Our Lady Of Lourdes Health Foundation
- Assets
- $2.3m
- Revenue
- $788.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Marlton, NJ
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 22-2351960
Organization Overview
Our Lady Of Lourdes Health Foundation is located in Marlton, NJ. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Our Lady Of Lourdes Health 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, Our Lady Of Lourdes Health Foundation generated $788.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
OUR LADY OF LOURDES HEALTH FOUNDATION PROVIDES SUPPORT FOR THE PROGRAMS OF VIRTUA HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF LOURDES HEALTH FOUNDATION, INC., PROVIDES SUPPORT FOR THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF VIRTUA HEALTH, INCLUDING VIRTUA OUR LADY OF LOURDES HOSPITAL, INC. AND VIRTUA WILLINGBORO HOSPITAL, INC. BOTH ARE RELATED TAX-EXEMPT HOSPITALS. OUR LADY OF LOURDES HEALTH FOUNDATION, INC. ASSISTS WITH FUNDRAISING BY CONDUCTING SPECIAL EVENTS AND PHILANTHROPY. THIS FUNDRAISING HELPS TO ADVANCE THE MISSION OF VIRTUA HEALTH. OUR LADY OF LOURDES HEALTH FOUNDATION, INC., ALSO PROVIDES SCHOLARSHIPS THROUGH OUR PERMANENTLY RESTRICTED FUND'S INTEREST TO SUPPORT STUDENTS OF THE VIRTUA OUR LADY OF LOURDES SCHOOL OF NURSING FOR BOOKS, TUITION, FEES OR OTHER STUDENT EXPENSES. FOR MORE INFORMATION, PLEASE VISIT GIVETOVIRTUA.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Fanelle Vice Chair | OfficerTrustee | 0.75 | $0 |
Elaine Damm Chair | OfficerTrustee | 0.75 | $0 |
Dennis W Pullin President/ceo | OfficerTrustee | 0.12 | $0 |
Robert M Segin Evp/cfo | Officer | 0.12 | $0 |
Ruth Cila Director Philanthropy | Officer | 11 | $0 |
Sarah Fawcett-Lee SVP - Foundation | Officer | 11 | $0 |
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 | $788,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,175 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $684,049 |
| Grants and other assistance to domestic individuals. | $36,200 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Other | $41,031 |
| Advertising and promotion | $1,860 |
| Office expenses | $25,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,530 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,014 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533 |
| Insurance | $0 |
| All other expenses | $122 |
| Total functional expenses | $1,351,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,024,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $229,225 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,257,515 |
| Accounts payable and accrued expenses | $9,737 |
| Grants payable | $1,484,839 |
| 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 | $2,077,849 |
| Total liabilities | $3,572,425 |
| Net assets without donor restrictions | -$1,325,028 |
| Net assets with donor restrictions | $10,118 |
| 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 | $2,257,515 |
Grants Awarded
Over the last fiscal year, Our Lady Of Lourdes Health Foundation has awarded $314,938 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Marlton, NJ PURPOSE: TO SUPPORT THE PROGRAMS OF HOSPITAL. | $307,851 |
Marlton, NJ PURPOSE: TO SUPPORT THE PROGRAMS OF HOSPITAL. | $7,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Our Lady Of Lourdes Health Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |