EIN 54-1071867

Inova Health System

IRS 501(c) type
501(c)(3)
Num. employees
57
Year formed
1977
Most recent tax filings
2022-12-01
Description
The Inova Health System Foundation is the parent company of Inova Health System, and invests in stocks and other investments to provide healthcare and related services throughout northern Virginia and the greater Washington, D.C. metropolitan area.
Also known as...
Inova Health System Foundation; Fairfax Hospital Foundation
Total revenues
$-714,218,363
2022
Total expenses
$62,680,221
2022
Total assets
$7,010,668,996
2022
Num. employees
57
2022

Program areas at Inova Health System

Inova Health System Foundation (ihsf), the parent company of Inova Health System, is a non-stock, not-for-profit corporation exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Inova Health System (Inova) provides healthcare and related services throughout northern Virginia and the greater metropolitan Washington, d.c. area, including certain contiguous counties of Virginia and maryland.since its initiation by citizen-volunteers in 1956, Inova and its affiliates have grown to meet the changing needs of a diverse and growing population. As a not-for-profit organization, Inova does not have shareholders. It is governed by the people it serves: members of the community. This model of governance helps to ensure that Inova meets the diverse healthcare needs of the community.in keeping with Inova's community service mission, Inova and its affiliates provide a wide range of programs and services which directly benefit the community they serve. These include:providing the highest quality medical care to all members of the community, regardless of their financial resources.providing free and below cost Health services to meet the identified needs of targeted community groups, such as: the indigent and elderly; victims of cancer, heart disease, and stroke; persons affected by substance abuse; hiv-positive individuals; and others. Providing uncompensated care in accordance with Inova policies which ensure access to medically necessary care for all individuals. Charity care is defined as free or discounted healthcare services provided to persons who cannot afford to pay. Inova Health System is one of the largest providers of uncompensated care in Virginia. Providing Health education and a variety of other services to the community.training Health professionals and participating in medical research activities. Inova Health System is comprised of: Inova Health System Foundation (Foundation), a parent company, which also serves as a charitable Foundation, raising funds to support Inova's tax-exempt entities. The Foundation operates in accordance with Inova's articles of incorporation, which provide that all funds raised, except for those required for the operations of the Foundation, be distributed or held in support of the charitable objectives and mission of Inova and its tax-exempt subsidiaries. Funds raised are channeled to the community in the form of expanded medical and other community services. During 2022, Foundation funds were used to support Inova's centers of excellence in cancer, cardiovascular and neurological care, as well as the life with cancer support and educational program and the Inova ewing forensic assessment consultation team (fact) department. In addition, donated funds were used in 2022 to support many other Inova programs including the Inova juniper program, Inova cares clinics for women, children, and families, the Inova healthy plate club, Inova lions eye clinic, and the Inova kellar center's behavioral services program. Effective december 31, 2019, loudoun healthcare Foundation and alexandria healthcare Foundation merged into the Inova Health System foundation.inova Health care services (ihcs) is a tax-exempt, non-stock corporation that serves the Health care needs of the community by establishing, maintaining and operating hospital and Health care facilities, programs, and other shared and integrated Health care delivery arrangements. Ihcs operates the following facilities, among others: Inova fairfax hospital ("fairfax"), Inova mount vernon hospital ("mount vernon"), Inova loudoun hospital (loudoun), Inova fair oaks hospital ("fair oaks"), and Inova alexandria hospital ("alexandria"). Ihcs also provides and manages the clinical, non-hospital facilities and programs whose services include senior services, assisted living facilities, addiction treatment services for adults and adolescents, outpatient rehabilitation services, urgent care and other outpatient Health care services. Ihcs also maintains a group of primary care and specialty physicians primarily operated by its respective service line divisions and jointly managed by ichs' physician services division. Inova has a joint venture with alternate solutions Health network which restructured the management of the Inova vna services. Inova maintains 51% ownership of the company, and the joint venture is now known as Inova home Health (ihh). Inova home Health completed 104,627 home Health visits in 2022.inova holdings, inc. (ihi) is the parent holding company for various taxable entities within Inova including technical dynamics inc., a biomedical equipment maintenance and engineering company. Ihi and its subsidiaries operate facilities providing a variety of Health care and support services to patients and to affiliated Health care providers.program servicesphilanthropy is critical to Inova's mission. There are over 500 philanthropic funds in Inova's Foundation. This broad range of philanthropy helps Inova stay on the forefront of medical advances, develop new programs to meet changing needs, and provide affordable healthcare to all who need it. Programs supported include partnership for healthier communities (phc), serving 22,473 children and families in 2022; the Inova juniper program serving 1,580 persons living with hiv; and the life with cancer program with 30,523 participants. Foundation funds also support many other Inova programs including Inova cares clinics for women, children and families and the Inova kellar center's behavioral services program.total support provided in 2022 to the community and Inova programs was approximately $33 million.
The Foundation maintains auxiliary services at the hospitals for the purpose of operating gift and thrift shops that provide support to the hospitals within the System. The auxiliaries receive commissions from various fundraising activities. The cost associated with the auxiliaries was $1.4 million in 2022.
Investment management expense of $10.1 million is related to investments that Inova Health System Foundation utilizes to provide healthcare and related services throughout northern Virginia and the greater Washington, d.c. metropolitan area. The fees are calculated based on the market value of the investments times basis points established in each contract. The rates on these contracts apply until a new rate is negotiated.

Grants made by Inova Health System

GranteeGrant descriptionAmount
Inova Health Care Service (IHCS)Multiple Grants Made To Further the Mission of Inova Health Care Services of Providing Quality Healthcare To the Community.$33,210,488

Who funds Inova Health System

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustHealth$3,022,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,219,488
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,219,488
...and 72 more grants received totalling $12,208,786

Personnel at Inova Health System

NameTitleCompensation
J Stephen JonesChief Executive Officer , President , Beginning 4 and 9 and 18$0
Alice PopeChief Financial Officer$0
Melissa McCrackenAssistant Vice President Donor Relations and Comm / Philanthropy Director$250,027
Steven NorrisAssistant Vice President Philantrhopy$476,970
Amy RichardsExecutive Director Philanthropy / Director , Philanthropy$243,486
...and 16 more key personnel

Financials for Inova Health System

RevenuesFYE 12/2022
Total grants, contributions, etc.$31,251,049
Program services$-1,024,318
Investment income and dividends$71,061,414
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-837,504,434
Net income from fundraising events$-158,490
Net income from gaming activities$0
Net income from sales of inventory$12,510,655
Miscellaneous revenues$9,645,761
Total revenues$-714,218,363

Form 990s for Inova Health System

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-01990View PDF
2021-122022-11-01990View PDF
2020-122021-11-02990View PDF
2019-122021-02-22990View PDF
2018-122020-02-13990View PDF
...and 9 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 31 new grant, including a grant for $772,000 from Randolph D Rouse Foundation
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 9, 2024
Updated personnel
Identified 2 new personnel
October 25, 2023
Received grants
Identified 7 new grant, including a grant for $234,057 from Hitt Contracting Foundation
July 23, 2023
Received grants
Identified 59 new grant, including a grant for $5,100,000 from The Chicago Community Trust
Nonprofit Types
HospitalsHealth organizationsHeadquarter / parent organizations
Issues
Health
Characteristics
Fundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donations
General information
Address
8095 Innovation Park Dr Finance
Fairfax, VA 22031
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
foundation.inova.org/ 
Phone
(571) 472-8123
Facebook page
InovaHealth 
Twitter profile
@inovahealth 
IRS details
EIN
54-1071867
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E21: Community Health Systems
NAICS code, primary
622: Hospitals
Parent/child status
Central organization
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