Suburban Hospital Foundation Inc
- Assets
- $43.4m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Bethesda, MD
- Founding
- 12/1997
- Data as of
- 06/2020
- EIN
- 52-2019696
Organization Overview
Suburban Hospital Foundation Inc is located in Bethesda, MD. The organization was established in 1997. 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 06/2021, Suburban Hospital Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suburban Hospital 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 06/2020, Suburban Hospital Foundation Inc generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $2.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR SUBURBAN HOSPITAL, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBURBAN HOSPITAL FOUNDATION PROVIDES SUPPORT FOR SUBURBAN HOSPITAL'S EMERGENCY PREPAREDNESS PLAN. HOSPITALS PLAY A CRITICAL ROLE IN PROVIDING COMMUNITIES WITH ESSENTIAL MEDICAL CARE DURING ALL TYPES OF DISASTER. DEPENDING ON THEIR SCOPE AND NATURE, DISASTERS CAN LEAD TO A RAPIDLY INCREASING SERVICE DEMAND THAT CAN OVERWHELM THE FUNCTIONAL CAPACITY AND SAFETY OF HOSPITALS AND THE HEALTH-CARE SYSTEM AT LARGE. DISASTER GRANT FUNDS ARE UTILIZED TO SUPPORT THE "ALL HAZARDS" EMERGENCY PREPAREDNESS PLANNING PARADIGM FOR HOSPITALS.
SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING FOR THE CASEY RN SCHOLARSHIP FOR NURSING EXCELLENCE PROGRAM. THE INTEREST EARNED FROM THE CORPUS OF THE EUGENE B. CASEY ENDOWMENT FUND SHALL BE USED TO PROVIDE SCHOLARSHIP GRANTS TO SUPPORT THE UNDERGRADUATE TUITION OF STUDENTS PURSUING DEGRESS IN NURSING; AND TO PROVIDE GRANTS TO SUPPORT THE TUITION OF EXISTING NURSES AND OTHER KEY CAREGIVERS SEEKING GRADUATE DEGREES IN NURSING, AND OTHER ADVANCED TRAINING DEEMED VITAL TO THE IMPROVEMENT OF PATIENT CARE AND THE RETENTION OF OUTSTANDING CAREGIVERS AT SUBURBAN HOSPITAL, INC.
SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING FOR THE NURSING EXCELLENCE FUND IN COLLABORATION WITH SUBURBAN HOSPITAL, INC. THIS PROGRAMS IS USED TO PROMOTE EFFECTIVE NURSING INTERVENTIONS, EFFICIENT CARE, AND IMPROVED OUTCOMES FOR PATIENTS, AND TO PROVIDE THE BEST AVAILABLE EVIDENCE FOR CLINICAL, ADMINISTRATIVE, AND EDUCATIONAL DECISION MAKING. SUPPORT FOR THE TRAINING AND ADVANCEMENT OF OUR CURRENT NURSES AND THEIR PROFESSIONAL PRACTICE OF THE ART AND SCIENCE OF NURSING, INCLUDING NURSING GOVERNANCE, QUALITY, PREPARATION AND ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Merz VP Foundation | Officer | 50 | $169,504 |
Stacey Goldsamt Director Of Development | 50 | $125,083 | |
Janine Werkman Assoc Dir Development | 50 | $106,171 | |
Jacky Schultz Trustee, President & CEO | OfficerTrustee | 4 | $0 |
Marty Basso Trustee & Treasurer | OfficerTrustee | 4 | $0 |
Leighann Sidone RN Trustee, President & CEO | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,031,713 |
| Investment income | $383,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$278,038 |
| Net Income from Fundraising Events | -$96,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,123,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $121,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $160,271 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $133,439 |
| Information technology | $62,938 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,887,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,806,263 |
| 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 | $194,480 |
| Investments—publicly traded securities | $31,358,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,359,285 |
| Accounts payable and accrued expenses | $89,105 |
| 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 | $215,183 |
| Total liabilities | $304,288 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $43,054,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Suburban Hospital Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Jerold J & Marjorie N Principato Foundation Inc Chevy Chase, MD PURPOSE: GENERAL GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Newport News General & Nonsectarian Hospital Assoc Inc Newport News, VA | $153,163,041 | $18,790,275 |
Kuumba Community Health & Wellness Center Inc Roanoke, VA | $14,550,456 | $13,244,163 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Western Maryland Health Care Corporation Oakland, MD | $13,609,447 | $14,070,540 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |