Pacific Hospital Preservation & Development Authority in Seattle, Washington (WA)

Pacific Hospital Preservation & Development Authority
Employer Identification Number (EIN)	911153993
Name of Organization	Pacific Hospital Preservation & Development Authority
Address	1200 12th Ave S Qtrs 2, Seattle, WA 98144
Activities	Hospital
Subsection	Charitable Organization
Ruling Date	05/2006
Deductibility	Contributions are deductible
Foundation	Governmental unit
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	2012
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount	$22,291,414
Amount of Income	$107,665,511
Form 990 Revenue Amount	$107,665,511
National Taxonomy of Exempt Entities (NTEE)	Public, Society Benefit - Multipurpose and Other: Public, Society Benefit - Multipurpose and Other (Not Elsewhere Classified)

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

	2000	2001	2002
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$144,773,186	$130,107,792	$107,665,511
Contributions, gifts, grants, and similar amounts received	$660,882	$596,378	$217,311
Contributions to donor advised funds
Direct public support	$339,144	$336,366	$110,254
Indirect public support	$0	$0	$0
Government contributions (grants)	$321,738	$260,012	$107,057
Program service revenue including government fees and contracts	$137,515,104	$127,671,817	$106,080,038
Membership dues and assessments	$0	$0	$0
Interest on savings and temporary cash investments	$1,020,238	$489,822	$101,213
Dividends and interest from securities	$0	$0	$0
Net rental income or (loss)	$1,266,910	$1,323,411	$1,317,647
Gross rents	$1,728,802	$1,785,303	$1,779,539
Less: rental expenses	$461,892	$461,892	$461,892
Other investment income	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$-114,157	$-159,713	$-50,698
Gross amount from sales of assets other than inventory	$20,000	$19,500	$38,500
Less: cost or other basis and sales expenses	$134,157	$179,213	$89,198
Net income or (loss) from special events and activities	$0	$0	$0
Gross revenue	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0
Less: cost of goods sold	$0	$0	$0
Other revenue	$4,424,209	$186,077	$0
Total expenses	$152,045,853	$139,124,493	$106,114,334
Program services	$114,146,975	$103,551,728	$75,688,005
Management and general	$37,898,878	$35,572,765	$30,426,329
Fundraising	$0	$0	$0
Payments to affiliates	$0	$0	$0
Net assets or fund balances at end of year	$28,671,839	$20,740,237	$22,291,414
Excess or (deficit) for the year	$-7,272,667	$-9,016,701	$1,551,177
Net assets or fund balances at beginning of year	$35,944,506	$28,671,839	$20,740,237
Other changes in net assets or fund balances	$0	$1,085,099	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2002)
Total functional expenses	$106,114,334	$75,688,005	$30,426,329	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$3,348,423	$1,439,822	$1,908,601	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$25,821,542	$11,748,414	$14,073,128	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$6,273,340	$2,480,448	$3,792,892	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$5,353,854	$33,150	$5,320,704	$0
Supplies	$14,415,705	$13,964,419	$451,286	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$3,791,271	$3,103,766	$687,505	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$246,308	$0	$246,308	$0
Depreciation, depletion, etc.	$2,761,535	$1,139,544	$1,621,991	$0
Other expenses not covered above	$44,102,356	$41,778,442	$2,323,914	$0

	2000	2001	2002
Balance Sheets
Total assets	$64,435,280	$53,332,341	$45,536,922
Cash - non-interest-bearing	$0	$7,293,163	$2,756,547
Savings and temporary cash investments	$15,634,142	$0	$0
Accounts receivable less allowance for doubtful accounts	$2,662,476	$3,639,332	$2,462,271
Pledges receivable less allowance for doubtful accounts	$0	$0	$0
Grants receivable	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$41,557	$0	$0
Inventories for sale or use	$771,409	$189,120	$28,612
Prepaid expenses and deferred charges	$1,579,792	$921,996	$953,867
Investments - publicly-traded securities
Investments - other securities	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0
Investments - other	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$40,824,228	$38,659,869	$35,721,196
Other assets, including program-related investments	$2,921,676	$2,628,861	$3,614,429
Total liabilities	$35,763,441	$32,592,104	$23,245,508
Accounts payable and accrued expenses	$11,942,845	$11,887,196	$9,434,922
Grants payable	$0	$0	$0
Deferred revenue	$2,908,547	$2,714,587	$2,347,726
Loans from officers, directors, trustees, and key employees	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Mortgages and other notes payable	$3,502,370	$3,148,186	$2,764,606
Other liabilities	$17,409,679	$14,842,135	$8,698,254
Total liabilities and net assets/fund balances	$64,435,280	$53,332,341	$45,536,922
Total net assets or fund balances	$28,671,839	$20,740,237	$22,291,414

	2000	2001	2002
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$130,107,792	$107,665,511
Total revenue, gains, and other support per audited financial statements	$0	$130,267,505	$107,419,203
Other expenses	$0	$0	$-246,308
Net unrealized gains on investments	$0	$0	$0
Donated services and use of facilities	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0
Other	$0	$0	$-246,308
Other revenue	$0	$-159,713	$0
Investment expenses	$0	$0	$0
Other	$0	$-159,713	$0

	2000	2001	2002
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$139,124,493	$106,114,334
Total expenses and losses per audited financial statements	$0	$139,284,206	$105,868,026
Other revenue	$0	$159,713	$0
Donated services and use of facilities	$0	$0	$0
Prior year adjustments	$0	$0	$0
Losses	$0	$0	$0
Other	$0	$159,713	$0
Other expenses	$0	$0	$246,308
Investment expenses	$0	$0	$0
Other	$0	$0	$246,308

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	561

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2002)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$1,368,162	$106,080,038
Program service revenue
Program service revenue 1	000000	$0	00	$0	$122,008,109
Program service revenue 2	000000	$0	00	$0	$-15,928,071
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$101,213	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$1,317,647	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-50,698	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
$261,167	$11,163	$0
$239,202	$11,000	$0
$240,650	$10,468	$0
$254,394	$11,000	$0
$225,430	$9,017	$0

Total number of other employees paid over $50,000	148

Total number of other employees paid over $50,000

148

Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Hospital, or a cooperative hospital service organization

	1999	2000	2001
Support Schedule
Total	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0
Membership fees received	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0
Other income	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures	$105,868,026
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$105,868,026
Lobbying nontaxable amount	$1,000,000
Grassroots nontaxable amount	$250,000

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