New River Valley Health Foundation
- Assets
- $4.6m
- Revenue
- $272.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 52-1349560
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 12/2021, New River Valley Health Foundation generated $272.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $237.5k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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, New River Valley Health Foundation has awarded 46 individual grants totaling $3,169,370. 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
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) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Zeman Vice Chairman | OfficerTrustee | 2 | $0 |
Fred L Newhouse Jr Chairman | OfficerTrustee | 2 | $0 |
Sally Mccarthy Secretary | OfficerTrustee | 2 | $0 |
Michael Barber Treasurer | OfficerTrustee | 2 | $0 |
Jerry Smith Director | Trustee | 1 | $0 |
Frederick Kellerman Director | Trustee | 1 | $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 | $116,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,301 |
| Net Gain/Loss on Asset Sales | $132,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,330 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,929 |
| 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 | $1,328 |
| All other expenses | $0 |
| Total functional expenses | $237,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,439 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $109,150 |
| Investments—publicly traded securities | $4,439,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,577,534 |
| Accounts payable and accrued expenses | $2,924 |
| 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 | $2,924 |
| Net assets without donor restrictions | $4,574,610 |
| 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 | $4,577,534 |
Grants Awarded
Over the last fiscal year, New River Valley Health Foundation has awarded $175,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Pulaski, VA PURPOSE: OPERATING EXPENSES | $65,000 |
Radford, VA PURPOSE: OPERATING EXPENSES | $50,000 |
Radford, VA PURPOSE: OPERATING EXPENSES | $25,000 |
Roanoke, VA PURPOSE: OOPERATING EXPENSES | $10,000 |
NEW RIVER COMMUNITY ACTION FLOYD PURPOSE: OPERATING EXPENSES | $10,000 |
MONTGOMERY PUBLIC SCHOOLS PURPOSE: OPERATING EXPENSES | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New River Valley Health Foundation has recieved totaling $83,475.
| Awarding Organization | Amount |
|---|---|
Virginia Health Care Foundation Richmond, VA PURPOSE: RxRelief | $83,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Health System Inc S Charleston, WV | $66,489,070 | $891,312 |
Community Care Of North Carolina Inc Cary, NC | $40,141,694 | $99,043,731 |
Foundation Health Systems Corp Winston Salem, NC | $284,421,963 | $92,305,767 |
Uva Prince William Health System Manassas, VA | $34,920,621 | $47,526,474 |
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |
Associated Health Services Inc Durham, NC | $37,513,623 | $28,247,702 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Consumer Healthcare Products Association Washington, DC | $25,820,737 | $21,722,760 |