Meadville Medical Center Foundation
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Meadville, PA
- Founding
- 06/1992
- Data as of
- 06/2021
- 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 06/2021, Meadville Medical Center Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $284.7k 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 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 |
|---|---|---|---|
Renato Suntay CFO | Officer | 0 | $0 |
Humberto Dorta Vice Chair Beg 09/21 | OfficerTrustee | 1 | $0 |
Donald Rhoten CEO | Officer | 26 | $144,769 |
Jay Verno Chair End 09/21 | OfficerTrustee | 1 | $0 |
Don Apel Director | Trustee | 1 | $0 |
Dana Dearment Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $876,980 |
| Investment income | $257,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,134,524 |
| 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. | $164,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,297 |
| Pension plan accruals and contributions | $4,150 |
| Other employee benefits | $0 |
| Payroll taxes | $15,931 |
| 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 | $15,804 |
| Advertising and promotion | $0 |
| Office expenses | $8,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,920 |
| Travel | $1,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,547 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $284,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,898 |
| Savings and temporary cash investments | $1,308,691 |
| Pledges and grants receivable | $812,500 |
| 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 | $871,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,585 |
| Total assets | $3,035,127 |
| Accounts payable and accrued expenses | $10,804 |
| 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 | $10,804 |
| 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 | $3,024,323 |