St Margaret Memorial Hospital Foundation
- Assets
- $33.3m
- Revenue
- $4.1m
- Investments
- $6.8m
- Employees
- 4
- Location
- Pittsburgh, PA
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 25-1520340
Organization Overview
St Margaret Memorial Hospital Foundation is located in Pittsburgh, PA. The organization was established in 1986. 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 12/2022, St Margaret Memorial Hospital Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Margaret Memorial 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, St Margaret Memorial Hospital Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 5 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, St Margaret Memorial Hospital Foundation has awarded 88 individual grants totaling $5,903,009. 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
ST. MARGARET FOUNDATION INVESTS IN HEALTH AND WELLNESS INITIATIVES AT UPMC ST. MARGARET AND WITHIN COMMUNITIES SERVED BY THE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PUBLIC CHARITY GOVERNED BY ITS BOARD OF DIRECTORS AND IS INDEPENDENT OF UPMC. A STRATEGIC PLANNING PROCESS IN 2012 RESULTED IN THE FOUNDATION'S FOCUS FOR RAISING AND DISTRIBUTING FUNDS IN THE FOLLOWING KEY AREAS AT UPMC ST. MARGARET: 1) PATIENT ACCESS; 2) PATIENT INFORMATION AND 3) PATIENT EXPERIENCE. IN TODAY'S HEALTH CARE ENVIRONMENT MANY PATIENT NEEDS CANNOT BE MET WITH MEDICARE, MEDICAID, INSURANCE AND SELF-PAYMENT ALONE. ST. MARGARET FOUNDATION FUNDRAISES FOR SPECIFIC AREAS OF NEED THAT INCLUDE: THE BED FUND WHICH PROVIDES UNDERSERVED PATIENTS WITH MEDICAL SUPPLIES, TRANSPORTATION TO CANCER AND OTHER TREATMENT, EMERGENCY HOUSING, MEDICATION, AND MUCH MORE; THE ONCOLOGY FUND FOR PATIENTS BATTLING CANCER TO HELP WITH TRANSPORTATION, MEDICATION, UTILITY ASSISTANCE DUE TO LOSS OF WAGES; THE ST. MARGARET FAMILY HEALTH CENTERS FUND FOR LOCATIONS IN LAWRENCEVILLE, BLOOMFIELD-GARFIELD, AND NEW KENSINGTON WHICH PROVIDES UNDERSERVED PATIENTS WITH IMMUNIZATIONS, MEDICATIONS, REACH OUT AND READ BOOKS FOR CHILDREN, TEDDY BEAR CLINIC, FOOD VOUCHERS FOR HOLIDAY MEALS, HEALTH FAIRS, NUTRITION EDUCATION AND HUMAN SEXUALITY EDUCATION IN THE INNER-CITY PUBLIC SCHOOLS; THE EMPLOYEE EMERGENCY FUND WHICH ASSISTS EMPLOYEES OF ST. MARGARET WHO HAVE EXPERIENCED A NATURAL DISASTER OR MEDICAL EMERGENCY. ST. MARGARET FOUNDATION MAKES GRANTS TO PROGRAMS THAT IMPROVE THE HEALTH OF THE ST. MARGARET COMMUNITY. EXAMPLES INCLUDE: LOOK GOOD FEEL BETTER PROGRAM FOR CANCER PATIENTS, FREE RIDES FOR SENIORS SHUTTLE SERVICE, FREE VALET SERVICE FOR SENIORS AND PATIENTS WITH DISABILITIES, FREE PHYSICIAN LECTURE PROGRAMS, PARAMEDIC RESPONSE VEHICLE TO SUPPORT EMS SERVICES IN THE COMMUNITY, EDUCATION AND MEDICATION FOR PATIENTS WITH CHRONIC OBSTRUCTIVE PULMONARY DISEASE, DIABETES SUPPORT GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David T Martin Board Member | Trustee | 1 | $0 |
John Lagnese MD Board Member | Trustee | 1 | $0 |
Neil Y Van Horn Board Member | Trustee | 1 | $0 |
Judith W Granato Board Member | Trustee | 1 | $0 |
Dave Patton Board Member | Trustee | 1 | $0 |
Peter G Ellis MD Acting Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $952,034 |
| Investment income | $835,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,217,360 |
| Net Income from Fundraising Events | $112,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,124,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $14,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,609 |
| Payroll taxes | $14,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,591 |
| Office expenses | $21,164 |
| Information technology | $10,587 |
| Royalties | $0 |
| Occupancy | $25,912 |
| Travel | $376 |
| 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 | $8,481 |
| All other expenses | $0 |
| Total functional expenses | $3,787,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394 |
| Savings and temporary cash investments | $1,022,592 |
| Pledges and grants receivable | $30,500 |
| Accounts receivable, net | $60,291 |
| 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 | $17,479 |
| Investments—publicly traded securities | $19,866,457 |
| Investments—other securities | $6,794,673 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,545,775 |
| Total assets | $33,338,161 |
| Accounts payable and accrued expenses | $57,942 |
| Grants payable | $15,500 |
| Deferred revenue | $20,000 |
| 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 | $5,842 |
| Total liabilities | $99,284 |
| Net assets without donor restrictions | $25,259,686 |
| Net assets with donor restrictions | $7,979,191 |
| 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 | $33,238,877 |
Grants Awarded
Over the last fiscal year, St Margaret Memorial Hospital Foundation has awarded $797,458 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UPMC ST MARGARET - VALET SERVICES PURPOSE: TO PROVIDE VALET SERVICES FOR OUR PATIENTS WITH DISABILITES | $45,000 |
UPMC ST MARGARET - BED FUND PURPOSE: TO REPLENISH THE BED FUND | $319,460 |
WESLEY FAMILY SERVICES - FAIRWEATHER TRANSPORTATION SERVICES PURPOSE: TO PROVIDE FREE TRANSPORTATION TO PATIENTS THROUGHOUT THE ALLI-KISKI VALLEY | $85,000 |
NORTH HILLS COMMUNITY OUTREACH-FREE RIDES FOR SENIORS PURPOSE: FREE RIDES FOR SENIORS OPERATING COSTS. | $110,000 |
UPMC ST MARGARET - FAMILY HEALTH CENTER PURPOSE: TO SUPPORT SEVERAL PROGRAMS RUN BY THE FAMILY HEALTH CENTER. | $39,000 |
UPMC ST MARGARET - KATHLEEN'S CUPBOARD PURPOSE: TO REPLENISH KATHLEEN'S CUPBOARD FREE FOOD PANTRY | $15,000 |