Civic Intelligence

Catskill Regional Medical Center Foundation

EIN 14-1742176 • 501(c)3 • Harris, NY

Profile

To render assistance to catskill regional medical center through the medical center through the solicitation, receipt and disbursement of funds obtained by gifts and donations to support the programs of crmc.

PO Box 800Harris, NY 12742

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.7%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$6,313,700

Up $783,457 (+14%) from 2023

Liabilities

Down

$281

Down $7,109 (-96%) from 2023

Net Assets

Up

$6,313,419

Up $790,566 (+14%) from 2023

Operations
Liabilities / Revenue10th percentileNet Margin97th percentile

Revenue

Up

$1,021,359

Up $26,758 (+2.7%) from 2023

Expenses

Down

$122,671

Down $220,981 (-64%) from 2023

Net Income

Up

$898,688

Up $247,739 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,098,528Liabilities 2010: $0Net Assets 2010: $3,098,5282010Assets 2011: $2,247,942Liabilities 2011: $0Net Assets 2011: $2,247,9422011Assets 2012: $2,721,179Liabilities 2012: $0Net Assets 2012: $2,721,1792012Assets 2013: $3,138,914Liabilities 2013: $0Net Assets 2013: $3,138,9142013Assets 2014: $3,156,277Liabilities 2014: $0Net Assets 2014: $3,156,2772014Assets 2015: $3,036,523Liabilities 2015: $0Net Assets 2015: $3,036,5232015Assets 2016: $3,367,388Liabilities 2016: $0Net Assets 2016: $3,367,3882016Assets 2017: $3,853,703Liabilities 2017: $0Net Assets 2017: $3,853,7032017Assets 2018: $3,894,321Liabilities 2018: $0Net Assets 2018: $3,894,3212018Assets 2019: $4,256,182Liabilities 2019: $0Net Assets 2019: $4,256,1822019Assets 2020: $4,790,407Liabilities 2020: $0Net Assets 2020: $4,790,4072020Assets 2021: $5,664,359Liabilities 2021: $0Net Assets 2021: $5,664,3592021Assets 2022: $4,777,889Liabilities 2022: $0Net Assets 2022: $4,777,8892022Assets 2023: $5,530,243Liabilities 2023: $7,390Net Assets 2023: $5,522,8532023Assets 2024: $6,313,700Liabilities 2024: $281Net Assets 2024: $6,313,4192024

Highlighted filing

2024

Assets$6,313,700
Liabilities$281
Net Assets$6,313,419
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $66,2622010Expenses 2011: $925,2792011Expenses 2012: $103,5652012Revenue 2013: $194,663Expenses 2013: $46,511Net Income 2013: $148,1522013Revenue 2014: $332,871Expenses 2014: $368,573Net Income 2014: -$35,7022014Revenue 2015: $420,497Expenses 2015: $317,654Net Income 2015: $102,8432015Revenue 2016: $384,784Expenses 2016: $60,051Net Income 2016: $324,7332016Revenue 2017: $401,238Expenses 2017: $95,220Net Income 2017: $306,0182017Revenue 2018: $396,768Expenses 2018: $57,316Net Income 2018: $339,4522018Revenue 2019: $500,981Expenses 2019: $517,265Net Income 2019: -$16,2842019Revenue 2020: $273,207Expenses 2020: $193,217Net Income 2020: $79,9902020Revenue 2021: $403,798Expenses 2021: $204,357Net Income 2021: $199,4412021Revenue 2022: $396,787Expenses 2022: $309,026Net Income 2022: $87,7612022Revenue 2023: $994,601Expenses 2023: $343,652Net Income 2023: $650,9492023Revenue 2024: $1,021,359Expenses 2024: $122,671Net Income 2024: $898,6882024

Highlighted filing

2024

Revenue$1,021,359
Expenses$122,671
Net Income$898,688
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$6,313,700
Liabilities
$281
Net assets
$6,313,419
Revenue
$1,021,359
Expenses
$122,671
Net income
$898,688
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$0.00$6.31$1.02$0.12$0.90
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$0.01$5.52$0.99$0.34$0.65
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.00$4.78$0.40$0.31$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.66$0.00$5.66$0.40$0.20$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.79$0.00$4.79$0.27$0.19$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.00$4.26$0.50$0.52$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.00$3.89$0.40$0.06$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.00$3.85$0.40$0.10$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.00$3.37$0.38$0.06$0.32
2015Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.42$0.32$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.33$0.37$0.04
2013Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.19$0.05$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.00$2.25$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$0.00$3.10$0.07
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$1,320,891
Mission and Program Overview

Mission

To render assistance and make grants to garnet health medical center - catskills, through solicitation, receipt, and disbursement of funds, income, and real or tangible personal property obtained by bequest, gifts, donations, or otherwise, and to solicit and receive grants, contracts, and funds from federal, state, and local government agencies, foundations, or any other sources, in furtherance of this purpose.

To render assistance to catskill regional medical center through the medical center through the solicitation, receipt and disbursement of funds obtained by gifts and donations to support the programs of crmc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,621,931$2,627,106▲ $5,175
Savings and Temporary Cash Investments$478,482$359,493▼ $118,989
Cash and Non-Interest-Bearing Accounts$55,864$49,924▼ $5,940
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,156,277$3,036,523▼ $119,754
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,958,705$1,958,705→ $0
Temporarily Rstr Net Assets$880,768$754,958▼ $125,810
Unrestricted Net Assets$316,804$322,860▲ $6,056
Total Net Assets Fund Balance$3,156,277$3,036,523▼ $119,754
Total Liabilities and Net Assets / Fund Balance$3,156,277$3,036,523▼ $119,754

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,754,109-▲ $16,489-$2,770,598
2014$2,787,985-▲ $216,124$250,000$2,754,109
2013$2,456,355-▲ $331,630-$2,787,985
2012$1,788,251$500,000▲ $168,104-$2,456,355
2011$1,860,435$1,000▲ $1,816$75,000$1,788,251
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Joan FarrowPresident
Joseph Lauterstein MdVice President
Lewis KlugmanVice President
Robert ErnstVice President/treasurer
Alex ReyTrustee
Anthony KaneTrustee
Ira GoldTrustee
Jeffrey Weinstein MdTrustee
Lawrence SchafmanTrustee
Lisa WilesTrustee
Steven KaufmanTrustee
William TochtermanTrustee
Ivan Katz MdTrustee - Effective Nov 2015
Deb BermanSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$138,739
Program Service Revenue
$0
Investment Income
$239,868
Other Revenue
$41,890
All Other Contributions
$96,001
Change in Net Assets
$102,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$420,497
Revenue Not Reported on Form 990
$-205,280
Total Revenue per Audited Statements
$215,217
Total Revenue per Form 990
$420,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$306,654
Other Expenses$11,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$301,788--$301,788
Fees for Services Accounting-$11,000-$11,000
Grants to Domestic Individuals$4,866--$4,866
Total Functional Expenses$306,654$11,000$0$317,654

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$334,971
Expenses per Audited Statements$317,654
Total Expenses per Form 990$317,654
Expenses Not Reported on Form 990$17,317
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catskill Regional Medical CenterHarris, NY501(c)(3)Program Support$301,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$56,812
Fundraising Direct Expenses$14,922
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2015 Golf Tourn$74,852$56,812$2,793$54,019
2015 Century Cl$13,698---
Total Events$88,550$56,812$14,922$41,890
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“The return is prepared by the organization and carefully reviewed by an independent accounting firm based on information provided. The executive committee of the foundation board reviews the form 990 to verify that the information is recorded correctly. The final version of the foundation's form 990 is provided to the board of trustees prior to submission to the internal revenue service.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Annual signed conflict of interest forms are filed with the foundation board and the catskill regional medical center compliance officer to verify that all board members have accurately complied with the conflict of interest policy.”

FORM 990, PART VI, SECTION C, LINE 19:

“Once a request is made for the catskill regional medical center foundation form 990, a copy is sent to the requesting party through the administration office of catskill regional medical center. Audited financial statements are kept on file in the finance department at catskill regional medical center.”

Filing and Contact Details

Filer

Filer Name
Catskill Regional Medical Center Foundation
EIN
14-1742176
In Care Of
% JOAN FARROW
Phone
8457943300
Address
PO BOX 800, HARRIS, NY 12742

Signing Officer

Name
Joan Farrow
Title
President
Phone
8453427349
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Farrow
Formed
1990
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
Mary-evelyn Antonetti
Phone
2127589700
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE I, DESCRIPTION OF ORGANIZATION MISSION:

“The purposes for which the corporation is formed are charitable, educational, and scientific in nature and more particularly: a. To render assistance and make grants to catskill regional medical center, sullivan county, new york, through solicitation, receipt, and disbursement of funds, income and real or tangible personal property obtained by bequest, gifts, donations, or otherwise subject to any limitations imposed by the not-for-profit corporation law or any other law of the state of new york. B. To solicit and receive grants, contracts, and funds from federal, state, and local government agencies, foundations or any other sources, to futher the corporate purposes. C. To do anything and everything reasonably and lawfully necessary, proper, suitable, or convenient for the achievement of the foregoing purposes or for the furtherance of said purposes.”

Financial Statement Notes

PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUNDS :

“The endowment fund will generate interest income that will be used for the purchase of equipment needed by the catskill regional medical center (crmc) and in furtherance of crmc's exempt purpose.”

PART X, LINE 2:

“Catskill Regional Medical Center Foundation, Inc. (the Foundation) was formed on June 26, 1990. The Foundation is an organization as defined in subparagraph (a)(5) of Section 102 of the Not-For-Profit Corporation Law of the State of New York and is a Type B corporation as defined in Section 201(b) of said law. The Foundation is exempt from federal, state, and local income taxes under Section 501(a) of the Internal Revenue Code (the Code) as an organization described in Section 501(c)(3) of the Code. The Foundation has no material uncertain tax positions. The Foundation was formed to conduct certain fund-raising activities for charitable, educational, and scientific purposes to benefit Catskill Regional Medical Center (the Center).”

SCHEDULE D, PART XII, LINE 2D:

“Direct fundraising expenses netted against revenue $14,922.”

Raw XML AppendixShowing 400 of 594 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO RENDER ASSISTANCE TO CATSKILL REGIONAL MEDICAL CENTER THROUGH THE MEDICAL CENTER THROUGH THE SOLICITATION, RECEIPT AND DISBURSEMENT OF FUNDS OBTAINED BY GIFTS AND DONATIONS TO SUPPORT THE PROGRAMS OF CRMC.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt096001
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IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JOAN FARROW
IRS990/BooksInCareOfDetail/PhoneNum08457943300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 800
IRS990/BooksInCareOfDetail/USAddress/CityNm0HARRIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012742
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IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NONE
IRS990/ContriRptFundraisingEventAmt031738
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0138739
IRS990/CYGrantsAndSimilarPaidAmt0306654
IRS990/CYInvestmentIncomeAmt0239868
IRS990/CYOtherExpensesAmt011000
IRS990/CYOtherRevenueAmt041890
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0102843
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IRS990/CYTotalExpensesAmt0317654
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0420497
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0THE FOUNDATION CONDUCTS FUNDRAISERS AND PROVIDES SUPPORT TO BENEFIT FINANCIALLY DISTRESSED PATIENTS OF CATSKILL REGIONAL MEDICAL CENTER. IN 2015, THE FOUNDATION CONDUCTED A GOLF OUTING TO ASSIST CATSKILL REGIONAL MEDICAL CENTER WITH EQUIPMENT PURCHASES AND RENOVATIONS. FOR MORE INFORMATION, SEE SCHEDULE O.
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IRS990/EmployeeCnt00
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011000
IRS990/FeesForServicesAccountingGrp/TotalAmt011000
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
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IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOAN FARROW
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT ERNST
IRS990/Form990PartVIISectionAGrp/PersonNm2DEB BERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ALEX REY
IRS990/Form990PartVIISectionAGrp/PersonNm4LEWIS KLUGMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSEPH LAUTERSTEIN MD
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM TOCHTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7IRA GOLD
IRS990/Form990PartVIISectionAGrp/PersonNm8ANTHONY KANE
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFFREY WEINSTEIN MD
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA WILES
IRS990/Form990PartVIISectionAGrp/PersonNm11LAWRENCE SCHAFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12STEVEN KAUFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13IVAN KATZ MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE - EFFECTIVE NOV 2015
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION PRESIDENT IS A MEMBER OF THE BOARD OF DIRECTORS OF GREATER HUDSON VALLEY HEALTH SYSTEM, INC., THE ACTIVE PARENT CORPORATION OF CATSKILL REGIONAL MEDICAL CENTER. REGULAR MONTHLY MEETINGS OF THE GHVHS BOARD ARE ATTENDED BY THE CRMC CEO. IN THIS MANNER, THE FOUNDATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH CRMC, AND CRMC MAINTAINS A SIGNIFIGANT VOICE IN THE FOUNDATION'S POLICIES AND USE OF ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATIONS BY-LAWS STATE THAT THEY ARE TO RENDER ASSISTANCE AND MAKE GRANTS TO CATSKILL REGIONAL MEDICAL CENTER THROUGH THE SOLICITATION, RECEIPT, AND DISBURSEMENT OF FUNDS, INCOME, AND REAL OR TANGIBLE PERSONAL PROPERTY OBTAINED BY BEQUESTS, GIFTS, OR DONATIONS. ALL ACTIVITIES DURING THE YEAR ARE PERFORMED IN FURTHERANCE OF THIS STATED PURPOSE, AND FOR THE BENEFIT OF CRMC ONLY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2NOT-FOR-PROFIT HOSPITALS RELY ON SUBSTANTIAL CHARITABLE CONTRIBUTIONS TO SUPPLEMENT PATIENT SERVICE REVENUE. WITHOUT THIS FINANCIAL SUPPORT, CRMC OPERATIONS WOULD BE SEVERELY IMPAIRED. CONSEQUENTLY, IF THE FOUNDATION DID NOT PROVIDE THIS SERVICE, CRMC WOULD HAVE TO ENGAGE IN THE FOUNDATION'S ACTIVITIES ITSELF.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section D, Lines 2 and 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE A, PART IV, SECTION E, LINE 2B
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