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Nonprofiteer
← SOUTHAMPTON HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by SOUTHAMPTON HOSPITAL FOUNDATION INC.

Totals

Total revenue
$17,725,918
Total expenses
$21,407,232
Contributions and grants received
$17,452,733
Grants paid
$19,415,592
Program service revenue
$0
Investment income
$750,487
Other revenue
-$477,302
Total assets, end of year
$21,667,686
Total liabilities, end of year
$3,706,385
Net assets or fund balances, end of year
$17,961,301
Program services expenses (Part IX)
$19,415,592
Management and general expenses
$49,288
Fundraising expenses
$1,942,352
Program service expenses (Part III)
$19,415,592

Program services were 90.7% 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

    $2,316,313

  • 1f · All other contributions, gifts and grants

    $15,136,420

  • 1g · Noncash contributions included above

    $548,864

  • 3 · Investment income

    total $479,471 · excluded $479,471

  • 7a · Gross sales of assets other than inventory

    securities $19,955,401

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

    securities $19,684,385

  • 7c · Gain or loss

    securities $271,016

  • 7d · Net gain or loss

    total $271,016 · excluded $271,016

  • 8a · Fundraising events: gross income

    $353,021

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

    $2,316,313

  • 8b · Fundraising events: direct expenses

    $830,323

  • 8c · Net income from fundraising events

    total -$477,302 · excluded -$477,302

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,415,592 · program services $19,415,592

  • 5 · Compensation of officers, directors and key employees

    total $185,550 · fundraising $185,550

  • 6 · Compensation of disqualified persons

    total $64,318 · fundraising $64,318

  • 7 · Other salaries and wages

    total $354,695 · fundraising $354,695

  • 8 · Pension plan contributions

    total $61,242 · fundraising $61,242

  • 9 · Other employee benefits

    total $35,613 · fundraising $35,613

  • 10 · Payroll taxes

    total $44,917 · fundraising $44,917

  • 11e · Fees: professional fundraising services

    total $514,496 · fundraising $514,496

  • 11f · Fees: investment management

    total $49,288 · management and general $49,288

  • 11g · Fees: other

    total $179,361 · fundraising $179,361

  • 13 · Office expenses

    total $26,429 · fundraising $26,429

  • 16 · Occupancy

    total $57,518 · fundraising $57,518

  • 17 · Travel

    total $14,190 · fundraising $14,190

  • 24a · Other expenses: EVENT EXPENSES

    total $388,209 · fundraising $388,209

  • 24b · Other expenses: OTHER DIRECT EXPENSES

    total $15,814 · fundraising $15,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,226,732 · end of year $582,327

  • 2 · Savings and temporary cash investments

    beginning of year $22,532,318 · end of year $19,645,781

  • 3 · Pledges and grants receivable

    beginning of year $2,577,369 · end of year $1,439,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,821,089 · end of year $3,706,385

  • 27 · Net assets without donor restrictions

    beginning of year $613,714 · end of year $2,716,100

  • 28 · Net assets with donor restrictions

    beginning of year $20,901,616 · end of year $15,245,201

Mission and programs · 2023

Mission

THE SOUTHAMPTON HOSPITAL FOUNDATION, INC., A SEPARATE NONPROFIT CORPORATION WITH AN INDEPENDENT BOARD OF TRUSTEES, SUPPORTS STONY BROOK SOUTHAMPTON HOSPITAL'S MISSION TO DELIVER HEALTHCARE SERVICES AND EXPAND CLINICAL PROGRAMS TO MEET THE NEEDS OF ITS EAST ENDCOMMUNITIES. ALTHOUGH THE SOUTHAMPTON HOSPITAL FOUNDATION, INC., HAS EXISTED FOR SOME TIME, RECENT CHANGES TO ITS STRUCTURE AND MISSION HAVE PUT GREATER EMPHASIS ON FUND RAISING FOR AND INCREASED PUBLIC AWARENESS OF THE HOSPITAL'S PROGRAMS AND SERVICES. THE FOUNDATION CONCENTRATES ITS EFFORTS ON INCREASING CRITICAL PHILANTHROPIC SUPPORT TO ENSURE HIGH-QUALITY HEALTHCARE FOR ALL OUR NEIGHBORS ON THE EAST END. IN 2023, WE ANTICIPATE FURTHERING MONIES RAISED TOWARD THE NEW GOAL FOR THE EAST HAMPTON EMERGENCY DEPARTMENT OF $50M RESULTING FROM POST-COVID SUPPLY COST INCREASES, AS WELL AS FURTHERING THE CAPITAL CAMPAIGN TO BUILD A NEW STONY BROOK SOUTHAMPTON HOSPITAL.

Activities or mission (Part I)

TO HEIGHTEN AWARENESS, PROMOTE GOODWILL AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL AS WELL AS SOUTHAMPTON HOSPITALASSOCIATION, A RELATED 501(C)(3) ORGANIZATION.

  • SEE SCHEDULE OSOUTHAMPTON HOSPITAL FOUNDATION IS THE FUND-RAISING ORGANIZATION OF THE SOUTHAMPTON HOSPITAL ASSOCIATION. A SEPARATE, NOT-FOR-PROFIT CORPORATION, THE FOUNDATION SEEKS TO HEIGHTEN AWARENESS AND MAXIMIZE PRIVATE PHILANTHROPY TO ADVANCE AND STRENGTHEN THE MISSION AND VISION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN CALENDAR YEAR 2023, THE FOUNDATION RAISED A TOTAL OF $17,805,754 IN CASH AND PLEDGES, FROM PRIVATE FOUNDATIONS, BUSINESSES, AND INDIVIDUALS IN SUPPORT OF STONY BROOK SOUTHAMPTON HOSPITAL'S GENERAL AND RESTRICTED PURPOSES. OF THIS TOTAL, $17,805,754 WERE CASH CONTRIBUTIONS. CONTRIBUTIONS ARE USED TO SUPPORT GENERAL OPERATING NEEDS AS WELL AS A RANGE OF SPECIFIC CLINICAL PROGRAMS AND SERVICES, MEDICAL TECHNOLOGY, AND EQUIPMENT AS WELL AS UNCOMPENSATED CARE AND SUPPORT SERVICES FOR VULNERABLE POPULATIONS.THE FOUNDATION RAISES FUNDS THROUGH A BROAD ARRAY OF FUNDRAISING ACTIVITIES INCLUDING SPECIAL EVENTS, GRANTS, DIRECT MAIL, CAPITAL CAMPAIGNS, PLANNED GIFTS, MAJOR GIFT SOLICITATIONS AND SOCIAL NETWORKING. THE FOUNDATION ALSO COLLABORATES WITH LOCAL AND REGIONAL COMMUNITY AND FRATERNAL ORGANIZATIONS TO RAISE FUNDS TO ADVANCE THE MISSION OF STONY BROOK SOUTHAMPTON HOSPITAL.IN 2023, IN ADDITION TO UNRESTRICTED FUNDS, THE FOUNDATION UNDERTOOK FUND RAISING INITIATIVES IN SUPPORT OF KEY CLINICAL INITIATIVES THAT WERE SUPPORTIVE OF THE HOSPITAL'S STRATEGIC PLAN. THESE CLINICAL INITIATIVES INCLUDED THE PAULSON FAMILY EMERGENCY DEPARTMENT, THE AUDREY AND MARTIN GRUSS HEART & STROKE CENTER, THE ED & PHYLLIS DAVIS WELLNESS INSTITUTE, THE ELLEN HERMANSON BREAST CENTER, THE KATHLEEN D. ALLEN MATERNITY CENTER, THE EDIE WINDSOR HEALTHCARE CENTER, THE REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, AND THE PHILLIPS FAMILY CANCER CENTER. THE FOUNDATION ALSO PLANNED AND IMPLEMENTED ITS 65TH ANNUAL SUMMER PARTY THE OBJECTIVE OF WHICH IS TO HEIGHTEN AWARENESS OF AND RAISE FUNDS IN SUPPORT OF THE HOSPITAL'S NEEDS. IN 2023, SOUTHAMPTON HOSPITAL FOUNDATION PARTNERED WITH THE ELLEN P. HERMANSON FOUNDATION TO RAISE FUNDS ON BEHALF OF A BROAD SPECTRUM OF NEEDS RELATED TO WOMEN WITH BREAST CANCER. FUND RAISING INITIATIVES RESULTED IN THE PURCHASE OF MEDICAL EQUIPMENT AND TECHNOLOGY AND FUNDED SUPPORT SERVICES. ADDITIONALLY, WE COLLABORATED WITH INDIVIDUALS AND ORGANIZATIONS TO RAISE FUNDS FOR OUR REGIONAL TICK-BORNE DISEASE RESOURCE CENTER, CENTER FOR PARKINSON'S DISEASE, AND PALLIATIVE CARE PROGRAMS. FINALLY, WE CONTINUED TO PLAN FOR A MAJOR CAPITAL CAMPAIGN IN SUPPORT OF A NEW, STATE-OF-THE-ART COMMUNITY HOSPITAL.IN 2023 LAUNCHED THE QUIET PHASE OF A MAJOR CAPITAL CAMPAIGN TO BUILD A NEW STONY BROOK SOUTHAMPTON HOSPITAL.

    Expenses $19,415,592 · Grants $19,415,592

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

Listed in Part VII

  • Howard M Lorber

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Gilbert W Harrison

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Jean Remmel Little

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Paul C Brennan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John M Hadlock Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Alex Karloutsos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Charles B Krusen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Adam Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bettina A Stelle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher J Schultheis

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Robert S Chaloner

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    7.5 + 2.5 related

  • Mirella S Cameran Reilly

    INTERIM CDO

    Total calculated
    $185,550
    From this org
    $179,141
    From related orgs
    $0
    Other
    $6,409
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $128,187
    Bonus
    $50,434
    Other
    $520
    Deferred
    $6,409
    Nontaxable benefits
    $0
    Filer's total
    $185,550

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
MIRELLA S. CAMERAN REILLY RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF 50,434.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349315219

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