Highland Hospital Foundation Inc
- Assets
- $18.8m
- Revenue
- $1.7m
- Investments
- $2.1m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 08/1973
- Data as of
- 06/2021
- EIN
- 23-7310662
Organization Overview
Highland Hospital Foundation Inc is located in Rochester, NY. The organization was established in 1973. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Highland 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 06/2021, Highland Hospital Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
THE PROVISION OF FUNDRAISING ACTIVITIES AND EVENTS FOR THE BENEFIT OF HIGHLAND HOSPITAL OF ROCHESTER AND OTHER AFFILIATES OF STRONG PARTNERS HEALTH SYSTEM, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS FUNDRAISING ACIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF STRONG PARTNERS HEALTH SYSTEM, INC. AND ITS AFFILIATES. EXAMPLES OF ACTIVITIES CONDUCTED DURING FY2021 INCLUDE THE HIGHLAND HOSPITAL GOLF TOURNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven I Goldstein President & CEO | OfficerTrustee | 1 | $0 |
Mark A Eidlin Vice Chair Of Engagement | OfficerTrustee | 1 | $0 |
Dave Henion Treasurer | OfficerTrustee | 1 | $0 |
Doug Jerum Vice Chair Of Priorities | OfficerTrustee | 1 | $0 |
Dr Nicholas E Nicosia Chairperson | OfficerTrustee | 1 | $0 |
Gina Teresi Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $301,168 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,521 |
| Total Program Service Revenue | $0 |
| Investment income | $289,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $531,964 |
| Net Income from Fundraising Events | $148,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,743,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $643,784 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $21,196 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,030,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,638 |
| Savings and temporary cash investments | $211,556 |
| Pledges and grants receivable | $805,216 |
| 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 | $14,549,665 |
| Investments—other securities | $2,129,583 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,458 |
| Total assets | $18,752,116 |
| 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 | $327,766 |
| Total liabilities | $327,766 |
| Net assets without donor restrictions | $3,355,409 |
| Net assets with donor restrictions | $15,068,941 |
| 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 | $18,752,116 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Highland Hospital Foundation Inc has recieved totaling $9,598.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: DONOR DESIGNATIONS | $5,598 |
Earl W And Hildagunda A Brinkman Private Charitable Fnd 010490 Scottsville, NY PURPOSE: CHARITABLE DONATION | $4,000 |
Endowment Analysis
| Beg. Balance | $3,398,227 |
| Earnings | $447,291 |
| Net Contributions | $300 |
| Ending Balance | $3,845,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Lourdes Cardiology Services Pc Marlton, NJ | $93,350 | $14,562,644 |
Legacy Waterbury Hospital Inc Waterbury, CT | $10,097,657 | $5,007,818 |