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Nonprofiteer
← HIGHLAND HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by HIGHLAND HOSPITAL FOUNDATION INC.

Totals

Total revenue
$1,560,546
Total expenses
$1,343,322
Contributions and grants received
$1,229,632
Grants paid
$883,053
Program service revenue
$0
Investment income
$437,759
Other revenue
-$106,845
Total assets, end of year
$16,641,956
Total liabilities, end of year
$750,400
Net assets or fund balances, end of year
$15,891,556
Program services expenses (Part IX)
$910,895
Management and general expenses
$421,133
Fundraising expenses
$11,294
Program service expenses (Part III)
$910,895

Program services were 67.8% 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

    $548,796

  • 1f · All other contributions, gifts and grants

    $680,836

  • 1g · Noncash contributions included above

    $36,610

  • 3 · Investment income

    total $162,085 · excluded $162,085

  • 7a · Gross sales of assets other than inventory

    securities $275,674

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

    securities $0

  • 7c · Gain or loss

    securities $275,674

  • 7d · Net gain or loss

    total $275,674 · excluded $275,674

  • 8a · Fundraising events: gross income

    $160,144

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

    $548,796

  • 8b · Fundraising events: direct expenses

    $266,989

  • 8c · Net income from fundraising events

    total -$106,845 · excluded -$106,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $883,053 · program services $883,053

  • 11c · Fees: accounting

    total $4,965 · management and general $4,965

  • 11f · Fees: investment management

    total $19,513 · management and general $19,513

  • 13 · Office expenses

    total $8,325 · program services $6,244 · fundraising $2,081

  • 14 · Information technology

    total $7,623 · management and general $7,623

  • 17 · Travel

    total $430 · program services $430

  • 24a · Other expenses: CONTRACTED SERVICES

    total $255,178 · management and general $255,178

  • 24b · Other expenses: OTHER EXPENSES

    total $164,235 · program services $21,168 · management and general $133,854 · fundraising $9,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,349 · end of year $160,756

  • 2 · Savings and temporary cash investments

    beginning of year $44,546 · end of year $147,024

  • 3 · Pledges and grants receivable

    beginning of year $214,652 · end of year $174,577

  • 11 · Investments: publicly traded securities

    beginning of year $12,375,018 · end of year $13,540,312

  • 12 · Investments: other securities

    beginning of year $2,144,697 · end of year $2,300,886

  • 15 · Other assets

    beginning of year $297,645 · end of year $318,401

  • 25 · Other liabilities

    beginning of year $563,107 · end of year $750,400

  • 27 · Net assets without donor restrictions

    beginning of year $1,202,296 · end of year $1,652,258

  • 28 · Net assets with donor restrictions

    beginning of year $13,325,504 · end of year $14,239,298

Mission and programs · 2024

Mission

THE PROVISION OF FUNDRAISING ACTIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF HIGHLAND HOSPITAL OF ROCHESTER AND OTHER AFFILIATES OF STRONG PARTNERS HEALTH SYSTEM, INC.

Activities or mission (Part I)

THE PROVISION OF FUNDRAISING ACTIVITIES AND EVENTS FOR THE BENEFIT OF HIGHLAND HOSPITAL OF ROCHESTER AND OTHER AFFILIATES OF STRONG PARTNERS HEALTH SYSTEM, INC.

  • THE FOUNDATION CONDUCTS FUNDRAISING ACIVITIES AND EVENTS FOR THE EXCLUSIVE SUPPORT AND BENEFIT OF STRONG PARTNERS HEALTH SYSTEM, INC. AND ITS AFFILIATES. EXAMPLES OF ACTIVITIES CONDUCTED DURING FY2025 INCLUDE THE HIGHLAND HOSPITAL GOLF TOURNAMENT AND GALA.

    Expenses $910,895 · Grants $883,053

As filed on the 2024 return.

Listed in Part VII

  • Steven I Goldstein

    CEO (UNTIL 10/24)

    Total calculated
    $1,591,441
    From this org
    $0
    From related orgs
    $1,408,233
    Other
    $183,208
    Hours/week
    1 + 71 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,297,334 related
    Bonus
    $0
    Other
    $0 + $110,899 related
    Deferred
    $0 + $158,430 related
    Nontaxable benefits
    $0 + $24,778 related
    Filer's total
    $0 + $1,591,441 related

  • Monica H Bauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dana R Consler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark A Eidlin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dave Henion

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diane M Simon

    BOARD MEMBER (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Gina Teresi

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Seth Zeidman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John R Lefrois

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Mann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter T Clement

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dominick K Pullano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Humphrey

    BOARD MEMBER (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Tammy Strassburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maiya Lefrois

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Meloni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Bernard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marc Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nihada Donohew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Timothy Lum

    BOARD MEMBER

    Total calculated
    $560,653
    From this org
    $0
    From related orgs
    $492,922
    Other
    $67,731
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $449,762 related
    Bonus
    $0 + $20,160 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $37,231 related
    Filer's total
    $0 + $560,653 related

  • Dr Joshua Weitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Parrinello

    PRESIDENT AND CEO (EFFECTIVE 10/24)

    Total calculated
    $1,464,961
    From this org
    $0
    From related orgs
    $1,294,505
    Other
    $170,456
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,232,121 related
    Bonus
    $0
    Other
    $0 + $62,384 related
    Deferred
    $0 + $158,430 related
    Nontaxable benefits
    $0 + $12,026 related
    Filer's total
    $0 + $1,464,961 related

  • Carrie Fuller Spencer

    CFO

    Total calculated
    $724,357
    From this org
    $0
    From related orgs
    $627,179
    Other
    $97,178
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,213 related
    Bonus
    $0
    Other
    $0 + $26,966 related
    Deferred
    $0 + $60,059 related
    Nontaxable benefits
    $0 + $37,119 related
    Filer's total
    $0 + $724,357 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

  • 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 3
AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O, DESCRIPTION OF COMPENSATION REVIEW AND APPROVAL PROCESS.
PART I, LINE 4B
CERTAIN OFFICERS AND DIRECTORS OF THE HIGHLAND FOUNDATION, INC. PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PROVIDED BY THE UNIVERSITY OF ROCHESTER, A RELATED IRC SECTION 501(C)(3) ORGANIZATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER-PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION: STEVEN I. GOLDSTEIN SERP PLAN $125,000 KATHLEEN PARRINELLO SERP PLAN $125,000 CARRIE FULLER SPENCER SERP PLAN $25,000

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EXCELL INNOVATE NY FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • EXCELL MINORITY AND WOMEN OWNED BUSINESS INVESTMENT FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • EXCELL PARTNERS INNOVATION TC FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

  • FINGER LAKES VENTURE FUND LP

    INVESTMENT FUND · NY

    Directly controlled by ETV INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMACY · NY

    Directly controlled by HIGHLD HOSP

  • UR EQUITY HOLDINGS INC

    C · HOLDING CO · DE

    Directly controlled by UNIV OF ROCH

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING CO · NY

    Directly controlled by THS

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUBATOR · NY

    Directly controlled by ROCH BIOVENTURE

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NETWORK · NY

    Directly controlled by UNIV OF ROCH

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRACTICE ASSOC · NY

    Directly controlled by AHP LLC

  • AHP INSURANCE COMPANY

    C · CAPTIVE INSURANCE CO · 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 ESTATE · NY

    Directly controlled by ST JAMES HOSP

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUB · NY

    Directly controlled by UNIV OF ROCH

  • SOLDIER VENTURES INC

    C · MEDICAL SUPPL CO · NY

    Directly controlled by SOLDIERS HOSP

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611359349302131

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