Suburban Hospital Foundation Inc
- Assets
- $28.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Bethesda, MD
- Founding
- 12/1997
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Suburban Hospital Foundation Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 0.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR SUBURBAN HOSPITAL, INC.
Describe the Organization's Program Activity:
SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE RESILIENCE IN STRESSFUL EVENTS (RISE) PROGRAM AT SUBURBAN HOSPITAL. THIS PROGRAM PROVIDES THE AVAILABILITY OF TRAINED DEDICATED PEER RESPONDERS TO PROVIDE 24/7 SUPPORT FOR STAFF EXPERIENCING WORK-RELATED STRESS. THE TRAINED RESPONDERS CARRY A CELL PHONE WHEN THEY ARE ON DUTY TO RESPOND TO CALLS AND TEXTS FROM THEIR CO-WORKERS. SUBURBAN HOSPITAL FOUNDATION ASSISTED WITH THE PURCHASE OF EQUIPMENT, MATERIALS, TRAINING, EDUCATION AND SUPPLIES.
SUBURBAN HOSPITAL FOUNDATION PROVIDED FUNDING TO PURCHASE CAPITAL EQUIPMENT AND RENOVATIONS FOR THE BEHAVIORAL HEALTH PROGRAM AT SUBURBAN HOSPITAL. SUBURBAN HOSPITAL PROVIDES AN ARRAY OF COMPREHENSIVE BEHAVIORAL HEALTH SERVICES FOR INDIVIDUALS WITH EMOTIONAL PROBLEMS, MENTAL ILLNESS AND ADDICTIVE DISEASES, AS WELL AS SERVICES DESIGNED TO FOSTER MENTAL HEALTH.
SUBURBAN HOSPITAL FOUNDATION PROVIDES FUNDING FOR THE NURSING EXCELLENCE FUND IN COLLABORATION WITH SUBURBAN HOSPITAL, INC. THIS PROGRAM 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 |
|---|---|---|---|
Carolyn Carpenter Mha Fache Trustee | Trustee | 2 | $0 |
Marty Basso Treasurer, Trustee | OfficerTrustee | 2 | $0 |
Jessica Thompson Melton Mha President And Ceo, Trustee | OfficerTrustee | 2 | $0 |
Joseph Linstrom Trustee | Trustee | 1 | $0 |
Julie Futrovsky Trustee, Chairman | Trustee | 4 | $0 |
Jacqueline Beale Trustee | Trustee | 4 | $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 | $3,421,583 |
| Noncash contributions included in lines 1a–1f | $697,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,421,583 |
| Total Program Service Revenue | $0 |
| Investment income | $328,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,122,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,872,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,810,266 |
| Grants and other assistance to domestic individuals. | $149,562 |
| 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 | $568,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,300 |
| 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 | $31,004 |
| Fees for services: Other | $34,828 |
| Advertising and promotion | $500 |
| Office expenses | $43,053 |
| Information technology | $40,396 |
| Royalties | $0 |
| Occupancy | $22,414 |
| Travel | $1,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,188,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,169,272 |
| 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 | $205,452 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,099,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,709 |
| Total assets | $27,975,241 |
| Accounts payable and accrued expenses | $92,284 |
| 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 | $137,606 |
| Total liabilities | $229,890 |
| Net assets without donor restrictions | $1,291,633 |
| Net assets with donor restrictions | $26,453,718 |
| 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 | $27,975,241 |