Arnot Ogden Medical Center Foundation Inc
- Assets
- $33.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Elmira, NY
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 16-1109472
Organization Overview
Arnot Ogden Medical Center Foundation Inc is located in Elmira, NY. The organization was established in 1978. 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. Arnot Ogden Medical Center 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, Arnot Ogden Medical Center Foundation Inc generated $1.7m 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 (8.8%) each year. All expenses for the organization totaled $384.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.4%) 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
PROVIDE FINANCIAL SUPPORT TO ARNOT OGDEN MEDICAL CENTER AND ST JOSEPHS HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS. PRIMARILY DONATIONS MADE FOR A SPECIFIC PURPOSE BY THE DONOR THAT ARE SUBSEQUENTLY RELEASED FROM RESTRICTION WHEN GIVEN TO THE ARNOT OGDEN MEDICAL CENTER OR ST. JOSEPH'S HOSPITAL FOR THE INTENDED DONORS REQUEST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Panosian Secretary | OfficerTrustee | 1 | $0 |
Jonathan Lawrence Arnot Health President & CEO | Officer | 1 | $0 |
Steven Heneghan Chief Medical Officer | Officer | 1 | $0 |
Mike Lares Chair | Trustee | 1 | $0 |
Ernest Hartman Past Chair | Trustee | 1 | $0 |
Julie Delgrosso Vice Chair | 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 | $371,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,975 |
| Total Program Service Revenue | $0 |
| Investment income | $186,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $243,156 |
| Net Gain/Loss on Asset Sales | $936,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,737,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,139 |
| Grants and other assistance to domestic individuals. | $88,799 |
| 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 | $0 |
| Other employee benefits | $0 |
| 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 | $5,025 |
| Fees for services: Other | $1,156 |
| Advertising and promotion | $1,355 |
| Office expenses | $942 |
| Information technology | $26,006 |
| Royalties | $0 |
| Occupancy | $8,324 |
| Travel | $139 |
| 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 | $86,088 |
| Depreciation, depletion, and amortization | $69,587 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $384,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,335,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $268,917 |
| Accounts receivable, net | $2,101 |
| 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 | $10,126 |
| Net Land, buildings, and equipment | $1,044,785 |
| Investments—publicly traded securities | $28,053,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $813,778 |
| Total assets | $33,528,865 |
| Accounts payable and accrued expenses | $56,227 |
| 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 | $375,251 |
| Total liabilities | $431,478 |
| Net assets without donor restrictions | $25,354,969 |
| Net assets with donor restrictions | $7,742,418 |
| 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 | $33,528,865 |
Grants Awarded
Over the last fiscal year, Arnot Ogden Medical Center Foundation Inc has awarded $2,068,029 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Elmira, NY PURPOSE: EQUIPMENT PURCHASES AND GRANT FUNDING FOR DEPARTMENT EDUCATION AND OPERATIONS. | $2,045,372 |
Elmira, NY PURPOSE: EQUIPMENT PURCHASES | $22,657 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arnot Ogden Medical Center Foundation Inc has recieved totaling $11,200.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elmira Corning And The Finger Lakes Horseheads, NY PURPOSE: HEALTH MEETS HOME; GENERAL OPERATING SUPPORT; CLASSROOM GRANT | $11,200 |
Endowment Analysis
| Beg. Balance | $6,775,348 |
| Earnings | $691,563 |
| Net Contributions | $428,706 |
| Other Expense | $153,199 |
| Ending Balance | $7,742,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |