Carroll Hospital Center Foundation Inc
- Assets
- $112.0m
- Revenue
- $10.5m
- Investments
- $13.2m
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 12/1985
- Data as of
- 06/2021
- EIN
- 52-1115038
Organization Overview
Carroll Hospital Center Foundation Inc is located in Westminster, MD. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Carroll Hospital Center Foundation 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 06/2021, Carroll Hospital Center Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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, Carroll Hospital Center Foundation Inc has awarded 16 individual grants totaling $35,833,660. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES (CONTINUED IN SCH O )
Describe the Organization's Program Activity:
SEE SCHEDULE O
SUPPORT THE MISSION AND VISION OF CARROLL HOSPICE. FUNDS ARE USED FOR HOSPICE OPERATIONS, BEREAVEMENT AND SPIRITUAL CARE.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Hoover Board Member/pres Carroll Hosp | OfficerTrustee | 1 | $0 |
Mark Debinski Chair | OfficerTrustee | 1 | $0 |
Alex Myers Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Holt Secretary | OfficerTrustee | 1 | $0 |
Michael Myers CFO & Treasurer | Officer | 1 | $0 |
Ellen Finnerty Myers Executive VP | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $255,571 |
| Related organizations | $0 |
| Government grants | $756,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,670,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,682,127 |
| Total Program Service Revenue | $0 |
| Investment income | $11,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,801,609 |
| Net Income from Fundraising Events | $43,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,538,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,616,828 |
| Grants and other assistance to domestic individuals. | $13,500 |
| 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 | $206,327 |
| 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 | $5,941,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,023,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,263,771 |
| 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 | $5,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $94,495,221 |
| Investments—other securities | $13,162,298 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,813 |
| Total assets | $111,958,592 |
| Accounts payable and accrued expenses | $4,725 |
| 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 | $970,661 |
| Total liabilities | $975,386 |
| Net assets without donor restrictions | $55,272,140 |
| Net assets with donor restrictions | $55,711,066 |
| 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 | $111,958,592 |
Grants Awarded
Over the last fiscal year, Carroll Hospital Center Foundation Inc has awarded $5,617,008 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Westminster, MD PURPOSE: SEE PART IV | $5,457,696 |
Westminster, MD PURPOSE: SEE PART IV | $159,312 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Carroll Hospital Center Foundation Inc has recieved totaling $676,204.
| Awarding Organization | Amount |
|---|---|
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO FUND THE DR. FLAVIO KRUTER ONCOLOGY PROGRAM DIRECTORSHIP ENDOWED FUND | $500,000 |
Harold Glen And Audrey G Benson Trumpower Foundation Inc Westminster, MD PURPOSE: SCHOLARSHIPS/EDUCATION | $100,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $26,125 |
Libman Family Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $20,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $18,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,000 |
Endowment Analysis
| Beg. Balance | $84,992,485 |
| Earnings | $24,025,800 |
| Net Contributions | $5,000 |
| Other Expense | $2,136,642 |
| Grants | $13,500 |
| Ending Balance | $106,873,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
Asbury Communities Inc Frederick, MD | $47,159,908 | $12,863,922 |
Cola Inc Columbia, MD | $22,083,298 | $12,495,022 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
University Of Maryland Charles Regional Health Inc La Plata, MD | $24,729,996 | $5,853,296 |
National Resident Matching Program Washington, DC | $32,690,669 | $13,085,177 |
Carroll Hospital Center Foundation Inc Westminster, MD | $111,958,592 | $10,538,344 |
Catholic Health Care Services Supportive Independent Living North Wales, PA | $2,219,624 | $3,053,243 |
Lifelogics Inc White Marsh, MD | $2,543,203 | $3,403,316 |
Keystone Health Information Exchange Inc Danville, PA | $1,605,905 | $3,599,592 |
Nixsar Corporation Butler, PA | $21,072,411 | $1,398,427 |
National Association Of Medicaid Directors Washington, DC | $4,559,833 | $2,493,972 |