Portsmouth General Hospital Foundation
- Assets
- $12.8m
- Revenue
- $1.2m
- Investments
- $12.7m
- Employees
- 0
- Location
- Portsmouth, VA
- Founding
- 06/1989
- Data as of
- 06/2023
- EIN
- 54-1463392
Organization Overview
Portsmouth General Hospital Foundation is located in Portsmouth, VA. The organization was established in 1989. 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. Portsmouth General Hospital 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 06/2023, Portsmouth General Hospital Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $713.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Portsmouth General Hospital Foundation has awarded 193 individual grants totaling $4,071,887. 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
CHIP OF SOUTH HAMPTON ROADS - COMPREHENSIVE HEALTH INVESTMENT PROJECT FOR PORTSMOUTH
BOYS & GIRLS CLUBS OF S.E. VIRGINIA - TRIPLE PLAY PROGRAM FOR NEW PORTSMOUTH SITE
FOODBANK OF SOUTHEASTERN VIRGINIA - PORTSMOUTH BACKPACK AND HEALTHY MOBILE PANTRY PROGRAMS
PORTSMOUTH CHRISTIAN OUTREACH MINISTRIES - PORTSMOUTH SELF-SUFFICIENCY PROJECT - HUD RENEWAL MATCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan E Gollihue President | 25 | $152,549 | |
Ronald Green Chair | 2 | $0 | |
Bruce Britton Vice Chair | 2 | $0 | |
Shandre Harasty Director | 1 | $0 | |
James E Hoffler Secretary/tr | 1 | $0 | |
James Stewart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $660 |
| Dividends & Interest | $725,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$125,893 |
| Capital Gain Net Income | $122,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $643,532 |
| Total Revenue | $1,243,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $152,549 |
| Other employee salaries and wages | $98,688 |
| Pension plans, employee benefits | $71,811 |
| Interest | $0 |
| Taxes | $14,562 |
| Depreciation | $11,251 |
| Occupancy | $4,802 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,653 |
| Total operating and administrative expenses | $418,152 |
| Contributions, gifts, grants paid | $294,865 |
| Total expenses and disbursements | $713,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,993 |
| Savings and temporary cash investments | $0 |
| 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 | $55,422 |
| Net Land, buildings, and equipment | $102,239 |
| Other assets | $3,250 |
| Total assets | $12,832,659 |
| Accounts payable and accrued expenses | $27,396 |
| 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 | $3,733 |
| Total liabilities | $31,129 |
Grants Awarded
Over the last fiscal year, Portsmouth General Hospital Foundation has awarded $294,865 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHIP OF SOUTH HAMPTON ROADS PURPOSE: COMPREHENSIVE HEALTH INVEST PROJECT | $60,000 |
FOR KIDS INC PURPOSE: HOUSING AND CASE MANAGEMENT FOR PORT | $10,000 |
PORT NORFOLK CHURCH PURPOSE: FOOD AND CLOTHING MINISTRY | $2,500 |
STARBASE VICTORY PURPOSE: STARBASE PROGRAM EXPANSION | $25,000 |
PORTSMOUTH CATHOLIC REGIONAL SCHOOL PURPOSE: REPLACEMENT OF HOT WATER HEATER | $2,500 |
PORTSMOUTH COMMUNITY CONCERTS INC PURPOSE: ARTS EDUCATION FOR PORTSMOUTH | $2,500 |