New River Valley Health Foundation

Organization Overview

New River Valley Health Foundation is located in Roanoke, VA. The organization was established in 1984. 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. New River Valley 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 12/2022, New River Valley Health Foundation generated $241.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $834.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, New River Valley Health Foundation has awarded 64 individual grants totaling $5,732,169. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

NEW RIVER VALLEY HEALTH FOUNDATION (THE FOUNDATION) IS A TAX-EXEMPT, NONSTOCK, NONPROFIT CORPORATION ORGANIZED TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION OFFERS FINANCIAL ASSISTANCE IN THE FORM OF CONTRIBUTIONS, LOANS, AND LEASING ARRANGEMENTS TO SELECTED ORGANIZATIONS WHO PRIMARILY ARE PROVIDERS OF HEALTH CARE SERVICES IN THE NEW RIVER VALLEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S PURPOSE IS TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE NEW RIVER VALLEY.


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Board, Officers & Key Employees

Name (title)Compensation
Fred L Newhouse Jr
Chairman
$0
Shannon Zeman
Vice Chairman
$0
Sally Mccarthy
Secretary
$0
Michael Barber
Treasurer
$0
Jerry Smith
Director
$0
Jeff L Irby
Director
$0

Financial Statements

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $87,003
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,250
Net Gain/Loss on Asset Sales $129,963
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $241,520

Grants Awarded

Over the last fiscal year, New River Valley Health Foundation has awarded $762,000 in support to 6 organizations.

Grant RecipientAmount

FREE CLINIC OF PULASKI CO INC

PURPOSE: OPERATING EXPENSES

$65,000

WOMEN'S RESOURCE CENTER OF NRV

PURPOSE: PROVIDE EMERGENCY SHELTER, TRANSITIONAL HOUSING, COUNSELING, AND LEGAL SERVICES

$50,000

NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

PURPOSE: FLOYD BACKPACK PROGRAM

$15,000

NEW RIVER VALLEY AGENCY ON AGING

PURPOSE: ASSISTANCE WITH NUTRITION PROGRAM

$10,000

EDWARD VIA COLLEGE OF OSTEOPATHIC MEDICINE

PURPOSE: CREATE A PERMANENT ENDOWED SCHOLARSHIP PROGRAM

$612,000

PULASKI ADULT DAY SERVICE AND FALL PREVENTION CENTER

PURPOSE: PROVIDE ASSISTANCE FOR THOSE IN NEED TO ADULT DAY CARE HEALTH SERVICES

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Carolina Healthcare Associates Inc
Winston Salem, NC
$70,804,082
Uva Prince William Health System
Manassas, VA
$48,895,525
Fayette Physician Network Inc
Morgantown, WV
$62,914,180
Community Health Systems Inc
Beckley, WV
$67,513,738
Thomas Health System Inc
South Charleston, WV
$2,022,435
Associated Health Services Inc
Durham, NC
$53,163,809
Riverside Healthcare Association Inc
Newport News, VA
$37,432,034
Wakemed
Raleigh, NC
$32,481,397
North Carolina Community Carenetworks Inc
Cary, NC
$53,649,197
Foundation Health Systems Corp
Winston Salem, NC
$38,638,230
Monongalia Health System Inc
Morgantown, WV
$25,250,603
Nea Baptist Health System Inc
Memphis, TN
$24,256,224
Ccmh Corporation
Carrollton, KY
$22,263,428
Consumer Healthcare Products Association
Washington, DC
$22,609,142
Greene County Health Care Incorporated
Snow Hill, NC
$26,455,198
Appalachian Mountain Community He
Asheville, NC
$28,543,825
Juniper Health Inc
Beattyville, KY
$20,258,566
North Carolina Community Health Center Association
Raleigh, NC
$21,019,340
Western Maryland Health Care Corporation
Oakland, MD
$17,755,859
Henderson County Health Care Corporation
Henderson, KY
$18,504,236
Maryland Medicine P A
Baltimore, MD
$15,985,943
Abingdon Physician Partners
Johnson City, TN
$14,207,933
Kuumba Community Health & Wellness Center Inc
Roanoke, VA
$14,559,995
Newport News General & Nonsectarian Hospital Assoc Inc
Newport News, VA
$15,289,932
Harrisonburg Community Health Center Inc
Harrisonburg, VA
$13,780,774

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