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Nonprofiteer
← FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC.

Totals

Total revenue
$981,412
Total expenses
$150,538
Contributions and grants received
$233,980
Grants paid
$28,648
Program service revenue
$0
Investment income
$747,432
Other revenue
$0
Total assets, end of year
$19,776,263
Total liabilities, end of year
$14,648
Net assets or fund balances, end of year
$19,761,615
Program services expenses (Part IX)
$28,648
Management and general expenses
$99,651
Fundraising expenses
$22,239
Program service expenses (Part III)
$28,648

Program services were 19.0% 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.

  • 1d · Related organizations

    $25,000

  • 1f · All other contributions, gifts and grants

    $208,980

  • 3 · Investment income

    total $355,896 · excluded $355,896

  • 7a · Gross sales of assets other than inventory

    securities $451,222

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

    securities $59,686

  • 7c · Gain or loss

    securities $391,536

  • 7d · Net gain or loss

    total $391,536 · excluded $391,536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,648 · program services $28,648

  • 11f · Fees: investment management

    total $59,686 · management and general $59,686

  • 12 · Advertising and promotion

    total $6,020 · fundraising $6,020

  • 13 · Office expenses

    total $16,219 · fundraising $16,219

  • 24a · Other expenses: OTHER EXPENSES

    total $39,965 · management and general $39,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,989,005 · end of year $2,246,230

  • 11 · Investments: publicly traded securities

    beginning of year $10,712,170 · end of year $12,238,431

  • 15 · Other assets

    beginning of year $5,335,056 · end of year $5,291,602

  • 17 · Accounts payable and accrued expenses

    end of year $14,648

  • 25 · Other liabilities

    beginning of year $40,849 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,359,083 · end of year $19,095,235

  • 28 · Net assets with donor restrictions

    beginning of year $636,299 · end of year $666,380

Mission and programs · 2023

Mission

TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF LIVINGSTON HEALTH CARE SYSTEM, INC.; NICHOLAS H. NOYES MEMORIAL HOSPITAL; AND RED JACKET CENTER, INC.

  • TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF LIVINGSTON HEALTH CARE SYSTEM, INC.; NICHOLAS H. NOYES MEMORIAL HOSPITAL; AND RED JACKET CENTER, INC.

    Expenses $28,648 · Grants $28,648

As filed on the 2023 return.

Listed in Part VII

  • J Chad Teeters MD

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $649,245
    From this org
    $0
    From related orgs
    $583,658
    Other
    $65,587
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $583,358 related
    Bonus
    $0
    Other
    $0 + $300 related
    Deferred
    $0 + $29,312 related
    Nontaxable benefits
    $0 + $36,275 related
    Filer's total
    $0 + $649,245 related

  • Les Cole

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Merle

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Bill Bacon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Quinlan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Lynn White

    DIRECTOR

    Total calculated
    $59,952
    From this org
    $0
    From related orgs
    $56,869
    Other
    $3,083
    Hours/week
    1 + 31 related

  • Thomas Wamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Coniglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Costello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Shay Hoag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Ingram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Moodie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridgett Hoag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Prunoske

    CHIEF FINANCIAL OFFICER

    Total calculated
    $530,537
    From this org
    $0
    From related orgs
    $447,837
    Other
    $82,700
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,165 related
    Bonus
    $0 + $41,924 related
    Other
    $0 + $43,748 related
    Deferred
    $0 + $56,640 related
    Nontaxable benefits
    $0 + $26,060 related
    Filer's total
    $0 + $530,537 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS OF NICHOLAS H. NOYES MEMORIAL HOSPITAL (THE HOSPITAL) REVIEWS THE GOALS AND OBJECTIVES OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER ALONG WITH COMPARABILITY DATA TO DETERMINE APPROPRIATE COMPENSATION. THE DELIBERATION AND DECISION IS RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS OF THE HOSPITAL.
PART I, LINE 4B
THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION: MARK PRUNOSKE - 457(F) PLAN - $33,540 THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN OTHER REPORTABLE COMPENSATION: MARK PRUNOSKE - 457(F) PLAN - $34,022 THESE AMOUNTS REPRESENT EMPLOYEE DEFERRALS OF COMPENSATION, PLUS INVESTMENT EARNINGS, OVER SEVERAL YEARS THAT VESTED AND WERE PAID PURSUANT TO THE REQUIREMENTS OF THE PLAN. THE EMPLOYEE DEFERRALS WERE REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN C IN PRIOR YEARS AND ARE ALSO REFLECTED IN SCHEDULE J, PART II, COLUMN F.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EXCELL INNOVATIVE NY FUND LP

    INVESTMENT FUND · NY

  • EXCELL MINORITY AND WOMEN OWNED BUSINESS INVESTMENT FUND LP

    INVESTMENT FUND · NY

  • EXCELL PARTNERS INNOVATE TC FUND LP

    INVESTMENT FUND · NY

  • FINGER LAKES VENTURE FUND LP

    INVESTMENT FUND · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMACY · NY

  • UR EQUITY HOLDINGS INC

    C · HOLDING CO · DE

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING CO · NY

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUBATOR · NY

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NETWORK · NY

  • LUMINATE VENTURE CHALLENGE CORP

    C · BUSINESS INCUB · NY

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRACTICE ASSOC · NY

  • AHP INSURANCE COMPANY

    C · CAPTIVE INSURANCE CO · VT

  • HORNELL MEDICAL VILLAGE LLC

    C · HOLD REAL ESTATE · NY

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUBATOR · NY

  • SOLDIER VENTURES INC

    C · MEDICAL SUPPLY COMPANY · NY

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521339349307077

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