Nutt Hospital Association
- Assets
- $5.9m
- Revenue
- $628.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashua, NH
- Founding
- 02/1960
- Data as of
- 12/2021
- EIN
- 02-6005989
Organization Overview
Nutt Hospital Association is located in Nashua, NH. The organization was established in 1960. 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. Nutt Hospital Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nutt Hospital Association generated $628.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $223.3k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nutt Hospital Association has awarded 22 individual grants totaling $1,352,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECTION 509(A)(3) TYPE III SUPPORTING ORGANIZATION: PROVIDES FUNDS FOR THE PURCHASE OF SPECIALIZED MEDICAL EQUIPMENT, CONTINUING HEALTH CARE EDUCATION, INDIGENT PATIENT CARE AND OTHER SUCH CHARITABLE PURPOSES AS DEEMED NECESSARY FOR FINANCIAL SUPPORT OF HEALTH CARE PROGRAMS IN THE NASHUA NH AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE OF HOSPITAL EQUIPMENT, CONTINUING HEALTH CARE EDUCATION, INDIGNENT PATIENT CARE AND OTHER SUCH CHARITABLE PURPOSES AS DEEMED NECESSARY FOR FINANCIAL SUPPORT OF HEALTH CARE PROGRAMS IN THE NASHUA AREA.THIS MISSION ALSO INCLUDES EDUCATIONAL ASSISTANCE TO TEACH CHILDREN HOW TO CARE FOR ONE'S OWN HEALTH, TO ENGAGE CHILDREN AND THEIR FAMILIES TOGETHER IN REGULAR PHYSICAL ACTIVITY WHILE EMBRACING A LIFE-LONG HEALTHY RESPECT FOR MIND, BODY AND SPIRIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albee Budnitz Vice President/trustee | OfficerTrustee | 0 | $0 |
Martha E O'neill ESQ Clerk/trustee | OfficerTrustee | 2 | $0 |
Paul M Edmunds Jr Treasurer/auditor | OfficerTrustee | 2 | $0 |
Margaret C Gilmour MD President/trustee | OfficerTrustee | 2 | $0 |
G Frank Teas Trustee | Trustee | 0 | $0 |
Devra Cohen Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $105,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $523,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,250 |
| 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. | $1,200 |
| Compensation of current officers, directors, key employees. | $1,200 |
| 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 | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,427 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $223,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,943,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,943,032 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $5,943,032 |
| 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 | $5,943,032 |
Grants Awarded
Over the last fiscal year, Nutt Hospital Association has awarded $187,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Nashua, NH PURPOSE: INDIGENT CARE, MEDICAL EQUIPMENT, CONTINUING EDUCATION | $152,000 |
Nashua, NH PURPOSE: GENERAL PURPOSES | $25,000 |
Nashua, NH PURPOSE: GENERAL PURPOSES | $10,000 |
Endowment Analysis
| Beg. Balance | $5,517,590 |
| Earnings | $648,757 |
| Admin Expense | $36,064 |
| Grants | $187,250 |
| Ending Balance | $5,943,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Cheshire Health Foundation Keene, NH | $78,781,807 | $12,306,567 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Concord Hospital Trust Concord, NH | $67,334,634 | $6,367,330 |