Totals
- Total revenue
- $1,840,251
- Total expenses
- $2,860,068
- Contributions and grants received
- $929,178
- Grants paid
- $2,612,162
- Program service revenue
- $802
- Investment income
- $941,657
- Other revenue
- -$31,386
- Total assets, end of year
- $23,778,190
- Total liabilities, end of year
- $138,535
- Net assets or fund balances, end of year
- $23,639,655
- Program services expenses (Part IX)
- $2,671,923
- Management and general expenses
- $3,371
- Fundraising expenses
- $184,774
- Program service expenses (Part III)
- $2,671,923
Program services were 93.4% 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.
-
1c · Fundraising events
$114,777
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$804,401
-
1g · Noncash contributions included above
$21,265
-
2a · Program service revenue: OTHER REVENUE
total $802 · related or exempt $802
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $282,416 · excluded $282,416
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $2,180,227
-
7b · Less cost or other basis and sales expenses
securities $1,520,986
-
7c · Gain or loss
securities $659,241 · other assets $0
-
7d · Net gain or loss
total $659,241 · excluded $659,241
-
8a · Fundraising events: gross income
$17,495
-
8a · Fundraising events: contributions included on line 1c
$114,777
-
8b · Fundraising events: direct expenses
$48,881
-
8c · Net income from fundraising events
total -$31,386 · excluded -$31,386
-
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 $2,585,452 · program services $2,585,452
-
2 · Grants to domestic individuals
total $26,710 · program services $26,710
-
7 · Other salaries and wages
total $68,568 · fundraising $68,568
-
9 · Other employee benefits
total $20,571 · fundraising $20,571
-
11f · Fees: investment management
total $3,371 · management and general $3,371
-
11g · Fees: other
total $117,128 · program services $48,700 · management and general $0 · fundraising $68,428
-
13 · Office expenses
total $37,207 · program services $10,000 · fundraising $27,207
-
23 · Insurance
total $1,061 · program services $1,061
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,040,500 · end of year $4,007,175
-
3 · Pledges and grants receivable
beginning of year $748,317 · end of year $598,928
-
4 · Accounts receivable
beginning of year $300 · 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
-
9 · Prepaid expenses and deferred charges
beginning of year $2,534 · end of year $2,842
-
10a · Land, buildings and equipment: cost or other basis
$989,630
-
10b · Land, buildings and equipment: accumulated depreciation
$17,277
-
10c · Land, buildings and equipment, net
beginning of year $972,353 · end of year $972,353
-
11 · Investments: publicly traded securities
beginning of year $12,870,237 · end of year $14,521,635
-
12 · Investments: other securities
beginning of year $3,349,534 · end of year $3,653,622
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $21,184 · end of year $21,635
-
17 · Accounts payable and accrued expenses
beginning of year $6,283 · end of year $11,472
-
19 · Deferred revenue
beginning of year $58,058 · end of year $77,592
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $192,185 · end of year $49,471
-
27 · Net assets without donor restrictions
beginning of year $11,096,489 · end of year $20,370,053
-
28 · Net assets with donor restrictions
beginning of year $7,651,944 · end of year $3,269,602
Mission and programs · 2024
Mission
COPLEY HEALTH SYSTEMS, INC. IS THE PARENT COMPANY OF SEVERAL ENTITIES THAT IT CONTROLS THROUGH SOLE CORPORATE MEMBERSHIP. IT PROVIDES STRATEGIC AND FIDUCIARY LEADERSHIP FOR THE PHILANTHROPIC ENDEAVORS OF COPLEY HEALTH SYSTEMS, INC. AND ITS SUBSIDIARIES.
Activities or mission (Part I)
COPLEY HEALTH SYSTEMS, INC. IS THE PARENT COMPANY OF SEVERAL ENTITIES THAT IT CONTROLS THROUGH SOLE CORPORATE MEMBERSHIP.
-
COPLEY HEALTH SYSTEMS, INC. SUPPORTS THE ADVANCEMENT OF PROGRAMS THAT CONTRIBUTE TO THE PHYSICAL AND EMOTIONAL WELL-BEING OF THE COMMUNITIES IT SERVES. PROGRAMS ARE GEARED TOWARDS THE CARE, TREATMENT, HEALING AND EDUCATION OF OUR PATIENTS. THE ACTIVITIES OF THE SUBSIDIARIES MUST BE CHARITABLE, SCIENTIFIC, OR EDUCATIONAL. COPLEY HOSPITAL SHALL NOT OPERATE EXCLUSIVELY FOR THE BENEFIT OF ANY ONE AFFILIATED TAX-EXEMPT ORGANIZATION.
Expenses $2,671,923 · Grants $2,612,162 · Revenue $802
As filed on the 2024 return.
Listed in Part VII
-
Anne BongiornoANNE BONGIORNO
VICE CHAIR END / CHAIR BEG 02/25
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Bob BleimeisterBOB BLEIMEISTER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Carl SzlachetkaCARL SZLACHETKA
TRUSTEE / CO VICE CHAIR BEG 02/25
- Total calculated
- $0
- Hours/week
- 0.1 + 2.9 related
-
Deborah PomeroyDEBORAH POMEROY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Joseph WoodinJOSEPH WOODIN
CEO
- Total calculated
- $588,440
- From this org
- $0
- From related orgs
- $558,717
- Other
- $29,723
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $521,027 related
- Bonus
- $0
- Other
- $0 + $37,690 related
- Deferred
- $0 + $11,500 related
- Nontaxable benefits
- $0 + $18,223 related
- Filer's total
- $0 + $588,440 related
-
Kathy DemarsKATHY DEMARS
CHAIR END / CO VICE CHAIR BEG 02/25
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Alden LaunerALDEN LAUNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Bethany SalvasBETHANY SALVAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 2.9 related
-
Cameron PageCAMERON PAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Christopher TowneCHRISTOPHER TOWNE
TRUSTEE END 01/25
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Dan NoyesDAN NOYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Diane CoteDIANE COTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Francis LandreyFRANCIS LANDREY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
James HodgeJAMES HODGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Mike FeulnerMIKE FEULNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Nan Carle BeauregardNAN CARLE BEAUREGARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 2.9 related
-
Pamela StanyonPAMELA STANYON
TRUSTEE END 04/25
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Seth AbbeneSETH ABBENE
TRUSTEE BEG 02/25
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Travis KnappTRAVIS KNAPP
TRUSTEE / ANESTHESIA DIRECTOR
- Total calculated
- $553,574
- From this org
- $0
- From related orgs
- $499,894
- Other
- $53,680
- Hours/week
- 0.1 + 39.9 related
Schedule J breakdown matched by us
- Base
- $0 + $458,457 related
- Bonus
- $0
- Other
- $0 + $41,437 related
- Deferred
- $0 + $10,338 related
- Nontaxable benefits
- $0 + $43,342 related
- Filer's total
- $0 + $553,574 related
-
Carol FerranteCAROL FERRANTE
INTERIM COO BEG 06/25
- Total calculated
- $184,279
- From this org
- $0
- From related orgs
- $143,317
- Other
- $40,962
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $122,126 related
- Bonus
- $0
- Other
- $0 + $21,191 related
- Deferred
- $0 + $5,493 related
- Nontaxable benefits
- $0 + $35,469 related
- Filer's total
- $0 + $184,279 related
-
Jeffrey HebertJEFFREY HEBERT
CFO
- Total calculated
- $304,438
- From this org
- $0
- From related orgs
- $295,728
- Other
- $8,710
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $261,290 related
- Bonus
- $0
- Other
- $0 + $34,438 related
- Deferred
- $0 + $7,573 related
- Nontaxable benefits
- $0 + $1,137 related
- Filer's total
- $0 + $304,438 related
-
Samantha AllaireSAMANTHA ALLAIRE
CNO
- Total calculated
- $178,876
- From this org
- $0
- From related orgs
- $134,926
- Other
- $43,950
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $114,343 related
- Bonus
- $0
- Other
- $0 + $20,583 related
- Deferred
- $0 + $2,585 related
- Nontaxable benefits
- $0 + $41,365 related
- Filer's total
- $0 + $178,876 related
-
Wayne StockbridgeWAYNE STOCKBRIDGE
CHIEF ADMIN & HR OFFICER
- Total calculated
- $315,189
- From this org
- $0
- From related orgs
- $274,889
- Other
- $40,300
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $236,889 related
- Bonus
- $0
- Other
- $0 + $38,000 related
- Deferred
- $0 + $7,340 related
- Nontaxable benefits
- $0 + $32,960 related
- Filer's total
- $0 + $315,189 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. 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
- COPLEY HOSPITAL, INC, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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
-
$2,585,452
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.
-
LAMOILLE AREA HOUSING CORPORATION COPLEY TERRACE PROJECT
501(C)(3) · HUD HOUSING · VT · controlled entity
Directly controlled by CHSI
-
501(C)(3) · HOSPITAL · VT · controlled entity
Directly controlled by CHSI
-
501(C)(3) · ASSISTED LIVING · VT · controlled entity
Directly controlled by CHSI
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.
-
HEALTH CENTER BUILDING INC
C CORPORATION · OFFICE BLDG RENT · VT · 100% owned · share of income $366,440 · share of assets $1,494,596 · controlled entity
Directly controlled by CHSI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 August 2026
- IRS schema version
- 2024v5.1
- Source object
- 202622189349301552
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