Skip to content
Nonprofiteer
← FINGER LAKES HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by FINGER LAKES HEALTH FOUNDATION INC.

Totals

Total revenue
$7,034,460
Total expenses
$4,768,424
Contributions and grants received
$369,902
Grants paid
$4,160,103
Program service revenue
$0
Investment income
$6,665,615
Other revenue
-$1,057
Total assets, end of year
$41,646,993
Total liabilities, end of year
$12,269,676
Net assets or fund balances, end of year
$29,377,317
Program services expenses (Part IX)
$4,160,103
Management and general expenses
$67,571
Fundraising expenses
$540,750
Program service expenses (Part III)
$4,160,103

Program services were 87.2% 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

    $17,441

  • 1f · All other contributions, gifts and grants

    $352,461

  • 3 · Investment income

    total $863,505 · excluded $863,505

  • 7a · Gross sales of assets other than inventory

    securities $5,802,110

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

    securities $0

  • 7c · Gain or loss

    securities $5,802,110

  • 7d · Net gain or loss

    total $5,802,110 · excluded $5,802,110

  • 8a · Fundraising events: gross income

    $0

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

    $17,441

  • 8b · Fundraising events: direct expenses

    $1,057

  • 8c · Net income from fundraising events

    total -$1,057 · excluded -$1,057

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,160,103 · program services $4,160,103

  • 7 · Other salaries and wages

    total $108,151 · management and general $14,549 · fundraising $93,602

  • 9 · Other employee benefits

    total $23,000 · management and general $3,094 · fundraising $19,906

  • 11a · Fees: management

    total $1,565 · management and general $1,565

  • 11c · Fees: accounting

    total $29,055 · management and general $29,055

  • 13 · Office expenses

    total $5,618 · management and general $5,618

  • 14 · Information technology

    total $600 · management and general $600

  • 16 · Occupancy

    total $7,104 · management and general $7,104

  • 20 · Interest

    total $250,552 · fundraising $250,552

  • 24a · Other expenses: SHARED SERVICES

    total $176,690 · fundraising $176,690

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $4,305 · management and general $4,305

  • 24c · Other expenses: PURCHASED SERVICES

    total $1,561 · management and general $1,561

  • 24d · Other expenses: SUPPLIES

    total $120 · management and general $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,989 · end of year $928,154

  • 2 · Savings and temporary cash investments

    beginning of year $404,443 · end of year $472,062

  • 3 · Pledges and grants receivable

    beginning of year $76,690 · end of year $51,122

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

    $27,865

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

    $27,865

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $39,002,427 · end of year $37,957,909

  • 15 · Other assets

    beginning of year $3,239,144 · end of year $2,237,746

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,113 · end of year $31,425

  • 23 · Secured mortgages and notes payable

    beginning of year $7,075,776 · end of year $6,615,523

  • 25 · Other liabilities

    beginning of year $8,710,112 · end of year $5,622,728

  • 27 · Net assets without donor restrictions

    beginning of year $25,074,790 · end of year $25,396,396

  • 28 · Net assets with donor restrictions

    beginning of year $2,520,902 · end of year $3,980,921

Mission and programs · 2023

Mission

FINGER LAKES HEALTH FOUNDATION'S MISSION IS TO CULTIVATE, SECURE, AND STEWARD PHILANTHROPIC GIFTS TO SUPPORT THE CAPITAL, PROGRAMMATIC, AND ENDOWMENT NEEDS OF FINGER LAKES HEALTH.

Activities or mission (Part I)

COORDINATE THE FUNDRAISING ACTIVITIES FOR FINGER LAKES HEALTH.

  • THE FINGER LAKES HEALTH FOUNDATION COORDINATES FUNDRAISING ACTIVITIES FOR GENEVA GENERAL HOSPITAL, LIVING CENTER AT GENEVA SOUTH, LIVING CENTER AT GENEVA NORTH, HUNTINGTON LIVING CENTER, AND SOLDIERS AND SAILORS MEMORIAL HOSPITAL. THE FINGER LAKES HEALTH FOUNDATION ALSO CONSIDERS REQUESTS FOR PROJECTS WHICH ARE DESIGNATED TO ENHANCE THE QUALITY OF HEALTH CARE, EXPAND SERVICES, AND PROVIDE PERSONNEL AND EQUIPMENT FOR DESIGNATED NEEDS AT THESE FACILITIES.

    Expenses $4,160,103 · Grants $4,160,103

As filed on the 2023 return.

Listed in Part VII

  • Lara C Turbide

    EXECUTIVE DIRECTOR

    Total calculated
    $399,355
    From this org
    $0
    From related orgs
    $345,647
    Other
    $53,708
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,714 related
    Bonus
    $0 + $23,209 related
    Other
    $0 + $111,724 related
    Deferred
    $0 + $43,000 related
    Nontaxable benefits
    $0 + $10,708 related
    Filer's total
    $0 + $399,355 related

  • Laura Van Niel

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jose A Acevedo MD

    PRESIDENT

    Total calculated
    $1,010,435
    From this org
    $0
    From related orgs
    $945,580
    Other
    $64,855
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $628,385 related
    Bonus
    $0 + $316,007 related
    Other
    $0 + $1,188 related
    Deferred
    $0 + $52,500 related
    Nontaxable benefits
    $0 + $12,355 related
    Filer's total
    $0 + $1,010,435 related

  • Trisha Koczent

    TREASURER/CFO

    Total calculated
    $446,092
    From this org
    $0
    From related orgs
    $392,815
    Other
    $53,277
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,001 related
    Bonus
    $0 + $77,400 related
    Other
    $0 + $414 related
    Deferred
    $0 + $52,500 related
    Nontaxable benefits
    $0 + $777 related
    Filer's total
    $0 + $446,092 related

  • Joan Grela

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ketul Patel MD

    CHIEF OF ANESTHESIA

    Total calculated
    $504,538
    From this org
    $0
    From related orgs
    $460,653
    Other
    $43,885
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,193 related
    Bonus
    $0 + $30,410 related
    Other
    $0 + $25,050 related
    Deferred
    $0 + $49,388 related
    Nontaxable benefits
    $0 + -$5,503 related
    Filer's total
    $0 + $504,538 related

  • Barbara Reese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodolfo Queiroz MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Ernst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Eisenhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Dewitt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathy Sperrick

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Doug Phillips

    DIRECTOR

    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

  • 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 4B
CERTAIN OFFICERS AND DIRECTORS OF FINGER LAKES HEALTH FOUNDATION PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PROVIDED BY GENEVA GENERAL HOSPITAL, A RELATED IRC SECTION 501(C)(3) ORGANIZATION. GGH DEPOSITED $120,000 INTO A 457(F) PLAN IN 2023 FOR JOSE ACEVEDO, MD, MBA, PRESIDENT & CEO.

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.

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMA · NY

    Directly controlled by HIGHLD HOSP

  • UR EQUITY HOLDINGS INC

    C · HOLDING COMPA · DE

    Directly controlled by UNIV OF ROCH

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING COMPA · NY

    Directly controlled by FFTHS INC

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUB · NY

    Directly controlled by ROCH BIOVENTURE

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NET · NY

    Directly controlled by UNIV OF ROCH

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRACT A · NY

    Directly controlled by AHP LLC

  • AHP INSURANCE COMPANY

    C · CAPTIVE INS C · 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 EST · NY

    Directly controlled by ST JAMES

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUB · NY

    Directly controlled by UNIV OF ROCH

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423199349302617

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.