Friends Of Bassett Inc

Organization Overview

Friends Of Bassett Inc, operating under the name Friends Of Bassett Healthcare, is located in Cooperstown, NY. The organization was established in 1969. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Bassett Healthcare 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, Friends Of Bassett Healthcare generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 6.7% 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.

Since 2014, Friends Of Bassett Healthcare has awarded 56 individual grants totaling $27,465,691. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE FRIENDS IS TO PROMOTE THE WELFARE OF ALL BASSETT HEALTHCARE NETWORK MEMBERS. BASSETT HEALTHCARE (BHN) IS THE SOLE MEMBER OF THE MARY IMOGENE BASSETT HOSPITAL, BASSETT REGIONAL CORPORATION (BRC), AURELIA OSBORN FOX MEMORIAL HOSPITAL SOCIETY, TEMPLETON FOUNDATION, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, VALLEY HEALTH SERVICES, LITTLE FALLS HOSPITAL, AND TRI TOWN REGIONAL HEALTHCARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OPROGRAM SERVICE ACCOMPLISHMENTS IN 2021, THE FRIENDS OF BASSETT SOLICITED CONTRIBUTIONS (FOR THE MARY IMOGENE BASSETT HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, LITTLE FALLS HOSPITAL, TRI TOWN REGIONAL HEALTHCARE, VALLEY HEALTH SERVICES, AO FOX HOSPITAL, AND TEMPLETON FOUNDATION) OF APPROXIMATELY $4.46M IN NEW REVENUE FOR THE MEMBERS OF BASSETT HEALTHCARE NETWORK; THE TOTAL WAS MADE UP OF THE FOLLOWING CATEGORIES:1) APPROXIMATELY $1,040,000 WAS IN UNRESTRICTED INCOME TO SUPPORT OPERATIONS OF THE ORGANIZATIONS FOR WHICH THE FRIENDS RAISE FUNDS2) APPROXIMATELY $49,000 TO SUPPORT COVID-19 PERSONAL PROTECTIVE EQUIPMENT AND SUPPLY NEEDS.3) APPROXIMATELY $2,073,000 TO SUPPORT EQUIPMENT PURCHASES & BUILDING EXPANSION4) APPROXIMATELY $27,700 TO SUPPORT MEDICAL STAFF EDUCATION AND PARTNERSHIPS5) APPROXIMATELY $695,000 TO SUPPORT SCHOOL-BASED HEALTH CENTERS6) APPROXIMATELY $575,000 FOR A VARIETY OF OTHER PURPOSES AS DESIGNATED BY THE DONORS


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen Johnson
President
$0
Bill Moseley
Secretary
$0
Robert Schlather
Treasurer
$0
Sandra Macdonald
Assistant Treasurer
$0
Ben Everidge
Chief Devolpment Officer
$0
Caridad Fuertes
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$134,500
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,309,137
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,443,637
Total Program Service Revenue$0
Investment income $11,851
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$10,472
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,445,016

Grants Awarded

Over the last fiscal year, Friends Of Bassett Inc has awarded $5,093,020 in support to 8 organizations.

Grant RecipientAmount

BASSETT MEDICAL CENTER

Org PageRecipient Profile

Cooperstown, NY

PURPOSE: SUPPORT

$3,823,051

Oneonta, NY

PURPOSE: SUPPORT

$496,266

VALLEY HEALTH SERVICES

Org PageRecipient Profile

Herkimer, NY

PURPOSE: SUPPORT

$289,792

O'CONNOR HOSPITAL

Org PageRecipient Profile

Delhi, NY

PURPOSE: SUPPORT

$153,836

BASSETT HOSPITAL SCHOHARIE COUNTY

Org PageRecipient Profile

Cobleskill, NY

PURPOSE: SUPPORT

$124,099

BASSETT HEALTHCARE NETWORK

Org PageRecipient Profile

Cooperstown, NY

PURPOSE: SUPPORT

$103,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Friends Of Bassett Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Working Theory Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$226,873
Earnings$40,921
Other Expense$9,280
Ending Balance$258,514

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