Heritage Valley Health System Foundation
- Assets
- $140.4m
- Revenue
- $6.0m
- Investments
- $39.5m
- Employees
- 0
- Location
- Mckees Rocks, PA
- Founding
- 01/1997
- Data as of
- 06/2021
- 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OHERITAGE VALLEY HEALTH SYSTEM FOUNDATION IS A SUPPORTING ORGANIZATION AND IS RESPONSIBLE FOR CARRYING OUT THE PHILANTHROPIC ACTIVITIES FOR HERITAGE VALLEY SEWICKLEY, AND HERITAGE VALLEY BEAVER, 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
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION EXPENDED $595,000 FROM THE PERIOD OF JULY 2020 THRU JUNE 2021 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, TO ADDRESS THE AGING INFRASTRUCTURE OF THE BEAVER CAMPUS.
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION TRANSFERRED TO HERITAGE VALLEY SEWICKLEY, A DIVISION OF VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, TO REIMBURSE FOR COSTS INCURRED FOR THE FOLLOWING:HVS NURSING EDUCATION AND SIMULATION CENTER - $60,567THE SOURCE OF FUNDS IS THE GRANT FROM THE RAYMOND C. AND MARTHA S. SUCKLING FUND AT THE PITTSBURGH FOUNDATION. A FLOOR OF THE FORMER HVHS SCHOOL OF NURSING BUILDING HAS BEEN DESIGNATED TO BE A NURSING EDUCATION AND SIMULATION CENTER. THE CURRENT VACANT AREA REQUIRES ARCHITECTURAL DESIGNS / DRAWINGS AND PA DEPARTMENT OF HEALTH APPROVAL PRIOR TO CONSTRUCTION. A FULL SCOPE OF WORK AND BUDGET WILL BE DEVELOPED ONCE THE DESIGN AND APPROVAL IS COMPLETE. WHILE THE CENTER WILL HOUSE A STATE OF THE ART SIMULATION LAB AND MANIKINS, THERE IS AN IMMEDIATE NEED FOR TRAINING ON MANIKINS. THE MANIKINS WILL BE SUBSEQUENTLY MOVED TO THE CENTER. THIS YEAR'S DONATED FUNDS WERE USED IN THE FOLLOWING MANNER:- TO FURTHER DEVELOP THE SIMULATION ROOMS- PURCHASE LAPTOPS FOR NURSE EDUCATORS- PURCHASE COMPUTERS ON WHEELS FOR ALL HERITAGE VALLEY SEWICKLEY NURSING UNITS.REIMBURSEMENT TO VALLEY MEDICAL FACILITIES FOR EMPLOYEES RETENTION BONUSES AND GIFT CARDS 887,498 PATIENT VAN TRANSPORTATION 67,375CHARITY CARE 33,507PATIENT TRANSPORTATION 7,474STAUNTON CLINIC 5,266
HERITAGE VALLEY HEALTH SYSTEM FOUNDATION TRANSFERRED TO HERITAGE VALLEY BEAVER, AND HERITAGE VALLEY SEWICKLEY, DIVISIONS OF VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, TO REIMBURSE FOR COSTS INCURRED FOR COMMUNITY HEALTH SERVICES (CHS), WHICH PROVIDE PATIENTS LIVING WITH CHRONIC HEALTH CONDITIONS WITH THE HIGHEST QUALITY AND MOST EFFICIENT CARE THROUGH PROGRAMS IN PREGNANCY HEALTH SERVICES, PEDIATRIC ASTHMA, DIABETES/NUTRITION COMPREHENSIVE CARE, COMMUNITY ADVANCED ILLNESS, METABOLIC SYNDROME, COMMUNITY OUTREACH AND PEDIATRIC OBESITY. THE NUMBER OF PATIENT CASES IN CHS PROGRAMS FROM JULY 1, 2020 TO JUNE 30, 2021 WAS 365. PROGRAM OUTCOMES ARE COLLECTED IN EACH SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Terwilliger Vice-Chair | OfficerTrustee | 2 | $0 |
Lynn Vescio Secretary | OfficerTrustee | 0.5 | $0 |
Kevin Flannery Chair | OfficerTrustee | 2 | $0 |
Frederick Clerici Treasurer | OfficerTrustee | 0.5 | $0 |
Norman Mitry President & CEO | OfficerTrustee | 2 | $0 |
Robert Rosenberger CFO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,734 |
| Membership dues | $0 |
| Fundraising events | $15,410 |
| Related organizations | $40,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $999,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,851 |
| Total Program Service Revenue | $0 |
| Investment income | $1,275,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,683,074 |
| Net Income from Fundraising Events | -$6,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,008,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,782,269 |
| Grants and other assistance to domestic individuals. | $110,962 |
| 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 | $139,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,730 |
| Payroll taxes | $10,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,286 |
| Advertising and promotion | $0 |
| Office expenses | $677 |
| 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 | $2,093,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,525 |
| Savings and temporary cash investments | $1,400,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $738 |
| 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 | $34,582 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $98,962,141 |
| Investments—other securities | $39,486,314 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $214,916 |
| Total assets | $140,376,483 |
| Accounts payable and accrued expenses | $17,700 |
| Grants payable | $431,024 |
| Deferred revenue | $285,829 |
| 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 | $734,553 |
| Net assets without donor restrictions | $122,952,261 |
| Net assets with donor restrictions | $16,689,669 |
| 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 | $140,376,483 |
Grants Awarded
Over the last fiscal year, Heritage Valley Health System Foundation has awarded $1,782,269 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sewickley, PA PURPOSE: SEE PART IV | $1,775,479 |
Sewickley, PA PURPOSE: SEE PART IV | $6,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Valley Health System Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,000 |
Endowment Analysis
| Beg. Balance | $111,060,599 |
| Earnings | $29,890,654 |
| Admin Expense | $486,558 |
| Net Contributions | $1,072,261 |
| Other Expense | $1,784,064 |
| Grants | $110,962 |
| Ending Balance | $139,641,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Valley Health System Foundation Mckees Rocks, PA | $140,376,483 | $6,008,540 |
Rainbow Of Hope Foundation Inc Mt Hope, OH | $921,794 | $946,538 |
Hudson Health Plan Inc Schenectady, NY | $0 | $489,953 |
Twining Residents Trust Holland, PA | $0 | $0 |
Tzedakah Umarpe Charity Fund Ribbi Shimeon Bar Yohay Brooklyn, NY | $1,470,536 | $281,144 |
Nassau-Suffolk Hospital Shared Services Inc Hauppauge, NY | $1,458,494 | $102,728 |
American Association Of Healthcare Administrative Management Baltimore, MD | $127,039 | $0 |
Medcofund Inc New York, NY | $16,366 | $0 |