Concord Hospital Trust
- Assets
- $67.3m
- Revenue
- $6.4m
- Investments
- $39.9m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 09/2008
- Data as of
- 09/2021
- EIN
- 26-0378710
Organization Overview
Concord Hospital Trust is located in Concord, NH. The organization was established in 2008. 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. Concord Hospital Trust 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, Concord Hospital Trust generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $5.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Concord Hospital Trust has awarded 50 individual grants totaling $32,232,227. 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
CONCORD HOSPITAL TRUST SERVES AS THE PHILANTHROPIC ARM OF CONCORD HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVAILABLE ENDOWMENT MONIES AND FUNDS RAISED THROUGH THE CONCORD HOSPITAL TRUST'S ANNUAL, PLANNED AND SPECIAL GIFTS INITIATIVES SUPPORTED A MYRIAD OF PROGRAMS AND SERVICES TO MEET THE NEEDS OF OUR COMMUNITY MEMBERS. THE BULK OF PHILANTHROPIC FUNDS WERE DIRECTED TOWARD: CHARITABLE CARE; OPERATING SUPPORT FOR NUMEROUS SUBSIDIZED COMMUNITY BENEFIT PROGRAMS, LIKE THE FAMILY HEALTH CENTER AND EMERGENCY BEHAVIORAL HEALTH SERVICES; CANCER CARE SERVICES; AND MEDICAL TECHNOLOGY, INCLUDING STATE-OF-THE-ART EQUIPMENT FOR THE PAYSON CANCER CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert P Steigmeyer President & CEO | OfficerTrustee | 1 | $0 |
Ronald Yap MD Immediate Past Chair | OfficerTrustee | 1 | $0 |
Claudia Walker Immediate Past Chair (part Year) | OfficerTrustee | 1 | $0 |
Charles Fanaras Chair | OfficerTrustee | 1 | $0 |
Muriel Schadee CPA Vice Chair | OfficerTrustee | 1 | $0 |
Richard Pitman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $590,052 |
| Related organizations | $0 |
| Government grants | $14,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,470,774 |
| Noncash contributions included in lines 1a–1f | $90,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,075,526 |
| Total Program Service Revenue | $0 |
| Investment income | $1,314,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,008,018 |
| Net Income from Fundraising Events | -$39,274 |
| Net Income from Gaming Activities | $8,225 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,367,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,295,084 |
| Grants and other assistance to domestic individuals. | $167,251 |
| 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 | $158,899 |
| Fees for services: Other | $883,695 |
| Advertising and promotion | $4,328 |
| Office expenses | $80,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,310 |
| Travel | $5,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,645,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $85,948 |
| 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 | $49,108 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,071,005 |
| Investments—other securities | $39,853,365 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,275,208 |
| Total assets | $67,334,634 |
| Accounts payable and accrued expenses | $5,302 |
| 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 | $5,713,567 |
| Total liabilities | $5,718,869 |
| Net assets without donor restrictions | $15,619,251 |
| Net assets with donor restrictions | $45,996,514 |
| 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 | $67,334,634 |
Grants Awarded
Over the last fiscal year, Concord Hospital Trust has awarded $4,290,484 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Concord, NH PURPOSE: General support. | $4,240,384 |
CONCORD SCHOOL DISTRICT PURPOSE: To fund family center programming and services. | $20,000 |
Antrim, NH PURPOSE: To support parent-child playgroups, home visiting services, and area resources groups. | $10,000 |
Concord, NH PURPOSE: Fund education services for parents of deaf/hard of hearing infants. | $7,600 |
Concord, NH PURPOSE: Child and parent programs; child play groups; home healthcare; area resource groups. | $7,500 |
Concord, NH PURPOSE: To provide financial support for homeless families. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Concord Hospital Trust has recieved totaling $27,700.
| Awarding Organization | Amount |
|---|---|
Foss Family Foundation Concord, NH PURPOSE: GEN'L SUPPORT | $25,000 |
Merrimack County Savings Bank Foundation Concord, NH PURPOSE: SUPPORT FOR SUBSTANCE-EXPOSED NEWBOR | $2,700 |
Endowment Analysis
| Beg. Balance | $52,323,155 |
| Earnings | $9,514,980 |
| Admin Expense | $158,899 |
| Net Contributions | $5,349,086 |
| Other Expense | $950,219 |
| Grants | $4,462,335 |
| Ending Balance | $61,615,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
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 |