Totals
- Total revenue
- $4,504,561
- Total expenses
- $2,330,514
- Contributions and grants received
- $3,624,658
- Grants paid
- $193,889
- Program service revenue
- $350,199
- Investment income
- $529,704
- Other revenue
- $0
- Total assets, end of year
- $40,805,017
- Total liabilities, end of year
- $175,649
- Net assets or fund balances, end of year
- $40,629,368
- Program services expenses (Part IX)
- $2,305,030
- Management and general expenses
- $25,484
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,305,030
Program services were 98.9% 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.
-
1d · Related organizations
$678,245
-
1f · All other contributions, gifts and grants
$2,946,413
-
1g · Noncash contributions included above
$1,005,038
-
2a · Program service revenue: Sponsored, Program & Educational Research
total $350,199 · related or exempt $350,199
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $529,704 · unrelated business $94,433 · excluded $435,271
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $144,361 · program services $144,361
-
2 · Grants to domestic individuals
total $17,998 · program services $17,998
-
3 · Grants to foreign organizations and individuals
total $31,530 · program services $31,530
-
11g · Fees: other
total $1,376,180 · program services $1,371,264 · management and general $4,916 · fundraising $0
-
13 · Office expenses
total $2,085 · program services $1,498 · management and general $587
-
14 · Information technology
total $346 · program services $346
-
17 · Travel
total $63,929 · program services $63,929
-
19 · Conferences, conventions and meetings
total $262,709 · program services $262,543 · management and general $166
-
23 · Insurance
total $1,826 · program services $1,826
-
24a · Other expenses: Lab fees, equipment & supplies
total $294,018 · program services $294,018
-
24b · Other expenses: Educational materials & honorariums
total $95,635 · program services $95,435 · management and general $200
-
24c · Other expenses: Dues and memberships
total $15,089 · program services $15,089
-
24d · Other expenses: Tax Payments
total $10,000 · management and general $10,000
-
24e · All other expenses
total $14,808 · program services $5,193 · management and general $9,615 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,000 · end of year $50,000
-
2 · Savings and temporary cash investments
beginning of year $224,408 · end of year $428,892
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $60,845 · end of year $21,500
-
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
-
10a · Land, buildings and equipment: cost or other basis
$6,319
-
10b · Land, buildings and equipment: accumulated depreciation
$6,319
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $34,960,484 · end of year $40,304,625
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $369,947 · end of year $136,183
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $45,561 · end of year $39,466
-
27 · Net assets without donor restrictions
beginning of year $27,382,612 · end of year $31,964,503
-
28 · Net assets with donor restrictions
beginning of year $7,497,617 · end of year $8,664,865
Mission and programs · 2023
Mission
THE HITCHCOCK FOUNDATION'S PURPOSE IS TO AID AND ADVANCE THE STUDY AND INVESTIGATION OF HUMAN AILMENTS AND INJURIES; AND THE CAUSES, PREVENTION, RELIEF, AND CURE THEREOF; AND THE STUDY AND INVESTIGATION OF PROBLEMS OF HYGIENE, HEALTH AND PUBLIC WELFARE; AND THE PROMOTION OF MEDICAL, SURGICAL AND SCIENTIFIC LEARNING, SKILL, EDUCATION AND INVESTIGATION; AND TO ENGAGE IN MEDICAL, SURGICAL AND SCIENTIFIC RESEARCH IN THE BROADEST SENSE.
Activities or mission (Part I)
To advance the study of human ailments & injuries; the cause, prevention, relief, and cure thereof; hygiene, health & public welfare; and to assist in research in the broadest sense.
-
THE HITCHCOCK FOUNDATION PROVIDES BETWEEN 15 AND 20 GRANTS PER YEAR AND SPONSORS OVER 300 ADVISED FUNDS THAT SUPPORT CLINICALLY-ORIENTED RESEARCH AND EDUCATION ACTIVITIES IN FURTHERANCE OF OUR MISSION. SPONSORED RESEARCH FUNDS SUPPORT DISCRETE CLINICAL AND BIOMEDICAL RESEARCH PROJECTS, AND ARE FUNDED BY EXTERNAL SOURCES INCLUDING CORPORATIONS AND FOUNDATIONS. ADVISED FUNDS ARE ESTABLISHED BY THE EXECUTIVE DIRECTOR UNDER THE AUTHORITY OF THE BOARD OF TRUSTEES. THEY ARE FUNDED WITH CONTRIBUTIONS INTENDED TO SUPPORT ACTIVITIES CONSISTENT WITH OUR CHARITABLE MISSION, PARTICULARLY CLINICAL RESEARCH AND EDUCATION. THEY ARE NOT DONOR-ADVISED FUNDS; RATHER, THE ADVISERS ARE SCIENTISTS AND CLINICIANS WITH EXPERTISE IN THE AREAS OF RESEARCH AND EDUCATION SUPPORTED BY THE FUND. THE FOUNDATION ALSO PROVIDES FUNDING FOR RESEARCH GRANTS AND FELLOWSHIPS; AMOUNTS AWARDED RANGE FROM $1,000 TO $125,000 AND ARE AWARDED ON A COMPETITIVE BASIS.
Expenses $2,305,030 · Grants $193,889 · Revenue $350,199
As filed on the 2023 return.
Listed in Part VII
-
Barry Smith
Trustee / Board Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward H Stansfield III MA
Trustee / Board Treasurer
- Total calculated
- $0
- Hours/week
- 0.5 + 2.6 related
-
LAWRENCE DACEY MD
Trustee/Chair
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Brant Oliver PHD
Trustee / Scientist
- Total calculated
- $346,102
- From this org
- $0
- From related orgs
- $294,571
- Other
- $51,531
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $264,142 related
- Bonus
- $0 + $19,300 related
- Other
- $0 + $11,129 related
- Deferred
- $0 + $22,477 related
- Nontaxable benefits
- $0 + $29,054 related
- Filer's total
- $0 + $346,102 related
-
Christopher M Burns MD
TRUSTEE, EX-OFFICIO / PHYSICIAN
- Total calculated
- $145,554
- From this org
- $0
- From related orgs
- $134,075
- Other
- $11,479
- Hours/week
- 0.3 + 40 related
-
Diane Gilbert-Diamond
Trustee
- Total calculated
- $0
- Hours/week
- 0.3
-
Heather Wishart
Trustee / Neuropsychologist
- Total calculated
- $160,549
- From this org
- $0
- From related orgs
- $138,973
- Other
- $21,576
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $137,785 related
- Bonus
- $0
- Other
- $0 + $1,188 related
- Deferred
- $0 + $9,775 related
- Nontaxable benefits
- $0 + $11,801 related
- Filer's total
- $0 + $160,549 related
-
Margaret Guill MD
Trustee
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael Ward
Trustee
- Total calculated
- $0
- Hours/week
- 0.3
-
Nirav Kapadia MD
Trustee / Physician
- Total calculated
- $655,796
- From this org
- $0
- From related orgs
- $586,764
- Other
- $69,032
- Hours/week
- 0.3 + 40.5 related
Schedule J breakdown matched by us
- Base
- $0 + $565,064 related
- Bonus
- $0 + $1,850 related
- Other
- $0 + $19,850 related
- Deferred
- $0 + $24,990 related
- Nontaxable benefits
- $0 + $44,042 related
- Filer's total
- $0 + $655,796 related
-
Philip Goodney MD
Trustee / Physician
- Total calculated
- $701,791
- From this org
- $0
- From related orgs
- $634,363
- Other
- $67,428
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $578,186 related
- Bonus
- $0 + $496 related
- Other
- $0 + $55,681 related
- Deferred
- $0 + $31,590 related
- Nontaxable benefits
- $0 + $35,838 related
- Filer's total
- $0 + $701,791 related
-
William Wickner MD
Trustee
- Total calculated
- $0
- Hours/week
- 0.3
-
Tracy Ostler
Executive Director
- Total calculated
- $145,834
- From this org
- $0
- From related orgs
- $137,587
- Other
- $8,247
- Hours/week
- 40
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)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- The Executive Director IS EMPLOYED AND PAID BY A RELATED ORGANIZATION WHICH USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, FORM 990 INFORMATION FROM OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE Position's COMPENSATION.
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
-
Program Support
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) · PHYSICIAN SERVICES · NH
Directly controlled by D-HH
-
501(c)(3) · PARENT ORGANIZATION · NH
Directly controlled by Na
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.
-
RENAISSANCE PSYCHIATRY OF NEW ENGLAND
N/A · PSYCHIATRY · NH
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C Corporation · REAL ESTATE HOLDINGS · NH
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521339349301242
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