Chenango Memorial Hospital Foundation Inc
- Assets
- $8.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 16-1290725
Organization Overview
Chenango Memorial Hospital Foundation Inc is located in Norwich, NY. The organization was established in 1988. 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. Chenango Memorial 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 12/2021, Chenango Memorial Hospital Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $913.0k during the year ending 12/2021. 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
CHENANGO MEMORIAL HOSPITAL FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO PROVIDE FUNDS FOR THE IMPROVEMENT OF PATIENT CARE AT CHENANGO MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS FOR THE IMPROVEMENT OF PATIENT CARE AT CHENANGO MEMORIAL HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John R Brerton Trustee | OfficerTrustee | 0.25 | $0 |
Brian A Voss Treas/sect | OfficerTrustee | 0.25 | $0 |
Kelly Collins-Colosi Vice Chairman | OfficerTrustee | 0.25 | $0 |
Todd Anderson Chairman | OfficerTrustee | 0.25 | $0 |
Melissa Stagnaro Executive Dir. | Officer | 10 | $0 |
Deborah Cassavaugh Trustee | Officer | 10 | $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 | $648,220 |
| Noncash contributions included in lines 1a–1f | $69,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,220 |
| Total Program Service Revenue | $0 |
| Investment income | $157,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $327,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $7,424 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,141,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $864,466 |
| 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 | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,331 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $225 |
| Total functional expenses | $913,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $308,625 |
| Pledges and grants receivable | $1,671,638 |
| 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 | $6,227,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,207,595 |
| 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 | $367,384 |
| Total liabilities | $367,384 |
| Net assets without donor restrictions | $6,168,573 |
| Net assets with donor restrictions | $1,671,638 |
| 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 | $8,207,595 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chenango Memorial Hospital Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Greater Norwich Foundation Norwich, NY PURPOSE: GENERAL OPERATING | $100,000 |
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 |