River Valley Health Foundation Inc
- Assets
- $3.5m
- Revenue
- $157.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Wheeling, WV
- Founding
- 10/1982
- Data as of
- 12/2022
- EIN
- 55-0615693
Organization Overview
River Valley Health Foundation Inc is located in Wheeling, WV. The organization was established in 1982. According to its NTEE Classification (E60) the organization is classified as: Health 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. River Valley Health 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 12/2022, River Valley Health Foundation Inc generated $157.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $183.0k during the year ending 12/2022. While expenses have increased by 2.4% 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.
Since 2019, River Valley Health Foundation Inc has awarded 28 individual grants totaling $285,525. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS CORPORATION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE RESIDENTS OF THE OHIO VALLEY. THE CORPORATION PROVIDES FUNDING IN SUPPORT OF HEALTH EDUCATION FOR MEMBERS OF THE COMMUNITY AND HEALTHCARE PROFESSIONALS IN THE COMMUNITIES OF WHEELING, WEST VIRGINIA, MARTINS FERRY, OHIO, ST. CLAIRSVILLE, OHIO, AND THE FOLLOWING COUNTIES: BROOKE, OHIO, MARSHALL AND WETZEL IN WEST VIRGINIA AND BELMONT, JEFFERSON, MONROE, GUERNSEY AND HARRISON IN OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED AS A RESULT OF THE JUNE 1, 2017 SALE OF OHIO VALLEY MEDICAL CENTER ("OVMC") AND EAST OHIO REGIONAL HOSPITAL ("EORH") TO ALECTO, A FOR-PROFIT HEALTH CARE SYSTEM. THEREFORE, THE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE OUTREACH ACTIVITIES OF THE FORMER NOT- FOR-PROFIT OVMC AND EORH. ON MARCH 19, 2018, THE FOUNDATION WAS DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT NON-PROFIT 501(C) (3) PUBLIC CHARITY. THEREFORE, MOST OF THE 2017 AND EARLY 2018 CALENDAR YEARS INVOLVED WORKING ON MAKING THE APPROPRIATE STEPS TO RENAME AND RECLASSIFY THE FOUNDATION. THE FOUNDATION IS CURRENTLY WORKING TO AWARD ANNUAL GRANTS IN ORDER TO ASSURE COMMUNITY NEEDS ARE MET AND THUS, THE FOUNDATION IS DEVELOPING A FORMALIZED COMPETITIVE GRANT PROCESS WHICH WILL BE ANNOUNCED AND SHARED WITH PUBLIC CHARITIES WITHIN THE COMMUNITIES THE FOUNDATION SERVES. THE MISSION OF THIS FOUNDATION IS TO IMPROVE THE HEALTH AND WELL- BEING OF THE RESIDENTS OF THE OHIO VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Morrison Executive Di | Officer | 40 | $54,461 |
Shelly Carenbauer Trustee | Trustee | 0.5 | $0 |
Theresa Childers Trustee | Trustee | 0.5 | $0 |
Lorraine Eckard Chair | OfficerTrustee | 0.5 | $0 |
Kathy Fry Trustee | Trustee | 0.5 | $0 |
Howard Gamble Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,615 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,433 |
| Total Program Service Revenue | $0 |
| Investment income | $140,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,653 |
| Net Income from Fundraising Events | -$9,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $157,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,698 |
| 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 | $54,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,783 |
| Payroll taxes | $3,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,438 |
| Office expenses | $69 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,555 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $183,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,000 |
| 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 | $3,381,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,511,706 |
| 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 | $1,933 |
| Total liabilities | $1,933 |
| Net assets without donor restrictions | $1,264,137 |
| Net assets with donor restrictions | $2,245,636 |
| 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 | $3,511,706 |
Grants Awarded
Over the last fiscal year, River Valley Health Foundation Inc has awarded $62,725 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH SERVICE SYSTEMS INC PURPOSE: CHILDRENS SHELTER | $10,000 |
YWCA WHEELING WV PURPOSE: HEALTH & WELLNESS | $7,000 |
ORCHARD PARK HOSPITAL PURPOSE: KITCHEN RENO | $10,000 |
NAMI OF GREATER WHEELING INC PURPOSE: MENTAL HEALTH | $6,600 |
SOUP KITCHEN OF GREATER WHEELING PURPOSE: DAILY MEALS | $8,000 |
1ST PRESBYTERIAN CHURCH PURPOSE: FOOD PANTRY | $5,125 |