Concord Hospital Trust
- Assets
- $59.1m
- Revenue
- $12.3m
- Investments
- $35.8m
- Employees
- 0
- Location
- Concord, NH
- Founding
- 09/2008
- Data as of
- 09/2023
- 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 09/2023, Concord Hospital Trust generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $16.0m during the year ending 09/2023. While expenses have increased by 12.2% per year over the past 8 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 2015, Concord Hospital Trust has awarded 73 individual grants totaling $60,303,815. 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
2023
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, Member Ex-Officio | OfficerTrustee | 1 | $0 |
Paul Racicot Trustee (start 1/2023) | Trustee | 1 | $0 |
Suzanne Meyer Trustee | Trustee | 1 | $0 |
Ronald Yap MD Immediate Past Chair (end 1/2023) | Trustee | 1 | $0 |
Kimberlee G Burgess ESQ Trustee | Trustee | 1 | $0 |
Kenneth A Deloge MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $900,409 |
| Related organizations | $56,594 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,021,248 |
| Noncash contributions included in lines 1a–1f | $286,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,983,251 |
| Total Program Service Revenue | $0 |
| Investment income | $276,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,080,719 |
| Net Income from Fundraising Events | -$69,136 |
| Net Income from Gaming Activities | $11,491 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,282,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,640,423 |
| Grants and other assistance to domestic individuals. | $230,846 |
| 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 | $78,916 |
| Fees for services: Other | $849,151 |
| Advertising and promotion | $3,406 |
| Office expenses | $116,804 |
| Information technology | $740 |
| Royalties | $0 |
| Occupancy | $19,752 |
| Travel | $11,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37,017 |
| Total functional expenses | $16,000,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $72,829 |
| 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 | $53,521 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,052,881 |
| Investments—other securities | $35,767,074 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,984 |
| Total assets | $59,052,289 |
| Accounts payable and accrued expenses | $44,181 |
| 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 | $4,082,737 |
| Total liabilities | $4,126,918 |
| Net assets without donor restrictions | $13,120,051 |
| Net assets with donor restrictions | $41,805,320 |
| 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 | $59,052,289 |
Grants Awarded
Over the last fiscal year, Concord Hospital Trust has awarded $14,328,236 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHWAYS PURPOSE: Education and family programs. | $10,000 |
CONCORD HOSPITAL PURPOSE: General support. | $12,645,483 |
CONCORD HOSPITAL - FANKLIN PURPOSE: General support | $54,648 |
CONCORD HOSPITAL - LACONIA PURPOSE: General support. | $1,569,605 |
CONCORD REGIONAL VNA PURPOSE: Child and parent programs; child play groups; home healthcare; area resource groups. | $10,000 |
CONCORD SCHOOL DISTRICT PURPOSE: To fund family center programming and services. | $11,000 |