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Nonprofiteer
← MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC

Form 990 for tax year 2023

Filed by MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC.

Totals

Total revenue
$472,510
Total expenses
$38,259
Contributions and grants received
$150,916
Grants paid
$700
Program service revenue
$0
Investment income
$328,922
Other revenue
-$7,328
Total assets, end of year
$7,892,773
Total liabilities, end of year
$4,227
Net assets or fund balances, end of year
$7,888,546
Program services expenses (Part IX)
$38,259
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$38,259

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $28,374

  • 1f · All other contributions, gifts and grants

    $122,542

  • 3 · Investment income

    total $168,351 · excluded $168,351

  • 7a · Gross sales of assets other than inventory

    securities $3,118,577

  • 7b · Less cost or other basis and sales expenses

    securities $2,958,006

  • 7c · Gain or loss

    securities $160,571

  • 7d · Net gain or loss

    total $160,571 · related or exempt $160,571

  • 8a · Fundraising events: gross income

    $24,185

  • 8a · Fundraising events: contributions included on line 1c

    $28,374

  • 8b · Fundraising events: direct expenses

    $31,513

  • 8c · Net income from fundraising events

    total -$7,328 · excluded -$7,328

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $700 · program services $700

  • 12 · Advertising and promotion

    total $1,402 · program services $1,402

  • 13 · Office expenses

    total $14,856 · program services $14,856

  • 17 · Travel

    total $321 · program services $321

  • 24a · Other expenses: Purchased services

    total $19,514 · program services $19,514

  • 24b · Other expenses: Medical supplies

    total $1,443 · program services $1,443

  • 24c · Other expenses: Misc internal charges

    total $23 · program services $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,272 · end of year $300,760

  • 2 · Savings and temporary cash investments

    beginning of year $1,618,994 · end of year $1,568,183

  • 11 · Investments: publicly traded securities

    beginning of year $2,727,310 · end of year $3,899,453

  • 12 · Investments: other securities

    beginning of year $2,227,741 · end of year $2,096,037

  • 15 · Other assets

    beginning of year $13,970 · end of year $28,340

  • 25 · Other liabilities

    beginning of year $52,265 · end of year $4,227

  • 27 · Net assets without donor restrictions

    beginning of year $5,611,594 · end of year $6,719,699

  • 28 · Net assets with donor restrictions

    beginning of year $1,215,428 · end of year $1,168,847

Mission and programs · 2023

Mission

TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH. TO HOLD AND MANAGE PROPERTY FOR THE TAX-EXEMPT USES IN DIRECT FURTHERANCE (CONTINUED ON SCHEDULE O)OF THE HOSPITAL'S PURPOSES, AND TO RAISE AND DISTRIBUTE FUNDS TO THE HOSPITAL IN SUPPORT OF ITS PROGRAMS AND SERVICES.

Activities or mission (Part I)

TO SUPPORT THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH.

  • 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.

    Expenses $38,259 · Grants $700 · Revenue $160,571

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Mueller MD

    CEO and President, MH/Trustee

    Total calculated
    $2,277,317
    From this org
    $0
    From related orgs
    $2,222,049
    Other
    $55,268
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,371,192 related
    Bonus
    $0 + $670,196 related
    Other
    $0 + $180,661 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $42,068 related
    Filer's total
    $0 + $2,277,317 related

  • David Hoeft

    Physician/Trustee

    Total calculated
    $311,972
    From this org
    $0
    From related orgs
    $262,433
    Other
    $49,539
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,529 related
    Bonus
    $0
    Other
    $0 + $30,904 related
    Deferred
    $0 + $11,064 related
    Nontaxable benefits
    $0 + $38,475 related
    Filer's total
    $0 + $311,972 related

  • Mary Vigeant

    Nurse Practitioner/Trustee

    Total calculated
    $251,406
    From this org
    $0
    From related orgs
    $220,952
    Other
    $30,454
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,451 related
    Bonus
    $0 + $4,912 related
    Other
    $0 + $46,589 related
    Deferred
    $0 + $11,227 related
    Nontaxable benefits
    $0 + $19,227 related
    Filer's total
    $0 + $251,406 related

  • Steve Boyle

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Frizzell

    Former Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tim Scott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alec Tarberry

    Former Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christine Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rachael Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill Berry Bowen

    Frmr Interim President/Frmr Trustee

    Total calculated
    $221,651
    From this org
    $0
    From related orgs
    $217,645
    Other
    $4,006
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,645 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,006 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $221,651 related

  • Bradley Chapman

    President/Trustee

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Michelle O'Donnell

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Chris Perley

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Linda Terry

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Corinne Ray

    Board Secretary

    Total calculated
    $0
    Hours/week
    1

  • Diana McLaughlin

    Chief Financial Officer

    Total calculated
    $325,398
    From this org
    $0
    From related orgs
    $267,054
    Other
    $58,344
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,258 related
    Bonus
    $0 + $38,278 related
    Other
    $0 + $10,518 related
    Deferred
    $0 + $22,114 related
    Nontaxable benefits
    $0 + $36,230 related
    Filer's total
    $0 + $325,398 related

  • Art Mathisen

    Frmr President/Frmr Trustee

    Total calculated
    $299,120
    From this org
    $0
    From related orgs
    $283,439
    Other
    $15,681
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,203 related
    Bonus
    $0
    Other
    $0 + $131,236 related
    Deferred
    $0 + $11,385 related
    Nontaxable benefits
    $0 + $4,296 related
    Filer's total
    $0 + $299,120 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 July 2025
IRS schema version
2023v6.0
Source object
202502249349302455

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