Sturdy Health Foundation Inc
- Assets
- $67.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Attleboro, MA
- Founding
- 01/1956
- Data as of
- 09/2023
- EIN
- 04-2103631
Organization Overview
Sturdy Health Foundation Inc is located in Attleboro, MA. The organization was established in 1956. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Sturdy Health Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturdy Health Foundation 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 09/2023, Sturdy Health Foundation Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.3m during the year ending 09/2023. While expenses have increased by 16.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN PHILANTHROPHIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSE (CONTINUED ON SCH O). OF STURDY MEMORIAL HOSPITAL, INC AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF OFFICE BUILDINGS TO STURDY HEALTH, INC. FOR THE PURPOSE OF PRACTICING MEDICINE IN THE COMMUNITY STURDY MEMORIAL HOSPITAL, INC. SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Brewer Executive Director | Officer | 2 | $0 |
Amy Pfeffer CFO | Officer | 5 | $0 |
Ronald Van Ness-Otunnu MD Physician Director | Trustee | 1 | $0 |
William Florentino Thru 0323 Chief Development Officer | 30 | $0 | |
Joseph Casey Former Executive Director | 0 | $0 | |
John Korona Director/chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cryan Landscape Contractors Incorporated Landscaping Services | 9/29/23 | $150,866 |
Metrowest Cleaning System Cleaning Services | 9/29/23 | $106,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,685 |
| Total Program Service Revenue | $3,155,119 |
| Investment income | $1,342,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,936 |
| Net Gain/Loss on Asset Sales | $1,300,540 |
| Net Income from Fundraising Events | $31,205 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,275,718 |
| 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 | $326,230 |
| Pension plan accruals and contributions | $1,293 |
| Other employee benefits | $0 |
| Payroll taxes | $28,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,875 |
| Fees for services: Investment Management | $27,915 |
| Fees for services: Other | $18,833 |
| Advertising and promotion | $32,745 |
| Office expenses | $23,711 |
| Information technology | $12,600 |
| Royalties | $0 |
| Occupancy | $829,983 |
| 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 | $1,246,638 |
| Insurance | $34,246 |
| All other expenses | $9,151 |
| Total functional expenses | $3,279,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,082,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,127 |
| 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 | $56,667 |
| Net Land, buildings, and equipment | $26,045,025 |
| Investments—publicly traded securities | $39,610,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,801 |
| Total assets | $67,814,541 |
| Accounts payable and accrued expenses | $126,230 |
| 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 | $25,576 |
| Total liabilities | $151,806 |
| Net assets without donor restrictions | $59,170,587 |
| Net assets with donor restrictions | $8,492,148 |
| 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 | $67,814,541 |