Virginia Hospital Center Foundation
- Assets
- $3.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Arlington, VA
- Founding
- 02/2007
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, VHC Health Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT DONORS AND MEMBERS OF THE COMMUNITY WITH PHILANTHROPIC OPPORTUNITIES AT VHC HEALTH. OUR PURPOSE IS TO SUPPORT THE HEALTH SYSTEM'S ABILITY TO BE THE BEST BY ADVANCING PATIENT CARE, RESEARCH, AND TECHNOLOGY TO MEET THE UNIQUE HEALTHCARE NEEDS OF THE DIVERSE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VHC HEALTH FOUNDATION, THE FUNDRAISING ENTITY OF VIRGINIA HOSPITAL CENTER, HAS HAD A SIGNIFICANT IMPACT ON THE HEALTH SYSTEM'S SERVICE LINES THROUGH THE FUNDS RAISED IN 2022. THESE FUNDS MADE A SUBSTANTIAL CONTRIBUTION TO THE EXPANSION OF MEDICAL SERVICES. FUNDS RAISED BY THE FOUNDATION HAVE SUPPORTED VARIOUS VHC HEALTH ENTITIES THAT SERVE UNDERSERVED COMMUNITIES. IN 2022, THE VHC HEALTH PEDIATRICS CENTER PROVIDED CARE TO 4,593 CHILDREN THROUGH OVER 17,400 CLINICAL VISITS, THANKS TO GENEROUS SUPPORT. THE DEWBERRY CANCER RESOURCE CENTER ALSO ASSISTED OVER 3,000 INDIVIDUALS AND PROVIDED NO-COST WIG AND HEAD COVERINGS/CHEMO CAPS TO 200 PEOPLE. THE FOUNDATION HAS BEEN INSTRUMENTAL IN SUPPORTING THE VHC HEALTH OUTPATIENT CLINIC, WHICH IS A CRUCIAL RESOURCE FOR UNINSURED PATIENTS. THE CLINIC SERVED MORE THAN 2,200 PATIENTS IN 2022, THANKS TO THE FUNDS RAISED. ADDITIONALLY, FUNDS WERE ALLOCATED TO HEALTH ACCESS AND EQUITY, WITH OVER $150,000 BEING DEDICATED TO THE HEALTH EQUITY FUND. THIS ALLOCATION FACILITATED THE PROVISION OF ESSENTIAL NO-COST MEDICATIONS TO PATIENTS. ADDITIONALLY, THE FOUNDATION HAS INVESTED FUNDS IN CLINICAL CARE AND ADVANCED MEDICAL TECHNOLOGIES AND EQUIPMENT FOR DEPARTMENTS SUCH AS INSTALLING ANGELEYE CAMERAS IN THE NEONATAL INTENSIVE CARE UNIT AND BREAST BIOPSY SYSTEM WITH HIGH IMAGING TECHNOLOGY FOR RADIATION ONCOLOGY. AN IMPACTFUL $5 MILLION GIFT WILL AID IN THE EXPANSION OF OUTPATIENT PALLIATIVE CARE SERVICES IN THE FUTURE. THESE FUNDS WILL CONTRIBUTE TO ENHANCING THE AVAILABILITY AND QUALITY OF PALLIATIVE CARE FOR PATIENTS IN NEED. THE FOUNDATION ALSO SUPPORTS THE PROFESSIONAL DEVELOPMENT OF CLINICAL STAFF THROUGH THE FRIENDS OF NURSING FUND. THIS FUND HAS PLAYED A VITAL ROLE IN ACHIEVING THE MAGNET-RECOGNIZED STATUS. IN 2022, THIS SUPPORT ALLOWED VHC TO DISTRIBUTE $214,866 FOR NURSING AWARDS AND SCHOLARSHIPS, BENEFITING 31 NURSES. SIMILARLY, THROUGH THE FRIENDS OF HEALTHCARE INITIATIVE VHC WAS ABLE TO DISTRIBUTE OVER $40,000 IN SCHOLARSHIPS, AWARDS, AND TRAINING IN THE CURRENT YEAR. ADDITIONALLY, THE INITIATIVE SUPPORTS THE LIFELINE ASSISTANCE FUND, WHICH WILL PROVIDE 77 INDIVIDUALS WITH ACCESS TO EMERGENCY RESPONSE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $433,296 |
Name Not Listed Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Secretary/treasurer/vhc CFO | OfficerTrustee | 4 | $0 |
Name Not Listed Board Member | Trustee | 4 | $0 |
Name Not Listed Board Member | Trustee | 4 | $0 |
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 | $1,184,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,184,072 |
| 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 | $1,184,072 |
| 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. | $475,173 |
| Compensation of current officers, directors, key employees. | $137,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $738,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,416 |
| Payroll taxes | $80,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $171,106 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $566,512 |
| Advertising and promotion | $108,699 |
| Office expenses | $16,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,012 |
| Travel | $2,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,441,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,444,004 |
| 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 | $890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,444,894 |
| Accounts payable and accrued expenses | -$242,269 |
| 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 | -$242,269 |
| Net assets without donor restrictions | $243,159 |
| Net assets with donor restrictions | $3,444,004 |
| 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 | $3,444,894 |
Grants Awarded
Over the last fiscal year, Virginia Hospital Center Foundation has awarded $3,305,923 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM PURPOSE: TO FUND THE HOSPITAL OPERATION | $2,435,845 |
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM PURPOSE: TO FUND THE GREATEST NEED PROJECT | $131,961 |
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM PURPOSE: TO FUND THE CANCER CENTER OPERATION | $683,476 |
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM PURPOSE: TO FUND THE CARDIAC CARE OPERATION | $54,641 |