Ellwood City Hospital Foundation
- Assets
- $9.5m
- Revenue
- $239.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellwood City, PA
- Founding
- 02/2012
- Data as of
- 06/2020
- EIN
- 27-4160006
Organization Overview
Ellwood City Hospital Foundation is located in Ellwood City, PA. The organization was established in 2012. According to its NTEE Classification (F19) the organization is classified as: Support N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellwood City 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 06/2020, Ellwood City Hospital Foundation generated $239.3k 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 (25.6%) each year. All expenses for the organization totaled $268.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (37.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE, FOSTER, PROMOTE, AND ENHANCE THE QUALITY OF LIFE AND HEALTH FOR THE GENERAL PUBLIC OF ELLWOOD CITY, PENNSYLVANIA, AS WELL AS THE SURROUNDING GEOGRAPHICAL AREAS BY PROVIDING GRANT, GIFTS, AND OTHER DISTRIBUTIONS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM EXPENSES ARE RELATED TO THE INVESTMENT OF FUNDS. THE LAWRENCE COUNTY ORPHANS COURT DID NOT APPROVE THE PROPOSED CHANGES TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BY-LAWS. THE FOUNDATION APPEALED THE DECISION OF THE ORPHANS COURT TO THE COMMONWEALTH COURT OF PENNSYLVANIA. THE FOUNDATION CANNOT RELEASE ANY FUNDS UNTIL A RULING IS MADE BY THE COMMONWEALTH COURT OF PENNSYLVANIA.
THE PROGRAM EXPENSES ARE RELATED TO THE INVESTMENT OF FUNDS. THE LAWRENCE COUNTY ORPHANS COURT DID NOT APPROVE THE PROPOSED CHANGES TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BY-LAWS. THE FOUNDATION APPEALED THE DECISION OF THE ORPHANS COURT TO THE COMMONWEALTH COURT OF PENNSYLVANIA. THE FOUNDATION CANNOT RELEASE ANY FUNDS UNTIL A RULING IS MADE BY THE COMMONWEALTH COURT OF PENNSYLVANIA.
THE PROGRAM EXPENSES ARE RELATED TO THE INVESTMENT OF FUNDS. THE LAWRENCE COUNTY ORPHANS COURT DID NOT APPROVE THE PROPOSED CHANGES TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BY-LAWS. THE FOUNDATION APPEALED THE DECISION OF THE ORPHANS COURT TO THE COMMONWEALTH COURT OF PENNSYLVANIA. THE FOUNDATION CANNOT RELEASE ANY FUNDS UNTIL A RULING IS MADE BY THE COMMONWEALTH COURT OF PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Tomaszewski President | OfficerTrustee | 1 | $0 |
Dr Ravi Alagar Secretary | OfficerTrustee | 0.5 | $0 |
Arthur Smilek Treasurer | OfficerTrustee | 0.5 | $0 |
E William Matthews Executive Director | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $210,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,309 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $17,383 |
| Fees for services: Legal | $201,838 |
| Fees for services: Accounting | $11,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $750 |
| 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 | $13,494 |
| All other expenses | $0 |
| Total functional expenses | $268,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044 |
| 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 | $11,551 |
| Investments—publicly traded securities | $9,483,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,497,054 |
| Accounts payable and accrued expenses | $32,921 |
| 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 | $32,921 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,464,133 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ellwood City Hospital Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Scott Foundation Inc Greensburg, PA PURPOSE: FACILITIES MAINTENANCE | $10,000 |
Endowment Analysis
| Beg. Balance | $9,385,117 |
| Earnings | $314,735 |
| Other Expense | $216,393 |
| Ending Balance | $9,483,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Regreso Inc Brooklyn, NY | $16,686,101 | $3,596,737 |
Alcoholic Anonymous Grapevine Inc New York, NY | $2,916,568 | $2,735,032 |
Bhc Advanced Services Inc Mercer, PA | $546,828 | $1,996,961 |
Community Cares Local Development Corporation New York, NY | $28,738,609 | $1,180,525 |
The Orange County Council On Alcoholism Inc Middletown, NY | $361,590 | $1,500,524 |
Qlarant Inc Easton, MD | $5,076,836 | $1,969,708 |
Imogen Roche Foundation Inc New York, NY | $641,976 | $1,220,382 |
Pittsburgh Behavioral Services Inc Pittsburgh, PA | $165,092 | $1,237,201 |
Agape Storage Health Care Services Philadelphia, PA | $251,011 | $577,374 |
Arc Maryland Inc Columbia, MD | $3,739,957 | $1,010,324 |
Pennsylvania Peer Support Coalition Lancaster, PA | $257,388 | $563,855 |
Ellwood City Hospital Foundation Ellwood City, PA | $9,497,054 | $239,309 |