Loudoun Healthcare Foundation
- Assets
- $0.0
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 08/2001
- Data as of
- 12/2019
- EIN
- 54-2011240
Organization Overview
Loudoun Healthcare Foundation is located in Falls Church, 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. Loudoun Healthcare 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 12/2019, Loudoun Healthcare Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $951.8k during the year ending 12/2019. While expenses have increased by 9.8% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING IN SUPPORT OF INOVA LOUDOUN HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUDOUN HEALTHCARE FOUNDATION [ALSO DOING BUSINESS AS INOVA LOUDOUN HOSPITAL FOUNDATION (ILHF)], PROVIDES PHILANTHROPIC SUPPORT TO INOVA LOUDOUN HOSPITAL (ILH). LOUDOUN HEALTHCARE FOUNDATION IS PART OF THE INOVA HEALTH SYSTEM WHOSE MISSION IS TO PROVIDE WORLD-CLASS HEALTHCARE - EVERY TIME, EVERY TOUCH - TO EACH PERSON IN EVERY COMMUNITY WE HAVE THE PRIVILEGE TO SERVE. INOVA LOUDOUN HOSPITAL PROVIDES PERSONALIZED, HIGH QUALITY ACUTE CARE HOSPITAL SERVICES AND APPROPRIATE HOSPITAL BASED SERVICES TO MEET THE COMMUNITY HEALTHCARE NEEDS FOR THE RESIDENTS OF LOUDOUN COUNTY, VIRGINIA AND NEIGHBORING COMMUNITIES.IN KEEPING WITH INOVA'S COMMUNITY SERVICE MISSION, INOVA AND ITS AFFILIATES PROVIDE A WIDE RANGE OF PROGRAMS AND SERVICES WHICH DIRECTLY BENEFIT THE COMMUNITY THEY SERVE. THESE INCLUDE:PROVIDING THE HIGHEST QUALITY MEDICAL CARE TO ALL MEMBERS OF THE COMMUNITY, REGARDLESS OF THEIR FINANCIAL RESOURCES.PROVIDING FREE AND BELOW COST HEALTH SERVICES TO MEET THE IDENTIFIED NEEDS OF TARGETED COMMUNITY GROUPS, SUCH AS THE INDIGENT AND ELDERLY; VICTIMS OF CANCER, HEART DISEASE, AND STROKE; PERSONS AFFECTED BY SUBSTANCE ABUSE; HIV-POSITIVE INDIVIDUALS; AND OTHERS.PROVIDING UNCOMPENSATED CARE IN ACCORDANCE WITH INOVA POLICIES WHICH ENSURE ACCESS TO MEDICALLY NECESSARY CARE FOR ALL INDIVIDUALS. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTHCARE SERVICES PROVIDED TO PERSONS WHO CANNOT AFFORD TO PAY.PROVIDING HEALTH EDUCATION AND A VARIETY OF OTHER SERVICES TO THE COMMUNITY.TRAINING HEALTH PROFESSIONALS.PHILANTHROPY IS CRITICAL TO INOVA'S MISSION. A BROAD RANGE OF PHILANTHROPY HELPS INOVA STAY ON THE FOREFRONT OF MEDICAL ADVANCES, DEVELOP NEW PROGRAMS TO MEET CHANGING NEEDS AND PROVIDE AFFORDABLE HEALTHCARE TO ALL WHO NEED IT. THE LOUDOUN HEALTHCARE FOUNDATION WORKS WITH DONORS WHO SUPPORT THE PURCHASE OF EQUIPMENT, IMPROVEMENTS IN PATIENT CARE PROGRAMS AND EDUCATION FOR NURSES AND CLINICAL STAFF, AS WELL AS, PROVIDING FUNDS FOR NEW FACILITIES AND CAPITAL IMPROVEMENTS. THE TOTAL AMOUNT OF SUPPORT PROVIDED TO THE COMMUNITY AND HOSPITAL PROGRAMS IN 2019 WAS $608,754.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Puccio MD Trustee | Trustee | 3 | $0 |
David Bosserman Chairman | OfficerTrustee | 1 | $0 |
Shannon Lehr MD Trustee | Trustee | 3 | $0 |
Steven Frederickson Trustee | Trustee | 3 | $0 |
Cricket Bedford Trustee | Trustee | 3 | $0 |
David Kersey Secretary | OfficerTrustee | 3 | $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 | $3,448,210 |
| Noncash contributions included in lines 1a–1f | $4,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,448,210 |
| Total Program Service Revenue | $0 |
| Investment income | $83,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,006,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,538,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $608,754 |
| 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 | $149,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,832 |
| 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 | $120,441 |
| Advertising and promotion | $0 |
| Office expenses | $30,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,806 |
| Insurance | $98 |
| All other expenses | $1,952 |
| Total functional expenses | $951,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |