United Health Services Foundation Inc
- Assets
- $36.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Binghamton, NY
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 16-1199153
Organization Overview
United Health Services Foundation Inc is located in Binghamton, NY. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, United Health Services Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Health Services Foundation Inc 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 12/2021, United Health Services Foundation Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, United Health Services Foundation Inc has awarded 28 individual grants totaling $5,558,529. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITED HEALTH SERVICES FOUNDATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION LOCATED IN BINGHAMTON, NEW YORK. THE FOUNDATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSE, AND IS PRIMARILY SUPPORTED BY CONTRIBUTIONS. THE CONTRIBUTIONS ARE USED TO PURCHASE EQUIPMENT, EDUCATIONAL MATERIALS AND TO FUND CAPITAL IMPROVEMENT PROJECTS, AS WELL AS, SUPPORT THE HOSPITAL RELATIONS WITH THE COMMUNITY. THE PRIMARY BENEFICIARIES OF SUCH GRANTS ARE UNITED HEALTH SERVICES, INC., IDEAL SENIOR LIVING CENTER, INC. AND TWIN TIER HOME HEALTH, INC. THESE ORGANIZATIONS PROVIDE A BROAD RANGE OF HEALTH CARE SERVICES IN THE GREATER BINGHAMTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO UNITED HEALTH SERVICES, INC. IDEAL LIVING CENTER AND TWIN TIER HOME HEALTH FOR A VARIETY OF PURPOSES INCLUDING FACILITY IMPROVEMENTS, EQUIPMENT PURCHASES, COMMUNITY HEALTH PROGRAMS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Jacobs Executive Director | Officer | 40 | $155,957 |
Dan Spence Trustee/secretary | OfficerTrustee | 1 | $0 |
Ed Morton Trustee/treasurer | OfficerTrustee | 1 | $0 |
Kim Potter Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Sam Lupo Trustee/chair | OfficerTrustee | 1 | $0 |
Mary Ward Trustee/member-At-Large | OfficerTrustee | 1 | $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 | $3,499,339 |
| Noncash contributions included in lines 1a–1f | $347,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,499,339 |
| Total Program Service Revenue | $0 |
| Investment income | $663,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,476,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,639,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $918,138 |
| Grants and other assistance to domestic individuals. | $106,221 |
| 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 | $327,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,043 |
| Payroll taxes | $23,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,113 |
| Fees for services: Other | $5,839 |
| Advertising and promotion | $0 |
| Office expenses | $4,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973 |
| Insurance | $0 |
| All other expenses | $19,011 |
| Total functional expenses | $1,633,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,657,602 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,406 |
| Net Land, buildings, and equipment | $2,158 |
| Investments—publicly traded securities | $33,579,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,338,819 |
| Accounts payable and accrued expenses | $74,925 |
| 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 | $0 |
| Total liabilities | $74,925 |
| Net assets without donor restrictions | $17,333,097 |
| Net assets with donor restrictions | $18,930,797 |
| 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 | $36,338,819 |
Grants Awarded
Over the last fiscal year, United Health Services Foundation Inc has awarded $918,138 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Binghamton, NY PURPOSE: FACILITY IMPROVEMENT, EQUIPMENT & PROGRAMS | $855,413 |
Endicott, NY PURPOSE: RENT SUBSIDY | $54,000 |
Johnson City, NY PURPOSE: PATIENT EQUIPMENT AND SUPPLIES | $8,725 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that United Health Services Foundation Inc has recieved totaling $2,914,473.
| Awarding Organization | Amount |
|---|---|
Decker Foundation Binghamton, NY PURPOSE: CONSTRUCT A 6-STORY ADDITION | $2,000,000 |
Decker Foundation Binghamton, NY PURPOSE: CONSTRUCT A 6-STORY ADDITION | $500,000 |
Conrad And Virginia Klee Fdn Inc Binghamton, NY PURPOSE: UNRESTRICTED OPERATING | $250,000 |
Security Mutual Life Insurance Company Flood Relief Charitable Tr Binghamton, NY PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $54,573 |
Broome County Community Charities Inc Endicott, NY PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Miller S And Adelaide S Gaffney Foundation Elmira, NY PURPOSE: 3 YEAR GRANT | $50,000 |
Endowment Analysis
| Beg. Balance | $10,087,907 |
| Earnings | $1,067,296 |
| Net Contributions | $16,655 |
| Other Expense | $611,181 |
| Ending Balance | $10,560,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
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 |
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 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |