Northeastern Pennsylvania Health Care Foundation
- Assets
- $15.3m
- Revenue
- $825.4k
- Investments
- $15.3m
- Employees
- 0
- Location
- Scranton, PA
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-5501471
Organization Overview
Northeastern Pennsylvania Health Care Foundation is located in Scranton, PA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeastern Pennsylvania Health Care 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 12/2023, Northeastern Pennsylvania Health Care Foundation generated $825.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $576.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Northeastern Pennsylvania Health Care Foundation has awarded 175 individual grants totaling $7,243,421. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS OPERATED TO PROVIDE GRANTS TO IRC 501 (C) (3) OPERATING EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Clemente Chair / Director | 2 | $0 | |
Robert Knowles Jr Vice-Chair / Director | 2 | $0 | |
Matthew Haggerty Secretary / Treasurer/ Dir | 2 | $0 | |
Michael Cordaro Director | 1 | $0 | |
Peter Cognetti MD Director | 1 | $0 | |
Shubhra Shetty MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,601 |
| Interest on Savings | $91,888 |
| Dividends & Interest | $257,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $470,317 |
| Capital Gain Net Income | $470,317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $490 |
| Total Revenue | $825,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,937 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,673 |
| Printing and publications | $0 |
| Other expenses | $9,453 |
| Total operating and administrative expenses | $161,181 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $576,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,115 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,322,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,326,230 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Northeastern Pennsylvania Health Care Foundation has awarded $415,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVITY MIGUEL SCHOOL SCRANTON PURPOSE: SUPPORT FOR PROGRAMS | $10,000 |
CASA OF LACKAWANNA COUNTY PURPOSE: SUPPORT FOR PROGRAMS | $10,000 |
NORTHEASTERN PA HEALTHCARE FOUNDATION NURSING SCHLORSHIP FUND PURPOSE: SUPPORT FOR PROGRAMS | $45,000 |
GEISINGER COMMONWEALTH SCHOOL OF MEDICINE PURPOSE: SUPPORT FOR PROGRAMS | $320,000 |
NEPA GIVES PROJECT FUND PURPOSE: SUPPORT FOR PROGRAMS | $10,000 |
ALLONE CHARITIES PURPOSE: SUPPORT FOR PROGRAMS | $20,000 |