Valley View Foundation Inc
- Assets
- $25.3m
- Revenue
- $2.9m
- Investments
- $19.1m
- Employees
- 0
- Location
- Ada, OK
- Founding
- 12/1983
- Data as of
- 06/2021
- EIN
- 73-0630359
Organization Overview
Valley View Foundation Inc is located in Ada, OK. The organization was established in 1983. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Valley View 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 06/2021, Valley View Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Valley View Foundation Inc has awarded 48 individual grants totaling $5,430,522. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, WELLNESS, AND SOCIAL SERVICE GRANTS TO 501(C)(3) ORGANIZATIONS AND GOVERNMENTAL AGENCIES LOCATED OR OPERATING WITHIN A 45 MILE RADIUS OF ADA, OK.
Describe the Organization's Program Activity:
PROVIDING GRANTS TO THIRTEEN-501(C)(3) PUBLIC CHARITIES FOR HEALTH AND WELLNESS PROGRAMS.
EFFECTIVE 07/01/2013 THIS ENTITY ENTERED INTO A HOSPITAL LEASE AGREEMENT WITH MERCY HEALTH OKLAHOMA COMMUNITIES, INC. TO LEASE SUBSTANTIALLY ALL OF THE ASSETS OF VALLEY VIEW HOSPITAL. UNDER THE TERMS OF THE LEASE, VALLEY VIEW HEALTH AND WELLNESS FOUNDATION WILL RECEIVE MONTHLY RENT PAYMENTS OF $150,000. ALL OF THE PROGRAM SERVICE REVENUE AND EXPENSES IN THIS SECTION ARE RELATED TO THE WINDING DOWN AND CLOSING OF THE OPERATION OF VALLEY VIEW HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mark Weems Director | 1 | $0 | |
Bart Mccortney President | 1 | $0 | |
Dean Peterson Director | 1 | $0 | |
Dr Charles Mettry Director | 1 | $0 | |
Doree Thompson Director | 1 | $0 | |
Bill Lance Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $612,477 |
| Net Rental Income | $1,961,543 |
| Net Gain on Sale of Assets | $355,667 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,768 |
| Total Revenue | $2,935,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,224 |
| Depreciation | $950,737 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $236,378 |
| Total operating and administrative expenses | $1,308,006 |
| Contributions, gifts, grants paid | $1,581,822 |
| Total expenses and disbursements | $2,889,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,534,507 |
| 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 | $4,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,431,301 |
| Other assets | $249,761 |
| Total assets | $25,298,749 |
| Accounts payable and accrued expenses | $11,667 |
| 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 | $203,646 |
| Total liabilities | $215,313 |
Grants Awarded
Over the last fiscal year, Valley View Foundation Inc has awarded $1,581,822 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Ada, OK PURPOSE: FINANCIAL SUPPORT | $1,000,000 |
Ada, OK PURPOSE: FINANCIAL SUPPORT | $192,457 |
Ada, OK PURPOSE: FINANCIAL SUPPORT | $145,000 |
Ada, OK PURPOSE: FINANCIAL SUPPORT | $70,000 |
PONTOTOC COUNTY PUBLIC TRANSIT AUTHORITY PURPOSE: FINANCIAL SUPPORT | $41,865 |
OKLAHOMA DENTAL FOUNDATION PURPOSE: FINANCIAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
Pawnee Valley Community Hospital Inc Larned, KS | $21,161,892 | $18,392,214 |
Ninnescah Valley Health Systems Inc Kingman, KS | $15,148,315 | $17,489,172 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Amberwell Atchison Association Atchison, KS | $58,039,761 | $15,492,633 |
Mercy St Francis Hospital Mountain View, MO | $3,790,115 | $15,228,465 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |