The Rapha Foundation
- Assets
- $44.0m
- Revenue
- $716.4k
- Investments
- $29.1m
- Employees
- 0
- Location
- Wise, VA
- Founding
- 06/2001
- Data as of
- 05/2022
- EIN
- 54-2002314
Organization Overview
The Rapha Foundation is located in Wise, VA. The organization was established in 2001. 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. Rapha Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Rapha Foundation has awarded 55 individual grants totaling $2,579,749. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT NORTON COMMUNITY HOSPITAL, A 501(C)(3) NONPROFIT ORGANIZATION, THROUGH FUNDING AND PROGRAM EFFORTS DESIGNED TO ENSURE BETTER ACCESS TO HEALTHCARE AND TO IMPROVE THE HEALTH OF THE RESIDENTS OF WISE COUNTY, VA AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTHCARE FOUNDATION, INC. (CHC FOUNDATION) WAS FORMED PRIOR TO NORTON COMMUNITY HOSPITAL'S MERGER IN 2007 WITH MOUNTAIN STATES HEALTH ALLIANCE (MSHA). CHC FOUNDATION IS THE MINORITY OWNER (49.9%) OF NORTON COMMUNITY HOSPITAL, WHILE MSHA OWNS THE REMAINING 50.1%. SINCE THE HOSPITAL'S MERGER, CHC FOUNDATION FUNDING ACTIVITIES AND PROGRAMS MOVED UNDER MOUNTAIN STATES FOUNDATION'S UMBRELLA, TAKING ADVANTAGE OF THE LARGER FOUNDATION'S LEADERSHIP, EXPERIENCE, AND EXPERTISE. MOUNTAIN STATES FOUNDATION INCLUDES A DIVISION FOR EACH COMMUNITY SERVED BY A MSHA HOSPITAL. THE NORTON COMMUNITY HOSPITAL ARM OF THE FOUNDATION CONTINUES TO FINANCIALLY SUPPORT NORTON COMMUNITY HOSPITAL WITH CAPITAL PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Vanover Executive Director | 40 | $124,500 | |
Charles Ward Chairman | 0.5 | $0 | |
Ernie Ward Secretary | 0.5 | $0 | |
Valerie Lawson Vice Chair | 0.5 | $0 | |
Dr Matthew Cusano MD Director | 0.5 | $0 | |
Robert Leonard Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,735 |
| Dividends & Interest | $800,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93,780 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $716,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $124,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,483 |
| Depreciation | $757 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,052 |
| Printing and publications | $0 |
| Other expenses | $107,704 |
| Total operating and administrative expenses | $295,494 |
| Contributions, gifts, grants paid | $1,432,953 |
| Total expenses and disbursements | $1,728,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,414 |
| Net Accounts receivable | $29,606 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $14,796,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,069,253 |
| Net Land, buildings, and equipment | $2,033 |
| Other assets | $0 |
| Total assets | $43,999,787 |
| Accounts payable and accrued expenses | $10,949 |
| Grants payable | $2,018,253 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,029,202 |
Grants Awarded
Over the last fiscal year, The Rapha Foundation has awarded $1,759,953 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN EMPIRE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $500,000 |
UVA WISE PURPOSE: SCHOLARSHIP | $200,000 |
PRO ART WISE COUNTY PURPOSE: TO SUPPORT ART EDUCATION | $171,500 |
BALLAD HEALTH - PEERHELP COUNSELING PROGRAM PURPOSE: ADDICTION SUPPORT | $129,200 |
LP OFFICE ON YOUTH - DP IMAGINATION LIBRARY PURPOSE: CHILDHOOD LITERACY | $97,200 |
COMMUNITIES IN SCHOOLS - SWVA PURPOSE: EDUCATIONAL SUPPORT & CLOTHING | $94,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |