Trinity Health Foundation
- Assets
- $38.5m
- Revenue
- $2.2m
- Investments
- $35.0m
- Employees
- 0
- Location
- Steubenville, OH
- Founding
- 01/1992
- Data as of
- 06/2020
- EIN
- 31-1329423
Organization Overview
Trinity Health Foundation, operating under the name Trinity Health System Foundation, is located in Steubenville, OH. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Health System 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, Trinity Health System Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $321.9k during the year ending 06/2020. While expenses have increased by 16.6% 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
ASSISTANCE TO THE INDIGENT, AND FINANCIAL ASSISTANCE TO CANCER TREATMENT PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY HEALTH FOUNDATION SOLICITS DONATIONS AND PROVIDES THEMAXIMUM RETURN ON INVESTMENTS IN ORDER TO SUPPORT TRINITY HEALTHSYSTEM IN ITS CONTINUING MISSION TO PROVIDE THE COMMUNITY WITHHIGHEST LEVEL OF PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Simpson Board President/chair | OfficerTrustee | 2 | $0 |
Matt Grimshaw President & CEO | OfficerTrustee | 5 | $0 |
Shawn Blake Secretary | OfficerTrustee | 2 | $0 |
Dave Werkin CFO | Officer | 5 | $0 |
Mark Teramana Board Member | Trustee | 2 | $0 |
Edward Littlejohn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,559 |
| Investment income | $779,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,101,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,221,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,500 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $150,000 |
| 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 | $7,565 |
| Advertising and promotion | $10,702 |
| Office expenses | $9,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,707 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $321,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15 |
| Savings and temporary cash investments | $990,807 |
| Pledges and grants receivable | $0 |
| 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 | $2,500,003 |
| Investments—other securities | $35,002,327 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,493,152 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,500 |
| Total liabilities | $12,500 |
| 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 | $38,480,652 |
Grants Awarded
Over the last fiscal year, Trinity Health Foundation has awarded $80,907 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Steubenville, OH PURPOSE: Program Support | $75,907 |
SISTERS OF ST FRANCIS PURPOSE: Program Support | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trinity Health Foundation has recieved totaling $8,100.
| Awarding Organization | Amount |
|---|---|
Tony & Gladys Teramana Charitable Foundation Steubenville, OH PURPOSE: HEALTH CARE | $7,000 |
Starvaggi Charities Inc Weirton, WV PURPOSE: HEALTH | $1,000 |
William M And Alyce Cafaro Family Foundation Niles, OH PURPOSE: GENERAL PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $4,516,069 |
| Earnings | $94,169 |
| Net Contributions | $147,982 |
| Other Expense | $25,589 |
| Ending Balance | $4,732,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |