The Samaritan Medical Center Foundation Of Northern New York In
- Assets
- $19.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Watertown, NY
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 16-1490523
Organization Overview
The Samaritan Medical Center Foundation Of Northern New York In is located in Watertown, NY. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samaritan Medical Center Foundation Of Northern New York In 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, Samaritan Medical Center Foundation Of Northern New York In generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $656.5k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SAMARITAN MEDICAL CENTER FOUNDATION'S MISSION IS TO RAISE MONIES AND PLANNED GIFTS AND TO ENSURE THE GROWTH OF THE FOUNDATION'S INVESTMENT POLICY TO HELP SUPPORT THE MISSION OF SAMARITAN MEDICAL CENTER AND ITS TAX-EXEMPT AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS FOR SAMARITAN MEDICAL CENTER, SAMARITAN KEEP HOME AND SAMARITAN SUMMIT VILLAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Fipps VP Foundation And Communit | Officer | 40 | $236,855 |
Kimberly Laclair Chair | OfficerTrustee | 1 | $0 |
Dana Keefer Vice Chair | OfficerTrustee | 1 | $0 |
Pamela Murtha-Beyor 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Martel Secretary | OfficerTrustee | 1 | $0 |
John Wheeler Treasurer | OfficerTrustee | 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 | $364,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,398 |
| Total Program Service Revenue | $0 |
| Investment income | $429,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $396,036 |
| Net Income from Fundraising Events | $206,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,395,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $422,968 |
| 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 | $96,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,052 |
| 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 | $89,462 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,152 |
| 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 | $5,689 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $656,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824,374 |
| Savings and temporary cash investments | $2,742,625 |
| Pledges and grants receivable | $965,807 |
| 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 | $16,981 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,939,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,489,042 |
| Accounts payable and accrued expenses | $48,551 |
| 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 | $389,088 |
| Total liabilities | $437,639 |
| Net assets without donor restrictions | $15,406,928 |
| Net assets with donor restrictions | $3,644,475 |
| 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 | $19,489,042 |
Grants Awarded
Over the last fiscal year, The Samaritan Medical Center Foundation Of Northern New York In has awarded $868,175 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, NY PURPOSE: CAPITAL EXPENDITURES | $818,175 |
Watertown, NY PURPOSE: CNA EDUCATION PROGRAM | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Samaritan Medical Center Foundation Of Northern New York In has recieved totaling $31,548.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: PROGRAM SUPPORT | $31,548 |
Endowment Analysis
| Beg. Balance | $3,391,426 |
| Net Contributions | $253,049 |
| Ending Balance | $3,644,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |