Chester River Health Foundation Inc
- Assets
- $7.4m
- Revenue
- $618.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chestertown, MD
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 52-1338861
Organization Overview
Chester River Health Foundation Inc is located in Chestertown, MD. The organization was established in 1985. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester River Health 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 06/2022, Chester River Health Foundation Inc generated $618.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $328.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chester River Health Foundation Inc has awarded 19 individual grants totaling $3,264,668. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS CHESTER RIVER HOSPITAL CENTER (CRHC) AND CHESTER RIVER HOME CARE. CHESTER RIVER HEALTH FOUNDATION SUPPORTS: - CRHC IN PROVIDING COMPASSIONATE, HIGH-QUALITY AND COST-EFFECTIVE HEALTH CARE FOR THE PEOPLE IN OUR COMMUNITY. - CRHC IN SUPPORT OF THE HIGHEST PRIORITY EQUIPMENT, TECHNOLOGY AND PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed President And Ceo, Umsrh | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Director (ended 05/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,919 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,573 |
| Total Program Service Revenue | $0 |
| Investment income | $134,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,419 |
| Net Income from Fundraising Events | -$5,378 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,076 |
| 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 | $9,649 |
| Fees for services: Other | $9,101 |
| Advertising and promotion | $16,653 |
| Office expenses | $34,958 |
| Information technology | $9,180 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85 |
| 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 | $328,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,658 |
| Savings and temporary cash investments | $1,000,433 |
| Pledges and grants receivable | $37,800 |
| 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 | $4,723,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,378,600 |
| Accounts payable and accrued expenses | $8,162 |
| 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 | $30,312 |
| Total liabilities | $38,474 |
| Net assets without donor restrictions | $2,064,042 |
| Net assets with donor restrictions | $5,276,084 |
| 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 | $7,378,600 |
Grants Awarded
Over the last fiscal year, Chester River Health Foundation Inc has awarded $284,779 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTER RIVER HOSPITAL CENTER INC PURPOSE: Program Service Support | $273,779 |
MEMORIAL HOSPITAL FOUNDATION INC PURPOSE: Program Service Support | $11,000 |