Visiting Nurse Association & Hospice Foundation Inc
- Assets
- $33.9m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 08/2014
- Data as of
- 09/2021
- EIN
- 59-2804739
Organization Overview
Visiting Nurse Association & Hospice Foundation Inc is located in Vero Beach, FL. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Visiting Nurse Association & Hospice 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 09/2021, Visiting Nurse Association & Hospice Foundation Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $4.8m during the year ending 09/2021. While expenses have increased by 3.8% per year over the past 6 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 2015, Visiting Nurse Association & Hospice Foundation Inc has awarded 31 individual grants totaling $21,492,567. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHILANTHROPIC RESOURCES TO THE VNA IN SUPPORT OF ITS MISSION TO PROVIDE COMPASSIONATE INNOVATIVE CARE OF THE HIGHEST QUALITY FOR PATIENTS AND CAREGIVERS REGARDLESS OF THEIR FINANCIAL STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH A COMPREHENSIVE AND INTEGRATED FUND DEVELOPMENT PLAN FOCUSED ON DONOR-CENTERED STRATEGIES, PHILANTHROPIC RESOURCES IN SUPPORT OF THE VNA MISSION TO PROVIDE COMPASSIONATE AND INNOVATIVE CARE OF THE HIGHEST QUALITY FOR PATIENTS AND CAREGIVERS REGARDLESS OF THEIR FINANCIAL STATUS. THIS INCLUDES START-UP CAPITAL FOR PROGRAM INITIATIVES AND SUSTAINABILITY OF THE VNA HOSPICE HOUSE.
THE MAJORITY OF THE EXPENSES INCURRED BY THE FOUNDATION RELATE TO THE SUPPORT GIVEN TO THE VNA OF THE TREASURE COAST & ITS AFFILIATES FOR HOME HEALTH, HOSPICE & COMMUNITY WELLNESS. THESE GRANTS FUND DIRECT PATIENT HOME HEALTH & HOSPICE CARE, COMMUNITY WELLNESS CLINICS, OPERATIONAL SUPPORT OF THE VNA HOSPICE HOUSE, PROGRAM INITIATIVES & UPGRADED TECHNOLOGY TO ENHANCE EFFICIENCIES & PATIENT CARE OUTCOMES. DURING THE TAX YEAR, UNPAID VOLUNTEERS CONTRIBUTED APPROXIMATELY 230 HOURS OF THEIR TIME IN DIRECT SUPPORT OF THE FOUNDATION. VOLUNTEERS ASSISTED IN VARIOUS PROGRAM AREAS. BASED UPON THE HOURLY VOLUNTEER RATE OF APPROXIMATELY $29/HR. IN 2021 FOR THE STATE OF FLORIDA PER THE BUREAU OF LABOR STATISTICS, THE DOLLAR VALUE OF THOSE VOLUNTEER HOURS WAS APPROX. $6,600. A TOTAL OF 14,341 HOURS OF VOLUNTEER SERVICES VALUED AT $409,300 WERE PROVIDED IN TOTAL TO THE FOUNDATION AND ITS RELATED PARTIES. NO AMOUNTS HAVE BEEN REFLECTED IN THIS RETURN FOR THOSE DONATED SERVICES.
THE FOUNDATION HAS A DEDICATED AND ROBUST GIFT PLANNING STRATEGY TO CULTIVATE, SOLICIT AND STEWARD DONORS TO INCLUDE THE FOUNDATION IN THEIR ESTATE PLANS WHICH CAN INCLUDE WILLS, TRUSTS, RETIREMENT ACCOUNTS, LIFE INSURANCE, AND CHARITABLE GIFT ANNUITIES. PARTNERING WITH THE DONOR'S TRUSTED FINANCIAL OR LEGAL ADVISOR IS A CRITICAL COMPONENT OF THE PROGRAM AND REQUIRES SIMILAR CULTIVATION, SOLICITATION AND STEWARDSHIP PLANS. IN THE MOST RECENT FISCAL YEAR, THE TOTAL DONOR DOLLARS RECEIVED THROUGH PLANNED GIFTS WAS $3,782,603. UPON NOTIFICATION OF THE PASSING OF A DONOR WHO HAS INCLUDED THE VNA IN THEIR ESTATE PLANS, THE ADMINISTRATION PROCESS CAN BE LENGTHY WITH A 12-18 MONTH TIMELINE FOR RECEIPT OF GIFT IN MOST CASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Pierce Chairman | OfficerTrustee | 5 | $0 |
Sarah Connors Vice Chairman | OfficerTrustee | 5 | $0 |
Carole C Finck Secretary | OfficerTrustee | 1 | $0 |
Emily Sherwood Vice Chairman | OfficerTrustee | 5 | $0 |
Stacy L Kenyon Assistant Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Phillips Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $467,544 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,732,069 |
| Noncash contributions included in lines 1a–1f | $2,480,317 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,199,613 |
| Total Program Service Revenue | $0 |
| Investment income | $389,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,229,085 |
| Net Income from Fundraising Events | -$29,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,788,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,111,748 |
| 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 | $596,762 |
| 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 | $104,593 |
| Fees for services: Other | $209,782 |
| Advertising and promotion | $2,200 |
| Office expenses | $39,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $399,198 |
| Travel | $422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,760 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,999 |
| Insurance | $413 |
| All other expenses | $0 |
| Total functional expenses | $4,785,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,607,606 |
| Savings and temporary cash investments | $4,608,414 |
| Pledges and grants receivable | $84,183 |
| 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 | $28,399 |
| Net Land, buildings, and equipment | $5,728,110 |
| Investments—publicly traded securities | $21,568,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,080 |
| Total assets | $33,852,759 |
| Accounts payable and accrued expenses | $79,001 |
| 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 | $626,388 |
| Total liabilities | $705,389 |
| Net assets without donor restrictions | $19,503,672 |
| Net assets with donor restrictions | $13,643,698 |
| 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 | $33,852,759 |
Grants Awarded
Over the last fiscal year, Visiting Nurse Association & Hospice Foundation Inc has awarded $3,063,531 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Vero Beach, FL PURPOSE: To provide financial assistance for the organization to meet its needs. | $2,305,901 |
Vero Beach, FL PURPOSE: To provide financial assistance for the organization to meet its needs. | $530,870 |
Vero Beach, FL PURPOSE: To provide financial assistance for the organization to meet its needs. | $222,380 |
Melbourne, FL PURPOSE: To provide financial assistance for the organization to meet its needs. | $4,380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Visiting Nurse Association & Hospice Foundation Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Scrivan Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
Leah And Alain Lebec Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $12,841,593 |
| Earnings | $2,364,600 |
| Admin Expense | $60,975 |
| Net Contributions | $1,054,651 |
| Other Expense | $425,000 |
| Ending Balance | $15,774,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jupiter Medical Center Physicians Group Inc Jupiter, FL | $7,041,500 | $16,868,605 |
Florida Association Of Free And Charitable Clinics Inc Jacksonville, FL | $451,895 | $10,115,345 |
Phoebe Foundation Inc Albany, GA | $20,206,779 | $3,551,981 |
Impact Health Sharing Inc Davie, FL | $573,808 | $3,439,853 |
Visiting Nurse Association & Hospice Foundation Inc Vero Beach, FL | $33,852,759 | $9,788,467 |
Hebrew Homes Captive Services Inc N Miami Beach, FL | $1,581,867 | $2,469,567 |
Suncoast Health Council Inc St Petersburg, FL | $957,545 | $1,940,129 |
Kenyarelief Org Cullman, AL | $1,331,657 | $1,506,038 |
Alabama Community Care - Region C Inc Huntsville, AL | $0 | $524,343 |
Health Occupations Students Of America Inc Georgia Watkinsville, GA | $257,092 | $1,030,364 |
Walton County Health Care Foundation Inc Monroe, GA | $50,639,691 | $2,072,620 |
Chcp Real Estate Holding Company Inc Clearwater, FL | $21,061,211 | $447,525 |