Upmc Pinnacle Foundation
- Assets
- $153.9m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 12/1986
- Data as of
- 06/2021
- EIN
- 22-2691718
Organization Overview
Upmc Pinnacle Foundation is located in Harrisburg, PA. The organization was established in 1986. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Upmc Pinnacle 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 06/2021, Upmc Pinnacle Foundation generated $10.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Upmc Pinnacle Foundation has awarded 15 individual grants totaling $11,545,236. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPMC PINNACLE FOUNDATION ("FOUNDATION") ENGAGES IN INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS. THROUGH INVESTMENT AND FUNDRAISING ACTIVITIES, UPMC PINNACLE FOUNDATION SUPPORTS A WIDE SPECTRUM OF HEALTHCARE AND WELLNESS SERVICES SUCH AS PREVENTION EDUCATION PROGRAMS, COMMUNITY AWARENESS AND EDUCATION, SUPPORT GROUPS AND FREE AND DISCOUNTED HEALTH SCREENINGS DESIGNED TO IMPROVE ACCESS TO CARE, REDUCE BARRIERS TO TREATMENT AND IMPROVE OVERALL HEALTH AND QUALITY OF LIFE FOR THE REGION. FOUNDATION FUNDS SUPPORT AND UNDER-GIRD TECHNOLOGICAL INNOVATION AND DIRECTLY IMPACT THE DIVERSE NEEDS OF VULNERABLE, UNINSURED AND UNDERINSURED POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Trogner Vice Chair | OfficerTrustee | 1 | $0 |
Meron Yemane Chairman | OfficerTrustee | 1 | $0 |
Philip Guarneschelli President And CEO | OfficerTrustee | 1 | $0 |
Alison Bernhardt VP & Cfo/treasurer | Officer | 1 | $0 |
Christopher P Markley ESQ Sec'y/sr Vp/general Counsel | Officer | 1 | $0 |
Christine Miller Assistant Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,845 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $771,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $961,658 |
| Total Program Service Revenue | $0 |
| Investment income | $1,297,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,256,574 |
| Net Income from Fundraising Events | $34,357 |
| Net Income from Gaming Activities | $145 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,550,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,663,934 |
| 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. | $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 | $1,090,610 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,200 |
| Fees for services: Investment Management | $627,349 |
| Fees for services: Other | $43,969 |
| Advertising and promotion | $660 |
| Office expenses | $11,206 |
| Information technology | $120,514 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $813 |
| Total functional expenses | $10,786,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,570,931 |
| Pledges and grants receivable | $11,278,960 |
| 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 | $26,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $110,989,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,865,644 |
| Accounts payable and accrued expenses | $37,470 |
| 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 | $77,770,335 |
| Total liabilities | $77,807,805 |
| Net assets without donor restrictions | $75,749,076 |
| Net assets with donor restrictions | $308,763 |
| 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 | $153,865,644 |
Grants Awarded
Over the last fiscal year, Upmc Pinnacle Foundation has awarded $8,637,208 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Harrisburg, PA PURPOSE: GENERAL OPERATIONS | $7,496,548 |
Harrisburg, PA PURPOSE: GENERAL OPERATIONS | $591,849 |
Harrisburg, PA PURPOSE: GENERAL OPERATIONS | $548,811 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Upmc Pinnacle Foundation has recieved totaling $43,790.
| Awarding Organization | Amount |
|---|---|
The Foundation For Enhancing Communities Harrisburg, PA PURPOSE: TO BE USED FOR GENERAL SUPPORT FOR UPMC HARRISBURG HOSPITAL | $21,895 |
The Foundation For Enhancing Communities Harrisburg, PA PURPOSE: TO BE USED FOR HOSPICE PURPOSES FOR UPMC PINNACLE HEALTH SYSTEM | $21,895 |
Endowment Analysis
| Beg. Balance | $20,773,914 |
| Earnings | $7,646,851 |
| Net Contributions | $1,447,207 |
| Other Expense | $723,173 |
| Ending Balance | $29,144,799 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |