Union Hospital Foundation Inc
- Assets
- $25.6m
- Revenue
- $2.0m
- Investments
- $7.5m
- Employees
- 6
- Location
- Terre Haute, IN
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 35-1642823
Organization Overview
Union Hospital Foundation Inc, operating under the name Union Health Foundation Inc, is located in Terre Haute, IN. The organization was established in 1986. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Union Health Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Health Foundation Inc 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, Union Health Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 26.2% per year over the past 7 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.
Since 2016, Union Health Foundation Inc has awarded 19 individual grants totaling $4,600,912. 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
SUPPORT ADVANCES IN MEDICAL CARE AND INITIATIVES TO IMPROVE HEALTH FOR THE RESIDENTS OF WABASH VALLEY BY MAKING GRANTS TO UNION HOSPITAL, INC. UNION HOSPITAL HEALTH SERVICES, INC. AND OTHER QUALIFIED ORGANIZATIONS WHICH SERVE THIS PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES RELATED TO SUPPORTING ADVANCES IN MEDICAL CARE AND INITIATIVES WHICH IMPROVE HEALTH FOR THE RESIDENTS OF THE WABASH VALLEY BY MAKING GRANTS TO UNION HOSPITAL, INC., UNION HOSPITAL HEALTH SERVICES, INC. AND OTHER QUALIFIED ORGANIZATIONS TO FURTHER THE DELIVERY OF HEALTHCARE SERVICES TO THE WABASH VALLEY.THE FOUNDATION RECEIVES MANY DONATIONS ON BEHALF OF UNION HOSPITAL AND OTHER CHARITABLE ORGANIZATIONS RELATED TO THE FOUNDATION'S MISSION. THESE DONATIONS HELD ON THE HOSPITAL'S BEHALF ARE RECORDED IN AGENCY LIABILITY ACCOUNTS ON THE FOUNDATION'S BALANCE SHEET. DURING THE YEAR THERE WAS APPROXIMATELY $272,935 IN AGENCY GRANTS APPROVED FOR DISBURSEMENT.
ACADEMIC SCHOLARSHIP AWARDS TO BE APPLIED TO THE TUITION AND RELATED EDUCATION EXPENSES OF NUMEROUS STUDENTS ATTENDING VARIOUS COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot Gillespie Chairperson | OfficerTrustee | 4 | $0 |
Marlene Lenz Assistant Secretary | OfficerTrustee | 1 | $0 |
Joel Harbaugh Executive Director | OfficerTrustee | 60 | $0 |
Cindy Martin Treasurer | OfficerTrustee | 1 | $0 |
Matthew Nealon Asst. Treasurer | OfficerTrustee | 1 | $0 |
Mary Doti Vice-Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,506 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $729,000 |
| Noncash contributions included in lines 1a–1f | $38,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,506 |
| Total Program Service Revenue | $0 |
| Investment income | $162,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,308 |
| Net Gain/Loss on Asset Sales | $856,937 |
| Net Income from Fundraising Events | $111,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,985,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $498,422 |
| Grants and other assistance to domestic individuals. | $32,325 |
| 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 | $365,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,925 |
| Payroll taxes | $26,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $76,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,824 |
| Fees for services: Other | $27,651 |
| Advertising and promotion | $3,462 |
| Office expenses | $22,648 |
| Information technology | $15,763 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,093 |
| 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 | $14,820 |
| Insurance | $1,923 |
| All other expenses | $53,826 |
| Total functional expenses | $1,278,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,155,837 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $35,242 |
| 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 |
| Net Land, buildings, and equipment | $275,115 |
| Investments—publicly traded securities | $16,496,717 |
| Investments—other securities | $7,521,826 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,634,737 |
| Accounts payable and accrued expenses | $130,441 |
| Grants payable | $415,397 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,581,951 |
| 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 | $6,127,789 |
| Net assets without donor restrictions | $15,184,893 |
| Net assets with donor restrictions | $4,322,055 |
| 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 | $25,634,737 |
Grants Awarded
Over the last fiscal year, Union Hospital Foundation Inc has awarded $447,252 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Terre Haute, IN PURPOSE: CHARITABLE GRANT | $390,477 |
Terre Haute, IN PURPOSE: CHARITABLE GRANT | $50,000 |
Terre Haute, IN PURPOSE: CHARITABLE GRANT | $6,775 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Union Hospital Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Weston Wabash Foundation Terre Haute, IN PURPOSE: OPERATING SUPPORT | $25,000 |
Gregory L Gibson Charitable Foundation Inc Terre Haute, IN PURPOSE: CONTRIBUTION FOR GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $4,911,051 |
| Earnings | $665,884 |
| Net Contributions | $105,680 |
| Other Expense | $36,735 |
| Ending Balance | $5,645,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Thomas Hickman Hospital St Louis, MO | $24,134,448 | $16,803,562 |
Prohealth Home Care Inc Waukesha, WI | $6,299,123 | $18,764,473 |
St Vincent Salem Hospital Inc St Louis, MO | $6,956,752 | $21,717,405 |
Wabash Memorial Hospital Association Decatur, IL | $9,506,670 | $13,426,944 |
Aspire Indiana Health Noblesville, IN | $3,576,197 | $13,333,064 |
Riggs Community Health Center Inc Lafayette, IN | $25,254,127 | $14,878,610 |
Sterling Health Solutions Inc Mt Sterling, KY | $9,010,714 | $13,531,321 |
Wamego Hospital Association St Louis, MO | $36,078,882 | $17,680,102 |
Kentucky Primary Care Association Inc Frankfort, KY | $24,979,444 | $13,536,797 |
Clark Community Mental Health Center Pierce City, MO | $11,571,657 | $11,906,933 |
Community Health Centers Of Western Kentucky Inc Greenville, KY | $18,210,332 | $12,355,929 |
Grace Village Health Care Facility Inc Winona Lake, IN | $4,795,562 | $8,838,747 |