Mount St Marys Hospital Foundation Inc
- Assets
- $16.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 16-1360884
Organization Overview
Mount St Marys Hospital Foundation Inc is located in Buffalo, NY. The organization was established in 1994. 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. Mount St Marys 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, Mount St Marys Hospital Foundation Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $943.7k 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
SEE MISSION IN SCHEDULE OTHE MOUNT ST. MARY'S HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501( C) 3 CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF MOUNT ST. MARY'S HOSPITAL IN LEWISTON, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDS FOR CAPITAL RENOVATIONS AND EQUIPMENT PURCHASES TO ENSURE THAT OUR CLINICAL CAREGIVERS HAVE ACCESS TO UP-TO-DATE FACILITIES AND STATE -OF -THE-ART TECHNOLOGY.
MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION AND MEDICAL EDUCATION FOR PHYSICIANS INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES AT CONFERENCES. THE FOUNDATION SERVED AS AN IMPORTANT VEHICLE FOR NURSES WEEK AND BREAST HEALTH AWARENESS WEEK. THE FOUNDATION SUPPORTED WORKPLACE SPIRITUALITY THROUGH SUPPORT OF THE PASTORAL CARE PROGRAM, MAINTAINED FUNDS TO SUPPORT SPIRITUAL CARE AND SPONSORED A VARIETY OF COMMUNITY EVENTS EACH YEAR TO PROMOTE AWARENESS OF HEALTH-RELATED ISSUES.
MOUNT ST. MARY'S HOSPITAL FOUNDATION SERVED AN IMPORTANT ROLE IN THE COMMUNITY PROVIDING A WIDE RANGE OF SERVICES TO ADDRESS MANY LEVELS OF CARE BY SUPPORTING THE NEIGHBORHOOD FAMILY CARE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Berrigan Executive Director | Trustee | 55 | $89,305 |
Joseph Ieraci Chairman | OfficerTrustee | 0 | $0 |
Anthony Eugeni Vice Chairman | OfficerTrustee | 0 | $0 |
Robert Ingrasci Treasurer | OfficerTrustee | 0 | $0 |
Charles J Urlaub President & CEO Msm | Trustee | 0 | $0 |
Mark A Sullivan Pres & CEO Chs | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,377 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,544,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,561,448 |
| Total Program Service Revenue | $0 |
| Investment income | $101,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $799,940 |
| Net Income from Fundraising Events | $35,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,498,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,817 |
| 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. | $117,826 |
| Compensation of current officers, directors, key employees. | $23,565 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,130 |
| Pension plan accruals and contributions | $5,609 |
| Other employee benefits | $38,986 |
| Payroll taxes | $10,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,540 |
| Fees for services: Other | $2,263 |
| Advertising and promotion | $2,470 |
| Office expenses | $914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,321 |
| 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 | $1,457 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $943,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,772,266 |
| Savings and temporary cash investments | $5,069,445 |
| Pledges and grants receivable | $1,785,074 |
| Accounts receivable, net | $1,100 |
| 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 | $274 |
| Net Land, buildings, and equipment | $5,269 |
| Investments—publicly traded securities | $7,588,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $510 |
| Total assets | $16,222,385 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,069,445 |
| Deferred revenue | $89,878 |
| 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 | $258,823 |
| Total liabilities | $5,418,146 |
| Net assets without donor restrictions | $5,729,318 |
| Net assets with donor restrictions | $5,074,921 |
| 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 | $16,222,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount St Marys Hospital Foundation Inc has recieved totaling $19,243.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: LOCKPORT MEMORIAL HOSPITAL | $19,243 |
Endowment Analysis
| Beg. Balance | $92,520 |
| Earnings | $333 |
| Ending Balance | $92,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Jeanes Hospital Philadelphia, PA | $0 | $90,864,313 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Lehigh Valley Hospital - Coordinated Health Allentown Allentown, PA | $172,900,540 | $112,544,100 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |
Aurelia Osborn Fox Memorial Hospital Society Oneonta, NY | $63,274,804 | $82,131,187 |
Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |