2023-11-15T13:38:36-07:00 2022-12-31 990 2022-01-01 223078768 MOHAWK VALLEY HEALTH SYSTEM FOUNDATION MOHA 3156246000 1676 SUNSET AVENUE UTICA NY 13502 Louis Aiello Senior VP, Chief Financial Officer 3156246000 2023-11-15 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Louis Aiello 1676 Sunset Ave Utica NY 13502 6214922 0 X mvhealthsystem.org/donate X 1989 NY TO PROVIDE PHILANTHROPIC FUNDS FOR THE BENEFIT OF MOHAWK VALLEY HEALTH SYSTEM AND ITS AFFILIATES. 9 8 0 0 0 0 33807160 4843743 0 0 1475395 1163464 0 0 35282555 6007207 1191846 2504609 0 0 470515 257416 0 0 155249 450170 553645 2112531 3315670 33170024 2691537 51368607 48072485 502164 797572 50866443 47274913 TO PROVIDE PHILANTHROPIC FUNDS FOR THE BENEFIT OF MOHAWK VALLEY HEALTH SYSTEM AND IT'S AFFILIATES. 0 0 2899553 0 4843743 RAISING FUNDS THROUGH ANNUAL GIVING AND SPECIAL EVENTS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE CAMPAIGN FOR BUILDING OF THE INTEGRATED HEALTH CAMPUS, CHILDREN'S MIRACLE NETWORK MIRACLE HOME MAKEOVER PROJECT, CHILDREN'S MIRACLE NETWORK YEAR LONG FUNDRAISING, STOMP OUT CANCER TELETHON, FOUNDATION GOLF OPEN, PROHIBITION PARTY, LIGHTS OF LOVE AND EMPLOYEE GIVING. 0 0 0 2899553 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LOUIS AIELLO 3156246000 1676 SUNSET AVENUE UTICA NY 13502 Darlene Stromstad President CEO 1 54 X 0 1183762 23524 Lou Aiello Senior VP CFO 1 49 X 0 596869 31112 John Hobika Jr Director 0.5 0.5 X 0 0 0 Jim Friedel Director 0.5 0.5 X 0 0 0 Joseph Latella Director 0.5 0.5 X 0 0 0 Sam F Berardino III Director 0.5 0.5 X 0 0 0 David Manzelmann President 0.5 0.5 X 0 0 0 Blair Jones Vice president 0.5 0.5 X 0 0 0 Stephen Surace Treasurer 0.5 0.5 X 0 0 0 Valerie Brown Secretary 0.5 0.5 X 0 0 0 0 1780631 54636 0 0 1 1 0 0 0 418634 0 0 4425109 0 4843743 0 600079 0 0 600079 0 0 0 0 0 0 0 0 0 0 563385 0 0 0 563385 0 563385 0 0 563385 207715 418634 207715 0 0 0 0 6007207 0 0 1163464 2504609 2504609 0 0 0 0 0 0 0 0 0 0 0 0 0 0 198118 43244 154874 0 0 0 0 0 44813 7055 37758 0 14485 3323 11162 0 169179 169179 0 0 20 0 20 0 16218 0 11700 4518 0 0 0 0 0 0 0 0 0 0 16899 0 16899 0 0 0 0 0 14546 3379 1453 9714 19452 19452 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4748 1287 3461 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COSTS/FEES 268149 123570 21112 123467 BAD DEBT 10711 10711 0 0 ALL OTHER 33723 13744 2429 17550 3315670 2899553 260868 155249 7529535 4912471 1426606 10607933 8108791 4763028 0 0 0 0 0 0 0 0 0 0 70495 56680 932624 0 932624 932624 0 0 31014664 26138615 0 0 0 0 2285892 661134 51368607 48072485 314767 388241 0 0 0 0 0 0 0 0 0 0 0 0 0 0 187397 409331 502164 797572 X 30038165 26983467 20828278 20291446 50866443 47274913 51368607 48072485 X 2691537 0 0 0 0 -6283067 X 0 1 1 0 X X 5 FAXTON ST LUKES HEALTHCARE INC 161576637 3 1 2444143 0 ST LUKES HOME RESIDENTIAL HEALTHCARE FACILITY 161476372 3 1 0 0 SENIOR NETWORK HEALTH 161603689 3 1 60466 0 ST ELIZABETH MEDICAL CENTER 150532245 3 1 0 0 VISITING NURSES ASSOCIATION 150532259 7 1 0 0 5 2504609 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20828278 2065782 -360880 0 2241734 0 20291446 15622328 5802212 255040 0 851302 0 20828278 11342426 4751820 198454 0 670372 0 15622328 4012193 7441660 251195 0 362622 0 11342426 4021016 1154978 -3038 0 1160763 0 4012193 0 0 1 0 0 0 932624 932624 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 932624 0 0 MUTUAL FUNDS 23202247 F REAL ESTATE 1672868 F MONEY MARKET 1263500 F 26138615 0 DUE TO AFFILIATES 409331 409331 X -275860 -6283067 0 0 0 -6283067 6007207 0 0 0 6007207 3315670 0 0 0 0 0 3315670 0 0 0 3315670 Schedule D, Part V, Line 4 THE ENDOWMENT FUND IS HELD FOR SPECIFIC PURPOSES, SUCH AS BENEFICIAL INEREST IN CHARITABLE TRUSTS, CHILDRENS MIRACLE NETWORK, CONTINUOUS LEARNING CENTER, PROGRAMS AND RENOVATIONS. Schedule D, Part X, Line 2 THE FOUNDATION IS ORGANZIED AS A NOT FOR PROFIT CORPORATION, EXEMPT FROM TAXATION UNDER SECTION 501(c3) OF THE INTERNAL REVENUE CODE. IT HAS BEEN DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. AS OF DECEMBER 31, 2022 AND 2021, THE FOUNDATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCRUED INTEREST OR PENALTIES. THE FOUNDATION DOES NOT ANTICIPATE THAT THE TOTAL UNRECOGNZIED TAX BENEFITS WILL CHANGE IN THE NEXT TWELVE MONTHS. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES ARE 2019 THROUGH 2022 Schedule D, Part XII, Line 2d BAD DEBT Miracle Drawing 430025 271440 158585 100000 0 0 0 0 58585 MVHS Golf Tournament 186801 137723 49078 0 13627 15980 13860 0 5611 1 9523 9471 52 0 0 0 0 0 52 626349 418634 207715 100000 13627 15980 13860 0 64248 207715 0 1 FAXTON ST LUKES HEALTHCARE PO BOX 479 UTICA NY 13502 161576637 501C3 2444143 GENERAL OPERATIONS, RENOVATIONS, EQUIPMENT SENIOR NETWORK HEALTH 1650 CHAMPLIN AVE UTICA NY 13502 161603689 501C3 60466 EQUIPMENT; VEHICLE 2 0 Schedule I, Part I, Line 2 THE MOHAWK VALLEY HEALTH SYSTEM FOUNDATION (MVHSF) RAISES FUNDS AND RECEIVES DONATIONS ON BEHALF OF MOHAWK HEALTH SYSTEM AND ITS AFFILIATES. RAISER'S EDGE IS THE SOFTWARE USED TO TRACK ALL FUND RAISING EFFORTS; CONTRIBUTIONS TO ANNUAL GIVING, EVENTS AND CAPITAL CAMPAIGNS. RESTRICTED FUNDS ARE MAINTAINED FOR THEIR SPECIFIC PURPOSES. MVHSF PERIODICALLY REPORTS THE AVAILABLE FUND BALANCES ALONG WITH ANY RESTRICTIONS, TO THE SUPPORTED ORGANIZATONS; THEY WORK TOGETHER TO DETERMINE HOW TO BEST USE THE FUNDS. MVHS FOUNDATION RELEASES FUNDS TO THE SUPPORTED ORGANIZATIONS FOR USE ON THEIR CORPORATE PURPOSES, UNDER THE DIRECTION OF THE MVHS FOUNDATION BOARD MEMBERS. ALL FUNDED ORGANIZATION'S PURCHASE REQUESTS, FOR USE OF CONTRIBUTED FUNDS, MUST BE APPROVED BY A CORPORTATE COMMITTEE AND THE MVHSF DIRECTOR PRIOR TO INITIATING A PURCHASE. INFORMAL APPROVAL, FOR NON-CAPITAL ITEMS, IS TYPICALLY DONE VERBALLY OR THROUGH EMAIL; INVOICES AND/OR PO'S MUST BE PROVIDED FOR PURCHASES TO BE MADE AND PAYMENT TO BE ISSUED. MVHSF SPONSORS ANNUAL EVENTS INCLUDING A GOLF OUTING CHILDREN'S MIRACLE NETWORK MIRACLE DRAWING AND STOMP OUT CANCER TELETHON. THE REVENUE RAISED IS EARMARKED FOR A PARTICULAR PURPOSE ANNUALLY. THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS DETERMINE THE PURPOSE EACH YEAR. 0 0 0 0 0 0 0 0 0 Darlene Stromstad President CEO 0 779400 0 150000 0 254362 0 12201 0 11323 0 1207286 Lou Aiello Senior VP CFO 0 478671 0 99062 0 19136 0 20178 0 10934 0 627981 Form 990, Part VI, Section A, Line 6 MOHAWK VALLEY HEALTH SYSTEM Form 990, Part VI, Section A, Line 7a DIRECTORS OF MVHS FOUNDATION SHALL BE ELECTED BY THE MVHS BOARD OF DIRECTORS Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PRESENTED AND REVIEWED AT THE FOUNDATION BOARD MEETING PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE PURPOSE OF THE POLICIES AND DIRECTIVES SET OUT IN THIS POLICY STATEMENT IS TO ASSURE THAT THE BUSINESS CONDUCTED BY THE ORGANIZATION IS CONDUCTED FREE FROM THE POSSIBLE INFLUENCE OF CONFLICTS OF INTEREST OF AN INTERESTED PERSON. THE POLICY EXISTS TO PROTECT THE ORGANIZATIONS INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT PRIVATE INTEREST OF AN INTERESTED PERSON IN THE ORGANIZATION. INTERESTED PERSONS MAY NOT ENTER INTO ANY EMPLOYMENT TRANSACTION OR OTHER ARRANGEMENT THAT MAY CAUSE OR BE PERCEIVED TO CAUSE A CONFLICT OF INTEREST. INTERESTED PERSONS MUST REVIEW THIS POLICY ANNUALLY AND COMPLETE THE ACKNOWLEDGEMENT AND DISCLOSURE FORM ANNUALLY. THE COMPLIANCE OFFICER AND OR THE COMPLIANCE COMMITTEE WILL REVIEW ALL ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE FORMS AND ANY CONFLICTS OR POTENTIAL CONFLICTS IDENTIFIED. WHEN A POTENTIAL CONFLICT IS IDENTIFIED THE COMPLIANCE OFFICER WILL ENSURE APPROPRIATE ACTIONS ARE TAKEN TO RESOLVE THE CONFLICT. THIS POLICY IS INTENDED TO SUPPLEMENT, NOT REPLACE, ANY APPLICABLE FEDERAL AND STATE LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NON PROFIT AND CHARITABLE CORPORATIONS. Form 990, Part VI, Section B, Line 15 The Board of Directors has established an Executive Compensation Committee, which is responsible for reviewing the adequacy and reasonableness of the compensation paid to the President/CEO and other employees of the Executive Leadership Team. The Executive Leadership Team consists of the following positions: * President/CEO * SVP/ CFO * SVP/CNO * SVP/ CIO * SVP/ CHRO * SVP/Marketing & Strategy * SVP/Chief Legal Counsel * SVP/ Physician Practices & Operations * SVP/ Chief Quality & Patient Safety Officer On an annual basis, the Committee is responsible for (1) reviewing and recommending to the Board Chair the CEO's compensation, including salary, incentives, benefits and other prerequisites, for final approval by the Board (2) reviewing the compensation of all other employees of the Executive Leadership Team, as recommended by the CEO. The adequacy and reasonableness of all executive compensation is assessed through independent compensation consultants, which conduct market reviews using benchmarking data for comparable positions in similarly situated hospitals. This assessment is provided and reviewed by the Executive Compensation Committee on an annual basis. The independence of the committee members is reviewed and verified prior to the start of the annual compensation review process. Should a conflict present, those individuals with actual or perceived conflicts abstain from voting until such time as the conflict can be resolved or a replacement member ins appointed to the committee. The committee's deliberations and discussions are guided by a written compensation philosophy and documented through written minutes taken during each meeting. The minutes include, among other things, the written materials distributed or presented during the meeting and the specific decisions taken at the meeting. Form 990, Part VI, Section C, Line 19 IT IS THE POLICY OF THIS ORGANIZATION TO MAKE AVAILABLE, TO ANYONE WHO ASKS, A COPY OF ITS ANNUAL REPORT TO THE INTERNAL REVENUE SERVICE ON FORM 990 AND ITS EXEMPT STATUS FORM IN ACCORDANCE WITH THE LAW. FORM 990, FOR A GIVEN YEAR, WILL BE MADE AVAILABLE FOR PUBLIC INSPECTIONS FOR A THREE YEAR PERIOD. Form 990, Part XI, Line 9 CHANGE IN NET UNREALIZED GAINS/LOSS IN INVESTMENTS -$5,686,901 CHANGE IN NET UNREALIZED ON ASSETS LIMITED AS TO USE -$596,166 FAXTON ST LUKES HEALTHCARE 1656 CHAMPLIN AVE UTICA NY 135030479 161576637 ACUTE CARE HOSPITAL NY 501(C)(3) 3 MOHAWK VALLEY HEALTH SYSTEM 0 ST LUKES HOME RESIDENTIAL HEALTHCARE FACILITY 1650 CHAMPLIN AVE NEW HARTFORD NY 13413 161476372 RESIDENTIAL HEALTHCARE NY 501(C)(3) 9 FAXTON ST LUKES HEALTHCARE 0 VISITING NURSES ASSOCIATION OF UTICA AND ONEIDA COUNTY 1650 CHAMPLIN AVE NEW HARTFORD NY 13413 150532259 HOME HEALTH NURSING NY 501(C)(3) 9 MOHAWK VALLEY HEALTH SYSTEM 0 MOHAWK VALLEY HEALTH SYSTEM PO BOX 4308 UTICA NY 13504 223124162 PROMOTE HEALTHCARE NY 501(C)(3) N/A 0 ST ELIZABETH'S MEDICAL CENTER INC 2209 GENESEE STREET UTICA NY 13501 150532245 HEALTH CARE NY 501(C)(3) HOSPTIAL PARTNERS IN FRANCISCAN MINISTRIES INC 0 ST ELIZABETH MEDICAL CENTER FOUNDATION 2209 GENESEE STREET UTICA NY 13501 222562170 FUNDRAISING NY 501(C)(3) 9 ST ELIZABETH MEDICAL CENTER 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 EXTENSIONS FILED DUE TO TIMING OF COMPLETED AUDITED FINANCIAL STATEMENTS.