Middlesex Health System Inc
- Assets
- $14.6k
- Revenue
- $994.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Middletown, CT
- Founding
- 02/1987
- Data as of
- 09/2023
- EIN
- 22-2676137
Organization Overview
Middlesex Health System Inc is located in Middletown, CT. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Middlesex Health System Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlesex Health System 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, Middlesex Health System Inc generated $994.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. 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
PARENT OF AND PROVIDES FUNDRAISING FOR MIDDLESEX HOSPITAL. (CONTINUED ON SCHEDULE O)THE ORGANIZATION IS THE PARENT COMPANY OF MIDDLESEX HOSPITAL AND ITS AFFILIATED ENTITIES AND ALSO PROVIDES FUNDRAISING SERVICES TO THE EXEMPT ORGANIZATIONS, WHICH WERE ESTABLISHED TO PROVIDE HIGH QUALITY HEALTH SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLESEX HEALTH SYSTEM, INC. MANAGES THE FUNDRAISING ACTIVITIES OF MIDDLESEX HOSPITAL. IT PROMOTES THE DEVELOPMENT OF COMPREHENSIVE HEALTHCARE RELATED SERVICES THROUGH MANAGEMENT OF FUNDRAISING ACTIVITIES.
MIDDLESEX HEALTH IS THE STATE'S FIRST MEMBER OF THE MAYO CLINIC CARE NETWORK. THIS MEANS THAT OUR TEAM OF EXPERTS IS WORKING TOGETHER WITH MAYO CLINIC SPECIALISTS ON YOUR BEHALF - SHARING THE LATEST LIFESAVING RESEARCH, JOINING FORCES TO RESOLVE THE MOST COMPLEX CASES, AND BRINGING THE WORLD'S MOST ADVANCED MEDICAL KNOWLEDGE HERE TO CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Capece Jr President/ceo | OfficerTrustee | 1 | $0 |
Chandler J Howard Vice Chairman | OfficerTrustee | 1 | $0 |
Jonathan D Levine MD Secretary | OfficerTrustee | 1 | $0 |
Mark D Lorenze Asst. Secretary | OfficerTrustee | 1 | $0 |
Bruce S Macmillian Director (left 9/30/2023) | Trustee | 1 | $0 |
David C Benoit Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $994,467 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $994,467 |
| 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. | $26,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,326 |
| Pension plan accruals and contributions | $15,455 |
| Other employee benefits | $74,756 |
| Payroll taxes | $29,790 |
| Fees for services: Management | $6,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $866,638 |
| Advertising and promotion | $0 |
| Office expenses | $40,785 |
| Information technology | $263 |
| Royalties | $0 |
| Occupancy | $12,862 |
| Travel | $4,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,300 |
| All other expenses | $1,193 |
| Total functional expenses | $1,633,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,592 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $14,592 |
| Net assets with donor restrictions | $0 |
| 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 | $14,592 |