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Nonprofiteer
← MOHAWK VALLEY HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2023

Filed by MOHAWK VALLEY HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$8,397,350
Total expenses
$21,100,105
Contributions and grants received
$7,092,293
Grants paid
$20,045,935
Program service revenue
$0
Investment income
$1,305,057
Other revenue
$0
Total assets, end of year
$54,731,808
Total liabilities, end of year
$17,823,839
Net assets or fund balances, end of year
$36,907,969
Program services expenses (Part IX)
$20,288,444
Management and general expenses
$622,022
Fundraising expenses
$189,639
Program service expenses (Part III)
$20,288,444

Program services were 96.2% 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

    $406,205

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $6,686,088

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,247,063 · related or exempt $0 · unrelated business $0 · excluded $1,247,063

  • 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 $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $57,994 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $57,994 · other assets $0

  • 7d · Net gain or loss

    total $57,994 · related or exempt $0 · unrelated business $0 · excluded $57,994

  • 8a · Fundraising events: gross income

    $223,654

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

    $406,205

  • 8b · Fundraising events: direct expenses

    $223,654

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 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 $20,045,935 · program services $20,045,935

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $499,988 · program services $49,894 · management and general $438,102 · fundraising $11,992

  • 9 · Other employee benefits

    total $74,484 · program services $7,794 · management and general $64,729 · fundraising $1,961

  • 10 · Payroll taxes

    total $39,250 · program services $4,181 · management and general $34,152 · fundraising $917

  • 11b · Fees: legal

    total $1,440 · program services $1,420 · management and general $20 · fundraising $0

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11g · Fees: other

    total $18,079 · program services $1,750 · management and general $16,329

  • 12 · Advertising and promotion

    total $400 · program services $400

  • 13 · Office expenses

    total $10,549 · program services $3,800 · management and general $3,167 · fundraising $3,582

  • 14 · Information technology

    total $19,996 · program services $19,996

  • 17 · Travel

    total $48,424 · program services $12,139 · management and general $36,285 · fundraising $0

  • 24a · Other expenses: SUPPLIES

    total $67,639 · program services $31,449 · management and general $799 · fundraising $35,391

  • 24b · Other expenses: COSTS/FEES

    total $223,559 · program services $72,386 · management and general $15,989 · fundraising $135,184

  • 24c · Other expenses: BAD DEBT

    total $19,047 · program services $19,047 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $19,315 · program services $18,253 · management and general $450 · fundraising $612

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,912,471 · end of year $7,398,960

  • 2 · Savings and temporary cash investments

    beginning of year $10,607,933 · end of year $11,080,423

  • 3 · Pledges and grants receivable

    beginning of year $4,763,028 · end of year $5,373,824

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $56,680 · end of year $197,031

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

    $932,624

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $932,624 · end of year $932,624

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $26,138,615 · end of year $29,240,149

  • 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 $661,134 · end of year $508,797

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,241 · end of year $256,458

  • 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 $409,331 · end of year $17,567,381

  • 27 · Net assets without donor restrictions

    beginning of year $26,983,467 · end of year $29,940,150

  • 28 · Net assets with donor restrictions

    beginning of year $20,291,446 · end of year $6,967,819

Mission and programs · 2023

Mission

TO PROVIDE PHILANTHROPIC FUNDS FOR THE BENEFIT OF MOHAWK VALLEY HEALTH SYSTEM AND IT'S AFFILIATES.

Activities or mission (Part I)

TO PROVIDE PHILANTHROPIC FUNDS FOR THE BENEFIT OF MOHAWK VALLEY HEALTH SYSTEM AND ITS AFFILIATES.

  • RAISING FUNDS THROUGH ANNUAL GIVING AND SPECIAL EVENTS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE CAMPAIGN FOR BUILDING OF THE INTEGRATED HEALTH CAMPUS, CHILDREN'S MIRACLE NETWORK MIRACLE DRAWING, CHILDREN'S MIRACLE NETWORK YEAR LONG FUNDRAISING, STOMP OUT CANCER, MVHS GOLF TOURNAMENT AND EMPLOYEE GIVING.

    Expenses $20,288,444 · Revenue $8,397,350

As filed on the 2023 return.

Listed in Part VII

  • Darlene Stromstad

    President CEO

    Total calculated
    $1,069,357
    From this org
    $0
    From related orgs
    $1,044,354
    Other
    $25,003
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $775,000 related
    Bonus
    $0 + $248,000 related
    Other
    $0 + $21,354 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $11,803 related
    Filer's total
    $0 + $1,069,357 related

  • Lou Aiello

    Senior VP CFO

    Total calculated
    $673,327
    From this org
    $0
    From related orgs
    $638,628
    Other
    $34,699
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,808 related
    Bonus
    $0 + $96,900 related
    Other
    $0 + $21,920 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $11,599 related
    Filer's total
    $0 + $673,327 related

  • Steve Winesett

    Chief Philanthropy Officer

    Total calculated
    $183,861
    From this org
    $0
    From related orgs
    $182,469
    Other
    $1,392
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $182,469 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,392 related
    Filer's total
    $0 + $183,861 related

  • John Hobika Jr

    Director/Vice Pres

    Total calculated
    $0
    Hours/week
    1

  • Jim Friedel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Latella

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sam F Berardino III

    Director/Treasurer as of 11/2023

    Total calculated
    $0
    Hours/week
    1

  • Blair Jones

    Vice president/Director

    Total calculated
    $0
    Hours/week
    1

  • David Manzelmann

    President

    Total calculated
    $0
    Hours/week
    1

  • Stephen Surace

    Treasurer through 10.2023

    Total calculated
    $0
    Hours/week
    1

  • Valerie Brown

    Secretary

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202423189349306812

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