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Nonprofiteer
← ALBANY MED HEALTH SYSTEM

Form 990 for tax year 2022

Filed by ALBANY MED HEALTH SYSTEM.

Totals

Total revenue
$5,018,752
Total expenses
$3,727,491
Contributions and grants received
$4,548,287
Grants paid
$3,097,231
Program service revenue
$0
Investment income
$256,078
Other revenue
$214,387
Total assets, end of year
$8,174,495
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,174,495
Program services expenses (Part IX)
$3,727,491
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,727,491

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

    $99,498

  • 1d · Related organizations

    $624,082

  • 1f · All other contributions, gifts and grants

    $3,824,707

  • 1g · Noncash contributions included above

    $13,100

  • 3 · Investment income

    total $115,698 · excluded $115,698

  • 7a · Gross sales of assets other than inventory

    securities $4,092,053

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

    securities $3,951,673

  • 7c · Gain or loss

    securities $140,380

  • 7d · Net gain or loss

    total $140,380 · excluded $140,380

  • 8a · Fundraising events: gross income

    $270,179

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

    $99,498

  • 8b · Fundraising events: direct expenses

    $55,792

  • 8c · Net income from fundraising events

    total $214,387 · excluded $214,387

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,097,231 · program services $3,097,231

  • 5 · Compensation of officers, directors and key employees

    total $229,595 · program services $229,595

  • 7 · Other salaries and wages

    total $146,718 · program services $146,718

  • 9 · Other employee benefits

    total $69,618 · program services $69,618

  • 11c · Fees: accounting

    total $6,931 · program services $6,931

  • 11g · Fees: other

    total $59,291 · program services $59,291

  • 12 · Advertising and promotion

    total $101,610 · program services $101,610

  • 13 · Office expenses

    total $7,442 · program services $7,442

  • 24a · Other expenses: BAD DEBT

    total $10,886 · program services $10,886

  • 24b · Other expenses: MISCELLANEOUS

    total -$1,831 · program services -$1,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,034,283 · end of year $1,592,340

  • 3 · Pledges and grants receivable

    beginning of year $304,804 · end of year $521,960

  • 11 · Investments: publicly traded securities

    beginning of year $7,029,642 · end of year $6,060,195

  • 27 · Net assets without donor restrictions

    beginning of year $2,308,824 · end of year $88,067

  • 28 · Net assets with donor restrictions

    beginning of year $6,059,905 · end of year $8,086,428

Mission and programs · 2022

Mission

GLENS FALLS HOSPITAL FOUNDATION WAS ESTABLISHED TO RAISE FUNDS FOR GLENS FALLS HOSPITAL, A 501 (C)(3) ORGANZATION. SEE SCHEDULE O FOR FURTHER DESCRIPTION.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE GLENS FALLS HOSPITAL FOUNDATION WAS ESTABLISHED PRIMARLY TO RAISE FUNDS FOR GLENS FALLS HOSPITAL. THE GLENS FALLS HOSPITAL FOUNDATION, A NOT-FOR-PROFIT CORPORATION, WAS INCORPORATED IN THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $3,727,491 · Grants $3,097,231

As filed on the 2022 return.

Listed in Part VII

  • Christopher Mason MD

    DIRECTOR

    Total calculated
    $672,767
    From this org
    $0
    From related orgs
    $661,155
    Other
    $11,612
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $552,825 related
    Bonus
    $0 + $107,909 related
    Other
    $0 + $421 related
    Deferred
    $0 + $11,612 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $672,767 related

  • Jordan Blackwood MD

    DIRECTOR

    Total calculated
    $615,877
    From this org
    $0
    From related orgs
    $604,140
    Other
    $11,737
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $437,691 related
    Bonus
    $0 + $147,655 related
    Other
    $0 + $18,794 related
    Deferred
    $0 + $11,737 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $615,877 related

  • Paul Scimeca

    PRESIDENT & CEO

    Total calculated
    $601,042
    From this org
    $0
    From related orgs
    $587,602
    Other
    $13,440
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,947 related
    Bonus
    $0 + $59,318 related
    Other
    $0 + $23,337 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $1,240 related
    Filer's total
    $0 + $601,042 related

  • Terry Celadon

    DIRECTOR

    Total calculated
    $19,962
    From this org
    $0
    From related orgs
    $19,962
    Other
    $0
    Hours/week
    0.5

  • Andrew Brodie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David J Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew C Harrison

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Helihy-Schwenker

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Joshua Koons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Mihaly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Monahan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kristy Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Ostrander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Tan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jayne Van Schaick DDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cindy Sherwood

    GFH VP FOUNDATION

    Total calculated
    $240,050
    From this org
    $0
    From related orgs
    $229,595
    Other
    $10,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $186,716 related
    Bonus
    $0 + $33,265 related
    Other
    $0 + $9,614 related
    Deferred
    $0 + $9,215 related
    Nontaxable benefits
    $0 + $1,240 related
    Filer's total
    $0 + $240,050 related

  • Diane Shugrue

    FORMER PRESIDENT & CEO

    Total calculated
    $138,749
    From this org
    $0
    From related orgs
    $138,749
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $8,365 related
    Other
    $0 + $130,384 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $138,749 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

The filer's explanations (Part III)

PART I, LINE 3
GLENS FALLS HOSPITAL IS THE PAYING ORGANIZATION FOR ALL SALARIES OF GLENS FALLS HOSPITAL FOUNDATION. IN DETERMINING THE COMPENSATION OF THE ORGANIZATIONS CEO, GLENS FALLS HOSPITAL, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION STUDIES AND BOARD APPROVAL.

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.

  • IMAGING SERVICES OF NORTHEASTERN NY LLC

    DIAG, RADIOLOGY · NY

Related corporations and trusts

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

  • COLUMBIA-GREENE SERVICES INC

    C · HEALTHCARE · NY

  • MADISON AVENUE SERVICES CORP

    C · OTHER (INACTIVE) · NY

  • VISITING NURSE ASSOCIATION OF ALBANY HOME CARE CORP

    C · HOME CARE · NY

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349310743

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