Acmc Foundation
- Assets
- $6.4m
- Revenue
- $263.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 34-1392784
Organization Overview
Acmc Foundation is located in Ashtabula, OH. The organization was established in 1983. 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. Acmc 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 12/2022, Acmc Foundation generated $263.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $363.0k during the year ending 12/2022. 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
RAISE AND ADMINISTER CHARITABLE GIFTS THAT SUPPORT THE MISSION OF ASHTABULA COUNTY MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHTABULA COUNTY MEDICAL CENTER (ACMC) IS A NON-PROFIT COMMUNITY HOSPITAL, THE ONLY FULL-SERVICE HOSPITAL IN ASHTABULA COUNTY, AND IS THE COUNTY'S LARGEST EMPLOYER. THE ACMC FOUNDATION HELPS TO ENSURE THAT THE HIGH-QUALITY CARE ALL PATIENTS DESERVE IS AVAILABLE WHEN THE COMMUNITY NEEDS IT.ACMC FOUNDATION SUPPORTS THE HOSPITAL BY FUNDING CAPITAL AND EQUIPMENT PURCHASES, FACILITY RENOVATIONS, STAFF SUPPORT AND EDUCATION AND OTHER PROGRAM SUPPORT. WITH MORE THAN A DOZEN DESIGNATED-USE AND UNRESTRICTED FUNDS, ACMC FOUNDATION ADMINISTERS CONTRIBUTIONS THAT ALIGN WITH DONORS' INTERESTS AND THE PRIORITIES AND NEEDS OF ACMC. EXAMPLES OF RECENT CAPITAL SUPPORT INCLUDE IMAGING EQUIPMENT, PATIENT MONITORS, INTENSIVE CARE UNIT EQUIPMENT AND TECHNOLOGY, INFRARED VEIN FINDERS, AND VARIOUS BUILDING AND FACILITY RENOVATIONS. ACMC FOUNDATION SUPPORTS ACMC THROUGH VARIOUS PROGRAMS. ACMC FOUNDATION ADMINISTERS AND FUNDS THE ACMC ACADEMY PROGRAM, A SUMMER INTERNSHIP AND SCHOLARSHIP PROGRAM FOR HIGH SCHOOL STUDENTS INTERESTED IN HEALTHCARE CAREERS. THE FOUNDATION FUNDS PROGRAMS TO PROVIDE ITEMS OF COMFORT TO PEDIATRIC PATIENTS IN OUTPATIENT LABS AND EMERGENCY DEPARTMENT, AND ASSISTANCE TO PATIENTS TO HELP MEET TEMPORARY URGENT NEEDS THAT HAVE A DIRECT IMPACT ON PATIENTS' HEALTH OUTCOMES, SUCH AS MEDICAL SUPPLIES NOT COVERED BY INSURANCE, TRANSPORTATION EXPENSES RELATED TO MEDICAL CARE, AND SHORT TERM MEDICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Kanicki Chair | OfficerTrustee | 0.3 | $0 |
Dr Catherine Bishop Vice Chair | OfficerTrustee | 0.3 | $0 |
Michael Habowski Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Tami Netkowicz Executive Director (thru 10/22) | OfficerTrustee | 40 | $0 |
Donny Chaplin Trustee | Trustee | 0.3 | $0 |
Bret Cimorell Trustee | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,225 |
| Total Program Service Revenue | $0 |
| Investment income | $110,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,542 |
| Net Income from Fundraising Events | -$12,676 |
| Net Income from Gaming Activities | -$172 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,654 |
| 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 | $213,091 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,204 |
| Fees for services: Other | $21,578 |
| Advertising and promotion | $0 |
| Office expenses | $70,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $938 |
| 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 | $87 |
| All other expenses | $0 |
| Total functional expenses | $363,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,008 |
| Savings and temporary cash investments | $1,021,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,358 |
| 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 | $5,326,118 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,404,775 |
| Accounts payable and accrued expenses | $118,111 |
| 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 | $478,027 |
| Total liabilities | $596,138 |
| Net assets without donor restrictions | $4,852,171 |
| Net assets with donor restrictions | $956,466 |
| 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 | $6,404,775 |