The Valley Hospital Foundation
The Valley Hospital Foundation reported $25.5 million in revenue and $15.7 million in expenses for calendar year 2024. Of every $100 it spent, $78.80 went to program services, $2.96 to management and general costs and $18.24 to fundraising. Its largest source of revenue was contributions and grants: 72.4% of the total. The highest compensation it reported for one person was $6,647,856 (TRUSTEE, EX OFFICIO). Revenue rose 33% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 18.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 72.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $6,647,856 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 42.27% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 44.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 20 of 23 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe foundation has evaluated the needs of valley health system and seeks to secure funding for four different cases: construction costs for the Valley Hospital in paramus, capital and technological improvements, clinical and translational research, and endowments.valley health system is a regional healthcare system that serves residents in northern new jersey and southern new york. It comprises the Valley Hospital, valley home care, and valley medical group. Key services include cardiology, oncology, women's and children's services, emergency care, orthopedics, and neurosciences. Valley…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TRUSTEE, EX OFFICIO Director/trustee, 0.50 hrs/week | $0 | $6,593,387 | $54,469 | $6,647,856 |
| TRUSTEE, EX OFFICIO, EFF. JULY 2024 Director/trustee, 0.50 hrs/week | $0 | $1,878,651 | $31,214 | $1,909,865 |
| SR. VP, FINANCE & CFO Officer, 0.50 hrs/week | $0 | $1,252,548 | $53,234 | $1,305,782 |
| TRUSTEE Director/trustee, 0.50 hrs/week | $0 | $1,090,002 | $47,422 | $1,137,424 |
| VICE PRESIDENT & CPO Officer, 36.00 hrs/week | $0 | $678,150 | $31,939 | $710,089 |
0 people received more than $100,000 in reportable compensation from The Valley Hospital Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 20 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 672
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| FAIRCOM NEW YORK Creative campaign consulting services | $201,783 |
| GAUMARD SCIENTIFIC Commercial printing serivces | $157,778 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
33 private foundations reported grants to The Valley Hospital Foundation totaling $1.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Valley Hospital Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Valley Hospital Foundation, you can publish a response that is linked from this page.
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Of every $100 The Valley Hospital Foundation spent in 2024, $78.80 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Valley Hospital Foundation's spending goes to programs?
In calendar year 2024, The Valley Hospital Foundation reported that 78.8% of its $15.7 million in expenses went to program services, 3.0% to management and general and 18.2% to fundraising (Form 990, Part IX).
How much does The Valley Hospital Foundation pay its top executive?
The largest total compensation The Valley Hospital Foundation reported for one person in calendar year 2024 was $6,647,856, for the role of TRUSTEE, EX OFFICIO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Valley Hospital Foundation get its money?
Of $25.5 million in revenue in calendar year 2024, 72.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Valley Hospital Foundation a registered charity?
The IRS lists EIN 22-2324554 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533179349304733 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433099349303118 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303169349300880 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349313260 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349310032 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033189349303138 · read the filing
All filings for EIN 22-2324554: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.