Nonprofit · EIN 54-1071867
INOVA HEALTH SYSTEM FOUNDATION
Also known as FAIRFAX HOSPITAL FOUNDATION
Tax-exempt · FAIRFAX, VA 22031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $885,906,035 | $55,112,749 | $830,793,286 | $9,169,739,339 | $3,002,714,319 | $6,167,025,020 |
| December 31, 2023 | 990 | $903,496,197 | $62,751,510 | $840,744,687 | $7,860,546,699 | $2,681,359,636 | $5,179,187,063 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,324,894
- Program service revenue
- -$1,777,973
- Investment income
- $826,991,109
- Net gain from sales of assets
- $699,022,426
- Net income from fundraising events
- -$745,517
- Net income from sales of inventory
- $17,113,522
- Other revenue
- $16,368,005
Expenses
- Grants and similar amounts paid
- $26,107,043
- Compensation of officers, directors and key employees
- $671,603
- Other salaries and wages
- $8,456,109
- Salaries, compensation and benefits (total)
- $11,038,664
- Professional fundraising fees
- $0
- Legal fees
- $142
- Occupancy
- $661,792
- Travel
- $89,299
- Depreciation
- $370,560
- Program services (functional)
- $42,388,611
- Management and general (functional)
- $1,786,437
- Fundraising (functional)
- $10,937,701
Balance sheet and other
- Total assets, start of year
- $7,860,546,699
- Total assets, end of year
- $9,169,739,339
- Total liabilities, end of year
- $3,002,714,319
- Net assets, end of year
- $6,167,025,020
- Land, buildings and equipment
- $4,672,096
- Publicly traded securities
- $3,350,052,012
- Net assets without donor restrictions
- $5,840,936,778
- Net assets with donor restrictions
- $326,088,242
- Gross unrelated business income
- -$2,213,245
- Gross receipts
- $893,472,832
- Employees
- 59
- Volunteers
- 129
- Year formed
- 1977
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J STEPHEN JONES | CEO, PRESIDENT Trustee or director, Officer | 13 | $0 | $6,505,968 | $73,485 |
| TERRI FEELY | FORMER CHIEF PEOPLE OFFICER IHS Former | 10 | $0 | $1,682,483 | $142,904 |
| JOHN GAUL | ASST SEC/CHIEF LEGAL OFFICER Officer | 12 | $0 | $1,679,638 | $108,811 |
| ALICE POPE | ASST TREASURER/CFO ENDING 1/1/24 Officer | 13 | $0 | $1,125,575 | $73,326 |
| SAGE BOLTE | FORMER PPRESIDENT IHS FOUNDATION Former | 40 | $0 | $831,073 | $152,264 |
| RICARDO TALENTO | ASST TREASURER/CFO BEG 1/1/24 Officer | 13 | $0 | $702,376 | $174,348 |
| STEVEN NORRIS | PRESIDENT SVP IHS FOUNDATION Key employee | 40 | $671,603 | $0 | $74,918 |
| MADELINE ERARIO MD | TRUSTEE Trustee or director | 40 | $0 | $476,627 | $123,214 |
| CHRISTOPHER SMITH | FORMER VP FINANCE IAH Former | 40 | $0 | $458,253 | $104,808 |
| LAURA MOSES | AVP FOUNDATION OPS AND FINANCE Highest-paid employee | 40 | $308,348 | $0 | $66,163 |
| AMY RICHARDS | AVP PHILANTHROPY PROGRAM LEADER Highest-paid employee | 40 | $265,199 | $0 | $80,266 |
| SUZANNE QUINN | AVP PHILANTHROPY PROGRAM L Highest-paid employee | 40 | $273,605 | $0 | $62,926 |
| JANET FILIP | EXEC DIR PHILANTHROPY Highest-paid employee | 40 | $226,133 | $0 | $86,316 |
| SHANNON HISKEY | EXEC DIR PHILANTHROPY Highest-paid employee | 40 | $240,729 | $0 | $60,808 |
| JEAN STACK | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SAVILLE | TREASURER Trustee or director, Officer | 3 | $0 |
| RENEE DESILVA | SECRETARY Trustee or director, Officer | 3 | $0 |
| ALAN DABBIERE | TRUSTEE Trustee or director | 3 | $0 |
| TERRI MCCLEMENTS | TRUSTEE Trustee or director | 3 | $0 |
| JEFFREY MCKAY | TRUSTEE Trustee or director | 3 | $0 |
| MARK MOORE | TRUSTEE Trustee or director | 3 | $0 |
| NAZZIC KEENE | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| CHARLES BEARD | TRUSTEE Trustee or director | 3 | $0 |
| PAUL MISENER | TRUSTEE Trustee or director | 3 | $0 |
| LESLEY KALAN | TRUSTEE Trustee or director | 3 | $0 |
| JILL DUNCAN | TRUSTEE Trustee or director | 3 | $0 |
| KATHRYN FALK | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J STEPHEN JONES | CEO, PRESIDENT Trustee or director, Officer | 13 | $0 | $5,480,396 | $70,495 |
| ALICE POPE | ASST TREASURER/CFO Officer | 13 | $0 | $1,619,969 | $301,898 |
| TERRI FEELY | FORMER CHIEF PEOPLE OFFICER IHS Former | 10 | $0 | $1,215,528 | $287,161 |
| JOHN GAUL | ASST SEC/CHIEF LEGAL OFFICER Officer | 12 | $0 | $1,217,563 | $256,018 |
| SAGE BOLTE | PRESIDENT IHS FOUNDATION Key employee | 40 | $1,035,569 | $0 | $34,978 |
| STEVEN NORRIS | VP PHILANTRHOPY Highest-paid employee | 40 | $496,627 | $0 | $123,158 |
| MADELINE ERARIO MD | TRUSTEE Trustee or director | 40 | $0 | $433,739 | $92,665 |
| CHRISTOPHER SMITH | FORMER VP FINANCE IAH Former | 40 | $0 | $416,662 | $87,970 |
| LAURA MOSES | AVP FOUNDATION OPS AND FINANCE Highest-paid employee | 40 | $325,334 | $0 | $62,882 |
| MELISSA MCCRACKEN | AVP DONOR ENGAGEMENT Highest-paid employee | 40 | $255,142 | $0 | $97,111 |
| SUZANNE QUINN | AVP PHILANTHROPY PROGRAM LEADER Highest-paid employee | 40 | $247,120 | $0 | $58,135 |
| SHANNAN HISKEY | EXEC DIR PHILANTHROPY Highest-paid employee | 40 | $257,433 | $0 | $37,854 |
| ANTHONY NADER | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| JEAN STACK | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| PAUL SAVILLE | TREASURER Trustee or director, Officer | 3 | $0 | $0 | $0 |
| RENEE DESILVA | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| WILLIAM DUDLEY | SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| ALAN DABBIERE | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| MARK STAVISH | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| DONNA MOREA | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| MARK MOORE | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| NAZZIC KEENE | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CHARLES BEARD | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| PENELOPE GROSS | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| LESLEY KALAN | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| JILL DUNCAN | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
| KATHRYN FALK | TRUSTEE Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8095 INNOVATION PARK DR, FAIRFAX, VA 22031-4868
- In care of
- % INOVA HEALTH SYSTEM FOUNDATI
- Principal officer (990 for 2024)
- J STEPHEN JONES MD, 8095 INNOVATION PARK DRIVE FINANCE, FAIRFAX, VA 22031
- Signed the 990
- RICARDO TALENTO, CFO
- Phone
- (571) 472-8123
- Website
- HTTPS://FOUNDATION.INOVA.ORG
- Return prepared by
- ERNST & YOUNG US LLP
Mission
INOVA HEALTH SYSTEM FOUNDATION IS THE PARENT OF INOVA HEALTH SYSTEM (IHS). IHS PROVIDES HEALTHCARE AND RELATED SERVICES THROUGHOUT NORTHERN VIRGINIA AND THE GREATER METROPOLITAN WASHINGTON, D.C. AREA, INCLUDING CERTAIN CONTIGUOUS COUNTIES OF VIRGINIA AND MARYLAND.
Program accomplishments
- 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 UNIQUE 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 ABILITY TO PAY.PROVIDING FREE AND BELOW COST HEALTH SERVICES TO MEET THE IDENTIFIED NEEDS OF 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 2024, FOUNDATION FUNDS WERE USED TO ELEVATE OUR PHILANTHROPIC PRIORITIES OF SUPPORTING INOVA'S WORLD-CLASS CANCER, CARDIOVASCULAR, AND BEHAVIORAL HEALTH CARE PROGRAMS AND OTHER AREAS, INCLUDING THOSE THAT RELY HEAVILY ON PHILANTHROPIC SUPPORT SUCH AS INOVA PETERSON LIFE WITH CANCER, ARTS AND HEALING, INOVA CARES CLINICS, AND THE INOVA KELLAR CENTER.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 FAIR OAKS HOSPITAL ("FAIR OAKS"), INOVA LOUDOUN HOSPITAL ("LOUDOUN") 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 OPERATED BY ITS RESPECTIVE SERVICE LINE DIVISIONS AND JOINTLY MANAGED BY IHCS' 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 CHANGED ITS NAME ON JUNE 1, 2024. ALTERNATE SOLUTIONS HOME HEALTH COMPLETED 72,420 HOME HEALTH VISITS IN 2024.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.PHILANTHROPY 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 47,362 CHILDREN AND FAMILIES IN 2024; THE INOVA JUNIPER PROGRAM SERVING 1,827 PERSONS LIVING WITH HIV; AND THE LIFE WITH CANCER PROGRAM WITH 31,470 PARTICIPANTS. FOUNDATION FUNDS ALSO SUPPORT MANY OTHER INOVA PROGRAMS INCLUDING INOVA CARES FOR WOMEN, CHILDREN AND FAMILIES AND THE INOVA KELLAR CENTER'S BEHAVIORAL SERVICES PROGRAM.TOTAL SUPPORT PROVIDED IN 2024 TO THE COMMUNITY AND INOVA PROGRAMS WAS APPROXIMATELY $26 MILLION.Expenses $33,463,796 · grants $26,107,043 · revenue $12,254,585
- INVESTMENT MANAGEMENT EXPENSE OF $6.7 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.Expenses $6,715,582
- 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 $2.2 MILLION IN 2024.Expenses $2,209,233 · revenue $3,080,964
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1071867
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $9,169,739,339
- Income (IRS master file)
- $893,472,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $885,906,035 | $55,112,749 | $9,169,739,339 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $903,496,197 | $62,751,510 | $7,860,546,699 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | -$714,218,363 | $62,680,221 | $7,010,668,996 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1071867).
Questions about INOVA HEALTH SYSTEM FOUNDATION
- What is the EIN of INOVA HEALTH SYSTEM FOUNDATION?
- The employer identification number (EIN) of INOVA HEALTH SYSTEM FOUNDATION is 54-1071867.
- Is INOVA HEALTH SYSTEM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to INOVA HEALTH SYSTEM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INOVA HEALTH SYSTEM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INOVA HEALTH SYSTEM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INOVA HEALTH SYSTEM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INOVA HEALTH SYSTEM FOUNDATION?
- The 990 for the year ended December 31, 2024 names J STEPHEN JONES MD.
- Who are the officers and directors of INOVA HEALTH SYSTEM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 27 people; 6 received compensation from the organization.
- How much revenue does INOVA HEALTH SYSTEM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $885,906,035, expenses of $55,112,749 and total assets of $9,169,739,339 at year end.
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- DIVINE MERCY CARE EIN 34-1985248 · last filed 990 for 2025
- CENTER FOR ADVANCING PUBLIC HEALTH EIN 83-1532566 · last filed 990 for 2024
- NORTHERN VIRGINIA DENTAL CLINIC INC EIN 54-1646071 · last filed 990 for 2025
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