Delaware Foundation For Medical Services Ltd is located in Newark, DE. The organization was established in 2002. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Delaware Foundation For Medical Services Ltd 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 12/2021, Delaware Foundation For Medical Services Ltd generated $211.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $235.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Delaware Foundation For Medical Services Ltd has awarded 26 individual grants totaling $2,722,793. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF MEDICAL CARE IN THE STATE OF DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES AWARDS TO PROMOTE PROGRAMS FOR BETTER ACCESS AND QUALITY OF HEALTHCARE IN THE STATE OF DELAWARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael A Alexander MD Chair | OfficerTrustee | 5 | $0 |
Edward R Sobel DO Vice Chair | OfficerTrustee | 5 | $0 |
Richard E Menkiewicz Treasurer | OfficerTrustee | 5 | $0 |
Andrew Willet MD Secretary | OfficerTrustee | 5 | $0 |
Justin Eldridge MD Board Member | Trustee | 5 | $0 |
Nancy Fan MD Board Member | Trustee | 5 | $0 |
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 | $43,415 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $43,415 |
Total Program Service Revenue | $0 |
Investment income | $62,654 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $105,826 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $211,895 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $157,546 |
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 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 | $42,600 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $10,991 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $235,869 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $98,826 |
Savings and temporary cash investments | $559 |
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 | $261,047 |
Investments—other securities | $1,665,743 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,026,175 |
Accounts payable and accrued expenses | $4,155 |
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 | $4,155 |
Net assets without donor restrictions | $2,022,020 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,026,175 |
Over the last fiscal year, Delaware Foundation For Medical Services Ltd has awarded $152,546 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Newark, DE PURPOSE: THE ORGANIZATION PROVIDES GRANTS TO ITS SUPPORTED ORGANIZATION TO HELP FURTHER DFMS'S PROGRAMS. | $136,432 |
Dover, DE PURPOSE: GRANTS WERE PROVIDED TO THE HOPE MEDICAL CLINIC FOR MALPRACTICE INSURANCE. | $10,000 |
Georgetown, DE PURPOSE: GRANTS WERE PROVIDED TO THE ROSA HEALTH CENTER FOR MALPRACTICE INSURANCE. | $6,114 |
Beg. Balance | $1,884,645 |
Earnings | $242,154 |
Other Expense | $42,463 |
Grants | $157,546 |
Ending Balance | $1,926,790 |
Organization Name | Assets | Revenue |
---|---|---|
Carbon Schiylkill Community Hospital Inc Allentown, PA | $59,769,388 | $99,125,691 |
Mercy Management Of Southeastern Pennsylvania Newtown Square, PA | $35,720,609 | $73,428,076 |
Mount Nittany Medical Center Health Services Inc State College, PA | $76,955,492 | $122,027,068 |
Hackensack Meridian Health Inc Edison, NJ | $4,603,504,808 | $570,011,580 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $51,745,576 | $84,060,384 |
Hackensack Meridian Health Inc Neptune, NJ | $71,369,061 | $79,547,655 |
Trinity Health Of The Mid-Atlantic Region Newtown Square, PA | $176,808,635 | $95,052,578 |
Robert Wood Johnson Health Network Inc Oceanport, NJ | $28,225,653 | $62,188,927 |
Vitalant Pittsburgh, PA | $159,473,339 | $66,470,403 |
Merakey Usa Lafayette Hill, PA | $176,785,853 | $59,186,267 |
Behavioral Wellness Center At Girard Philadelphia, PA | $26,586,230 | $42,933,018 |
Hackensack Meridian Health Inc Neptune, NJ | $16,398,664 | $35,763,522 |