Canton-Potsdam Hospital Foundation Inc
- Assets
- $30.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Potsdam, NY
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 16-1279472
Organization Overview
Canton-Potsdam Hospital Foundation Inc is located in Potsdam, NY. The organization was established in 1987. 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. Canton-Potsdam 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 12/2022, Canton-Potsdam Hospital Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $618.1k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS MADE ON BEHALF OF CANTON-POTSDAM HOSPITAL, GOUVERNEUR HOSPITAL, AND MASSENA HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF GIFTS MADE TO THE ST. LAWRENCE HEALTH FOUNDATION FOR THE BENEFIT OF THE AFFILIATED HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Fitzsimonns Chair Of The Board | OfficerTrustee | 1 | $0 |
Nancy Griffin Secretary | OfficerTrustee | 1 | $0 |
Brooks Washburn Vice Chair | OfficerTrustee | 1 | $0 |
Angela Gray Treasurer | OfficerTrustee | 1 | $0 |
Ryan Niles Director | Trustee | 1 | $0 |
Mary Ann Healey Director | 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 | $376,194 |
| Noncash contributions included in lines 1a–1f | $540 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,194 |
| Total Program Service Revenue | $0 |
| Investment income | $525,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $228,699 |
| Net Gain/Loss on Asset Sales | $533,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,663,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,495 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $143,343 |
| Fees for services: Other | $396,982 |
| Advertising and promotion | $0 |
| Office expenses | $9,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,392 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $968 |
| Insurance | $7,500 |
| All other expenses | $6,241 |
| Total functional expenses | $618,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $18,829 |
| Net Land, buildings, and equipment | $7,047,782 |
| Investments—publicly traded securities | $22,210,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,975 |
| Total assets | $30,633,797 |
| Accounts payable and accrued expenses | $119,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,870,000 |
| 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 | $550,320 |
| Total liabilities | $2,539,948 |
| Net assets without donor restrictions | $27,963,849 |
| Net assets with donor restrictions | $130,000 |
| 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 | $30,633,797 |