Griffin Hospital Development Fund Inc
- Assets
- $10.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Derby, CT
- Founding
- 02/1985
- Data as of
- 09/2021
- EIN
- 22-2560254
Organization Overview
Griffin Hospital Development Fund Inc is located in Derby, CT. The organization was established in 1985. 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. Griffin Hospital Development Fund 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, Griffin Hospital Development Fund Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.8m during the year ending 09/2021. While expenses have increased by 0.1% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST GRIFFIN HOSPITAL IN THE PROVISION OF MEDICAL & HOSPITAL CARE, MEDICAL EDUCATION & RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRIFFIN HOSPITAL DEVELOPMENT FUND ATTRACTS SUPPORT AND RAISES FUNDS FOR THE GRIFFIN HOSPITAL TO MAINTAIN ITS REPUTATION AS A CENTER OF MEDICAL EXCELLENCE IN HUMANISTIC HEALTHCARE. IT PROVIDES ORGANIZATIONS AND COMMUNITY MEMBERS WITH OPPORTUNITIES FOR GIVING THAT MAKE MEANING OF THEIR EXPERIENCES AND VALUES. IT ALSO DEVELOPS POSITIVE RELATIONSHIPS TO CREATE GOODWILL THROUGH DONOR PROGRAMS, GIVING OPPORTUNITIES, SPECIAL EVENTS, DONOR PUBLICATIONS, AND PERSONAL VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Betkoski III Chairman | OfficerTrustee | 0.15 | $0 |
Patrick A Charmel Secretary/treasurer | OfficerTrustee | 0.15 | $0 |
Janet Hall Executive Director | Officer | 40 | $0 |
Maureen Coffey Director | Trustee | 0.15 | $0 |
William Mis Director | Trustee | 0.15 | $0 |
Frederick Stanek ESQ Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $310,367 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,255,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,565,412 |
| Total Program Service Revenue | $0 |
| Investment income | $139,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,688 |
| Net Income from Fundraising Events | -$49,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,825,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,961,024 |
| 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. | $165,131 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,248 |
| Pension plan accruals and contributions | $8,019 |
| Other employee benefits | $56,722 |
| Payroll taxes | $25,345 |
| 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 | $29,131 |
| Fees for services: Other | $4,084 |
| Advertising and promotion | $0 |
| Office expenses | $39,067 |
| Information technology | $24,399 |
| Royalties | $0 |
| Occupancy | $63,324 |
| Travel | $430 |
| 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 | $727 |
| Total functional expenses | $2,803,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $401,484 |
| Accounts receivable, net | $8,150 |
| 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 | $70,473 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,089,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,527,481 |
| Accounts payable and accrued expenses | $21,191 |
| Grants payable | $0 |
| Deferred revenue | $71,650 |
| 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 | $92,841 |
| Net assets without donor restrictions | $7,665,473 |
| Net assets with donor restrictions | $2,769,167 |
| 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 | $10,527,481 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Griffin Hospital Development Fund Inc has recieved totaling $191,525.
| Awarding Organization | Amount |
|---|---|
Hartnett Foundation Middlebury, CT PURPOSE: SURGICAL DEVELOPMENT SUITE | $150,000 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: GRANT | $29,525 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: CONTRIBUTION | $10,000 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: 5K JOGGER SPONSOR | $1,000 |
Own Your Future Foundation Inc Shelton, CT PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,742,616 |
| Ending Balance | $1,742,616 |
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 |