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Nonprofiteer
← MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC

Form 990 for tax year 2024

Filed by MEMORIAL HOSPITAL FOUNDATION AT NORTH CONWAY INC.

Totals

Total revenue
$523,794
Total expenses
$22,322
Contributions and grants received
$159,567
Grants paid
$0
Program service revenue
$0
Investment income
$370,310
Other revenue
-$6,083
Total assets, end of year
$8,948,682
Total liabilities, end of year
$117,310
Net assets or fund balances, end of year
$8,831,372
Program services expenses (Part IX)
$22,322
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$22,322

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

    $33,830

  • 1f · All other contributions, gifts and grants

    $125,737

  • 3 · Investment income

    total $161,775 · excluded $161,775

  • 7a · Gross sales of assets other than inventory

    securities $3,336,508

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

    securities $3,127,973

  • 7c · Gain or loss

    securities $208,535

  • 7d · Net gain or loss

    total $208,535 · excluded $208,535

  • 8a · Fundraising events: gross income

    $25,527

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

    $33,830

  • 8b · Fundraising events: direct expenses

    $31,610

  • 8c · Net income from fundraising events

    total -$6,083 · excluded -$6,083

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $19,110 · program services $19,110

  • 19 · Conferences, conventions and meetings

    total $1,186 · program services $1,186

  • 24a · Other expenses: Purchased services

    total $1,990 · program services $1,990

  • 24b · Other expenses: Misc internal charges

    total $36 · program services $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300,760 · end of year $322,497

  • 2 · Savings and temporary cash investments

    beginning of year $1,568,183 · end of year $1,799,767

  • 11 · Investments: publicly traded securities

    beginning of year $3,899,453 · end of year $4,481,345

  • 12 · Investments: other securities

    beginning of year $2,096,037 · end of year $2,331,043

  • 15 · Other assets

    beginning of year $28,340 · end of year $14,030

  • 25 · Other liabilities

    beginning of year $4,227 · end of year $117,310

  • 27 · Net assets without donor restrictions

    beginning of year $6,719,699 · end of year $7,622,163

  • 28 · Net assets with donor restrictions

    beginning of year $1,168,847 · end of year $1,209,209

Mission and programs · 2024

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, MAINEHEALTH 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, MAINEHEALTH MEMORIAL HOSPITAL IS DEPENDENT UPON PHILANTHROPIC SUPPORT TO PROVIDE THE HIGHEST QUALITY OF HEALTHCARE AVAILABLE. THE MAINEHEALTH 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 MAINEHEALTH 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 $22,322

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Hoeft

    Frmr Physician/Frmr Trustee

    Total calculated
    $381,166
    From this org
    $0
    From related orgs
    $324,267
    Other
    $56,899
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,535 related
    Bonus
    $0 + $61,186 related
    Other
    $0 + $35,546 related
    Deferred
    $0 + $14,467 related
    Nontaxable benefits
    $0 + $42,432 related
    Filer's total
    $0 + $381,166 related

  • Tricia Costigan

    President/Trustee

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Rachael Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Boyle

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christine Thompson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tim Scott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle O'Donnell

    Frmr Treasurer/Frmr Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Perley

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Linda Terry

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Corinne Ray

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Trampas Hutches

    Frmr Interim/Mountain Reg. President

    Total calculated
    $788,077
    From this org
    $0
    From related orgs
    $735,712
    Other
    $52,365
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $465,941 related
    Bonus
    $0 + $162,160 related
    Other
    $0 + $107,611 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $38,565 related
    Filer's total
    $0 + $788,077 related

  • Bradley Chapman

    Frmr President/ Frmr Trustee

    Total calculated
    $442,526
    From this org
    $0
    From related orgs
    $389,652
    Other
    $52,874
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,782 related
    Bonus
    $0 + $66,330 related
    Other
    $0 + $35,540 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $39,074 related
    Filer's total
    $0 + $442,526 related

  • Diana McLaughlin

    VP Finance - Mountain Region

    Total calculated
    $376,640
    From this org
    $0
    From related orgs
    $309,360
    Other
    $67,280
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,962 related
    Bonus
    $0 + $49,116 related
    Other
    $0 + $36,282 related
    Deferred
    $0 + $25,900 related
    Nontaxable benefits
    $0 + $41,380 related
    Filer's total
    $0 + $376,640 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

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
2024
Filed
28 July 2026
IRS schema version
2024v5.5
Source object
202602189349302005

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