Saddleback Memorial Foundation FY2024 filing

Tax-deductible

Laguna Hills, CA501(c)(3)Since 1979Foundations & GrantmakersEIN 33-0011887

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To develop the philanthropic resources necessary to strengthen the ability of Saddleback Memorial medical center to enhance the health and well-being of individuals, families, and our community.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $10.4M a year · 65% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $104K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 19 voting members
Looks good: 14 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.5M
+600% vs prior year
Spent
$12.0M
To programs
75%
Net assets
$174.6M
By yearFY2020–FY2024
Revenue
$28.5M
FY2024▲ +600%
Revenue by fiscal year
FY2020$9.7M
FY2021$12.3M
FY2022$25.3M
FY2023$4.1M
FY2024$28.5M
FY2024$7.3M
Expenses
$12.0M
FY2024▲ +124%
Expenses by fiscal year
FY2020$3.2M
FY2021$2.4M
FY2022$4.8M
FY2023$5.4M
FY2024$12.0M
FY2024$8.0M
Net assets
$174.6M
FY2024▲ +2%
Net assets by fiscal year
FY2020$139.8M
FY2021$169.4M
FY2022$160.8M
FY2023$171.3M
FY2024$174.6M
FY2024$182.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $9.0M Management & general 8% · $969K Fundraising 17% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member, CEO Smmc
$0Pt VII · Sec A
President
$0Pt VII · Sec A
CFO/Executive Director, Finance
$0Pt VII · Sec A
Director, Comm & Donor Eng
$0Pt VII · Sec A
Exec. Director, Data Management
$0Pt VII · Sec A
Exec. Director, Major Gifts
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary (from 1/1/24)
$0Pt VII · Sec A
See Saddleback Memorial Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds to improve community health and well-being through a medical center.

Provided by the organization

This section is blank until Saddleback Memorial Foundation claims this page.

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3 program services account for $6.1M of program spending, described in the organization's own filed words · FY2023.
01

Provided grants for saddleback memorial medical center capital items (see schedule I).

$4.1Mprogram expense
02

Provided grant for saddleback memorial medical center's hospice & palliative care services (see schedule I).

$1.6Mprogram expense
03

Provided grant for saddleback memorial medical center's commission on cancer accreditation initiative (see schedule I).

$348Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 7 grants · $20.5M · 2019–2024
Memorial Health ServicesCA · FY2022$81,502

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$28.5M
Ln 12
Investment incomeLn 3$21.0M
Gifts and grantsLn 1h$4.0M
Other incomeLn 4–11$3.4M
Money outPt IX
$12.0M
Ln 25
Programscol B$9.0M
Managementcol C$969K
Fundraisingcol D$2.0M
Owns and owesPt X
$174.6M
net assets · Ln 32
Cash and savingsLn 1–2$13.4M
Total assetsLn 16$178.7M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Fundraising eventsLn 1c$678K
Investment incomeLn 3$21.0M
Other incomeLn 4–11$3.4M
Gains on assetsLn 7$17.1M
Total revenueLn 12$28.5M
Assets in detailPt X, end of year
CashLn 1$13.3M
SavingsLn 2$95K
Cash and savings togetherLn 1–2$13.4M
InvestmentsLn 11–13$158.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$3.6M
Total assetsLn 16$178.7M
LiabilitiesLn 26$4.2M
Net assetsLn 32$174.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$15.7M$13.4M
InvestmentsLn 11–13$154.5M$158.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$175.4M$178.7M
LiabilitiesLn 26$4.1M$4.2M
Net assetsLn 32$171.3M$174.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.0M$9.0M
Pay of current officers, directors and key staffLn 5$1.1M$420K$636K
Other salaries and wagesLn 7$832K$49K$783K
Pension plan contributionsLn 8$54K$12K$42K
Other employee benefitsLn 9$285K$14K$270K
Payroll taxesLn 10$115K$17K$98K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$89K$89K$60
Investment management feesLn 11f$197K$197K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$60K$25K$36K
Information technologyLn 14$61K$21K$41K
OccupancyLn 16$3K$3K
TravelLn 17$18K$18K
Conferences, conventions and meetingsLn 19$79K$48K$31K
InsuranceLn 23$7K$6K$1K
Other expenses (24a–d)Ln 24$46K$1K$45K
All other expensesLn 24e$44K$42K$2K
Total functional expensesLn 25$12.0M$9.0M$969K$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $28.5M$12.0M$16.5M$174.6M 990 PDF
FY2023 $4.1M$5.4M−$1.3M$171.3M 990 PDF
FY2022 $25.3M$4.8M$20.5M$160.8M 990 PDF
FY2021 $12.3M$2.4M$9.9M$169.4M 990 PDF
FY2020 $9.7M$3.2M$6.4M$139.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $28,455,781 across 9 lines filed
Lines not itemized here account for $3,800 of total revenue; see the IRS return.
VIII-1c Fundraising events$677,726
VIII-1d Related organizations$10,000
VIII-1f All other contributions, gifts and grants$3,326,383
VIII-1h Total contributions, gifts and grants$4,014,109
VIII-3 Investment incomeExcluded from tax $3,885,609$3,885,609
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,142,213$17,142,213
VIII-8 Net income from fundraising eventsExcluded from tax −$222,319−$222,319
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,632,369$3,632,369
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $24,441,672$28,455,781
Part IX · Statement of functional expenses $12,001,731 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $9,000,000$9,000,000
IX-5 Pay of current officers, directors and key staffManagement $419,520 · Fundraising $635,845$1,055,365
IX-7 Other salaries and wagesManagement $49,130 · Fundraising $782,689$831,819
IX-8 Pension plan contributionsManagement $11,852 · Fundraising $42,331$54,183
IX-9 Other employee benefitsManagement $14,431 · Fundraising $270,218$284,649
IX-10 Payroll taxesManagement $17,056 · Fundraising $97,591$114,647
IX-11b Legal feesManagement $24,877$24,877
IX-11c Accounting feesManagement $89,079 · Fundraising $60$89,139
IX-11f Investment management feesManagement $196,831$196,831
IX-11g Other fees for servicesFundraising $31,405$31,405
IX-13 Office expensesManagement $24,861 · Fundraising $35,517$60,378
IX-14 Information technologyManagement $20,856 · Fundraising $40,616$61,472
IX-16 OccupancyManagement $2,707$2,707
IX-17 TravelFundraising $17,684$17,684
IX-19 Conferences, conventions and meetingsManagement $47,929 · Fundraising $30,763$78,692
IX-23 InsuranceManagement $6,357 · Fundraising $1,108$7,465
IX-24 Other expenses (24a–d)Management $1,252 · Fundraising $45,053$46,305
IX-24e All other expensesManagement $41,785 · Fundraising $2,328$44,113
IX-25 Total functional expensesPrograms $9,000,000 · Management $968,523 · Fundraising $2,033,208$12,001,731
Part X · Balance sheet $178,726,049 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $15,488,615$13,331,907
X-2 Savings and temporary cash investmentsStart of year $176,548$95,090
X-3 Pledges and grants receivableStart of year $1,975,165$2,881,373
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $154,454,066$158,814,601
X-15 Other assetsStart of year $3,311,099$3,603,078
X-16 Total assetsStart of year $175,405,493$178,726,049
X-25 Other liabilitiesStart of year $4,094,625$4,167,617
X-26 Total liabilitiesStart of year $4,094,625$4,167,617
X-27 Net assets without donor restrictionsStart of year $75,668,185$80,903,333
X-28 Net assets with donor restrictionsStart of year $95,642,683$93,655,099
X-32 Total net assets or fund balancesStart of year $171,310,868$174,558,432
X-33 Total liabilities and net assetsStart of year $175,405,493$178,726,049
Part XI · Reconciliation of net assets $174,558,432 net assets at year end
XI-1 Total revenue$28,455,781
XI-2 Total expenses$12,001,731
XI-3 Revenue less expenses$16,454,050
XI-4 Net assets at start of year$171,310,868
XI-5 Net unrealized gains (losses) on investments−$13,488,972
XI-9 Other changes in net assets$282,486
XI-10 Net assets at end of year$174,558,432

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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