Inspira Health Foundation Inc
- Assets
- $43.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Mullica Hill, NJ
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 22-2333409
Organization Overview
Inspira Health Foundation Inc is located in Mullica Hill, NJ. The organization was established in 1982. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspira Health 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, Inspira Health Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $4.2m 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 INSPIRE COMMUNITY GIVING TO SUPPORT INSPIRA HEALTH NETWORK AND ITS FACILITIES IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF INSPIRA HEALTH NETWORK; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, AND ITS AFFILIATES IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Odorizzi Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Christopher W Eastlack Secretary - Trustee | OfficerTrustee | 1 | $0 |
Genevieve E Witt Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Edgar G Galloway III Chair - Trustee | OfficerTrustee | 1 | $0 |
Thomas P Baldosaro CPA Evp/chief Financial Officer | Officer | 55 | $0 |
Matthew Doonan ESQ SVP & Chief Legal Officer | Officer | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $328,222 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,830 |
| Noncash contributions included in lines 1a–1f | $92,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,282,052 |
| Total Program Service Revenue | $0 |
| Investment income | $864,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,618,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $29,400 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,794,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,818,376 |
| Grants and other assistance to domestic individuals. | $20,392 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,498 |
| Fees for services: Other | $136,708 |
| Advertising and promotion | $34,189 |
| Office expenses | $29,724 |
| Information technology | $38,552 |
| Royalties | $0 |
| Occupancy | $18,449 |
| Travel | $4,984 |
| 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 | $33,935 |
| Insurance | $9,914 |
| All other expenses | $0 |
| Total functional expenses | $4,205,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,814 |
| Savings and temporary cash investments | $22,908 |
| Pledges and grants receivable | $5,546,680 |
| 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 | $109,286 |
| Net Land, buildings, and equipment | $791,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $35,837,567 |
| Intangible assets | $0 |
| Other assets | $21,810 |
| Total assets | $43,321,122 |
| Accounts payable and accrued expenses | $132,249 |
| Grants payable | $0 |
| Deferred revenue | $27,752 |
| 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 | $2,016,891 |
| Total liabilities | $2,176,892 |
| Net assets without donor restrictions | $35,772,738 |
| Net assets with donor restrictions | $5,371,492 |
| 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 | $43,321,122 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Inspira Health Foundation Inc has recieved totaling $66,076.
| Awarding Organization | Amount |
|---|---|
Wawa Foundation Inc Wawa, PA PURPOSE: TO SUPPORT THE FOUNDATION PROGRAM INITIATIVES | $35,000 |
Sumner Station Foundation A Newjersey Nonprofit Corporation Pine Valley, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,076 |
Endowment Analysis
| Beg. Balance | $5,267,949 |
| Earnings | $282,951 |
| Admin Expense | $84,047 |
| Net Contributions | $527,697 |
| Other Expense | $623,058 |
| Ending Balance | $5,371,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Lourdes Cardiology Services Pc Marlton, NJ | $93,350 | $14,562,644 |
Broad Top Area Medical Center Inc Broad Top, PA | $5,548,744 | $12,291,788 |