Passavant Hospital Foundation
- Assets
- $51.9m
- Revenue
- $3.7m
- Investments
- $50.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 25-1407815
Organization Overview
Passavant Hospital Foundation is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passavant 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 12/2023, Passavant Hospital Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Passavant Hospital Foundation has awarded 32 individual grants totaling $17,864,477. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT UPMC PASSAVANT, ADVANCING HEALTH/WELLNESS THROUGH EDUCATION, OUTREACH, AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT GRANTS TO UPMC PASSAVANT HOSPITAL ARE AWARDED ANNUALLY BY THE FOUNDATION. THESE GRANTS BEING MADE TO THE HOSPITAL ARE FOR EQUIPMENT AND TECHNOLOGY TO IMPROVE PATIENT DIAGNOSIS, TREATMENT, COMFORT, SAFETY AND IMPROVE THE WORKING ENVIRONMENT FOR STAFF. THERE WERE SOME ADDITIONAL FUNDS USED FOR DIRECT SUPPORT OF THE HOSPITAL, INCLUDING THE RELEASE OF FUNDS FOR NURSING EDUCATION WHICH ASSISTS IN THE COST OF CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT TO ENHANCE THE QUALITY OF CARE FOR PATIENTS. THE PATIENT ASSISTANCE FUND WAS UTILIZED TO ASSIST PATIENTS FINANCIALLY WHO WERE UNABLE TO PAY FOR NECESSARY EXPENSES WHILE PATIENTS AT UPMC PASSAVANT.
OUTREACH PROGRAMS INCLUDED OVER 50 FREE PRESENTATIONS REACHING MORE THAN 3,500 ATTENDEES. EDUCATING THE COMMUNITY AT LARGE, THESE SESSIONS ARE INTENDED TO IMPROVE OUR COMMUNITY'S HEALTH WITH TOPICS SUCH, LUNG CANCER, TICK BORNE DISEASES, ADVANCES IN BREAST IMAGING, HEART HEALTH AND COLON CANCER AWARENESS. A FOUNDATION SPONSORED 30 DAY VIRTUAL SYMPOSIUM WAS ATTENDED BY 160 UPMC VPMA'S AND MEDICAL STAFF LEADERSHIP TITLED " MEDICAL STAFF LEADERS ORIENTATION AND TOOK KIT", HOSTED BY HORTY SPRINGER AND MATTERN. OVER 350 CANCER SURVIVORS AND THEIR FAMILIES WERE ABLE TO ENJOY A SURVIVORSHIP EVENT TOGETHER. BRIDGE TO HOPE, WHICH PROVIDES WEEKLY SUPPORT MEETINGS FOR FAMILIES WITH A LOVED ONE SUFFERING FROM ADDICTION, HAD A TOTAL ATTENDANCE OF 500 OVER TWELVE MONTHS. BEYOND BRIDGE TO HOPE, A SUPPORT GROUP FOR PEOPLE WHO HAVE LOST A LOVED ONE TO ADDICTION, HAD A TOTAL ATTENDANCE OF 101.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Sullivan MD Chairman | OfficerTrustee | 3 | $0 |
Richard S Hamilton Vice Chariman | OfficerTrustee | 3 | $0 |
Edward A Dills Treasurer | OfficerTrustee | 3 | $0 |
Debra A Dinnocenzo Secretary | OfficerTrustee | 3 | $0 |
Patricia J Kutcher Director | Trustee | 1 | $0 |
Matt El-Kadi MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,088 |
| Membership dues | $0 |
| Fundraising events | $325,220 |
| Related organizations | $107,400 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,436 |
| Noncash contributions included in lines 1a–1f | $64,722 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,144 |
| Total Program Service Revenue | $138,887 |
| Investment income | $1,043,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,903,684 |
| Net Income from Fundraising Events | -$85,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,737,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,754 |
| 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. | $148,337 |
| Compensation of current officers, directors, key employees. | $14,834 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,121 |
| Payroll taxes | $16,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,065 |
| Fees for services: Accounting | $52,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $259,920 |
| Fees for services: Other | $24,551 |
| Advertising and promotion | $28,485 |
| Office expenses | $49,719 |
| Information technology | $32,461 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,361 |
| 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 | $22,647 |
| All other expenses | $188,217 |
| Total functional expenses | $1,510,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $459,011 |
| Pledges and grants receivable | $57,323 |
| 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 | $13,349 |
| Net Land, buildings, and equipment | $41,677 |
| Investments—publicly traded securities | $456,572 |
| Investments—other securities | $50,837,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,865,606 |
| Accounts payable and accrued expenses | $33,493 |
| 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 | $839,007 |
| Total liabilities | $872,500 |
| Net assets without donor restrictions | $49,720,374 |
| Net assets with donor restrictions | $1,272,732 |
| 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 | $51,865,606 |
Grants Awarded
Over the last fiscal year, Passavant Hospital Foundation has awarded $363,063 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UPMC PASSAVANT PURPOSE: PATIENT IMPROVEMENTS | $355,563 |
NORTH HILLS COMMUNITY OUTREACH PURPOSE: SUPPORTING COMMUNITY FOOD AND HUNGER PROGRAMS | $7,500 |