Arnot Health Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161109472 ✦ Elmira, NY ✦ Designated as a 501(c)(3)

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Overview

What is Arnot Health Foundation Inc?

Arnot Health Foundation Inc, located at 571 St. Joseph's Blvd, Elmira, NY 14901, is a nonprofit organization dedicated to providing financial assistance to Arnot Ogden Medical Center, St. Joseph's Hospital, and their associated physician offices. Their primary role involves raising funds for specific purposes, which are later released for use by the mentioned healthcare institutions in accordance with the donor's wishes. The Foundation's main function is to grant funds to these entities, contributing to their overall operations and services.

Is Arnot Health Foundation Inc legitimate?

Arnot Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arnot Health Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Arnot Health Foundation Inc?

The Arnot Health Foundation Inc's mission is centered around providing financial support to Arnot Ogden Medical Center, St. Joseph's Hospital, and their affiliated physician offices. This support is primarily achieved through fundraising efforts. The foundation also provides grants and assistance to other organizations, often in the form of donations for a specific purpose. These donations are released from their restrictions once they are transferred to Arnot Ogden Medical Center or St. Joseph's Hospital, in accordance with the donor's original request.

Who is the CEO of Arnot Health Foundation Inc?

Mike Lares is the Chair of Arnot Health Foundation Inc.

What is the revenue of Arnot Health Foundation Inc?

Arnot Health Foundation Inc's revenue in 2022 was $8,646,888.

Who are the executives of Arnot Health Foundation Inc and what are their salaries?


Here are 15 key members and their salaries:


Kim Panosian (Secretary)
  • Compensation: $0
  • Related: $99,829
  • Other: $37,893
Lisa Ventura (Senior Director Of Development)
  • Compensation: $0
  • Related: $112,768
  • Other: $21,040
Mike Lares (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Roman Jr (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest Hartman (Board Member-Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Stempin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Huslander (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Knowles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sydney Stringham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter C Wallin (Board Member-Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Richard Terry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Delgrosso (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marybeth Conwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Tenny (Sjh Auxiliary President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Arnot Health Foundation Inc?

Arnot Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Arnot Health Foundation Inc

Arnot Health Foundation Inc, a philanthropic organization, is committed to providing funding support for Arnot Ogden Medical Center, St. Joseph's Hospital, and affiliated physician offices. Their mission is centered around raising funds for these healthcare institutions, aiming to enhance their capabilities and services. The foundation receives donations, often with specific purposes in mind, and these funds are released to Arnot Ogden Medical Center or St. Joseph's Hospital for the donor's intended use. In essence, Arnot Health Foundation Inc serves as a bridge between generous donors and the healthcare institutions, ensuring that the donated funds are utilized effectively to support medical services and physician offices.

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Impact




October, 2024

Arnot Health Foundation Inc plays a crucial role in enhancing healthcare delivery in the Elmira, NY area by providing financial support to Arnot Ogden Medical Center, St. Joseph's Hospital, and affiliated physician offices. Its impact is significant, as the foundation focuses on fundraising to ensure that these medical institutions can deliver high-quality care to the community.

The foundation facilitates grants and assistance to various organizations while primarily directing donations designated for specific purposes by donors. This structured approach allows for the effective allocation of resources, ensuring that contributions are utilized as intended. By releasing funds from restrictions tied to donor requests, it enables the hospitals to address urgent needs and improve patient care.

Through its fundraising efforts, Arnot Health Foundation Inc has become a vital link in supporting the operational and developmental needs of local healthcare facilities, ultimately fostering a healthier community. Its commitment to philanthropy not only strengthens the healthcare infrastructure but also enhances the overall well-being of the population it serves.




This information is meant to be a general summary of Arnot Health Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$8,646,888 (2022)
Expenses
$14,955,954 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,067,647
  • Gross Receipts: $36,024,883

Assets and Liabilities:

  • Total Assets: $16,500,232
  • Total Liabilities: $98,363
  • Net Assets: $16,401,869

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Organization Details

Founding Year

1978

Principal Officer

Mike Lares

Main Address

571 ST JOSEPHS BLVD, ELMIRA, NY, 14901

NTEE Category

Code: T30 - Philanthropy

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