Virginia Hospital Center Foundation
- Assets
- $3.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Arlington, VA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-4129901
Organization Overview
Virginia Hospital Center Foundation, operating under the name VHC Health Foundation, is located in Arlington, VA. The organization was established in 2007. 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, VHC Health Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. VHC Health 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 12/2021, VHC Health Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. 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
VIRGINIA HOSPITAL CENTER FOUNDATION IS THE PHILANTHROPIC ARM OF VIRGINIA HOSPITAL CENTER. VIRGINIA HOSPITAL CENTER FOUNDATION INSPIRES CHARITABLE GIVING TO SUPPORT THE TAX-EXEMPT PURPOSE OF VIRGINIA HOSPITAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA HOSPITAL CENTER FOUNDATION IS THE PHILANTHROPIC ARM OF VIRGINIA HOSPITAL CENTER. VIRGINIA HOSPITAL CENTER FOUNDATION INSPIRES CHARITABLE GIVING TO SUPPORT THE TAX-EXEMPT PURPOSE OF VIRGINIA HOSPITAL CENTER. VIRGINIA HOSPITAL CENTER FOUNDATION ALSO MADE SIGNIFICANT ADVANCEMENTS IN RAISED GIFTS AND PLEDGES, PLANNED GIFTS, GRANTS, AND RETAINED DONORS, AND DEVELOPING NEW PARTNERSHIPS WITH COMMUNITY STAKEHOLDERS, AND BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 4 | $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 | $1,312,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,695 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,312,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $364,287 |
| Compensation of current officers, directors, key employees. | $36,429 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $669,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,519 |
| Payroll taxes | $72,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $252,678 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,040 |
| Advertising and promotion | $270,327 |
| Office expenses | $17,605 |
| Information technology | $414 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,065,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,386,276 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,439,586 |
| Accounts payable and accrued expenses | -$186,036 |
| 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 | -$186,036 |
| Net assets without donor restrictions | $239,346 |
| Net assets with donor restrictions | $3,386,276 |
| 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 | $3,439,586 |
Grants Awarded
Over the last fiscal year, Virginia Hospital Center Foundation has awarded $3,305,923 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: TO FUND THE HOSPITAL OPERATION | $2,435,845 |
Arlington, VA PURPOSE: TO FUND THE CANCER CENTER OPERATION | $683,476 |
Arlington, VA PURPOSE: TO FUND THE GREATEST NEED PROJECT | $131,961 |
Arlington, VA PURPOSE: TO FUND THE CARDIAC CARE OPERATION | $54,641 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Virginia Hospital Center Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Samuel And Robert Decker Foundation Mclean, VA PURPOSE: GENERAL SUPPORT | $5,000 |
The@arthur L & Lily D Walters Foundation Arlington, VA PURPOSE: SUPPORTING HEALTH CARE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |