Southampton Hospital Association
- Assets
- $88.6m
- Revenue
- $8.2m
- Investments
- $9.7m
- Employees
- 0
- Location
- Southampton, NY
- Founding
- 06/1942
- Data as of
- 12/2021
- 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 12/2021, Southampton Hospital Association generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.7%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.9%) per year over the past 7 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
2021
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 |
Richard J Hiegel ESQ Co-Chair (thru 10/21) | OfficerTrustee | 1.25 | $0 |
Lawrence A Willis Treasurer | OfficerTrustee | 1.25 | $0 |
Patricia Stewart Secretary | OfficerTrustee | 1.25 | $0 |
Christopher J Schultheis Chief Financial Officer | Officer | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkins Eastman Architects Pc Architect Services | 12/30/21 | $290,391 |
Rafael Vinoly Architects Hksjv Architect Services | 12/30/21 | $1,071,485 |
Stantec Consulting Services Inc Consulting | 12/30/21 | $172,723 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,381,386 |
| Investment income | $228,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,579,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,188,950 |
| 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 | -$392,800 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $109,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,783 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,598,639 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,152,195 |
| Insurance | -$483,234 |
| All other expenses | $0 |
| Total functional expenses | $7,159,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,411 |
| 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 | $38,534 |
| Net Land, buildings, and equipment | $58,355,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,744,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,488,060 |
| Total assets | $88,601,547 |
| Accounts payable and accrued expenses | $299,341 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,754,339 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,207,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,590,393 |
| Total liabilities | $47,851,270 |
| Net assets without donor restrictions | $24,419,901 |
| Net assets with donor restrictions | $16,330,376 |
| 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 | $88,601,547 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southampton Hospital Association has recieved totaling $331,774.
| Awarding Organization | Amount |
|---|---|
The Ellen P Hermanson Foundation East Hampton, NY PURPOSE: CANCER CARE | $318,000 |
Frank Family Charitable Foundation Inc Miami, FL PURPOSE: GENERAL OPERATIONS | $10,000 |
Herbert B Boehl Charitable Tr Chicago, IL PURPOSE: GENERAL | $3,769 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $12,889,360 |
| Earnings | $2,990,112 |
| Ending Balance | $15,879,472 |
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 |