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Nonprofiteer
← ST LUKES CORNWALL HEALTH SYSTEM FOUNDATION INC

Form 990 for tax year 2022

Filed by ST LUKES CORNWALL HEALTH SYSTEM FOUNDATION INC.

Totals

Total revenue
$2,881,648
Total expenses
$642,567
Contributions and grants received
$2,970,177
Grants paid
$525,945
Program service revenue
$0
Investment income
$72
Other revenue
-$88,601
Total assets, end of year
$4,564,028
Total liabilities, end of year
$298,417
Net assets or fund balances, end of year
$4,265,611
Program services expenses (Part IX)
$525,945
Management and general expenses
$0
Fundraising expenses
$116,622
Program service expenses (Part III)
$525,945

Program services were 81.9% 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

    $367,834

  • 1f · All other contributions, gifts and grants

    $2,602,343

  • 1g · Noncash contributions included above

    $11,375

  • 3 · Investment income

    total $72 · related or exempt $0 · unrelated business $0 · excluded $72

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $65,581

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

    $367,834

  • 8b · Fundraising events: direct expenses

    $169,302

  • 8c · Net income from fundraising events

    total -$103,721 · unrelated business $0 · excluded -$103,721

  • 9a · Gaming: gross income

    $25,240

  • 9b · Gaming: direct expenses

    $10,120

  • 9c · Net income from gaming

    total $15,120 · related or exempt $0 · unrelated business $0 · excluded $15,120

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $520,445 · program services $520,445

  • 2 · Grants to domestic individuals

    total $5,500 · program services $5,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $40,347 · program services $0 · management and general $0 · fundraising $40,347

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $9,683 · program services $0 · management and general $0 · fundraising $9,683

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $14,797 · program services $0 · management and general $0 · fundraising $14,797

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $26,269 · program services $0 · management and general $0 · fundraising $26,269

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISC FUNDRAISING EXPENSES

    total $21,347 · program services $0 · management and general $0 · fundraising $21,347

  • 24b · Other expenses: DONOR RECOGNITION

    total $4,179 · program services $0 · management and general $0 · fundraising $4,179

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,554,844 · end of year $4,495,071

  • 3 · Pledges and grants receivable

    beginning of year $36,410 · end of year $49,474

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $18,933 · end of year $19,483

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $583,657 · end of year $298,417

  • 27 · Net assets without donor restrictions

    beginning of year $399,364 · end of year $357,718

  • 28 · Net assets with donor restrictions

    beginning of year $1,627,166 · end of year $3,907,893

Mission and programs · 2022

Mission

THE MISSION OF ST. LUKE'S CORNWALL HOSPITAL FOUNDATION, INC. IS TO FINANCIALLY SUPPORT HEALTHCARE INITIATIVES OF THE ST. LUKE'S CORNWALL HOSPITAL WHOSE SERVICES BENEFIT THE RESIDENTS OF THE MID-HUDSON VALLEY. THE ST. LUKE'S CORNWALL HOSPITAL FOUNDATION, INC. ACCOMPLISHES THIS MISSION BY: (1) DIRECTING DEVELOPMENT ACTIVITIES, INCLUDING INVESTMENTS TO SUPPORT CAPITAL NEEDS OF ST. LUKE'S CORNWALL HOSPIAL AND INNOVATIVE, EFFECTIVE PROGRAMS WHICH IMPROVE COMMUNITY RESIDENT'S ACCESS TO QUALITY HEALTHCARE SERVICES AND INFORMATION; AND (2) PROVIDING ADVOCACY TO ENSURE THE AVAILABILITY OF QUALITY MEDICAL CARE.

Activities or mission (Part I)

TO FINANCIALLY SUPPORT HEALTHCARE INITIATIVES OF THE ST. LUKE'S CORNWALL HOSPITAL WHOSE SERVICES BENEFIT THE RESIDENTS OF THE MID-HUDSON VALLEY.

  • The Foundation provides FINANCIAL SUPPORT for HEALTHCARE INITIATIVES OF ST. LUKE'S CORNWALL Hospital WHOSE SERVICES BENEFITS THE RESIDENTS OF THE MID-HUDSON VALLEY. The Foundation is involved in development activities to support the capital needs of St Luke's Cornwall Hospital, improve community resident's access to quality healthcare services and information and provide advocacy to ensure the availability of quality medical care.

    Expenses $525,945 · Grants $525,945

As filed on the 2022 return.

Listed in Part VII

  • Daniel Maughan RN

    President & CEO

    Total calculated
    $693,179
    From this org
    $0
    From related orgs
    $677,381
    Other
    $15,798
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,567 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $7,814 related
    Deferred
    $0 + $13,743 related
    Nontaxable benefits
    $0 + $2,055 related
    Filer's total
    $0 + $693,179 related

  • THOMAS J GIBNEY

    Board Treasurer/SVP & CFO

    Total calculated
    $586,800
    From this org
    $0
    From related orgs
    $534,255
    Other
    $52,545
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $467,231 related
    Bonus
    $0 + $59,500 related
    Other
    $0 + $7,524 related
    Deferred
    $0 + $15,578 related
    Nontaxable benefits
    $0 + $36,967 related
    Filer's total
    $0 + $586,800 related

  • JOAN CUSACK-MCGUIRK

    FORMER OFFICER

    Total calculated
    $341,271
    From this org
    $0
    From related orgs
    $341,271
    Other
    $0
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $24,482 related
    Bonus
    $0 + $78,931 related
    Other
    $0 + $237,858 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $341,271 related

  • Katherine M Dabroski

    Executive Director

    Total calculated
    $282,652
    From this org
    $0
    From related orgs
    $232,358
    Other
    $50,294
    Hours/week
    14 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,722 related
    Bonus
    $0 + $18,150 related
    Other
    $0 + $486 related
    Deferred
    $0 + $9,253 related
    Nontaxable benefits
    $0 + $41,041 related
    Filer's total
    $0 + $282,652 related

  • JILL CAPPA

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY DEGEN MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HATFIELD

    Chair

    Total calculated
    $0
    Hours/week
    1

  • MARGARET PELELLA

    DIRECTOR (Resigned 12/2022)

    Total calculated
    $0
    Hours/week
    1

  • Manita Sawhney DO

    Director

    Total calculated
    $0
    Hours/week
    1 + 54 related

  • Charles Frankel Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Kirtio

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Mehul P Patel MD

    Director (Term 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Susan J Paunovic DDS

    Director (Term 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Jocelyn Calabretta-Canning

    Director (Resigned 6/3/22)

    Total calculated
    $0
    Hours/week
    1

  • Eileen V Osterby

    Director ( Resigned 1/2022)

    Total calculated
    $0
    Hours/week
    1

  • Debra Stillman

    Director

    Total calculated
    $0
    Hours/week
    1

  • James Crinieri

    director

    Total calculated
    $0
    Hours/week
    1

  • Donna M Conklin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory T DeBenedictus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph B Steffy IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Dombroski

    Director (as of Sept 2022)

    Total calculated
    $0
    Hours/week
    1

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, line 7
An annual incentive award paid by the organization to an officer was based on management discretion.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343119349301249

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