Southampton Hospital Association
- Assets
- $89.7m
- Revenue
- $5.9m
- Investments
- $7.6m
- Employees
- 0
- Location
- Southampton, NY
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 11-1667765
Organization Overview
Southampton Hospital Association is located in Southampton, NY. The organization was established in 1942. 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. Southampton Hospital Association 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 12/2022, Southampton Hospital Association generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HIGHEST QUALITY OF HEALTHCARE SERVICES FOR ITS ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE HEALTH OF PEOPLE IN THE COMMUNITIES ON THE SOUTH FORK OF LONG ISLAND FROM WESTHAMPTON TO MONTAUK AND SHELTER ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Chaloner President & CEO | OfficerTrustee | 2.5 | $0 |
Kenneth B Wright Chairman | OfficerTrustee | 1.25 | $0 |
Lawrence A Willis Treasurer | OfficerTrustee | 1.25 | $0 |
Patricia Stewart Thru 322 Secretary | OfficerTrustee | 1.25 | $0 |
Andrew Davis Trustee | Trustee | 1.25 | $0 |
George F Biondo ESQ Trustee | Trustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkins Eastman Architects Pc Architect Services | 12/30/22 | $448,301 |
Greenman-pedersen Inc Engineering Consult. | 12/30/22 | $190,000 |
Jordan Leverrier Pc Legal | 12/30/22 | $123,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $661,976 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,976 |
| Total Program Service Revenue | $4,927,203 |
| Investment income | $286,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,907,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | -$577,039 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $927 |
| Fees for services: Accounting | $100,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,715 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,366,983 |
| 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 | $5,102,054 |
| Insurance | $349,256 |
| All other expenses | $0 |
| Total functional expenses | $6,447,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $35,626 |
| Net Land, buildings, and equipment | $54,443,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,598,844 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,356,615 |
| Total assets | $89,731,880 |
| Accounts payable and accrued expenses | $348,647 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $32,798,839 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,275,227 |
| Total liabilities | $43,422,713 |
| Net assets without donor restrictions | $22,439,986 |
| Net assets with donor restrictions | $23,869,181 |
| 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 | $89,731,880 |