Riverview Hospital Foundation Inc
- Assets
- $6.3m
- Revenue
- $830.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Noblesville, IN
- Founding
- 12/1976
- Data as of
- 12/2023
- EIN
- 35-1378456
Organization Overview
Riverview Hospital Foundation Inc, operating under the name Riverview Health Foundation, is located in Noblesville, IN. The organization was established in 1976. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Riverview 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 12/2023, Riverview Health Foundation generated $830.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $728.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION HAS BEEN ORGANIZED TO PRIMARILY SUPPORT RIVERVIEW HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO RIVERVIEW HEALTH. THE CORPORATION HAS BEEN ORGANIZED FOR THE PRIMARY PURPOSE OF SUPPORTING RIVERVIEW HEALTH, PROMOTING IMPROVEMENT OF THE FACILITIES AND SERVICES OF RIVERVIEW HEALTH, AND RAISING AND EXPENDING FUNDS FOR THE BENEFIT OF RIVERVIEW HEALTH. IN 2023, THE FOUNDATION PROVIDED FUNDS TO SUPPORT THE EMPLOYEES OF RIVERVIEW HEATH, THE EXPANSION OF THE INFUSION CENTER, COVID-19 SUPPORT FUNDS AND SUPPORT FOR OTHER ONGOING PROJECTS INCLUDING THE ACUTE INPATIENT REHABILITATION UNIT RENOVATION.
DURING 2023, $11,250 WORTH OF SCHOLARSHIPS WERE AWARDED TO 8 INDIVIDUALS.
TO HELP FOR HEALING PRESCRIPTION ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Lakes Chair | OfficerTrustee | 1 | $0 |
Rick Conner Vice Chair | OfficerTrustee | 1 | $0 |
Gregory O'connor Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Andrew Cornell Past Chair | OfficerTrustee | 1 | $0 |
Aaron Coers Director | Trustee | 1 | $0 |
Kate Borkowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,210 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,517 |
| Noncash contributions included in lines 1a–1f | $4,584 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,727 |
| Total Program Service Revenue | $0 |
| Investment income | $151,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,944 |
| Net Income from Fundraising Events | $47,288 |
| Net Income from Gaming Activities | $5,971 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $547,608 |
| Grants and other assistance to domestic individuals. | $59,637 |
| 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 | $1,855 |
| Fees for services: Accounting | $10,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,788 |
| Fees for services: Other | $13,262 |
| Advertising and promotion | $0 |
| Office expenses | $22,682 |
| 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 | $6,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,424 |
| Total functional expenses | $728,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,505 |
| Pledges and grants receivable | $199,754 |
| 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 | $4,786 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,954,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,552 |
| Total assets | $6,270,684 |
| Accounts payable and accrued expenses | $23,886 |
| 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 | $23,886 |
| Net assets without donor restrictions | $2,831,651 |
| Net assets with donor restrictions | $3,415,147 |
| 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 | $6,270,684 |
Grants Awarded
Over the last fiscal year, Riverview Hospital Foundation Inc has awarded $597,308 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT FIT AMERICA PURPOSE: INSTALL EXERCISE EQUIPMENT & PROGRAM AT HAMILTON COUNTY ELEMENTARY SCHOOLS | $52,500 |
RIVERVIEW HOSPITAL PURPOSE: CAPITAL IMPROVEMENTS, EDUCATIONAL PROGRAMS, MEDICAL RESEARCH, NEW OR EXPERIMENTAL HEALTH SERVICES AND OTHER SERVICES RELATED TO THE PRINCIPLE PURPOSES OF THE HOSPITAL | $544,808 |