Bristol Hospital Development Foundation Inc
- Assets
- $7.6m
- Revenue
- $992.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Bristol, CT
- Founding
- 03/1985
- Data as of
- 09/2023
- EIN
- 22-2577740
Organization Overview
Bristol Hospital Development Foundation Inc is located in Bristol, CT. The organization was established in 1985. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Bristol Hospital Development Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Hospital Development 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 09/2023, Bristol Hospital Development Foundation Inc generated $992.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $278.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDRAISING AND FINANCIAL SUPPORT FOR THE BRISTOL HOSPITAL AND HEALTH CARE GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRISTOL HOSPITAL DEVELOPMENT FOUNDATION MAINTAINS FOR BRISTOL HOSPITAL AND HEALTH CARE GROUP A COMPREHENSIVE PROGRAM SEEKING PHILANTHROPIC DONATIONS FROM INDIVIDUALS, BUSINESSES/CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS THROUGH FOUR PRINCIPAL ACTIVITIES:1) PROCUREMENT OF CAPITAL AND MAJOR GIFTS THROUGH PERIODIC CAMPAIGNS AND PROGRAMS TO ADDRESS SIGNIFICANT NEW CAPITAL AND PROGRAM NEEDS;2) PROCUREMENT OF ANNUAL GIFTS THROUGH DIRECT MAIL, MEMBERSHIP ENROLLMENT AND OTHER BROAD-BASED FUNDRAISING TECHNIQUES TO ADDRESS SHORT-TERM CAPITAL AND PROGRAM NEEDS;3) CONDUCT SPECIAL EVENTS TO INVOLVE COMMUNITY MEMBERS, SOLIDIFY AND ENHANCE DONOR RELATIONSHIPS AND PROMOTE THE CHARITABLE PURPOSES OF THE BRISTOL HOSPITAL DEVELOPMENT FOUNDATION;4) PROCUREMENT OF PLANNED GIFTS AND PROMOTION OF CHARITABLE ESTATE PLANNING TO BUILD ENDOWMENT FOR LONG-RANGE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Barwis President & CEO | OfficerTrustee | 2 | $0 |
Glenn Heiser Chairman Of The Board | OfficerTrustee | 2 | $0 |
John Lodovico Jr Vice Chairman | OfficerTrustee | 2 | $0 |
Louis Auletta Jr Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Liran Blum MD Director / Physician | Trustee | 2 | $0 |
Rupalini Rawal-Dhingra MD Medical Staff Representative | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,535 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,311 |
| Noncash contributions included in lines 1a–1f | $68,746 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $858,846 |
| Total Program Service Revenue | $0 |
| Investment income | $163,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,896 |
| Net Income from Gaming Activities | $6,200 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $77,918 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,634 |
| Payroll taxes | $19 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,820 |
| Fees for services: Other | $21,252 |
| Advertising and promotion | $8,130 |
| Office expenses | $6,283 |
| Information technology | $14,039 |
| Royalties | $0 |
| Occupancy | $6,000 |
| 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 | $146 |
| Total functional expenses | $278,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $172,741 |
| 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 | $10,896 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,953,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,780 |
| Total assets | $7,644,232 |
| Accounts payable and accrued expenses | $1,358,327 |
| 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 | $1,358,327 |
| Net assets without donor restrictions | $4,924,981 |
| Net assets with donor restrictions | $1,360,924 |
| 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 | $7,644,232 |