Civic Intelligence

Griffin Hospital Development Fund Inc.

990 • Fiscal year 2017 • EIN 22-2560254

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 13, 2018

Organization ProfileN/A
130 Division StreetDerby, CT 06418

(203) 735-7421

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.19x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

12th percentile

-19%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$548,805

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 50.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

10.0%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$8,831,117

Up $887,476 (+11%) from 2016

Net Assets

Up

$8,622,736

Up $788,066 (+10%) from 2016

Liabilities

Up

$208,381

Up $99,410 (+91%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin12th percentile

Revenue

Up

$1,093,408

Up $99,217 (+10.0%) from 2016

Expenses

Down

$1,296,525

Down $1,487,897 (-53%) from 2016

Net Income

Up

-$203,117

Up $1,587,114 (+89%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $5,534,365Liabilities 2011: $119,051Net Assets 2011: $5,415,3142011Assets 2012: $6,096,990Liabilities 2012: $144,204Net Assets 2012: $5,952,7862012Assets 2013: $7,039,227Liabilities 2013: $69,779Net Assets 2013: $6,969,4482013Assets 2014: $8,268,252Liabilities 2014: $80,064Net Assets 2014: $8,188,1882014Assets 2015: $8,917,261Liabilities 2015: $116,532Net Assets 2015: $8,800,7292015Assets 2016: $7,943,641Liabilities 2016: $108,971Net Assets 2016: $7,834,6702016Assets 2017: $8,831,117Liabilities 2017: $208,381Net Assets 2017: $8,622,7362017Assets 2018: $9,067,573Liabilities 2018: $108,096Net Assets 2018: $8,959,4772018Assets 2019: $9,322,987Liabilities 2019: $217,690Net Assets 2019: $9,105,2972019Assets 2020: $10,154,750Liabilities 2020: $339,516Net Assets 2020: $9,815,2342020Assets 2021: $10,527,481Liabilities 2021: $92,841Net Assets 2021: $10,434,6402021Assets 2022: $9,011,801Liabilities 2022: $146,405Net Assets 2022: $8,865,3962022Assets 2023: $10,786,678Liabilities 2023: $173,271Net Assets 2023: $10,613,4072023Assets 2024: $12,424,446Liabilities 2024: $122,489Net Assets 2024: $12,301,9572024

Highlighted filing

2017

Assets$8,831,117
Liabilities$208,381
Net Assets$8,622,736
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $590,4622011Expenses 2012: $560,5862012Expenses 2013: $594,0812013Revenue 2014: $358,349Expenses 2014: $575,235Net Income 2014: -$216,8862014Revenue 2015: $1,772,641Expenses 2015: $1,234,371Net Income 2015: $538,2702015Revenue 2016: $994,191Expenses 2016: $2,784,422Net Income 2016: -$1,790,2312016Revenue 2017: $1,093,408Expenses 2017: $1,296,525Net Income 2017: -$203,1172017Revenue 2018: $1,672,965Expenses 2018: $2,037,313Net Income 2018: -$364,3482018Revenue 2019: $2,298,393Expenses 2019: $1,333,932Net Income 2019: $964,4612019Revenue 2020: $1,301,972Expenses 2020: $1,453,656Net Income 2020: -$151,6842020Revenue 2021: $1,825,107Expenses 2021: $2,803,676Net Income 2021: -$978,5692021Revenue 2022: $2,383,261Expenses 2022: $2,507,032Net Income 2022: -$123,7712022Revenue 2023: $1,497,343Expenses 2023: $952,492Net Income 2023: $544,8512023Revenue 2024: $2,132,650Expenses 2024: $846,684Net Income 2024: $1,285,9662024

Highlighted filing

2017

Revenue$1,093,408
Expenses$1,296,525
Net Income-$203,117
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 13, 2018
Return Version
2016v3.0
Gross Receipts
$1,441,276
Mission and Program Overview

Mission

To assist griffin hospital's goal of providing medical and hospital care, medical education and medical research to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,054,292$5,621,931▲ $567,639
Cash and Non-Interest-Bearing Accounts$2,223,460$2,578,404▲ $354,944
Pledges and Grants Receivable$552,302$476,921▼ $75,381
Savings and Temporary Cash Investments$106,681$106,841▲ $160
Prepaid Expenses and Deferred Charges$6,906$44,746▲ $37,840
Land, Buildings, and Equipment, Net$0$2,274▲ $2,274
Total Assets$7,943,641$8,831,117▲ $887,476
Liabilities
Deferred Revenue-$169,020-
Accounts Payable and Accrued Expenses$72,980$37,836▼ $35,144
Other Liabilities$35,991$1,525▼ $34,466
Total Liabilities$108,971$208,381▲ $99,410
Net Assets / Fund Balance
Unrestricted Net Assets$4,266,668$4,733,301▲ $466,633
Temporarily Rstr Net Assets$1,825,386$2,146,819▲ $321,433
Permanently Rstr Net Assets$1,742,616$1,742,616→ $0
Total Net Assets Fund Balance$7,834,670$8,622,736▲ $788,066
Total Liabilities and Net Assets / Fund Balance$7,943,641$8,831,117▲ $887,476

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,274$72,240$74,514

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,742,616---$1,742,616
2015$1,742,616---$1,742,616
2014$1,742,616---$1,742,616
2013$1,742,616---$1,742,616
2012$1,742,616---$1,742,616
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
John W Betkoski IiiChairman
Edward Mccreery EsqDirector
Gregory Boris DoDirector
Kenneth BaldygaDirector
Maureen CoffeyDirector
Nancy DinardoDirector
Gerald T WeinerDIRECTOR (resigned 1/1/2017)
TRISHA O'MALLEYExecutive Director
Patrick a CharmelSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$986,399
Program Service Revenue
$0
Investment Income
$113,567
Other Revenue
$-6,558
All Other Contributions
$899,043
Change in Net Assets
$-203,117

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,148,110
Revenue Not Reported on Financial Statements
$-54,702
Revenue Not Reported on Form 990
$449,688
Other Revenue Adjustments
$-54,702
Total Revenue per Audited Statements
$1,597,798
Total Revenue per Form 990
$1,093,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$586,923
Other Expenses$546,103
Grants and Similar Amounts Paid$163,499
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$475,813--$475,813
Grants to Domestic Orgs$163,499--$163,499
Fees for Services Other$129,382--$129,382
Other Employee Benefits$71,577--$71,577
Occupancy-$63,324-$63,324
Information Technology$57,470--$57,470
Payroll Taxes$26,646--$26,646
Pension Plan Contributions$12,887--$12,887
Office Expenses$1,622$4,821-$6,443
All Other Expenses$6,366--$6,366
Other Expenses$5,607--$5,607
Travel$3,841--$3,841
Depreciation Depletion-$875-$875
Total Functional Expenses$1,227,505$69,020$0$1,296,525

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,351,227
Expenses per Audited Statements$1,296,525
Total Expenses per Form 990$1,296,525
Expenses Not Reported on Form 990$54,702
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Griffin HospitalDerby, CT501(c)(3)purchase of medical equipment$163,499
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$54,702
Fundraising Gross Income$48,144
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf 2017$133,000$48,144$54,702$-6,558
Total Events$133,000$48,144$54,702$-6,558
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliates$1,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“The governing members of the organization are elected at the annual meeting.”

Form 990, Part VI, Section A, line 8B

“Griffin hospital development fund did not have any committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11B

“Form 990 is reviewed by management prior to filing.”

Form 990, Part VI, Section B, line 12C

“A questionnare is sent annually and disclosed at the annual board meeting.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Griffin Hospital Development Fund Inc
EIN
22-2560254
Phone
2037357421
Address
130 Division Street, Derby, CT 06418

Signing Officer

Name
james downey
Title
Controller
Phone
2037357421
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick a Charmel
Formed
1984
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Marcum LLP
Address
185 Asylum Street, Hartford, CT 06103
Preparer
Douglas Farrington
Phone
8607600600
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“Griffin Hospital Development Fund does not have any employees. The salaries and benefit expenses reported in Part IX are for Griffin Hospital employees. Their salaries and benefits are charged to Development through due from/due to accounts.”

Form 990, Part XI, line 9:

“Transfers between affiliates 541,495.”

FORM 990, PART XII, LINE 2C:

“The board of directors is responsible for selecting an independent audit firm and for overseeing the financial statement preparation process. There have been no changes in these procedures since the prior year.”

Financial Statement Notes

Part V, Line 4:

“The endowment fund consists of net assets subject to explicit donor-imposed stipulations that they be maintained by the corporation in perpetuity. Generally, the donors of these assets permit the corporation to use all or part of the investment return on these assets for operating purposes.”

Part X, Line 2:

“GHSC and its subsidiaries, with the exception of GHV and HAIC, are not-for-profit organizations and are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. GHSC and its subsidiaries account for uncertainty in income tax positions by applying a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. GHV has unused net operating loss carryforwards of approximately $5.6 million and $5.4 million available to offset future taxable income as of September 30, 2017 and 2016, respectively. These carryforwards expire in various years through 2029. Deferred tax assets relate primarily to the tax effects of the net operating loss carryforwards. Because there is no assurance that GHV will have taxable income in the future, the deferred tax assets have been fully offset by a valuation allowance. There is no current tax provision in fiscal 2017 and 2016. HAIC, located in the Cayman Islands, is not subject to income, estate, corporation, capital gains or other taxes payable under current Cayman Islands law. Management has analyzed the tax positions taken and has concluded that as of September 30, 2017 and 2016, there are no uncertain tax positions taken or expected to be taken in that would require recognition of a liability (or asset) or disclosure in the financial statements. GHSC and its subsidiaries are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Part XI, Line 4B - Other Adjustments:

“Fundraising expenses -54,702.”

Part XII, Line 2D - Other Adjustments:

“Fundraising expenses 54,702.”

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

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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST GRIFFIN HOSPITAL'S GOAL OF PROVIDING MEDICAL AND HOSPITAL CARE, MEDICAL EDUCATION AND MEDICAL RESEARCH TO THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07834670
IRS990/NetAssetsOrFundBalancesEOYAmt08622736
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028376
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028376
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-6558
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-6558
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0449688
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt063324
IRS990/OccupancyGrp/TotalAmt063324
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04821
IRS990/OfficeExpensesGrp/ProgramServicesAmt01622
IRS990/OfficeExpensesGrp/TotalAmt06443
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0541495
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071577
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071577
IRS990/OtherExpensesGrp/Desc0Patient Medical Expense
IRS990/OtherExpensesGrp/Desc1Event expenses
IRS990/OtherExpensesGrp/Desc2Education
IRS990/OtherExpensesGrp/Desc3Annual appeal
IRS990/OtherExpensesGrp/ProgramServicesAmt0160561
IRS990/OtherExpensesGrp/ProgramServicesAmt191593
IRS990/OtherExpensesGrp/ProgramServicesAmt220641
IRS990/OtherExpensesGrp/ProgramServicesAmt35607
IRS990/OtherExpensesGrp/TotalAmt0160561
IRS990/OtherExpensesGrp/TotalAmt191593
IRS990/OtherExpensesGrp/TotalAmt220641
IRS990/OtherExpensesGrp/TotalAmt35607
IRS990/OtherLiabilitiesGrp/BOYAmt035991
IRS990/OtherLiabilitiesGrp/EOYAmt01525
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0475813
IRS990/OtherSalariesAndWagesGrp/TotalAmt0475813
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt026646
IRS990/PayrollTaxesGrp/TotalAmt026646
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012887
IRS990/PensionPlanContributionsGrp/TotalAmt012887
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01742616
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01742616
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0552302
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0476921
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06906
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044746
IRS990/PrincipalOfficerNm0PATRICK A CHARMEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01011666
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01826657
IRS990/PYInvestmentIncomeAmt084864
IRS990/PYOtherExpensesAmt0474265
IRS990/PYOtherRevenueAmt0-102339
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1790231
IRS990/PYSalariesCompEmpBnftPaidAmt0483500
IRS990/PYTotalExpensesAmt02784422
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0994191
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-203117
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0106681
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0106841
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0060647014
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0163499
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Griffin Hospital
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0163499
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01742616
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01742616
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01742616
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01742616
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01742616
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01742616
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01742616
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01742616
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01742616
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01742616
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02274
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072240
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074514
IRS990ScheduleD/ExpensesNotReportedAmt054702
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01296525
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0449688
IRS990ScheduleD/OtherExpensesIncludedAmt054702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliates
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-54702
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0449688
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-54702
IRS990ScheduleD/RevenueSubtotalAmt01148110
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND CONSISTS OF NET ASSETS SUBJECT TO EXPLICIT DONOR-IMPOSED STIPULATIONS THAT THEY BE MAINTAINED BY THE CORPORATION IN PERPETUITY. GENERALLY, THE DONORS OF THESE ASSETS PERMIT THE CORPORATION TO USE ALL OR PART OF THE INVESTMENT RETURN ON THESE ASSETS FOR OPERATING PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GHSC and its subsidiaries, with the exception of GHV and HAIC, are not-for-profit organizations and are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. GHSC and its subsidiaries account for uncertainty in income tax positions by applying a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. GHV has unused net operating loss carryforwards of approximately $5.6 million and $5.4 million available to offset future taxable income as of September 30, 2017 and 2016, respectively. These carryforwards expire in various years through 2029. Deferred tax assets relate primarily to the tax effects of the net operating loss carryforwards. Because there is no assurance that GHV will have taxable income in the future, the deferred tax assets have been fully offset by a valuation allowance. There is no current tax provision in fiscal 2017 and 2016. HAIC, located in the Cayman Islands, is not subject to income, estate, corporation, capital gains or other taxes payable under current Cayman Islands law. Management has analyzed the tax positions taken and has concluded that as of September 30, 2017 and 2016, there are no uncertain tax positions taken or expected to be taken in that would require recognition of a liability (or asset) or disclosure in the financial statements. GHSC and its subsidiaries are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising expenses -54,702.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising expenses 54,702.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02274
IRS990ScheduleD/TotalExpensesPerForm990Amt01296525
IRS990ScheduleD/TotalLiabilityAmt01525
IRS990ScheduleD/TotalRevenuePerForm990Amt01093408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01597798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01351227
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt084856
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt084856
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054702
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf 2017
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0133000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0133000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048144
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6558
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt054702
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt054702
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0163499
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0purchase of medical equipment
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Griffin Hospital
IRS990ScheduleI/RecipientTable/RecipientEIN0060647014
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0130 Division Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Derby
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd006418
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0book
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,831,117
Liabilities
$208,381
Net assets
$8,622,736
Revenue
$1,093,408
Expenses
$1,296,525
Net income
-$203,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.12$12.3$2.13$0.85$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.17$10.6$1.50$0.95$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.01$0.15$8.87$2.38$2.51$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.09$10.4$1.83$2.80$0.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.34$9.82$1.30$1.45$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.32$0.22$9.11$2.30$1.33$0.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$0.11$8.96$1.67$2.04$0.36
2017Detailed filing. Detailed filing data is available for this year.$8.83$0.21$8.62$1.09$1.30$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.94$0.11$7.83$0.99$2.78$1.79
2015Detailed filing. Detailed filing data is available for this year.$8.92$0.12$8.80$1.77$1.23$0.54
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.27$0.08$8.19$0.36$0.58$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$0.07$6.97$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.10$0.14$5.95$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$0.12$5.42$0.59
Peer Organizations

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