Riddle Healthcare Foundation
- Assets
- $69.7m
- Revenue
- $5.7m
- Investments
- $41.8m
- Employees
- 0
- Location
- Media, PA
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 04-3601189
Organization Overview
Riddle Healthcare Foundation is located in Media, PA. The organization was established in 2002. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riddle Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Riddle Healthcare Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES FUNDRAISING AND DEVELOPMENT ACTIVITIES TO SUPPORT RIDDLE MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES CONSIST OF FUNDS DISBURSED IN SUPPORT OF RIDDLE MEMORIAL HOSPITAL IN ACCORDANCE WITH DONOR INTENT; E.G. COMMUNITY EDUCATION, CAPITAL PURCHASES, AND SUPPORT FOR OTHER HOSPITAL PROGRAMS, SUCH AS WOMEN'S HEALTH, ONCOLOGY, AND COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Buck President & Ex-Officio Trustee | OfficerTrustee | 1 | $0 |
Donald P Saleski Chairman | OfficerTrustee | 1 | $0 |
Theresa F Murtagh ESQ Secretary | OfficerTrustee | 1 | $0 |
Richard D Wood III Vice Chairman | OfficerTrustee | 1 | $0 |
William J O'shea Treasurer | OfficerTrustee | 1 | $0 |
Daniel R Green Asst Secretary | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,113,534 |
| Noncash contributions included in lines 1a–1f | $52,081 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,113,534 |
| Total Program Service Revenue | $0 |
| Investment income | $2,676,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $952,871 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $909 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,743,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,011,225 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $826,210 |
| Total functional expenses | $1,919,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,592,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,459,456 |
| Accounts receivable, net | $31,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,183 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,804,000 |
| Investments—publicly traded securities | $6,146,016 |
| Investments—other securities | $41,759,093 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,855,636 |
| Total assets | $69,668,539 |
| Accounts payable and accrued expenses | $54,169 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $383,959 |
| Total liabilities | $438,128 |
| Net assets without donor restrictions | $23,024,905 |
| Net assets with donor restrictions | $46,205,506 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,668,539 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Riddle Healthcare Foundation has recieved totaling $489,298.
| Awarding Organization | Amount |
|---|---|
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $390,000 |
Concord Foundation Chester Heights, PA PURPOSE: DONATION | $35,000 |
Chester County Community Foundation Inc West Chester, PA PURPOSE: HEALTH | $14,692 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,000 |
The Foundation For Delaware County Media, PA PURPOSE: CAPITAL CAMPAIGN GIFT | $10,000 |
The Foundation For Delaware County Media, PA PURPOSE: CAPITAL CAMPAIGN GIFT | $10,000 |
Endowment Analysis
| Beg. Balance | $27,848,699 |
| Ending Balance | $27,848,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |