Carroll Hospital Center Foundation Inc
- Assets
- $99.6m
- Revenue
- $10.4m
- Investments
- $14.7m
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 12/1985
- Data as of
- 06/2022
- EIN
- 52-1115038
Organization Overview
Carroll Hospital Center Foundation Inc is located in Westminster, MD. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Carroll Hospital Center 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 06/2022, Carroll Hospital Center Foundation Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carroll Hospital Center Foundation Inc has awarded 16 individual grants totaling $33,060,321. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES (CONTINUED IN SCH O )
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SUPPORT THE MISSION AND VISION OF BRIDGINGLIFE, INC. FUNDS ARE USED FOR HOSPICE OPERATIONS, BEREAVEMENT AND SPIRITUAL CARE.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil M Meltzer Board Member/lbh President/ceo | Trustee | 1 | $0 |
Leslie Simmons Former President Carroll Hosp. | 1 | $0 | |
Garrett Hoover Board Member/president Chcf | OfficerTrustee | 1 | $0 |
Dona Hobart MD Board Member/physician | Trustee | 1 | $0 |
Michael Myers Treasurer/cfo | Officer | 1 | $0 |
M Ellen Finnerty Myers Executive VP | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $294,560 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,236,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,530,631 |
| Total Program Service Revenue | $0 |
| Investment income | $15,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,841,802 |
| Net Income from Fundraising Events | $12,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,399,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,263,090 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $415,947 |
| 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 | $2,069 |
| Total functional expenses | $3,796,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,284,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,983,523 |
| 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 | $3,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $80,568,223 |
| Investments—other securities | $14,712,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,815 |
| Total assets | $99,564,369 |
| Accounts payable and accrued expenses | $1,071,494 |
| 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 | $962,490 |
| Total liabilities | $2,033,984 |
| Net assets without donor restrictions | $39,180,405 |
| Net assets with donor restrictions | $58,349,980 |
| 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 | $99,564,369 |
Grants Awarded
Over the last fiscal year, Carroll Hospital Center Foundation Inc has awarded $3,263,090 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGINGLIFE INC PURPOSE: SEE PART IV | $182,108 |
CARROLL HOSPITAL CENTER INC PURPOSE: SEE PART IV | $3,080,982 |