Carroll Hospital Center Foundation Inc

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 06/2021, Carroll Hospital Center Foundation Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 3.3% 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.

Since 2015, Carroll Hospital Center Foundation Inc has awarded 16 individual grants totaling $35,833,660. 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 990T Filing

TAX YEAR

2021

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:

SEE SCHEDULE O


SUPPORT THE MISSION AND VISION OF CARROLL HOSPICE. 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)Compensation
Garrett Hoover
Board Member/pres Carroll Hosp
$0
Mark Debinski
Chair
$0
Alex Myers
Vice Chair
$0
Christopher Holt
Secretary
$0
Michael Myers
CFO & Treasurer
$0
Ellen Finnerty Myers
Executive VP
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$255,571
Related organizations$0
Government grants $756,000
All other contributions, gifts, grants, and similar amounts not included above$2,670,556
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,682,127
Total Program Service Revenue$0
Investment income $11,299
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,801,609
Net Income from Fundraising Events $43,309
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,538,344

Grants Awarded

Over the last fiscal year, Carroll Hospital Center Foundation Inc has awarded $5,617,008 in support to 2 organizations.

Grant RecipientAmount

CARROLL HOSPITAL CENTER INC

Org PageRecipient Profile

Westminster, MD

PURPOSE: SEE PART IV

$5,457,696

Westminster, MD

PURPOSE: SEE PART IV

$159,312
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Carroll Hospital Center Foundation Inc has recieved totaling $676,204.

Awarding OrganizationAmount
Kahlert Foundation Inc

Sykesville, MD

PURPOSE: TO FUND THE DR. FLAVIO KRUTER ONCOLOGY PROGRAM DIRECTORSHIP ENDOWED FUND

$500,000
Harold Glen And Audrey G Benson Trumpower Foundation Inc

Westminster, MD

PURPOSE: SCHOLARSHIPS/EDUCATION

$100,000
$26,125
Libman Family Foundation Inc

Baltimore, MD

PURPOSE: GENERAL SUPPORT

$20,000
Nora Roberts Foundation Inc

Glenn Dale, MD

PURPOSE: OPERATIONS

$18,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$84,992,485
Earnings$24,025,800
Net Contributions$5,000
Other Expense$2,136,642
Grants$13,500
Ending Balance$106,873,143

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