Finger Lakes Health Foundation Inc
- Assets
- $56.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Geneva, NY
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 15-0549310
Organization Overview
Finger Lakes Health Foundation Inc is located in Geneva, NY. The organization was established in 1994. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Finger Lakes Health 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 12/2021, Finger Lakes Health Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 2.3% 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.
Since 2014, Finger Lakes Health Foundation Inc has awarded 29 individual grants totaling $13,874,314. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COORDINATE THE FUNDRAISING ACTIVITIES FOR FINGER LAKES HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINGER LAKES HEALTH FOUNDATION COORDINATES FUNDRAISING ACTIVITIES FOR GENEVA GENERAL HOSPITAL, LIVING CENTER AT GENEVA SOUTH, LIVING CENTER AT GENEVA NORTH, HUNTINGTON LIVING CENTER, AND SOLDIERS AND SAILORS MEMORIAL HOSPITAL. THE FINGER LAKES HEALTH FOUNDATION ALSO CONSIDERS REQUESTS FOR PROJECTS WHICH ARE DESIGNATED TO ENHANCE THE QUALITY OF HEALTH CARE, EXPAND SERVICES, AND PROVIDE PERSONNEL AND EQUIPMENT FOR DESIGNATED NEEDS AT THESE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara C Turbide Executive Director | OfficerTrustee | 10 | $0 |
Jose A Acevedo MD Assistant Secretary | OfficerTrustee | 5 | $0 |
Laura Van Niel Chair | OfficerTrustee | 2 | $0 |
Trisha Koczent Treasurer Starting June 2021 | OfficerTrustee | 5 | $0 |
Carol Chester Vice Chair | OfficerTrustee | 1 | $0 |
Joan Grela Secretary | OfficerTrustee | 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 | $719,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $719,870 |
| Total Program Service Revenue | $0 |
| Investment income | $1,106,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,147,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,973,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $940,615 |
| 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 | $107,260 |
| Pension plan accruals and contributions | $5,940 |
| Other employee benefits | $27,888 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,771 |
| Fees for services: Legal | $4,060 |
| Fees for services: Accounting | $33,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,165 |
| Information technology | $1,220 |
| Royalties | $0 |
| Occupancy | $2,333 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,029 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,448,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,466 |
| Savings and temporary cash investments | $332,920 |
| Pledges and grants receivable | $125,119 |
| 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 | $48,119,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,657,548 |
| Total assets | $56,200,997 |
| Accounts payable and accrued expenses | $21,637 |
| 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 | $8,210,298 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,863,674 |
| Total liabilities | $14,095,609 |
| Net assets without donor restrictions | $33,306,125 |
| Net assets with donor restrictions | $8,799,263 |
| 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 | $56,200,997 |
Grants Awarded
Over the last fiscal year, Finger Lakes Health Foundation Inc has awarded $940,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Geneva, NY PURPOSE: SUPPORT FOR CONSTRUCTION PROJECTS AND PATIENT CARE AND COVID-19 RELATED PROGRAMS | $697,941 |
Penn Yan, NY PURPOSE: SUPPORT FOR CAPITAL NEEDS | $242,674 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Finger Lakes Health Foundation Inc has recieved totaling $21,738.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $11,000 |
Kinney Drugs Foundation Inc Gouverneur, NY PURPOSE: DONATION | $10,000 |
J R Morris Charitable Foundation Inc Dundee, NY PURPOSE: DIRECTLY ASSIST CLIENTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Seneca Foods Foundation Fairport, NY PURPOSE: GENERAL FUNDS | $100 |
Endowment Analysis
| Beg. Balance | $33,737,000 |
| Earnings | $4,616,000 |
| Ending Balance | $38,353,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |