Moses Taylor Foundation Inc
- Assets
- $79.3m
- Revenue
- $14.1m
- Investments
- $77.5m
- Employees
- 1
- Location
- Scranton, PA
- Founding
- 07/1984
- Data as of
- 06/2021
- EIN
- 23-2281586
Organization Overview
Moses Taylor Foundation Inc is located in Scranton, PA. The organization was established in 1984. 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. Moses Taylor 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, Moses Taylor Foundation Inc generated $14.1m in total revenue. All expenses for the organization totaled $9.5m during the year ending 06/2021. While expenses have increased by 17.9% per year over the past 5 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.
Since 2016, Moses Taylor Foundation Inc has awarded 339 individual grants totaling $21,558,170. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MOSES TAYLOR FOUNDATION IS TO IMPROVE THE HEALTH AND WELLNESS OF RESIDENTS AND COMMUNITIES, PRIMARILY IN NORTHEAST PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT MANAGEMENT OF THE ENDOWMENT FUND AND OTHER CONTRIBUTIONS AND DISBURSEMENTS OF SUCH FUNDS FOR THE BENEFIT OF THE RESIDENTS OF LACKAWANNA COUNTY, PENNSYLVANIA AND THE SURROUNDING AREAS IN NORTHEASTERN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latida Smith CEO | 40 | $208,219 | |
Thomas Kelly CFO | 20 | $87,790 | |
Robert A Mazzoni ESQ Chairman | 1 | $0 | |
William R Lazor Vice Chairman | 1 | $0 | |
Frank Kolucki Jr MD Director | 1 | $0 | |
Mary F Sewatsky MD Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $714,434 |
| Dividends & Interest | $1,555,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,444,492 |
| Capital Gain Net Income | $11,444,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $380,201 |
| Total Revenue | $14,094,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $296,009 |
| Other employee salaries and wages | $240,174 |
| Pension plans, employee benefits | $101,663 |
| Interest | $0 |
| Taxes | $150,000 |
| Depreciation | $0 |
| Occupancy | $39,574 |
| Travel, conferences, and meetings | $3,431 |
| Printing and publications | $0 |
| Other expenses | $4,280,722 |
| Total operating and administrative expenses | $5,568,455 |
| Contributions, gifts, grants paid | $3,978,101 |
| Total expenses and disbursements | $9,546,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,131 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,845 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $77,538,807 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,094,439 |
| Total assets | $79,278,222 |
| Accounts payable and accrued expenses | $17,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $195,553 |
| Total liabilities | $213,224 |
Grants Awarded
Over the last fiscal year, Moses Taylor Foundation Inc has awarded $3,978,101 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Wilkes Barre, PA PURPOSE: FOR USE IN CONSTRUCTING AN OUTPATIENT CLINIC IN DOWNTOWN WILKES-BARRE. | $395,600 |
SCRANTON AREA COMMUNITY FOUNDATION PURPOSE: TO FACILITATE CAPACITY BUILDING OPPORTUNITIES FOR NEPA NONPROFIT ORGANIZATIONS, SUPPORT COMMUNITY RESPONSE TO THE CORONAVIRUS PANDEMIC, SUPPORT VIRTUAL TRAININGS ON EMERGENCY PLANNING AND PREPAREDNESS, AND GENERAL OPERATING SUPPORT. | $298,469 |
COMMISSION ON ECONOMIC OPPORTUNITY PURPOSE: WEINBERG NORTHEAST REGIONAL FOOD BANK AND TO SUPPORT COMMUNITY RESPONSE TO THE CORONAVIRUS PANDEMIC. | $250,000 |
SAINT JOSEPH'S CENTER PURPOSE: DIRECT SUPPORT PROFESSIONAL WAGE INCREASE INITIATIVE | $238,645 |
ALLONE CHARITIES PURPOSE: TO PROVIDE PPE AND SANITIZATION SUPPLIES TO NONPROFIT ORGANIZATIONS THROUGHOUT NEPA, PROVIDE RESOURCES AND TECHNICAL ASSISTANCE FOR COLLECTING, INTERPRETING, AND RESPONDING TO BENEFICIARY FEEDBACK, AND SUPPORT THE OPIOID SOLUTIONS SYMPOSIUM. | $236,316 |
NEPA COMMUNITY HEALTH CARE PURPOSE: TO SUPPORT PHYSICAL EXPANSION OF THE HEALTH CENTER. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
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 |