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Nonprofiteer
← CATSKILL REGIONAL MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by CATSKILL REGIONAL MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$994,601
Total expenses
$343,652
Contributions and grants received
$313,632
Grants paid
$287,365
Program service revenue
$0
Investment income
$677,881
Other revenue
$3,088
Total assets, end of year
$5,530,243
Total liabilities, end of year
$7,390
Net assets or fund balances, end of year
$5,522,853
Program services expenses (Part IX)
$287,911
Management and general expenses
$55,741
Fundraising expenses
$0
Program service expenses (Part III)
$287,911

Program services were 83.8% 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

    $73,785

  • 1d · Related organizations

    $12,395

  • 1f · All other contributions, gifts and grants

    $227,452

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $120,679 · excluded $120,679

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,598,635

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

    securities $2,041,433

  • 7c · Gain or loss

    securities $557,202 · other assets $0

  • 7d · Net gain or loss

    total $557,202 · excluded $557,202

  • 8a · Fundraising events: gross income

    $23,610

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

    $73,785

  • 8b · Fundraising events: direct expenses

    $22,111

  • 8c · Net income from fundraising events

    total $1,499 · excluded $1,499

  • 9a · Gaming: gross income

    $2,385

  • 9b · Gaming: direct expenses

    $796

  • 9c · Net income from gaming

    total $1,589 · excluded $1,589

  • 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 $287,365 · program services $287,365

  • 11c · Fees: accounting

    total $12,395 · management and general $12,395

  • 11f · Fees: investment management

    total $43,346 · management and general $43,346

  • 11g · Fees: other

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

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $546 · program services $546

  • 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 $274,164 · end of year $298,054

  • 2 · Savings and temporary cash investments

    beginning of year $312,993 · end of year $1,062,504

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,190,732 · end of year $4,169,685

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    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

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,390

  • 27 · Net assets without donor restrictions

    beginning of year $526,124 · end of year $513,550

  • 28 · Net assets with donor restrictions

    beginning of year $4,251,765 · end of year $5,009,303

Mission and programs · 2023

Mission

TO RENDER ASSISTANCE AND MAKE GRANTS TO GARNET HEALTH MEDICAL CENTER - CATSKILLS, THROUGH SOLICITATION, RECEIPT, AND DISBURSEMENT OF FUNDS, INCOME, AND REAL OR TANGIBLE PERSONAL PROPERTY OBTAINED BY BEQUEST, GIFTS, DONATIONS, OR OTHERWISE, AND TO SOLICIT AND RECEIVE GRANTS, CONTRACTS, AND FUNDS FROM FEDERAL, STATE, AND LOCAL GOVERNMENT AGENCIES, FOUNDATIONS, OR ANY OTHER SOURCES, IN FURTHERANCE OF THIS PURPOSE.

Activities or mission (Part I)

TO RENDER ASSISTANCE TO GARNET HEALTH MEDICAL CENTER - CATSKILLS THROUGH THE SOLICITATION, RECEIPT AND DISBURSEMENT OF FUNDS OBTAINED BY GIFTS AND DONATIONS TO SUPPORT THE PROGRAMS OF GARNET HEALTH MEDICAL CENTER - CATSKILLS.

  • THE FOUNDATION CONDUCTS FUNDRAISERS AND PROVIDES SUPPORT TO BENEFIT FINANCIALLY DISTRESSED PATIENTS OF GARNET HEALTH MEDICAL CENTER - CATSKILLS.

    Expenses $287,911 · Grants $287,365

As filed on the 2023 return.

Listed in Part VII

  • Debbie Berman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Joan Farrow

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Ernst

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Horton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alex Rey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Anthony Kane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Dan Berkowicz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Helen Spicka

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Ira Gold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Larry Richardson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Lawrence Schafman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Lewis Klugman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Lisa Wiles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349312723

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