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Nonprofiteer
← MEMORIAL MEDICAL CENTER FOUNDATION

Form 990 for tax year 2022

Filed by MEMORIAL MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$9,663,864
Total expenses
$8,541,790
Contributions and grants received
$5,816,684
Grants paid
$5,454,297
Program service revenue
$0
Investment income
$3,891,853
Other revenue
-$44,673
Total assets, end of year
$262,911,081
Total liabilities, end of year
$13,829,949
Net assets or fund balances, end of year
$249,081,132
Program services expenses (Part IX)
$5,454,297
Management and general expenses
$1,329,061
Fundraising expenses
$1,758,432
Program service expenses (Part III)
$5,454,297

Program services were 63.9% 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

    $711,518

  • 1f · All other contributions, gifts and grants

    $5,105,166

  • 1g · Noncash contributions included above

    $54,431

  • 3 · Investment income

    total $1,015,465 · excluded $1,015,465

  • 7a · Gross sales of assets other than inventory

    securities $53,582,146

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

    securities $50,705,758

  • 7c · Gain or loss

    securities $2,876,388

  • 7d · Net gain or loss

    total $2,876,388 · excluded $2,876,388

  • 8a · Fundraising events: gross income

    $104,040

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

    $711,518

  • 8b · Fundraising events: direct expenses

    $148,713

  • 8c · Net income from fundraising events

    total -$44,673 · excluded -$44,673

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,454,297 · program services $5,454,297

  • 7 · Other salaries and wages

    total $1,389,542 · management and general $413,667 · fundraising $975,875

  • 9 · Other employee benefits

    total $486,626 · management and general $125,308 · fundraising $361,318

  • 10 · Payroll taxes

    total $107,300 · management and general $51,504 · fundraising $55,796

  • 11c · Fees: accounting

    total $168,485 · management and general $105,275 · fundraising $63,210

  • 11f · Fees: investment management

    total $460,865 · management and general $460,865

  • 12 · Advertising and promotion

    total $140,147 · management and general $6,327 · fundraising $133,820

  • 13 · Office expenses

    total $77,688 · management and general $27,261 · fundraising $50,427

  • 14 · Information technology

    total $78,797 · management and general $35,072 · fundraising $43,725

  • 16 · Occupancy

    total $3,319 · management and general $3,319

  • 19 · Conferences, conventions and meetings

    total $36,727 · management and general $20,361 · fundraising $16,366

  • 20 · Interest

    total $17,376 · management and general $17,376

  • 23 · Insurance

    total $6,187 · management and general $6,187

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $59,730 · management and general $2,466 · fundraising $57,264

  • 24b · Other expenses: BAD DEBTS

    total $32,751 · management and general $32,751

  • 24c · Other expenses: BANK FEES

    total $20,323 · management and general $19,692 · fundraising $631

  • 24d · Other expenses: TAXES AND FEES

    total $1,630 · management and general $1,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,479,997 · end of year $1,097,524

  • 2 · Savings and temporary cash investments

    beginning of year $7,495,037 · end of year $6,607,032

  • 3 · Pledges and grants receivable

    beginning of year $5,546,224 · end of year $4,289,509

  • 4 · Accounts receivable

    beginning of year $5,970 · end of year $92,866

  • 11 · Investments: publicly traded securities

    beginning of year $199,773,365 · end of year $221,026,511

  • 12 · Investments: other securities

    beginning of year $30,761,211 · end of year $22,918,024

  • 15 · Other assets

    beginning of year $6,488,063 · end of year $6,879,615

  • 19 · Deferred revenue

    beginning of year $259,997 · end of year $261,156

  • 23 · Secured mortgages and notes payable

    beginning of year $239,632 · end of year $218,250

  • 25 · Other liabilities

    beginning of year $14,832,195 · end of year $13,350,543

  • 27 · Net assets without donor restrictions

    beginning of year $53,947,583 · end of year $56,817,155

  • 28 · Net assets with donor restrictions

    beginning of year $182,270,460 · end of year $192,263,977

Mission and programs · 2022

Mission

TO CULTIVATE AND SECURE ALL TYPES OF GIFTS, GRANTS, BEQUESTS, AND TO ADMINISTER TRUST AND ENDOWMENT FUNDS AND FUND DEVELOPMENT PROGRAMS, FOR LONG BEACH MEMORIAL MEDICAL CENTER, A NONPROFIT PUBLIC BENEFIT CORPORATION AND TAX EXEMPT PUBLIC CHARITY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ITS HOSPITALS, INCLUDING BUT NOT LIMITED TO LONG BEACH MEMORIAL MEDICAL CENTER AND MILLER CHILDREN'S AND WOMEN'S HOSPITAL, AND ITS PROGRAMS, CENTERS, AND CLINICS.

Activities or mission (Part I)

TO RAISE FUNDS AND PROVIDE SUPPORT FOR PATIENT PROGRAMS, CLINICAL RESEARCH, MEDICAL EQUIPMENT, AND CAPITAL EXPANSION AT THE HOSPITALS AND OTHER HEALTHCARE FACILITIES OPERATED BY LONG BEACH MEMORIAL MEDICAL CENTER, A NONPROFIT PUBLIC BENEFIT CORPORATION AND TAX-EXEMPT PUBLIC CHARITY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $5,454,297 · Grants $5,454,297

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JOHN BISHOP

    BOARD MEMBER (THRU 01/06/23)

    Total calculated
    $1,788,944
    From this org
    $0
    From related orgs
    $1,427,034
    Other
    $361,910
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $713,893 related
    Bonus
    $0 + $389,013 related
    Other
    $0 + $324,128 related
    Deferred
    $0 + $343,190 related
    Nontaxable benefits
    $0 + $18,720 related
    Filer's total
    $0 + $1,788,944 related

  • YAIR KATZ

    CHIEF EXEC, MCWH & SVP PED

    Total calculated
    $742,010
    From this org
    $0
    From related orgs
    $613,118
    Other
    $128,892
    Hours/week
    4 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $463,560 related
    Bonus
    $0 + $138,097 related
    Other
    $0 + $11,461 related
    Deferred
    $0 + $109,083 related
    Nontaxable benefits
    $0 + $19,809 related
    Filer's total
    $0 + $742,010 related

  • ROBERT D GUNSALUS

    PRESIDENT

    Total calculated
    $435,574
    From this org
    $0
    From related orgs
    $399,829
    Other
    $35,745
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $373,998 related
    Bonus
    $0 + $10,020 related
    Other
    $0 + $15,811 related
    Deferred
    $0 + $15,101 related
    Nontaxable benefits
    $0 + $20,644 related
    Filer's total
    $0 + $435,574 related

  • GARY S MUENZEL SR

    EXECUTIVE DIRECTOR, FINANCE

    Total calculated
    $231,099
    From this org
    $0
    From related orgs
    $202,288
    Other
    $28,811
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $180,539 related
    Bonus
    $0 + $13,345 related
    Other
    $0 + $8,404 related
    Deferred
    $0 + $10,347 related
    Nontaxable benefits
    $0 + $18,464 related
    Filer's total
    $0 + $231,099 related

  • STEPHEN C HOLLISTER

    EXECUTIVE DIRECTOR, GRANTS

    Total calculated
    $218,319
    From this org
    $0
    From related orgs
    $191,142
    Other
    $27,177
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $177,434 related
    Bonus
    $0 + $13,029 related
    Other
    $0 + $679 related
    Deferred
    $0 + $9,372 related
    Nontaxable benefits
    $0 + $17,805 related
    Filer's total
    $0 + $218,319 related

  • SAMUEL JOSEPH PROKO

    DIRECTOR, ACCOUNTING

    Total calculated
    $186,511
    From this org
    $0
    From related orgs
    $170,334
    Other
    $16,177
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $158,054 related
    Bonus
    $0 + $11,413 related
    Other
    $0 + $867 related
    Deferred
    $0 + $8,506 related
    Nontaxable benefits
    $0 + $7,671 related
    Filer's total
    $0 + $186,511 related

  • CATHLEEN F WIEDER

    EXECUTIVE DIRECTOR, DEVELOPMENT (MCWH)

    Total calculated
    $164,114
    From this org
    $0
    From related orgs
    $134,475
    Other
    $29,639
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $133,741 related
    Bonus
    $0
    Other
    $0 + $734 related
    Deferred
    $0 + $8,530 related
    Nontaxable benefits
    $0 + $21,109 related
    Filer's total
    $0 + $164,114 related

  • KEVIN PETERSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN LAPUTZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LYNNE PILLSBURY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GARY DELONG

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GARY VAN ARNAM

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOEL BRODSKY DDS MS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE KEESAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE ZUCCHERO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN MEHIGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BLAIR KENT

    BOARD MEMBER (FROM 01/03/23)

    Total calculated
    $0
    Hours/week
    1

  • SANDY WELLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA CHAPMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY GORDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN WANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT FUNARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB FOSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARI HOOPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL DURKEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE CRISTINA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WALTER LARKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES WELLS 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE ORGANIZATION MAINTAINS A DEFINED CONTRIBUTION PLAN WHERE EACH YEAR'S CONTRIBUTION VESTS AFTER THREE YEARS. DURING THE 2022 CALENDAR YEAR, THE ORGANIZATION MADE THE FOLLOWING CONTRIBUTIONS TO THE PLAN ON BEHALF OF THE FOLLOWING INDIVIDUALS, WHICH IS REPORTED AS "RETIREMENT AND DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C). CONTRIBUTIONS THAT ARE IMMEDIATELY VESTED UNDER THE CIRCUMSTANCES REFERENCED BELOW ARE REPORTED AS "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III). JOHN BISHOP - $318,790
PART I, LINE 7
CERTAIN EXECUTIVES RECEIVE PART OF THEIR OVERALL COMPENSATION IN THE FORM OF AN ANNUAL INCENTIVE PAYMENT. SEVERAL FINANCIAL AND NON-FINANCIAL METRICS ARE UTILIZED IN THE FORMULA FOR THE INCENTIVE COMPENSATION, AND THESE METRICS AND THE FORMULA ARE REVIEWED AND APPROVED EACH YEAR IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE SOLE MEMBER OF EACH ORGANIZATION. PAYMENT OF ANY INCENTIVE COMPENSATION MUST BE APPROVED BY THE COMPENSATION COMMITTEE AFTER IT HAS REVIEWED THE METRICS TO DETERMINE WHETHER THEY HAVE BEEN MET AND THE AMOUNT OF THE PAYMENTS (IF ANY) BASED ON THE APPROVED FORMULA.
SCHEDULE J, PART I, LINE 3
THE COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS DETERMINED BY MEMORIAL HEALTH SERVICES (MHS), THE TAX-EXEMPT PARENT OF MEMORIAL MEDICAL CENTER FOUNDATION'S SOLE MEMBER, LONG BEACH MEMORIAL MEDICAL CENTER. SEE SCHEDULE O FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY MHS TO DETERMINE COMPENSATION.

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.

  • CHARITABLE REMAINDER TRUST (40)

    T · SUPPORT · CA · controlled entity

    Directly controlled by MMCF

  • NATIONAL HEALTHCARE SERVICES

    C · MEDICAL SERVICES · CA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441319349302834

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