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Nonprofiteer
← SALINAS VALLEY MEMORIAL HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by SALINAS VALLEY MEMORIAL HOSPITAL FOUNDATION INC.

Totals

Total revenue
$3,060,998
Total expenses
$2,948,006
Contributions and grants received
$2,594,687
Grants paid
$2,809,837
Program service revenue
$0
Investment income
$389,611
Other revenue
$76,700
Total assets, end of year
$20,448,109
Total liabilities, end of year
$536,714
Net assets or fund balances, end of year
$19,911,395
Program services expenses (Part IX)
$2,810,775
Management and general expenses
$137,231
Fundraising expenses
$0
Program service expenses (Part III)
$2,810,775

Program services were 95.3% 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

    $31,520

  • 1e · Government grants (contributions)

    $2,563,167

  • 1g · Noncash contributions included above

    $150,215

  • 3 · Investment income

    total $397,641 · excluded $397,641

  • 7a · Gross sales of assets other than inventory

    securities $3,531,086

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

    securities $3,539,116

  • 7c · Gain or loss

    securities -$8,030

  • 7d · Net gain or loss

    total -$8,030 · related or exempt -$8,030

  • 8a · Fundraising events: gross income

    $85,640

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

    $31,520

  • 8b · Fundraising events: direct expenses

    $8,940

  • 8c · Net income from fundraising events

    total $76,700 · excluded $76,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,809,837 · program services $2,809,837

  • 11f · Fees: investment management

    total $74,824 · management and general $74,824

  • 13 · Office expenses

    total $1,805 · management and general $1,805

  • 17 · Travel

    total -$1,132 · management and general -$1,132

  • 23 · Insurance

    total $1,162 · management and general $1,162

  • 24a · Other expenses: PURCHASED SERVICES

    total $58,187 · management and general $58,187

  • 24b · Other expenses: BANK CHARGES

    total $1,573 · management and general $1,573

  • 24c · Other expenses: CHILDRENS MIRACLE NETWO

    total $938 · program services $938

  • 24d · Other expenses: SUBSCRIPTIONS

    total $717 · management and general $717

  • 24e · All other expenses

    total $95 · management and general $95

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,933,462 · end of year $727,620

  • 2 · Savings and temporary cash investments

    beginning of year $437,065 · end of year $821,332

  • 3 · Pledges and grants receivable

    beginning of year $429,286 · end of year $272,572

  • 4 · Accounts receivable

    beginning of year $7,923 · end of year $13,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $475 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,081,021 · end of year $15,837,214

  • 15 · Other assets

    beginning of year $2,552,644 · end of year $2,775,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,786,491 · end of year $536,714

  • 19 · Deferred revenue

    beginning of year $5,430 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,106,345 · end of year $13,910,281

  • 28 · Net assets with donor restrictions

    beginning of year $6,543,610 · end of year $6,001,114

Mission and programs · 2022

Mission

OUR MISSION IS TO SUPPORT SALINAS VALLEY HEALTH BY FUNDING HEALTHCARE SERVICES, PROGRAMS, AND FACILITIES FOR OUR DIVERSE COMMUNITY.

  • OUR MISSION IS TO SUPPORT SALINAS VALLEY HEALTH BY FUNDING HEALTHCARE SERVICES, PROGRAMS, AND FACILITIES FOR OUR DIVERSE COMMUNITY.

    Expenses $2,810,775 · Grants $2,809,837

As filed on the 2022 return.

Listed in Part VII

  • MONICA TOVAR

    FORMER CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARK FAYLOR

    VICE CHAIR OF GOVERNANCE

    Total calculated
    $0
    Hours/week
    2

  • BILL HASTIE

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MISTY NAVARRO MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MCMILLAN

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA BALENTINE

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • CARRIE BIRKHOFER

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • RAMON CASTRO

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • CARMEN GIL

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID RAMOS

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • HELEN DE YOUNG

    GOVERNOR

    Total calculated
    $0
    Hours/week
    2

  • JEFF WARDWELL

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $255,493
    From this org
    $0
    From related orgs
    $201,892
    Other
    $53,601
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,892 related
    Bonus
    $0
    Other
    $0
    Deferred
    $19,500
    Nontaxable benefits
    $34,101
    Filer's total
    $53,601 + $201,892 related

  • MELISSA GROSS

    DIR. OF STRATEGIC PLANNING

    Total calculated
    $183,783
    From this org
    $0
    From related orgs
    $135,241
    Other
    $48,542
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,241 related
    Bonus
    $0
    Other
    $0
    Deferred
    $9,977
    Nontaxable benefits
    $38,565
    Filer's total
    $48,542 + $135,241 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
COMPENSATION IS BASED UPON AN AGREED UPON AMOUNT BETWEEN SALINAS VALLEY HEALTH AND THE SALINAS VALLEY HEALTH FOUNDATION BASED ON MARKET SALARIES AND COST OF LIVING ADJUSTMENTS. THE COMPENSATION IS PAID DIRECTLY BY SALINAS VALLEY HEALTH.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349313311

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