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Nonprofiteer
← ARNOT OGDEN MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by ARNOT OGDEN MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$8,646,888
Total expenses
$14,955,954
Contributions and grants received
$3,343,710
Grants paid
$14,714,190
Program service revenue
$0
Investment income
$5,067,647
Other revenue
$235,531
Total assets, end of year
$16,500,232
Total liabilities, end of year
$98,363
Net assets or fund balances, end of year
$16,401,869
Program services expenses (Part IX)
$14,714,190
Management and general expenses
$241,764
Fundraising expenses
$0
Program service expenses (Part III)
$14,714,190

Program services were 98.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $3,343,710

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $226,050 · related or exempt $0 · unrelated business $0 · excluded $226,050

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $235,270 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $235,270 · personal property $0

  • 6d · Net rental income or loss

    total $235,270 · related or exempt $0 · unrelated business $235,270 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $32,219,592 · other assets $0

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

    securities $27,377,995 · other assets $0

  • 7c · Gain or loss

    securities $4,841,597 · other assets $0

  • 7d · Net gain or loss

    total $4,841,597 · related or exempt $0 · unrelated business $4,841,597 · excluded $0

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

    $0

  • 11d · All other revenue

    total $261 · related or exempt $261 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,584,398 · program services $14,584,398

  • 2 · Grants to domestic individuals

    total $129,792 · program services $129,792

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $3,660 · program services $0 · management and general $3,660 · fundraising $0

  • 11g · Fees: other

    total $3,836 · program services $0 · management and general $3,836 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $41 · program services $0 · management and general $41 · fundraising $0

  • 14 · Information technology

    total $29,867 · program services $0 · management and general $29,867 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $9,963 · program services $0 · management and general $9,963 · fundraising $0

  • 17 · Travel

    total $540 · program services $0 · management and general $540 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $87,360 · program services $0 · management and general $87,360 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $69,863 · program services $0 · management and general $69,863 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Gala Expense

    total $29,060 · program services $0 · management and general $29,060 · fundraising $0

  • 24b · Other expenses: Dues & Subscriptions

    total $4,052 · program services $0 · management and general $4,052 · fundraising $0

  • 24c · Other expenses: Miscellaneous

    total $3,522 · program services $0 · management and general $3,522 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,335,826 · end of year $377,230

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $268,917 · end of year $111,417

  • 4 · Accounts receivable

    beginning of year $2,101 · end of year $2,101

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,126 · end of year $18,023

  • 10a · Land, buildings and equipment: cost or other basis

    $2,021,619

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,042,785

  • 10c · Land, buildings and equipment, net

    beginning of year $1,044,785 · end of year $978,834

  • 11 · Investments: publicly traded securities

    beginning of year $28,053,332 · end of year $12,333,349

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $813,778 · end of year $2,679,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,227 · end of year $98,363

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $375,251

  • 27 · Net assets without donor restrictions

    beginning of year $25,354,969 · end of year $11,151,562

  • 28 · Net assets with donor restrictions

    beginning of year $7,742,418 · end of year $5,250,307

Mission and programs · 2022

Mission

PROVIDE FUNDRAISING SUPPORT FOR ARNOT OGDEN MEDICAL CENTER, ST JOSEPHS HOSPITAL AND THE AFFILIATED PHYSICIAN OFFICES.

Activities or mission (Part I)

PROVIDE FINANCIAL SUPPORT TO ARNOT OGDEN MEDICAL CENTER, ST JOSEPHS HOSPITAL AND THE PHYSICIAN OFFICES.

  • GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS. PRIMARILY DONATIONS MADE FOR A SPECIFIC PURPOSE BY THE DONOR THAT ARE SUBSEQUENTLY RELEASED FROM RESTRICTION WHEN GIVEN TO THE ARNOT OGDEN MEDICAL CENTER OR ST. JOSEPH'S HOSPITAL FOR THE INTENDED DONORS REQUEST.

    Expenses $14,714,190 · Grants $14,584,398

As filed on the 2022 return.

Listed in Part VII

  • Kim Panosian

    SECRETARY

    Total calculated
    $137,722
    From this org
    $0
    From related orgs
    $99,829
    Other
    $37,893
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,258 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,413 related
    Nontaxable benefits
    $0 + $32,480 related
    Filer's total
    $0 + $146,151 related

  • Lisa Ventura

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $133,808
    From this org
    $0
    From related orgs
    $112,768
    Other
    $21,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $116,503 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,996 related
    Nontaxable benefits
    $0 + $16,809 related
    Filer's total
    $0 + $137,308 related

  • Mike Lares

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Warren Roman Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ernest Hartman

    BOARD MEMBER-ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Stempin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Beverly Huslander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Knowles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sydney Stringham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter C Wallin

    BOARD MEMBER-ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Terry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Delgrosso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marybeth Conwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Helen Tenny

    SJH AUXILIARY PRESIDENT

    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

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.

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.

  • IVY STREET DEVELOPEMENT CORPORATION

    C · COLLECTION AGENCY & REAL ESTATE · NY

    Directly controlled by ARNOT OGDEN MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202342929349300514

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