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← SEQUOIA HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by SEQUOIA HOSPITAL FOUNDATION.

Totals

Total revenue
$14,263,249
Total expenses
$5,175,655
Contributions and grants received
$13,666,389
Grants paid
$4,776,034
Program service revenue
$0
Investment income
$667,908
Other revenue
-$71,048
Total assets, end of year
$39,179,133
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,179,133
Program services expenses (Part IX)
$4,776,034
Management and general expenses
$246,394
Fundraising expenses
$153,227
Program service expenses (Part III)
$4,776,034

Program services were 92.3% 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

    $318,515

  • 1f · All other contributions, gifts and grants

    $13,347,874

  • 1g · Noncash contributions included above

    $207,767

  • 3 · Investment income

    total $444,642 · excluded $444,642

  • 7a · Gross sales of assets other than inventory

    securities $10,947,555

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

    securities $10,724,289

  • 7c · Gain or loss

    securities $223,266

  • 7d · Net gain or loss

    total $223,266 · excluded $223,266

  • 8a · Fundraising events: gross income

    $82,205

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

    $318,515

  • 8b · Fundraising events: direct expenses

    $166,349

  • 8c · Net income from fundraising events

    total -$84,144 · excluded -$84,144

  • 9a · Gaming: gross income

    $11,400

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $11,400 · excluded $11,400

  • 11a · Other revenue: CHANGE IN SPLIT-INTEREST AGREEM.

    total $1,696 · excluded $1,696

  • 11e · Other revenue, total

    $1,696

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,776,034 · program services $4,776,034

  • 11c · Fees: accounting

    total $57,512 · management and general $57,512

  • 11f · Fees: investment management

    total $75,930 · management and general $75,930

  • 11g · Fees: other

    total $117,762 · management and general $57,876 · fundraising $59,886

  • 13 · Office expenses

    total $19,508 · fundraising $19,508

  • 14 · Information technology

    total $427 · management and general $81 · fundraising $346

  • 17 · Travel

    total $30,771 · management and general $30,771

  • 23 · Insurance

    total $6,771 · management and general $6,771

  • 24a · Other expenses: OTHER

    total $77,630 · management and general $14,746 · fundraising $62,884

  • 24b · Other expenses: TRAINING

    total $13,090 · management and general $2,487 · fundraising $10,603

  • 24c · Other expenses: DUES AND SUBSCR.

    total $220 · management and general $220

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $376,968 · end of year $458,486

  • 3 · Pledges and grants receivable

    beginning of year $5,018,285 · end of year $11,416,559

  • 11 · Investments: publicly traded securities

    beginning of year $20,012,131 · end of year $24,984,400

  • 12 · Investments: other securities

    beginning of year $1,688,275 · end of year $1,788,788

  • 15 · Other assets

    beginning of year $529,139 · end of year $530,900

  • 27 · Net assets without donor restrictions

    beginning of year $12,242,828 · end of year $14,187,690

  • 28 · Net assets with donor restrictions

    beginning of year $15,381,970 · end of year $24,991,443

Mission and programs · 2024

Mission

THE MISSION OF SEQUOIA HOSPITAL FOUNDATION IS TO DEVELOP AND SECURE FUNDS AND OTHER RESOURCES, TO ENCOURAGE AWARENESS OF THE ONGOING NEEDS AND CAPABILITIES OF SEQUOIA HOSPITAL, AND TO ASSIST SEQUOIA HOSPITAL IN REACHING ITS GOALS AND OBJECTIVES.

Activities or mission (Part I)

TO RAISE FUNDS AND CULTIVATE OTHER RESOURCES TO SUPPORT SEQUOIA HOSPITAL.

  • THROUGH ONGOING CAMPAIGNS, ANNUAL APPEALS, SPECIAL EVENTS AND GENEROUS UNSOLICITED CONTRIBUTIONS, SEQUOIA HOSPITAL FOUNDATION (THE FOUNDATION) IS ABLE TO SUPPORT PATIENT CARE, PROGRAMS AND FACILITIES AT SEQUOIA HOSPITAL (THE HOSPITAL). IN CLOSE ALIGNMENT WITH THE HOSPITAL'S STRATEGIC PLAN, THE FOUNDATION RAISES FUNDS AND MAKES GRANTS TO MEET IDENTIFIED HOSPITAL NEEDS. IN ADDITION, THE FOUNDATION IS ACTIVELY RAISING FUNDS TO SUPPORT THE SERVICE LINES AT SEQUOIA HOSPITAL, INCLUDING THE HEART & VASCULAR INSTITUTE, BIRTH CENTER, AND KENNETT NURSING SCHOLARSHIP.

    Expenses $4,776,034 · Grants $4,776,034

As filed on the 2024 return.

Listed in Part VII

  • Beverly Joyce MD

    CHAIR UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1
  • Paraag Marathe

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Tom Cortopassi

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Brennan

    BOARD MEMBER UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1
  • Sabrina Francis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • William Graham

    BOARD MEMBER UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1
  • Ted Hannig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bernadette Mellott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sylvia Nelson

    BOARD MEMBER UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1
  • Julie San Filippo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marisa San Filippo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marylue Timpson

    BOARD MEMBER UNTIL 06/25

    Total calculated
    $0
    Hours/week
    1
  • Darlene Woodson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Janine Valine

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Norman Dewill

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Donna McKinney

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Milan Parikh

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Nilima Ragavan

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Paul Hank Scherf

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Joseph Yapaola

    BOARD MEMBER AS OF 07/24

    Total calculated
    $0
    Hours/week
    1
  • Lindsey Hincks

    PRESIDENT

    Total calculated
    $342,948
    From this org
    $314,234
    From related orgs
    $0
    Other
    $28,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,990
    Bonus
    $0
    Other
    $73,244
    Deferred
    $0
    Nontaxable benefits
    $28,714
    Filer's total
    $342,948
  • Erin Callaghan

    PHILANTHROPY OPERATION MAN

    Total calculated
    $137,152
    From this org
    $136,825
    From related orgs
    $0
    Other
    $327
    Hours/week
    40
  • Sukhie Bal

    DIRECTOR OF DEVELOPMENT UNTIL 11/24

    Total calculated
    $109,420
    From this org
    $109,420
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
ALL EMPLOYEES OF THE SEQUOIA HOSPITAL FOUNDATION ARE COMPENSATED BY THE COMMON SPIRIT HEALTH, AN UNRELATED ORGANIZATION EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.5
Source object
202611149349301326

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