Cheshire Health Foundation
- Assets
- $78.8m
- Revenue
- $12.3m
- Investments
- $47.8m
- Employees
- 0
- Location
- Keene, NH
- Founding
- 05/1944
- Data as of
- 06/2021
- EIN
- 02-0202220
Organization Overview
Cheshire Health Foundation is located in Keene, NH. The organization was established in 1944. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Cheshire Health Foundation 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 06/2021, Cheshire Health Foundation generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 24.4% 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.
Since 2015, Cheshire Health Foundation has awarded 13 individual grants totaling $4,471,333. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHESHIRE HEALTH FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. FOR FISCAL YEAR 2022, MEDICAL CENTER SENIOR LEADERS AND TRUSTEES COLLABORATED WITH FOUNDATION TRUSTEES TO DETERMINE STRATEGIC NEEDS FOR THE YEAR. THE PURCHASE OF THREE STATE-OF-THE-ART ULTRASOUND MACHINES WAS THE MAIN FUNDING PRIORITY AND CHARITABLE DONATIONS FUNDED THE PURCHASE. THE FOUNDATION ALSO RECEIVED GIFTS FOR A WIDE VARIETY OF SPECIALIZED EQUIPMENT TO SUPPORT INPATIENT AND OUTPATIENT PHYSICAL THERAPY, WOMEN'S HEALTH AND THE BIRTHING PAVILION, COMPUTERS FOR AN INPATIENT CARE UNIT, AND OTHER SPECIFIC NEEDS. SCHOLARSHIP FUNDS INCREASED THROUGH DONATIONS TO THE CINDI COUGHLIN PROFESSIONAL NURSING SCHOLARSHIP FUND, THE BEN TATRO MEMORIAL HEALTHCARE SCHOLARSHIP FUND, FARNUM EDUCATION FUND, AND THE HELEN BRUECKNER BAUTE, RN, NURSING EXCELLENCE FUND. OTHER FUNDS RAISED SUPPORTED CHESHIRE'S LOCAL DARTMOUTH CANCER CENTER THROUGH EQUIPMENT AND PROGRAM NEEDS AND ASSISTING PATIENTS FINANCIALLY WHO HAVE DIFFICULTY MEETING THEIR DAILY LIVING EXPENSES. IN ADDITION, CHARITABLE SUPPORT RECEIVED HELPED CHESHIRE COMMENCE RENOVATIONS ON THE WEST CAMPUS BUILDING FOR THE NEW FAMILY MEDICINE RESIDENCY PROGRAM, AND WILL FUND SUPPORT FOR FUTURE CAPITAL PROJECTS. BEQUESTS RECEIVED BENEFITED NURSING SCHOLARSHIPS, CARDIAC REHABILITATION, PEDIATRICS, AND FUTURE STRATEGIC CAPITAL PURCHASES. PLANNED GIFTS OVER THE YEARS HAVE CREATED SPECIFIC PURPOSE FUNDS AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS THAT SUPPORT PATIENT CARE, INCLUDING PATIENT FINANCIAL ASSISTANCE, AND NURSING SCHOLARSHIPS AND PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/ceo/president | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee / Physician | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,747,073 |
| Investment income | $1,490,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,880 |
| Net Gain/Loss on Asset Sales | -$423 |
| Net Income from Fundraising Events | -$748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,306,567 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,950 |
| Advertising and promotion | $3,071 |
| Office expenses | $5,785 |
| Information technology | $3,021 |
| Royalties | $0 |
| Occupancy | $48,563 |
| 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 | $103,890 |
| Insurance | $35,446 |
| All other expenses | $0 |
| Total functional expenses | $9,043,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,007,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,900,000 |
| Accounts receivable, net | $15,000 |
| 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 | $33,894 |
| Investments—publicly traded securities | $6,666,375 |
| Investments—other securities | $47,772,740 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,450,317 |
| Total assets | $78,781,807 |
| 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 | $43,979,619 |
| Total liabilities | $43,979,619 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $34,802,188 |
Grants Awarded
Over the last fiscal year, Cheshire Health Foundation has awarded $3,146,274 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOME HEALTHCARE HOSPICE AND COMMUNITY SERVICE PURPOSE: Program Support | $9,390 |
CENTRE CONGREGATIONAL CHURCH PURPOSE: Program Support | $9,390 |
TAKODAH YMCA (AKA CHESHIRE COUNTY YMCA) PURPOSE: Program Support | $9,390 |
CHESHIRE MEDICAL CENTER PURPOSE: Program Support | $3,118,104 |