Memorial Hospital Foundation At North Conway Inc
- Assets
- $6.9m
- Revenue
- $476.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- North Conway, NH
- Founding
- 07/2013
- Data as of
- 09/2023
- EIN
- 46-2137291
Organization Overview
Memorial Hospital Foundation At North Conway Inc is located in North Conway, NH. The organization was established in 2013. 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. Memorial Hospital Foundation At North Conway 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, Memorial Hospital Foundation At North Conway Inc generated $476.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $79.7k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OVER 100 YEARS OF HISTORY, MEMORIAL HOSPITAL IS A THRIVING, RURAL COMMUNITY HOSPITAL THAT PROVIDES AN EXTENSIVE ARRAY OF HEALTHCARE SERVICES FOR THE RESIDENTS OF MOUNT WASHINGTON VALLEY AND THE MILLIONS OF TOURISTS WHO VISIT OUR REGION EVERY YEAR. AS A NON-PROFIT ORGANIZATION, MEMORIAL HOSPITAL IS DEPENDENT UPON PHILANTHROPIC SUPPORT TO PROVIDE THE HIGHEST QUALITY OF HEALTHCARE AVAILABLE. THE MEMORIAL HOSPITAL FOUNDATION WAS CREATED IN 2013 AS THE FUNDRAISING VEHICLE FOR THE HOSPITAL. THE FOUNDATION REINVESTS INTO THE COMMUNITY WE SERVE BY SUPPORTING THE CAPITAL NEEDS AND SPECIAL PROJECTS OF THE HOSPITAL THROUGH PHILANTHROPY BY:-FOSTERING A CULTURE THAT PROVIDES AN EXPERIENCE THAT EXCEEDS EXPECTATIONS -BUILDING STRONG RELATIONSHIPS THAT IMPROVE COMMUNITY HEALTH PROGRAMS AND THE OVERALL STATUS OF HEALTH IN OUR COMMUNITY -ACHIEVING LONG-TERM VIABILITY BY SUPPORTING FINANCIAL NEEDS IN A RAPIDLY CHANGING HEALTHCARE ENVIRONMENT EVERY GIFT MADE TO THE MEMORIAL HOSPITAL FOUNDATION, NO MATTER HOW LARGE OR SMALL, IS HONORED AND WILL GO DIRECTLY TOWARD HELPING IMPROVE THE HEALTHCARE OF OUR COMMUNITY, FOR LOCALS AND GUESTS ALIKE. THE FOUNDATION STRIVES EQUALLY TO BE RELIABLE STEWARDS OF OUR DONORS' FINANCIAL COMMITMENTS TO US BY ADHERING TO PHILANTHROPY'S HIGHEST ETHICAL STANDARDS AND BEST KNOWN PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Mueller Ceo, Mh/trustee | Trustee | 1 | $0 |
Kelly Elkins Coo, Mh/frmr Trustee | Trustee | 1 | $0 |
Art Mathisen Frmr President/frmr Trustee | OfficerTrustee | 1 | $0 |
Diana Mclaughlin Chief Financial Officer | Officer | 1 | $0 |
David Hoeft Physician/trustee | Trustee | 1 | $0 |
Mary Vigeant Nurse Practitioner/trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,820 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,327 |
| Total Program Service Revenue | $0 |
| Investment income | $112,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213,688 |
| Net Income from Fundraising Events | -$13,406 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,226 |
| 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 | $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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $56,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $782 |
| 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 | $79,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,272 |
| Savings and temporary cash investments | $1,618,994 |
| Pledges and grants receivable | $0 |
| 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 | $2,727,310 |
| Investments—other securities | $2,227,741 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,970 |
| Total assets | $6,879,287 |
| 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 | $52,265 |
| Total liabilities | $52,265 |
| Net assets without donor restrictions | $5,611,594 |
| Net assets with donor restrictions | $1,215,428 |
| 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 | $6,879,287 |