Upper Chesapeake Health Foundation Inc
- Assets
- $47.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Bel Air, MD
- Founding
- 07/1987
- Data as of
- 06/2021
- EIN
- 52-1398507
Organization Overview
Upper Chesapeake Health Foundation Inc is located in Bel Air, MD. The organization was established in 1987. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Upper Chesapeake Health 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 06/2021, Upper Chesapeake Health Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 17.4% 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 2018, Upper Chesapeake Health Foundation Inc has awarded 23 individual grants totaling $12,072,588. 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
SUPPORTING ORGANIZATION OF UNIVERSITY OF MARYLAND UPPER CHESAPEAKE HEALTH SYSTEM AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISE FOR AND DISTRIBUTE FUNDS FOR CAPITAL AND OPERATING PROGRAMS TO UNIVERSITY OF MARYLAND UPPER CHESAPEAKE HEALTH SYSTEM AND ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (ended 07/20) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,010 |
| Related organizations | $0 |
| Government grants | $1,122,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,590,329 |
| Noncash contributions included in lines 1a–1f | $32,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,843,671 |
| Total Program Service Revenue | $0 |
| Investment income | $834,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,596 |
| Net Income from Fundraising Events | -$81,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,872,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,979,634 |
| 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 | $873,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,652 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,775 |
| Advertising and promotion | $32,464 |
| Office expenses | $13,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,289 |
| Travel | $220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,674 |
| Total functional expenses | $4,479,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,596,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,321,989 |
| 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 | $46,100 |
| Investments—publicly traded securities | $40,226,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,868 |
| Total assets | $47,305,445 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,292,611 |
| Total liabilities | $12,292,611 |
| Net assets without donor restrictions | $22,663,443 |
| Net assets with donor restrictions | $12,349,391 |
| 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 | $47,305,445 |
Grants Awarded
Over the last fiscal year, Upper Chesapeake Health Foundation Inc has awarded $2,979,634 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Bel Air, MD PURPOSE: GENERAL SUPPORT | $1,765,844 |
Bel Air, MD PURPOSE: GENERAL SUPPORT | $945,337 |
UPPERCHESAPEAK RESIDENTIAL HOSPICE HOUSE PURPOSE: GENERAL SUPPORT | $250,000 |
Bel Air, MD PURPOSE: GENERAL SUPPORT | $18,453 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Upper Chesapeake Health Foundation Inc has recieved totaling $838,035.
| Awarding Organization | Amount |
|---|---|
Ralph And Shirley Klein Foundation Inc Forest Hill, MD PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $405,000 |
Patocs Foundation Marco Island, FL PURPOSE: SUPPORT PROGRAMS FOR THE EXPANSION AND IMPROVEMENT OF HEALTHCARE SERVICES TO SUPPORT THE UPPER CHESAPEAKE REGION | $175,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $100,200 |
Zazulak Burian Foundation Inc Towson, MD PURPOSE: IMPROVE HEALTH OF COMMUNITY | $60,000 |
Kleins Shoprite Of Maryland Charitable Fund Forest Hill, MD PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $37,200 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $30,400 |
Endowment Analysis
| Beg. Balance | $8,756,082 |
| Earnings | -$3,579,993 |
| Net Contributions | $2,834,536 |
| Other Expense | -$4,338,766 |
| Ending Balance | $12,349,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
The Hsc Foundation Washington, DC | $107,386,448 | $11,268,614 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Horizon Foundation Of Howard County Inc Columbia, MD | $95,051,877 | $2,906,262 |
Messiah Lifeways Mechanicsburg, PA | $3,767,505 | $5,505,262 |
Pottstown Area Health & Wellness Foundation Pottstown, PA | $88,468,067 | $7,361,536 |
Andrew Mcdonough B Positive Foundation Wilmington, DE | $5,256,523 | $5,566,397 |
Upper Chesapeake Health Foundation Inc Bel Air, MD | $47,305,445 | $3,872,894 |
Heritage Community Initiatives Braddock, PA | $3,376,185 | $4,220,898 |
Allied Services Foundation Clarks Summit, PA | $42,811,354 | $2,408,936 |