Cheshire Health Foundation
- Assets
- $30.8m
- Revenue
- $370.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Keene, NH
- Founding
- 05/1944
- Data as of
- 06/2020
- EIN
- 02-0202220
Organization Overview
Cheshire Health Foundation is located in Keene, NH. The organization was established in 1944. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Cheshire Health Foundation generated $370.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $326.8k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (30.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHESHIRE HEALTH FOUNDATION CULTIVATES AND STEWARDS CHARITABLE SUPPORT TO ADVANCE THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHESHIRE HEALTH FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTH AND WELLNESS MISSION OF CHESHIRE MEDICAL CENTER. FOR FISCAL YEAR 2020, MEDICAL CENTER SENIOR LEADERS AND TRUSTEES COLLABORATED WITH FOUNDATION TRUSTEES TO DETERMINE THE STRATEGIC NEEDS FOR THE YEAR. TWO STRATEGIC PRIORITIES WERE DETERMINED: THE PURCHASE OF 17 DEFIBRILLATORS TO REPLACE OLDER, OUTDATED DEFIBRILLATORS LOCATED IN OUR HOSPITAL/ACUTE CARE SETTING, AND A PORTABLE, DIGITAL X-RAY MACHINE FOR USE IN THE INTENSIVE CARE UNIT, EMERGENCY DEPARTMENT AND SURGICAL SUITE. THIS X-RAY MACHINE ALSO REPLACED OLDER, OUTDATED EQUIPMENT. THE MAJORITY OF THE MONEY THAT THE FOUNDATION RAISED WENT FOR THE PURCHASE OF THESE PIECES OF TECHNOLOGY. OTHER FUNDS RAISED SUPPORTED THE NORRIS COTTON CANCER CENTER THROUGH THE PURCHASE OF EQUIPMENT SUCH AS ALL NEW INFUSION CHAIRS AS WELL AS ASSISTING PATIENTS FINANCIALLY WHO HAVE DIFFICULTY MEETING THEIR DAILY LIVING EXPENSES. THE FOUNDATION ALSO BROUGHT IN DONATIONS FOR THE PURCHASE OF A NEW BLADDER SCANNER FOR THE WOMEN'S HEALTH UNIT, AND SCHOLARSHIP FUNDS WERE INCREASED THROUGH DONATIONS TO THE CINDI COUGHLIN PROFESSIONAL NURSING SCHOLARSHIP FUND AND THE BEN TATRO MEMORIAL HEALTHCARE SCHOLARSHIP FUND. PLANNED GIFTS OVER THE YEARS HAVE CREATED SPECIFIC PURPOSE FUNDS AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS THAT SUPPORT PATIENT CARE AT CHESHIRE MEDICAL CENTER, INCLUDING PATIENT FINANCIAL ASSISTANCE, NURSING SCHOLARSHIPS AND THE SUPPORT OF POPULATION HEALTH AND THE HEALTHY MONADNOCK INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,471 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,509 |
| Total Program Service Revenue | $0 |
| Investment income | $165,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,081 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,040 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,767 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,350 |
| Advertising and promotion | $1,673 |
| Office expenses | $14,889 |
| Information technology | $712 |
| Royalties | $0 |
| Occupancy | $46,880 |
| Travel | $23 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,960 |
| Insurance | $32,366 |
| All other expenses | $11,365 |
| Total functional expenses | $326,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,710,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,818 |
| Net Land, buildings, and equipment | $3,039,499 |
| Investments—publicly traded securities | $5,846,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,204,151 |
| Total assets | $30,838,572 |
| Accounts payable and accrued expenses | $30 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,662,439 |
| Total liabilities | $5,662,469 |
| Net assets without donor restrictions | $12,550,148 |
| Net assets with donor restrictions | $12,625,955 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,838,572 |
Grants Awarded
Over the last fiscal year, Cheshire Health Foundation has awarded $16,584 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Merrimack, NH PURPOSE: Program Support | $5,528 |
Brattleboro, VT PURPOSE: Program Support | $5,528 |
North Swanzey, NH PURPOSE: Program Support | $5,528 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cheshire Health Foundation has recieved totaling $76,947.
| Awarding Organization | Amount |
|---|---|
Harry C Lichman Tua Providence, RI PURPOSE: UNRESTRICTED GENERAL | $38,402 |
Hoffman Family Foundation Boston, MA PURPOSE: GENERAL | $20,000 |
Tuw Harry C Lichman Providence, RI PURPOSE: UNRESTRICTED GENERAL | $18,545 |
Endowment Analysis
| Beg. Balance | $22,396,539 |
| Earnings | $111,672 |
| Net Contributions | $10,538 |
| Other Expense | $924,046 |
| Ending Balance | $21,594,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milford Regional Physician Group Inc Milford, MA | $17,634,545 | $78,222,591 |
Circle Health Physicians Inc Lowell, MA | $12,464,968 | $49,416,984 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $68,624,378 | $42,412,451 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $64,563,823 | $38,033,711 |
Bmc Health System Boston, MA | $26,075,339 | $13,633,075 |
Broadline Risk Retention Group Inc Colchester, VT | $112,721,389 | $21,290,245 |
Solutionhealth Bedford, NH | $14,038,238 | $21,174,050 |
Alliance Health Of Quincy Inc Southborough, MA | $18,920,330 | $18,422,168 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Norwood, MA | $17,005,497 | $19,277,366 |
Baystate Health Foundation Inc Springfield, MA | $127,120,854 | $9,304,410 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $16,370,991 | $12,169,574 |
Vna Care Network Inc Worcester, MA | $128,855,079 | $14,224,602 |