Heritage Valley Health System Foundation
- Assets
- $124.1m
- Revenue
- $9.3m
- Investments
- $30.9m
- Employees
- 0
- Location
- Mckees Rocks, PA
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 25-1801534
Organization Overview
Heritage Valley Health System Foundation is located in Mckees Rocks, PA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Valley Health System Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION IS A SUPPORTING ORGANIZATION AND IS RESPONSIBLE FOR CARRYING OUT THE PHILANTHROPIC ACTIVITIES FOR HERITAGE VALLEY SEWICKLEY, HERITAGE VALLEY BEAVER, AND HERITAGE VALLEY KENNEDY DIVISIONS OF VALLEY MEDICAL FACILITIES, BY PROVIDING STEWARDSHIP FOR MONIES RAISED WHILE WORKING TOWARD ENHANCEMENT OF PATIENT CARE AND PROGRAMS THROUGHOUT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HVB BUILDING SYSTEMS UPGRADE 1,630,000HERITAGE VALLEY SYSTEM FOUNDATION EXPENDED $1,630,000 DURING THE PERIOD OF JULY 2021 TO JUNE 2022 FROM BOARD-DESIGNATED FUNDS TO REIMBURSE HERITAGE VALLEY BEAVER, A DIVISION OF VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, FOR BUILDING SYSTEMS AND FACILITIES CAPITAL PROJECTS, IN ORDER TO ADDRESS THE AGING INFRASTRUCTURE OF THE HERITAGE VALLEY BEAVER CAMPUS. SOME OF THE LARGER PROJECTS THAT THE FOUNDATION REIMBURSED THE HOSPITAL FOR INCLUDED ROOF REPLACEMENT AND REPLACEMENT OF AIR HANDLING UNITS.
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION REIMBURSED VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, $301,892 FOR ADDITIONAL OPERATING COSTS INCURRED BY THE HOSPITALS RELATED TO THE COVID-19 PANDEMIC FOR PATIENT CARE INCLUDING THE FUNDING OF CRITICALLY IMPORTANT PERSONAL PROTECTIVE EQUIPMENT FOR STAFF.
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION REIMBURSED VALLEY MEDICAL FACILITIES, INC., A TAX RELATED ORGANIZATION, $229,834 TO PAY FOR SERVICES FOR QUALIFIED NEEDY AS ASSESSED BY CASE MANAGEMENT, FUNDS ARE ALSO PROVIDED FROM THE ADDISON GIBSON FOUNDATION TO ASSIST PATIENTS WITH HEALTH CARE WHO MAY GO WITHOUT TREATMENT BECAUSE OF FINANCIAL CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Mitry President & CEO | OfficerTrustee | 2 | $0 |
Kevin Flannery Chair | OfficerTrustee | 2 | $0 |
Robert Terwilliger Vice-Chair | OfficerTrustee | 2 | $0 |
Lynn Vescio Secretary | OfficerTrustee | 0.5 | $0 |
Frederick Clerici Treasurer | OfficerTrustee | 0.5 | $0 |
Terri Tunick RN Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $712 |
| Membership dues | $0 |
| Fundraising events | $119,442 |
| Related organizations | $43,603 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,169,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,125 |
| Total Program Service Revenue | $0 |
| Investment income | $1,486,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,520,314 |
| Net Income from Fundraising Events | -$23,605 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,316,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,566,100 |
| Grants and other assistance to domestic individuals. | $73,228 |
| 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 | $149,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,263 |
| Payroll taxes | $10,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,247 |
| Advertising and promotion | $0 |
| Office expenses | $586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39 |
| 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 | $2,871,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,844 |
| Savings and temporary cash investments | $427,553 |
| 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 | $36,744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $92,271,653 |
| Investments—other securities | $30,858,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,541 |
| Total assets | $124,107,725 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,040,272 |
| Deferred revenue | $189,269 |
| 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 | $1,229,541 |
| Net assets without donor restrictions | $107,484,235 |
| Net assets with donor restrictions | $15,393,949 |
| 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 | $124,107,725 |
Grants Awarded
Over the last fiscal year, Heritage Valley Health System Foundation has awarded $2,566,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY MEDICAL FACILITIES INC PURPOSE: SEE PART IV | $2,543,755 |
YMCA OF SEWICKLEY VALLEY PURPOSE: SEE PART IV | $22,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Valley Health System Foundation Mckees Rocks, PA | $124,107,725 | $9,316,079 |
Rainbow Of Hope Foundation Inc Mt Hope, OH | $927,503 | $1,158,031 |
Hudson Health Plan Inc Schenectady, NY | $0 | $489,953 |
American Association Of Healthcare Administrative Management Baltimore, MD | $71,315 | $0 |
Tzedakah Umarpe Charity Fund Ribbi Shimeon Bar Yohay Brooklyn, NY | $1,491,601 | $223,827 |
Nassau-Suffolk Hospital Shared Services Inc Hauppauge, NY | $1,405,063 | $7,966 |
Medcofund Inc New York, NY | $18,360 | $0 |