Putnam Hospital Center Foundation Inc
- Assets
- $14.3m
- Revenue
- $835.7k
- Investments
- $8.3m
- Employees
- 0
- Location
- Carmel, NY
- Founding
- 02/1995
- Data as of
- 09/2023
- 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 09/2023, Putnam Hospital Center Foundation Inc generated $835.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $445.5k during the year ending 09/2023. 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
2023
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 PUTNAM HOSPITAL CENTER FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION LOCATED IN CARMEL, NY. THE FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF SOLICITING, RECEIVING, HOLDING, INVESTING AND ADMINISTERING CONTRIBUTIONS ON BEHALF OF PUTNAM HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman (from 01/01) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman (to 12/31) | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman To (12/31) | OfficerTrustee | 1 | $0 |
Name Not Listed President - Putnam Hospital | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chairman (from 01/01) | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 0.5 | $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 | $728,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,447 |
| Total Program Service Revenue | $0 |
| Investment income | $107,217 |
| 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 | $835,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,462 |
| 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 | $23,413 |
| 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 | $0 |
| Total functional expenses | $445,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,447,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $173,294 |
| 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 | $6,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,300,717 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,338,091 |
| Total assets | $14,266,035 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,649,836 |
| Net assets with donor restrictions | $4,616,199 |
| 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 | $14,266,035 |
Grants Awarded
Over the last fiscal year, Putnam Hospital Center Foundation Inc has awarded $20,235 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PUTNAM HOSPITAL CENTER PURPOSE: OPERATIONAL SUPPORT | $14,930 |
VASSAR HEALTH CONNECTICUT INC PURPOSE: OPERATIONAL SUPPORT | $5,305 |