Foundation For Mount Nittany Medical Center

Organization Overview

Foundation For Mount Nittany Medical Center, operating under the name Mount Nittany Health Foundation, is located in State College, PA. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Mount Nittany Health Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Nittany Health 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 06/2021, Mount Nittany Health Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mount Nittany Health Foundation has awarded 22 individual grants totaling $16,152,458. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FUNDRAISING & SUPPORT TO FURTHER THE CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES OF MNMC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER, INC. IS AN AFFILIATE OF MOUNT NITTANY HEALTH SYSTEM (HEALTH SYSTEM) WHICH INCLUDES AN ACUTE CARE HOSPITAL WITH 260 BEDS (MOUNT NITTANY MEDICAL CENTER), MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES, INC., MOUNT NITTANY PHYSICIAN GROUP, CENTRE COUNTY CHILDREN'S ADVOCACY CENTER, AND THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER, INC. THE MISSION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE OF OUR REGION BY SUPPORTING THE ADVANCEMENT OF HEALTHCARE AT MOUNT NITTANY HEALTH.CONTINUED ON SCHEDULE O.THE FOUNDATION SUPPORTS FUNDRAISING AND OTHER ACTIVITIES TO FURTHER THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF MOUNT NITTANY MEDICAL CENTER ("MNMC"). ACTIVITIES WITHIN FISCAL YEAR 2020 INCLUDED THE FOLLOWING:MOUNT NITTANY HEALTH FOUNDATION RAISED IN CASH GIFTS, $2,500,957.69 AND $12,000 IN PLEDGE COMMITMENTS FOR THE DIALYSIS UNIT AT MOUNT NITTANY MEDICAL CENTER.THE 30TH ANNUAL GOLF CLASSIC RAISED $249,245 TO SUPPORT THE NEWLY CREATED COVID-19 RESPONSE FUND AT MOUNT NITTANY MEDICAL CENTER WHICH WAS CREATED AS A RESPONSE OF THE PANDEMIC. THE GOLF CLASSIC COMMITTEE DECIDED TO PUT ON HOLD THEIR COMMITMENT TO $1 MILLION (DRIVING FOR $1 MILLION) TOWARDS THE CARDIOVASCULAR PAVILION PROJECT UNTIL 2021 AND FOCUSED ON THE NEEDS AND RESOURCES FOR COVID 19 FOR THE COMMUNITY. THE 72ND ANNUAL CHARITY BALL WAS HELD VIRTUALLY AND THE FIRST TIME THE EVENT WAS NOT HELD IN PERSON. THE COMMITTEE AND FOUNDATION TEAM DEVELOPED AN ONLINE PLATFORM FOR VIRTUAL INTERACTION AND GIVING AND FOCUSED THEIR EFFORTS ON THE CHILDREN'S ADVOCACY CENTER RAISING $136,422.54, VIRTUALLY. PLEDGE PAYMENTS:- CARDIOVASCULAR PAVILION: COLLECTED $169,922.94 IN CASH GIFTS FROM PAST PLEDGES - EMERGENCY DEPARTMENT EXPANSION: COLLECTED $5,000, WHICH WAS THE LAST PLEDGE PAYMENT FROM A LONG-TIME SUPPORTER- LINEAR ACCELERATOR: COLLECTED $50,000 IN CASH GIFTS FROM A PAST PLEDGEPLANNED GIVING:$100,000 WAS COMMITTED TO MOUNT NITTANY HEALTH FOUNDATION THROUGH ESTATE PLANNING AND $133,000 WAS RECEIVED FROM AN ESTATE BEQUEST.PROGRAMMATIC FUNDINGCHILDREN'S ADVOCACY CENTER (CAC):THE SUPPORT TO THE CAC TOTALED $320,464.98 WHICH WAS CUMULATIVE FUNDING FROM CHARITY BALL 2020, CENTRE COUNTY JURY PROGRAM, BRIDGE-A-RAMA, CENTRE GIVES, AND GENERAL COMMUNITY SUPPORT. COVID-19 RESPONSE FUND:THIS FUND WAS CREATED DURING THE EARLY DAYS OF THE PANDEMIC WHEN THE NEED BECAME APPARENT FOR VALUABLE RESOURCES SUCH AS PERSONAL PROTECTIVE EQUIPMENT (PPE), VENTILATORS, TESTING, VACCINES AND THE VACCINE DISTRIBUTION PROCESS. OVER $199,000 WAS RAISED FOR THIS COMMUNITY-WIDE FUNDRAISING EFFORT REACHING DONORS THROUGH THE GOLF CLASSIC, CENTRE GIVES, ANNUAL GIVING, AND GRATEFUL PATIENTS DURING THE VACCINE CLINICS. DR. WAYNE J. SEBASTIANELLI LEADERSHIP DEVELOPMENT ENDOWMENT:CREATED THROUGH A LEAD GIFT FROM MOUNT NITTANY MEDICAL CENTER MEDICAL STAFF IN HONOR OF THE SERVICE OF THE CHIEF OF STAFF FOR 20 YEARS, THIS ENDOWMENT WILL SUPPORT PHYSICIANS AND OTHER MEDICAL STAFF ACCESS TO LEADERSHIP TRAINING FOR THE BENEFIT OF MOUNT NITTANY MEDICAL CENTER. OVER $21,000 WAS RAISED IN THIS FISCAL YEAR WITH A GOAL TO REACH $50,000.OUTPATIENT BUILDING:CLOSE SUPPORTERS OF MOUNT NITTANY HEALTH SUPPORTED THE PLANNING OF THIS EFFORT WITH $100,000.GIVING CATEGORIESANNUAL GIVING:END OF YEAR AND DOCTORS' DAY APPEALS RAISED $132,444 FOR VARIOUS PROGRAMS AND SERVICES AT MOUNT NITTANY HEALTH WITH A CONCENTRATION ON COVID-19 RESPONSE FUND.GRATEFUL PATIENT PROGRAM:RAISED $56,715 FOR VARIOUS PROGRAMS AND SERVICES AT MOUNT NITTANY HEALTH FROM GRATEFUL PATIENTS AND THEIR FAMILIES.MEMORIAL GIFTS:$34,709 WAS GIVEN IN SUPPORT OF FRIENDS LOST IN OUR COMMUNITY FOR THE GREATEST NEED OF MOUNT NITTANY HEALTHOUTSIDE EVENTS:- TEAM REAM FOUNDATION - $45,000 IN SUPPORT OF THE CANCER NAVIGATION PROGRAM- CENTRE GIVES PROUD PARTICIPANT OF THIS COMMUNITY FUNDRAISING EVENT WHERE $18,720 WAS SPLIT BETWEEN THE CAC AND THE COVID-19 RESPONSE FUND- STATE COLLEGE HIGH SCHOOL SOFTBALL SUPPORTED THE BREAST HEALTH FUND WITH AN $800 DONATION THROUGH THEIR FUNDRAISING EFFORTS.


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Board, Officers & Key Employees

Name (title)Compensation
Simon Corby
Executive Director
$206,927
John Dutton PHD
Chair
$0
William P Hayes
Treasurer
$0
Kasandra A Botti DO
Secretary
$0
Jonathan Dranov MD
Chair (until 10/2020)
$0
Kathleen Rhine
President/ceo
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$271,717
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,934,406
Noncash contributions included in lines 1a–1f $26,842
Total Revenue from Contributions, Gifts, Grants & Similar$2,206,123
Total Program Service Revenue$0
Investment income $449
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $463,196
Net Income from Fundraising Events -$11,959
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,657,809

Grants Awarded

Over the last fiscal year, Foundation For Mount Nittany Medical Center has awarded $3,134,176 in support to 3 organizations.

Grant RecipientAmount

MOUNT NITTANY MEDICAL CENTER

Org PageRecipient Profile

State College, PA

PURPOSE: PROVIDE FINANCIAL SUPPORT TO AFFILIATE

$3,009,193

CENTRE COUNTY CHILDREN'S ADVOCACY CENTER

Org PageRecipient Profile

State College, PA

PURPOSE: PROVIDE FINANCIAL SUPPORT TO AFFILIATE

$118,908

MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES INC

Org PageRecipient Profile

State College, PA

PURPOSE: PROVIDE FINANCIAL SUPPORT TO AFFILIATE

$6,075
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Foundation For Mount Nittany Medical Center has recieved totaling $70,453.

Awarding OrganizationAmount
Centre County Community Foundation Inc

State College, PA

PURPOSE: GENERAL SUPPORT

$60,448
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: MEDICAL / PUBLIC SERVICES

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,414,155
Earnings$734,527
Net Contributions$10,250
Ending Balance$4,158,932

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