INOVA HEALTH SYSTEM FOUNDATION Charity Report

Public IRS 990 nonprofit record

INOVA HEALTH SYSTEM FOUNDATION

EIN 54-1071867 · Health Care (E110)

What they do

INOVA HEALTH SYSTEM FOUNDATION, THE PARENT COMPANY of INOVA HEALTH SYSTEM, OVERSEES and COORDINATES THE ACTIVITIES of INOVA HEALTH SYSTEM to ENSURE THAT THEY FURTHER FOUNDATIONS and SYSTEMS TAX-EXEMPT PURPOSES and SERVES AS A CHARITABLE FOUNDATION to SUPPORT INOVAS TAX-EXEMPT ENTITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

4.78%of revenue went to mission work76.9% of expenses · Program services

1.23%of revenue went to fundraising19.8% of expenses

$6.22spent for every $100 of revenueRevenue covered expenses this year.

0.20%of revenue went to management and office costs3.2% of expenses

$166.38in assets for every $1 spent this yearSome assets cannot be spent right away.

5.0%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $746,521 for STEVEN NORRIS (PRESIDENT SVP IHS FOUNDATION). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$885,906,035

Mission workProgram services$42,388,6114.78% of revenue76.9% of expenses

ManagementOffice and general costs$1,786,4370.20% of revenue3.2% of expenses

FundraisingAsking for donations$10,937,7011.23% of revenue19.8% of expenses

Revenue left after expensesReported annual surplus$830,793,28693.78% of revenueShown in gray on the chart

Total expenses$55,112,7496.22% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.9% mission · 3.2% management · 19.8% fundraisingTotal expenses: 6.22% of revenue

2023Expense mix: 78.5% mission · 2.0% management · 19.5% fundraisingTotal expenses: 6.95% of revenue

2022Expense mix: 78.3% mission · 1.7% management · 20.0% fundraisingRevenue comparison unavailable

2021Expense mix: 68.9% mission · 3.6% management · 27.5% fundraisingTotal expenses: 3.67% of revenue

2020Expense mix: 75.0% mission · 2.5% management · 22.5% fundraisingTotal expenses: 5.66% of revenue

2019Expense mix: 80.8% mission · 2.4% management · 16.8% fundraisingTotal expenses: 7.14% of revenue

2018Expense mix: 84.5% mission · 3.6% management · 11.9% fundraisingRevenue comparison unavailable

2017Expense mix: 83.0% mission · 3.1% management · 13.9% fundraisingTotal expenses: 6.37% of revenue

Money in and money out

Revenue$885,906,035

Expenses$55,112,749

Annual surplus $830,793,286 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$42,388,611 · 76.9% of expenses

Management and office costs$1,786,437 · 3.2% of expenses

Fundraising$10,937,701 · 19.8% of expenses

See all reported dollar amounts

Revenue$885,906,035

Expenses$55,112,749

Assets$9,169,739,339

Income$893,472,832

Contributions$44,324,894

Mission work (program services)$42,388,611

Fundraising$10,937,701

Grants given$161,845,312

Average grant$23,120,759

Management and general$1,786,437

Stocks and bonds$3,350,052,012

Investing fees$6,715,582

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEVEN NORRISPRESIDENT SVP IHS FOUNDATION · 40 hrs/week $746,521Base $671,603 · Other $74,918

LAURA MOSESAVP FOUNDATION OPS AND FINANCE · 40 hrs/week $374,511Base $308,348 · Other $66,163

AMY RICHARDSAVP PHILANTHROPY PROGRAM LEADER · 40 hrs/week $345,465Base $265,199 · Other $80,266

SUZANNE QUINNAVP PHILANTHROPY PROGRAM L · 40 hrs/week $336,531Base $273,605 · Other $62,926

JANET FILIPEXEC DIR PHILANTHROPY · 40 hrs/week $312,449Base $226,133 · Other $86,316

SHANNON HISKEYEXEC DIR PHILANTHROPY · 40 hrs/week $301,537Base $240,729 · Other $60,808

RICARDO TALENTOASST TREASURER/CFO BEG 1/1/24 · 13 hrs/week $174,348Base · Other $174,348

SAGE BOLTEFORMER PPRESIDENT IHS FOUNDATION · 40 hrs/week $152,264Base · Other $152,264

TERRI FEELYFORMER CHIEF PEOPLE OFFICER IHS · 10 hrs/week $142,904Base · Other $142,904

MADELINE ERARIO MDTRUSTEE · 40 hrs/week $123,214Base · Other $123,214

JOHN GAULASST SEC/CHIEF LEGAL OFFICER · 12 hrs/week $108,811Base · Other $108,811

CHRISTOPHER SMITHFORMER VP FINANCE IAH · 40 hrs/week $104,808Base · Other $104,808

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

STEVEN NORRISPRESIDENT SVP IHS FOUNDATION

LAURA MOSESAVP FOUNDATION OPS AND FINANCE

AMY RICHARDSAVP PHILANTHROPY PROGRAM LEADER

SUZANNE QUINNAVP PHILANTHROPY PROGRAM L

JANET FILIPEXEC DIR PHILANTHROPY

SHANNON HISKEYEXEC DIR PHILANTHROPY

RICARDO TALENTOASST TREASURER/CFO BEG 1/1/24

SAGE BOLTEFORMER PPRESIDENT IHS FOUNDATION

TERRI FEELYFORMER CHIEF PEOPLE OFFICER IHS

MADELINE ERARIO MDTRUSTEE

JOHN GAULASST SEC/CHIEF LEGAL OFFICER

CHRISTOPHER SMITHFORMER VP FINANCE IAH

J STEPHEN JONESCEO, PRESIDENT

ALICE POPEASST TREASURER/CFO ENDING 1/1/24

ALAN DABBIERETRUSTEE

TERRI MCCLEMENTSTRUSTEE

RENEE DESILVASECRETARY

PAUL SAVILLETREASURER

PAUL MISENERTRUSTEE

NAZZIC KEENECHAIRMAN

MARK MOORETRUSTEE

LESLEY KALANTRUSTEE

KATHRYN FALKTRUSTEE

JILL DUNCANTRUSTEE

JEFFREY MCKAYTRUSTEE

JEAN STACKTRUSTEE

CHARLES BEARDTRUSTEE

About this charity

Recognized since: January 1978
Location: 8095 INNOVATION PARK DRIVE FINANCE, FAIRFAX, VA 22031
County: Fairfax (city)
In care of: RICARDO TALENTO
Primary officer: RICARDO TALENTO, CFO

How to reach them

WebsiteVisit the charity’s website Phone(571) 472-8123

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Health Care (E110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes