Emerson Health Care Foundation Inc
- Assets
- $6.8m
- Revenue
- $3.7m
- Investments
- $4.6m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 01/1983
- Data as of
- 09/2021
- EIN
- 04-2770980
Organization Overview
Emerson Health Care Foundation Inc is located in Concord, MA. The organization was established in 1983. 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. Emerson Health Care 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 09/2021, Emerson Health Care Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. While expenses have increased by 14.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COORDINATE AND DEVELOP THE FUNDRAISING EFFORT FOR EMERSON HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERSON HEALTH CARE FOUNDATION IS AN ORGANIZATION THAT SUPPORTS FUNDRAISING EFFORTS FOR EMERSON HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Denault Chair | OfficerTrustee | 4 | $0 |
Karen H Donoghue Secretary | OfficerTrustee | 4 | $0 |
Joshua M Nelson Vice Chair | OfficerTrustee | 4 | $0 |
Kenneth Anderson Treasurer | OfficerTrustee | 4 | $0 |
Christine C Schuster President And CEO | OfficerTrustee | 4 | $0 |
Karl Kussin VP Development & Chief Philanthropy Officer | Trustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $236,670 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,453,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,689,999 |
| Total Program Service Revenue | $0 |
| Investment income | $161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,690,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $800,000 |
| 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 | $620,222 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $113,587 |
| 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 | $107,445 |
| Advertising and promotion | $17,643 |
| Office expenses | $4,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,003 |
| Total functional expenses | $1,765,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,204,845 |
| Pledges and grants receivable | $9,574 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,586,443 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,800,862 |
| Accounts payable and accrued expenses | $1,374,741 |
| 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 | $1,374,741 |
| Net assets without donor restrictions | -$18,613 |
| Net assets with donor restrictions | $5,444,734 |
| 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 | $6,800,862 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Emerson Health Care Foundation Inc has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Whitman Family Foundation Birmingham, MI PURPOSE: PROVIDE HIGH QUALITY PROGRAMS FOR THE GOOD HEALTH OF PATIENTS AND THEIR FAMILIES | $1,000 |
Scarbro Family Foundation Carlisle, MA PURPOSE: GENERAL FUND | $100 |
Endowment Analysis
| Beg. Balance | $2,452,598 |
| Earnings | $513,718 |
| Net Contributions | $262,343 |
| Other Expense | $120,208 |
| Ending Balance | $3,108,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ryan-Chelsea Clinton Community Health Center New York, NY | $17,966,484 | $24,020,763 |
Lamprey Health Care Inc Newmarket, NH | $14,822,955 | $20,633,435 |
Lamoille Health Partners Inc Morrisville, VT | $11,050,132 | $18,451,412 |
Charles River Community Health Inc Brighton, MA | $31,839,029 | $18,006,740 |
First Choice Health Centers Inc East Hartford, CT | $13,089,215 | $17,922,573 |
Healthfirst Family Care Center Inc Fall River, MA | $16,737,326 | $19,131,538 |
Gifford Health Care Inc Randolph, VT | $1,258,945 | $14,460,564 |
La Casa De Salud Inc Bronx, NY | $19,712,819 | $19,334,048 |
Lasante Health Center Inc Brooklyn, NY | $6,973,199 | $14,838,964 |
Settlement Health And Medical Services Inc New York, NY | $16,152,757 | $16,247,759 |
New England Baptist Medical Associates Inc Boston, MA | $911,818 | $10,819,332 |
Metro Community Health Centers Inc Bronx, NY | $3,282,554 | $12,421,743 |