Winchester Hospital Foundation Inc
- Assets
- $14.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 03/2015
- Data as of
- 09/2021
- EIN
- 04-3399570
Organization Overview
Winchester Hospital Foundation Inc is located in Winchester, MA. The organization was established in 2015. 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. Winchester Hospital 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, Winchester Hospital Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.7m during the year ending 09/2021. While expenses have increased by 11.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WINCHESTER HOSPITAL FOUNDATION, INC. (FOUNDATION) WAS ESTABLISHED IN DECEMBER 1997 FOR THE SOLE PURPOSE OF CULTIVATING ONGOING DONOR SUPPORT OF WINCHESTER HOSPITAL (HOSPITAL). SINCE ITS CREATION, THE FOUNDATION HAS BEEN AN IMPORTANT VEHICLE FOR CHARITABLE GIVING TO SUPPORT THE HOSPITAL AND THE COMMUNITY HAS RESPONDED POSITIVELY THROUGH PHILANTHROPIC INVESTMENT IN THE HOSPITAL. FUNDS RAISED BY THE FOUNDATION SUPPORT THE HOSPITAL'S GENERAL OPERATIONS, CAPITAL NEEDS AND CRITICAL PROGRAMS, ALL IN FURTHERANCE OF BOTH THE FOUNDATION'S AND THE HOSPITAL'S MISSIONS.DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF WINCHESTER HOSPITAL (WINCHESTER), BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMO
Describe the Organization's Program Activity:
FUNDRAISING ACTIVITIESAS NOTED PREVIOUSLY IN THIS FILING, THE WINCHESTER HOSPITAL FOUNDATION, INC. (FOUNDATION), IN FURTHERANCE OF ITS EXEMPT PURPOSES, ENGAGES IN DONOR CULTIVATION, SOLICITATION AND STEWARDSHIP TO SUPPORT WINCHESTER HOSPITAL (HOSPITAL).WINCHESTER HOSPITAL IS AN AWARD WINNING COMMUNITY HOSPITAL LOCATED IN WINCHESTER, MA, A NORTHWEST SUBURB OF BOSTON. THE HOSPITAL WAS FOUNDED IN 1912 AND IS THE LEADING PROVIDER OF STATE-OF-THE-ART INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES TO RESIDENTS OF THE TOWNS OF WINCHESTER, WOBURN, STONEHAM, READING, WILMINGTON, MEDFORD, BILLERICA, TEWKSBURY, NORTH READING, WAKEFIELD, AND MALDEN. IN ADDITION TO ACUTE-CARE INPATIENT SERVICES, WINCHESTER HOSPITAL ALSO PROVIDES AN EXTENSIVE RANGE OF OUTPATIENT SERVICES. WINCHESTER HOSPITAL PROVIDES CARE IN MAJOR CLINICAL AREAS INCLUDING MEDICINE, SURGERY, PEDIATRICS, CANCER CARE, OBSTETRICS/GYNECOLOGY AND NEWBORN CARE. ADDITIONALLY, WINCHESTER HOSPITAL IS A LEADING PROVIDER IN SUCH IMPORTANT MEDICAL SPECIALTIES AS CARDIOLOGY, PULMONARY MEDICINE, ONCOLOGY, GASTROENTEROLOGY, ORTHOPEDICS, REHABILITATION, RADIATION ONCOLOGY AND PAIN MANAGEMENT.THROUGH THE FOUNDATION, WINCHESTER HOSPITAL SUPPORTERS ARE ENCOURAGED TO RENEW THEIR SUPPORT EACH YEAR TO CREATE A RELIABLE STREAM OF CONTRIBUTED INCOME TO SUPPORT THE HOSPITAL'S GREATEST NEEDS INCLUDING SPECIAL PROGRAMS AND CAPITAL PRIORITIES. DURING THE FISCAL YEAR COVERED BY THIS FILING, THE FOUNDATION PROVIDED MORE THAN $501,000 OF SUPPORT TO WINCHESTER HOSPITAL TO SUPPORT THE HOSPITAL'S OPERATING AND CAPITAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerndl John Trustee (ex-Officio) And Treasurer (ex-Officio) | OfficerTrustee | 1 | $0 |
Tabb MD Kevin Trustee (ex-Officio) And President (ex-Officio) | OfficerTrustee | 1 | $0 |
Fischer Steven Bilh Cfo, Trustee, Treasurer (ex-Officio) | OfficerTrustee | 1 | $0 |
Katz ESQ Jamie Bilh Gen. Counsel, Clerk, Trustee (ex-Officio) | OfficerTrustee | 1 | $0 |
Flynn Denise VP Philanthropy | Officer | 1 | $0 |
Weiner MD Richard Trustee (ex-Officio) | Trustee | 1 | $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 | $1,820,419 |
| Noncash contributions included in lines 1a–1f | $6,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,820,419 |
| Total Program Service Revenue | $0 |
| Investment income | $73,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,691 |
| Net Income from Fundraising Events | $9,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,971,950 |
| 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 | $11,074 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,101 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,680,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $601 |
| 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 | $6,861 |
| Insurance | $0 |
| All other expenses | $459 |
| Total functional expenses | $1,711,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,802,831 |
| Pledges and grants receivable | $776,140 |
| 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 | $171,431 |
| Net Land, buildings, and equipment | $23,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,773,985 |
| Accounts payable and accrued expenses | $72,582 |
| 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 | $952,930 |
| Total liabilities | $1,025,512 |
| Net assets without donor restrictions | $4,956,718 |
| Net assets with donor restrictions | $8,791,755 |
| 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 | $14,773,985 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Winchester Hospital Foundation Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Arthur Griffin Family Foundation Winchester, MA PURPOSE: SUPPORT HOSPITAL FOUNDATION | $16,500 |
Cedar Street Foundation Boston, MA PURPOSE: HEALTHCARE HEROES FUND | $15,000 |
Winchester Mount Vernon House Winchester, MA PURPOSE: HELPING SENIOR CITIZENS | $10,000 |
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,500 |
Louis And Anne Abrons Foundation Inc Wilmington, DE PURPOSE: HEALTHCARE HEROES FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $3,093,455 |
| Earnings | $688,240 |
| Net Contributions | $400,000 |
| Ending Balance | $4,181,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |