Bala Presbyterian Home Foundation
- Assets
- $60.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette Hill, PA
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 23-2834398
Organization Overview
Bala Presbyterian Home Foundation is located in Lafayette Hill, PA. The organization was established in 1996. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bala Presbyterian Home 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 12/2022, Bala Presbyterian Home Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE HOME'S FORMER RESIDENTS AND FURTHER AFFILIATES' MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BALA PRESBYTERIAN HOME FOUNDATION IS INCORPORATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES AND SUPPORTED THE PURPOSES OF THE PRESBYTERIAN HOME FOR THE AGED COUPLES AND AGED PERSONS OF THE STATE OF PENNSYLVANIA, A SECTION 501(C)(3) ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. THE HOME'S MISSION WAS TO PROVIDE FOR A CONTINUUM OF CARE IN A CHRISTIAN SETTING FOR ELDERLY PRESBYTERIANS AND OTHERS, WITH SPECIAL CONCERN FOR THOSE OF MODEST RESOURCES. THE HOME WAS DISSOLVED SEPTEMBER 26, 2007, BUT THE FOUNDATION CONTINUES TO PROVIDE FINANCIAL SUPPORT TO THE FORMER RESIDENTS OF THE HOME FOR THEIR CARE IN OTHER FACILITIES AND ALSO PROVIDES FINANCIAL SUPPORT TO FURTHER THE MISSION OF HUMANGOOD EAST AND ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry G Dittmann Board Member | Trustee | 0.1 | $0 |
G Robert Overhiser Jr Board Member | Trustee | 0.1 | $0 |
William G Young Jr Chair | OfficerTrustee | 0.1 | $0 |
Bruce L Castor ESQ Board Member | Trustee | 0.1 | $0 |
Bruce Dearnley Board Member | Trustee | 0.1 | $0 |
John H Cochrane III President/chief Executive Officer | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,671 |
| Total Program Service Revenue | $0 |
| Investment income | $1,204,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,339,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,550,095 |
| 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 | $56,628 |
| 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 | $143,943 |
| Fees for services: Other | $818 |
| Advertising and promotion | $0 |
| Office expenses | $1,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,950 |
| All other expenses | $0 |
| Total functional expenses | $1,754,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $532,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,682,338 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $975 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,476,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,438,518 |
| Total assets | $60,131,382 |
| 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 | $236,124 |
| Total liabilities | $236,124 |
| Net assets without donor restrictions | $56,273,239 |
| Net assets with donor restrictions | $3,622,019 |
| 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 | $60,131,382 |
Grants Awarded
Over the last fiscal year, Bala Presbyterian Home Foundation has awarded $2,390,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILADELPHIA PRESBYTERY HOMES INC PURPOSE: RESIDENT SUPPORT - $448,856; PASTORAL CARE - $182,258; MISSION SUPPORT - $517,441 | $1,148,555 |
THE PRESBYTERIAN HOME OF 58TH ST PURPOSE: TO SUPPORT THE DONEE'S MISSION | $1,242,310 |