Deborah Hospital Foundation
- Assets
- $27.4m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Browns Mills, NJ
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 22-2049500
Organization Overview
Deborah Hospital Foundation is located in Browns Mills, NJ. The organization was established in 1975. 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, Deborah Hospital Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deborah Hospital 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, Deborah Hospital Foundation generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $16.3m 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
TO PROVIDE SUBSTANTIAL FUNDING TO SUPPORT THE HIGHEST QUALITY OF PATIENT CARE BY DEBORAH HEART AND LUNG CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE HIGHEST QUALITY OF PATIENT CARE BY DEBORAH HEART AND LUNG CENTER; TO PROVIDE FOR TREATMENT OF CHILDREN WITH CONGENITAL HEART DISEASE IN THE UNITED STATES AND AROUND THE WORLD; AND TO PROVIDE FOR CLINICAL RESEARCH FOR CARDIAC AND PULMONARY DISEASE. PLEASE REFER TO SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Toal Chief Development Officer | Officer | 55 | $213,515 |
Thomas E Drotar Major Gifts Officer | 55 | $111,058 | |
Joseph Chirichella Director - Dhlc President/ceo | OfficerTrustee | 55 | $0 |
Robert M Birnbaum Chairman - Director | OfficerTrustee | 1 | $0 |
Gary Rubin Secretary - Director | OfficerTrustee | 1 | $0 |
Joseph R Manni Treasurer - Coo/dhlc VP Ops | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deborah Heart And Lung Center Management | 12/30/21 | $5,260,253 |
Mccarter And English Llp Legal | 12/30/21 | $144,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,290 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,898,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,039,649 |
| Total Program Service Revenue | $0 |
| Investment income | $658,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $988,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $146,777 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,833,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,268,788 |
| 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. | $258,655 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,319 |
| Pension plan accruals and contributions | $4,366 |
| Other employee benefits | $83,526 |
| Payroll taxes | $44,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,528 |
| Fees for services: Accounting | $39,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,296 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $210,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,485 |
| Insurance | $46,770 |
| All other expenses | $432,941 |
| Total functional expenses | $16,303,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $672,983 |
| Pledges and grants receivable | $947,752 |
| 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 | $36,082 |
| Prepaid expenses and deferred charges | $58,106 |
| Net Land, buildings, and equipment | $1,372,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $21,502,309 |
| Intangible assets | $0 |
| Other assets | $2,770,747 |
| Total assets | $27,360,210 |
| Accounts payable and accrued expenses | $156,506 |
| 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 | $7,896,915 |
| Total liabilities | $8,053,421 |
| Net assets without donor restrictions | $10,757,494 |
| Net assets with donor restrictions | $8,549,295 |
| 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 | $27,360,210 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Deborah Hospital Foundation has recieved totaling $91,707.
| Awarding Organization | Amount |
|---|---|
Leona T Scott Unitrust Ua Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $91,607 |
Bennett Charitable Foundation Inc Seaside Heights, NJ PURPOSE: CHARITABLE MEDICAL FOUNDATION | $100 |
Endowment Analysis
| Beg. Balance | $13,830,784 |
| Earnings | $568,155 |
| Grants | $5,849,644 |
| Ending Balance | $8,549,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Virtua Health Foundation Inc Marlton, NJ | $110,138,193 | $9,123,196 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Indiana Jefferson Radiation Oncology Inc Indiana, PA | $76,804 | $26,313,559 |
Transport Workers Union Roseland, NJ | $16,248,570 | $20,384,690 |
Geisinger Health Danville, PA | $3,255,726,286 | $301,727,565 |
Alyeska Pipeline Service Company Health And Welfare Benefits Trust Pittsburgh, PA | $2,121,654 | $18,868,152 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |