Echn Community Healthcare Foundation Inc
- Assets
- $6.3m
- Revenue
- $115.1k
- Investments
- $791.0
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 11/1984
- Data as of
- 09/2021
- EIN
- 22-2546080
Organization Overview
Echn Community Healthcare Foundation Inc is located in Glastonbury, 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. Echn Community Healthcare 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 09/2021, Echn Community Healthcare Foundation Inc generated $115.1k 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 (8.0%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENGAGE PHILANTHROPIC SUPPORT FOR ECHN AND AFFILIATES FOR THE HEALTH AND WELLNESS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE OCTOBER 1, 2016 ECHF IS SUPPORTING LEGACY ECHN, INC., WHICH IS HANDLING THE WIND-DOWN OF ACTIVITIES OF EASTERN CONNECTICUT HEALTH NETWORK THAT RELATE TO THE PERIOD PRIOR TO OCTOBER 1, 2016. ACTIVITIES INCLUDE FINANCIAL REPORTING, TAX RETURN PREPARATION, PAYING OF OUTSTANDING BILLS AND COLLECTION OF ANY MONIES OWED TO LEGACY ECHN. DONATIONS MADE TO ECHF ARE ONLY ACCEPTED IF THEY CAN BE USED TO SUPPORT THE WIND-DOWN ACTIVITIES OF LEGACY ECHN, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Scanlon Treasurer | OfficerTrustee | 1 | $0 |
Robert Schwartz MD President | OfficerTrustee | 1 | $0 |
Michael R Blezard Secretary | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $115,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $323,229 |
| 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 | $6,012,576 |
| Investments—other securities | $791 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,336,596 |
| 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 | $471,710 |
| Net assets with donor restrictions | $5,864,886 |
| 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 | $6,336,596 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Echn Community Healthcare Foundation Inc has recieved totaling $110,970.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $55,485 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $55,485 |
Endowment Analysis
| Beg. Balance | $5,782,685 |
| Earnings | $20,118 |
| Ending Balance | $5,802,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
St Francis Research And Educational Corporation Roslyn, NY | $9,987,779 | $6,062,261 |
New York City Retirees Health & Welfare Fund Lynbrook, NY | $40,321,331 | $11,937,808 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Agma Health Fund New York, NY | $16,660,760 | $8,070,955 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Bridgeport Hospital Foundation Inc Bridgeport, CT | $101,482,043 | $9,027,392 |
Trust Agreement For The Post- Retirement Medical Plan For Non- Orange, CT | $164,430 | $1,403,057 |
Community Drive Surgery Pc Westbury, NY | $144,786 | $5,601,028 |
Rochester Area Cons And Materials Teamsters Health & Welfare Fund Rochester, NY | $6,967,652 | $6,814,801 |
Sheet Metal Workers Health Fund Rochester, NY | $9,329,106 | $8,170,051 |
North Shore-Lij Ob-Gyn At New Hyde Park Pc Westbury, NY | $305,574 | $6,485,956 |