Civic Intelligence

Venango V N a Foundation

990 • Fiscal year 2016 • EIN 25-1472179

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 28, 2017

491 Allegheny BlvdFranklin, PA 16323

(814) 437-0348

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

91st percentile

44%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

16th percentile

$74,812

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$10,617,711

Down $291,824 (-2.7%) from 2015

Net Assets

Down

$10,616,531

Down $291,544 (-2.7%) from 2015

Liabilities

Down

$1,180

Down $280 (-19%) from 2015

Revenue

Down

$404,225

Down $116,723 (-22%) from 2015

Expenses

Down

$226,493

Down $27,412 (-11%) from 2015

Net Income

Down

$177,732

Down $89,311 (-33%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2012: $9,016,810Liabilities 2012: $0Net Assets 2012: $9,016,8102012Assets 2013: $9,707,323Liabilities 2013: $0Net Assets 2013: $9,707,3232013Assets 2014: $10,904,335Liabilities 2014: $0Net Assets 2014: $10,904,3352014Assets 2015: $10,909,535Liabilities 2015: $1,460Net Assets 2015: $10,908,0752015Assets 2016: $10,617,711Liabilities 2016: $1,180Net Assets 2016: $10,616,5312016Assets 2017: $11,569,512Liabilities 2017: $1,611Net Assets 2017: $11,567,9012017Assets 2018: $12,257,564Liabilities 2018: $1,671Net Assets 2018: $12,255,8932018Assets 2019: $12,621,364Liabilities 2019: $85,076Net Assets 2019: $12,536,2882019Assets 2020: $11,855,126Liabilities 2020: $47,954Net Assets 2020: $11,807,1722020Assets 2021: $15,049,078Liabilities 2021: $44,719Net Assets 2021: $15,004,3592021Assets 2022: $14,102,390Liabilities 2022: $103,915Net Assets 2022: $13,998,4752022Assets 2023: $14,156,593Liabilities 2023: $65,800Net Assets 2023: $14,090,7932023Assets 2024: $14,973,957Liabilities 2024: $100,041Net Assets 2024: $14,873,9162024

Highlighted filing

2016

Assets$10,617,711
Liabilities$1,180
Net Assets$10,616,531

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $163,7542012Expenses 2013: $171,3782013Revenue 2014: $945,158Expenses 2014: $173,301Net Income 2014: $771,8572014Revenue 2015: $520,948Expenses 2015: $253,905Net Income 2015: $267,0432015Revenue 2016: $404,225Expenses 2016: $226,493Net Income 2016: $177,7322016Revenue 2017: $255,762Expenses 2017: $237,790Net Income 2017: $17,9722017Revenue 2018: $524,729Expenses 2018: $248,997Net Income 2018: $275,7322018Revenue 2019: $1,330,256Expenses 2019: $280,932Net Income 2019: $1,049,3242019Revenue 2020: $385,097Expenses 2020: $557,278Net Income 2020: -$172,1812020Revenue 2021: $1,160,969Expenses 2021: $450,283Net Income 2021: $710,6862021Revenue 2022: $1,248,272Expenses 2022: $603,973Net Income 2022: $644,2992022Revenue 2023: $544,696Expenses 2023: $690,221Net Income 2023: -$145,5252023Revenue 2024: $1,551,827Expenses 2024: $743,583Net Income 2024: $808,2442024

Highlighted filing

2016

Revenue$404,225
Expenses$226,493
Net Income$177,732
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 28, 2017
Return Version
2015v3.0
Gross Receipts
$1,334,968
Mission and Program Overview

Mission

To raise and invest capital to generate long-term funding in support of the upmc home healthcare d/b/a visiting nurses association of venango county.

To raise and invest capital to generate long-term funding in support of the visiting nurses association of venango county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,841,104$10,545,648▼ $295,456
Cash and Non-Interest-Bearing Accounts$68,431$72,063▲ $3,632
Total Assets$10,909,535$10,617,711▼ $291,824
Liabilities
Accounts Payable and Accrued Expenses$1,460$1,180▼ $280
Total Liabilities$1,460$1,180▼ $280
Net Assets / Fund Balance
Unrestricted Net Assets$8,351,032$8,094,393▼ $256,639
Temporarily Rstr Net Assets$1,292,523$1,287,486▼ $5,037
Permanently Rstr Net Assets$1,264,520$1,234,652▼ $29,868
Total Net Assets Fund Balance$10,908,075$10,616,531▼ $291,544
Total Liabilities and Net Assets / Fund Balance$10,909,535$10,617,711▼ $291,824
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kathy CochranDirector$74,812$74,812

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,273
Program Service Revenue
$0
Investment Income
$377,952
Other Revenue
$0
All Other Contributions
$26,273
Change in Net Assets
$177,732

Audited Revenue Reconciliation

Revenue per Audited Statements
$404,225
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-469,276
Total Revenue per Audited Statements
$-65,051
Total Revenue per Form 990
$404,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$146,807
Total Fundraising Expense$58,867
Salaries, Compensation, and Employee Benefits$46,773
Other Expenses$32,913
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$146,807--$146,807
Other Salaries and Wages--$45,309$45,309
Fees for Services Accounting-$17,634-$17,634
Advertising-$251$11,633$11,884
Fees for Services Other-$1,729-$1,729
Insurance-$1,205$461$1,666
Other Employee Benefits--$1,464$1,464
Total Functional Expenses$146,807$20,819$58,867$226,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$226,493
Total Expenses per Audited Statements$226,493
Total Expenses per Form 990$226,493
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Upmc Visiting Nurses AssociationFranklin, PA-Indigent Nursing Care$146,807
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

A copy of the 990 is provided to management to be reviewed by the governing board at a board meeting before it is filed.

Form 990, Part VI, Section C, line 19

Venango vna foundation has a copy of the financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Venango Vna Foundation
EIN
25-1472179
Phone
8144370348
Address
491 Allegheny Blvd, Franklin, PA 16323

Signing Officer

Name
Kathy Cochran
Title
Senior Manager
Phone
8144370348
Signed
2017-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Cochran
Formed
1984
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
10
Employees
2
Volunteers
0

Preparer

Firm
Mcgill Power Bell & Associates Llp
Address
1446 Liberty Street, Franklin, PA 16323
Preparer
Angela M Shields
Phone
8144379568
Supplemental Narrative

Additional Explanations

FORM 990; PART XII; LINE 2C

No changes in process from prior year

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt0151539
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt0172299
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt0172299
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0287822
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0287822
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt0146454
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IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt0246453
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0287822
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt024
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt024
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
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IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0246453
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0287822
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt085.630000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0146807
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt058867
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0246453
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt019960
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BECAUSE THE SUPPORTING ORGANIZATION'S MISSION IS TO RAISE AND INVEST CAPITAL TO SUPPORT THE SUPPORTED ORGANIZATION, THE OFFICERS OF THE SUPPORTING ORGANIZATION THAT WERE APPOINTED BY THE SUPPORTED ORGANIZATION ARE ABLE TO EXPRESS THE NEEDS OF THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION ONLY MADE SUPPORTING DISTRIBUTIONS TO THE ONE ORGANIZATION THAT IT SUPPORTS: UPMC VISITING NURSES, ASSOCIATION, EIN # 25-1222033. THE UPMC VISITING NURSES ASSOCIATION RECEIVES A SIGNIFICANT AMOUNT OF SUPPORT FROM THE ORGANIZATION. THE SUPPORT RECEIVED IS A SUFFICIENT PART OF THE UPMC VISITING NURSES TOTAL SUPPORT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The VNA Foundation is applying for the Reasonable Cause Exception for not meeting the required distribution as of June 30, 2016. The distribution requirements were not met due to unforeseen circumstances that occurred relating to the Foundation's Hospice House project, which was initiated in July of 2015 and formally approved by the Foundation's board of directors in October 2015. The Foundation has agreed to pay for all costs associated with the Hospice House, which will be operated by the UPMC Visiting Nurses Association (VNA) - the Foundation's "supported organization". Also in October of 2015, the Foundation had prepared cost projections relating to this project that would have allowed them to meet and/or exceed the required distribution as of June 30, 2016. The Hospice house project supports the mission of the VNA by offering a safe and homelike environment to the patient population at the end of life. This aligns with the VNA mission of providing the patient with living as fully and comfortably as possible. The following is a timeline of the unforeseen circumstances that lead to the shortfall in the required distribution for June 30, 2016. In January of 2016 the Foundation had found a building to serve as a possible location for the Hospice House. However, in April of 2016 the Foundation determined that the bids received to renovate the building would be too costly and therefore the Foundation would purchase land to construct a new building for the Hospice House. Possible land locations were presented to the board at this time and the board approved to move forward with the project. The Foundation had several potential locations to purchase, but due to zoning issues, title issues, etc. the Foundation was not successful in purchasing the land for the Hospice House by June 30, 2016. The purchase of the land would have allowed the Foundation to meet their required distribution, but due to unforeseen circumstances surrounding the project land was not obtained. The Foundation believes that these circumstances were out of their control and they did everything possible to move forward with the project. The VNA Foundation has met the 2015 required distribution within 180 days after year end and does not expect to have a short fall on the 2016 Information Return or in future years. The Foundation has always met the required distributions in the past, therefore Management and the Board of Directors feel that they had no control over the outcome of these unforeseen circumstances and had to make sound financial decisions for the benefit of the Foundation and their supported organization, the UPMC VNA. The UPMC VNA is fully aware of the circumstances surrounding the shortfall. The Reasonable Cause Exception described above is covered under the penalty of perjury statement on page 1 of this Form 990 and is signed by the Senior Manager of the VNA Foundation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART V, SECTION D, LINE 8
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V, SECTION E, LINE 6
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt08224033
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt08348723
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt070247
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt044548
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt08153786
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt08304175
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0127004
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0125231
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt08097029
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt08223492
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0283396
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0287822
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt08224033
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt08348723
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0283396
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0287822
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0251222033
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0146807
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UPMC VISITING NURSES ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0146807
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0226493
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-469276
IRS990ScheduleD/RevenueNotReportedAmt0-469276
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0404225
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0226493
IRS990ScheduleD/TotalRevenuePerForm990Amt0404225
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-65051
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0226493
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0146807
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0INDIGENT NURSING CARE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UPMC VISITING NURSES ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0251222033
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0491 ALLEGHENY BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd016323
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO MANAGEMENT TO BE REVIEWED BY THE GOVERNING BOARD AT A BOARD MEETING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VENANGO VNA FOUNDATION HAS A COPY OF THE FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.

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