Margaretville Health Foundation
- Assets
- $390.1k
- Revenue
- $66.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Margaretville, NY
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1998454
Organization Overview
Margaretville Health Foundation is located in Margaretville, NY. 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. Margaretville Health 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 12/2021, Margaretville Health Foundation generated $66.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $31.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARGARETVILLE HEALTH FOUNDATION (THE "FOUNDATION") PERFORMS FUNDRAISING ACTIVITIES TO BENEFIT AND SUPPORT MARGARETVILLE MEMORIAL HOSPITAL (THE "HOSPITAL"), A CRITICAL ACCESS HOSPITAL AND MARGARETVILLE NURSING HOME (THE "NURSING HOME").
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Pohar Exec Dir/trustee (res. 6/21) | Officer | 1 | $0 |
Artie Martello Chair (resigned 11/21) | Trustee | 1 | $0 |
Connie Jeffers Trustee (effective 1/21) | Trustee | 1 | $0 |
Pat Kolar Trustee (effective 1/21) | Trustee | 1 | $0 |
Kathy Lasslob Trustee (effective 1/21) | Trustee | 1 | $0 |
Pat Tucker Trustee (effective 1/21) | Trustee | 1 | $0 |
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 | $57,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,646 |
| Total Program Service Revenue | $0 |
| Investment income | $5,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,062 |
| 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 | $15,108 |
| Pension plan accruals and contributions | $628 |
| Other employee benefits | $2,562 |
| Payroll taxes | $1,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,702 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,402 |
| Office expenses | $884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,203 |
| 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 | $264,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,100 |
| 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 | $17,629 |
| Total liabilities | $17,629 |
| Net assets without donor restrictions | $293,353 |
| Net assets with donor restrictions | $79,118 |
| 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 | $390,100 |
Grants Awarded
Over the last fiscal year, Margaretville Health Foundation has awarded $179,328 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Margaretville, NY PURPOSE: General support | $169,278 |
Margaretville, NY PURPOSE: General Support | $10,050 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Margaretville Health Foundation has recieved totaling $5,039.
| Awarding Organization | Amount |
|---|---|
Delaware National Bank Of Delhi Corporate Charitable Tr Delhi, NY PURPOSE: GENERAL EXPENSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
The Foundation For Delaware County Media, PA | $70,292,526 | $12,697,458 |
St Francis Research And Educational Corporation Roslyn, NY | $9,987,779 | $6,062,261 |
New York City Retirees Health & Welfare Fund Lynbrook, NY | $40,321,331 | $11,937,808 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Cooper Health Systems Camden, NJ | $99,186,980 | $12,310,432 |
Friends Of Indus Hospital Inc Teaneck, NJ | $6,718,451 | $9,579,244 |
Salem Physician Practices Pc Salem, NJ | $930,256 | $3,417,456 |
Agma Health Fund New York, NY | $16,660,760 | $8,070,955 |
Bryn Mawr Hospital Foundation Bryn Mawr, PA | $102,040,001 | $12,922,519 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Hunterdon Healthcare System Inc Flemington, NJ | $3,951,978 | $7,578,810 |