Mckeesport Hospital Foundation
- Assets
- $27.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Mckeesport, PA
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 25-1380418
Organization Overview
Mckeesport Hospital Foundation is located in Mckeesport, PA. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Mckeesport Hospital Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckeesport Hospital 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, Mckeesport Hospital Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $632.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mckeesport Hospital Foundation has awarded 62 individual grants totaling $2,234,211. 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 PRIMARY HEALTH CARE FACILITIES AND SERVICES IN THE LOCAL AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS SUPPORTIVE OF UPMC MCKEESPORT ADVANCEMENTS IN HEALTH CARE TECHNOLOGY. IN ADDITION, THE FOUNDATION IS A LEADER IN COMMUNITY HEALTH INITIATIVE PROGRAMS INCLUDING THE AWARD WINNING STATE HEALTH IMPROVEMENT PLAN COMMUNITY PARTNERSHIPS. THESE COMMUNITY PARTNERSHIPS PROVIDE PROGRAMS AND SERVICES WITH DEFINED GOALS AND OBJECTIVES FOR 33,000 RESIDENTS IN BRADDOCK, CLAIRTON, DUQUESNE AND MCKEESPORT. IN ADDITION, THE FOUNDATION HAS SUPPORTED THE MEDICATION NEEDS OF THOSE SEEKING MEDICAL CARE AND WHO HAVE NO MEDICATION COVERAGE AND THROUGH A CLOSE WORKING RELATIONSHIP WITH THE HOSPITAL PHARMACY AND SOCIAL WORK DEPARTMENTS, SERVING DOZENS OF PEOPLE EACH MONTH THROUGH THREE PROGRAMS. FURTHERMORE, THE FOUNDATION WORKS CLOSELY WITH LOCAL AGENCIES PROVIDING SUPPORT IN COORDINATING THEIR ACTIVITIES AND ANNUAL FUNDRAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl P Kovski President | OfficerTrustee | 1 | $0 |
Irving J Latterman Vice President | OfficerTrustee | 1 | $0 |
Donald Beck DPM Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard Bondi MD Board Member | Trustee | 1 | $0 |
D James Heatherington Board Member | Trustee | 1 | $0 |
Alma Hoffman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,202 |
| Total Program Service Revenue | $0 |
| Investment income | $1,009,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,776 |
| Net Gain/Loss on Asset Sales | $528,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,857,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $329,146 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,308 |
| Compensation of current officers, directors, key employees. | $16,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,885 |
| Pension plan accruals and contributions | $3,113 |
| Other employee benefits | $0 |
| Payroll taxes | $5,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,063 |
| Fees for services: Other | $14,205 |
| Advertising and promotion | $3,089 |
| Office expenses | $2,300 |
| Information technology | $9,671 |
| Royalties | $0 |
| Occupancy | $20,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,260 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $632,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,703 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,629 |
| 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 | $1,170,625 |
| Investments—publicly traded securities | $26,610,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,949,512 |
| Accounts payable and accrued expenses | $83,240 |
| Grants payable | $0 |
| Deferred revenue | $27,794 |
| 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 | $111,034 |
| Net assets without donor restrictions | $9,467,378 |
| Net assets with donor restrictions | $18,371,100 |
| 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 | $27,949,512 |
Grants Awarded
Over the last fiscal year, Mckeesport Hospital Foundation has awarded $311,555 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CCAC EDUCATION FOUNDATION PURPOSE: TO SUPPORT THE CCAC EDUCATION FOUNDATION'S UPMC SCHOLARS PROGRAM | $39,000 |
DRAVOSBURG VOLUNTEER FIRE DEPARTMENT PURPOSE: TO PURCHASE NEW STABILIZATION EQUIPMENT PURCHASES | $35,834 |
ELIZABETH TOWNSHIP FIRE DEPT 1 PURPOSE: EQUIPMENT PURCHASES | $11,000 |
FIRST STEP RECOVERY HOMES INC PURPOSE: TO SUPPORT THE FIRST STEP HEALTH AND WELLNESS PROGRAM. | $25,000 |
FIRE DEPARTMENT OF NORTH VERSAILLES PURPOSE: RADIO EQUIPMENT PURCHASES | $12,147 |
FRIENDS OF CAMP SOLES PURPOSE: PROGRAM SUPPORT | $17,000 |