St Joseph Medical Center Foundation
- Assets
- $18.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Hershey, PA
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 23-2649362
Organization Overview
St Joseph Medical Center Foundation is located in Hershey, PA. The organization was established in 1991. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. St Joseph Medical Center 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 06/2022, St Joseph Medical Center Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $988.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Joseph Medical Center Foundation has awarded 16 individual grants totaling $11,813,685. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ST. JOSEPH REGIONAL HEALTH NETWORK'S MISSION: PROVISION OF HEATHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOSEPH MEDICAL CENTER FOUNDATION WAS ESTABLISHED IN 1990 AS A CHARITABLE, NOT-FOR-PROFIT CORPORATION CREATED TO SUPPORT THE MISSION AND, SPECIFICALLY, THE SERVICES OF ST. JOSEPH REGIONAL HEALTH NETWORK (AKA ST. JOSEPH MEDICAL CENTER). THE FOUNDATION IS A QUALIFIED NON-PROFIT ORGANIZATION WHOSE PURPOSES ARE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WORKING COLLABORATIVELY WITH THE ST. JOSEPH MEDICAL CENTER BOARD OF DIRECTORS AND THE PARENT CORPORATION, PENN STATE HEALTH, THE FOUNDATION SUPPORTS ST. JOSEPH REGIONAL HEALTH NETWORK BY ENGAGING IN FUNDRAISING AND PROVIDING FINANCIAL SUPPORT AND BY ADMINISTERING AND INVESTING FUNDS FOR ITS BENEFIT, ALL IN ORDER TO ASSIST THE MEDICAL CENTER IN CARRYING OUT ITS SECTION 501(C)(3) CHARITABLE HEALTH MISSION (SEE SCHEDULE O) (CONTINUED):BY ENHANCING THE DELIVERY OF HEALTH CARE SERVICES AND IMPROVING COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Frank President | OfficerTrustee | 1 | $0 |
Sheilah A Borne Board Member | Trustee | 1 | $0 |
John Pagerly Board Member/chair | OfficerTrustee | 1 | $0 |
Gretchen Naso Board Member/vice Chair | OfficerTrustee | 1 | $0 |
Kim Hippert-Eversgerd Board Member/secretary | OfficerTrustee | 1 | $0 |
Andrew Waxler MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $351,124 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $625,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $976,490 |
| Total Program Service Revenue | $0 |
| Investment income | $124,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,238,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,340,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $604,097 |
| 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 | $196,952 |
| Pension plan accruals and contributions | $11,312 |
| Other employee benefits | $39,284 |
| Payroll taxes | $23,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,771 |
| Fees for services: Other | $53,760 |
| Advertising and promotion | $0 |
| Office expenses | $3,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,583 |
| Travel | $412 |
| 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 | $0 |
| Total functional expenses | $988,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,870 |
| Savings and temporary cash investments | $467,417 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,337,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,326,964 |
| Total assets | $18,232,817 |
| Accounts payable and accrued expenses | $6,044 |
| 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 | $0 |
| Total liabilities | $6,044 |
| Net assets without donor restrictions | $85,025 |
| Net assets with donor restrictions | $18,141,748 |
| 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 | $18,232,817 |
Grants Awarded
Over the last fiscal year, St Joseph Medical Center Foundation has awarded $604,097 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH REGIONAL HEALTH NETWORK PURPOSE: PROGRAM SUPPORT | $597,909 |
ST JOSEPH MEDICAL GROUP PURPOSE: PROGRAM SUPPORT | $6,188 |