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Nonprofiteer
← ADIRONDACK MEDICAL CENTER FOUNDATION

Form 990 for tax year 2024

Filed by ADIRONDACK MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$4,224,388
Total expenses
$1,110,652
Contributions and grants received
$2,626,259
Grants paid
$577,139
Program service revenue
$0
Investment income
$1,598,129
Other revenue
$0
Total assets, end of year
$29,247,309
Total liabilities, end of year
$37,615
Net assets or fund balances, end of year
$29,209,694
Program services expenses (Part IX)
$657,607
Management and general expenses
$165,325
Fundraising expenses
$287,720
Program service expenses (Part III)
$657,607

Program services were 59.2% 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

    $263,427

  • 1f · All other contributions, gifts and grants

    $2,362,832

  • 1g · Noncash contributions included above

    $259,849

  • 3 · Investment income

    total $728,480 · excluded $728,480

  • 7a · Gross sales of assets other than inventory

    securities $869,649

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

    securities $0

  • 7c · Gain or loss

    securities $869,649

  • 7d · Net gain or loss

    total $869,649 · excluded $869,649

  • 8a · Fundraising events: gross income

    $148,370

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

    $263,427

  • 8b · Fundraising events: direct expenses

    $148,370

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $577,139 · program services $577,139

  • 5 · Compensation of officers, directors and key employees

    total $171,031 · program services $34,206 · management and general $34,206 · fundraising $102,619

  • 7 · Other salaries and wages

    total $161,066 · program services $32,213 · management and general $32,213 · fundraising $96,640

  • 8 · Pension plan contributions

    total $12,591 · program services $2,518 · management and general $2,518 · fundraising $7,555

  • 9 · Other employee benefits

    total $14,486 · program services $2,897 · management and general $2,897 · fundraising $8,692

  • 10 · Payroll taxes

    total $23,799 · program services $4,760 · management and general $4,760 · fundraising $14,279

  • 11b · Fees: legal

    total $113 · management and general $113

  • 11c · Fees: accounting

    total $775 · management and general $775

  • 11f · Fees: investment management

    total $73,033 · management and general $73,033

  • 11g · Fees: other

    total $15,982 · management and general $3,196 · fundraising $12,786

  • 12 · Advertising and promotion

    total $5,440 · fundraising $5,440

  • 13 · Office expenses

    total $4,309 · program services $862 · management and general $862 · fundraising $2,585

  • 19 · Conferences, conventions and meetings

    total $4,457 · management and general $4,457

  • 24a · Other expenses: FUNDRAISING

    total $18,238 · fundraising $18,238

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,090 · program services $818 · management and general $818 · fundraising $2,454

  • 24e · All other expenses

    total $24,103 · program services $2,194 · management and general $5,477 · fundraising $16,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $361,916 · end of year $78,943

  • 2 · Savings and temporary cash investments

    beginning of year $615,064 · end of year $179,935

  • 3 · Pledges and grants receivable

    beginning of year $1,381,996 · end of year $1,358,844

  • 11 · Investments: publicly traded securities

    beginning of year $22,856,398 · end of year $19,821,058

  • 15 · Other assets

    beginning of year $10,088 · end of year $7,808,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,811 · end of year $0

  • 25 · Other liabilities

    beginning of year $18,138 · end of year $37,615

  • 27 · Net assets without donor restrictions

    beginning of year $18,931,420 · end of year $21,042,321

  • 28 · Net assets with donor restrictions

    beginning of year $6,271,093 · end of year $8,167,373

Mission and programs · 2024

Mission

TO SUPPORT AND ASSIST ADIRONDACK MEDICAL CENTER, AN EXEMPT HEALTHCARE ORGANIZATION.

  • FUTURE OF CARE CAMPAIGN - FUNDS WILL BE USED BY THE ADIRONDACK MEDICAL CENTER TO COMPLETE CAPITAL PROJECTS FOR SURGICAL SERVICES AND LAKE PLACID HEALTH & MEDICAL FITNESS CENTER.

    Expenses $82,976 · Grants $82,976

  • FUNDING TO VARIOUS ADIRONDACK MEDICAL CENTER DEPARTMENTS FOR MINI-GRANTS OF UP TO $5,000 FOR PROJECTS WHICH ENHANCE PATIENT CARE OR PATIENT SAFETY.

    Expenses $80,468

  • RESTRICTED GIFTS PAYOUT - DONOR RESTRICTED GIFTS TO ADIRONDACK MEDICAL CENTER DEPARTMENTS ARE USED BY THE DEPARTMENT TO ENHANCE PATIENT CARE.

    Expenses $494,163 · Grants $494,163

  • COMMUNITY HEALTH AND HEALTHCARE SCHOLARSHIPS - THE FOUNDATION FUNDED A BI-ANNUAL HEALTH MAGAZINE WHICH IS MAILED TO STAFF, DONORS, AND AVAILABLE IN THROUGHOUT THE HOSPITAL AND HEALTH CENTERS. ONE $3,500 HEALTHCARE SCHOLARSHIP WAS AWARDED TO A COLLEGE STUDENT PURSUING A DEGREE IN DIAGNOSTIC MEDICAL SONOGRAPHY.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aaron Kramer

    EX-OFFICIO

    Total calculated
    $407,382
    From this org
    $0
    From related orgs
    $392,193
    Other
    $15,189
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $342,752 related
    Bonus
    $0 + $49,441 related
    Other
    $0
    Deferred
    $0 + $14,923 related
    Nontaxable benefits
    $0 + $266 related
    Filer's total
    $0 + $407,382 related
  • Daniel F Kelleher

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Heather Bumsted

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Erin Perkins

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Robert J Beier

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Joseph Beck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Edward Bickford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Timothy Reilly

    EX-OFFICIO, AH BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Eve Burns Do

    TRUSTEE

    Total calculated
    $436,305
    From this org
    $0
    From related orgs
    $422,970
    Other
    $13,335
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $411,270 related
    Bonus
    $0 + $11,700 related
    Other
    $0
    Deferred
    $0 + $13,065 related
    Nontaxable benefits
    $0 + $270 related
    Filer's total
    $0 + $436,305 related
  • Thomas Green MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Maggie Ho Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Heidi Holderied

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • John Huwiler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Kelly Larkin MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Nina Merrill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Matthew D Norfolk Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Nick Politi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Noelle Short

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Edward Ughetta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Paula Ryan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Holly Wolff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Peter Van Etten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Matthew S Levitties

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Hannah Hanford

    EXECUTIVE DIRECTOR

    Total calculated
    $171,032
    From this org
    $150,016
    From related orgs
    $0
    Other
    $21,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,016
    Bonus
    $0
    Other
    $0
    Deferred
    $6,984
    Nontaxable benefits
    $14,032
    Filer's total
    $171,032

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

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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513109349301711

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