Vincentian Collaborative System Charitable Foundation
- Assets
- $12.2m
- Revenue
- $1.9m
- Investments
- $7.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 75-3263876
Organization Overview
Vincentian Collaborative System Charitable Foundation is located in Pittsburgh, PA. The organization was established in 1946. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Vincentian Collaborative System Charitable 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 06/2021, Vincentian Collaborative System Charitable Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $481.3k 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
VINCENTIAN COLLABORATIVE SYSTEM CHARITABLE FOUNDATION IS A MEMBER OF VINCENTIAN COLLABORATIVE SYSTEM, A CATHOLIC HEALTH AND HUMAN SERVICES ORGANIZATION HEADQUARTERED IN THE NORTH HILLS OF PITTSBURGH THAT OFFERS A CONTINUUM OF HIGHLY-RATED SENIOR CARE SERVICES AT MULTIPLE LOCATIONS ACROSS ALLEGHENY COUNTY, INCLUDING INDEPENDENT LIVING, SKILLED NURSING, SHORT TERM REHABILITATION, LONG TERM CARE, PERSONAL CARE AND MEMORY CARE. THE VINCENTIAN SYSTEM IS COMPRISED OF VINCENTIAN HOME AND VINCENTIAN REGENCY IN THE NORTH HILLS, MARIAN MANOR IN THE SOUTH HILLS VINCENTIAN DE MARILLAC IN THE CITY OF PITTSBURGH. ADDITIONALLY THE SYSTEM INCLUDES TWO OUTPATIENT REHABILITATION LOCATIONS, TWO CHILD DEVELOPMENT CENTERS AND A CHARITABLE FOUNDATION. EACH YEAR, THE VINCENTIAN SYSTEM COLLECTIVELY CONTRIBUTES TO THE LOCAL COMMUNITY BY PROVIDING MORE THAN $11.3 MILLION IN BENEVOLENT CARE, SERVING SOME 1,600 SENIORS, 142 CHILDREN AND PROVIDING HIGH-QUALITY JOBS TO MORE THAN 1,000 PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VINCENTIAN CHARITABLE FOUNDATION IS THE PHILANTHROPIC ARM OF VINCENTIAN COLLABORATIVE SYSTEM AND ITS MEMBER MINISTRIES. IN KEEPING WITH OUR CHARITABLE PURPOSE, THE MEMBER MINISTRIES SERVE PERSONS OF ALL RELIGIOUS BACKGROUNDS AND INCOME LEVELS RESULTING IN THE PROVISION OF APPROXIMATELY $11.3 MILLION IN BENEVOLENT CARE DURING FY 2021. THE FOUNDATION EXISTS TO PROVIDE FINANCIAL SUPPORT FOR THAT BENEVOLENT CARE, AS WELL AS PROGRAM ENHANCEMENTS AND CAPITAL IMPROVEMENTS ACROSS THE SYSTEM. WE DO SO THROUGH A BALANCED DEVELOPMENT PROGRAM THAT SEEKS TO CONNECT CHARITABLY MINDED INDIVIDUALS WITH APPROPRIATE NEEDS. THIS IS DONE THROUGH A COMPREHENSIVE PROGRAM OF COMMUNICATIONS AND DEVELOPMENT EFFORTS INCLUDING INDIVIDUAL GIFTS, GRANTS AND PLANNED GIFTS. DURING FY 2021 THE FOUNDATION RECEIVED GIFTS AND COMMITMENTS FOR GIFTS TOTALING MORE THAN $1 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Vizzoca Former President, CEO | 10 | $337,611 | |
Dean Owrey President, CEO | OfficerTrustee | 10 | $245,107 |
Patricia Embree COO | Officer | 5 | $219,052 |
Laurie Cannella VP Clinical Excellence | Officer | 5 | $132,743 |
Amy Strano Secretary | OfficerTrustee | 0.3 | $0 |
Chris Azzara Chair | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,844 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,648,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,670,573 |
| Total Program Service Revenue | $0 |
| Investment income | $138,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,942,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $220,116 |
| Pension plan accruals and contributions | $2,638 |
| Other employee benefits | $14,393 |
| Payroll taxes | $13,855 |
| Fees for services: Management | $24,243 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,044 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150 |
| Advertising and promotion | $0 |
| Office expenses | $63,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $712 |
| Insurance | $0 |
| All other expenses | $120,001 |
| Total functional expenses | $481,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,195,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14 |
| 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 | $2,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,524,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,606 |
| Total assets | $12,179,380 |
| Accounts payable and accrued expenses | $11,320 |
| 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 | $1,099,864 |
| Total liabilities | $1,111,184 |
| Net assets without donor restrictions | $10,685,157 |
| Net assets with donor restrictions | $383,039 |
| 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 | $12,179,380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vincentian Collaborative System Charitable Foundation has recieved totaling $13,082.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: RELIGION-RELATED | $13,039 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |