Westerly Hospital Foundation Inc

Organization Overview

Westerly Hospital Foundation Inc is located in Westerly, RI. The organization was established in 2000. 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. Westerly 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, Westerly Hospital Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $309.4k during the year ending 09/2021. While expenses have increased by 6.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP PHILANTHROPIC SUPPORT FOR LMW HEALTHCARE INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WESTERLY HOSPITAL FOUNDATION RECEIVED MORE THAN $599,000 IN PHILANTHROPIC GIFTS IN FY 2023. FUNDRAISING PROCEEDS FROM VARIOUS EVENTS AND FUNDRAISING DRIVES PROMOTED BY LMW HEALTHCARE, INC. WERE USED TO ENHANCE PATIENT CARE AND THE PATIENT-FAMILY EXPERIENCE AT THE HOSPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
F Gregory Ahern
Trustee & Chairman
$0
Diane Consoli
Trustee
$0
William H Heep
Trustee
$0
Richard Holliday
Trustee
$0
John Holstein
Trustee
$0
Martha Hosp
Trustee & Secretary
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,085,392
Investment income $63,807
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $101,772
Net Income from Fundraising Events $365
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,268,358

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