Bridgewater Healthcare Foundation Inc

Organization Overview

Bridgewater Healthcare Foundation Inc is located in Bridgewater, VA. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Bridgewater Healthcare Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewater Healthcare Foundation Inc 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 09/2021, Bridgewater Healthcare Foundation Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.8m during the year ending 09/2021. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Bridgewater Healthcare Foundation Inc has awarded 18 individual grants totaling $9,832,119. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT ORGANIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDRAISING, PUBLICATIONS, AND PUBLIC RELATIONS SUPPORT FOR THREE RELATED EXEMPT ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Carrie Budd
Vice President
$103,519
Tammy Jordan
Secretary
$49,820
Matt Robinson
Vice Chairman
$0
Connie Minnick
Chairman
$0
James Weaver
Treasurer
$0
Rodney Alderfer
President & CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $55,200
All other contributions, gifts, grants, and similar amounts not included above$978,259
Noncash contributions included in lines 1a–1f $93,559
Total Revenue from Contributions, Gifts, Grants & Similar$1,033,459
Total Program Service Revenue$0
Investment income $4,047,951
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,081,410

Grants Awarded

Over the last fiscal year, Bridgewater Healthcare Foundation Inc has awarded $1,276,798 in support to 3 organizations.

Grant RecipientAmount

BRIDGEWATER HOME INC

Org PageRecipient Profile

Bridgewater, VA

|

$1,074,512

BRIDGEWATER HEALTHCARE INC

Org PageRecipient Profile

Bridgewater, VA

|

$188,957

BRIDGEWATER VILLAGE INC

Org PageRecipient Profile

Bridgewater, VA

|

$13,329
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Bridgewater Healthcare Foundation Inc has recieved totaling $20,800.

Awarding OrganizationAmount
Houff Charitable Foundation

Weyers Cave, VA

PURPOSE: HEALTHCARE

$10,000
Houff Family Foundation

Mount Sidney, VA

PURPOSE: CHARITABLE

$10,000
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$800
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,607,585
Earnings$3,952,984
Net Contributions$194,716
Other Expense$674,823
Ending Balance$16,080,462

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