Salubrious Foundation Inc
- Assets
- $204.3k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 06/2019
- Data as of
- 09/2022
- EIN
- 83-3098452
Organization Overview
Salubrious Foundation Inc is located in State College, PA. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salubrious 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 09/2022, Salubrious Foundation Inc generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.6%) each year. All expenses for the organization totaled $101.3k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE MONETARY GRANTS WITH THE INTENTION OF ALLEVIATING FINANCIAL BURDENS A PERSON HAS RELATED TO THE COST OF MEDICAL CARE AND IMPROVING ACCESS TO QUALITY HEALTH CARE THROUGH PROMOTING THE GROWTH AND DEVELOPMENT OF HEALTHCARE FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linny Olivero Director | 20 | $0 | |
Daniel Olivero Jr Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,421 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,561 |
| Total operating and administrative expenses | $64,152 |
| Contributions, gifts, grants paid | $37,100 |
| Total expenses and disbursements | $101,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,189 |
| Savings and temporary cash investments | $500 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,039 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $184,581 |
| Total assets | $204,309 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $204,309 |
| Total liabilities | $204,309 |
Grants Awarded
Over the last fiscal year, Salubrious Foundation Inc has awarded $37,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Port Matilda, PA PURPOSE: TO PROVIDE HIGH QUALITY COMPREHENSIVE PRIMARY MEDICAL HEALTHCARE BEHAVIORAL HEALTHCARE AND ORAL HEALTHCARE TO EVERYONE REGARDLESS OF THEIR ABILITY TO PAY. | $35,000 |
OLIVERO RURAL HEALTH CENTER PURPOSE: TO PROVIDE HIGH QUALITY COMPREHENSIVE PRIMARY MEDICAL HEALTHCARE BEHAVIORAL HEALTHCARE AND ORAL HEALTHCARE TO EVERYONE REGARDLESS OF THEIR ABILITY TO PAY. | $1,000 |
OLIVERO RURAL LABORATORY PURPOSE: TO PROVIDE MEDICAL DIAGNOSTIC SERVICES TO EVERYONE REGARDLESS OF THEIR ABILITY TO PAY. | $1,000 |
OLIVERON RURAL PHARMACY PURPOSE: TO PROVIDE PHARMACEUTICAL PRODUCTS AND SERVICES TO EVERYONE REGARDLESS OF THEIR ABILITY TO PAY. | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Jewish Community Properties Inc Cherry Hill, NJ | $10,959,629 | $182,673 |
Maud And Burton Goldfield Family Foundation Corporation Wilmington, DE | $23,035,996 | $5,604,401 |
Tr Uw Otto Luedeking Cincinnati, OH | $12,193,885 | $1,246,255 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Otto B Schoepfle Charitable Trust 4749 Columbus, OH | $4,261,232 | $304,580 |