Form 990 for tax year 2024
Filed by SOUTHAMPTON HOSPITAL ASSOCIATION.
Totals
- Total revenue
- $29,727,704
- Total expenses
- $1,278,800
- Contributions and grants received
- $28,982,093
- Grants paid
- $0
- Program service revenue
- $294,325
- Investment income
- $444,745
- Other revenue
- $6,541
- Total assets, end of year
- $116,564,916
- Total liabilities, end of year
- $28,960,168
- Net assets or fund balances, end of year
- $87,604,748
- Program services expenses (Part IX)
- $1,105,038
- Management and general expenses
- $173,762
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,105,038
Program services were 86.4% 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.
-
1d · Related organizations
$23,542,917
-
1e · Government grants (contributions)
$5,439,176
-
2a · Program service revenue: LEASE INCOME
total $294,325 · related or exempt $294,325
-
3 · Investment income
total $352,666 · excluded $352,666
-
7a · Gross sales of assets other than inventory
securities $3,009,441
-
7b · Less cost or other basis and sales expenses
securities $2,917,362
-
7c · Gain or loss
securities $92,079
-
7d · Net gain or loss
total $92,079 · excluded $92,079
-
11a · Other revenue: MISCELLANEOUS
total $6,541 · related or exempt $6,541
-
11e · Other revenue, total
$6,541
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $12,602 · management and general $12,602
-
11c · Fees: accounting
total $88,764 · management and general $88,764
-
11f · Fees: investment management
total $72,396 · management and general $72,396
-
16 · Occupancy
total $1,108,966 · program services $1,108,966
-
20 · Interest
total $85,726 · program services $85,726
-
23 · Insurance
total -$123,075 · program services -$123,075
-
24a · Other expenses: LICENSES AND TAXES
total $28,476 · program services $28,476
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $4,945 · program services $4,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $586,013 · end of year $224,458
-
2 · Savings and temporary cash investments
beginning of year $66,075 · end of year $66,011
-
3 · Pledges and grants receivable
beginning of year $1,650,000 · end of year $1,999,268
-
9 · Prepaid expenses and deferred charges
beginning of year $39,544 · end of year $45,161
-
10a · Land, buildings and equipment: cost or other basis
$59,785,130
-
10c · Land, buildings and equipment, net
beginning of year $29,928,197 · end of year $59,785,130
-
12 · Investments: other securities
beginning of year $11,029,989 · end of year $13,998,365
-
15 · Other assets
beginning of year $55,327,605 · end of year $40,446,523
-
17 · Accounts payable and accrued expenses
beginning of year $142,748 · end of year $973,588
-
20 · Tax-exempt bond liabilities
beginning of year $29,690,702 · end of year $26,465,679
-
25 · Other liabilities
beginning of year $3,859,735 · end of year $1,520,901
-
27 · Net assets without donor restrictions
beginning of year $46,721,472 · end of year $78,701,191
-
28 · Net assets with donor restrictions
beginning of year $18,212,766 · end of year $8,903,557
Mission and programs · 2024
Mission
SEE SCHEDULE OTHE MISSION OF THE SOUTHAMPTON HOSPITAL ASSOCIATION (SHA), A NOT FOR-PROFIT MEMBERSHIP CORPORATION ORGANIZED AND EXISTING UNDER THE LAWS OF NEW YORK STATE, IS TO PROMOTE THE HEALTH OF PEOPLE IN THE COMMUNITIES ON THE SOUTH FORK OF LONG ISLAND FROM WESTHAMPTON TO MONTAUK AND SHELTER ISLAND BY PARTICIPATING IN AN AFFILIATION WITH STATE UNIVERSITY OF NEW YORK (SUNY) ACTING THROUGH STONY BROOK UNIVERSITY HOSPITAL (SBUH) PURSUANT TO AN INTEGRATION AND AFFILIATION AGREEMENT AND A LEASE BETWEEN SHA AND SUNY/SBUH.
Activities or mission (Part I)
TO PROMOTE THE HIGHEST QUALITY OF HEALTHCARE SERVICES FOR ITS ENTIRE COMMUNITY.
-
TO PROMOTE THE HEALTH OF PEOPLE IN THE COMMUNITIES ON THE SOUTH FORK OF LONG ISLAND FROM WESTHAMPTON TO MONTAUK AND SHELTER ISLAND.
Expenses $1,105,038 · Revenue $300,866
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
George F Biondo EsqGEORGE F BIONDO ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Howard CoxHOWARD COX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Andrew DavisANDREW DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
James ForbesJAMES FORBES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.25
-
Elena FordELENA FORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
George P KazdinGEORGE P KAZDIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Jay K LevineJAY K LEVINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Richard Lisman MDRICHARD LISMAN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
James MacGregorJAMES MACGREGOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Oscar MolinaOSCAR MOLINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Allison MorrowALLISON MORROW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Louise PhanstielLOUISE PHANSTIEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Florence Rolston MDFLORENCE ROLSTON MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Michael F SmithMICHAEL F SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
John WamboldJOHN WAMBOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Kenneth B WrightKENNETH B WRIGHT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Andrew WetenhallANDREW WETENHALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Darin G Wiggins MDDARIN G WIGGINS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Emily MastalerEMILY MASTALER
PRESIDENT & CAO
- Total calculated
- $0
- Hours/week
- 2.5 + 0.5 related
-
Charles Arcoleo MDCHARLES ARCOLEO MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.25
-
Christopher J SchultheisCHRISTOPHER J SCHULTHEIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 2.5 + 0.5 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.
Grants on this return
No itemized grants to organizations 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.
-
501(C)(3) · NURSING HOME · NY
-
THE SOUTHAMPTON HOSPITAL FOUNDATION
501(C)(3) · SERVICE PROVIDER · NY · controlled entity
Directly controlled by SHA
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.
-
SHA PROPERTIES
C · REAL ESTATE · NY · 100% owned · share of assets $13,162 · controlled entity
Directly controlled by SHA
-
OLD TOWN MEDICAL PRACTICE PC
C · MEDICAL PRACTICE · NY · 100% owned · controlled entity
Directly controlled by SHA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349309335
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