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 6 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 29.0% per year over the past 6 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 12 individual grants totaling $1,341,643. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
THE CHESHIRE HEALTH FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. FOR FISCAL YEAR 2021, MEDICAL CENTER SENIOR LEADERS AND TRUSTEES COLLABORATED WITH FOUNDATION TRUSTEES TO DETERMINE STRATEGIC NEEDS FOR THE YEAR. OUR COVID-19 RESPONSE WAS THE MAIN STRATEGIC PRIORITY FOR FUNDING, AND DONATIONS PROVIDED SPECIALIZED EQUIPMENT FOR TREATING PATIENTS, PROTECTIVE GEAR FOR EMPLOYEES AND MUCH MORE - ALL OF WHICH KEPT PATIENTS WELL CARED FOR AND OUR STAFF AND PATIENTS SAFE. THE FOUNDATION ALSO BROUGHT IN GIFTS FOR A WIDE VARIETY OF SPECIALIZED EQUIPMENT INCLUDING TECHNOLOGY SUCH AS AN ANKLE DISTRACTOR FOR SURGICAL SERVICES, A VIDEO BORESCOPE FOR CENTRAL STERILE REPROCESSING, AN ACCU VEIN FINDER, AN ENDOSEE FOR WOMEN'S HEALTH, TWO UPRIGHT BIKES FOR CARDIO REHAB, AND A FEES (BEDSIDE SWALLOW EVALUATION) FOR FARNUM REHAB. ADDITIONALLY, A SCREENING BOOTH AND EQUIPMENT FOR THE AUDIOLOGY DEPARTMENT WAS FUNDED AS WELL AS TWO LACTATION PODS TO SUPPORT OUR BREASTFEEDING EMPLOYEES. SCHOLARSHIP FUNDS WERE INCREASED THROUGH DONATIONS TO THE CINDI COUGHLIN PROFESSIONAL NURSING SCHOLARSHIP FUND AND THE BEN TATRO MEMORIAL HEALTHCARE SCHOLARSHIP FUND, AND THE HELEN BRUECKNER BAUTE NURSING EXCELLENCE FUNDS WERE ESTABLISHED TO SUPPORT NURSING LEADERSHIP, PROFESSIONAL DEVELOPMENT AND EDUCATION. OTHER FUNDS RAISED SUPPORTED CHESHIRE'S NORRIS COTTON CANCER CENTER THROUGH EQUIPMENT AND PROGRAM NEEDS AND ASSISTING PATIENTS FINANCIALLY WHO HAVE DIFFICULTY MEETING THEIR DAILY LIVING EXPENSES. IN ADDITION, CHARITABLE SUPPORT HELPED CHESHIRE PURCHASE THE WEST CAMPUS BUILDING THAT WILL HOUSE THE NEW FAMILY MEDICINE RESIDENCY PROGRAM. 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 | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,634,623 |
| Noncash contributions included in lines 1a–1f | $51,111 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,747,073 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $8,748,871 |
| 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 | $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 |
| Net Land, buildings, and equipment | $2,935,610 |
| 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 | $3,437,830 |
| Net assets with donor restrictions | $31,364,358 |
| 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 | $78,781,807 |
Grants Awarded
Over the last fiscal year, Cheshire Health Foundation has awarded $33,168 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Brattleboro, VT PURPOSE: Program Support | $5,528 |
North Swanzey, NH PURPOSE: Program Support | $5,528 |
Brattleboro, VT PURPOSE: Program Support | $5,528 |
North Swanzey, NH PURPOSE: Program Support | $5,528 |
Merrimack, NH PURPOSE: Program Support | $5,528 |
Merrimack, NH PURPOSE: Program Support | $5,528 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cheshire Health Foundation has recieved totaling $73,638.
| Awarding Organization | Amount |
|---|---|
Harry C Lichman Tua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $46,927 |
Tuw Harry C Lichman Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $24,044 |
National Grange Mutual Charitable Foundation Keene, NH PURPOSE: UNRESTRICTED | $2,667 |
Endowment Analysis
| Beg. Balance | $21,594,703 |
| Earnings | $4,806,606 |
| Net Contributions | $2,020,506 |
| Other Expense | $763,071 |
| Ending Balance | $27,658,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Cheshire Health Foundation Keene, NH | $78,781,807 | $12,306,567 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Concord Hospital Trust Concord, NH | $67,334,634 | $6,367,330 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA | $2,272,182 | $1,008,171 |
Capital Region Health Care Development Corporation Concord, NH | $21,495,479 | $4,517,739 |
International Brotherhood Of Elect Workers 300 Health & Welfare Tr South Burlington, VT | $3,376,422 | $3,830,044 |
Mmc Realty Corp Portland, ME | $43,663,674 | $5,719,456 |