Baystate Health Foundation Inc
- Assets
- $162.5m
- Revenue
- $11.1m
- Investments
- $15.3m
- Employees
- 29
- Location
- Springfield, MA
- Founding
- 03/2001
- Data as of
- 09/2021
- EIN
- 04-3549011
Organization Overview
Baystate Health Foundation Inc is located in Springfield, MA. The organization was established in 2001. 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 09/2021, Baystate Health Foundation Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate 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 09/2021, Baystate Health Foundation Inc generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $8.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Baystate Health Foundation Inc has awarded 42 individual grants totaling $45,803,895. 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
THE MISSION OF BAYSTATE HEALTH FOUNDATION IS TO INSPIRE A "CULTURE OF PHILANTHROPY AND ENCOURAGE PHILANTHROPIC RELATIONSHIPS THAT WILL SUPPORT THE MISSION AND VISION OF BAYSTATE HEALTH WHICH IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY AREAS OF SUPPORT IN 2021 INCLUDE THE BAYSTATE HEALTH FAMILY MEDICINE RESIDENCY PROGRAM, CANCER RESEARCH AND OTHER PATIENT-CENTERED PROGRAMS AND SERVICES, BAYSTATE CHILDREN'S HOSPITAL, BAYSTATE WING HOSPITAL, BAYSTATE FRANKLIN MEDICAL CENTER, BAYSTATE HOME HEALTH AND HOSPICE (F.K.A) BAYSTATE VISITING NURSE ASSOCIATION & HOSPICE OF WESTERN NEW ENGLAND, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen M Bronner Director Of Philanthropy | 50 | $160,108 | |
Kathleen L Tobin Martin Director Annual Fund & Events | 50 | $144,454 | |
Timothy Caney Dir Finance Bhf | 50 | $138,947 | |
Dena M Hall Chair | OfficerTrustee | 1 | $0 |
Mark A Keroack MD President/trustee | OfficerTrustee | 1 | $0 |
Mark W Teed Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,434 |
| Membership dues | $0 |
| Fundraising events | $769,509 |
| Related organizations | $167,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,668,630 |
| Noncash contributions included in lines 1a–1f | $15,853 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,609,823 |
| Total Program Service Revenue | $2,848,172 |
| Investment income | $526,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $555,746 |
| Net Income from Fundraising Events | $386,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,066,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,625,757 |
| 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. | $269,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,873,961 |
| Pension plan accruals and contributions | $64,751 |
| Other employee benefits | $245,634 |
| Payroll taxes | $132,313 |
| Fees for services: Management | $54,516 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,635 |
| Advertising and promotion | $16,639 |
| Office expenses | $344,897 |
| Information technology | $122,032 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,655 |
| Insurance | $50,612 |
| All other expenses | $0 |
| Total functional expenses | $8,081,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,190 |
| Savings and temporary cash investments | $14,027,145 |
| Pledges and grants receivable | $1,706,382 |
| Accounts receivable, net | $55,927 |
| 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 | $37,303 |
| Net Land, buildings, and equipment | $10,487 |
| Investments—publicly traded securities | $85,734,553 |
| Investments—other securities | $15,264,319 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,568,156 |
| Total assets | $162,504,462 |
| Accounts payable and accrued expenses | $1,915,855 |
| 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 | $1,571,135 |
| Total liabilities | $3,486,990 |
| Net assets without donor restrictions | $37,031,620 |
| Net assets with donor restrictions | $121,985,852 |
| 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 | $162,504,462 |
Grants Awarded
Over the last fiscal year, Baystate Health Foundation Inc has awarded $4,625,757 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, MA PURPOSE: To support education, research, clinical and healthcare programs | $2,512,135 |
Springfield, MA PURPOSE: To support education, research, clinical and healthcare programs | $781,808 |
Greenfield, MA PURPOSE: To support education, research, clinical and healthcare programs | $499,204 |
Springfield, MA PURPOSE: To support education, research, clinical and healthcare programs | $381,586 |
West Springfield, MA PURPOSE: To support education, research, clinical and healthcare programs | $171,172 |
Palmer, MA PURPOSE: To support education, research, clinical and healthcare programs | $160,162 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Baystate Health Foundation Inc has recieved totaling $276,262.
| Awarding Organization | Amount |
|---|---|
Edward Walker Trust Uw 420-6899506 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $195,393 |
Jessie J Patterson Trust 20 00 1383 0 Nect Shawmut 1st Bk & Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $27,908 |
Ottilie P Brown Trust 0-8129-00-2 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $19,793 |
Trust Wa Lucy Gillett Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $13,237 |
Gladys L Brown Tr Uind Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $9,952 |
Easthampton Savings Foundation Easthampton, MA PURPOSE: EXEMPT PURPOSE | $5,500 |
Endowment Analysis
| Beg. Balance | $68,344,051 |
| Earnings | $15,499,000 |
| Net Contributions | $2,883,000 |
| Other Expense | $2,646,000 |
| Ending Balance | $84,080,051 |
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 |