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Valley Hospital Foundation

Public charity
Other · PARAMUS, NJ · EIN 22-2324554

About

The valley hospital foundation is the philanthropic component of valley health system. It's primary function is to secure charitable contributions from individuals, corporations, foundations, and other funding entities, to manage those gifts, and to distribute them in accordance with its charter. Charitable funds raised for the hospital support construction, capital improvements, medical technology, biomedical research, education, endowments, and special projects. Funds raised for valley home care support the programs of the agency, such as hospice, journeys, maternal child health, and endowments. Funds raised for valley medical group support programs, capital improvements, medical technology, education and special projects.

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
73

Financial Snapshot

FY ending 2022-12-31
Revenue
$12.1M
Expenses
$16.6M
Assets
$53.4M
Liabilities
$2.0M

Financial history

$60.9M$30.5M$0
16171819202122
RevenueExpenses
Latest FY2022: $12.1M · Peak FY2018: $33.7M · Avg: $18.1M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$13.2M
VALLEY HOSPITAL FOUNDATION
Your actions

Address

4 Valley Health PLZ
Paramus, NJ, 07652-361

Governance

Voting board members23
Independent members21
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %18.8%
Permanent endowment %51.8%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$272K
Net to org$141K
Retained by contractors$131K
ChannelsMail · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
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