Community Memorial Hospital Foundation Inc

Organization Overview

Community Memorial Hospital Foundation Inc is located in Hamilton, NY. The organization was established in 2001. 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. Community Memorial 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 12/2021, Community Memorial Hospital Foundation Inc generated $812.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $191.2k during the year ending 12/2021. While expenses have increased by 31.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY MEMORIAL HOSPITAL FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO SOLICIT, RECEIVE, INVEST AND ADMINISTER CONTRIBUTIONS, GIFTS, DEVICES AND BEQUESTS TO OR ON BEHALF OF COMMUNITY MEMORIAL HOSPITAL, INC AND TO PAY MONIES TO THE HOSPITAL FOR ITS CORPORATE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY MEMORIAL HOSPITAL FOUNDATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO SOLICIT, RECEIVE, INVEST AND ADMINISTER CONTRIBUTIONS, GIFTS, DEVICES AND BEQUESTS TO OR ON BEHALF OF COMMUNITY MEMORIAL HOSPITAL, INC AND TO PAY MONIES TO THE HOSPITAL FOR ITS CORPORATE PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Brundage
Secretary
$0
Susan Gustafson
Chair
$0
Robert Tenney
Treasurer
$0
Theresa Kevorkian
Vice Chair
$0
Meghan Dougherty
Director Of Marketing
$0
Jeffery Coakley
President And CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$86,190
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$684,175
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$770,365
Total Program Service Revenue$0
Investment income $37,261
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $16,854
Net Income from Fundraising Events -$12,395
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $812,085

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Community Memorial Hospital Foundation Inc has recieved totaling $72,000.

Awarding OrganizationAmount
Central New York Community Foundation Inc

Syracuse, NY

PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT

$51,000
Price Choppers Golub Foundation

Schenectady, NY

PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$10,000
The Tianaderrah Foundation C/O Robert L Gipson

New York, NY

PURPOSE: GENERAL FUNDS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,380,696
Earnings$178,762
Admin Expense-$15,453
Net Contributions$5,061,726
Grants-$4,292,091
Ending Balance$2,313,566

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