Androscoggin Valley Hospital Foundation
- Assets
- $3.5m
- Revenue
- $237.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Berlin, NH
- Founding
- 07/1990
- Data as of
- 09/2021
- EIN
- 22-3035216
Organization Overview
Androscoggin Valley Hospital Foundation is located in Berlin, NH. The organization was established in 1990. 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. Androscoggin Valley Hospital 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 09/2021, Androscoggin Valley Hospital Foundation generated $237.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $89.4k during the year ending 09/2021. 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
TO PROVIDE ASSET MANAGEMENT AND FINANCIAL SUPPORT TO ANDROSCOGGIN VALLEY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSET MANAGEMENT AND FINANCIAL SUPPORT TO ANDROSCOGGIN VALLEY HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mccue Treasurer | OfficerTrustee | 0.5 | $0 |
Pamela Laflamme Vice Chair | OfficerTrustee | 0.5 | $0 |
Mark Kelly Chairman | OfficerTrustee | 0.5 | $0 |
Michael Peterson President | OfficerTrustee | 0.5 | $0 |
Richard Werkowski Interim CFO | Officer | 1 | $0 |
Matthew Streeter CFO | Officer | 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 | $4,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,971 |
| Total Program Service Revenue | $0 |
| Investment income | $46,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,100 |
| Grants and other assistance to domestic individuals. | $15,909 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,868 |
| 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 | $12,525 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $89,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,859 |
| 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 | $3,404,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,476,006 |
| 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 | $101,406 |
| Total liabilities | $101,406 |
| Net assets without donor restrictions | $3,330,838 |
| Net assets with donor restrictions | $43,762 |
| 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 | $3,476,006 |
Grants Awarded
Over the last fiscal year, Androscoggin Valley Hospital Foundation has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Berlin, NH PURPOSE: Support Local Community Health & Wellness funds. | $40,000 |
Whitefield, NH PURPOSE: Support Health Van | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Androscoggin Valley Hospital Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: to support the formation of a Community Care Organization | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Cheshire Health Foundation Keene, NH | $78,781,807 | $12,306,567 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Concord Hospital Trust Concord, NH | $67,334,634 | $6,367,330 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA | $2,272,182 | $1,008,171 |
Capital Region Health Care Development Corporation Concord, NH | $21,495,479 | $4,517,739 |
International Brotherhood Of Elect Workers 300 Health & Welfare Tr South Burlington, VT | $3,376,422 | $3,830,044 |
Mmc Realty Corp Portland, ME | $43,663,674 | $5,719,456 |
Beth Israel Anaesthesia Foundation Inc Boston, MA | $13,782,787 | $6,089,930 |
Wcs One Innovation Drive Inc Shrewsbury, MA | $17,931,341 | $4,255,091 |
Conservation Food And Health Foundation Inc Boston, MA | $11,914,586 | $2,806,232 |