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Nonprofiteer
← FINGER LAKES HEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by FINGER LAKES HEALTH FOUNDATION INC.

Totals

Total revenue
$15,908,700
Total expenses
$2,462,269
Contributions and grants received
$465,802
Grants paid
$1,674,654
Program service revenue
$0
Investment income
$15,442,918
Other revenue
-$20
Total assets, end of year
$43,370,505
Total liabilities, end of year
$11,900,994
Net assets or fund balances, end of year
$31,469,511
Program services expenses (Part IX)
$1,674,654
Management and general expenses
$82,237
Fundraising expenses
$705,378
Program service expenses (Part III)
$1,674,654

Program services were 68.0% 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

    $16,668

  • 1f · All other contributions, gifts and grants

    $449,134

  • 3 · Investment income

    total $1,494,732 · excluded $1,494,732

  • 7a · Gross sales of assets other than inventory

    securities $13,948,186

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

    securities $0

  • 7c · Gain or loss

    securities $13,948,186

  • 7d · Net gain or loss

    total $13,948,186 · excluded $13,948,186

  • 8a · Fundraising events: gross income

    $0

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

    $16,668

  • 8b · Fundraising events: direct expenses

    $20

  • 8c · Net income from fundraising events

    total -$20 · excluded -$20

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,674,654 · program services $1,674,654

  • 7 · Other salaries and wages

    total $121,602 · management and general $15,000 · fundraising $106,602

  • 8 · Pension plan contributions

    total $5,742 · management and general $708 · fundraising $5,034

  • 9 · Other employee benefits

    total $27,717 · management and general $3,419 · fundraising $24,298

  • 11a · Fees: management

    total $11,194 · management and general $11,194

  • 11b · Fees: legal

    total $837 · fundraising $837

  • 11c · Fees: accounting

    total $14,209 · management and general $14,209

  • 12 · Advertising and promotion

    total $86 · management and general $86

  • 13 · Office expenses

    total $20,770 · management and general $20,770

  • 14 · Information technology

    total $600 · management and general $600

  • 16 · Occupancy

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

  • 17 · Travel

    total $1,000 · management and general $1,000

  • 20 · Interest

    total $266,836 · fundraising $266,836

  • 24a · Other expenses: SHARED SERVICES

    total $301,771 · fundraising $301,771

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $7,504 · management and general $7,504

  • 24c · Other expenses: PURCHASED SERVICES

    total $636 · management and general $636

  • 24d · Other expenses: SUPPLIES

    total $7 · management and general $7

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $928,154 · end of year $609,530

  • 2 · Savings and temporary cash investments

    beginning of year $472,062 · end of year $568,767

  • 3 · Pledges and grants receivable

    beginning of year $51,122 · end of year $130,136

  • 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 $37,957,909 · end of year $42,040,891

  • 15 · Other assets

    beginning of year $2,237,746 · end of year $21,181

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,425 · end of year $17,053

  • 23 · Secured mortgages and notes payable

    beginning of year $6,615,523 · end of year $6,174,926

  • 25 · Other liabilities

    beginning of year $5,622,728 · end of year $5,709,015

  • 27 · Net assets without donor restrictions

    beginning of year $25,396,396 · end of year $26,447,103

  • 28 · Net assets with donor restrictions

    beginning of year $3,980,921 · end of year $5,022,408

Mission and programs · 2024

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 $1,674,654 · Grants $1,674,654

As filed on the 2024 return.

Listed in Part VII

  • Lara C Turbide

    VP COMMUNITY SERVICES (UNTIL 7/2024)

    Total calculated
    $330,391
    From this org
    $0
    From related orgs
    $254,296
    Other
    $76,095
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,595 related
    Bonus
    $0 + $28,927 related
    Other
    $0 + $774 related
    Deferred
    $0 + $31,702 related
    Nontaxable benefits
    $0 + $44,393 related
    Filer's total
    $0 + $330,391 related

  • Kim Ilacqua

    EXECUTIVE DIRECTOR (EFFECTIVE 7/2024)

    Total calculated
    $119,135
    From this org
    $0
    From related orgs
    $115,414
    Other
    $3,721
    Hours/week
    10 + 30 related

  • Jose A Acevedo MD

    PRESIDENT

    Total calculated
    $988,025
    From this org
    $0
    From related orgs
    $867,783
    Other
    $120,242
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,065 related
    Bonus
    $0 + $223,530 related
    Other
    $0 + $1,188 related
    Deferred
    $0 + $107,350 related
    Nontaxable benefits
    $0 + $12,892 related
    Filer's total
    $0 + $988,025 related

  • Trisha Koczent

    TREASURER/CFO

    Total calculated
    $429,051
    From this org
    $0
    From related orgs
    $394,334
    Other
    $34,717
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,825 related
    Bonus
    $0 + $67,095 related
    Other
    $0 + $414 related
    Deferred
    $0 + $33,941 related
    Nontaxable benefits
    $0 + $776 related
    Filer's total
    $0 + $429,051 related

  • Joan Grela

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ketul Patel MD

    DIRECTOR UNTIL 4/2024

    Total calculated
    $278,251
    From this org
    $0
    From related orgs
    $224,873
    Other
    $53,378
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,410 related
    Bonus
    $0 + $48,338 related
    Other
    $0 + $24,125 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $53,378 related
    Filer's total
    $0 + $278,251 related

  • Barbara Reese

    SECRETARY

    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

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Dewitt MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Phillips

    DIRECTOR

    Total calculated
    $1,097,539
    From this org
    $0
    From related orgs
    $1,035,248
    Other
    $62,291
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,012,248 related
    Bonus
    $0
    Other
    $0 + $23,000 related
    Deferred
    $0 + $33,430 related
    Nontaxable benefits
    $0 + $28,861 related
    Filer's total
    $0 + $1,097,539 related

  • Diana Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexis Ogra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Nicole Taylor

    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 $97,000 INTO A 457(F) PLAN IN 2024 FOR JOSE ACEVEDO, MD, MBA FOR HIS ROLE AS PRESIDENT & CEO OF VARIOUS RELATED ENTITIES. GGH ALSO DEPOSITED $25,000 INTO EACH OF THE 457(F) PLAN IN 2024 FOR TRISHA KOCZENT AND LARA TURBIDE.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349312208

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