Mohawk Valley Health System Foundation
- Assets
- $51.4m
- Revenue
- $35.3m
- Investments
- $31.0m
- Employees
- 0
- Location
- Utica, NY
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 22-3078768
Organization Overview
Mohawk Valley Health System Foundation is located in Utica, NY. The organization was established in 1991. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mohawk Valley Health System 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 12/2021, Mohawk Valley Health System Foundation generated $35.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 1.3% 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.
Since 2014, Mohawk Valley Health System Foundation has awarded 12 individual grants totaling $6,288,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHILANTHROPIC FUNDS FOR THE BENEFIT OF MOHAWK VALLEY HEALTH SYSTEM AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS THROUGH ANNUAL GIVING AND SPECIAL EVENTS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE CAMPAIGN FOR BUILDING OF THE INTEGRATED HEALTH CAMPUS, CHILDREN'S MIRACLE NETWORK MIRACLE HOME MAKEOVER PROJECT, CHILDREN'S MIRACLE NETWORK YEAR LONG FUNDRAISING, STOMP OUT CANCER TELETHON, FOUNDATION GOLF OPEN, PROHIBITION PARTY, LIGHTS OF LOVE AND EMPLOYEE GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Stromstad President CEO | Officer | 2 | $0 |
Lou Aiello Senior VP CFO | Officer | 2 | $0 |
Scott Perra President CEO | Officer | 0 | $0 |
John Forbes VP Philanthropy | Officer | 50 | $0 |
Stephen Teti Director | Trustee | 1 | $0 |
Jim Friedel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $619,209 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,187,951 |
| Noncash contributions included in lines 1a–1f | $450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,807,160 |
| Total Program Service Revenue | $0 |
| Investment income | $573,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $901,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,282,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,191,846 |
| 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 | $375,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,006 |
| Payroll taxes | $27,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $10,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,905 |
| Advertising and promotion | $0 |
| Office expenses | $8,807 |
| Information technology | $34,458 |
| 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 | $210 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,112,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,529,535 |
| Savings and temporary cash investments | $1,426,606 |
| Pledges and grants receivable | $8,108,791 |
| 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 | $70,495 |
| Net Land, buildings, and equipment | $932,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,014,664 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,285,892 |
| Total assets | $51,368,607 |
| Accounts payable and accrued expenses | $314,767 |
| 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 | $187,397 |
| Total liabilities | $502,164 |
| Net assets without donor restrictions | $30,038,165 |
| Net assets with donor restrictions | $20,828,278 |
| 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 | $51,368,607 |
Grants Awarded
Over the last fiscal year, Mohawk Valley Health System Foundation has awarded $1,191,846 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Utica, NY PURPOSE: GENERAL OPERATIONS, RENOVATIONS, EQUIPMENT | $1,092,805 |
Utica, NY PURPOSE: BASIC OPERATIONS, RENOVATIONS AND EQUIPMENT | $71,441 |
SENIOR NETWORK HEALTH PURPOSE: EQUIPMENT, VEHICLE | $27,600 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Mohawk Valley Health System Foundation has recieved totaling $1,230,447.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: CAPITAL, INFRASTRUCTURE - BUILDING, RENOVATIONS, GENERAL SUPPORT, PROGRAM SUPPORT | $698,500 |
Mother Cabrini Health Foundation New York, NY PURPOSE: MOHAWK VALLEY HEALTH PARTNERSHIP TO COMBAT HEART DISEASE | $249,947 |
Indium Corporation And Macartney Family Foundation Inc Naples, FL PURPOSE: GENERAL CONTRIBUTION | $150,000 |
Bank Of Utica Foundation Inc Utica, NY PURPOSE: GENERAL | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $25,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $5,000 |
Endowment Analysis
| Beg. Balance | $15,622,328 |
| Earnings | $255,040 |
| Net Contributions | $5,802,212 |
| Other Expense | $851,302 |
| Ending Balance | $20,828,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |