The Valley Hospital Foundation Inc
The Valley Hospital Foundation Inc
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About this organization
Mission
The Valley Hospital Foundation is the philanthropic component of Valley Health System. It is a nonprofit, tax-exempt, multi-purpose foundation. The foundation's primary function is to secure charitable contributions from individuals, corporations, foundations, and others, to manage those gifts, and to distribute them in accordance with its charter. Funds are raised primarily for use by the Valley Hospital and Valley Home Care, Inc. Valley Health System is the sole member of the corporation.
About
The foundation has evaluated the needs of the Valley Health System and seeks to secure significant funding for four different cases: capital & technological improvements, clinical and translational research, construction costs for the new Valley Hospital in Paramus and endowments. During the past five years, the foundation has received more than $65 million in commitments.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “See schedule o”.
When referring to its tasks, they were described as: “The valley hospital foundation was created to solicit and receive philanthropic gifts, grants, bequests of real or personal property, or both, from individuals, foundations, partnerships, associations, governmental bodies or public or private corporations. this generous philanthropy is used for the purpose of supporting the valley hospital, valley home care and valley medical group.”.
- The non-profit is operating legally in the state of NJ.
- The non-profit's address for the year 2020 is listed as 223 NORTH VAN DIEN AVE, RIDGEWOOD, NJ, 07450 in the filing.
- The form submitted by the non-profit organization for 2020 reports 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $25,994,468.
- The organization has 18 independent voting members.
- The organization was formed in 1980.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $2,440,016 in fundraising expenses.