Sheltering Arms Foundation
- Assets
- $205.3m
- Revenue
- $11.5m
- Investments
- $194.8m
- Employees
- 0
- Location
- Mechanicsville, VA
- Founding
- 09/1992
- Data as of
- 09/2021
- EIN
- 54-1615599
Organization Overview
Sheltering Arms Foundation is located in Mechanicsville, VA. The organization was established in 1992. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Sheltering Arms 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 09/2021, Sheltering Arms Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $15.0m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RELATED ORGANIZATIONS IN PROVIDING HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
THE SHELTERING ARMS FOUNDATION FUELS THE VISION OF SHELTERING ARMS PHYSICAL REHABILITATION CENTERS (INCLUDING OUR OUTPATIENT CENTERS AND COMMUNITY-BASED PARTNER FOR LIFE PROGRAMS: CLUB REC, NEUROFIT, POWEREX, AND SPECIALIZED FITNESS PROGRAMS) AND SHELTERING ARMS INSTITUTE (A 114-BED INPATIENT PHYSICAL REHABILITATION HOSPITAL) THROUGH COMMUNITY PHILANTHROPIC SUPPORT AND SOUND STEWARDSHIP OF THE SHELTERING ARMS FOUNDATION INVESTMENT PORTFOLIO. NEW PHILANTHROPIC DONATIONS AND INVESTMENT INCOME HELP TO PROVIDE THE MARGIN OF EXCELLENCE IN CLINICAL AND COMMUNITY-BASED PROGRAMS THAT COULD NOT BE ACHIEVED THROUGH OPERATING INCOME ALONE. DONORS HELP OUR PATIENTS TO FIND THEIR POWER TO OVERCOME INJURIES AND ILLNESSES AND HELP US ACHIEVE OUR VISION OF REINVENTING REHABILITATION FOR LIFE BEYOND LIMITS. EXAMPLES OF PROGRAMS SUPPORTED BY FY2021 DONATIONS: CAPITAL CAMPAIGN TO BUILD THE NEW SHELTERING ARMS INSTITUTE HOSPITAL BUILDING; PURCHASE NEW, ADVANCED THERAPEUTIC EQUIPMENT FOR THE RENOVATED HANOVER OUTPATIENT CENTER TO HELP IT BECOME A STATE-OF-THE-SCIENCE, REGIONAL DESTINATION REHABILITATION CENTER; PROVIDE MUSIC AND ART THERAPIES FOR CLUB REC DAY RECREATION PROGRAM; AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore W Price Chairman | OfficerTrustee | 2 | $0 |
Peter H Bowles Vice Chairman | OfficerTrustee | 1 | $0 |
James S Litsinger CFO & Treasurer | Officer | 5 | $0 |
John L Mcelroy III Foundation President | Officer | 40 | $0 |
Kelly Del Campo Merricks Secretary | Officer | 40 | $0 |
Richard M Bagby Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Fundraising | 9/29/18 | $274,246 |
Global Endowment Management Investment Management | 9/29/18 | $1,138,551 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,113,470 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,441,715 |
| Noncash contributions included in lines 1a–1f | $109,814 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,555,185 |
| Total Program Service Revenue | $0 |
| Investment income | -$877,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,864,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,542,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,128,082 |
| 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 | $15,744 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,004,285 |
| Fees for services: Other | $119,350 |
| Advertising and promotion | $20,650 |
| Office expenses | $71,725 |
| Information technology | $21,645 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,169 |
| Interest | $48,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763 |
| Insurance | $0 |
| All other expenses | $26,551 |
| Total functional expenses | $15,043,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $900,031 |
| Pledges and grants receivable | $4,901,729 |
| 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 | $15,527 |
| Net Land, buildings, and equipment | $4,650,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $194,810,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,278,403 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $200,076,753 |
| Net assets with donor restrictions | $5,201,650 |
| 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 | $205,278,403 |
Grants Awarded
Over the last fiscal year, Sheltering Arms Foundation has awarded $10,128,082 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHELTERING ARMS CORPORATION PURPOSE: EQUIPMENT AND CAPITAL PROJECT | $9,582,056 |
Richmond, VA PURPOSE: RENOVATIONS AND EQUIPMENT | $546,026 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sheltering Arms Foundation has recieved totaling $1,500,431.
| Awarding Organization | Amount |
|---|---|
Commonwealth Transfusion Foundation Glen Allen, VA PURPOSE: RETIRING OF DEBT AND NAMING OPPORTUN | $600,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $203,677 |
Jane & Arthur Flippo Foundation Doswell, VA PURPOSE: THERAPY GARDEN AT SHELTERING ARMS REHAB INSTITUTE | $200,000 |
Harrison Foundation Manakinsabot, VA PURPOSE: GENERAL 501(C)(3) PURPOSES OF ORGANIZATION | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $136,500 |
Theodore H & Nancy Price Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSE | $48,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Calvert Health System Inc Prince Frederick, MD | $134,464,089 | $23,125,484 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |