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Nonprofiteer
← CLAXTON-HEPBURN MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by CLAXTON-HEPBURN MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$1,691,029
Total expenses
$256,549
Contributions and grants received
$558,194
Grants paid
$36,438
Program service revenue
$0
Investment income
$1,132,805
Other revenue
$30
Total assets, end of year
$15,384,149
Total liabilities, end of year
$149,325
Net assets or fund balances, end of year
$15,234,824
Program services expenses (Part IX)
$94,746
Management and general expenses
$52,321
Fundraising expenses
$109,482
Program service expenses (Part III)
$94,746

Program services were 36.9% 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.

  • 1d · Related organizations

    $184,000

  • 1f · All other contributions, gifts and grants

    $374,194

  • 3 · Investment income

    total $473,069 · excluded $473,069

  • 7a · Gross sales of assets other than inventory

    securities $5,823,000

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

    securities $5,163,264

  • 7c · Gain or loss

    securities $659,736

  • 7d · Net gain or loss

    total $659,736 · excluded $659,736

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $30 · excluded $30

  • 11e · Other revenue, total

    $30

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,438 · program services $36,438

  • 5 · Compensation of officers, directors and key employees

    total $4,635 · program services $1,159 · management and general $1,159 · fundraising $2,317

  • 7 · Other salaries and wages

    total $22,809 · program services $5,702 · management and general $5,702 · fundraising $11,405

  • 9 · Other employee benefits

    total $6,965 · program services $1,741 · management and general $1,741 · fundraising $3,483

  • 11f · Fees: investment management

    total $63,061 · program services $15,765 · management and general $15,765 · fundraising $31,531

  • 11g · Fees: other

    total $78,042 · program services $19,511 · management and general $19,511 · fundraising $39,020

  • 12 · Advertising and promotion

    total $7,430 · fundraising $7,430

  • 13 · Office expenses

    total $9,785 · program services $2,446 · management and general $2,446 · fundraising $4,893

  • 17 · Travel

    total $3,293 · program services $823 · management and general $823 · fundraising $1,647

  • 23 · Insurance

    total $4,013 · management and general $4,013

  • 24a · Other expenses: BAD DEBT EXPENSES

    total $10,000 · program services $10,000

  • 24b · Other expenses: FUNDRAISING

    total $5,436 · fundraising $5,436

  • 24c · Other expenses: OTHER MISCELLANEOUS

    total $4,642 · program services $1,161 · management and general $1,161 · fundraising $2,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $514,503 · end of year $3,722,590

  • 3 · Pledges and grants receivable

    beginning of year $157,609 · end of year $365,707

  • 7 · Other notes and loans receivable

    beginning of year $46,900 · end of year $84,559

  • 9 · Prepaid expenses and deferred charges

    end of year $638

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

    $5,285

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

    $5,285

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,713,276 · end of year $11,210,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,580 · end of year $149,325

  • 27 · Net assets without donor restrictions

    beginning of year $10,248,314 · end of year $11,547,385

  • 28 · Net assets with donor restrictions

    beginning of year $3,124,394 · end of year $3,687,439

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO CLAXTON-HEPBURN MEDICAL CENTER BY ENGAGING THE COMMUNITY, INCREASING PHILANTHROPIC REVENUE, AND ENSURING CONSCIENTIOUS STEWARDSHIP OF THE FUNDS AND RESOURCES AND RESOUNRCES PLACED IN OUR CARE.

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT TO CLAXTON-HEPBURN MEDICAL CENTER.

  • HELPED TO RAISE FUNDS TO SUPPORT THE DONATION OF NEW AND RENOVATED HEALTHCARE FACILITIES TO CLAXTON-HEPBURN MEDICAL CENTER (CHMC). DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION SUPPORTED CHMC THROUGH EXTENDING AN APPROX. $3.5 MILLION LINE OF CREDIT AND AN APPROX. $1.1 MILLION LOAN, PLEDGING COLLATERAL OF APPROX. $4.8 MILLION TO GUARANTEE EXTERNAL THIRD PARTY LOANS, AND CONTRIBUTING APPROX. $36,000 TO CHMC TO SUPPORT ITS INITIATIVES.

    Expenses $94,746 · Grants $36,438

As filed on the 2023 return.

Listed in Part VII

  • Cathy Piche

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William A Flynn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Bloodough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherin C Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nichole Kennedy

    DIRECTOR (THRU JUN 2023)

    Total calculated
    $0
    Hours/week
    1

  • Darlene Liscum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Mahoney DMD

    DIRECTOR (THRU NOV 2023)

    Total calculated
    $0
    Hours/week
    1

  • Jane McGrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Oakley

    DIRECTOR (THRU FEB 2023)

    Total calculated
    $92,313
    From this org
    $0
    From related orgs
    $88,492
    Other
    $3,821
    Hours/week
    1 + 39 related

  • Andrea Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Tacchino

    DIRECTOR (THRU JUL 2023)

    Total calculated
    $0
    Hours/week
    1

  • Donald Tebo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zvi Szfran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Diane Dailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda A Hitterman

    EXECUTIVE DIRECTOR (THRU MAY 2023)

    Total calculated
    $4,635
    From this org
    $0
    From related orgs
    $4,500
    Other
    $135
    Hours/week
    40

  • Peter Sinagra

    EXECUTIVE DIRECTOR (BEG AUG 2023)

    Total calculated
    $63,040
    From this org
    $0
    From related orgs
    $62,308
    Other
    $732
    Hours/week
    20 + 20 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.

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.

  • NORTH COUNTRY ORTHOPEDIC AMBULATORY SURGERY CENTER LLC

    SURGICAL SERVICES · NY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403219349302205

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