The Huntsville Hospital Foundation Inc
- Assets
- $34.1m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 09/1978
- Data as of
- 06/2022
- EIN
- 63-0752604
Organization Overview
The Huntsville Hospital Foundation Inc is located in Huntsville, AL. The organization was established in 1978. 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. Huntsville Hospital 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 06/2022, Huntsville Hospital Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 10.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HUNTSVILLE HOSPITAL FOUNDATION INSPIRES PHILANTHROPIC PARTNERS TO INVEST IN MEDICAL TECHNOLOGY AND PROGRAMS THAT ADVANCE HUNTSVILLE HOSPITAL'S MISSION TO IMPROVE THE HEALTH OF THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A King Chairman | OfficerTrustee | 2 | $0 |
Sarah H Savage-Jones President | OfficerTrustee | 50 | $0 |
Bill Roark Vice-Chairman | OfficerTrustee | 2 | $0 |
Lori Lioce Dnp Secretary | OfficerTrustee | 2 | $0 |
Benjamin Cobb Treasurer | OfficerTrustee | 2 | $0 |
Andrea Alvarez Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jerold Panas Linzy & Partners Inc Fundraising Consulting | 6/29/16 | $105,328 |
International Creative Management Entertainment Consulting | 6/29/16 | $110,000 |
Von Braun Center Facility Rental Services | 6/29/16 | $146,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $213,433 |
| Related organizations | $1,344,613 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,954,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,512,483 |
| Total Program Service Revenue | $0 |
| Investment income | $581,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,899 |
| Net Gain/Loss on Asset Sales | $2,330,318 |
| Net Income from Fundraising Events | $1,063,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,525,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,383,422 |
| Grants and other assistance to domestic individuals. | $326,197 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $74,523 |
| Fees for services: Investment Management | $88,077 |
| Fees for services: Other | $174,559 |
| Advertising and promotion | $32,523 |
| Office expenses | $26,695 |
| Information technology | $79,053 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,181 |
| Interest | $41,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,415 |
| Insurance | $0 |
| All other expenses | $34,426 |
| Total functional expenses | $7,739,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299 |
| Savings and temporary cash investments | $1,563,288 |
| Pledges and grants receivable | $267,154 |
| Accounts receivable, net | $84,640 |
| 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 | $25,241 |
| Net Land, buildings, and equipment | $32,680 |
| Investments—publicly traded securities | $31,416,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $668,415 |
| Total assets | $34,058,246 |
| Accounts payable and accrued expenses | $14,730 |
| 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 | $0 |
| Total liabilities | $14,730 |
| Net assets without donor restrictions | $10,535,138 |
| Net assets with donor restrictions | $23,508,378 |
| 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 | $34,058,246 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that The Huntsville Hospital Foundation Inc has recieved totaling $427,315.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: HEALTH | $110,250 |
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: EQUIPMENT/SUPPLIES | $53,139 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $50,900 |
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $49,564 |
Lanier Family Foundation Inc Huntsville, AL PURPOSE: SUPPORTS HEALTH CARE PROGRAMS | $25,000 |
American Junior Golf Foundation Inc Braselton, GA PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $10,286,990 |
| Earnings | -$2,164,755 |
| Net Contributions | $120,089 |
| Other Expense | -$524 |
| Ending Balance | $8,242,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |