Laurel Health Foundation
- Assets
- $24.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 04/2013
- Data as of
- 06/2022
- EIN
- 25-1810488
Organization Overview
Laurel Health Foundation is located in Wellsboro, PA. The organization was established in 2013. 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. Laurel Health 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 06/2022, Laurel Health Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $734.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Laurel Health Foundation has awarded 30 individual grants totaling $6,302,667. 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
THE PURPOSE OF THE LAUREL HEALTH FOUNDATION IS TO SUPPORT THE PROVISION AND OVERALL DELIVERY OF HEALTH CARE SERVICES IN TIOGA COUNTY, PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUREL HEALTH FOUNDATION PROVIDES FINANCIAL SUPPORT FOR OTHER TAX-EXEMPT ORGANIZATIONS WITHIN TIOGA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Butler President | OfficerTrustee | 1 | $0 |
R Robert Decamp Secretary | OfficerTrustee | 1 | $0 |
Robert Morris Treasurer | OfficerTrustee | 1 | $0 |
Glenn Poirier Chairman | OfficerTrustee | 1 | $0 |
Kathy Wright Vice- Chairm | OfficerTrustee | 1 | $0 |
Gretchen Tennis CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $515,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $786,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,302,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $508,928 |
| Grants and other assistance to domestic individuals. | $109,907 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,427 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $352 |
| 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 | $2,219 |
| All other expenses | $0 |
| Total functional expenses | $734,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $24,250,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,250,721 |
| Accounts payable and accrued expenses | $14,162 |
| 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 | $0 |
| Total liabilities | $14,162 |
| Net assets without donor restrictions | $3,938,712 |
| Net assets with donor restrictions | $20,297,847 |
| 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 | $24,250,721 |
Grants Awarded
Over the last fiscal year, Laurel Health Foundation has awarded $504,728 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA | | $475,123 |
Mansfield, PA | | $18,759 |
Pittsburgh, PA | | $10,846 |
Endowment Analysis
| Beg. Balance | $21,453,762 |
| Earnings | -$2,716,963 |
| Admin Expense | $81,691 |
| Grants | $616,795 |
| Ending Balance | $18,038,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |