F F Thompson Hospital Foundation Inc
- Assets
- $20.1m
- Revenue
- $4.5m
- Investments
- $13.5m
- Employees
- 6
- Location
- Canandaigua, NY
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 22-2959984
Organization Overview
F F Thompson Hospital Foundation Inc is located in Canandaigua, NY. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, F F Thompson Hospital Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. F F Thompson 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, F F Thompson Hospital Foundation Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 4.1% 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
F.F. THOMPSON FOUNDATION, INC., A NOT-FOR-PROFIT CORPORATION, IS COMMITTED TO ACHIEVING PHILANTHROPIC SUPPORT FOR THE SERVICES AND PRIORITY NEEDS OF THE F F THOMPSON HEALTH SYSTEM AND ITS AFFILIATED TAX-EXEMPT CORPORATIONS AND TO OVERSEEING THE MANAGEMENT OF RESTRICTED AND UNRESTRICTED FUNDS OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED COMMUNITY HEALTH GRANTS TO LOCAL ORGANIZATIONS IN 2021. THE APPLICANTS MUST MEET THE FOLLOWING CRITERIA: BENEFIT HEALTH STATUS OF THE COMMUNITY, PLANNED GOAL WITH TIME FRAME, AND COMMITMENT TO COMMUNITY PARTNERING. (16 GRANTS AWARDED)
THE FOUNDATION OPERATES TO PROVIDE FUNDS FOR THE BENEFIT OF THE FF THOMPSON HEALTH SYSTEM, HOSPITAL, SENIOR COMMUNITIES, AND CONTINUING CARE CENTER. THE FOUNDATION SOLICITS, ACCEPTS, HOLDS, INVESTS, AND ADMINISTERS FUNDS AND USES THE INCOME AND PRINCIPAL THEREOF FOR THE FOREGOING PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Schneiter Director Development And Corporate Communications | 30 | $57,675 | |
Mark F Prunoske Sr VP Finance/cfo | OfficerTrustee | 1 | $0 |
Michael F Stapleton Jr President/ceo | OfficerTrustee | 1 | $0 |
Dale Hunt Chair | OfficerTrustee | 0.5 | $0 |
Lauren M Dixon Secretary | OfficerTrustee | 0.5 | $0 |
Wade A Sarkis Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,752 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,598,097 |
| Noncash contributions included in lines 1a–1f | $7,717 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,675,849 |
| Total Program Service Revenue | $0 |
| Investment income | $101,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $738,248 |
| Net Income from Fundraising Events | -$22,201 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,493,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,983 |
| 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 | $173,778 |
| Pension plan accruals and contributions | $5,776 |
| Other employee benefits | $18,326 |
| Payroll taxes | $11,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $26,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,053 |
| Advertising and promotion | $3,244 |
| Office expenses | $17,086 |
| Information technology | $1,502 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,550 |
| Interest | $0 |
| Payments to affiliates | $3,725,659 |
| Depreciation, depletion, and amortization | $49 |
| Insurance | $167 |
| All other expenses | $21,065 |
| Total functional expenses | $4,238,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,120 |
| Savings and temporary cash investments | $3,653,974 |
| Pledges and grants receivable | $519,699 |
| Accounts receivable, net | $61,461 |
| 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 | $1,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,547,495 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,433,418 |
| Total assets | $20,090,616 |
| Accounts payable and accrued expenses | $14,023 |
| 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 | $1,326,182 |
| Total liabilities | $1,340,205 |
| Net assets without donor restrictions | $13,630,091 |
| Net assets with donor restrictions | $5,120,320 |
| 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 | $20,090,616 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that F F Thompson Hospital Foundation Inc has recieved totaling $77,548.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: UNRESTRICTED - GENERAL | | $49,996 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: DONOR DESIGNATIONS | $17,956 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,500 |
Elf Foundation Buffalo, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Melvin And Mildred Eggers Family Charitable Foundation Rochester, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Endowment Analysis
| Beg. Balance | $11,445,637 |
| Earnings | $2,564,889 |
| Other Expense | $463,031 |
| Ending Balance | $13,547,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |