OVERLAKE HOSPITAL FOUNDATION Charity Report

Public IRS 990 nonprofit record

OVERLAKE HOSPITAL FOUNDATION

EIN 91-1050325 · Health Care (E110)

What they do

THE PURPOSE of OVERLAKE HOSPITAL FOUNDATION is to ADVANCE and IMPROVE MEDICAL and HEALTH CARE EXCELLENCE BY PROVIDING FUNDRAISING and OTHER SUPPORT to OVERLAKE MEDICAL CENTER & CLINICS for NEW FACILITIES, MODERN EQUIPMENT and COMPREHENSIVE SERVICES and PROGRAMS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

55.91%of revenue went to mission work80.9% of expenses · Program services

9.02%of revenue went to fundraising13.0% of expenses

$69.11spent for every $100 of revenueRevenue covered expenses this year.

4.19%of revenue went to management and office costs6.1% of expenses

$2.44in assets for every $1 spent this yearSome assets cannot be spent right away.

89.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $575,029 for MARY BETH STEARNS (CHIEF DEVELOPMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$16,358,053

Mission workProgram services$9,145,78055.91% of revenue80.9% of expenses

ManagementOffice and general costs$684,9804.19% of revenue6.1% of expenses

FundraisingAsking for donations$1,475,1069.02% of revenue13.0% of expenses

Revenue left after expensesReported annual surplus$5,052,18730.89% of revenueShown in gray on the chart

Total expenses$11,305,86669.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.9% mission · 6.1% management · 13.0% fundraisingTotal expenses: 69.11% of revenue

2023Expense mix: 83.9% mission · 5.5% management · 10.6% fundraisingTotal expenses: 99.62% of revenue

2022Expense mix: 90.5% mission · 3.5% management · 6.0% fundraisingTotal expenses: 105.42% of revenue

2021Expense mix: 82.6% mission · 6.8% management · 10.5% fundraisingTotal expenses: 94.81% of revenue

2020Expense mix: 87.4% mission · 5.7% management · 6.9% fundraisingTotal expenses: 108.43% of revenue

2019Expense mix: 81.7% mission · 7.4% management · 10.9% fundraisingTotal expenses: 107.70% of revenue

2018Expense mix: 82.2% mission · 7.7% management · 10.1% fundraisingTotal expenses: 72.89% of revenue

2017Expense mix: 73.2% mission · 11.8% management · 14.9% fundraisingTotal expenses: 66.57% of revenue

Money in and money out

Revenue$16,358,053

Expenses$11,305,866

Annual surplus $5,052,187 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,145,780 · 80.9% of expenses

Management and office costs$684,980 · 6.1% of expenses

Fundraising$1,475,106 · 13.0% of expenses

See all reported dollar amounts

Revenue$16,358,053

Expenses$11,305,866

Assets$27,566,438

Income$17,669,029

Contributions$14,671,857

Mission work (program services)$9,145,780

Fundraising$1,475,106

Grants given$77,077,578

Average grant$11,011,083

Management and general$684,980

Executive compensation (total)$475,084

Stocks and bonds$18,293,110

Investing fees$18,004

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARY BETH STEARNSCHIEF DEVELOPMENT OFFICER · 50 hrs/week $575,029Base $494,085 · Other $80,944

STEPHANIE STEWARTDEVELOPMENT DIRECTOR · 40 hrs/week $247,275Base $214,150 · Other $33,125

J MICHAEL MARSHPRESIDENT & CEO THRU 01/25 · 4 hrs/week $151,523Base · Other $151,523

MERIDETH GROSECLOSEMAJOR GIFTS OFFICER · 40 hrs/week $143,221Base $113,136 · Other $30,085

JODI FORSCHMIEDTGRANT WRITING OFFICER · 40 hrs/week $127,931Base $108,959 · Other $18,972

LAURIE RAMACCI-NOEGELINDIVIDUAL GIVING OFFICER · 40 hrs/week $124,703Base $108,970 · Other $15,733

KATIE SIMSINDIVIDUAL GIVING OFFICER · 40 hrs/week $124,428Base $108,709 · Other $15,719

JONATHAN DUARTEPRESIDENT & CEO FROM 01/25 · 5 hrs/week $65,053Base · Other $65,053

PAUL ISHIZUKACHIEF FINANCIAL OFFICER THRU 11/24 $19,073Base · Other $19,073

ANDREW TOKARFORMER OFFICER $17,256Base · Other $17,256

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

MARY BETH STEARNSCHIEF DEVELOPMENT OFFICER

STEPHANIE STEWARTDEVELOPMENT DIRECTOR

J MICHAEL MARSHPRESIDENT & CEO THRU 01/25

MERIDETH GROSECLOSEMAJOR GIFTS OFFICER

JODI FORSCHMIEDTGRANT WRITING OFFICER

LAURIE RAMACCI-NOEGELINDIVIDUAL GIVING OFFICER

KATIE SIMSINDIVIDUAL GIVING OFFICER

JONATHAN DUARTEPRESIDENT & CEO FROM 01/25

PAUL ISHIZUKACHIEF FINANCIAL OFFICER THRU 11/24

ANDREW TOKARFORMER OFFICER

SHERYL GUDAITISSECRETARY

ROHAN KUMARTRUSTEE

TYLER TONKINTRUSTEE

WHITNEY NAKAJIMASECRETARY THRU 12/24

RACHELE BOUCHANDTRUSTEE

YORK HARRISTRUSTEE

AMY MARKEZICHTRUSTEE

PAULINE BACHPAST CHAIR THRU 12/24

YUKA SHIMIZUTRUSTEE

MICHAEL RIDGEWAYTRUSTEE

LEIGHA GRIMALDITRUSTEE

JULIE SUNCHAIR THRU 12/24

JOHN RODGERSTRUSTEE

JEFFREY EULBERGTREASURER

JAMES GREGSONTRUSTEE

CLAIRE SUMADIRWIRYATRUSTEE

CHRISSY YAMADACHIEF FINANCIAL OFFICER FROM 11/24

BENJAMIN LIUTREASURER THRU 12/24, CHAIR

About this charity

Recognized since: January 1979
Location: 1035 116TH AVENUE NE, BELLEVUE, WA 98004
County: King
In care of: JONATHAN DUARTE
Primary officer: JONATHAN DUARTE, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailstephanie.stewart@overlakehospital.org Phone(425) 688-5525 Officer phone(425) 688-5000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLARK NUBER PS
NTEE classification: Health Care (E110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes