Bradford Hospital Foundation
- Assets
- $2.1m
- Revenue
- $232.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bradford, PA
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 25-1612399
Organization Overview
Bradford Hospital Foundation is located in Bradford, PA. The organization was established in 1990. 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 12/2023, Bradford Hospital Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradford 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, Bradford Hospital Foundation generated $232.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $331.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BRADFORD HOSPITAL FOUNDATION IS TO DEVELOP AND GENERATE ONGOING PHILANTHROPIC SUPPORT FOR BRADFORD REGIONAL MEDICAL CENTER'S CONTINUED DEVELOPMENT AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING AND FUND DEVELOPMENT IN SUPPORT OF THE BRADFORD CAMPUS OF OLEAN GENERAL HOSPITAL WHICH MERGED WITH THE FORMER BRADFORD REGIONAL MEDICAL CENTER IN 2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Orris Chairman | OfficerTrustee | 1 | $0 |
William Pantuso Vice Chairman | OfficerTrustee | 1 | $0 |
Paul Ridley Treasurer | OfficerTrustee | 1 | $0 |
Stanley Pecora Secretary | OfficerTrustee | 1 | $0 |
Dean Bauer Director | Trustee | 1 | $0 |
Jeff Carson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,124 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,761 |
| Noncash contributions included in lines 1a–1f | $5,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,885 |
| Total Program Service Revenue | $0 |
| Investment income | $59,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,708 |
| Net Income from Fundraising Events | -$8,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,607 |
| 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. | $108,718 |
| Compensation of current officers, directors, key employees. | $43,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,181 |
| Pension plan accruals and contributions | $19,969 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $17,430 |
| Fees for services: Other | $26,348 |
| Advertising and promotion | $0 |
| Office expenses | $13,146 |
| 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 | $4,061 |
| Insurance | $2,684 |
| All other expenses | $0 |
| Total functional expenses | $331,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,698 |
| Pledges and grants receivable | $3,034 |
| 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 | $41,297 |
| Investments—publicly traded securities | $1,877,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,061,604 |
| Accounts payable and accrued expenses | $556,024 |
| 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 | $46,562 |
| Total liabilities | $602,586 |
| Net assets without donor restrictions | $856,942 |
| Net assets with donor restrictions | $602,076 |
| 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 | $2,061,604 |