Mccullough-Hyde Memorial Hospital Endowment Fund
- Assets
- $17.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, OH
- Founding
- 06/1974
- Data as of
- 06/2022
- EIN
- 23-7374256
Organization Overview
Mccullough-Hyde Memorial Hospital Endowment Fund, operating under the name Mccullough-Hyde Memorial Hospital Foundation, is located in Oxford, OH. The organization was established in 1974. 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. Mccullough-Hyde Memorial 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 06/2022, Mccullough-Hyde Memorial Hospital Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SUPPORT TO MCCULLOUGH-HYDE MEMORIAL HOSPITAL ON AN ANNUAL BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR HOSPITAL BUILDING AND EQUIPMENT: THE FOUNDATION PROVIDED SUPPORT FOR ONGOING BUILDING AND EQUIPMENT NEEDS AT MCCULLOUGH-HYDE MEMORIAL HOSPITAL TO ENSURE MODERN, UP-TO-DATE AND SAFE FACILITIES. FACILITIES UPGRADES RELATED TO THE PUBLIC AREAS OF THE HOSPITAL, LABORATORY, CLINICS, INPATIENT CARE UNIT, EMERGENCY DEPARTMENT, CRITICAL CARE UNIT AND OBSTRUCTS UNIT HAVE RESULTED IN HIGHER QUALITY HEALTHCARE AND SAFETY. ADDITIONAL BUILDING NEEDS RELATED TO THE UPKEEP OF A COMPRESSIVE HOSPITAL WERE ALSO SUPPORTED TO ENSURE THE PHYSICAL STRUCTURE REMAINS VIABLE.
SUPPORT FOR EDUCATIONAL NEEDS: THE FOUNDATION FUNDED ACADEMIC SCHOLARSHIPS AND CONTINUING EDUCATION FOR EMPLOYEES OF MCCULLOUGH-HYDE MEMORIAL HOSPITAL. THE EDUCATIONAL SUPPORT FROM THE FOUNDATION FOCUSED ON GENERAL ACADEMIC ADVANCEMENT (BACHELOR'S DEGREES, MASTER'S DEGREE AND DOCTORATES RELATED TO HEALTHCARE, HEALTHCARE ADMINISTRATION OR OTHER RELATED FIELDS OF STUDY), CERTIFICATIONS (REGISTERED NURSES, LICENSED PRACTICAL NURSES, TECHNICIANS AND OTHER POSITION-SPECIFIC CERTIFICATIONS) AND CONTINUING EDUCATION OPPORTUNITIES (SPECIALIZED TRAINING, SEMINARS, TRAININGS AND CONFERENCES). FOR THE CURRENT YEAR, THIS SUPPORT TOTALED $43,439.IN ADDITION, DURING THE YEAR, THE FOUNDATION ALSO PROVIDED FUNDS TO ASSIST NEEDY PATIENTS OF MCCULLOUGH-HYDE MEMORIAL HOSPITAL COVER HOSPITAL EXPENSES AS WELL AS FUND COMMUNITY HEALTH PROGRAMS FOR THE CITY OF OXFORD AND THE SURROUNDING AREA. FOR THE CURRENT YEAR, THIS SUPPORT TOTALED $17,315.
SUPPORT FOR HEALTH PROGRAMS AND HOSPITAL DEPARTMENTS: THE FOUNDATION PROVIDED SUPPORT FOR HOSPITAL STRATEGIC ADVANCEMENTS AND CURRENT NEEDS THAT SUPPORTED THE COMMUNITIES IN BUTLER COUNTY, OHIO, FRANKLIN COUNTY, INDIANA, PREBLE COUNTY, OHIO, UNION COUNTY, INDIANA AND OTHER NEARBY COMMUNITIES SERVED BY THE HOSPITAL. DURING THE YEAR, THE FOUNDATION FOCUSED ON PROVIDING HOSPITAL DEPARTMENT SUPPORT (SURGERY, RESPIRATORY, LABORATORY, INPATIENT CARE, IMAGING, CARDIAC, ONCOLOGY, PHARMACY, PHYSICAL THERAPY AND OBSTETRICS), EMPLOYEE SUPPORT, PROGRAM SUPPORT (OXFORD FREE CLINIC, COALITION FOR A HEALTHY COMMUNITY, HEALING ARTS AND PRENATAL AND POSTPARTUM EDUCATION), PATIENT SUPPORT (MEDICAL GAP FUNDING, TEMPORARY ASSISTANCE AND EMERGENCY FUNDING) AND HOSPITAL CAPITAL PROJECTS (FACILITY RENOVATIONS, EQUIPMENT PURCHASES AND CLINICAL INNOVATION).
SUPPORT FOR DEVELOPMENT AND COMMUNITY ENGAGEMENT ACTIVITIES TO SUPPORT THE MCCULLOUGH-HYDE MEMORIAL HOSPITAL: THE FOUNDATION REPRESENTS THE INTERESTS OF THE COMMUNITIES SERVED BY MCCULLOUGH-HYDE MEMORIAL HOSPITAL AND SERVES AS A CONDUIT BETWEEN COMMUNITY MEMBERS AND DONORS AND THE HOSPITAL AS IT RELATES TO PHILANTHROPY AND ENGAGEMENT. THE EFFORTS OF THE FOUNDATION OVER THE YEARS HAS PRODUCED AN ENDOWMENT OF $17.8 MILLION, WITH $13.8 MILLION UNRESTRICTED AND $4.0 MILLION DESIGNATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Butterfield Secretary/treasurer | OfficerTrustee | 1 | $0 |
Stephen Flee Trustee | Trustee | 1 | $0 |
Deloris Rome Hudson Trustee | Trustee | 1 | $0 |
Lisa Ciampa Trustee | Trustee | 1 | $0 |
Travis Robinson Trustee | Trustee | 1 | $0 |
Pat Sidley Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trihealth Inc Administrative Support | 6/29/22 | $405,946 |
Baker & Hostetler Llp Legal | 6/29/22 | $125,803 |
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 | $411,245 |
| Noncash contributions included in lines 1a–1f | $25,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,245 |
| Total Program Service Revenue | $0 |
| Investment income | $512,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,068 |
| Net Gain/Loss on Asset Sales | $1,436,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,376,251 |
| 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. | $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 | $364,946 |
| Fees for services: Legal | $125,803 |
| Fees for services: Accounting | $49,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,490 |
| Fees for services: Other | $20,830 |
| Advertising and promotion | $18,142 |
| Office expenses | $14,801 |
| Information technology | $29,502 |
| Royalties | $0 |
| Occupancy | $18,234 |
| Travel | $316 |
| 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 | $4,638 |
| All other expenses | $6,506 |
| Total functional expenses | $2,259,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,578 |
| Pledges and grants receivable | $46,247 |
| 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 | $4,231 |
| Net Land, buildings, and equipment | $261,713 |
| Investments—publicly traded securities | $17,508,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,871,148 |
| Accounts payable and accrued expenses | $660 |
| 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 | $39,165 |
| Total liabilities | $39,825 |
| Net assets without donor restrictions | $13,832,494 |
| Net assets with donor restrictions | $3,998,829 |
| 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 | $17,871,148 |
Grants Awarded
Over the last fiscal year, Mccullough-Hyde Memorial Hospital Endowment Fund has awarded $425,838 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OXFORD FREE CLINIC PURPOSE: HEALTH CLINIC | $5,525 |
MCCULLOUGH-HYDE MEMORIAL HOSPITAL PURPOSE: PATIENT SUPPORT | $420,313 |