Titusville Area Health Center Foundation
- Assets
- $2.4m
- Revenue
- $601.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Titusville, PA
- Founding
- 08/1986
- Data as of
- 06/2021
- EIN
- 25-1517854
Organization Overview
Titusville Area Health Center Foundation is located in Titusville, PA. The organization was established in 1986. 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. Titusville Area Health 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 06/2021, Titusville Area Health Center Foundation generated $601.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $57.5k during the year ending 06/2021. While expenses have increased by 13.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS ON BEHALF OF TITUSVILLE AREA HOSPITAL THROUGH VARIOUS EVENTS AND MAINTAIN ENDOWMENT AND FUNDED DEPRECIATION INVESTMENTS FOR THE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING PROGRAMS TO RAISE FUNDS ON BEHALF OF TITUSVILLE AREA HOSPITAL THROUGH VARIOUS EVENTS AND MAINTAINING ENDOWMENT AND FUNDED DEPRECIATION INVESTMENTS FOR THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee M Clinton Ceo/president | Officer | 2 | $0 |
Cory Jackson Mmc Controller/treasurer | Officer | 2 | $0 |
Larry Fledderman Secretary | OfficerTrustee | 1 | $0 |
Amy Felton Director | Trustee | 1 | $0 |
Ken Winger Chairman | OfficerTrustee | 1 | $0 |
Barb English Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,405 |
| Investment income | $67,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,772 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $19,273 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,757 |
| 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 | $0 |
| Fees for services: Other | $7,042 |
| Advertising and promotion | $1,802 |
| Office expenses | $24,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,173 |
| 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 | $532 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $57,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,339 |
| Savings and temporary cash investments | $20,693 |
| 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 | $2,650 |
| Investments—publicly traded securities | $1,408,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,598 |
| Total assets | $2,444,837 |
| Accounts payable and accrued expenses | $78 |
| 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 | $78 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,444,759 |