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Nonprofiteer
← MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC

Form 990 for tax year 2022

Filed by MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC.

Totals

Total revenue
$476,226
Total expenses
$79,654
Contributions and grants received
$163,327
Grants paid
$0
Program service revenue
$0
Investment income
$326,305
Other revenue
-$13,406
Total assets, end of year
$6,879,287
Total liabilities, end of year
$52,265
Net assets or fund balances, end of year
$6,827,022
Program services expenses (Part IX)
$79,654
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,654

Program services were 100.0% 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

    $31,820

  • 1f · All other contributions, gifts and grants

    $131,507

  • 3 · Investment income

    total $112,617 · excluded $112,617

  • 7a · Gross sales of assets other than inventory

    securities $5,714,992

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

    securities $5,501,304

  • 7c · Gain or loss

    securities $213,688

  • 7d · Net gain or loss

    total $213,688 · related or exempt $213,688

  • 8a · Fundraising events: gross income

    $21,586

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

    $31,820

  • 8b · Fundraising events: direct expenses

    $34,992

  • 8c · Net income from fundraising events

    total -$13,406 · excluded -$13,406

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $56,788 · program services $56,788

  • 17 · Travel

    total $782 · program services $782

  • 24a · Other expenses: Medical supplies

    total $21,744 · program services $21,744

  • 24b · Other expenses: Purchased services

    total $190 · program services $190

  • 24c · Other expenses: Resident programs

    total $150 · program services $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,942 · end of year $291,272

  • 2 · Savings and temporary cash investments

    beginning of year $1,560,780 · end of year $1,618,994

  • 11 · Investments: publicly traded securities

    beginning of year $2,100,021 · end of year $2,727,310

  • 12 · Investments: other securities

    beginning of year $2,288,857 · end of year $2,227,741

  • 15 · Other assets

    beginning of year $3,712 · end of year $13,970

  • 25 · Other liabilities

    beginning of year $53,958 · end of year $52,265

  • 27 · Net assets without donor restrictions

    beginning of year $4,972,718 · end of year $5,611,594

  • 28 · Net assets with donor restrictions

    beginning of year $1,195,636 · end of year $1,215,428

Mission and programs · 2022

Mission

TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH. TO HOLD AND MANAGE PROPERTY FOR THE TAX-EXEMPT USES IN DIRECT FURTHERANCE (CONTINUED ON SCHEDULE O)OF THE HOSPITAL'S PURPOSES, AND TO RAISE AND DISTRIBUTE FUNDS TO THE HOSPITAL IN SUPPORT OF ITS PROGRAMS AND SERVICES.

Activities or mission (Part I)

TO SUPPORT THE MEMORIAL HOSPITAL AT NORTH CONWAY, NH.

  • WITH OVER 100 YEARS OF HISTORY, MEMORIAL HOSPITAL IS A THRIVING, RURAL COMMUNITY HOSPITAL THAT PROVIDES AN EXTENSIVE ARRAY OF HEALTHCARE SERVICES FOR THE RESIDENTS OF MOUNT WASHINGTON VALLEY AND THE MILLIONS OF TOURISTS WHO VISIT OUR REGION EVERY YEAR. AS A NON-PROFIT ORGANIZATION, MEMORIAL HOSPITAL IS DEPENDENT UPON PHILANTHROPIC SUPPORT TO PROVIDE THE HIGHEST QUALITY OF HEALTHCARE AVAILABLE. THE MEMORIAL HOSPITAL FOUNDATION WAS CREATED IN 2013 AS THE FUNDRAISING VEHICLE FOR THE HOSPITAL. THE FOUNDATION REINVESTS INTO THE COMMUNITY WE SERVE BY SUPPORTING THE CAPITAL NEEDS AND SPECIAL PROJECTS OF THE HOSPITAL THROUGH PHILANTHROPY BY:-FOSTERING A CULTURE THAT PROVIDES AN EXPERIENCE THAT EXCEEDS EXPECTATIONS -BUILDING STRONG RELATIONSHIPS THAT IMPROVE COMMUNITY HEALTH PROGRAMS AND THE OVERALL STATUS OF HEALTH IN OUR COMMUNITY -ACHIEVING LONG-TERM VIABILITY BY SUPPORTING FINANCIAL NEEDS IN A RAPIDLY CHANGING HEALTHCARE ENVIRONMENT EVERY GIFT MADE TO THE MEMORIAL HOSPITAL FOUNDATION, NO MATTER HOW LARGE OR SMALL, IS HONORED AND WILL GO DIRECTLY TOWARD HELPING IMPROVE THE HEALTHCARE OF OUR COMMUNITY, FOR LOCALS AND GUESTS ALIKE. THE FOUNDATION STRIVES EQUALLY TO BE RELIABLE STEWARDS OF OUR DONORS' FINANCIAL COMMITMENTS TO US BY ADHERING TO PHILANTHROPY'S HIGHEST ETHICAL STANDARDS AND BEST KNOWN PRACTICES.

    Expenses $79,654 · Revenue $213,688

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Mueller

    CEO, MH/Trustee

    Total calculated
    $1,844,911
    From this org
    $0
    From related orgs
    $1,792,868
    Other
    $52,043
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,278,238 related
    Bonus
    $0 + $442,969 related
    Other
    $0 + $71,661 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $39,843 related
    Filer's total
    $0 + $1,844,911 related

  • Kelly Elkins

    COO, MH/Frmr Trustee

    Total calculated
    $1,129,790
    From this org
    $0
    From related orgs
    $1,100,614
    Other
    $29,176
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $734,790 related
    Bonus
    $0 + $174,375 related
    Other
    $0 + $191,449 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $16,976 related
    Filer's total
    $0 + $1,129,790 related

  • Art Mathisen

    Frmr President/Frmr Trustee

    Total calculated
    $478,186
    From this org
    $0
    From related orgs
    $461,421
    Other
    $16,765
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,420 related
    Bonus
    $0 + $80,295 related
    Other
    $0 + $87,706 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $7,615 related
    Filer's total
    $0 + $478,186 related

  • Diana McLaughlin

    Chief Financial Officer

    Total calculated
    $330,754
    From this org
    $0
    From related orgs
    $274,403
    Other
    $56,351
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,309 related
    Bonus
    $0 + $37,160 related
    Other
    $0 + $21,934 related
    Deferred
    $0 + $22,788 related
    Nontaxable benefits
    $0 + $33,563 related
    Filer's total
    $0 + $330,754 related

  • David Hoeft

    Physician/Trustee

    Total calculated
    $307,724
    From this org
    $0
    From related orgs
    $262,634
    Other
    $45,090
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,084 related
    Bonus
    $0
    Other
    $0 + $30,550 related
    Deferred
    $0 + $8,295 related
    Nontaxable benefits
    $0 + $36,795 related
    Filer's total
    $0 + $307,724 related

  • Mary Vigeant

    Nurse Practitioner/Trustee

    Total calculated
    $242,523
    From this org
    $0
    From related orgs
    $217,344
    Other
    $25,179
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,096 related
    Bonus
    $0 + $4,125 related
    Other
    $0 + $35,123 related
    Deferred
    $0 + $6,620 related
    Nontaxable benefits
    $0 + $18,559 related
    Filer's total
    $0 + $242,523 related

  • John Cox

    Former Regional CFO

    Total calculated
    $151,341
    From this org
    $0
    From related orgs
    $134,314
    Other
    $17,027
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,504 related
    Bonus
    $0 + $16,400 related
    Other
    $0 + $14,410 related
    Deferred
    $0 + $10,849 related
    Nontaxable benefits
    $0 + $6,178 related
    Filer's total
    $0 + $151,341 related

  • Steve Boyle

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mary DeVeau

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Greg Frizzell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tim Scott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alec Tarberry

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jill Berry Bowen

    Interim President/Trustee

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Michelle O'Donnell

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Chris Perley

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Linda Terry

    Board Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Corinne Ray

    Board 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

No itemized grants to organizations 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
2022
Filed
31 July 2024
IRS schema version
2022v5.0
Source object
202432279349302133

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