The Foundation Of St Marys Hospital At Amsterdam Inc
- Assets
- $14.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Amsterdam, NY
- Founding
- 04/1985
- Data as of
- 06/2022
- EIN
- 13-3254655
Organization Overview
The Foundation Of St Marys Hospital At Amsterdam Inc is located in Amsterdam, NY. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Foundation Of St Marys Hospital At Amsterdam Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of St Marys Hospital At Amsterdam 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 06/2022, Foundation Of St Marys Hospital At Amsterdam Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. 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 ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ST. MARY'S HEALTHCARE, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OF ST. MARY'S HEALTHCARE, INC.'S PRIMARY PUROSE IS TO ASSIST ST. MARY'S HEALTHCARE TO DEVELOP AND EXPAND ITS SERVICES TO THE COMMUNITY. THE FOUNDATION ACCOMPLISHES THIS BY BEING THE PRIMARY RECIPIENT OF PHILANTHROPIC SUPPORT. THE FOUNDATION RAISED MONEY TO SUPPORT THE HOSPITAL THORUGH ITS ANNUAL CAMPAIGN AND ONE MAJOR EVENT - THE GALA BALL.AS PART OF THE A CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ITS COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pepe Chairman | OfficerTrustee | 1 | $0 |
Theresa Decarlo Bsn President | OfficerTrustee | 1 | $0 |
Al Turo Vice President | OfficerTrustee | 1 | $0 |
John Sawitzki Treasurer | OfficerTrustee | 1 | $0 |
Scott Bruce Secretary | Trustee | 1 | $0 |
Jeffrey Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $915,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $918,263 |
| Total Program Service Revenue | $0 |
| Investment income | $1,865,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,776 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,836,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,176,998 |
| Grants and other assistance to domestic individuals. | $125,644 |
| 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 | $129,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,133 |
| 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 | $73,741 |
| Fees for services: Other | $8,805 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,009 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,452 |
| Insurance | $0 |
| All other expenses | $42,725 |
| Total functional expenses | $2,675,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,658 |
| Savings and temporary cash investments | $399,075 |
| Pledges and grants receivable | $894,150 |
| Accounts receivable, net | $3,125 |
| 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 | $852,487 |
| Investments—publicly traded securities | $12,588,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,808,047 |
| 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 | $249,349 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,443,515 |
| Total liabilities | $1,692,864 |
| Net assets without donor restrictions | -$560,127 |
| Net assets with donor restrictions | $13,675,310 |
| 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 | $14,808,047 |
Grants Awarded
Over the last fiscal year, The Foundation Of St Marys Hospital At Amsterdam Inc has awarded $420,511 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S HEATLHCARE PURPOSE: GENERAL SUPPORT | $414,867 |
SISTERS OF ST JOSEPH OF CARONDELET PURPOSE: GENERAL SUPPORT | $5,644 |