Wayne Memorial Hospital Foundation Inc
- Assets
- $12.0m
- Revenue
- $765.9k
- Investments
- $300.0k
- Employees
- 0
- Location
- Honesdale, PA
- Founding
- 11/1982
- Data as of
- 06/2021
- EIN
- 23-2208596
Organization Overview
Wayne Memorial Hospital Foundation Inc is located in Honesdale, PA. The organization was established in 1982. 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. Wayne Memorial Hospital 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 06/2021, Wayne Memorial Hospital Foundation Inc generated $765.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $505.4k during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING, FUND MANAGEMENT AND RELATED ACTIVITIES TO SUPPORT AND ASSIST RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
DURING THE FOUNDATION'S FISCAL YEAR, JULY 1, 2020 THROUGH JUNE 30, 2021, THE FOUNDATION SUPPORTED ITS MISSION THROUGH SEVERAL ACTIVITIES, INCLUDING GRANTS AND SUPPORT IN VARIOUS WAYS TO WAYNE MEMORIAL HEALTH SYSTEM AND ITS AFFILIATES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bochnovich Asst Sect/treas/sect Beg 02/21 | OfficerTrustee | 0.5 | $0 |
Kate Markowski Bryant Vice Chair End 10/20 | OfficerTrustee | 0.5 | $0 |
Suzanne Grady Secretary End 08/20 | OfficerTrustee | 0.5 | $0 |
Nancy Propst Chair | OfficerTrustee | 0.5 | $0 |
Clayton Lacoe Treasurer | OfficerTrustee | 0.5 | $0 |
Cinda Tietjen Trustee/vice Chair Beg 02/21 | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,766 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,115 |
| Total Program Service Revenue | $165,498 |
| Investment income | $136,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,538 |
| Net Gain/Loss on Asset Sales | $85,388 |
| Net Income from Fundraising Events | $9,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $765,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,705 |
| 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 | $119,592 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,697 |
| Advertising and promotion | $0 |
| Office expenses | $16,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,025 |
| Insurance | $1,739 |
| All other expenses | $0 |
| Total functional expenses | $505,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,903,830 |
| Pledges and grants receivable | $1,140,560 |
| 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 | $2,533 |
| Net Land, buildings, and equipment | $2,497,453 |
| Investments—publicly traded securities | $6,112,715 |
| Investments—other securities | $300,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,957,091 |
| Accounts payable and accrued expenses | $3,207 |
| 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 | $507,423 |
| Total liabilities | $510,630 |
| Net assets without donor restrictions | $10,076,337 |
| Net assets with donor restrictions | $1,370,124 |
| 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 | $11,957,091 |
Grants Awarded
Over the last fiscal year, Wayne Memorial Hospital Foundation Inc has awarded $169,549 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Honesdale, PA PURPOSE: SUPPORT | $87,065 |
Honesdale, PA PURPOSE: SUPPORT | $82,484 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wayne Memorial Hospital Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Wayne County Community Foundation Honesdale, PA PURPOSE: PROGRAM GRANT | $5,000 |
Kentfields Foundation Inc Baltimore, MD PURPOSE: EMERGENCY DEPARTMENT | $5,000 |
Endowment Analysis
| Beg. Balance | $170,901 |
| Earnings | $7,135 |
| Ending Balance | $178,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
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 |