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID PUMP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AFSHIN SAFA MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN SANDVILLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAREN SCHLECTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KHURRUM SHAH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JODY SHERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BESSIE WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAURICE ZEITLIN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY BENVENISTE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GARDNER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BILL NEWBOLD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ENRIQUE WONG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALI ATABAKI MD

    BOARD MEMBER

    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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, COMMONSPIRIT, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION: (1) HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE COMMONSPIRIT BOARD OF STEWARDSHIP TRUSTEES ("BOARD"); (2) INDEPENDENT COMPENSATION CONSULTANT; (3) COMPENSATION SURVEY OR STUDY; AND (4) APPROVAL BY THE BOARD OR HUMAN RESOURCES AND COMPENSATION COMMITTEE. SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15A FOR ADDITIONAL INFORMATION. PART I, LINE 4A: CERTAIN LISTED PERSONS ARE COVERED BY AN EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 9 TO 24 MONTHS OF BASE COMPENSATION, DEPENDING ON THE EXECUTIVE'S POSITION, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. NO PAYMENTS WERE MADE PURSUANT TO THE PLAN ARRANGEMENTS OCCURRED DURING 2022.
SCHEDULE J, PART III - SUPPLEMENTAL DISCLOSURES
ALTHOUGH THE ORGANIZATION DOES NOT DIRECTLY EMPLOY ANY PERSONNEL, DIGNITY COMMUNITY CARE FOLLOWS COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY. COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY IS DESIGNED TO ASSIST THE ORGANIZATION IN ATTRACTING AND RETAINING THE CALIBER OF EXECUTIVES REQUIRED TO ENABLE TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY HEALTHCARE FOR ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES, IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES, PROMOTING PATIENT AND EMPLOYEE SATISFACTION, AND ENSURING FINANCIAL STABILITY. A SUBSTANTIAL PORTION OF EXECUTIVE COMPENSATION IS PERFORMANCE BASED AND IS LINKED TO ORGANIZATIONAL GOALS APPROVED IN ADVANCE BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. THESE GOALS INCLUDE ATTAINMENT OF ANNUAL AND LONG-TERM FINANCIAL PERFORMANCE, CERTAIN HEALTH CARE QUALITY STANDARDS AND ITS COMMITMENT TO SERVING THE POOR AND DISENFRANCHISED IN THE COMMUNITIES IT SERVES. TOTAL COMPENSATION, WHICH INCLUDES BASE SALARY, ANNUAL AND LONG-TERM INCENTIVE COMPENSATION, IS ESTABLISHED TO APPROXIMATE THE PREVAILING MARKET CONDITIONS FOR EXECUTIVES OF COMPANIES OF SIMILAR SIZE, REVENUES AND COMPLEXITY. PAYMENTS PURSUANT TO A LONG-TERM FINANCIAL PERFORMANCE GOAL WERE PAID IN CALENDAR YEAR 2022.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202411239349300401

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