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Nonprofiteer
← F F THOMPSON HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by F F THOMPSON HOSPITAL FOUNDATION INC.

Totals

Total revenue
$1,873,359
Total expenses
$1,077,156
Contributions and grants received
$1,384,321
Grants paid
$411,083
Program service revenue
$0
Investment income
$463,746
Other revenue
$25,292
Total assets, end of year
$19,410,627
Total liabilities, end of year
$1,231,409
Net assets or fund balances, end of year
$18,179,218
Program services expenses (Part IX)
$802,640
Management and general expenses
$274,516
Fundraising expenses
$0
Program service expenses (Part III)
$802,640

Program services were 74.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $299,053

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,085,268

  • 1g · Noncash contributions included above

    $2,015

  • 3 · Investment income

    total $164,074 · related or exempt $0 · unrelated business $0 · excluded $164,074

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $299,672

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $299,672

  • 7d · Net gain or loss

    total $299,672 · related or exempt $0 · unrelated business $0 · excluded $299,672

  • 8a · Fundraising events: gross income

    $69,228

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

    $299,053

  • 8b · Fundraising events: direct expenses

    $108,224

  • 8c · Net income from fundraising events

    total -$38,996 · unrelated business $0 · excluded -$38,996

  • 11a · Other revenue: Miscellaneous

    total $64,288 · related or exempt $0 · unrelated business $0 · excluded $64,288

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $64,288

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $411,083 · program services $411,083

  • 7 · Other salaries and wages

    total $213,726 · program services $213,726

  • 8 · Pension plan contributions

    total $6,451 · program services $6,451

  • 9 · Other employee benefits

    total $23,115 · program services $23,115

  • 10 · Payroll taxes

    total $15,231 · program services $15,231

  • 11b · Fees: legal

    total $8,652 · management and general $8,652

  • 11c · Fees: accounting

    total $24,600 · management and general $24,600

  • 11g · Fees: other

    total $75,205 · program services $75,205

  • 12 · Advertising and promotion

    total $7,660 · program services $7,660

  • 13 · Office expenses

    total $10,494 · program services $10,494

  • 14 · Information technology

    total $1,748 · program services $1,748

  • 17 · Travel

    total $1,376 · program services $1,376

  • 19 · Conferences, conventions and meetings

    total $1,548 · program services $1,548

  • 22 · Depreciation, depletion and amortization

    total $100 · management and general $100

  • 23 · Insurance

    total $202 · program services $202

  • 24a · Other expenses: Membership Assessment

    total $252,225 · program services $11,855 · management and general $240,370 · fundraising $0

  • 24e · All other expenses

    total $23,740 · program services $22,946 · management and general $794 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $502,134 · end of year $1,308,024

  • 2 · Savings and temporary cash investments

    beginning of year $5,081,239 · end of year $4,907,553

  • 3 · Pledges and grants receivable

    beginning of year $311,760 · end of year $394,861

  • 4 · Accounts receivable

    beginning of year $11,470 · end of year $24,276

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $22,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,427

  • 10c · Land, buildings and equipment, net

    beginning of year $1,249 · end of year $1,149

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $10,884,194 · end of year $11,516,467

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,208,137 · end of year $1,258,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,177 · end of year $14,174

  • 25 · Other liabilities

    beginning of year $1,480,195 · end of year $1,217,235

  • 27 · Net assets without donor restrictions

    beginning of year $11,376,102 · end of year $11,936,769

  • 28 · Net assets with donor restrictions

    beginning of year $5,128,709 · end of year $6,242,449

Mission and programs · 2024

Mission

F.F. Thompson Hospital Foundation, Inc., a not-for-profit corporation, is committed to achieving philanthropic support for the services and priority needs of the F F Thompson Health System and its affiliated tax-exempt corporations and to overseeing the management of restricted and unrestricted funds of the Foundation.

  • The Foundation awarded Community Health Grants to local organizations in 2024. The applicants must meet the following criteria: benefit health status of the community, planned goal with time frame, and commitment to community partnering. (16 grants awarded)

    Expenses $22,750 · Grants $22,750

  • The Foundation operates to provide funds for the benefit of the FF Thompson Health System, FF Thompson Hospital (Hospital), Senior Communities, and MM Ewing Continuing Care Center (Continuing Care Center). The Foundation solicits, accepts, holds, invests, and administers funds and uses the income and principal thereof for the foregoing purposes.

    Expenses $779,890 · Grants $388,333

As filed on the 2024 return.

Listed in Part VII

  • Michael F Stapleton Jr

    President/CEO

    Total calculated
    $1,022,632
    From this org
    $0
    From related orgs
    $880,409
    Other
    $142,223
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $591,354 related
    Bonus
    $0 + $133,190 related
    Other
    $0 + $155,865 related
    Deferred
    $0 + $106,044 related
    Nontaxable benefits
    $0 + $36,180 related
    Filer's total
    $0 + $1,022,633 related

  • Mark F Prunoske

    Sr VP Finance/CFO

    Total calculated
    $541,109
    From this org
    $0
    From related orgs
    $451,126
    Other
    $89,983
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,117 related
    Bonus
    $0 + $58,601 related
    Other
    $0 + $44,409 related
    Deferred
    $0 + $59,031 related
    Nontaxable benefits
    $0 + $30,952 related
    Filer's total
    $0 + $541,110 related

  • Susan Fulmer MD

    Board Member

    Total calculated
    $360,165
    From this org
    $0
    From related orgs
    $359,362
    Other
    $803
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,362 related
    Bonus
    $0
    Other
    $0 + $23,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $803 related
    Filer's total
    $0 + $360,165 related

  • Michael Fahy

    Board Member

    Total calculated
    $272,532
    From this org
    $0
    From related orgs
    $218,274
    Other
    $54,258
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,024 related
    Bonus
    $0
    Other
    $0 + $250 related
    Deferred
    $0 + $21,337 related
    Nontaxable benefits
    $0 + $32,921 related
    Filer's total
    $0 + $272,532 related

  • Krista Jackson

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Lauren M Dixon

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Gregory Felosky

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Wade A Sarkis

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Coleen Emblidge

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Lauren Sands

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • David Deraddo

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Gerrett Geartz

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Paul H Griswold

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Erin Heintz

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Phil Muscato

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Wanda Polisseni

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey P Siewert

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • David Sorce

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jody Stolt

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
As provided in the Form 990, Schedule J Instructions, since the organization relies on a related organization which uses one or more of the methods described in Line 3 to establish the top management officials' compensation, this question has been left unanswered. Refer to Schedule O, description of compensation review and approval process.
Schedule J, Part I, Line 4
The following individuals participated in a supplemental nonqualified retirement plan and received employer paid amounts that are included in deferred compensation. 457(F) plan payments were Michael Stapleton-$88,794 and Mark Prunoske-$34,881.
Schedule J, Part I, Line 7
The President/CEO, and Senior VP of Finance/CFO are eligible for a variable percent year end incentive based on predetermined goals. The goals are operational, financial and managerial in nature. The financial goals tie, in part, to the net earnings of the organization and it's affiliates.

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 INNOVATE NY FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • EXCELL MINORITY AND WOMEN OWNED BUSINESS INVESTMENT FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • EXCELL PARTNERS INNOVATION TC FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • FINGER LAKES VENTURE FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

Related corporations and trusts

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

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMACY · NY

    Directly controlled by HIGHLAND HOSPITAL

  • UR EQUITY HOLDINGS INC

    C · HOLDING CO · DE

    Directly controlled by UNIVERSITY OF ROCHESTER

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING CO · NY

    Directly controlled by FF THOMPSON HEALTH SYSTEM

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUBATOR · NY

    Directly controlled by ROCHESTER BIOVENTURE

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NETWORK · NY

    Directly controlled by UNIVERSITY OF ROCHESTER

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEPENDENT PRACTICE ASSOCIATION · NY

    Directly controlled by AHP LLC

  • AHP INSURANCE COMPANY

    C · CAPTIVE INSURANCE CO · VT

    Directly controlled by AHP LLC

  • LUMINATE VENTURE CHALLENGE CORP

    C · BUSINESS INCU · NY

    Directly controlled by NEXTCORPS INC

  • HORNELL MEDICAL VILLAGE LLC

    C · HOLD REAL ESTATE · NY

    Directly controlled by ST JAMES HOSPITAL

  • ROCHESTER BIOVENTURE CAPITL INC

    C · BIOTEH INCUB · NY

    Directly controlled by UNIVERSITY OF ROCHESTER

  • SOLDIER VENTURES INC

    C · MEDICAL SUPPLY CO · NY

    Directly controlled by SOLDIERS HOSPITAL

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.0
Source object
202513039349302461

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