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Nonprofiteer
← MOUNT ST MARYS HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by MOUNT ST MARYS HOSPITAL FOUNDATION INC.

Totals

Total revenue
$657,575
Total expenses
$2,406,003
Contributions and grants received
$546,805
Grants paid
$2,021,131
Program service revenue
$0
Investment income
$67,715
Other revenue
$43,055
Total assets, end of year
$9,124,425
Total liabilities, end of year
$97,677
Net assets or fund balances, end of year
$9,026,748
Program services expenses (Part IX)
$2,033,542
Management and general expenses
$162,531
Fundraising expenses
$209,930
Program service expenses (Part III)
$2,033,542

Program services were 84.5% 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

    $70,783

  • 1f · All other contributions, gifts and grants

    $476,022

  • 3 · Investment income

    total $180,578 · excluded $180,578

  • 7a · Gross sales of assets other than inventory

    securities $1,937,449

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

    securities $2,050,312

  • 7c · Gain or loss

    securities -$112,863

  • 7d · Net gain or loss

    total -$112,863 · excluded -$112,863

  • 8a · Fundraising events: gross income

    $91,562

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

    $70,783

  • 8b · Fundraising events: direct expenses

    $61,895

  • 8c · Net income from fundraising events

    total $29,667 · excluded $29,667

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $13,388 · excluded $13,388

  • 11e · Other revenue, total

    $13,388

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,021,131 · program services $2,021,131

  • 5 · Compensation of officers, directors and key employees

    total $124,112 · program services $12,411 · management and general $24,822 · fundraising $86,879

  • 7 · Other salaries and wages

    total $128,184 · management and general $51,649 · fundraising $76,535

  • 9 · Other employee benefits

    total $28,217 · management and general $10,892 · fundraising $17,325

  • 10 · Payroll taxes

    total $9,798 · management and general $3,952 · fundraising $5,846

  • 11c · Fees: accounting

    total $12,300 · management and general $12,300

  • 11f · Fees: investment management

    total $49,722 · management and general $49,722

  • 11g · Fees: other

    total $655 · management and general $655

  • 12 · Advertising and promotion

    total $1,432 · fundraising $1,432

  • 13 · Office expenses

    total $455 · management and general $455

  • 22 · Depreciation, depletion and amortization

    total $1,064 · management and general $1,064

  • 24a · Other expenses: DIRECT MAILING

    total $17,587 · fundraising $17,587

  • 24b · Other expenses: CONTRACTUAL

    total $7,020 · management and general $7,020

  • 24c · Other expenses: DONOR RELATIONS

    total $4,326 · fundraising $4,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,733,971 · end of year $1,138,612

  • 2 · Savings and temporary cash investments

    beginning of year $1,886,112 · end of year $502,487

  • 3 · Pledges and grants receivable

    beginning of year $719,705 · end of year $79,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $319 · end of year $6,895

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

    $19,222

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

    $16,114

  • 10c · Land, buildings and equipment, net

    beginning of year $4,172 · end of year $3,108

  • 11 · Investments: publicly traded securities

    beginning of year $6,372,722 · end of year $7,391,506

  • 15 · Other assets

    beginning of year $300 · end of year $2,050

  • 25 · Other liabilities

    beginning of year $1,943,744 · end of year $97,677

  • 27 · Net assets without donor restrictions

    beginning of year $4,293,931 · end of year $5,128,760

  • 28 · Net assets with donor restrictions

    beginning of year $5,479,626 · end of year $3,897,988

Mission and programs · 2023

Mission

THE MOUNT ST. MARY'S HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501(C)(3) CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF MOUNT ST. MARY'S HOSPITAL IN LEWISTON, NY.

Activities or mission (Part I)

SEE MISSION IN SCHEDULE OTHE MOUNT ST. MARY'S HOSPITAL FOUNDATION IS A CHARITABLE, NOT-FOR-PROFIT 501( C) 3 CORPORATION WITH THE SOLE PURPOSE OF RAISING FUNDS FOR THE BENEFIT OF MOUNT ST. MARY'S HOSPITAL IN LEWISTON, NY.

  • MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDS FOR CAPITAL RENOVATIONS AND EQUIPMENT PURCHASES TO ENSURE THAT OUR CLINICAL CAREGIVERS HAVE ACCESS TO UP-TO-DATE FACILITIES AND STATE -OF -THE-ART TECHNOLOGY.

    Expenses $1,919,597 · Grants $1,919,597

  • MOUNT ST. MARY'S HOSPITAL FOUNDATION PROVIDED FUNDING FOR STAFF EDUCATION AND MEDICAL EDUCATION FOR PHYSICIANS INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES. THE FOUNDATION SUPPORTED ASSOCIATE RETENTION AND HEALTH INITIATIVES BY FURNISHING INCREASED GYM EQUIPMENT AND SPONSORING THE SERENITY ROOM. MAINTAINED FUNDS TO SUPPORT SPIRITUAL CARE AND SPONSORED SEVERAL PROGRAMS TO CREATE A HEALTHIER COMMUNITY.

    Expenses $25,665 · Grants $25,665

  • MOUNT ST. MARY'S HOSPITAL FOUNDATION SERVED AN IMPORTANT ROLE IN THE COMMUNITY PROVIDING A WIDE RANGE OF SERVICES TO ADDRESS MANY LEVELS OF CARE BY SUPPORTING THE NEIGHBORHOOD FAMILY CARE CENTER.

    Expenses $88,280 · Grants $88,280

As filed on the 2023 return.

Listed in Part VII

  • MARK A SULLIVAN

    PRESIDENT & CEO

    Total calculated
    $1,740,064
    From this org
    $0
    From related orgs
    $1,635,876
    Other
    $104,188
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $926,960 related
    Bonus
    $0
    Other
    $0 + $708,916 related
    Deferred
    $0 + $86,783 related
    Nontaxable benefits
    $0 + $17,405 related
    Filer's total
    $0 + $1,740,064 related

  • CHARLES J URLAUB

    SR VP SPI & CARE DELIVERY NC PRESI

    Total calculated
    $561,880
    From this org
    $0
    From related orgs
    $486,698
    Other
    $75,182
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,188 related
    Bonus
    $0
    Other
    $0 + $22,510 related
    Deferred
    $0 + $66,520 related
    Nontaxable benefits
    $0 + $8,662 related
    Filer's total
    $0 + $561,880 related

  • MARY KNOTTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DAVID MARIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • MARTIN SHIMMEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • ANTHONY EUGENI

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • ROBERT INGRASCI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 8 related

  • PATRICIA A MISKO

    EXECUTIVE DIRECTOR

    Total calculated
    $116,533
    From this org
    $114,567
    From related orgs
    $0
    Other
    $1,966
    Hours/week
    55

  • THOMAS AUSTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • GEOFFREY MCDERMID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • LAURA MARKLE

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DOUGLAS RAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • MARY MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOAN AUL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • LYN DYSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • DONALD LARGO MD

    DIRECTOR

    Total calculated
    $353,095
    From this org
    $0
    From related orgs
    $307,043
    Other
    $46,052
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,863 related
    Bonus
    $0
    Other
    $0 + $6,180 related
    Deferred
    $0 + $29,326 related
    Nontaxable benefits
    $0 + $16,726 related
    Filer's total
    $0 + $353,095 related

  • ROBERT TAYLOR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • ANTHONY DELMONTE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 4 related

  • JOYCE MARKIEWICZ

    CHIEF BUSINESS DEVELOPMENT OFFICER, PRESIDENT&CEO

    Total calculated
    $1,168,362
    From this org
    $0
    From related orgs
    $1,086,472
    Other
    $81,890
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,344 related
    Bonus
    $0 + $25 related
    Other
    $0 + $116,103 related
    Deferred
    $0 + $64,816 related
    Nontaxable benefits
    $0 + $17,074 related
    Filer's total
    $0 + $1,168,362 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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
SEVERANCE PAYMENTS WERE MADE TO: MARK SULLIVAN $330,113
PART II COLUMN C:
THE CHANGE IN PRESENT VALUE SHOWN FOR EACH PARTICIPANT REPRESENTS THE CHANGE IN THE ACTUARIAL VALUE OF THE ACCRUED BENEFIT, WHETHER OR NOT FUNDED, VESTED OR SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. NOTE THAT THE CHANGE IN PRESENT VALUE IS PARTLY DUE TO CHANGES IN THE DISCOUNT RATE AND, FOR THOSE ACCRUING UNDER THE CASH BALANCE FORMULA, THE ASSUMPTIONS FOR FUTURE CASH BALANCE INTEREST CREDITING RATES AND FACTORS APPLICABLE TO ANNUITY CONVERSIONS.

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
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349304206

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