Bayhealth Foundation
- Assets
- $13.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 22-2559843
Organization Overview
Bayhealth Foundation is located in Dover, DE. The organization was established in 1987. 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. Bayhealth 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, Bayhealth Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $3.7m 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 RAISE FUNDS FOR THE BENEFIT OF THE COMMUNITY HOSPITALS WHICH ARE PART OF BAYHEALTH MEDICAL CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYHEALTH FOUNDATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF THE COMMUNITY HOSPITALS WHICH ARE PART OF BAYHEALTH MEDICAL CENTER, INC., A NOT-FOR-PROFIT HOSPITAL CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Baird Chairman | OfficerTrustee | 1 | $0 |
A Temple Carter Chairman | OfficerTrustee | 1 | $0 |
Louie Phillips Secretary | OfficerTrustee | 1 | $0 |
Michael Fannin Director | OfficerTrustee | 1 | $0 |
Sophia Kramedas-Ghanayem Treasurer | OfficerTrustee | 1 | $0 |
Lindsay Rhodenbaugh President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,577,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,617,248 |
| Total Program Service Revenue | $0 |
| Investment income | $291,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,300 |
| Net Income from Fundraising Events | $193,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,105,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,541,076 |
| Grants and other assistance to domestic individuals. | $58,291 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,969 |
| Compensation of current officers, directors, key employees. | $120,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,852 |
| Payroll taxes | $34,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,305 |
| Fees for services: Investment Management | $23,905 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,530 |
| Information technology | $22,849 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,124 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,549 |
| Total functional expenses | $3,694,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,246,143 |
| 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 | $844 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,922,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,405 |
| Total assets | $13,134,161 |
| Accounts payable and accrued expenses | $6,890 |
| 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 | $594,497 |
| Total liabilities | $601,387 |
| Net assets without donor restrictions | $5,990,650 |
| Net assets with donor restrictions | $6,542,124 |
| 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 | $13,134,161 |
Grants Awarded
Over the last fiscal year, Bayhealth Foundation has awarded $2,541,076 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dover, DE PURPOSE: To support the mission of Bayhealth Medical Center, Inc | $2,535,966 |
Milford, DE PURPOSE: To support affiliate non-profit org | $5,110 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Bayhealth Foundation has recieved totaling $150,710.
| Awarding Organization | Amount |
|---|---|
Delaware Electric Cooperative Inc Greenwood, DE PURPOSE: CHARITABLE | $56,000 |
Delaware Electric Cooperative Inc Greenwood, DE PURPOSE: CHARITABLE | $56,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: BAYHEALTH FREE BREAST CANCER SCREENING PROGRAM | $10,000 |
The American Breast Cancer Foundation Inc Gaithersburg, MD PURPOSE: PROVIDES SCREENING MAMMOGRAMS AND ULTRASOUNDS TO UNINSURED AND UNDERSERVED AREA | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Lourdes Cardiology Services Pc Marlton, NJ | $93,350 | $14,562,644 |
Mccready Foundation Inc Crisfield, MD | $13,025,961 | $8,609,253 |
Broad Top Area Medical Center Inc Broad Top, PA | $5,548,744 | $12,291,788 |
Park West Health Systems Incorporated Baltimore, MD | $4,907,418 | $12,113,208 |
Upmc Erie, PA | $6,775,107 | $10,738,972 |
Holy Name Health Care Foundation Inc Teaneck, NJ | $17,275,210 | $11,113,688 |