St Barnabas Charitable Foundation Inc
- Assets
- $174.2m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Gibsonia, PA
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 25-1552912
Organization Overview
St Barnabas Charitable Foundation Inc is located in Gibsonia, PA. The organization was established in 1988. 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 Barnabas Charitable Foundation Inc 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, St Barnabas Charitable Foundation Inc generated $4.6m 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 (13.5%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, St Barnabas Charitable Foundation Inc has awarded 70 individual grants totaling $12,708,221. 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
MANAGE ENDOWMENT FUNDS, CONSIDER & MAKE GRANTS AS APPROVED TO FURTHER THE MISSION OF SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE CHARITABLE PURPOSES OF THE EXEMPT NONPROFIT ENTITIES.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Andrus Treasurer | OfficerTrustee | 1 | $0 |
William V Day President/secretary | OfficerTrustee | 2 | $0 |
John J Curran Chairman | OfficerTrustee | 1 | $0 |
James D Turco Officer/cfo | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $501,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,250 |
| Total Program Service Revenue | $0 |
| Investment income | $4,094,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,595,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,444,585 |
| 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 | $1,010,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $408,823 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,696 |
| All other expenses | $1,849 |
| Total functional expenses | $2,870,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,951,780 |
| Savings and temporary cash investments | $0 |
| 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 | $142,472,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,746,955 |
| Total assets | $174,170,909 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $305,394 |
| 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 | $5,260 |
| Total liabilities | $310,654 |
| Net assets without donor restrictions | $173,860,255 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $174,170,909 |
Grants Awarded
Over the last fiscal year, St Barnabas Charitable Foundation Inc has awarded $1,439,325 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST BARABAS NURSING HOME INC PURPOSE: OPERATION & CAPITAL | $388,624 |
THE ARBORS AT ST BARNABAS INC PURPOSE: OPERATION & CAPITAL | $734,377 |
THE VILLAGE AT ST BARNABAS INC PURPOSE: OPERATION & CAPITAL | $61,653 |
THE WOODLANDS AT ST BARNABAS INC PURPOSE: OPERATION & CAPITAL | $54,612 |
HAP SENIOR CARE INC DBA BEAVER PURPOSE: OPERATION & CAPITAL | $179,725 |
ST BARNABAS HEALTH SYSTEM PURPOSE: OPERATION & CREDIT | $20,334 |