2023-10-23T11:03:53-05:00 2022-12-31 271155496 ROBERT LEE & ASSOCIATES LLP 999 W TAYLOR STREET STE A SAN JOSE CA 95126 990 2022-01-01 770187890 VALLEY HEALTH FOUNDATION (VHF) VALL 4088855299 2400 CLOVE DRIVE SAN JOSE CA 95128 CHRISTINA SALVATIER CFO 4088855299 2023-10-03 1 CHRISTINA SALVATIER 999009999 0 SCOTT R SMEAD P01208759 4088556770 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CHRISTINA SALVATIER 2400 CLOVE DRIVE SAN JOSE CA 95128 8377288 0 X WWW.VMCFOUNDATION.ORG X 1997 CA THE MISSION OF VALLEY HEALTH FOUNDATION IS TO BE A LEADER FOR COMMUNITY HEALTH AND HEALTHCARE IN SANTA CLARA COUNTY BY FUNDRAISING TO SUPPORT, INNOVATE, AND ADVOCATE BETTER HEALTH FOR ALL. 16 16 20 146 0 0 8159417 7564072 20771 60318 407509 198607 -435371 -539993 8152326 7283004 4121786 1433525 0 0 2193380 2141859 0 0 630351 1811674 2674401 8126840 6249785 25486 1033219 14966958 14253524 278429 265579 14688529 13987945 X THE VALLEY MEDICAL CENTER FOUNDATION (VMC FOUNDATION) IS AN INDEPENDENT, COMMUNITY-DRIVEN 501C3 NONPROFIT ORGANIZATION FOUNDED TO SUPPORT AND PROTECT SILICON VALLEY'S MOST VITAL PUBLIC HEALTHCARE INSTITUTION SANTA CLARA VALLEY MEDICAL CENTER HOSPITALS & CLINICS, WHICH INCLUDES SANTA CLARA VALLEY MEDICAL CENTER (SCVMC), O'CONNOR HOSPITAL, ST. LOUISE REGIONAL HOSPITAL AND THE DEPAUL HEALTH CENTER. IN PARTNERSHIP WITH SCVMC, THE VMC FOUNDATION RAISES PHILANTHROPIC DOLLARS TO IMPROVE EXISTING SERVICES, PIONEER NEW MODELS OF CARE, AND ADVANCE THE CAUSE OF HIGH-QUALITY HEALTHCARE FOR ALL. 0 0 4642654 1433525 60318 VMC FOUNDATION (THE "FOUNDATION") IS AN INDEPENDENT COMMUNITY-DRIVEN 501(C)(3) PUBLIC BENEFIT CORPORATION ORGANIZATION FOUNDED TO SUPPORT AND PROTECT SILICON VALLEY'S MOST VITAL PUBLIC HEALTHCARE INSTITUTION SANTA CLARA VALLEY MEDICAL CENTER HOSPITALS & CLINICS, WHICH INCLUDES SANTA CLARA VALLEY MEDICAL CENTER (SCVMC), O'CONNOR HOSPITAL, ST. LOUISE REGIONAL HOSPITAL AND THE DEPAUL HEALTH CENTER. IN PARTNERSHIP WITH SCVMC, THE VMC FOUNDATION RAISES PHILANTHROPIC DOLLARS TO IMPROVE EXISTING SERVICES, PIONEER NEW MODELS OF CARE, AND ADVANCE THE CAUSE OF HIGH-QUALITY HEALTHCARE FOR ALL.THE FOLLOWING ARE THE FOUNDATION'S MAJOR PROGRAMS AND ACTIVITIES: LAUNCHING THE VALLEY HEALTH FOUNDATION: IN 2019, THE COUNTY OF SANTA CLARA PURCHASED TWO COMMUNITY HOSPITALS, O'CONNOR HOSPITAL IN SAN JOSE AND ST. LOUISE REGIONAL HOSPITAL IN GILROY. THESE THREE HOSPITALS COMPRISE NORTHERN CALIFORNIA'S LARGEST PUBLIC HEALTHCARE SYSTEM ALONGSIDE SANTA CLARA VALLEY MEDICAL CENTER. IMMEDIATELY AFTER THE ACQUISITION, THE VMC FOUNDATION GOT TO WORK INTEGRATING THE FORMER O'CONNOR AND ST. LOUISE FOUNDATIONS INTO OUR OPERATING STRUCTURE. THE FINAL STEP IS IN THAT PROCESS, CHANGING THE NAME OF OUR ORGANIZATION TO REFLECT ALL THREE HOSPITAL COMMUNITIES. IN MAY 2023, THE VMC FOUNDATION WILL FORMALLY BECOME THE VALLEY HEALTH FOUNDATION WITH A NEW MISSION AND VISION STATEMENT. THIS REPRESENTS THE MOST SIGNIFICANT CHANGE FOR THE ORGANIZATION SINCE OUR FOUNDING IN 1988 AND ONE THAT SETS US ON A PATH TO SUPPORT, INNOVATE AND ADVOCATE FOR BETTER HEALTH FOR ALL IN SANTA CLARA COUNTY.FRIENDS OF ST. LOUISE - THE COUNTY OF SANTA CLARA PURCHASED THREE BANKRUPT AND/OR CLOSED HOSPITALS IN EARLY 2019, TWO OF WHICH HAD PRE-EXISTING FOUNDATIONS LATER DISBANDED. THE FOUNDATION IS NOW RAISING FUNDS FOR AND SUPPORTING SERVICES AT SANTA CLARA VALLEY MEDICAL CENTER HOSPITALS & CLINICS, INCLUDING O'CONNOR HOSPITAL, ST. LOUISE REGIONAL HOSPITAL, AND THE DEPAUL HEALTH CENTER IN ADDITION TO THE REST OF THE COUNTY OF SANTA CLARA HEALTH SYSTEM. "FRIENDS OF ST. LOUISE" IS THE NEW AFFILIATE GROUP LAUNCHED BY THE FOUNDATION TO SERVE AS THE COMMUNITY-FUNDRAISING ARM FOR ST. LOUISE REGIONAL HOSPITAL. COMPRISED OF THE FORMER MEMBERS OF THE NOW-DEFUNCT ST. LOUISE HOSPITAL FOUNDATION, FRIENDS OF ST. LOUISE WILL BE THE CONDUIT BY WHICH THE FOUNDATION SUPPORTS THE EXPANSION OF THE HOSPITAL. VIOLENCE PREVENTION - THE SANTA CLARA COUNTY PUBLIC HEALTH DEPARTMENT LEADS A COMMUNITY-WIDE COALITION TO ADDRESS VIOLENCE IN EAST SAN JOSE AS A PUBLIC HEALTH CONCERN. AS SUCH, THE VMC FOUNDATION HAS BEEN INVITED TO BE PART OF THIS COALITION AND HAS BEEN CHOSEN AS THE "WELLNESS FUND," WHERE DOLLARS RAISED TO SUPPORT THE WORK OF THE ALLIANCE WILL BE KEPT AND ADMINISTERED. THE FOUNDATION'S CEO IS ACTIVE ON THE COALITION'S LEADERSHIP TEAM.SPINAL CORD AND BRAIN INJURY REHABILITATION - SECURING GRANTS AND GIFTS TO ENHANCE THE WORLD-CLASS CARE PROVIDED BY SCVMC'S SPINAL CORD INJURY (SCI) AND THE TRAUMATIC BRAIN INJURY (TBI) UNIT IS A MAJOR PRIORITY, SINCE DOING SO NOT ONLY HELPS PATIENTS OBTAIN THE BEST TREATMENT FOR THESE KINDS OF INJURIES BUT ALSO HELPS ATTRACT PATIENTS WITH PRIVATE INSURANCE. THIS PROGRAM BENEFITS SCVMC FINANCIALLY BEYOND WHAT PHILANTHROPY ALONE CAN DO.TURNING WHEELS FOR KIDS - THE FOUNDATION ENSURES THAT CHILDREN OF LOW-INCOME FAMILIES CAN HAVE A BRAND-NEW BICYCLE, PROMOTING OUTDOOR EXERCISE AND BATTLING THE EPIDEMIC OF CHILDHOOD OBESITY. FOR THE YEARS ENDED DECEMBER 31, 2022, AND 2021, THE VOLUNTEERS WHO RUN THIS INSPIRING PROGRAM BOUGHT, BUILT, AND DISTRIBUTED MORE THAN 880 AND 1,200 BIKES TO CHILDREN IN SILICON VALLEY, RESPECTIVELY. THIS WAS ACCOMPLISHED DESPITE THE FACT THAT GATHERINGS OF ANY SIZE WERE FORBIDDEN DUE TO COVID-19 RELATED RESTRICTIONS. NEONATAL INTENSIVE CARE UNIT (NICU) SUPPORT - SCVMC'S NICU PROVIDES THE HIGHEST LEVEL OF CARE TO HUNDREDS OF TINY, PREMATURE INFANTS EACH YEAR. THE VMC FOUNDATION, WITH THE HELP OF FIRST 5 SANTA CLARA COUNTY, IN SILICON VALLEY, AND OTHER PHILANTHROPISTS, PROVIDE TECHNOLOGY AND SOCIAL SERVICE SUPPORT TO THESE BABIES AND FAMILIES.EDUCATION AND ISSUE ADVOCACY - THE VMC FOUNDATION IS ONE OF THE ONLY METHODS THAT SANTA CLARA COUNTY'S PUBLIC HEALTH AND HOSPITAL SYSTEM HAVE TO PROMOTE THE EXCELLENT AND ESSENTIAL SERVICES IT PROVIDES TO ALL RESIDENTS OF THE COUNTY, REGARDLESS OF ABILITY TO PAY. PUBLIC KNOWLEDGE OF THESE SERVICES, MANY OF WHICH ARE PROVIDED BY THE COUNTY OF SANTA CLARA HEALTH SYSTEM AND NO OTHER HOSPITALS IN THE BAY AREA, CAN HAVE POLICY IMPLICATIONS. FOR THIS REASON, THE VMC FOUNDATION IS DEDICATED TO SUPPORTING COMMUNITY EDUCATION AND OUTREACH ABOUT THE HEALTH SYSTEM'S SERVICES, HOW LOCAL AND NATIONAL POLICY CHANGES MAY AFFECT THE HEALTH SYSTEMS, AND HOW INCREASED UNDERSTANDING OF THE HEALTH SYSTEM'S ROLE IN CARING FOR THE COMMUNITY CAN DRIVE DONATIONS, POLITICAL SUPPORT, AND PUBLIC PERCEPTION. ADDITIONALLY, EXPANDING THE UNDERSTANDING OF HOW ISSUES LIKE COMMUNITY VIOLENCE AND HOMELESSNESS ARE CONSIDERED A HEALTH CRISIS, AND HOW SANTA CLARA COUNTY RESIDENTS CAN HELP SOLVE THESE CRISES HAS BECOME A GROWING PRIORITY.NONPROFIT GRANT PROGRAM: THE COVID-19 NONPROFIT RESILIENCE AND SUSTAINABILITY GRANT PROGRAM AIMS TO STRENGTHEN THE SUSTAINABILITY AND RESPONSIVENESS OF NONPROFITS IN SANTA CLARA COUNTY THAT HAVE BEEN NEGATIVELY IMPACTED BY THE COVID-19 PANDEMIC, WITH A FOCUS ON RACIAL EQUITY. THROUGH THIS FUNDING, WE ENVISION A STRONGER AND MORE VIBRANT NONPROFIT SECTOR, PROVIDING SERVICES TO THE MOST VULNERABLE MEMBERS OF OUR COMMUNITY IN AN EQUITABLE, DIVERSE, RESPECTFUL, AND INCLUSIVE WAY. THIS $10 MILLION GRANT PROGRAM IS FUNDED BY THE COUNTY OF SANTA CLARA THROUGH THE FEDERAL CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS UNDER THE AMERICAN RESCUE PLAN ACT. 4642654 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 72 0 20 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X CHRISTINA SALVATIER 4088855299 2400 CLOVE DRIVE SAN JOSE CA 95128 MARY ANN DEWAN DIRECTOR 1.50 X 0 0 0 AFTAB JAMIL DIRECTOR 1.50 X 0 0 0 BALAJI GOVINDASWAMI DIRECTOR & SECRETARY 3.00 X X 0 0 0 CHRIS WORRALL DIRECTOR 1.50 X 0 0 0 CHRISTINA EGAN DIRECTOR 1.50 X 0 0 0 CHRISTINA ESQUIVEL DIRECTOR 1.50 X 0 0 0 MUHAMMED CHAUDHRY DIRECTOR 1.50 X 0 0 0 DENNIS G LOW DIRECTOR 1.50 X 0 0 0 DOLLY C GOEL DIRECTOR 1.50 X 0 0 0 EARL S JOHNSON DIRECTOR 1.50 X 0 0 0 ELAINE ELKIN DIRECTOR 1.50 X 0 0 0 JACOB ELZIQ DIRECTOR 1.50 X 0 0 0 GLENDA GARCIA DIRECTOR 1.50 X 0 0 0 KIRK WESTBROOK DIRECTOR & TREASURER 3.00 X X 0 0 0 TOM ZAZUETA DIRECTOR 1.50 X 0 0 0 MARCELLE DOUGAN SCD MPH MENG DIRECTOR & BOARD CHAIR 3.00 X X 0 0 0 SUNNY OCHOA DIRECTOR 1.50 X 0 0 0 ALEC RATLIFF DIRECTOR 1.50 X 0 0 0 MICHAEL ELLIOTT PRESIDENT & EXECUTIVE DIRECTOR 40.00 X X 246148 0 13184 CHRISTINA SALVATIER CHIEF FINANCIAL OFFICER 40.00 X 219826 0 16445 CAMIE VANKEUREN CHIEF DEVELOPMENT OFFICER 40.00 X 159396 0 19618 JULIE SURJAN CHIEF EVENTS AND MARKETING OFFICER 40.00 X 135841 0 12768 761211 0 62015 4 0 1 0 0 1400097 528708 5635267 1263768 7564072 PROGRAM SERVICE FEES 900099 60318 60318 60318 261876 261876 63269 -63269 -63269 -63269 323693 1400097 843700 -520007 -520007 150634 187315 -36681 -36681 GAIN ON LIFE INSURANCE 900099 13727 13727 VOLUNTEER AUXILLARY 900099 2968 2968 16695 7283004 23637 0 -304705 1433525 1433525 674619 249923 250966 173730 1078506 469907 344454 264145 44275 20457 16124 7694 223934 55538 127554 40842 120525 50241 39408 30876 610910 610910 16872 521 16351 47436 3529 42828 1079 22356 22356 75775 11654 18266 45855 113096 97409 14751 936 182231 163187 6931 12113 34272 29839 3163 1270 295485 261726 24474 9285 4220 4220 26191 7504 18687 COVID-19 IN KIND EQUIPM 1079821 1079821 PRINTING AND POSTAGE 96902 58592 5060 33250 STAFF TRAINING AND RECO 34925 8988 18700 7237 BANK AND INVESTMENT FEE 17510 15605 466 1439 16399 9558 6241 600 6249785 4642654 976780 630351 407 459 7628061 1600491 303270 18957 497143 935622 115238 58375 136517 68256 29543 19695 14068 9848 6019134 11294669 253120 266847 14966958 14253524 243554 265579 34875 278429 265579 X 3490087 2444453 11198442 11543492 14688529 13987945 14966958 14253524 1033219 -1733803 0 X X 0 1 X 1 0 X 4011069 3986542 25686590 8159417 7564072 49407690 4011069 3986542 25686590 8159417 7564072 49407690 8172779 41234911 13751 72252 110800 159247 261876 617926 50025616 897724 0.82430 0.81260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 1.00000 0 0 29543 19695 9848 9848 VANGUARD 11294669 F 11294669 X 5701859 -1733803 357197 -1376606 7078465 22356 182183 204539 7283004 6402443 357197 357197 6045246 22356 182183 204539 6249785 PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS AND WILL RECOGNIZE A LOSS CONTINGENCY WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGEMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF DECEMBER 31, 2022 MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES GALA EVENT 1163163 926998 236165 16076 149027 23004 257307 STARS AND STRIDES 500483 443126 57357 1919 2370 140644 172553 1 60144 29973 30171 20000 24341 36459 1723790 1400097 323693 37995 175738 163648 466319 843700 -520007 1 COUNTY OF SANTA CLARA HEALTH SYSTEM PO BOX 888414 LOS ANGELES CA 900888414 967350 0 GENERAL SUPPORT TURNINGWHEELS FOR KIDS 2400 CLOVE DRIVE SAN JOSE CA 95128 219608 0 GENERAL SUPPORTGENERAL SUPPORT HEALTHIER KIDS FOUNDATION 4040 MOORPARK AVE SUITE 100 SAN JOSE CA 95117 117600 0 GENERAL SUPPORT JSI RESEARCH & TRAINING INSTITUTE INC 44 FARNSWORTH STREET BOSTON MA 02210 24950 0 GENERAL SUPPORT SJ BRIDGE COMMUNITIES 1226 LOCUST STREET SAN JOSE CA 95110 22000 0 GENERAL SUPPORT SANTA CLARA COUNTY PUBLIC HEALTH DEPT 1775 STORY ROAD SUITE 120 SAN JOSE CA 60532 21725 0 GENERAL SUPPORT SOMOS MAYFAIR 370-B SOUTH KING ROAD SAN JOSE CA 95116 10000 0 GENERAL SUPPORT MARCH OF DIMES PO BOX 18819 ATLANTA GA 31126 10000 0 GENERAL SUPPORT COUNTY OF SANTA CLARA OFFICE OF REENTRY SERVICES 151 W MISSION ST SAN JOSE CA 95110 8211 0 GENERAL SUPPORT 3 9 X X X X X 0 0 0 0 0 0 0 1 0 MICHAEL ELLIOTT PRESIDENT & EXECUTIVE DIRECTOR 246148 0 0 0 0 0 7771 0 5413 0 259332 0 0 0 CHRISTINA SALVATIER CHIEF FINANCIAL OFFICER 209826 0 10000 0 0 0 5895 0 10550 0 236271 0 0 0 CAMIE VANKEUREN CHIEF DEVELOPMENT OFFICER 155396 0 4000 0 0 0 4760 0 14858 0 179014 0 0 0 X 7 10654 FAIR MARKET VALUE X 3750 FAIR MARKET VALUE X 4959 FAIR MARKET VALUE X 3 4286 FAIR MARKET VALUE X 2 800 FAIR MARKET VALUE X 8 1041667 FAIR MARKET VALUE X SERVICES 8 72973 FAIR MARKET VALUE X MERCHANDISE 120 25558 FAIR MARKET VALUE X WINE 32 24688 FAIR MARKET VALUE X ADMISSION TICKET 43 24543 FAIR MARKET VALUE X AIRFARE 1 15000 FAIR MARKET VALUE X FOOD 17 12807 FAIR MARKET VALUE X ELECTRONICS 13 8081 FAIR MARKET VALUE X HOTEL STAY 4 6825 FAIR MARKET VALUE X GIFT CARD 35 3920 FAIR MARKET VALUE X JEWELRY 13 3259 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S AUDIT COMMITTEE REVIEWS FORM 990 BEFORE IT IS FILED. THE AUDIT COMMITTEE, SUBSEQUENT TO ITS REVIEW AND APPROVAL, DISSEMINATES A DRAFT TO THE BOARD FOR FURTHER COMMENTS, PRIOR TO FORMAL FILING. FORM 990, PART VI, SECTION B, LINE 12C REPORTED CONFLICT OF INTEREST IS REVIEWED ANNUALLY AT THE BOARD LEVEL WITH ACTION, IF NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT & EXECUTIVE DIRECTOR AND CFO ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 HTTP://VALLEYHEALTHFOUNDATION.ORG/, GUIDESTAR, AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE FOUNDATION MAINTAINS AN AUDIT COMMITTEE THAT ASSUMES OVERSIGHT OVER THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OVER THE INDEPENDENT ACCOUNTANTS. NO CHANGE TO THE PROCESS OCCURED IN 2022. COUNTY OF SANTA CLARA PO BOX 398414 SAN FRANCISCO CA 941398418 COUNTY CA N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 COUNTY OF SANTA CLARA HEALTH SYSTEM (CSCHS) N 357197 FAIR MARKET VALUE COUNTY OF SANTA CLARA HEALTH SYSTEM (CSCHS) B 967350