Belgrade Regional Health Center Inc
- Assets
- $1.9m
- Revenue
- $196.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Belgrade Lakes, ME
- Founding
- 07/1977
- Data as of
- 06/2022
- EIN
- 01-0351795
Organization Overview
Belgrade Regional Health Center Inc is located in Belgrade Lakes, ME. The organization was established in 1977. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgrade Regional Health Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Belgrade Regional Health Center Inc generated $196.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $76.4k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A COMMUNITY HEALTH FACILITY IN BELGRADE LAKES REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE A COMMUNITY HEALTH FACILITY FOR THE BELGRADE LAKES REGION. DURING THIS FISCAL YEAR THE ORGANIZATION CONTINUED LEASING TO HEALTHREACH COMMUNITY HEALTH CENTER, A HEALTH CARE PROVIDER, A NEWLY CONSTRUCTED BUILDING WHICH OPENED IN JANUARY 2006. THE ORGANIZATION FURTHER UPGRADED ITS BUILDING BY INVESTING IN A 45000 WATT GENERATOR SYSTEM WHICH WAS COMPLETED IN JANUARY 2009. FOR FISCAL YEAR ENDED JUNE 30, 2012 THE ORGANIZATION GRANTED TO HEALTHREACH A PATIENT PORTAL SYSTEM AT A COST OF 7,250. ON JUNE 23, 2014 THE ORGANIZATION INITIATED THE CONSTRUCTION OF A WALKING TRAIL SURROUNDING THE LAND IT OWNS, THE SAME LAND WHICH CONTAINS THE HEALTH CENTER BUILDING IT OWNS. IN JULY 2014 THE ORGANIZATION COMPLETED THE WALKING TRAIL. IN JANUARY 2020 A NEW LED ELECTRICAL IMPROVEMENT WAS COMPLETED AT RENTAL FACILITY. IN FEBRUARY 2021 A SIRIUS WHITE NOISE SYSTEM WAS INTALLED AT RENTAL FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polly Beatie President | Officer | $0 | |
Thomas B Dowd Treasurer | Officer | $0 | |
Andy Kane Vice Preside | Officer | $0 | |
Linda Sprague Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,414 |
| Total Program Service Revenue | $48,000 |
| Investment income | $21,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,425 |
| Fees for services: Other | $8,391 |
| Advertising and promotion | $0 |
| Office expenses | $190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,271 |
| Insurance | $1,505 |
| All other expenses | $0 |
| Total functional expenses | $76,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,976 |
| Savings and temporary cash investments | $12,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $584,742 |
| Investments—publicly traded securities | $1,243,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,907,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,844,640 |
| Net assets with donor restrictions | $62,816 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,907,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Belgrade Regional Health Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Harold Alfond Foundation Portland, ME PURPOSE: GENERAL FACILITIES SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $1,322,950 |
| Earnings | -$72,498 |
| Admin Expense | $7,425 |
| Ending Balance | $1,243,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascentria Care Alliance Inc Concord, NH | $6,219,990 | $6,553,676 |
Eastport Health Care Inc Eastport, ME | $3,870,928 | $6,590,020 |
St Joseph Ambulatory Care Inc Bangor, ME | $1,733,914 | $4,080,957 |
Islands Community Medical Services Inc Vinalhaven, ME | $8,505,939 | $4,727,790 |
Harrington Family Health Center Harrington, ME | $2,941,893 | $3,500,529 |
Lake Sunapee Community Health Services New London, NH | $945,545 | $1,798,299 |
Cheshire Health Services Inc Keene, NH | $11,189 | $479,203 |
Alliance Resources Incorporated Manchester, NH | $15,696,995 | $1,700,609 |
Equality Health Center Concord, NH | $932,245 | $1,295,782 |
Boothbay Region Health Care Inc Boothbay Harbor, ME | $133,390 | $897,765 |
Manchester Acupuncture Studio Manchester, NH | $252,167 | $407,911 |
Canaan First Aid And Safety Canaan Ambulance Canaan, NH | $440,050 | $279,659 |