Meadville Medical Center Foundation
- Assets
- $2.9m
- Revenue
- $685.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Meadville, PA
- Founding
- 06/1992
- Data as of
- 06/2020
- EIN
- 25-1681342
Organization Overview
Meadville Medical Center Foundation is located in Meadville, PA. The organization was established in 1992. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadville Medical Center 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 06/2020, Meadville Medical Center Foundation generated $685.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $328.3k during the year ending 06/2020. While expenses have increased by 0.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE DONOR FUNDS TO ASSIST MEADVILLE MEDICAL CENTER AND RELATED ENTITIES IN UPGRADING FACILITIES, OFFERING NEW SERVICES, AND PROVIDING HIGH QUALITY HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEADVILLE MEDICAL CENTER FOUNDATION IS THE FUND-RAISING ARM OF MEADVILLE MEDICAL CENTER AND RELATED ENTITIES ESTABLISHED FOR THE PURPOSE OF ACQUIRING DONOR SUPPORT TO ASSIST IN THE CONTINUED ADVANCEMENT OF THE MEDICAL CENTER. SEE SCHEDULE O FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Rhoten CEO | Officer | 26 | $135,498 |
Dennis Finton DMD Vice Chair End 9/20 | OfficerTrustee | 1 | $0 |
Angela Niedermeyer Vice Chair Beg 9/20 | OfficerTrustee | 1 | $0 |
David Gray Secretary/treasurer Beg 9/20 | OfficerTrustee | 1 | $0 |
Jay Verno Chair | OfficerTrustee | 1 | $0 |
Renato Suntay CFO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,768 |
| Investment income | $63,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $685,767 |
| 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. | $150,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,745 |
| Pension plan accruals and contributions | $353 |
| Other employee benefits | $3,342 |
| Payroll taxes | $14,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,318 |
| Advertising and promotion | $1,000 |
| Office expenses | $43,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,095 |
| Travel | $31,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,547 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $328,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,016 |
| Savings and temporary cash investments | $1,789,197 |
| Pledges and grants receivable | $428,641 |
| 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 |
| Investments—publicly traded securities | $643,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,583 |
| Total assets | $2,903,008 |
| Accounts payable and accrued expenses | $11,149 |
| 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 | $11,149 |
| 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 | $2,891,859 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Meadville Medical Center Foundation has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Rdl Family Foundation Meaville, PA PURPOSE: GENERAL FUNDS | $50,000 |
Ljl Family Foundation Meaville, PA PURPOSE: GENERAL FUNDS | $20,000 |
Endowment Analysis
| Beg. Balance | $834,408 |
| Earnings | $179,179 |
| Net Contributions | $50,119 |
| Ending Balance | $1,063,706 |
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 |