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← VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$8,145,300
Total expenses
$7,651,851
Contributions and grants received
$7,055,583
Grants paid
$4,896,465
Program service revenue
$969,759
Investment income
$119,958
Other revenue
$0
Total assets, end of year
$7,693,566
Total liabilities, end of year
$3,079,817
Net assets or fund balances, end of year
$4,613,749
Program services expenses (Part IX)
$7,489,924
Management and general expenses
$161,927
Fundraising expenses
$0
Program service expenses (Part III)
$7,489,924

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,320,755

  • 1f · All other contributions, gifts and grants

    $1,734,828

  • 2a · Program service revenue: CONFERENCE & SEMINAR R

    total $543,137 · related or exempt $543,137

  • 2b · Program service revenue: VIRGINIA PSO

    total $426,622 · related or exempt $426,622

  • 3 · Investment income

    total $119,642 · excluded $119,642

  • 7a · Gross sales of assets other than inventory

    securities $728,328

  • 7b · Less cost or other basis and sales expenses

    securities $728,012

  • 7c · Gain or loss

    securities $316

  • 7d · Net gain or loss

    total $316 · excluded $316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,896,465 · program services $4,896,465

  • 11a · Fees: management

    total $150,000 · program services $139,875 · management and general $10,125

  • 11b · Fees: legal

    total $10,450 · program services $10,450

  • 11c · Fees: accounting

    total $32,620 · program services $4,181 · management and general $28,439

  • 11f · Fees: investment management

    total $12,937 · management and general $12,937

  • 11g · Fees: other

    total $788,071 · program services $788,071

  • 12 · Advertising and promotion

    total $2,500 · program services $2,500

  • 13 · Office expenses

    total $62,267 · program services $55,685 · management and general $6,582

  • 14 · Information technology

    total $97,281 · program services $97,281

  • 16 · Occupancy

    total $39,213 · program services $29,410 · management and general $9,803

  • 17 · Travel

    total $16,741 · program services $16,741

  • 19 · Conferences, conventions and meetings

    total $274,053 · program services $274,053

  • 22 · Depreciation, depletion and amortization

    total $12,490 · program services $12,490

  • 23 · Insurance

    total $18,101 · program services $18,101

  • 24a · Other expenses: SHARED SERVICES

    total $1,238,662 · program services $1,144,621 · management and general $94,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,534,297 · end of year $3,308,650

  • 2 · Savings and temporary cash investments

    beginning of year $317,502 · end of year $98,860

  • 4 · Accounts receivable

    beginning of year $49,988 · end of year $34,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,792 · end of year $13,333

  • 10a · Land, buildings and equipment: cost or other basis

    $108,873

  • 10b · Land, buildings and equipment: accumulated depreciation

    $54,978

  • 10c · Land, buildings and equipment, net

    beginning of year $41,129 · end of year $53,895

  • 11 · Investments: publicly traded securities

    beginning of year $3,737,777 · end of year $4,135,298

  • 15 · Other assets

    beginning of year $49,218 · end of year $49,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $772,551 · end of year $599,756

  • 19 · Deferred revenue

    beginning of year $4,150,265 · end of year $2,430,843

  • 21 · Escrow or custodial account liability

    beginning of year $49,218 · end of year $49,218

  • 27 · Net assets without donor restrictions

    beginning of year $3,793,669 · end of year $4,613,749

Mission and programs · 2022

Mission

VIRGINIA HOSPITAL RESEARCH & EDUCATION FOUNDATION (DBA VHHA FOUNDATION) STRIVES TO IMPROVE THE HEALTH OF VIRGINIANS THROUGH COLLABORATION, RESEARCH AND EDUCATION FOR VIRGINIA'S HOSPITALS AND HEALTH SYSTEMS. VHREF PROVIDES CONTINUING PROFESSIONAL EDUCATION PROGRAMMING TO VIRGINIA HEALTH CARE LEADERS AND PROFESSIONALS THROUGH CONFERENCES, SEMINARS AND WEBINARS. VHREF ALSO SUPPORTS RESEARCH AND PATIENT SAFETY AND QUALITY PROGRAMS IN VIRGINIA'S HOSPITALS THROUGH THE IDENTIFICATION OF GRANTS AND OTHER FUNDING OPPORTUNITIES.

Activities or mission (Part I)

RESEARCH AND EDUCATION IN THE HEALTH CARE INDUSTRY.

  • VHHA FOUNDATION ADMINISTERED A NUMBER OF EXTERNALLY FUNDED GRANTS AND AWARDS THAT SUPPORTED OUR MISSION, MANY OF WHICH WERE AWARDED BY STATE AGENCIES IN VIRGINIA. WITH GENEROUS SUPPORT FROM OUR PARTNERS, THESE FUNDS HELPED US FACILITATE COLLABORATIVES AIMED AT IMPROVEMENTS IN THE HEALTH CARE SYSTEM AND IN THE OVERALL HEALTH OF VIRGINIA'S COMMUNITIES.

    Expenses $4,896,465 · Grants $4,896,465

  • VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION'S PATIENT SAFETY ORGANIZATION (PSO) CONTINUED TO ASSIST VIRGINIA HOSPITALS IN PROVIDING THE SAFEST AND HIGHEST QUALITY OF CARE TO THEIR PATIENTS. THE PSO ALLOWS FOR TRENDING AND IDENTIFICATION OF IMPROVEMENT OPPORTUNITIES AND AVOIDANCE OF HARM ACROSS MULTIPLE ORGANIZATIONS USING BOTH STATE AND NATIONAL COMPARATIVE DATA.

    Expenses $441,354 · Revenue $426,622

  • IN FY23, VHHA FOUNDATION PROVIDED AN IN-PERSON ANNUAL CONFERENCE FOR HEALTH CARE LEADERS FOCUSED ON THE EVOLVING NATURE OF THE HEALTH CARE INDUSTRY AND THE CHALLENGES AND OPPORTUNITIES PRESENTED IN A POST-PANDEMIC WORLD. TWO VIRTUAL CONFERENCES WERE ALSO OFFERED, ONE FOCUSED ON IMPROVING PATIENT SAFETY AND HEALTHCARE QUALITY AND THE OTHER ON ADDRESSING WORKFORCE CHALLENGES. CORPORATE SPONSORSHIPS PROVIDED FINANCIAL SUPPORT FOR THESE EVENTS. A QUALITY SAFETY CERTIFICATE WAS ALSO OFFERED AND WAS SUPPORTED BY REGISTRATION FEES.

    Expenses $2,152,105 · Revenue $543,137

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Mulkey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • B Eric Deaton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mark Nantz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Arner

    PAST CHAIR UNTIL 4/23

    Total calculated
    $0
    Hours/week
    1

  • Michael Elliott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanne Inman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Lunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael McDermott

    DIRECTOR UNTIL 4/23

    Total calculated
    $0
    Hours/week
    1

  • Tim McManus

    DIRECTOR UNTIL 4/23

    Total calculated
    $0
    Hours/week
    1

  • Steve Motew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Connaughton

    PRESIDENT

    Total calculated
    $1,002,787
    From this org
    $0
    From related orgs
    $956,532
    Other
    $46,255
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $791,991 related
    Bonus
    $0 + $164,541 related
    Other
    $0
    Deferred
    $0 + $40,500 related
    Nontaxable benefits
    $0 + $5,755 related
    Filer's total
    $0 + $1,002,787 related

  • Elizabeth McNamee

    CHIEF FINANCIAL AND HR OFF

    Total calculated
    $250,227
    From this org
    $0
    From related orgs
    $210,410
    Other
    $39,817
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,410 related
    Bonus
    $0 + $17,000 related
    Other
    $0
    Deferred
    $0 + $20,629 related
    Nontaxable benefits
    $0 + $19,188 related
    Filer's total
    $0 + $250,227 related

  • Kelly Cannon

    CEO

    Total calculated
    $167,463
    From this org
    $0
    From related orgs
    $140,809
    Other
    $26,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $126,809 related
    Bonus
    $0 + $14,000 related
    Other
    $0
    Deferred
    $0 + $13,677 related
    Nontaxable benefits
    $0 + $12,977 related
    Filer's total
    $0 + $167,463 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION CONTRACTS WITH A RELIABLE AND REPUTABLE CONSULTANT WHO REVIEWS APPROPRIATE COMPARATIVE DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.
PART I, LINE 4B
EXPLANATION OF SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DURING THIS YEAR, THE ASSOCIATION HAD TWO DEFERRED COMPENSATION PLANS FOR KEY EMPLOYEES. UNDER THE PLANS, THE ASSOCIATION CONTRIBUTES AN AMOUNT EQUAL TO 10% OF EMPLOYEES' BASE SALARY INTO THE PLAN ANNUALLY COMMENCING IN THE YEAR OF ENTRY BY THE EMPLOYEE. THE FUNDS UNDER THIS PLAN ARE HELD IN MUTUAL FUNDS AND MANAGEMENT VESTS IN THE PLAN OVER A 10-YEAR PERIOD. THE FUNDS WILL BE RELEASED UPON VESTING BY THE EXECUTIVE OR TERMINATION OF THE PLAN. DURING THIS YEAR, THE FOLLOWING INDIVIDUALS REPORTED IN PART VII PARTICIPATED IN THE PLAN: SEAN T. CONNAUGHTON AND KELLY CANNON. CONTRIBUTIONS WERE MADE TO THE PLAN IN THE FOLLOWING AMOUNTS: KELLY CANNON $14,700. DISTRIBUTIONS WERE MADE FROM THE PLAN IN THE FOLLOWING AMOUNTS: SEAN T. CONNAUGHTON $60,086.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • VCU HEALTH INJURY & VIOLENCE

    $380,240

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • SENTARA NORFOLK GENERAL HOSPITAL

    $311,440

    COMM HEALTH & HOSPITAL VIOLENCE INTERV PGM

  • RIVERSIDE REGIONAL MEDICAL

    $276,930

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • SENTARA VIRGINIA BEACH GENERAL HOSP

    $239,420

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • CHILDREN'S HOSPITAL OF THE KINGS

    $193,944

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • BON SECOURS HEALTH CARE FOUNDATION

    $167,646

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • CHESAPEAKE REGIONAL MEDICAL

    $165,606

    HOSPITAL VIOLENCE INTERVENTION PROGRAM

  • BALLAD HEALTH

    $118,987

    COMMUNITY HEALTH

  • SENTARA MEDICAL GROUP

    $109,454

    COMMUNITY HEALTH

  • VCU HEALTH SYSTEMS

    $86,550

    COMMUNITY HEALTH

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • VIRGINIA HOSPITAL AND HEALTH CARE ASSOCIATION

    501(C)(6) · PROMOTE DEVELOPMENT & IMPROVEMENT OF THE HEALTH CARE INDUSTRY IN VIRGINIA · VA

  • VIRGINIA BUSINESS COALITION ON HEALTH

    501(C)(3) · EDUCATION IN THE HEALTHCARE INDUSTRY · VA

    Directly controlled by VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION

  • VIRGINIA HOSPITAL ASSOCIATION POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · VA

    Directly controlled by VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VIRGINIA HOSPITAL SHARED SERVICES CORPORATION

    C · HOSPITAL GROUP PURCHASING PROGRAM · VA

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202402279349302565

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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