Claxton-Hepburn Medical Center Foundation
- Assets
- $13.4m
- Revenue
- $1.0m
- Investments
- $3.6m
- Employees
- 0
- Location
- Ogdensburg, NY
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 22-2488389
Organization Overview
Claxton-Hepburn Medical Center Foundation is located in Ogdensburg, NY. The organization was established in 1984. 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. Claxton-Hepburn Medical Center Foundation 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, Claxton-Hepburn Medical Center Foundation generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. 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
TO PROVIDE FINANCIAL SUPPORT TO THE CLAXTON-HEPBURN MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPED TO RAISE FUNDS TO SUPPORT THE DONATION OF NEW AND RENOVATED HEALTHCARE FACILITIES TO CLAXTON-HEPBURN MEDICAL CENTER (THE MEDICAL CENTER). DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2022, THE FOUNDATION SUPPORTED THE MEDICAL CENTER THROUGH EXTENDING A $3.5 MILLION LINE OF CREDIT, GUARANTEEING $5.2 MILLION IN EXTERNAL THIRD PARTY LOANS FOR THE MEDICAL CENTER, AND CONTRIBUTING $137,000 TO THE MEDICAL CENTER TO SUPPORT THEIR INITIATIVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Piche Chair | OfficerTrustee | 1 | $0 |
William A Flynn Vice Chair | OfficerTrustee | 1 | $0 |
Marcia L Lemay ESQ Treasurer | OfficerTrustee | 1 | $0 |
Courtney Bloodough Board Member | Trustee | 1 | $0 |
Sherin C Cunningham Board Member | Trustee | 1 | $0 |
Mary Edwards Board Member | 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 | $425,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,960 |
| Total Program Service Revenue | $0 |
| Investment income | $398,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,038,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,403 |
| 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. | $92,395 |
| Compensation of current officers, directors, key employees. | $23,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $353 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,652 |
| Fees for services: Other | $8,408 |
| Advertising and promotion | $10,503 |
| Office expenses | $15,401 |
| 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 | $4,379 |
| All other expenses | $0 |
| Total functional expenses | $4,996,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $157,609 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,076,118 |
| Investments—other securities | $3,637,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,432,288 |
| Accounts payable and accrued expenses | $59,580 |
| 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 | $59,580 |
| Net assets without donor restrictions | $10,248,314 |
| Net assets with donor restrictions | $3,124,394 |
| 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 | $13,432,288 |