Civic Intelligence

Seton Medical Center Foundation

EIN 94-2824033 • 501(c)3 • Woodland Hills, CA

Profile

The mission of seton medical center foundation ("the foundation") is to develop partnerships to support the philanthropic needs of seton medical center ("smc") and seton medical center coastside ("smcc") by raising funds through grants, special events, and donors.

6300 Canoga Avenue 1500WWoodland Hills, CA 91367

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Flat

$0

Flat from 2021

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $65,527 (-100%) from 2021

Expenses

Down

$0

Down $4,503,037 (-100%) from 2021

Net Income

Up

$0

Up $4,437,510 (+100%) from 2021

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $16,717,535Liabilities 2011: $1,940,865Net Assets 2011: $14,776,6702011Assets 2012: $14,369,057Liabilities 2012: $2,925,574Net Assets 2012: $11,443,4832012Assets 2013: $13,150,908Liabilities 2013: $1,884,141Net Assets 2013: $11,266,7672013Assets 2014: $12,066,518Liabilities 2014: $597,068Net Assets 2014: $11,469,4502014Assets 2015: $7,019,945Liabilities 2015: $464,389Net Assets 2015: $6,555,5562015Assets 2016: $5,836,956Liabilities 2016: $228,861Net Assets 2016: $5,608,0952016Assets 2017: $5,859,379Liabilities 2017: $392,369Net Assets 2017: $5,467,0102017Assets 2018: $6,232,003Liabilities 2018: $977,959Net Assets 2018: $5,254,0442018Assets 2019: $5,525,053Liabilities 2019: $784,974Net Assets 2019: $4,740,0792019Assets 2020: $4,444,935Liabilities 2020: $736,431Net Assets 2020: $3,708,5042020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$5.0M$0-$5.0MRevenue 2011: $1,729,847Expenses 2011: $1,050,416Net Income 2011: $679,4312011Revenue 2012: $794,280Expenses 2012: $3,539,081Net Income 2012: -$2,744,8012012Revenue 2013: $775,191Expenses 2013: $1,413,978Net Income 2013: -$638,7872013Revenue 2014: $251,252Expenses 2014: $1,309,176Net Income 2014: -$1,057,9242014Revenue 2015: -$3,771,205Expenses 2015: $1,051,769Net Income 2015: -$4,822,9742015Revenue 2016: $286,649Expenses 2016: $1,209,073Net Income 2016: -$922,4242016Revenue 2017: $256,365Expenses 2017: $397,450Net Income 2017: -$141,0852017Revenue 2018: $324,595Expenses 2018: $504,277Net Income 2018: -$179,6822018Revenue 2019: $137,464Expenses 2019: $651,429Net Income 2019: -$513,9652019Revenue 2020: $29,440Expenses 2020: $1,061,015Net Income 2020: -$1,031,5752020Revenue 2021: $65,527Expenses 2021: $4,503,037Net Income 2021: -$4,437,5102021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.07$4.50$4.44
2020Detailed filing. Detailed filing data is available for this year.$4.44$0.74$3.71$0.03$1.06$1.03
2019Detailed filing. Detailed filing data is available for this year.$5.53$0.78$4.74$0.14$0.65$0.51
2018Detailed filing. Detailed filing data is available for this year.$6.23$0.98$5.25$0.32$0.50$0.18
2017Detailed filing. Detailed filing data is available for this year.$5.86$0.39$5.47$0.26$0.40$0.14
2016Detailed filing. Detailed filing data is available for this year.$5.84$0.23$5.61$0.29$1.21$0.92
2015Detailed filing. Detailed filing data is available for this year.$7.02$0.46$6.56$3.77$1.05$4.82
2014Summary only. Only limited summary data is available for this year.$12.1$0.60$11.5$0.25$1.31$1.06
2013Summary only. Only limited summary data is available for this year.$13.2$1.88$11.3$0.78$1.41$0.64
2012Summary only. Only limited summary data is available for this year.$14.4$2.93$11.4$0.79$3.54$2.74
2011Summary only. Only limited summary data is available for this year.$16.7$1.94$14.8$1.73$1.05$0.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

Fundraising and support services for seton medical center and seton coastside.

The mission of seton medical foundation ("the foundation") was to develop partnerships to support the philanthropic needs of seton medical center ("smc") and seton medical center coastside ("smcc") by raising funds through grants, special events and donors. The entity is in the process of winding down and dissolving.

Program Services

DescriptionGrantsExpenses
THE ENTITY WAS A FUND-RAISING ORGANIZATION WHEN THE SMC AND SMCC WERE IN OPERATION. THE ENTITY RAISED NO FUNDS FOR SMC AND SMCC THIS FISCAL YEAR. THE ENTITY IS IN THE PROCESS OF WINDING DOWN AND DISSOLVING.$0$0
ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING SETON MEDICAL CENTER FOUNDATION, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASES ARE JOINTLY ADMINISTERED UNDER CASE NO. 18-20151 IN THE UNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA. ON SEPTEMBER 4, 2020, THE EFFECTIVE DATE OF THE PLAN OF LIQUIDATION OCCURRED AND THE PLAN WAS CONSUMMATED. ALL CONDITIONS PRECEDENT TO THE EFFECTIVE DATE OF THE PLAN SET FORTH IN SECTION 12.2 OF THE PLAN HAVE EITHER BEEN SATISFIED OR WAIVED IN ACCORDANCE WITH THE PLAN AND THE CONFIRMATION ORDER. COURT FILINGS ARE AVAILABLE AT KCCLLC.NET/VERITYHEALTH.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
HOWARD B GROBSTEINLiquidating Trustee-$0--
Filing and Contact Details

Filer

Filer Name
Seton Medical Center Foundation
EIN
94-2824033
Phone
8185321010
Address
6300 CANOGA AVENUE 1500W, WOODLAND HILLS, CA 91367

Signing Officer

Name
Howard B Grobstein
Title
Liquidating Trustee
Phone
8185321010
Signed
2022-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Grobstein Teeple Llp
Address
6300 CANOGA AVENUE SUITE 1500W, WOODLAND HILLS, CA 91367
Preparer
Kermith Boffill
Phone
8185321020
Raw XML Appendix147 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08185321020
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WOODLAND HILLS
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF SETON MEDICAL FOUNDATION ("THE FOUNDATION") WAS TO DEVELOP PARTNERSHIPS TO SUPPORT THE PHILANTHROPIC NEEDS OF SETON MEDICAL CENTER ("SMC") AND SETON MEDICAL CENTER COASTSIDE ("SMCC") BY RAISING FUNDS THROUGH GRANTS, SPECIAL EVENTS AND DONORS. THE ENTITY IS IN THE PROCESS OF WINDING DOWN AND DISSOLVING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ENTITY WAS A FUND-RAISING ORGANIZATION WHEN THE SMC AND SMCC WERE IN OPERATION. THE ENTITY RAISED NO FUNDS FOR SMC AND SMCC THIS FISCAL YEAR. THE ENTITY IS IN THE PROCESS OF WINDING DOWN AND DISSOLVING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING SETON MEDICAL CENTER FOUNDATION, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASES ARE JOINTLY ADMINISTERED UNDER CASE NO. 18-20151 IN THE UNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA. ON SEPTEMBER 4, 2020, THE EFFECTIVE DATE OF THE PLAN OF LIQUIDATION OCCURRED AND THE PLAN WAS CONSUMMATED. ALL CONDITIONS PRECEDENT TO THE EFFECTIVE DATE OF THE PLAN SET FORTH IN SECTION 12.2 OF THE PLAN HAVE EITHER BEEN SATISFIED OR WAIVED IN ACCORDANCE WITH THE PLAN AND THE CONFIRMATION ORDER. COURT FILINGS ARE AVAILABLE AT KCCLLC.NET/VERITYHEALTH.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SETON MEDICAL CENTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: HOWARD B. GROBSTEIN LIQUIDATING TRUSTEEE
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: THE DIRECTOR OF THE ORGANIZATION WAS ALSO THE DIRECTOR OF THE TRANSFEREE ORGANIZATION, VERITY HEALTH SYSTEM OF CALIFORNIA IN FISCAL YEAR 2021 AND CONTINUED AS DIRECTOR OF BOTH ENTITIES AFTER THE TRANSFER OF ASSETS OCCURED.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING SETON MEDICAL CENTER FOUNDATION, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASES ARE JOINTLY ADMINISTERED UNDER CASE NO. 18-20151 IN THE UNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA. ON SEPTEMBER 4, 2020, THE EFFECTIVE DATE OF THE PLAN OF LIQUIDATION OCCURRED AND THE PLAN WAS CONSUMMATED. ALL CONDITIONS PRECEDENT TO THE EFFECTIVE DATE OF THE PLAN SET FORTH IN SECTION 12.2 OF THE PLAN HAVE EITHER BEEN SATISFIED OR WAIVED IN ACCORDANCE WITH THE PLAN AND THE CONFIRMATION ORDER. COURT FILINGS ARE AVAILABLE AT KCCLLC.NET/VERITYHEALTH.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02022-11-14T16:18:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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