Union Hospital Of Cecil County Foundation Inc is located in Elkton, MD. The organization was established in 1992. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Union Hospital Of Cecil County 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, Union Hospital Of Cecil County Foundation Inc generated $630.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $636.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENGAGES IN FUNDRAISING TO SUPPORT THE UNION HOSPITAL OF CECIL COUNTY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS AND SUPERVISES FUNDRAISING ACTIVITIES ON BEHALF OF ITS TAX-EXEMPT AFFILIATES: THE UNION HOSPITAL OF CECIL COUNTY, INC.; UNION HOSPITAL OF CECIL COUNTY HEALTH SERVICES, INC; UNION HOSPITAL OF CECIL COUNTY ONCOLOGY, INC. AND AFFINITY HEALTH ALLIANCE. THE FOUNDATION ENGAGES IN CORPORATE FUNDRAISING, CAPITAL CAMPAIGNS, SPECIAL EVENTS, ACTIVITIES, AND A MULTI-FACETED COMMUNICATION PROGRAM THAT APPEALS TO PRIVATE AND CORPORATE CONTRIBUTORS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard C Szumel MD Pres. & CEO (thru 12/31/20) | OfficerTrustee | 1 | $0 |
Leo Najera MD Chair | OfficerTrustee | 1 | $0 |
James G Raab Thru 100920 Senior VP & CFO | Officer | 1 | $0 |
Fred Branscome Director | Trustee | 1 | $0 |
Jerry Moran Director | Trustee | 1 | $0 |
Henry Farkas MD Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $68,093 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $373,667 |
Noncash contributions included in lines 1a–1f | $31,985 |
Total Revenue from Contributions, Gifts, Grants & Similar | $441,760 |
Total Program Service Revenue | $0 |
Investment income | $165,314 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$146 |
Net Income from Fundraising Events | $22,957 |
Net Income from Gaming Activities | $732 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $630,617 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $189,346 |
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 | $205,134 |
Pension plan accruals and contributions | $146 |
Other employee benefits | $25,927 |
Payroll taxes | $14,434 |
Fees for services: Management | $25,000 |
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 | $47,245 |
Fees for services: Other | $25,092 |
Advertising and promotion | $9,166 |
Office expenses | $50,257 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $36,988 |
Travel | $241 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,353 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $753 |
Insurance | $0 |
All other expenses | $2,695 |
Total functional expenses | $636,777 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $323,172 |
Savings and temporary cash investments | $400 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $58,798 |
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 | $36,720 |
Net Land, buildings, and equipment | $8,024 |
Investments—publicly traded securities | $6,610,728 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,037,842 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $117,068 |
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 | $659,189 |
Total liabilities | $776,257 |
Net assets without donor restrictions | $6,261,585 |
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 | $7,037,842 |
Over the last fiscal year, we have identified 1 grants that Union Hospital Of Cecil County Foundation Inc has recieved totaling $14,000.
Awarding Organization | Amount |
---|---|
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $14,000 |
Organization Name | Assets | Revenue |
---|---|---|
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Bon Secours - St Francis Medical Center Inc Center Inc Richmond, VA | $0 | $100,867,544 |
Harford Memorial Hospital Inc Havre De Grace, MD | $204,952,590 | $97,757,591 |
Jeanes Hospital Philadelphia, PA | $0 | $90,864,313 |
Lehigh Valley Hospital - Coordinated Health Allentown Allentown, PA | $172,900,540 | $112,544,100 |
Halifax Regional Hospital Inc Norfolk, VA | $49,612,708 | $85,918,796 |
Shore Health Services Inc Newport News, VA | $73,414,092 | $98,574,947 |
Blue Mountain Hospital Allentown, PA | $0 | $78,395,652 |
Southside Community Hospital Inc Farmville, VA | $139,378,592 | $111,131,365 |
St Agnes Continuing Care Center Newtown Square, PA | $67,369,995 | $92,613,131 |
Primary Health Network Sharon, PA | $64,443,221 | $87,200,080 |
Waynesboro Hospital York, PA | $151,400,285 | $80,917,137 |