Kent Hospital Foundation
- Assets
- $4.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 02/2001
- Data as of
- 09/2021
- EIN
- 05-0514640
Organization Overview
Kent Hospital Foundation is located in Providence, RI. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Hospital Foundation 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, Kent Hospital Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $406.0k during the year ending 09/2021. 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
TO SERVE THE HEALTHCARE NEEDS OF OUR REGION THROUGH KENT COUNTY MEMORIAL HOSPITAL BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY AND SPIRIT OF VOLUNTEERISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATE FUNDS DEVELOPMENT ON BEHALF OF KENT COUNTY MEMORIAL HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Fanale MD Director - President/ceo/cne | OfficerTrustee | 55 | $0 |
Robert J Haffey Director - President/coo/kcmh | OfficerTrustee | 55 | $0 |
James M Burke Director - VP Finance/kcmh | OfficerTrustee | 55 | $0 |
Maribeth Q Williamson Secretary - Director | OfficerTrustee | 1 | $0 |
Elizabeth Zima Executive Director | Officer | 55 | $0 |
Jason B Boudjouk MD Director | 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 | $1,229,880 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229,880 |
| Total Program Service Revenue | $0 |
| Investment income | $24,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,425,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $257,550 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,823 |
| 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 | $7,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $406,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,740 |
| Accounts receivable, net | $74,938 |
| 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 | $0 |
| Investments—program-related | $4,017,148 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,292,826 |
| Accounts payable and accrued expenses | $2,748 |
| 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 | $2,697,413 |
| Total liabilities | $2,700,161 |
| Net assets without donor restrictions | -$717,762 |
| Net assets with donor restrictions | $2,310,427 |
| 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 | $4,292,826 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kent Hospital Foundation has recieved totaling $21,575.
| Awarding Organization | Amount |
|---|---|
Physician Assistant Foundation Of The American Academy Of Physician Alexandria, VA PURPOSE: ROBERT K. PEDERSEN GLOBAL OUTREACH GRANT | $10,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $10,000 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $875 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $700 |
Endowment Analysis
| Beg. Balance | $2,391,023 |
| Earnings | $416,085 |
| Other Expense | $6,542 |
| Ending Balance | $2,800,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
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 |
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 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |