Addison Gilbert Society Inc
- Assets
- $537.7k
- Revenue
- $334.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 09/2014
- Data as of
- 09/2023
- EIN
- 46-4371382
Organization Overview
Addison Gilbert Society Inc is located in Burlington, MA. The organization was established in 2014. 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. Addison Gilbert Society 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, Addison Gilbert Society Inc generated $334.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF ADDISON GILBERT SOCIETY (AGS) IS TO CULTIVATE ON-GOING DONOR SUPPORT FOR THE OPERATIONS OF ADDISON GILBERT HOSPITAL (AGH OR HOSPITAL). AS NOTED BELOW AGH IS A CAMPUS OF NORTHEAST HOSPITAL CORP. SINCE ITS CREATION, THE AGS HAS BEEN AN IMPORTANT VEHICLE FOR CHARITABLE GIVING TO SUPPORT THE AGH AND THE COMMUNITY HAS RESPONDED POSITIVELY THROUGH INCREASED PHILANTHROPIC INVESTMENT IN THE HOSPITAL. FUNDS RAISED BY THE ADDISON GILBERT SOCIETY SUPPORT AGH'S GENERAL OPERATIONS, CAPITAL NEEDS AND CRITICAL PROGRAMS, ALL IN FURTHERANCE OF BOTH THE AGS'S AND THE HOSPITAL'S MISSIONS. AGS AND AGH ACCOMPLISH THESE MISSIONS IN CONJUNCTION WITH THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK OF AFFILIATES AS DESCRIBED FURTHER IN THIS FORM 990.
Describe the Organization's Program Activity:
AS NOTED PREVIOUSLY IN THIS FILING, THE ADDISON GILBERT SOCIETY (AGS), IN FURTHERANCE OF ITS EXEMPT PURPOSES, ENGAGES IN DONOR CULTIVATION, SOLICITATION AND STEWARDSHIP TO SUPPORT ADDISON GILBERT HOSPITAL (AGH). AS NOTED THROUGHOUT THIS FILING, AGS AND AGH ACCOMPLISH THESE MISSIONS IN CONJUNCTION WITH THE BETH ISRAEL LAHEY HEALTH (BILH) NETWORK. ADDISON GILBERT HOSPITAL IS AN AWARD WINNING COMMUNITY HOSPITAL LOCATED IN GLOUCESTER, MA, NORTHEAST OF BOSTON AND IS A CAMPUS OF THE NORTHEAST HOSPITAL CORPORATION (NHC) , AN ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. AGH WAS FOUNDED IN 1889 AND PROVIDES STATE-OF THE-ART INPATIENT, OUTPATIENT AND EMERGENCY CARE TO RESIDENTS OF THE CAPE ANN COMMUNITY, INCLUDING THE CITY OF GLOUCESTER AND TOWNS OF ESSEX, MANCHESTER-BY-THE-SEA, AND ROCKPORT. THE LARGEST INPATIENT AND OUTPATIENT PROGRAM SERVICES OF THE HOSPITAL INCLUDE ACUTE AND INTENSIVE ADULT INPATIENT CARE, CANCER CARE, CARDIOLOGY, PULMONARY, GERIATRIC SERVICES (SENIOR ADULT UNIT AND THE CENTER FOR HEALTHY AGING), ENDOCRINE, PAIN MANAGEMENT, OUTPATIENT SLEEP, WOUND CARE AND BEHAVIORAL HEALTH SERVICES (INCLUDING SUBSTANCE ABUSE CARE).THROUGH THE ADDISON GILBERT SOCIETY, AGH COMMUNITY SUPPORTERS HAVE CONSISTENTLY SUPPORTED AGH TO SUPPORT THE HOSPITAL'S GREATEST NEEDS INCLUDING SPECIAL PROGRAMS AND CAPITAL PRIORITIES. DURING THE FISCAL YEAR COVERED BY THIS FILING, AGS RAISED MORE THAN $2,000,000TO SUPPORT TO ADDISON GILBERT HOSPITAL FOR ITS OPERATING AND CAPITAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabb MD Kevin Pres (ex-Off) And Ttee (ex-Off) | OfficerTrustee | 1 | $0 |
Kerndl John Ttee & Treas (ex-Off) (evp/cfo,bilh) | OfficerTrustee | 1 | $0 |
Rios Cindy Ttee, Treas (ex-Off) (int Cfo, Bilh) | OfficerTrustee | 1 | $0 |
Katz ESQ Jamie Ttee (ex-Off), Clerk (ex-Off) | OfficerTrustee | 1 | $0 |
Sands Tom Trustee | Trustee | 1 | $0 |
Andree Jason Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,654 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,304 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,304 |
| 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 | $0 |
| 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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $527,700 |
| Total assets | $537,700 |
| Accounts payable and accrued expenses | $553 |
| 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 | $0 |
| Total liabilities | $553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $537,147 |
| 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 | $537,700 |