University Healthcare Foundation Inc
- Assets
- $41.0m
- Revenue
- $2.6m
- Investments
- $18.4m
- Employees
- 0
- Location
- Martinsburg, WV
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 31-1118075
Organization Overview
University Healthcare Foundation Inc, operating under the name WVU Hospitals East Foundation, is located in Martinsburg, WV. The organization was established in 1985. 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. WVU Hospitals East 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, WVU Hospitals East Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $743.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, WVU Hospitals East Foundation has awarded 25 individual grants totaling $1,170,038. 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
UNIVERSITY HEALTHCARE FOUNDATION ASSISTS IN FUNDRAISING, SPECIAL EVENTS AND ACTIVITIES, FUND MANAGEMENT, AND OTHER ACTIVITIES THAT HELP TO FURTHER THE PURPOSE OF OTHER RELATED EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY HEALTHCARE FOUNDATION ASSISTS IN THE FUNDRAISING, SPECIAL EVENTS AND ACTIVITIES, FUND MANAGEMENT, AND OTHER ACTIVITIES THAT FURTHER THE EXEMPT PURPOSES OF AFFILIATED ORGANIZATIONS, NAMELY CITY HOSPITAL, INC. DBA BERKELEY MEDICAL CENTER AND JEFFERSON MEMORIAL HOSPITAL DBA JEFFERSON MEDICAL CENTER. UNIVERSITY HEALTHCARE FOUNDATION ALSO OWNS AND MANAGES PROPERTIES THAT ARE HOME TO DOCTORS OFFICE AND OTHER ANCILLARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Mccabe Staff - Non-Voting | Officer | 10 | $66,735 |
Charles Chip Hensell III Director, Chairman | OfficerTrustee | 1 | $0 |
William White Director, Treasurer January - April | OfficerTrustee | 1 | $0 |
M Elizabeth Oates Director, Secretary | OfficerTrustee | 1 | $0 |
Leslie Crabill Director, Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Petrucci Director, Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,317 |
| Related organizations | $0 |
| Government grants | $46,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,311 |
| Total Program Service Revenue | $0 |
| Investment income | $834,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,007,546 |
| Net Gain/Loss on Asset Sales | $682,888 |
| Net Income from Fundraising Events | $44,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,646,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,528 |
| Grants and other assistance to domestic individuals. | $38,000 |
| 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 | $59,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,203 |
| Payroll taxes | $2,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $743,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,300,819 |
| Savings and temporary cash investments | $18,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,114 |
| 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 | $30,106 |
| Net Land, buildings, and equipment | $19,493,085 |
| Investments—publicly traded securities | $269,155 |
| Investments—other securities | $18,442,788 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,999,916 |
| Accounts payable and accrued expenses | $61,773 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,349,737 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,449,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,413 |
| Total liabilities | $6,929,876 |
| Net assets without donor restrictions | $33,015,732 |
| Net assets with donor restrictions | $1,054,308 |
| 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 | $40,999,916 |
Grants Awarded
Over the last fiscal year, University Healthcare Foundation Inc has awarded $102,591 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Martinsburg, WV PURPOSE: Support | $57,341 |
BLUE RIDGE CTC PURPOSE: Support Nursing Program | $40,000 |
Inwood, WV PURPOSE: Support | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
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 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |