Samaritan Hospital Foundation
- Assets
- $62.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Ashland, OH
- Founding
- 01/1996
- Data as of
- 12/2023
- EIN
- 34-1783215
Organization Overview
Samaritan Hospital Foundation is located in Ashland, OH. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Samaritan Hospital Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samaritan 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 12/2023, Samaritan Hospital Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Samaritan Hospital Foundation has awarded 140 individual grants totaling $20,895,921. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO SAMARITAN REGIONAL HEALTH SYSTEM AND TO PROVIDE HEALTH AND WELLNESS INITIATIVES TO THE ASHLAND COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO SAMARITAN REGIONAL HEALTH SYSTEM AND TO PROVIDE HEALTH AND WELLNESS INITIATIVES TO THE ASHLAND COUNTY COMMUNITY. DURING FISCAL YEAR 2023, THE FOUNDATION PROVIDED 4,836,156 IN GRANTS AND SCHOLARSHIPS TO THE HOSPITAL AND THE LOCAL COMMUNITY. ADDITIONAL FUNDING WAS PROVIDED TO ASHLAND COUNTY NON- PROFIT AND GOVERNMENTAL AGENCIES TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITY.
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO SAMARITAN REGIONAL HEALTH SYSTEM AND TO PROVIDE HEALTH AND WELLNESS INITIATIVES TO THE ASHLAND COUNTY COMMUNITY. DURING FISCAL YEAR 2023, THE FOUNDATION PROVIDED 4,836,156 IN GRANTS AND SCHOLARSHIPS TO THE HOSPITAL AND THE LOCAL COMMUNITY. ADDITIONAL FUNDING WAS PROVIDED TO ASHLAND COUNTY NON- PROFIT AND GOVERNMENTAL AGENCIES TO IMPROVE THE HEALTH AND WELLNESS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Beal President | OfficerTrustee | 20 | $254,600 |
Paul Myers Chair | OfficerTrustee | 1 | $0 |
Jack Vanosdall Vice Chair | OfficerTrustee | 1 | $0 |
Ronald Leddy Treasurer | OfficerTrustee | 1 | $0 |
Don Haag Secretary | OfficerTrustee | 1 | $0 |
Polly Chandler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,620 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,599 |
| Total Program Service Revenue | $252,600 |
| Investment income | $788,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,743 |
| Net Income from Fundraising Events | -$3,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,247,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,734,156 |
| Grants and other assistance to domestic individuals. | $102,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,600 |
| Compensation of current officers, directors, key employees. | $152,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,155 |
| Fees for services: Management | $3,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $220,933 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,355 |
| Office expenses | $48,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,761 |
| Insurance | $2,185 |
| All other expenses | $0 |
| Total functional expenses | $5,826,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,901 |
| 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 | $381,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,666 |
| Net Land, buildings, and equipment | $2,091,719 |
| Investments—publicly traded securities | $59,260,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,061,534 |
| Accounts payable and accrued expenses | $4,727 |
| Grants payable | $0 |
| Deferred revenue | $89,318 |
| 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 | $3,710,429 |
| Total liabilities | $3,804,474 |
| Net assets without donor restrictions | $57,748,510 |
| Net assets with donor restrictions | $508,550 |
| 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 | $62,061,534 |
Grants Awarded
Over the last fiscal year, Samaritan Hospital Foundation has awarded $4,628,433 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN REGIONAL HEALTH SYSTEM PURPOSE: REFER TO PART IV | $4,008,360 |
ASHLAND CHRISTIAN HEALTH CENTER PURPOSE: REFER TO PART IV | $86,450 |
ASHLAND FAMILY YMCA PURPOSE: REFER TO PART IV | $70,750 |
PATHFINDER FARMS INC PURPOSE: REFER TO PART IV | $50,000 |
ASHLAND COUNTY CANCER ASSOCIATION PURPOSE: REFER TO PART IV | $37,722 |
ASHLAND COUNTY PROSECUTOR'S OFFICE PURPOSE: REFER TO PART IV | $45,681 |