Bayhealth Foundation
- Assets
- $14.2m
- Revenue
- $625.6k
- Investments
- $7.2m
- Employees
- 0
- Location
- Dover, DE
- Founding
- 07/1987
- Data as of
- 06/2024
- 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 06/2024, Bayhealth Foundation generated $625.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $719.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 9 years. 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
2024
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 |
|---|---|---|---|
Rob Book Director | Trustee | 1 | $0 |
Drew Laroche Director | Trustee | 1 | $0 |
Gerry Morris Director | Trustee | 1 | $0 |
Lori Ennis Ex-Officio | Trustee | 1 | $0 |
Gary Camp Director | Trustee | 1 | $0 |
A Temple Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,449 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,988 |
| Noncash contributions included in lines 1a–1f | $224,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,437 |
| Total Program Service Revenue | $0 |
| Investment income | $66,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,808 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,410 |
| Grants and other assistance to domestic individuals. | $15,538 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,899 |
| Compensation of current officers, directors, key employees. | $84,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,990 |
| Payroll taxes | $23,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,600 |
| Fees for services: Investment Management | $16,611 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,226 |
| 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 | $50 |
| Total functional expenses | $718,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,330,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,460,959 |
| 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 | $8,526 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,167,731 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,774 |
| Total assets | $14,208,702 |
| Accounts payable and accrued expenses | $0 |
| 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 | $176,517 |
| Total liabilities | $176,517 |
| Net assets without donor restrictions | $8,254,963 |
| Net assets with donor restrictions | $5,777,222 |
| 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 | $14,208,702 |
Grants Awarded
Over the last fiscal year, Bayhealth Foundation has awarded $106,079 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAYHEALTH CANCER INSTITUTE PURPOSE: TO SUPPORT RELATED NON PROFIT ORGANIZATION | $39,848 |
BAYHEALTH MEDICAL CENTER INC PURPOSE: TO SUPPORT THE MISSION OF BAYHEALTH MEDICAL CENTER, INC | $66,231 |