Passavant Hospital Foundation
- Assets
- $52.4m
- Revenue
- $5.2m
- Investments
- $51.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 25-1407815
Organization Overview
Passavant Hospital Foundation is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Passavant 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, Passavant Hospital Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 10.5% 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 2015, Passavant Hospital Foundation has awarded 31 individual grants totaling $20,469,041. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT UPMC PASSAVANT, ADVANCING HEALTH/WELLNESS THROUGH EDUCATION, OUTREACH, AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED A MATCHING GRANT SUPPORTING UPMC PASSAVANT'S FIRST IMPRESSION'S PROJECT IN 2021. THE GRANT, NUMBER THREE OF THREE, TO UPMC PASSAVANT BENEFITS UPGRADES FOR STRATEGIC FACILITY, PATIENT AND FAMILY AREAS, AND EQUIPMENT. THE SUPPORT DIRECTLY IMPACTS OUR PATIENTS, THEIR FAMILIES, AND THE COMMUNITY WE SERVE WITH THE VERY BEST HEALTHCARE AVAILABLE IN NORTHERN REGIONS OF ALLEGHENY COUNTY.
OUTREACH PROGRAMS INCLUDED 41 FREE PRESENTATIONS REACHING 5,004 ATTENDEES. EDUCATING THE COMMUNITY AT LARGE, THESE SESSIONS ARE INTENDED TO IMPROVE OUR COMMUNITY'S HEALTH WITH TOPICS SUCH, TAVR AND AORTIC STENOSIS, FOOT AND ANKLE CONDITIONS, MENOPAUSE AND WOMAN'S HEART HEALTH AND COLON CANCER AWARENESS. A SYMPOSIUM, ATTENDED BY 165 UPMC VPMA'S AND MEDICAL LEADERSHIP, ATTENDED A HORTY SPRINGER AND MATTERN: A COMPLETE MEDICAL STAFF LEADERSHIP" VIRTUAL CONFERENCE. OVER 150 CANCER SURVIVORS AND THEIR FAMILIES WERE ABLE TO DRIVE THROUGH UPMC PASSAVANT AND "JOURNEY TOGETHER" THROUGH A LUMINAIRE EVENT. BRIDGE TO HOPE WHICH PROVIDES WEEKLY SUPPORT MEETINGS, FOR FAMILIES WITH A LOVED ONE SUFFERING FROM ADDICTION, HAD A TOTAL ATTENDANCE OF 862 OVER TWELVE MONTHS. BEYOND BRIDGE TO HOPE, A SUPPORT GROUP FOR PEOPLE WHO HAVE LOST A LOVED ONE TO ADDICTION, HAD A TOTAL ATTENDANCE OF 49.
DEPARTMENT GRANTS TO UPMC PASSAVANT HOSPITAL ARE AWARDED ANNUALLY BY THE FOUNDATION. THESE GRANTS BEING MADE TO THE HOSPITAL ARE FOR EQUIPMENT AND TECHNOLOGY TO IMPROVE PATIENT DIAGNOSIS, TREATMENT, COMFORT, SAFETY AND IMPROVE THE WORKING ENVIRONMENT FOR STAFF. THERE WERE SOME ADDITIONAL FUNDS USED FOR DIRECT SUPPORT OF THE HOSPITAL, INCLUDING THE RELEASE OF FUNDS FOR NURSING EDUCATION WHICH ASSISTS IN THE COST OF CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT TO ENHANCE THE QUALITY OF CARE FOR PATIENTS. THE PATIENT ASSISTANCE FUND WAS UTILIZED TO ASSIST PATIENTS FINANCIALLY WHO WERE UNABLE TO PAY FOR NECESSARY EXPENSES WHILE PATIENTS AT UPMC PASSAVANT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony R Savannah President | OfficerTrustee | 40 | $104,713 |
Daniel R Sullivan MD Chairman | OfficerTrustee | 3 | $0 |
Edward A Dills Treasurer | OfficerTrustee | 3 | $0 |
Richard S Hamilton Vice Chariman | OfficerTrustee | 3 | $0 |
Debra A Dinnocenzo Secretary | OfficerTrustee | 3 | $0 |
Julie Campbell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,342 |
| Membership dues | $0 |
| Fundraising events | $175,241 |
| Related organizations | $90,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,080 |
| Total Program Service Revenue | $138,537 |
| Investment income | $672,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,909,272 |
| Net Income from Fundraising Events | -$11,565 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,249,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,203,674 |
| 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. | $132,813 |
| Compensation of current officers, directors, key employees. | $13,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,088 |
| Payroll taxes | $15,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,263 |
| Fees for services: Accounting | $48,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $252,150 |
| Fees for services: Other | $12,458 |
| Advertising and promotion | $21,341 |
| Office expenses | $43,553 |
| Information technology | $29,180 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,758 |
| 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 | $26,297 |
| All other expenses | $25,019 |
| Total functional expenses | $4,067,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $702,838 |
| Pledges and grants receivable | $107,472 |
| 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 | $11,658 |
| Net Land, buildings, and equipment | $41,677 |
| Investments—publicly traded securities | $466,831 |
| Investments—other securities | $51,105,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,435,888 |
| Accounts payable and accrued expenses | $33,360 |
| 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 | $824,535 |
| Total liabilities | $857,895 |
| Net assets without donor restrictions | $50,398,265 |
| Net assets with donor restrictions | $1,179,728 |
| 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 | $52,435,888 |
Grants Awarded
Over the last fiscal year, Passavant Hospital Foundation has awarded $3,165,749 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: FIRST IMPRESSIONS PROJECT AND PATIENT IMPROVEMENTS | $3,150,549 |
Allison Park, PA PURPOSE: SUPPORTING COMMUNITY FOOD AND HUNGER PROGRAMS | $10,000 |
CRANBERRY TOWNSHIP PURPOSE: FOR EARLY ACCESS AED PROGRAM | $5,200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Passavant Hospital Foundation has recieved totaling $18,956.
| Awarding Organization | Amount |
|---|---|
E Rieck Charitable Tr 006246-6 Pittsburgh, PA PURPOSE: TO PROVIDE FINANCIAL | $9,561 |
Martha L Mason Trust 1739 Memorial Fund Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $9,395 |
Endowment Analysis
| Beg. Balance | $588,352 |
| Ending Balance | $588,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |