PROVIDENCE LITTLE COMPANY OF MARY FOUNDATION

EIN: 510224944 501(c)(3) Philanthropy & Grantmaking

TORRANCE, CA

Total Revenue
$24,648,143
Total Expenses
$17,369,185
Total Assets
$124,001,527
Net Assets
$122,865,402
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CA
Principal Officer
KENYA BECKMANN
Phone
9493814921
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE LITTLE COMPANY OF MARY FOUNDATION, founded in 1975, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $24.6M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.3M, a strong 30% operating margin.

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Program Service Accomplishments

Program 1
Expenses: $12,710,528 Revenue: $0

AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...

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AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY. TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES: -PROVIDENCE ACROSS SEVEN WESTERN STATES -COVENANT HEALTH IN WEST TEXAS -PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA -KADLEC IN SOUTHEAST WASHINGTON -PACIFIC MEDICAL CENTERS IN SEATTLE, WA -SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND. THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES. WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDS PROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS. PROGRAM SERVICE ACCOMPLISHMENTS PROVIDENCE LITTLE COMPANY OF MARY FOUNDATION RAISES FUNDS FOR MEDICAL CENTERS IN THE SOUTH BAY AREA OF LOS ANGELES, INCLUDING PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER TORRANCE AND PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER SAN PEDRO. THE MEDICAL CENTERS ARE PART OF PROVIDENCE HEALTH SYSTEM - SOUTHERN CALIFORNIA. THEY ARE COMMITTED TO THEIR MISSIONS OF CONTINUING THE HEALING MINISTRY OF JESUS IN THE WORLD OF TODAY, WITH SPECIAL CONCERN FOR THOSE WHO ARE POOR AND VULNERABLE. THE MEDICAL CENTERS WORK IN PARTNERSHIP WITH COMMUNITY ORGANIZATIONS TO REACH OUT TO THOSE IN NEED. THROUGH THESE COLLABORATIVE EFFORTS, THEY IMPROVE ACCESS TO HEALTH CARE AND PROVIDE HEALTH EDUCATION RESOURCES IN THE SURROUNDING COMMUNITIES. DURING 2023, SOME OF THE GRANTS PAID TO PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER TORRANCE WERE USED FOR CAPITAL SUPPORT ($2,146,265). THESE GRANTS INCLUDED PROJECTS SUCH AS ACC TIMESHARE DEVELOPMENT ($1,395,581) RETRO FITTING OF MRI ($339,619), AND THE HUNT LEGACY SUITE ($312,689). OTHER GRANTS TO PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER TORRANCE WERE USED FOR THE ANESTHESIA PROGRAM ($1,649,999), AND CARDIOVASCULAR SERVICES ($1,008,587). DURING 2023, SOME OF THE GRANTS PAID TO PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER SAN PEDRO WERE USED FOR CAPITAL SUPPORT ($215,938). THESE GRANTS INCLUDED AN EMERGENCY ROOM REMODEL ($158,497). OTHER GRANTS TO PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER SAN PEDRO WERE USED FOR THE SUB ACUTE CARE CENTER ($1,237.772). OTHER PROGRAMS SUPPORTED AT THE TWO MEDICAL CENTERS DURING 2023 INCLUDED THE WELCOME BABY PROGRAM ($1,577,885), AND OTHER PROGRAMS TO BENEFIT THE COMMUNITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,985,702
Program Service Revenue $0
Investment Income $3,587,446
Other Revenue $74,995
TOTAL REVENUE $24,648,143

Expense Breakdown

Grants Paid $12,710,528
Salaries & Benefits $2,005,890
Fundraising Expenses $3,405,060
Program Expenses $12,710,528
Other Expenses $2,652,767
TOTAL EXPENSES $17,369,185

Year-over-Year Comparison

2023 2022 Change
Revenue $24,648,143 $32,063,835 -0.2%
Expenses $17,369,185 $17,597,564 0.0%
Net Income $7,278,958 $14,466,271 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
23
Employees
N/A
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,534,307
Total Directors
24
$1,109,444
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENYA BECKMANN REGIONAL CHIEF PHILANTHROPY OFFICER 25.00
Officer Director
$0 $136,388 $1,109,444
KURT HINRICHSEN CHIEF PHILANTHROPY OFFICER 50.00
Officer
$0 $36,720 $424,863
KATHLEEN ECKERT CHAIR 1.00
Officer Director
$0 $0 $0
MARY ANN WALKER VICE CHAIR 1.00
Director
$0 $0 $0
RICH SEVERA MD TREASURER 1.00
Officer Director
$0 $0 $0
AMY HOGAN TRUSTEE 0.50
Director
$0 $0 $0
MARK PAULLIN SECRETARY 1.00
Officer Director
$0 $0 $0
CAROLINE BURKE TRUSTEE 0.50
Director
$0 $0 $0
CHRIS CARAS JR TRUSTEE 0.50
Director
$0 $0 $0
DAVE MCINTYRE TRUSTEE 0.50
Director
$0 $0 $0
JAMES MOLLENKAMP MD TRUSTEE 0.50
Director
$0 $0 $0
JESSICA HENRY TRUSTEE 0.50
Director
$0 $0 $0
JOHN COLICH TRUSTEE 0.50
Director
$0 $0 $0
KENT SHOJI MD TRUSTEE 0.50
Director
$0 $0 $0
LINDA WENGLIKOWSKI TRUSTEE 0.50
Director
$0 $0 $0
MAURA MIZUGUCHI TRUSTEE 0.50
Director
$0 $0 $0
MILES SHAW MD TRUSTEE 0.50
Director
$0 $0 $0
NINA TARNAY TRUSTEE 0.50
Director
$0 $0 $0
REGINALD HARPUR TRUSTEE 0.50
Director
$0 $0 $0
ROBERT CHAVEZ MD TRUSTEE 0.50
Director
$0 $0 $0
SAMEER MISTRY MD TRUSTEE 0.50
Director
$0 $0 $0
SISTER TERRENCE LANDINI LCM TRUSTEE 0.50
Director
$0 $0 $0
STEPHAN MORIKAWA TRUSTEE 0.50
Director
$0 $0 $0
TODD TYDLASKA TRUSTEE 0.50
Director
$0 $0 $0
TRACY NICKL TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $24,648,143 $17,369,185 $124,001,527 $7,278,958
2022 $32,063,835 $17,597,564 $106,965,045 $14,466,271
2021 $18,031,300 $8,531,822 $121,035,875 $9,499,478
2020 $22,810,166 $14,986,217 $106,138,932 $7,823,949
2019 $18,906,299 $17,128,082 $91,374,782 $1,778,217
2018 $18,374,972 $11,367,309 $78,627,255 $7,007,663
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