Cvph Foundation Inc
- Assets
- $9.0m
- Revenue
- $977.3k
- Investments
- $3.4m
- Employees
- 0
- Location
- Plattsburgh, NY
- Founding
- 05/1994
- Data as of
- 09/2023
- EIN
- 14-1727048
Organization Overview
Cvph Foundation Inc is located in Plattsburgh, NY. The organization was established in 1994. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Cvph 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, Cvph Foundation Inc generated $977.3k 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 (6.4%) each year. All expenses for the organization totaled $1.5m 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
THE GENEROSITY OF OUR CARING COMMUNITY ENABLES US TO ADVANCE INITIATIVES THAT ARE IMPORTANT TO THE HEALTH OF THE NORTH COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVPH MEDICAL CENTER FOUNDATION (THE FOUNDATION) PROVIDES FINANCIAL SUPPORT TO CVPH MEDICAL CENTER TO MEET THE HEALTHCARE NEEDS OF THE COMMUNITY. THIS SUPPORT INCLUDES REIMBURSEMENT OF THE HOSPITAL'S COST FOR THE PURCHASE OF NEW DIAGNOSTIC EQUIPMENT, PROVIDE FUNDING FOR HEALTHCARE SERVICES FOR CHILDREN, COORDINATE SUPPORT GROUPS FOR PATIENTS LIVING WITH ILLNESS, PROVIDE CHARITY CARE FOR THOSE IN NEED, AND COORDINATE PROGRAMS THAT PROMOTE HEALTH AND WELLNESS. IN ADDITION, THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO 224 FAMILIES MEETING THEIR TRAVEL EXPENSES INCURRED WHILE OBTAINING SPECIALIZED HEALTHCARE COVERED TRAVEL EXPENSES TO INCLUDE FUEL, FERRY TICKETS, FLIGHT COSTS, LODGING, AND FOOD.
SUPPORT SERVICES RELATED TO TREATMENT AND CARE FOR PATIENTS UNDERGOING BREAST CANCER TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Huttig President | OfficerTrustee | 1 | $0 |
Julie Kramer Treasurer | OfficerTrustee | 1 | $0 |
Paige Bouyea-Raville Vice President | OfficerTrustee | 1 | $0 |
Robert Eberle MD Board Member | Trustee | 1 | $0 |
Ryan Bennett Board Member | Trustee | 1 | $0 |
Justin Meyer Board Member | Trustee | 1 | $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 | $987,678 |
| Noncash contributions included in lines 1a–1f | $3,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $987,678 |
| Total Program Service Revenue | $0 |
| Investment income | $208,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$278,926 |
| Net Income from Fundraising Events | $59,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $977,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $129,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,008 |
| 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 | $8,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,684 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,645 |
| Office expenses | $18,199 |
| Information technology | $60,114 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,549,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $813,496 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,001 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $452,567 |
| Investments—other securities | $3,372,877 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,227,791 |
| Total assets | $9,024,419 |
| 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 | $378,117 |
| Total liabilities | $378,117 |
| Net assets without donor restrictions | $3,874,571 |
| Net assets with donor restrictions | $4,771,731 |
| 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 | $9,024,419 |