Princeton Community Hospital Foundation Inc
- Assets
- $6.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 88
- Location
- Princeton, WV
- Founding
- 02/1990
- Data as of
- 06/2021
- EIN
- 55-0694209
Organization Overview
Princeton Community Hospital Foundation Inc is located in Princeton, WV. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Princeton Community Hospital Foundation Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Community 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 06/2021, Princeton Community Hospital Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRINCETON COMMUNITY HOSPITAL FOUNDATION, INC. IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION THAT PROVIDES SUPPORT TO PRINCETON COMMUNITY HOSPITAL IN ITS MISSION OF PROVIDING QUALITY, COST EFFECTIVE HEALTH AND WELLNESS SERVICES TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATED A COMMUNITY HEALTH AND FITNESS CENTER TO FACILITATE PREVENTATIVE HEALTH CARE AND PROMOTE HEALTHY LIFE STYLES WITHIN THE COMMUNITY. DURING FISCAL YEAR 2021, THE FITNESS CENTER SERVED AN ESTIMATED 3,200 MEMBERS, PROVIDING INCOME ADJUSTED FEES TO ALLOW AFFORDABLE MEMBERSHIPS TO THE COMMUNITY. IN ADDITION, THE FITNESS CENTER OFFERED AN AFTER SCHOOL PROGRAM WHICH PROVIDED SERVICES TO 75 COMMUNITY CHILDREN IN A STRUCTURED, HEALTH AND FITNESS ORIENTED ENVIRONMENT AND PROVIDED SERVICES FOR 20 PARTICIPANTS IN WEST VIRGINIA PEIA HEALTH LIFESTYLES PROGRAM.
THE FOUNDATION PROVIDED SUPPORT IN FY 2021 FOR PATIENTS AT PRINCETON COMMUNITY HOSPITAL. PATIENTS WERE ASSISTED BY $4,169 FROM THE HOSPITALITY HOUSE AND HEARTS OF PCH PROGRAMS, AND $17,758 FROM THE CANCER CARE FUND. THESE FUNDS PROVIDED PATIENTS WHO QUALIFIED WITH PRESCRIPTIONS UPON THEIR DISCHARGE, CAB FAIR, GASOLINE, AND LODGING, IF NEEDED.
THE FOUNDATION'S MULDOON SCHOLARSHIP FUND PROVIDED 15 STUDENTS PURSUING CAREERS IN HEALTHCARE WITH SHOLARSHIPS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Worley Fitness Center Director | Officer | 40 | $58,404 |
Robert L Farley Chairman | OfficerTrustee | 1 | $0 |
Kevin Cole Treasurer | OfficerTrustee | 1 | $0 |
Frank Sinicrope CFO | Officer | 1 | $0 |
Gopal M Pardasani MD Trustee | Trustee | 1 | $0 |
Martha Sabol Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,988 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,521 |
| Noncash contributions included in lines 1a–1f | $37,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,509 |
| Total Program Service Revenue | $1,156,636 |
| Investment income | $37,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,488 |
| Net Income from Fundraising Events | -$681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,073,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,177 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,156 |
| Compensation of current officers, directors, key employees. | $58,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,258 |
| Pension plan accruals and contributions | $8,153 |
| Other employee benefits | $71,785 |
| Payroll taxes | $60,999 |
| Fees for services: Management | $6,000 |
| 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 | $10,527 |
| Fees for services: Other | $6,220 |
| Advertising and promotion | $36,188 |
| Office expenses | $128,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,101 |
| Travel | $1,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,141 |
| Insurance | $29,037 |
| All other expenses | $0 |
| Total functional expenses | $1,443,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,664 |
| 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 | $7,329 |
| Prepaid expenses and deferred charges | $24,874 |
| Net Land, buildings, and equipment | $2,721,559 |
| Investments—publicly traded securities | $2,987,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,483,509 |
| Accounts payable and accrued expenses | $140,903 |
| 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 | $1,010,936 |
| Total liabilities | $1,151,839 |
| Net assets without donor restrictions | $2,344,587 |
| Net assets with donor restrictions | $2,987,083 |
| 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 | $6,483,509 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Princeton Community Hospital Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Pace Family Foundation Inc Princeton, WV PURPOSE: OPERATING FUNDS | $2,500 |
Jam Family Foundation Inc Bluefield, WV PURPOSE: CHARITABLE | $1,500 |
The H P And Anne S Hunnicutt Foundation Inc Princeton, WV PURPOSE: CHARITABLE - ASSIST WITH GENERAL FUNDRAISING ACTIBITIES | $1,000 |
Endowment Analysis
| Beg. Balance | $2,339,918 |
| Earnings | $572,296 |
| Admin Expense | $10,693 |
| Net Contributions | $656,828 |
| Other Expense | $45,116 |
| Grants | $150,000 |
| Ending Balance | $3,363,233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Uofl Health-Shelbyville Inc Louisville, KY | $17,393,919 | $16,689,423 |
Wayne County Hospital Inc Monticello, KY | $12,751,716 | $22,596,534 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
The Medical Center At Clinton County Inc Bowling Green, KY | $13,891,924 | $13,579,488 |