Danbury Hospital & New Milford Hospital Foundation Inc is located in Danbury, CT. The organization was established in 1975. 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. Danbury Hospital & New Milford 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 09/2023, Danbury Hospital & New Milford Hospital Foundation Inc generated $14.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $15.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Danbury Hospital & New Milford Hospital Foundation Inc has awarded 26 individual grants totaling $31,822,814. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS, REINVEST AND ADMINISTER THESE FUNDS AND MAKE DISTRIBUTIONS TO DANBURY AND NEW MILFORD HOSPITALS AND OTHER NOT-FOR-PROFIT HEALTH CARE AFFILIATES.
Describe the Organization's Program Activity:
DANBURY HOSPITAL AND NEW MILFORD HOSPITAL FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION LOCATED IN DANBURY, CONNECTICUT. IT WAS ORGANIZED AS A NON-STOCK CORPORATION UNDER THE LAWS OF CONNECTICUT FOR THE PURPOSE OF SOLICITING, RECEIVING, HOLDING, INVESTING AND ADMINISTERING CONTRIBUTIONS ON BEHALF OF THE DANBURY HOSPITAL, NEW MILFORD HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE AFFILIATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director (to 12/31) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 01/01) | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director (from 01/01) | Trustee | 0.5 | $0 |
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 | $8,023,743 |
Noncash contributions included in lines 1a–1f | $309,979 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,023,743 |
Total Program Service Revenue | $5,215,286 |
Investment income | $597,079 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $260,743 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$50,048 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,046,841 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,996,849 |
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 | $4,606,299 |
Pension plan accruals and contributions | $253,824 |
Other employee benefits | $369,291 |
Payroll taxes | $310,385 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,096 |
Fees for services: Accounting | $12,466 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $72,539 |
Fees for services: Other | $256,005 |
Advertising and promotion | $119,865 |
Office expenses | $539,165 |
Information technology | $75,082 |
Royalties | $0 |
Occupancy | $189,835 |
Travel | $18,911 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,174 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $76,003 |
Insurance | $6,514 |
All other expenses | $0 |
Total functional expenses | $15,338,542 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,622,670 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $10,093,481 |
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 | $932,265 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,651,869 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $148,213,255 |
Total assets | $165,513,540 |
Accounts payable and accrued expenses | $199,354 |
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 | $3,669,951 |
Total liabilities | $3,869,305 |
Net assets without donor restrictions | $52,827,557 |
Net assets with donor restrictions | $108,816,678 |
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 | $165,513,540 |
Over the last fiscal year, Danbury Hospital & New Milford Hospital Foundation Inc has awarded $7,992,628 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
DANBURY HOSPITAL PURPOSE: OPERATIONAL SUPPORT | $5,572,789 |
NUVANCE HEALTH MEDICAL PRACTICE CT INC PURPOSE: OPERATIONAL SUPPORT | $918,522 |
NUVANCE HEALTH PURPOSE: OPERATIONAL SUPPORT | $727,140 |
HEALTH QUEST SYSTEMS INC PURPOSE: OPERATIONAL SUPPORT | $238,829 |
NORWALK HOSPITAL ASSOCIATION PURPOSE: OPERATIONAL SUPPORT | $149,500 |
WESTERN CONNECTICUT HEALTH NETWORK INC PURPOSE: OPERATIONAL SUPPORT | $140,219 |