Latrobe Area Hospital Charitable Foundation
- Assets
- $17.9m
- Revenue
- $2.1m
- Investments
- $17.8m
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 11/1994
- Data as of
- 06/2021
- EIN
- 25-1750654
Organization Overview
Latrobe Area Hospital Charitable Foundation is located in Latrobe, PA. The organization was established in 1994. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Latrobe Area Hospital Charitable 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, Latrobe Area Hospital Charitable Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Latrobe Area Hospital Charitable Foundation has awarded 20 individual grants totaling $16,469,065. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR LATROBE AREA HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATROBE AREA HOSPITAL CHARITABLE FOUNDATIONTHE MISSION OF THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION (LAHCF) TO FACILITATE THE VERY BEST IN COMMUNITY-BASED HEALTH CARE AT EXCELA HEALTH LATROBE HOSPITAL SUPPORTS THE EXCELA HEALTH SYSTEM IN IMPROVING THE HEALTH AND WELL-BEING OF EVERY LIFE TOUCHED. SINCE THE FOUNDATION'S ESTABLISHMENT IN 1995, THE COMMUNITY HAS PROVIDED GENEROUS SUPPORT FOR THE BETTERMENT OF LATROBE HOSPITAL AND THE AREAS IT SERVES. CONTRIBUTIONS HAVE GONE TO EDUCATIONAL PROGRAMS AND PROJECTS THAT HAVE BEEN FAR-REACHING AND COMPREHENSIVE. SERVING AS THE STEWARD FOR ALL CONTRIBUTIONS RECEIVED ON BEHALF OF EXCELA HEALTH LATROBE HOSPITAL, THE FOUNDATION ALSO SUPPORTS THE HOSPITAL BY ADMINISTERING NUMEROUS DONOR-SPECIFIED CONTRIBUTIONS TOWARD PROJECTS SUCH AS CARDIAC REHABILITATION, CHILDHOOD OBESITY NUTRITION PROGRAM, ADOLESCENT BEHAVIORAL HEALTH, EPIC REHAB, AND THE EXCELA HEALTH LATROBE FAMILY MEDICINE RESIDENCY, AMONG OTHERS. THROUGHOUT ITS HISTORY, THE LAHCF HAS SUPPORTED MANY INITIATIVES SO THAT THE MESSAGE AND PRACTICE OF GOOD HEALTH, DISEASE PREVENTION, AND WELLNESS REACH COMMUNITY MEMBERS OF ALL AGES. REDEFINING SURGICAL AND CANCER CARE IN FY21, THE EXCELA HEALTH SURGICAL INSTITUTE, BASED AT EXCELA LATROBE HOSPITAL, WAS CREATED WITH A FOCUS ON ADVANCED CANCER CARE AND TREATMENT. THE ENTIRE SURGICAL INSTITUTE PROJECT REPRESENTS A $10 MILLION INVESTMENT BY THE HEALTH SYSTEM IN BOTH TECHNOLOGY AND FACILITY UPGRADES. HOUSED ON THE SECOND FLOOR OF LATROBE HOSPITAL, THE SURGICAL INSTITUTE FEATURES A STATE-OF-THE-ART OPERATION ROOM. THE CENTERPIECE OF THE OR IS THE DAVINCI XI, THE LATEST ITERATION OF THE SURGICAL ROBOT AS WELL AS OTHER UPGRADED INSTRUMENTS AND EQUIPMENT. TO FURTHER THE BUILD-OUT OF THE PROGRAM LAHCF COMMITTED $2 MILLION IN SUPPORT. THE FOUNDATION MAINTAINED ITS SUPPORT FOR CHILD AND ADOLESCENT BEHAVIORAL HEALTH SERVICES AT BOTH THE INPATIENT AND OUTPATIENT LEVEL. DISRUPTIONS TO SCHOOL AND FAMILY LIFE EXACERBATED BY THE COVID-19 PANDEMIC SAW A SHARP RISE IN DEMAND FOR CARE AS WELL AS THE NEED FOR INNOVATIVE WAYS TO REACH THIS POPULATION. THERAPISTS TURNED TO VIRTUAL SUPPORT GROUPS TO ADDRESS ANXIETY, ANGER MANAGEMENT AND GENDER IDENTITY ISSUES AMONG OTHERS.DONATIONS IN SUPPORT OF HOMECARING HELPED TO FACILITATE SERVICE TO HOSPICE PATIENTS AND THEIR FAMILIES DURING A TIME OF TRANSITION. THE DEMAND FOR BEREAVEMENT SERVICES ALSO ACCELERATED IN FY21 AS A RESULT OF COVID, WITH THE FOUNDATION SUPPORTING VARIOUS GRIEF AND LOSS PROGRAMS FACILITATED BY THE HEALTH SYSTEM'S HOMECARING DIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Gessner MD Chairman | OfficerTrustee | 1 | $0 |
Barbara K Wang MD Vice-Chairman | OfficerTrustee | 1 | $0 |
Douglas A Clark Secretary | OfficerTrustee | 1 | $0 |
Joseph A Scarpo Treasurer | OfficerTrustee | 1 | $0 |
Thomas S Albanesi Jr CPA Cfo/assistant Treasurer | Officer | 1 | $0 |
John M Sphon CEO Of Excela Health | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $101,361 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $897,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $998,839 |
| Total Program Service Revenue | $0 |
| Investment income | $227,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $890,350 |
| Net Income from Fundraising Events | -$16,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,029,175 |
| Grants and other assistance to domestic individuals. | $21,000 |
| 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 | $89,564 |
| Pension plan accruals and contributions | $19,558 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,376 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,054 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,068 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,205,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$24,984 |
| 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 | $929 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,849,371 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,708 |
| Total assets | $17,865,024 |
| Accounts payable and accrued expenses | $10,410 |
| 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 | $17,311 |
| Total liabilities | $27,721 |
| Net assets without donor restrictions | $12,545,739 |
| Net assets with donor restrictions | $5,291,564 |
| 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 | $17,865,024 |
Grants Awarded
Over the last fiscal year, Latrobe Area Hospital Charitable Foundation has awarded $712,664 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greensburg, PA PURPOSE: CASH TO FUND THE ACQUISITION OF VARIOUS MEDICAL EQUIPMENT AND SUPPORT HOSPITAL PROGRAMS | $673,277 |
Greensburg, PA PURPOSE: CASH TO FUND THE ACQUISITION OF VARIOUS MEDICAL EQUIPMENT AND SUPPORT HOSPITAL PROGRAMS | $39,387 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Latrobe Area Hospital Charitable Foundation has recieved totaling $1,603,100.
| Awarding Organization | Amount |
|---|---|
Katherine Mabis Mckenna Foundation Inc Latrobe, PA PURPOSE: CAPITAL SUPPORT | $1,000,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO IMPLEMENT THE PHASE I HEALTHCARE WORKER COVID-19 VACCINATION PROGRAM AT EXCELA HEALTH | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO IMPLEMENT THE PHASE I HEALTHCARE WORKER COVID-19 VACCINATION PROGRAM AT EXCELA HEALTH | $250,000 |
Katherine Mabis Mckenna Foundation Inc Latrobe, PA PURPOSE: SCULPTURE RESTORATION | $50,000 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS | $25,000 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS | $25,000 |
Endowment Analysis
| Beg. Balance | $201,307 |
| Earnings | $6,954 |
| Ending Balance | $208,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |