United Health Services Foundation Inc
- Assets
- $32.7m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Binghamton, NY
- Founding
- 11/1983
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, United Health Services Foundation Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 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 33 individual grants totaling $6,289,280. 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
2022
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 |
|---|---|---|---|
Dawn Lanouette Trustee | Trustee | 1 | $0 |
Dan Spence Trustee/secretary | OfficerTrustee | 1 | $0 |
Derek Russell Trustee/treasurer | OfficerTrustee | 1 | $0 |
Ed Morton Trustee | Trustee | 1 | $0 |
Joe Mirabito Trustee | Trustee | 1 | $0 |
Jim Mcduffee Trustee | Trustee | 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 | $3,232,514 |
| Noncash contributions included in lines 1a–1f | $145,884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,232,514 |
| Total Program Service Revenue | $0 |
| Investment income | $633,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,710,329 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,576,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $730,751 |
| Grants and other assistance to domestic individuals. | $76,262 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,501 |
| Compensation of current officers, directors, key employees. | $90,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,167 |
| Fees for services: Other | $4,375 |
| Advertising and promotion | $0 |
| Office expenses | $4,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,840 |
| 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 | $747 |
| Insurance | $0 |
| All other expenses | $23,354 |
| Total functional expenses | $1,529,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,895,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,040,480 |
| 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 | $9,036 |
| Net Land, buildings, and equipment | $1,411 |
| Investments—publicly traded securities | $28,790,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,736,914 |
| Accounts payable and accrued expenses | $91,539 |
| 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 | $91,539 |
| Net assets without donor restrictions | $12,924,441 |
| Net assets with donor restrictions | $19,720,934 |
| 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 | $32,736,914 |
Grants Awarded
Over the last fiscal year, United Health Services Foundation Inc has awarded $730,751 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED HEALTH SERVICES INC PURPOSE: FACILITY IMPROVEMENT, EQUIPMENT & PROGRAMS | $657,422 |
IDEAL SENIOR LIVING CENTER PURPOSE: RENT SUBSIDY | $56,285 |
TWIN TIER HOME HEALTH PURPOSE: PATIENT SUPPLIES | $7,044 |
UHS CHENANGO MEMORIAL PURPOSE: EQUIPMENT | $5,000 |
UHS DELAWARE VALLEY HOSPITAL PURPOSE: EQUIPMENT | $5,000 |