Massena Memorial Hospital Foundation Inc
- Assets
- $2.2m
- Revenue
- $319.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Massena, NY
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 22-2586307
Organization Overview
Massena Memorial Hospital Foundation Inc is located in Massena, NY. 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 12/2021, Massena Memorial Hospital Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massena 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, Massena Memorial Hospital Foundation Inc generated $319.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $215.9k during the year ending 12/2021. While expenses have increased by 0.8% 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
PROVIDE FINANCIAL SUPPORT TO MASSENA HOSPITAL AND OPPORTUNITIES FOR THE COMMUNITIES WELLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO HOSPITAL
GRANTS GIVEN TO LOCAL PUBLIC SCHOOLS FOR THEIR MINDFULNESS PROGRAM
SUPPORT PROVIDED TO THE EMPLOYEES AND STAFF OF THE HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Rose Executive Director | Officer | 37.5 | $63,600 |
Mark Saltsman Vice President | OfficerTrustee | 1 | $0 |
Mark Bogdan Treasurer | OfficerTrustee | 2 | $0 |
Amy Page President | OfficerTrustee | 2 | $0 |
Chad Green Secretary | OfficerTrustee | 1 | $0 |
Allison Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,072 |
| Total Program Service Revenue | $0 |
| Investment income | $43,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,937 |
| Net Income from Fundraising Events | $36,105 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,262 |
| Grants and other assistance to domestic individuals. | $4,350 |
| 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 | $63,600 |
| Other salaries and wages | $24,991 |
| Pension plan accruals and contributions | $1,883 |
| Other employee benefits | $3,000 |
| Payroll taxes | $7,306 |
| 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 | $8,070 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,237 |
| Office expenses | $2,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,456 |
| Travel | $136 |
| 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 | $2,022 |
| All other expenses | $0 |
| Total functional expenses | $215,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,926 |
| Savings and temporary cash investments | $54,459 |
| Pledges and grants receivable | $26,581 |
| 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 | $2,037,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,186,602 |
| Accounts payable and accrued expenses | $3,520 |
| 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 | $29,520 |
| Total liabilities | $33,040 |
| Net assets without donor restrictions | $1,430,321 |
| Net assets with donor restrictions | $723,241 |
| 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 | $2,186,602 |
Grants Awarded
Over the last fiscal year, Massena Memorial Hospital Foundation Inc has awarded $80,262 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Massena, NY PURPOSE: SUPPORT | $70,000 |
MASSENA CENTRAL SCHOOL PURPOSE: MINDFULNESS PROGRAM | $5,262 |
BRASHER FALLS CENTRAL SCHOOL PURPOSE: MINDFULNESS PRIGRAM | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Massena Memorial Hospital Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
St Lawrence County Cancer Fund Inc Canton, NY PURPOSE: Cancer treatment/prevention | $6,000 |
Kinney Drugs Foundation Inc Gouverneur, NY PURPOSE: SPONSORSHIP OF ANNUAL GOLF TOURNAMENT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,551,496 |
| Earnings | $252,924 |
| Admin Expense | $8,071 |
| Other Expense | $80,000 |
| Ending Balance | $1,716,349 |
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 |