St Marys Hospital Foundation Inc
- Assets
- $7.9m
- Revenue
- $824.7k
- Investments
- $298.8k
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 09/1984
- Data as of
- 09/2021
- EIN
- 22-2528400
Organization Overview
St Marys Hospital Foundation Inc, operating under the name Saint Mary's Hospital Foundation, is located in Hartford, CT. The organization was established in 1984. 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. Saint Mary's Hospital Foundation 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 09/2021, Saint Mary's Hospital Foundation generated $824.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PROGRAMS OF SAINT MARY'S HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT MARY'S HOSPITAL FOUNDATION WAS ESTABLISHED IN 1984 IN ORDER TO SUPPORT THE HOSPITAL AND EXPAND THE SERVICES PROVIDED TO THE COMMUNITY. WITH THE COMMITMENT AND GENEROSITY OF THE GREATER WATERBURY COMMUNITY, THE FOUNDATION HAS SINCE BEEN ABLE TO RAISE THE FUNDS TO RENOVATE AND EXPAND FACILITIES, DEVELOP CRUCIAL OUTREACH AND CLINICAL PROGRAMS, ACQUIRE STATE-OF-THE-ART EQUIPMENT AND TECHNOLOGY, AND ATTRACT AN ACCOMPLISHED MEDICAL STAFF WHO BRING A VARIETY OF DIFFERENT SKILLS AND EXPERTISE TO THE GREATER WATERBURY COMMUNITY.SOME OF THE FOUNDATION'S GREATEST ACCOMPLISHMENTS HAVE BEEN CREATING THE NEW WOMEN AND INFANT'S CENTER AND CLINICAL LABORATORY, RENOVATING OUR EMERGENCY DEPARTMENT, THUS IMPROVING THE SERVICES WE OFFER IN A MORE TIMELY MANNER, AND BRINGING THE DAVINCI ROBOTIC SURGICAL SYSTEM TO THE AREA IN ORDER TO PROVIDE PATIENTS ACCESS TO MINIMALLY INVASIVE SURGICAL PROCEDURES.IN ADDITION TO EXPANDING OUR FACILITIES AND SERVICES, SAINT MARY'S REMAINS COMMITTED TO PROVIDING THE HIGHEST IN QUALITY CARE TO EVERY PATIENT, EVERY DAY THROUGH A VARIETY OF DIFFERENT PROGRAMS. MOST RECENTLY, SAINT MARY'S HOSPITAL FOUNDATION HAS BEEN ABLE TO ESTABLISH OUR BREAST SCREENING FUND IN ORDER TO PROVIDE SERVICES TO WOMEN IN THE GREATER WATERBURY AREA WHO OTHERWISE WOULD NOT HAVE ACCESS TO ANY PREVENTATIVE OR DIAGNOSTIC CARE.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.STMHFOUNDATION.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Schneider MD Director; Smh President & CEO | OfficerTrustee | 1 | $0 |
Amanda Nardiello Dir; Chief Dev. Officer As Of 1/21 | OfficerTrustee | 40 | $0 |
Thomas Porzio Director & Treasurer Through 10/20 | OfficerTrustee | 1 | $0 |
Lynnette Letsky-Piombo Dir; Secy Thr 12/20; Chair At 1/21 | OfficerTrustee | 1 | $0 |
Lori Greene Director; Secretary As Of 1/21 | OfficerTrustee | 1 | $0 |
Mike O'connor Director; Treasurer As Of 1/21 | OfficerTrustee | 1 | $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 | $577,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,069 |
| Total Program Service Revenue | $0 |
| Investment income | $51,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $824,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $508,205 |
| Grants and other assistance to domestic individuals. | $29,328 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,842 |
| Advertising and promotion | $5,973 |
| Office expenses | $16,945 |
| 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 | $1,093,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $998,569 |
| 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 | $6,123,581 |
| Investments—other securities | $298,760 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,438 |
| Total assets | $7,883,198 |
| 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 | $1,784,716 |
| Total liabilities | $1,784,716 |
| Net assets without donor restrictions | $433,466 |
| Net assets with donor restrictions | $5,665,016 |
| 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 | $7,883,198 |
Grants Awarded
Over the last fiscal year, St Marys Hospital Foundation Inc has awarded $203,892 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: PROGRAM SUPPORT | $109,190 |
FRANKLIN MEDICAL GROUP PC PURPOSE: PROGRAM SUPPORT | $94,702 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Marys Hospital Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Liberty Bank Foundation Middletown, CT PURPOSE: TO SUPPORT SOCIAL CARE FOR HEALTH EQUITY | $10,000 |
Burton & Phyllis Hoffman Foundation Inc East Hartford, CT PURPOSE: RUNWAY GALA 2020 | $5,000 |
Endowment Analysis
| Beg. Balance | $1,050,432 |
| Ending Balance | $1,050,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |
Kaleida Health Foundation Buffalo, NY | $51,635,674 | $6,911,970 |