Valley Hospital Foundation

Organization Overview

Valley Hospital Foundation is located in Ridgewood, NJ. The organization was established in 1980. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Valley Hospital 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 12/2021, Valley Hospital Foundation generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $20.2m during the year ending 12/2021. While expenses have increased by 6.8% 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 2014, Valley Hospital Foundation has awarded 19 individual grants totaling $120,867,298. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT AND RECEIVE PHILANTHROPIC GIFTS, GRANTS, BEQUESTS OF REAL OR PERSONAL PROPERTY, OR BOTH, FROM INDIVIDUALS, FOUNDATIONS, PARTNERSHIPS, ASSOCIATIONS, GOVERNMENTAL BODIES OR PUBLIC OR PRIVATE CORPORATIONS. THIS GENEROUS PHILANTHROPY IS USED FOR THE PURPOSE OF SUPPORTING VALLEY HEALTH SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION HAS EVALUATED THE NEEDS OF VALLEY HEALTH SYSTEM AND SEEKS TO SECURE FUNDING FOR FOUR DIFFERENT CASES: CONSTRUCTION COSTS FOR THE VALLEY HOSPITAL IN PARAMUS, CAPITAL AND TECHNOLOGICAL IMPROVEMENTS, CLINICAL AND TRANSLATIONAL RESEARCH, AND ENDOWMENTS.VALLEY HEALTH SYSTEM IS A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. KEY SERVICES INCLUDE CARDIOLOGY, ONCOLOGY, WOMEN'S AND CHILDREN'S SERVICES, EMERGENCY CARE, ORTHOPEDICS, AND NEUROSCIENCES. VALLEY HEALTH SYSTEM IS ONE OF THE MOST HONORED HEALTHCARE ORGANIZATIONS IN NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Peter C Marron
Vice Chairman
$0
Edward M Rubin
Treasurer
$0
Victor Wortmann
Chairman
$0
Nancy V Bush
Secretary
$0
Danielle Gaglioti
Vice Chairman
$0
David J Bohan
Vice President & Cdo
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Faircom New York
Fundraising Consulting
$145,372
Deep 6 Ai
Clinical Research Solutions
$105,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,170,653
Noncash contributions included in lines 1a–1f $2,300,871
Total Revenue from Contributions, Gifts, Grants & Similar$15,170,653
Total Program Service Revenue$0
Investment income $907,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,297,517
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,375,355

Grants Awarded

Over the last fiscal year, Valley Hospital Foundation has awarded $17,180,197 in support to 3 organizations.

Grant RecipientAmount

THE VALLEY HOSPITAL INC

Org PageRecipient Profile

Ridgewood, NJ

PURPOSE: THE VALLEY HOSPITAL IN PARAMUS, PROJECT/CAPITAL PROJECTS/DONOR-DESIGNATED SPECIAL PROGRAMS AND SERVICES

$16,426,845

VALLEY MEDICAL GROUP

Org PageRecipient Profile

Ridgewood, NJ

PURPOSE: DONOR-DESIGNATED SPECIAL PROGRAMS AND SERVICES

$527,165

VALLEY HOME CARE INC

Org PageRecipient Profile

Paramus, NJ

PURPOSE: DONOR-DESIGNATED SPECIAL PROGRAMS AND SERVICES

$226,187
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Valley Hospital Foundation has recieved totaling $35,500.

Awarding OrganizationAmount
Morris Foundation

Wilmington, DE

PURPOSE: CAMPAIGN FUND

$25,000
$10,000
Horst Family Foundation Inc

Bonita Springs, FL

PURPOSE: SPECIAL GIFT

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,740,794
Earnings$2,340,095
Net Contributions$1,085,386
Other Expense$3,326,150
Ending Balance$20,840,125

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