Putnam Hospital Center Foundation Inc
- Assets
- $17.7m
- Revenue
- $1.0m
- Investments
- $8.9m
- Employees
- 0
- Location
- Carmel, NY
- Founding
- 02/1995
- Data as of
- 09/2021
- EIN
- 06-1399319
Organization Overview
Putnam Hospital Center Foundation Inc is located in Carmel, NY. The organization was established in 1995. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Putnam Hospital Center 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, Putnam Hospital Center Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.1m 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
FUNDRAISING FOR SUPPORT OF PUTNAM HOSPITAL CENTER'S SERVICES AND PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR PHC SOLICITS, RECEIVES AND ADMINISTERS FUNDS WHICH ARE PROVIDED BY THE GENERAL PUBLIC FOR THE BENEFIT OF PUTNAM HOSPITAL CENTER AND ITS CHARITABLE AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald J Klein Jr Chairman (to 12/31) | OfficerTrustee | 1 | $0 |
Kevin B Dwyer V.c. (to 12/31), Chairman | OfficerTrustee | 1 | $0 |
Steven H Rosenberg Treasurer/cfo | Officer | 1 | $0 |
Grace Linhard Chief Development Officer | Officer | 1 | $0 |
Mark K Hirko Phc President | Officer | 1 | $0 |
Ann Armater Senior VP Of Development | Officer | 3 | $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 | $633,899 |
| Noncash contributions included in lines 1a–1f | $11,846 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,899 |
| Total Program Service Revenue | $0 |
| Investment income | $385,786 |
| 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 | $1,019,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,891,753 |
| 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 | $18,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $713 |
| Insurance | $0 |
| All other expenses | $235,761 |
| Total functional expenses | $3,146,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,246,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $320,628 |
| 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 | $6,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,945,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,206,784 |
| Total assets | $17,725,980 |
| Accounts payable and accrued expenses | $5,087 |
| 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 | $2,867,119 |
| Total liabilities | $2,872,206 |
| Net assets without donor restrictions | $9,934,234 |
| Net assets with donor restrictions | $4,919,540 |
| 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 | $17,725,980 |
Grants Awarded
Over the last fiscal year, Putnam Hospital Center Foundation Inc has awarded $2,888,663 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Carmel, NY PURPOSE: OPERATIONAL SUPPORT | $2,873,384 |
Danbury, CT PURPOSE: OPERATIONAL SUPPORT | $15,279 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Putnam Hospital Center Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Pcsb Community Foundation Yorktown Heights, NY PURPOSE: CHARITABLE SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $819,272 |
| Earnings | $283,008 |
| Ending Balance | $1,102,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |
Phila Hospital And Health Care District Philadelphia, PA | $10,467,230 | $11,116,555 |
Supplemental Health Insurance Program New York, NY | $18,871,693 | $10,314,338 |
Community Health Care Association Of New York State Inc New York, NY | $3,005,957 | $10,507,423 |
Rochester General Health System Workers Compensation Trust Rochester, NY | $64,779,425 | $9,122,686 |
Pennsylvania Life And Health Insurance Guaranty Association Bala Cynwyd, PA | $31,198,315 | $342,282 |
T1d Exchange Inc Boston, MA | $15,898,353 | $12,562,518 |
Healthlinkny Inc Binghamton, NY | $4,803,344 | $8,971,239 |
Southampton Hospital Association Southampton, NY | $88,601,547 | $8,188,950 |