Indiana Healthcare Foundation
- Assets
- $18.9m
- Revenue
- $1.5m
- Investments
- $8.3m
- Employees
- 3
- Location
- Indiana, PA
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 25-1574302
Organization Overview
Indiana Healthcare Foundation is located in Indiana, PA. The organization was established in 1989. 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 06/2021, Indiana Healthcare Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Healthcare 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, Indiana Healthcare Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $300.3k during the year ending 06/2021. 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 PROVIDE SUPPORT FOR INDIANA REGIONAL MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANA HEALTHCARE FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES IN SUPPORT OF INDIANA REGIONAL MEDICAL CENTER ("IRMC"). IRMC IS A NON-PROFIT, COMMUNITY BASED HEALTH SYSTEM THAT OFFERS A WIDE RANGE OF SERVICES INCLUDING INPATIENT ACUTE CARE SERVICES, WIDE RANGE OF OUTPATIENT DIAGNOSTICS, SURGERY, PEDIATRICS, OBSTETRICS, GERIATRIC BEHAVIORAL HEALTHCARE, REHABILITATIVE NURSING, ONCOLOGY SERVICES, BOTH CHEMOTHERAPY AND RADIATION THERAPIES AND CARDIAC CARE INCLUDING INTERVENTIONAL CARDIOLOGY . THE MEDICAL CENTER DEMONSTRATES AN ONGOING COMMITMENT TO THE COMMUNITY BY CONTINUALLY REVIEWING AND IMPROVING ITS SERVICES TO ENSURE THAT THE COMMUNITY RECEIVES TOP-QUALITY, EFFICIENT, ACCESSIBLE, COST-EFFECTIVE HEALTHCARE AND QUALITY OUTREACH AND HEALTH PROMOTION SERVICES. IRMC IS THE SOLE PROVIDER IN THE COUNTY THAT SERVES 85,000 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Reschini Chairman | OfficerTrustee | 1 | $0 |
Jennifer Myers Secretary/treasurer | OfficerTrustee | 1 | $0 |
Stephen A Wolfe President & CEO | OfficerTrustee | 1 | $0 |
Chad Frick Vice Chairman | OfficerTrustee | 1 | $0 |
Robert A Gongaware Chief Financial Officer | Officer | 1 | $0 |
Chad Martin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,514 |
| Related organizations | $0 |
| Government grants | $19,971 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,417 |
| Total Program Service Revenue | $0 |
| Investment income | $880,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,800 |
| Net Income from Fundraising Events | -$21,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,546 |
| Pension plan accruals and contributions | $6,101 |
| Other employee benefits | $16,131 |
| Payroll taxes | $10,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,459 |
| Advertising and promotion | $0 |
| Office expenses | $22,036 |
| Information technology | $1,548 |
| Royalties | $0 |
| Occupancy | $6,262 |
| Travel | $12,389 |
| 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 | $1,200 |
| All other expenses | $0 |
| Total functional expenses | $300,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $970,758 |
| Savings and temporary cash investments | $293,874 |
| Pledges and grants receivable | $105,195 |
| 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 | $9,238,165 |
| Investments—other securities | $8,282,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,890,155 |
| Accounts payable and accrued expenses | $34,450 |
| 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 | $163,037 |
| Total liabilities | $197,487 |
| Net assets without donor restrictions | $7,134,145 |
| Net assets with donor restrictions | $11,558,523 |
| 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 | $18,890,155 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Indiana Healthcare Foundation has recieved totaling $33,913.
| Awarding Organization | Amount |
|---|---|
W Ralph & Ruby Ober Smith Charitable Remainder Unitrust Indiana, PA PURPOSE: FINANCIAL SUPPORT | $23,088 |
S&t Bancorp Charitable Foundation Indiana, PA PURPOSE: CHARITABLE | $10,500 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $325 |
Endowment Analysis
| Beg. Balance | $6,937,129 |
| Earnings | $1,291,132 |
| Ending Balance | $8,228,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |