Heritage Valley Beaver Foundation
- Assets
- $0.0
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Moon Township, PA
- Founding
- Data as of
- 12/2017
- EIN
- 25-1441516
Organization Overview
Heritage Valley Beaver Foundation is located in Moon Township, PA. Heritage Valley Beaver 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 12/2017, Heritage Valley Beaver Foundation generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OHERITAGE VALLEY BEAVER FOUNDATION IS A SUPPORTING ORGANIZATION AND IS RESPONSIBLE FOR CARRYING OUT THE PHILANTHROPIC ACTIVITIES FOR HERITAGE VALLEY BEAVER, DIVISION OF VALLEY MEDICAL FACILITIES, BY PROVIDING STEWARDSHIP FOR MONIES RAISED WHILE WORKING TOWARD ENHANCEMENT OF PATIENT CARE AND PROGRAMS THROUGHOUT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE VALLEY BEAVER FOUNDATION EXPENDED $550,000 FROM BOARD-DESIGNATED FUNDS FOR RENOVATION AND EQUIPMENT COSTS TO FUND A COMMUNITY-BASED SIX CHAIR DENTAL CLINIC TO SERVE THE DENTAL NEEDS OF ADULTS AND CHILDREN IN BEAVER COUNTY. PRIMARY HEALTH NETWORK WILL ASSUME RESPONSIBILITY FOR THE ON-GOING OPERATIONS AND FUNDING, WHICH WILL COMMENCE OPERATIONS IN JANUARY 2018. THE DENTAL CLINIC WILL PROVIDE A COMMUNITY-BASED DENTAL SERVICE FOR BOTH EMERGENT AND ROUTINE DENTAL CARE; WILL LEAD TO DECREASED USE OF EMERGENCY ROOM VISITS FOR ROUTINE DENTAL CARE WHICH IS INEFFICIENT AND EXPENSIVE, AND WILL IMPROVE ACCESS TO DENTAL CARE SERVICES FOR THE UNINSURED AND UNDER-INSURED AND FOR MEDICAL ASSISTANCE RECIPIENTS.
TRANSFERRED TO HERITAGE VALLEY BEAVER, A DIVISION OF VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, TO REIMBURSE FOR COSTS INCURRED FOR COMMUNITY HEALTH SERVICES (CHS), WHICH PROVIDE PATIENTS LIVING WITH CHRONIC HEALTH CONDITIONS WITH THE HIGHEST QUALITY AND MOST EFFICIENT CARE THROUGH PROGRAMS IN PREGNANCY HEALTH SERVICES, PEDIATRIC ASTHMA, DIABETES/NUTRITION COMPREHENSIVE CARE, COMMUNITY ADVANCED ILLNESS, SMOKING CESSATION, METABOLIC SYNDROME, COMMUNITY OUTREACH AND PEDIATRIC OBESITY.
HERITAGE VALLEY BEAVER FOUNDATION TRANSFERRED TO HERITAGE VALLEY BEAVER, A DIVISION OF VALLEY MEDICAL FACILITIES, INC., A RELATED TAX-EXEMPT ORGANIZATION, FOR THE PURCHASE OF CAPITAL EQUIPMENT USING FUNDS RESTRICTED BY DONORS FOR THAT SPECIFIC PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Zelenko Secretary | OfficerTrustee | 0.5 | $0 |
Norman Mitry President & CEO | OfficerTrustee | 2 | $0 |
Frederick Clerici Treasurer | OfficerTrustee | 0.5 | $0 |
George Mistovich DMD Vice-Chair | OfficerTrustee | 0.5 | $0 |
Robert Terwilliger Chair | OfficerTrustee | 2 | $0 |
Bryan Randall Vice-President, Finance & CFO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $980 |
| Membership dues | $0 |
| Fundraising events | $100,642 |
| Related organizations | $88,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,935 |
| Total Program Service Revenue | $0 |
| Investment income | $909,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,498,489 |
| Net Income from Fundraising Events | -$6,720 |
| Net Income from Gaming Activities | $2,810 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,756,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $961,217 |
| Grants and other assistance to domestic individuals. | $17,260 |
| 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 | $56,372 |
| 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 | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,352 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,106 |
| Information technology | $496 |
| Royalties | $0 |
| Occupancy | $439 |
| Travel | $59 |
| 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 | $191 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,054,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Valley Beaver Foundation has recieved totaling $34,564.
| Awarding Organization | Amount |
|---|---|
Upmc Pittsburgh, PA PURPOSE: COMMUNITY DEVEL | $34,564 |
Endowment Analysis
| Beg. Balance | $90,736,750 |
| Earnings | $5,081,764 |
| Admin Expense | $200,235 |
| Net Contributions | $332,597 |
| Other Expense | $95,803,905 |
| Grants | $146,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Partnership To End Addiction New York, NY | $61,675,636 | $16,194,669 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Jewish Nursing Home Of Western Mass Inc Longmeadow, MA | $27,155,425 | $18,778,772 |