2025-11-14T19:51:55+00:00 2024-12-31 346565596 ERNST & YOUNG US LLP 18101 VON KARMAN AVENUE IRVINE CA 92612 990 2024-01-01 953403287 POMONA VALLEY HOSPITAL MEDICAL CENTER FOUNDATION POMO 9098659500 1798 NORTH GAREY AVENUE POMONA CA 91767 RICHARD YOCHUM PRESIDENT/CEO 2025-11-15 true true Kara Adams P00023315 9497942300 2025-11-13 2024 2025-03-06 01:10:19Z RICHARD YOCHUM 1798 NORTH GAREY AVENUE POMONA CA 91767 3985646 false X HTTPS://WWW.PVHMC.ORG X 1979 CA THE MISSION OF POMONA VALLEY HOSPITAL MEDICAL CENTER FOUNDATION IS TO PROVIDE PHILANTROPIC SUPPORT TO POMONA VALLEY HOSPITAL MEDICAL CENTER. 22 19 0 0 0 777654 2601743 0 0 1941882 1383903 0 0 2719536 3985646 5962618 0 0 0 451682 449512 0 0 570652 508655 509046 6922955 958558 -4203419 3027088 32253263 36270589 5602196 5612963 26651067 30657626 SINCE ITS INCORPORATION IN 1979, THE MISSION OF POMONA VALLEY HOSPITAL MEDICAL CENTER FOUNDATION (PVHMC FOUNDATION) HAS BEEN TO CONDUCT A DEVELOPMENT PROGRAM FOR RAISING FUNDS TO FURTHER THE OBJECTIVES OF POMONA VALLEY HOSPITAL MEDICAL CENTER (PVHMC). IN THE HOSPITAL'S 120TH YEAR OF SERVICE, PVHMC FOUNDATION CONTINUES TO PLAY AN INTEGRAL PART IN PROVIDING THE COMMUNITY WITH NATIONALLY RECOGNIZED, HIGH-QUALITY MEDICAL SERVICES. false false 0 0 0 POMONA VALLEY HOSPITAL MEDICAL CENTER FOUNDATION (PVHMC FOUNDATION) IS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF CALIFORNIA. THE MISSION OF PVHMC FOUNDATION IS TO RAISE FUNDS TO SUPPORT THE CAPITAL, EQUIPMENT, AND PROGRAM NEEDS OF POMONA VALLEY HOSPITAL MEDICAL CENTER. IN 2024, PVHMC FOUNDATION SUCCESSFULLY RAISED FUNDS FOR VARIOUS PROJECTS AS DESIGNATED BY THE HOSPITAL BOARD, INCLUDING RAISING FUNDS FOR THE ROBERT AND BEVERLY LEWIS OUTPATIENT PAVILION, THE STEAD HEART AND VASCULAR CENTER, NURSING SCHOLARSHIPS AND THE OB RESIDENCY PROGRAM. ANNUALLY, 85% OF THE INTEREST INCOME FROM THE ENDOWMENT FUNDS IS DISTRIBUTED TO THE HOSPITAL FOR PROJECTS INVOLVING EDUCATION, SCREENINGS AND SUPPORT GROUPS. OTHER FUNDS WERE RAISED FROM PLANNED GIFT ACTIVITY SUCH AS BEQUESTS RECEIVED AND CHARITABLE REMAINDER TRUSTS WRITTEN, TRIBUTE GIFTS, AND UNRESTRICTED GIFTS FROM TWO DIRECT MAIL APPEALS. 0 true true false false false false false false false true true false false false true false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true X 0 0 0 false false false false false true true false false false false false false X 22 19 true false false false true true false true true false false false true true true true true true false true false false CA X JULI HESTER 9098659881 1798 N GAREY AVENUE POMONA CA 91737 Donald Kendrick FIRST VICE CHAIRMAN 2.0 0 X X 0 0 0 M HELLEN RODRIGUEZ MD CHAIRMAN 2.0 2.0 X X 0 0 0 RICHARD YOCHUM PRESIDENT/CEO 4.0 36.0 X X 0 1325581 15248 William M Grant SECOND VICE CHAIRMAN 2.0 0 X X 0 0 0 CURTIS MORRIS DIRECTOR 2.0 2.0 X 0 0 0 ELMER PINEDA MD DIRECTOR 2.0 0 X 0 0 0 Gurbinder S Sadana MD DIRECTOR 2.0 0 X 0 0 0 Harold Damuth Jr MD DIRECTOR 2.0 0 X 0 0 0 HEATHER Davis-Kingston MD DIRECTOR 2.0 0 X 0 0 0 James Kim MD DIRECTOR 2.0 2.0 X 0 10647 0 Jane Goodfellow DIRECTOR - BEG. PARTIAL YEAR 2.0 0 X 0 0 0 Jeffrey W Grant DIRECTOR 2.0 0 X 0 0 0 JENNIFER Y KIM MD DIRECTOR- BEG. PARTIAL YEAR 2.0 2.0 X 0 13013 0 John D Campbell III DIRECTOR 2.0 0 X 0 0 0 Johnson B Lightfoote MD DIRECTOR 2.0 0 X 0 0 0 Keith E Pewe DIRECTOR 2.0 0 X 0 0 0 KEVIN MCCARTHY DIRECTOR 2.0 2.0 X 0 0 0 Peter J Rogers DIRECTOR 2.0 0 X 0 0 0 Prasad A Jeereddi MD DIRECTOR 2.0 0 X 0 0 0 RICHARD CREAN DIRECTOR 2.0 2.0 X 0 0 0 Rose M Erickson DIRECTOR 2.0 2.0 X 0 0 0 Susan J Nuss DIRECTOR 2.0 0 X 0 0 0 JAMES MCL DALE Secretary/ VP OF DEVELOPMENT 0.0 38.0 X 0 351374 40261 JULI HESTER Treasurer 4.0 38.0 X 0 488764 45032 0 2189379 100541 0 false true false Marsherall Partners LLC 154 Cobblestone Ct Suite 174 Victor NY 14564 PROFESSIONAL SERVICES 0 2601743 2601743 0 0 0 0 0 1383903 1383903 0 0 0 0 0 0 0 0 0 3985646 0 0 1383903 394111 0 197055 197055 14410 0 1441 12969 21430 0 2143 19287 19561 0 1956 17605 36378 0 36378 0 125649 0 125649 0 0 0 0 0 114183 0 0 114183 25143 0 2514 22629 OTHER DIRECT 207693 0 20769 186924 0 0 0 0 958558 0 387905 570652 0 4229144 2362365 89397 280398 0 0 0 0 0 8500000 0 8200000 8500000 19734722 25127826 0 0 0 0 0 32253263 36270589 0 0 5602196 5612963 5602196 5612963 X 2627799 4196800 24023268 26460826 26651067 30657626 32253263 36270589 X 3027088 2343754 -1364283 X false true true false X 1967292 2196157 1437901 777654 2601743 8980747 0 0 1967292 2196157 1437901 777654 2601743 8980747 4090962 4889785 324321 1578668 163311 1941882 1383903 5392085 25642 0 0 0 25642 0 0 0 0 0 0 14398474 0 0.33960 0.54465 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7697235 8857 1087194 0 8793286 10837267 76294 17674 3234000 7697235 10952595 12344 -127672 10837267 10876883 64015 11697 10952595 8802080 1201736 873067 10876883 0.1545 0.8455 0.0 false false 8500000 8500000 8500000 Federal Income Taxes CHARITY REMAINDER TRUST OBLIGATIONS 4957172 DUE TO PVHMC 655791 5612963 2401909 578666 0 578666 1823243 125649 2036754 2162403 3985646 832908 0 0 832908 125649 1 125650 958558 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENTS CONSIST OF FUNDS RAISED FOR VARIOUS PROJECTS AS DESIGNATED BY THE HOSPITAL BOARD INCLUDING THE ROBERT AND BEVERLY LEWIS FAMILY CANCER CENTER ENDOWMENT FUND AND THE STEAD HEART AND VASCULAR CENTER ENDOWMENT FUND. ANNUALLY, 85% OF THE INTEREST INCOME FROM THE CANCER CENTER ENDOWMENT FUND IS DISTRIBUTED TO THE HOSPITAL FOR PROJECTS INVOLVING EDUCATION, SCREENINGS AND SUPPORT GROUPS. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ADJUSTMENT TO CONTRIBUTION REVENUE - -210134 RESTRICTED DIVIDENDS - 66961 RESTRICTED CONTRIBUTIONS - 2179927 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Rounding - 1 false true false false false false false false false RICHARD YOCHUM PRESIDENT/CEO 0 911177 0 0 0 414404 0 -4616 0 19864 0 1340829 0 305637 JAMES MCL DALE Secretary/ VP OF DEVELOPMENT 0 350654 0 0 0 720 0 15846 0 24415 0 391635 0 0 JULI HESTER Treasurer 0 486700 0 0 0 2064 0 30500 0 14532 0 533796 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation POMONA VALLEY HOSPITAL MEDICAL CENTER (PVHMC) DETERMINES THE COMPENSATION ON BEHALF OF THE FOUNDATION FOR THE PRESIDENT/CEO OF THE FOUNDATION. THE METHODS USED BY PVHMC TO SET EXECUTIVE COMPENSATION INCLUDE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, AND APPROVAL BY THE COMPENSATION COMMITTEE. PLEASE SEE THE NARRATIVE FOR PART VI, LINE 15A FOR A DESCRIPTION OF THE PROCESS. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The hospital has employment contracts with Mr. Yochum. Mr. Yochum's contract provides for a payment of 7.23 times his annual cash compensation if he remains employed until the end of the contract. In the event of voluntary termination or termination for cause, all benefits under the contract are forfeited. In the event of early termination because of death or disability, a prorated benefit would be paid. The contract affirms the board of directors has the right to terminate the contract, with or without cause, at its discretion, and provides a formula for calculating the severance payment in the event of involuntary termination. Once the employee has met all vesting requirements, and the amount is not subject to substantial risk of forfeiture, the amount is included in other reportable compensation (schedule J, Part II, B(iii)). RICHARD YOCHUM RECEIVED A DEFERRED COMPENSATION PAYOUT OF $402,303 IN 2024 OF WHICH $305,637 WAS REPORTED ON PRIOR YEAR'S FORM 990. Form 990, Part III, Line 1 MISSION, CONTINUED THE PVHMC FOUNDATION'S FIRST FULL YEAR OF REPORTED FUNDRAISING ACTIVITY BEGAN IN 1981, AND IN 1984 - ONLY THREE YEARS LATER - IT RAISED MORE THAN $1 MILLION FOR THE FIRST TIME. IN 1986, THE HOSPITAL RECOGNIZED THE NEED IN THE COMMUNITY TO DEVELOP A COMPREHENSIVE HEART AND VASCULAR PROGRAM. WITH A HISTORY OF MEDICAL MILESTONES IN HEART CARE, THE HOSPITAL, AIDED BY THE FOUNDATION, OPENED THE FIRST COMPREHENSIVE HEART AND VASCULAR FACILITY IN THE REGION - THE STEAD HEART CENTER, NAMED IN MEMORY OF CHARLES AND MARION STEAD. THIS CENTER OF EXCELLENCE WAS THE SITE OF THE REGION'S FIRST OPEN-HEART SURGERY AND CARDIAC CATHETERIZATION. FROM 1990 TO 1995, THE FOUNDATION UNDERTOOK ITS LARGEST CAMPAIGN TO DATE. SIX MILLION WAS NEEDED TO PROVIDE THE HOSPITAL WITH ENOUGH FUNDS TO BUILD A COMPREHENSIVE, FREESTANDING CANCER CENTER PREVIOUSLY UNAVAILABLE IN THE RAPIDLY GROWING COMMUNITY. THE FOUNDATION SURPASSED ITS ORIGINAL GOAL, HOWEVER, AND RAISED ANOTHER $5 MILLION TO EQUIP THE FACILITY AND BEGIN AN ENDOWMENT FOR PATIENT SUPPORT SERVICES. THE ROBERT AND BEVERLY LEWIS FAMILY, FOR WHOM THE CANCER CARE CENTER IS NAMED, MADE THE SUCCESS OF THE CAMPAIGN POSSIBLE. BY THE LATE 1990'S, THE FOUNDATION WAS PROVIDING REGULAR ANNUAL SUPPORT TO THE HOSPITAL FOR THE PURCHASE OF THE LATEST EQUIPMENT IN ORDER TO TREAT THE DIVERSE MEDICAL NEEDS OF THE COMMUNITY. DURING THIS PERIOD, A VARIETY OF FUNDS WAS ESTABLISHED, INCLUDING THE ROBERT AND BEVERLY LEWIS FAMILY CANCER CARE CENTER ENDOWMENT AND THE STEAD HEART AND VASCULAR CENTER ENDOWMENT, TO SUPPLEMENT THE SUPPORT SERVICES PROVIDED TO MANY DIFFERENT PATIENT GROUPS. THIS SUPPORT WAS EXTENDED TO INCLUDE THE HOSPITAL'S MEDICAL LIBRARY AND COMMUNITY HEALTH CONFERENCES. IN 2001, WITH A VOLATILE STOCK MARKET AND SLOWING NATIONAL ECONOMY, THE FOUNDATION BEGAN ANOTHER CAMPAIGN TO FUND A STATE-OF-THE-ART CARDIAC CATHETERIZATION LABORATORY. IN 2004, AFTER RAISING $8.6 MILLION, THE CAMPAIGN WAS COMPLETED WITH THE OPENING OF THE NEW LABORATORY AND A DEDICATED CARDIAC SURGERY SUITE. THIS NEW FACILITY ALLOWS CARDIOLOGISTS AND CARDIAC SURGEONS TO WORK MORE CLOSELY TOGETHER, AND TO PROVIDE FASTER RESPONSE IN CARDIAC EMERGENCIES. IN 2021, COVID-19 WAS STILL IMPACTING ALL OPERATIONS OF THE HOSPITAL, INCLUDING FUND DEVELOPMENT. DESPITE COVID-19, THE COMMUNITY CONTINUED TO BE GENEROUS WITH $2.5 MILLION RAISED. THE FOUNDATION RECEIVED A CASH GIFT OF $1 MILLION TO HELP FUND A NEW MRI FOR THE HOSPITAL ALONG WITH $500,000 IN CASH AND A $500,000 PLEDGE TO HELP FUND THE HOSPITAL'S NEW MEDICAL EXECUTIVE OFFICES AND PHYSICIAN LOUNGE. WHILE THE FOUNDATION HAS RAISED MORE THAN $77 MILLION SINCE ITS INCEPTION, THERE WILL BE NO SHORTAGE OF FUNDRAISING OPPORTUNITIES IN THE YEARS TO COME WITH THE CHALLENGES OF THE CURRENT ECONOMY AND THE UNCERTAINTY OF THE EFFECT OF HEALTHCARE REFORM. IN ORDER TO STAY AHEAD, THE FOUNDATION IS EMBARKING ON THE DEVELOPMENT OF UPDATED PROGRAMS IN PLANNED GIVING, GRANTS, ANNUAL GIVING, SPECIAL EVENTS AND MAJOR GIFTS. AS REIMBURSEMENTS CONTINUE TO BE REDUCED FOR HOSPITAL SERVICES, PHILANTHROPY IS GOING TO HAVE TO FILL THE GAP AND PROVIDE MORE FOR THE HOSPITAL TO BE ABLE TO MAINTAIN ITS LEADING EDGE IN THE PROVISION OF HEALTHCARE TO THE COMMUNITY. Form 990, Part IV, Line 18 Fundraising Events DUE TO ONGOING RESTRICTIONS IN THE HEALTHCARE SPACE, THE ORGANIZATION DID NOT USE ANY VOLUNTEERS OR HAVE ANY NORMAL FUNDRAISING EVENTS IN 2023. SEVERAL VIRTUAL AND MAIL CAMPAIGNS WERE CONDUCTED IN 2023, AND ALL FUNDRAISING EXPENSES LISTED RELATE TO THOSE CAMPAIGNS. Form 990, Part V, Line 2a POWER TO ELECT OR APPOINT MEMBERS POMONA VALLEY HOSPITAL MEDICAL CENTER (THE MEDICAL CENTER) ISSUES THE FORMS W-2 ON BEHALF OF THE FOUNDATION. THE FOUNDATION REIMBURSES THE MEDICAL CENTER FOR THE COSTS ASSOCIATED WITH THE COMPENSATION OF CURRENT OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES AND THESE COSTS ARE REPORTED ON PART IX. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons WILLIAM GRANT AND JEFFREY GRANT - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERSHIP OF THIS CORPORATION CONSISTS OF THE MEMBERS OF THE BOARD OF DIRECTORS OF PVHMC AND THE BOARD OF DIRECTORS OF PVHMC FOUNDATION. THESE MEMBERS ELECT THE GOVERNING BOARD OF PVHMC FOUNDATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE MEMBERSHIP OF THIS CORPORATION CONSISTS OF THE MEMBERS OF THE BOARD OF DIRECTORS OF PVHMC AND THE BOARD OF DIRECTORS OF PVHMC FOUNDATION. THESE MEMBERS ELECT THE GOVERNING BOARD OF PVHMC FOUNDATION. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS ELECTRONICALLY PRIOR TO FILING. THE INTERNAL REVIEW PROCESS INCLUDES (A) PREPARATION OF THE FINANCIAL DATA BY HOSPITAL PERSONNEL, AND (B) SURVEYS OF DIRECTORS, OFFICERS AND KEY EMPLOYEES REGARDING INFORMATION IN RESPONSE TO QUESTIONS IN PART VI. THIS INFORMATION IS DISCLOSED IN SCHEDULE L. THE COMPLETED 990 IS REVIEWED FOR OVERALL COMPLETENESS AND ACCURACY BY THE EXECUTIVE VP AND CFO. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST STATEMENTS ARE SENT TO EACH BOARD MEMBER. THE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE BYLAWS OF THE FOUNDATION. THE SUBMITTED STATEMENTS ARE THEN REVIEWED BY THE OFFICERS OF THE FOUNDATION BOARD (THE CHAIRMAN AND THE TWO VICE CHAIRMEN) AND PRESENTED TO THE FULL BOARD AT THE ANNUAL ORGANIZATIONAL MEETING OF THE BOARD. ANY CONFLICT OF CONCERN IS ADDRESSED BY THE OFFICERS AND DISCUSSED BY THE FULL BOARD AT THE ANNUAL ORGANIZATIONAL MEETING. THEREAFTER, IT IS THE RESPONSIBILITY OF EACH BOARD MEMBER TO RAISE AN ISSUE OF POTENTIAL CONFLICT TO THE BOARD AND/OR ITS OFFICERS FOR DISPOSITION. IF A CONFLICT IS DEEMED TO EXIST, THE MEMBER IS EXCUSED FROM THE MEETING AND/OR TOPIC WHERE THE CONFLICT EXISTS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE FOLLOWING PROCESS IS COMPLETED BY A RELATED ORGANIZATION, POMONA VALLEY HOSPITAL MEDICAL CENTER (PVHMC), TO DETERMINE COMPENSATION OF THE PRESIDENT/CEO AND OTHER OFFICERS OF POMONA VALLEY HOSPITAL MEDICAL CENTER FOUNDATION (PVHMC FOUNDATION). THE PVHMC BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS AND DETERMINES THE COMPENSATION OF THE CEO. ITS DETERMINATION OF THE CEO'S COMPENSATION IS BASED UPON A TRI ANNUAL REVIEW AND REPORT OF THE CEO'S AND OTHER SENIOR EXECUTIVES COMPENSATION COMPARED TO INDUSTRY PRACTICE. IN 2024 THE COMPENSATION COMMITTEE RELIED ON THIS REPORT FOR THEIR ANNUAL REVIEW. THE COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE MINUTES OF THE COMPENSATION COMMITTEE. Form 990, Part VI, Line 19 Required documents available to the public THE FOUNDATION MAKES ITS GOVERNING DOCUMENTATION, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN CHARITABLE REMAINDER TRUST OBLIGATIONS - -1364283; Total - -1364283; POMONA VALLEY HOSPITAL MEDICAL CENTER 1798 NORTH GAREY AVENUE POMONA CA 91767 951115230 HOSP GEN SVCS CA 501(c)(3) 3 NA false THE AUXILIARY OF PVHMC 1798 NORTH GAREY AVENUE POMONA CA 91767 956053224 SUPPORT PVHMCF CA 501(c)(3) Type III-FI NA false CRT'S (10) SUPPORT CA NA Trust false true true false false false false false false false false false false false true true false false false