Lourdes Hospital Foundation Inc
- Assets
- $28.7m
- Revenue
- $712.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 16-1170915
Organization Overview
Lourdes Hospital Foundation Inc is located in Binghamton, NY. The organization was established in 1982. 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. Lourdes 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 06/2022, Lourdes Hospital Foundation Inc generated $712.0k 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 (10.0%) each year. All expenses for the organization totaled $458.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (27.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lourdes Hospital Foundation Inc has awarded 38 individual grants totaling $8,887,816. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOURDES HOSPITAL FOUNDATION SOLICITS CONTRIBUTIONS TO PROVIDE FUNDING FOR OUR LADY OF LOURDES MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOURDES HOSPITAL FOUNDATION SOLICITS CONTRIBUTIONS TO PROVIDE FUNDING TO OUR LADY OF LOURDES MEMORIAL HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'connell President | OfficerTrustee | 40 | $0 |
James Steinmetz MD Member | Trustee | 0.25 | $0 |
Kenneth Elliott Member | Trustee | 0.25 | $0 |
Kathryn Connerton Member | Trustee | 2.5 | $0 |
William Lane Member | Trustee | 0.25 | $0 |
FR Ken Kirkman Member | Trustee | 0.25 | $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 | $453,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,639 |
| Total Program Service Revenue | $0 |
| Investment income | $152,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,366 |
| Net Income from Fundraising Events | $82,168 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $711,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,786 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,325 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,073 |
| Fees for services: Other | $6,875 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,967 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,954 |
| 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 | $1,171 |
| Insurance | $4,350 |
| All other expenses | $7,900 |
| Total functional expenses | $458,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,268 |
| Savings and temporary cash investments | $9,150 |
| Pledges and grants receivable | $140,689 |
| 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 | $1,032 |
| Investments—publicly traded securities | $27,931,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,417 |
| Total assets | $28,705,046 |
| Accounts payable and accrued expenses | $69,549 |
| 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 | $0 |
| Total liabilities | $69,549 |
| Net assets without donor restrictions | $10,466,712 |
| Net assets with donor restrictions | $18,168,785 |
| 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 | $28,705,046 |
Grants Awarded
Over the last fiscal year, Lourdes Hospital Foundation Inc has awarded $64,622 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOURDES HOSPITAL PURPOSE: ONCOLOGY | $15,884 |
LOURDES HOSPITAL PURPOSE: MISCELLANEOUS | $23,784 |
LOURDES HOSPITAL PURPOSE: HOSPICE | $24,954 |