2024-05-13T12:35:32+00:00 2023-06-30 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-07-01 020222139 Hitchcock Foundation HITC 6036505000 One Medical Center Drive Lebanon NH 03756 Wendy E Fielding CFO (Effective 12/2021) 6036530481 2024-05-13 true Tracy Ostler 999009999 Kim Scifres P01316095 5023263996 2022 2023-04-26 12:10:37Z Lawrence Dacey MD One Medical Center Drive Lebanon NH 03756 3943931 false X N/A X 1946 NH To advance the study of human ailments & injuries; the cause, prevention, relief, and cure thereof; hygiene, health & public welfare; and to assist in research in the broadest sense. 12 6 0 6 36951 2817 1484682 1392590 843911 552110 44 1999231 650 0 2329287 3943931 207620 159628 0 0 0 0 0 0 0 1863773 2300360 2071393 2459988 257894 1483943 33699696 35295737 232589 415508 33467107 34880229 THE HITCHCOCK FOUNDATION'S PURPOSE IS TO AID AND ADVANCE THE STUDY AND INVESTIGATION OF HUMAN AILMENTS AND INJURIES; AND THE CAUSES, PREVENTION, RELIEF, AND CURE THEREOF; AND THE STUDY AND INVESTIGATION OF PROBLEMS OF HYGIENE, HEALTH AND PUBLIC WELFARE; AND THE PROMOTION OF MEDICAL, SURGICAL AND SCIENTIFIC LEARNING, SKILL, EDUCATION AND INVESTIGATION; AND TO ENGAGE IN MEDICAL, SURGICAL AND SCIENTIFIC RESEARCH IN THE BROADEST SENSE. false false 2454000 159628 552110 THE HITCHCOCK FOUNDATION PROVIDES BETWEEN 15 AND 20 GRANTS PER YEAR AND SPONSORS OVER 300 ADVISED FUNDS THAT SUPPORT CLINICALLY-ORIENTED RESEARCH AND EDUCATION ACTIVITIES IN FURTHERANCE OF OUR MISSION. SPONSORED RESEARCH FUNDS SUPPORT DISCRETE CLINICAL AND BIOMEDICAL RESEARCH PROJECTS, AND ARE FUNDED BY EXTERNAL SOURCES INCLUDING CORPORATIONS AND FOUNDATIONS. ADVISED FUNDS ARE ESTABLISHED BY THE EXECUTIVE DIRECTOR UNDER THE AUTHORITY OF THE BOARD OF TRUSTEES. THEY ARE FUNDED WITH CONTRIBUTIONS INTENDED TO SUPPORT ACTIVITIES CONSISTENT WITH OUR CHARITABLE MISSION, PARTICULARLY CLINICAL RESEARCH AND EDUCATION. THEY ARE NOT DONOR-ADVISED FUNDS; RATHER, THE ADVISERS ARE SCIENTISTS AND CLINICIANS WITH EXPERTISE IN THE AREAS OF RESEARCH AND EDUCATION SUPPORTED BY THE FUND. THE FOUNDATION ALSO PROVIDES FUNDING FOR RESEARCH GRANTS AND FELLOWSHIPS; AMOUNTS AWARDED RANGE FROM $1,000 TO $125,000 AND ARE AWARDED ON A COMPETITIVE BASIS. 2454000 true true false false false false false false true true true false false true false false true false false true true false false false false false true false true false false false false false false false false false false false false false true false false false true 17 0 true 0 true true false false false false false false false false false false false X 12 6 false false false false true true true true true false false true true true true true true false false false NH X Tracy Ostler 6036530481 one medical center drive lebanon NH 03756 Barry Smith Trustee / Board Secretary 0.5 0 X X 0 0 0 Edward H Stansfield III MA Trustee / Board Treasurer 0.5 2.6 X X 0 0 0 LAWRENCE DACEY MD Chair / Physician 0.5 41.0 X X 0 38990 9059 Brant Oliver PHD Trustee / Scientist 0.3 40.0 X 0 216583 44850 Christopher Burns MD TRUSTEE, EX-OFFICIO / PHYSICIAN 0.3 40.0 X 0 132085 11882 Diane Gilbert-Diamond Trustee (as of 10/20/22) 0.3 0 X 0 0 0 Heather Wishart Trustee / Neuropsychologist 0.3 40.0 X 0 135128 13769 Margaret Guill MD Trustee 0.3 0 X 0 0 0 Michael Ward Trustee 0.3 0 X 0 0 0 Nirav Kapadia MD Trustee / Physician 0.3 40.0 X 0 497725 65196 Philip Goodney MD Trustee / Physician 0.3 40.0 X 0 607097 59916 Robert Maue Trustee (through 06/30/2023) 0.3 0 X 0 0 0 William Wickner MD Trustee 0.3 0 X 0 0 0 Tracy Ostler Executive Director 40.0 0.0 X 0 118575 7472 0 1746183 212144 0 false true false MARY HITCHCOCK MEMORIAL HOSPITAL ONE MEDICAL CENTER DRIVE LEBANON NH 03756 RESEARCH & EDUCATION SERVICES 1015164 DARTMOUTH-HITCHCOCK CLINIC ONE MEDICAL CENTER DRIVE LEBANON NH 03756 RESEARCH & EDUCATION SERVICES 435070 TRUSTEES OF DARTMOUTH COLLEGE 37 DEWEY FIELD HANOVER NH 03755 RESEARCH SERVICES 194700 3 1392590 1392590 Sponsored, Program & Educational Research 541700 552110 552110 0 0 0 0 552110 240372 36951 203421 0 0 0 0 0 1758859 1758859 0 1758859 1758859 0 0 0 0 0 3943931 552110 36951 1962280 X 10000 10000 3478 3478 146150 146150 1843624 1842894 730 0 0 0 6261 5469 792 2554 2554 16160 16160 186744 186547 197 Dues and memberships 9653 8663 990 Educational materials & honorariums 54273 51273 3000 Lab fees, equipment & supplies 173457 173178 279 Subject fees 4684 4684 2950 2950 0 0 2459988 2454000 5988 0 50000 50000 621956 224408 0 0 32502 60845 0 0 0 0 0 0 0 6318 6318 0 0 0 0 32995238 34960484 0 0 0 0 33699696 35295737 188479 369947 0 0 0 0 0 0 0 0 44110 45561 232589 415508 X 25850444 27382612 7616663 7497617 33467107 34880229 33699696 35295737 X 1483943 70859 -141680 X false true X false false X 1406487 1245712 1816040 1484682 1392590 7345511 0 0 1406487 1245712 1816040 1484682 1392590 7345511 142605 7202907 1218893 2294690 17047 -42454 203421 3691597 0 0 0 0 2817 2817 0 0 0 0 0 0 11039925 4287660 0.6524 0.6563 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7762865 464308 284623 7942550 8626651 -577521 286265 7762865 6955918 1880218 209485 8626651 6987616 165703 197401 6955918 6833545 316153 162082 6987616 0.4557 0.27 0.2743 false false 6318 6318 0 0 INVESTMENT IN POOLED FUNDS 34960484 F 34960484 Agency Accounts 45561 45561 Schedule D, Part V, Line 4 Intended uses of endowment funds THE HITCHCOCK FOUNDATION'S ENDOWMENT FUNDS INCLUDE RESOURCES FOR THE FOLLOWING USES: - THE TIFFANY BLAKE ENDOWMENT SUPPORTS A RESEARCH TRAINING FELLOWSHIP FOR A YOUNG INVESTIGATOR AT DARTMOUTH-HITCHCOCK MEDICAL CENTER WHO IS COMMITTED TO CLINICALLY-ORIENTED RESEARCH. - THE HENRY HEYL ENDOWMENT SUPPORTS MEDICAL RESEARCH GRANTS. - THE HELMUT SCHUMANN LECTURE ENDOWMENT SUPPORTS AN ANNUAL PUBLIC LECTURE IN "STUDIES IN HEALTHFUL LIVING." - THE HELMUT SCHUMANN FELLOWSHIP ENDOWMENT SUPPORTS A FELLOWSHIP FOR A DARTMOUTH-HITCHCOCK MEDICAL CENTER FACULTY TO DEVELOP PROGRAMS IN PRIMARY PREVENTION AND HEALTH PROMOTION. - THE RESIDENTS' REVOLVING EMERGENCY LOAN FUND SUPPORTS RESIDENTS AND FELLOWS IN TRAINING AT DARTMOUTH-HITCHCOCK HEALTH. - THE NEUROSURGICAL RESEARCH FUND (BARRY) SUPPORTS NEUROSURGICAL RESEARCH. - THE HAROLD M. PIERCE MEMORIAL FUND SUPPORTS CANCER RESEARCH. true Europe (Including Iceland and Greenland) 0 0 Program Services Program support 34395 Sub-Saharan Africa 0 0 Program Services Program support 111755 0 0 0 0 0 0 146150 0 146150 Sub-Saharan Africa PROGRAM SUPPORT 111755 WIRE TRANSFER Europe (Including Iceland and Greenland) PROGRAM SUPPORT 34395 WIRE TRANSFER 2 0 true false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE FOUNDATION PROVIDES UNRESTRICTED PROGRAM SUPPORT FOR CERTAIN FOREIGN ORGANIZATIONS. PROGRAM SUPPORT TO SPECIFIC ORGANIZATIONS IS CHOSEN AND DIRECTED BY THE PHYSICIANS AND/OR RESEARCHERS WORKING DIRECTLY WITH THE CHARITY. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual true Willing Hands Enterprises 198 Church Street Norwich VT 05055 202204811 501(c)(3) 10000 FMV Mgt of the Farmacy Garden activities & Volunteers 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. FELLOWSHIPS AND LARGE PROGRAM PROJECT GRANTS ARE GIVEN EVERY TWO YEARS. SMALL PILOT GRANTS ARE MADE TWICE A YEAR. AMOUNTS AWARDED RANGE FROM $1,000 TO $125,000 AND ARE AWARDED ON A COMPETITIVE BASIS. ALL GRANT AND FELLOWSHIP-RELATED EXPENSES ARE REVIEWED AND APPROVED BY THE FOUNDATION BEFORE BEING PAID. REQUESTS FOR EXPENDITURES NOT IN PRE-APPROVED GRANT BUDGETS ARE REJECTED. false false false false false false false false false Philip Goodney MD Trustee / Physician 0 553259 0 1440 0 52398 0 23150 0 36766 0 667013 0 0 Brant Oliver PHD Trustee / Scientist 0 216077 0 0 0 506 0 15303 0 29547 0 261433 0 0 Nirav Kapadia MD Trustee / Physician 0 481724 0 5008 0 10993 0 20661 0 44535 0 562921 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The Executive Director IS EMPLOYED AND PAID BY A RELATED ORGANIZATION WHICH USES A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT, FORM 990 INFORMATION FROM OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE Position's COMPENSATION. Form 990, Part VI, Line 15a OFFICERS AND POSITIONS FOR WHICH PROCESS WAS USED & YEAR UNDERTAKEN ALTHOUGH PAID BY A RELATED ORGANIZATION, THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS EVALUATED BY AN INDEPENDENT THIRD-PARTY FIRM FOR REASONABLENESS AND NATIONAL DATA BENCHMARKING. THE TALENT DEVELOPMENT AND COMPENSATION COMMITTEE, ALONG WITH INDEPENDENT TRUSTEES, APPROVE THE FINAL COMPENSATION IN CONSIDERATION WITH THE INDEPENDENT THIRD-PARTY FIRM'S RECOMMENDATIONS AND SUGGESTIONS. THIS PROCESS WAS CONTEMPORANEOUSLY DOCUMENTED AND LAST UNDERTAKEN IN FISCAL YEAR 2023. Form 990, Part VI, Line 15b THE HITCHCOCK FOUNDATION USES THE STAFF OF A RELATED ORGANIZATION. COMPENSATION FOR THE OFFICER IS EVALUATED BY INTERNAL HR STAFF USING NATIONAL BENCHMARKING DATA, ALONG WITH ONGOING EVALUATIONS BY AN INDEPENDENT THIRD-PARTY FIRM FOR REASONABLENESS, WITH THE LAST FORMAL PROCESS IN FISCAL YEAR 2023. EXTERNAL BENCHMARKING FROM AN INDEPENDENT THIRD PARTY HAS BEEN USED FOR ANY OFFICER WHO WAS HIRED OR RECEIVED A COMPENSATION ADJUSTMENT SINCE THE LAST FORMAL PROCESS. COMPENSATION RATES ARE DETERMINED BY FOLLOWING THE GUIDELINES OF THE COMPENSATION COMMITTEE CHARTER AND PHILOSOPHY DOCUMENTS AND A FORMAL REVIEW BY COMPENSATION COMMITTEE MEMBERS. Form 990, Part VI, Line 1a Delegate broad authority to a committee As described in the organization's by-laws, the Hitchcock Foundation has an Executive Committee consisting of the officers of the Board of Trustees, the chairperson of the Scientific Review Committee and such other members as the Board may designate. A majority of the Executive Committee shall constitute a quorum for the transaction of business and the act of a majority of those present at a meeting at which a quorum is present shall be the act of the Committee. Vacancies on the Executive Committee shall be filled by the Chairperson. The Executive Committee shall have the power to transact all regular business of the Foundation during the interim between meetings of the Board of Trustees, provided that any action taken shall not conflict with the expressed policies and wishes of the Board of Trustees and further provided that it shall inform the Board of Trustees of its actions. Form 990, Part VI, Line 6 Classes of members or stockholders DARTMOUTH-HITCHCOCK CLINIC (DHC) IS THE SOLE CORPORATE MEMBER OF THE HITCHCOCK FOUNDATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body DHC RETAINS LIMITED POWERS IN ACCORDANCE WITH THE BYLAWS INCLUDING, BUT NOT LIMITED TO, ELECTING TRUSTEES OF THE BOARD AND APPROVING CHANGES WITHIN THE BYLAWS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders DHC RETAINS LIMITED POWERS IN ACCORDANCE WITH THE BYLAWS INCLUDING, BUT NOT LIMITED TO, ELECTING TRUSTEES OF THE BOARD AND APPROVING CHANGES WITHIN THE BYLAWS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY EXTERNAL TAX ADVISORS AND THE EXECUTIVE DIRECTOR BEFORE THE FILING OF THE RETURN. ONCE THE RETURN HAS BEEN FULLY PREPARED, A FINAL 990 IS SENT TO EACH BOARD MEMBER AND TIME IS ALLOCATED FOR COMMENTS AND RESPONSES PRIOR TO THE OFFICIAL FILING OF THE FORMS. Form 990, Part VI, Line 12c Conflict of interest policy THE HITCHCOCK FOUNDATION BOARD OF TRUSTEES APPROVED A POLICY CONCERNING A VOLUNTARY SELF-DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST. THE DARTMOUTH-HITCHCOCK COMPLIANCE AND AUDIT SERVICES DEPARTMENT CONDUCTS AN ANNUAL SURVEY OF ALL OFFICERS AND TRUSTEES AND PERFORMS OTHER PROCEDURES AS CONSIDERED NECESSARY TO REPORT ON COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE DEPARTMENT THEN REPORTS TO EACH BOARD ANY POTENTIAL CONFLICTS FOR THEIR REVIEW. PER THE POLICY, ANY CONFLICTS OR OTHERWISE PERCEIVED CONFLICTS ARE REQUIRED TO BE ADDRESSED BY THE BOARD OF TRUSTEEES ON AN ONGOING BASIS. IN THE EVENT A CONFLICT ARISES, THE INDIVIDUAL MAY BE REMOVED FROM PARTICIPATING IN ANY DECISION-MAKING REGARDING THE IDENTIFIED CONFLICT AND/OR ITS CORRESPONDING TRANSACTIONS. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH PERSON ON THE BASIS FOR SUCH BELIEF AND AFFORD HIM/HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE INTERESTED PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT SUCH PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Line 19 Required documents available to the public THE HITCHCOCK FOUNDATION MAKES GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Research and management expenses - Total Expense: 1843624, Program Service Expense: 1842894, Management and General Expenses: 730, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Net Asset Transfers - -141680; Form 990, Part XII, Line 2c AUDIT COMMITTEE AND FINANCIAL STATEMENT OVERSIGHT THE ORGANIZATION DOES NOT DELEGATE ANY OVERSIGHT OF THE AUDIT TO A SUBCOMMITTEE. THE FULL BOARD REVIEWS AND APPROVES ALL INFORMATION AND FINANCIAL STATEMENTS. THE ORGANIZATION IS INCLUDED IN THE AUDIT AND FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION, DARTMOUTH-HITCHCOCK CLINIC. Form 990, Part XII, Line 3a FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION WAS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE DARTMOUTH-HITCHCOCK HEALTH SYSTEM FOR FISCAL YEAR 2023. DURING FISCAL YEAR 2023, MARY HITCHCOCK MEMORIAL HOSPITAL EXPENDED FUNDS FROM FEDERAL AWARDS IN EXCESS OF THE $750,000 THRESHOLD SET FORTH IN THE 0MB UNIFORM GUIDANCE, THEREFORE REQUIRING AN AUDIT. DUE TO THE ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS, THE SINGLE AUDIT WAS PERFORMED ON THE COMBINED FINANCIAL INFORMATION OF ALL ORGANIZATIONS, INCLUDING THE HITCHCOCK FOUNDATION. DARMOUTH-HITCHCOCK CLINIC ONE MEDICAL CENTER DRIVE LEBANON NH 03756 222519596 PHYSICIAN SERVICES NH 501(c)(3) 10 D-HH false DARTMOUTH-HITCHCOCK HEALTH ONE MEDICAL CENTER DRIVE LEBANON NH 03756 264812335 PARENT ORGANIZATION NH 501(c)(3) 7 Na false RENAISSANCE PSYCHIATRY OF NEW ENGLAND ONE MEDICAL CENTER DRIVE LEBANON NH 03756 813076466 PSYCHIATRY NH Dartmouth-Hitchcock Clinic Related 0 0 false 0 false 0 POMPANOOSUC INVESTMENT CORP ONE MEDICAL CENTER DRIVE LEBANON NH 03756 020352330 REAL ESTATE HOLDINGS NH Dartmouth-Hitchcock Clinic C Corporation 0 0 0 false false false true false false false false false false false false false true true true true false false true