Southampton Hospital Foundation Inc is located in Southampton, NY. The organization was established in 1999. 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. Southampton Hospital 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 12/2023, Southampton Hospital Foundation Inc generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $21.4m during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO HEIGHTEN AWARENESS, PROMOTE GOODWILL AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL AS WELL AS SOUTHAMPTON HOSPITALASSOCIATION, A RELATED 501(C)(3) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSOUTHAMPTON HOSPITAL FOUNDATION IS THE FUND-RAISING ORGANIZATION OF THE SOUTHAMPTON HOSPITAL ASSOCIATION. A SEPARATE, NOT-FOR-PROFIT CORPORATION, THE FOUNDATION SEEKS TO HEIGHTEN AWARENESS AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN CALENDAR YEAR 2023, THE FOUNDATION RAISED A TOTAL OF $17,805,754 IN CASH AND PLEDGES, FROM PRIVATE FOUNDATIONS, BUSINESSES, AND INDIVIDUALS IN SUPPORT OF STONY BROOK SOUTHAMPTON HOSPITAL'S GENERAL AND RESTRICTED PURPOSES. OF THIS TOTAL, $17,805,754 WERE CASH CONTRIBUTIONS. CONTRIBUTIONS ARE USED TO SUPPORT GENERAL OPERATING NEEDS AS WELL AS A RANGE OF SPECIFIC CLINICAL PROGRAMS AND SERVICES, MEDICAL TECHNOLOGY, AND EQUIPMENT AS WELL AS UNCOMPENSATED CARE AND SUPPORT SERVICES FOR VULNERABLE POPULATIONS.THE FOUNDATION RAISES FUNDS THROUGH A BROAD ARRAY OF FUNDRAISING ACTIVITIES INCLUDING SPECIAL EVENTS, GRANTS, DIRECT MAIL, CAPITAL CAMPAIGNS, PLANNED GIFTS, MAJOR GIFT SOLICITATIONS AND SOCIAL NETWORKING. THE FOUNDATION ALSO COLLABORATES WITH LOCAL AND REGIONAL COMMUNITY AND FRATERNAL ORGANIZATIONS TO RAISE FUNDS TO ADVANCE THE MISSION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN 2023, IN ADDITION TO UNRESTRICTED FUNDS, THE FOUNDATION UNDERTOOK FUND RAISING INITIATIVES IN SUPPORT OF KEY CLINICAL INITIATIVES THAT WERE SUPPORTIVE OF THE HOSPITAL'S STRATEGIC PLAN. THESE CLINICAL INITIATIVES INCLUDED THE PAULSON FAMILY EMERGENCY DEPARTMENT, THE AUDREY AND MARTIN GRUSS HEART & STROKE CENTER, THE ED & PHYLLIS DAVIS WELLNESS INSTITUTE, THE ELLEN HERMANSON BREAST CENTER, THE KATHLEEN D. ALLEN MATERNITY CENTER, THE EDIE WINDSOR HEALTHCARE CENTER, THE REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, AND THE PHILLIPS FAMILY CANCER CENTER. THE FOUNDATION ALSO PLANNED AND IMPLEMENTED ITS 65TH ANNUAL SUMMER PARTY THE OBJECTIVE OF WHICH IS TO HEIGHTEN AWARENESS OF AND RAISE FUNDS IN SUPPORT OF THE HOSPITAL'S NEEDS. IN 2023, SOUTHAMPTON HOSPITAL FOUNDATION PARTNERED WITH THE ELLEN P. HERMANSON FOUNDATION TO RAISE FUNDS ON BEHALF OF A BROAD SPECTRUM OF NEEDS RELATED TO WOMEN WITH BREAST CANCER. FUND RAISING INITIATIVES RESULTED IN THE PURCHASE OF MEDICAL EQUIPMENT AND TECHNOLOGY AND FUNDED SUPPORT SERVICES. ADDITIONALLY, WE COLLABORATED WITH INDIVIDUALS AND ORGANIZATIONS TO RAISE FUNDS FOR OUR REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, CENTER FOR PARKINSON'S DISEASE, AND PALLIATIVE CARE PROGRAMS. FINALLY, WE CONTINUED TO PLAN FOR A MAJOR CAPITAL CAMPAIGN IN SUPPORT OF A NEW, STATE-OF-THE-ART COMMUNITY HOSPITAL.IN 2023 LAUNCHED THE QUIET PHASE OF A MAJOR CAPITAL CAMPAIGN TO BUILD A NEW STONY BROOK SOUTHAMPTON HOSPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Howard M Lorber Chairman | OfficerTrustee | 0.5 | $0 |
Gilbert W Harrison Treasurer | OfficerTrustee | 0.5 | $0 |
Jean Remmel Little Secretary | OfficerTrustee | 0.5 | $0 |
Paul C Brennan Trustee | Trustee | 0.5 | $0 |
John M Hadlock ESQ Trustee | Trustee | 0.5 | $0 |
FR Alex Karloutsos Trustee | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $2,316,313 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $15,136,420 |
Noncash contributions included in lines 1a–1f | $548,864 |
Total Revenue from Contributions, Gifts, Grants & Similar | $17,452,733 |
Total Program Service Revenue | $0 |
Investment income | $479,471 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $271,016 |
Net Income from Fundraising Events | -$477,302 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,725,918 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $19,415,592 |
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. | $185,550 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $64,318 |
Other salaries and wages | $354,695 |
Pension plan accruals and contributions | $61,242 |
Other employee benefits | $35,613 |
Payroll taxes | $44,917 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $514,496 |
Fees for services: Investment Management | $49,288 |
Fees for services: Other | $179,361 |
Advertising and promotion | $0 |
Office expenses | $26,429 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $57,518 |
Travel | $14,190 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $21,407,232 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $582,327 |
Savings and temporary cash investments | $19,645,781 |
Pledges and grants receivable | $1,439,578 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $21,667,686 |
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 | $3,706,385 |
Total liabilities | $3,706,385 |
Net assets without donor restrictions | $2,716,100 |
Net assets with donor restrictions | $15,245,201 |
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 | $21,667,686 |
Over the last fiscal year, Southampton Hospital Foundation Inc has awarded $19,415,592 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
STONY BROOK SOUTHAMPTON HOSPITAL PURPOSE: GENERAL SUPPORT | $2,623,471 |
SOUTHAMPTON HOSPITAL ASSOCIATION PURPOSE: GENERAL SUPPORT | $16,792,121 |