Lourdes Hospital Foundation Inc
- Assets
- $32.4m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 05/1982
- Data as of
- 10/2021
- EIN
- 16-1170915
Organization Overview
Lourdes Hospital Foundation Inc is located in Binghamton, NY. The organization was established in 1982. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Lourdes Hospital Foundation Inc 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 10/2021, Lourdes Hospital Foundation Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $881.9k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lourdes Hospital Foundation Inc has awarded 35 individual grants totaling $8,823,194. 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
LOURDES HOSPITAL FOUNDATION SOLICITS CONTRIBUTIONS TO PROVIDE FUNDING FOR OUR LADY OF LOURDES MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOURDES HOSPITAL FOUNDATION SOLICITS CONTRIBUTIONS TO PROVIDE FUNDING TO OUR LADY OF LOURDES MEMORIAL HOSPITAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'connell President | OfficerTrustee | 40 | $0 |
Armond George Vice-Chairman | OfficerTrustee | 0.25 | $0 |
Michael Dobransky Secretary | OfficerTrustee | 0.25 | $0 |
John Mirabito Chairman | OfficerTrustee | 0.25 | $0 |
Chad Nixon Treasurer | OfficerTrustee | 0.25 | $0 |
Kenneth Elliott Member | Trustee | 0.25 | $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 | $972,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,816 |
| Total Program Service Revenue | $0 |
| Investment income | $133,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,437,102 |
| Net Income from Fundraising Events | $51,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,595,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $543,127 |
| 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 | $11,275 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $549 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,334 |
| Royalties | $0 |
| Occupancy | $5,357 |
| Travel | $5,789 |
| 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 | $1,756 |
| Insurance | $2,469 |
| All other expenses | $8,423 |
| Total functional expenses | $881,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,528 |
| Savings and temporary cash investments | $28,590 |
| Pledges and grants receivable | $166,402 |
| 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 | $1,903 |
| Investments—publicly traded securities | $31,765,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,666 |
| Total assets | $32,424,476 |
| Accounts payable and accrued expenses | $174,007 |
| 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 | $174,007 |
| Net assets without donor restrictions | $13,074,178 |
| Net assets with donor restrictions | $19,176,291 |
| 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 | $32,424,476 |
Grants Awarded
Over the last fiscal year, Lourdes Hospital Foundation Inc has awarded $527,466 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: C-ARM UNITS | $317,000 |
St Louis, MO PURPOSE: HOSPICE | $175,466 |
St Louis, MO PURPOSE: BROOME COUNTY COMMUNITY CHARITIES | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Lourdes Hospital Foundation Inc has recieved totaling $103,316.
| Awarding Organization | Amount |
|---|---|
Security Mutual Life Insurance Company Flood Relief Charitable Tr Binghamton, NY PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $54,573 |
Ahearn Foundation Buffalo, NY PURPOSE: PUBLIC SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,100 |
Shamrock Five Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Bgm Foundation Vestal, NY PURPOSE: SUPPORT | $5,000 |
Busfield Foundation Windsor, NY PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $25,830,292 |
| Earnings | $5,447,592 |
| Net Contributions | $1,200,000 |
| Grants | $537,455 |
| Ending Balance | $31,940,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Jeanes Hospital Philadelphia, PA | $0 | $90,864,313 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Lehigh Valley Hospital - Coordinated Health Allentown Allentown, PA | $172,900,540 | $112,544,100 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |
Aurelia Osborn Fox Memorial Hospital Society Oneonta, NY | $63,274,804 | $82,131,187 |
Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |