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Nonprofiteer
← FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR NOYES MEMORIAL HEALTH SYSTEM INC.

Totals

Total revenue
$2,074,397
Total expenses
$4,016,980
Contributions and grants received
$656,228
Grants paid
$3,900,187
Program service revenue
$0
Investment income
$1,418,169
Other revenue
$0
Total assets, end of year
$17,761,960
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,761,960
Program services expenses (Part IX)
$3,900,187
Management and general expenses
$95,609
Fundraising expenses
$21,184
Program service expenses (Part III)
$3,900,187

Program services were 97.1% 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.

  • 1f · All other contributions, gifts and grants

    $656,228

  • 3 · Investment income

    total $450,598 · excluded $450,598

  • 7a · Gross sales of assets other than inventory

    securities $3,054,565

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

    securities $2,086,994

  • 7c · Gain or loss

    securities $967,571

  • 7d · Net gain or loss

    total $967,571 · excluded $967,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,900,187 · program services $3,900,187

  • 11f · Fees: investment management

    total $48,125 · management and general $48,125

  • 12 · Advertising and promotion

    total $13,262 · fundraising $13,262

  • 13 · Office expenses

    total $7,922 · fundraising $7,922

  • 24a · Other expenses: OTHER EXPENSES

    total $47,484 · management and general $47,484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,246,230 · end of year $2,089,097

  • 11 · Investments: publicly traded securities

    beginning of year $12,238,431 · end of year $10,389,050

  • 15 · Other assets

    beginning of year $5,291,602 · end of year $5,283,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,648 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $19,095,235 · end of year $17,665,880

  • 28 · Net assets with donor restrictions

    beginning of year $666,380 · end of year $96,080

Mission and programs · 2024

Mission

TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF LIVINGSTON HEALTH CARE SYSTEM, INC.; NICHOLAS H. NOYES MEMORIAL HOSPITAL; AND RED JACKET CENTER, INC.

  • TO PROVIDE FUNDS TO OR FOR THE BENEFIT OF LIVINGSTON HEALTH CARE SYSTEM, INC.; NICHOLAS H. NOYES MEMORIAL HOSPITAL; AND RED JACKET CENTER, INC.

    Expenses $3,900,187 · Grants $3,900,187

As filed on the 2024 return.

Listed in Part VII

  • J Chad Teeters MD

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $760,287
    From this org
    $0
    From related orgs
    $682,577
    Other
    $77,710
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $681,977 related
    Bonus
    $0
    Other
    $0 + $600 related
    Deferred
    $0 + $36,580 related
    Nontaxable benefits
    $0 + $41,130 related
    Filer's total
    $0 + $760,287 related

  • Les Cole

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Merle

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Bill Bacon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Quinlan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas Wamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Coniglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Costello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Shay Hoag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Ingram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Moodie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridgett Hoag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Prunoske

    CHIEF FINANCIAL OFFICER

    Total calculated
    $541,110
    From this org
    $0
    From related orgs
    $451,127
    Other
    $89,983
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,117 related
    Bonus
    $0 + $58,601 related
    Other
    $0 + $44,409 related
    Deferred
    $0 + $59,031 related
    Nontaxable benefits
    $0 + $30,952 related
    Filer's total
    $0 + $541,110 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
THE BOARD OF DIRECTORS OF NICHOLAS H. NOYES MEMORIAL HOSPITAL (THE HOSPITAL) REVIEWS THE GOALS AND OBJECTIVES OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER ALONG WITH COMPARABILITY DATA TO DETERMINE APPROPRIATE COMPENSATION. THE DELIBERATION AND DECISION IS RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS OF THE HOSPITAL.
PART I, LINE 4B
THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN DEFERRED COMPENSATION: MARK PRUNOSKE - 457(F) PLAN - $34,881 THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED EMPLOYER PAID AMOUNTS THAT ARE INCLUDED IN OTHER REPORTABLE COMPENSATION: MARK PRUNOSKE - 457(F) PLAN - $27,500 THESE AMOUNTS REPRESENT EMPLOYEE DEFERRALS OF COMPENSATION, PLUS INVESTMENT EARNINGS, OVER SEVERAL YEARS THAT VESTED AND WERE PAID PURSUANT TO THE REQUIREMENTS OF THE PLAN. THE EMPLOYEE DEFERRALS WERE REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN C IN PRIOR YEARS AND ARE ALSO REFLECTED IN SCHEDULE J, PART II, COLUMN F.

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 INNOVATIVE NY FUND LP

    INVESTMENT FUND · NY

  • EXCELL MINORITY AND WOMEN OWNED BUSINESS INVESTMENT FUND LP

    INVESTMENT FUND · NY

  • EXCELL PARTNERS INNOVATE TC FUND LP

    INVESTMENT FUND · NY

  • FINGER LAKES VENTURE FUND LP

    INVESTMENT FUND · NY

Related corporations and trusts

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

  • MEDICAL ADMINISTRATIVE ASSOCIATES INC

    C · RETAIL PHARMACY · NY

  • UR EQUITY HOLDINGS INC

    C · HOLDING CO · DE

  • FFTH PROPERTIES AND SERVICES INC

    C · HOLDING CO · NY

  • EXCELL TECHNOLOGY VENTURES INC

    C · BIOTECH INCUBATOR · NY

  • ACCOUNTABLE HEALTH PARTNERS LLC

    C · ACCT CARE NETWORK · NY

  • LUMINATE VENTURE CHALLENGE CORP

    C · BUSINESS INCUB · NY

  • ACCOUNTABLE HEALTH PARTNERS IPA LLC

    C · INDEP PRACTICE ASSOC · NY

  • AHP INSURANCE COMPANY

    C · CAPTIVE INSURANCE CO · VT

  • HORNELL MEDICAL VILLAGE LLC

    C · HOLD REAL ESTATE · NY

  • ROCHESTER BIOVENTURE CENTER INC

    C · BIOTECH INCUBATOR · NY

  • SOLDIER VENTURES INC

    C · MEDICAL SUPPLY COMPANY · NY

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202611329349303326

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