Shadyside Hospital Foundation
- Assets
- $112.5m
- Revenue
- $4.8m
- Investments
- $108.4m
- Employees
- 3
- Location
- Pittsburgh, PA
- Founding
- 11/1975
- Data as of
- 06/2021
- EIN
- 25-1290546
Organization Overview
Shadyside Hospital Foundation is located in Pittsburgh, PA. The organization was established in 1975. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Shadyside Hospital Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shadyside 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 06/2021, Shadyside Hospital Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR UPMC-PRESBYTERIAN/SHADYSIDE-TO IMPROVE AND ADVANCE MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR THE FOUNDATION PUTS OUT A CALL FOR GRANT REQUESTS FROM PERSONNEL AT UPMC SHADYSIDE. OF 51 REQUESTS FOR FUNDING THAT WERE SUBMITTED, 42 WERE APPROVED. FOUR HIGHLIGHTED PROJECTS INCLUDE: STARTING AN ADDICTION MEDICINE SERVICE AT UPMC SHADYSIDE, EXPANSION OF INPATIENT PHOTOBIOMODULATION TREATMENTS, PATIENT PRIORIES CARE, AND PATIENT SPECIFIC HUMAN BRAIN CANCER AVATARS TO TRAIN ZIKA VIRUS TOWARDS PRECISION GLIOBLASTOMA THERAPY. ADDITIONAL PROJECTS INCLUDE THE DIABETES EDUCATION SCHOLARSHIP, WHICH PROVIDES MEDICATIONS, SUPPLIES AND COUNSELING. THE SHADYSIDE HOSPITAL IMPROVEMENT MODEL PROVIDES SALARIES FOR TWO IMPROVEMENT SPECIALISTS WHO WORK WITH THE HOSPITAL TO MAKE IMPROVEMENTS FOR PATIENT SAFETY AND CARE.SINCE 1975 OUR VOLUNTEER BOARD HAS SUCCESSFULLY STEWARDED THE GIFTS OF GENEROUS DONORS, PUTTING THEIR DOLLARS TO WORK TO HELP CREATE A WORLD-RENOWNED HOSPITAL THAT MAKES OUR COMMUNITY STRONG. SUPPORTING PROJECTS FOR QUALITY CARE, EDUCATION, AND RESEARCH THAT LIE BEYOND THE HOSPITAL'S NORMAL OPERATING BUDGET, THE SHADYSIDE HOSPITAL FOUNDATION CHANGES LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise R Brown Exec. Director/secretary | OfficerTrustee | 39 | $135,131 |
Torrence M Hunt Jr Chairman | OfficerTrustee | 1 | $0 |
H Vaughan Blaxter III Vice Chair | OfficerTrustee | 1 | $0 |
W Craig Esterly Asst. Treasurer & Secretary | OfficerTrustee | 1 | $0 |
Nancy B Foster Treasurer | OfficerTrustee | 1 | $0 |
Mark J Laskow Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,325 |
| Investment income | $576,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,642,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,802,449 |
| Statement of Expenses | |
|---|---|
| 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. | $162,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,700 |
| 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 | $39,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,840 |
| Fees for services: Other | $39,206 |
| Advertising and promotion | $0 |
| Office expenses | $30,182 |
| Information technology | $32,079 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $890 |
| All other expenses | $0 |
| Total functional expenses | $2,886,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,664 |
| Savings and temporary cash investments | $3,639,533 |
| Pledges and grants receivable | $20,000 |
| 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 | $6,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $108,361,630 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,000 |
| Total assets | $112,507,072 |
| Accounts payable and accrued expenses | $107,169 |
| Grants payable | $1,880,815 |
| 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 | $84,895 |
| Total liabilities | $2,072,879 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $110,434,193 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shadyside Hospital Foundation has recieved totaling $180,710.
| Awarding Organization | Amount |
|---|---|
Dorothy M Potter Irrv Ta 071392 Pittsburgh, PA PURPOSE: SCIENTIFIC AND EDUCATIONAL | $135,045 |
Clara Bell Morgan Shea Trust 2223 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $35,000 |
Mattie G Blayney Trust Ua Fbo James C Donnell Pittsburgh, PA PURPOSE: GENERAL PURPOSE | $10,665 |
Endowment Analysis
| Beg. Balance | $25,213,735 |
| Earnings | -$3,849,678 |
| Net Contributions | $1,500 |
| Grants | $681,983 |
| Ending Balance | $20,683,574 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
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 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
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 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |