Vail Health Services Foundation
- Assets
- $33.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Vail, CO
- Founding
- 09/1988
- Data as of
- 10/2020
- EIN
- 74-2505662
Organization Overview
Vail Health Services Foundation, operating under the name Vail Health Foundation, is located in Vail, CO. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Vail 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 10/2020, Vail Health Foundation generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.7m during the year ending 10/2020. While expenses have increased by 4.6% per year over the past 6 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 2017, Vail Health Foundation has awarded 12 individual grants totaling $18,454,534. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF FUNDRAISING ACTIVITIES TO BUILD AND SUSTAIN EXCELLENCE IN HEALTHCARE AND RELATED ACTIVITIES AT VAIL HEALTH HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION, THROUGH ITS FUNDRAISING CAMPAIGNS, HAS RAISED FUNDS TO SUPPORT PROGRAMS AND CAPITAL NEEDS OF ITS RELATED CORPORATION, VAIL HEALTH HOSPITAL, A 501(C)(3) ORGANIZATION. THIS HOSPITAL PROVIDES COMMUNITY BENEFIT TO THE VAIL VALLEY AND SURROUNDING AREAS. FOR THE OPERATING YEAR ENDED OCTOBER 31, 2020 THE FOUNDATION CONTRIBUTED $493K TOWARDS HOSPITAL CAPITAL EQUIPMENT AND $1.4 MILLION TOWARD HOSPITAL HEALTH CARE PROGRAMS.
THE FOUNDATION WORKS WITH PARTNER ORGANIZATIONS THAT SHARE A SIMILAR MISSION OF SUPPORTING OVERALL HEALTH CARE IN EAGLE COUNTY AND THE SURROUNDING REGION. THIS INCLUDES THE FOUNDATION ACTING IN THE CAPACITY OF A FISCAL AGENT TO FACILITATE FUNDRAISING EFFORTS FOR CERTAIN ORGANIZATIONS THAT LACK INTERNAL STAFFING AND SYSTEMS TO RECEIVE AND PROCESS DONATIONS AND EVENT PROCEEDS. THESE PARTNER ORGANIZATIONS INCLUDE STEADMAN PHILIPPON RESEARCH INSTITUTE WHERE THE FOUNDATION MANAGES AN ENDOWMENT OWNED AND DIRECTED TO SPRI, AND THE SHAW OUTREACH TEAM WHERE THE FOUNDATION ASSISTS IN FACILITATING A FUND RAISING EVENT. FUNDS RECEIVED ON BEHALF OF THESE PARTNER ORGANIZATIONS ARE PASSED TO THE PARTNER ORGANIZATION AND ARE NOT RECOGNIZED AS FOUNDATION REVENUE ON THE FOUNDATION'S AUDITED FINANCIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Cook Director, CEO Vh | OfficerTrustee | 1 | $0 |
Harold Dupper Director, CFO (thru 5/20) | OfficerTrustee | 1 | $0 |
Daniel Pennington Director, President Vhf | OfficerTrustee | 40 | $0 |
Mary Randall Director, Chair | OfficerTrustee | 1 | $0 |
Jay Precourt Director | Trustee | 1 | $0 |
Peter Millett MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,517,347 |
| Investment income | $507,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,429 |
| Net Income from Fundraising Events | -$29,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,061,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,478 |
| Fees for services: Other | $94,795 |
| Advertising and promotion | $262,547 |
| Office expenses | $49,647 |
| Information technology | $60,765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,712,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,754,760 |
| Pledges and grants receivable | $6,357,916 |
| Accounts receivable, net | $0 |
| 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 | $21,230 |
| Investments—publicly traded securities | $25,573,091 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,706,997 |
| Accounts payable and accrued expenses | $2,212,119 |
| 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 | $1,876,960 |
| Total liabilities | $4,089,079 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $29,617,918 |
Grants Awarded
Over the last fiscal year, Vail Health Services Foundation has awarded $4,027,435 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Vail, CO PURPOSE: CAPITAL PROJECTS AND HEALTH CARE PROGRAMS | $1,900,155 |
Vail, CO PURPOSE: FISCAL AGENCY - PASS-THRU GRANT | $1,233,260 |
Vail, CO PURPOSE: GENERAL OPERATING SUPPORT | $894,020 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Vail Health Services Foundation has recieved totaling $1,530,461.
| Awarding Organization | Amount |
|---|---|
Hartland & Mackie Family Foundation Wilmington, DE PURPOSE: TO SUPPORT THE MASTER FACILITY PLAN AND CAPITAL NEEDS OF VAIL HEALTH HOSPITAL | $428,571 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $413,650 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $243,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $106,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $54,055 |
Endowment Analysis
| Beg. Balance | $7,586,468 |
| Earnings | $75,931 |
| Net Contributions | -$251,344 |
| Ending Balance | $7,411,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyoming Medical Center Foundation Casper, WY | $297,053,839 | $17,341,207 |
Healthcare Transitional Funding Corp Glendale, AZ | $463,333 | $25,480 |
Clarkson Regional Health Services Inc Omaha, NE | $904,409,181 | $106,113,529 |
Intermountain Community Care Foundation Inc Salt Lake City, UT | $555,039,402 | $294,432,556 |
Saint Joseph Hospital Foundation Denver, CO | $14,523,673 | $3,923,974 |
Health First Foundation-Northern Arizona Flagstaff, AZ | $53,020,022 | $5,292,258 |
Vail Health Services Foundation Vail, CO | $33,706,997 | $6,061,877 |
Utah Partners For Health Midvale, UT | $4,728,411 | $5,657,767 |
Wyandotte Health Foundation Kansas City, KS | $36,426,875 | $1,147,050 |
Chi Health Foundation Omaha, NE | $24,861,052 | $2,450,362 |
New Mexico Hospital Association Albuquerque, NM | $20,342,182 | $3,002,347 |
Yampa Valley Medical Center Foundation Steamboat Springs, CO | $29,428,154 | $1,839,992 |