2024-11-08T09:02:14-06:00 2023-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-01-01 020465942 Greater Rochester Community Health Foundation GREA 6032256641 37 Pleasant Street Concord NH 033014005 Elizabeth Andrews-Parker Board Chair 6032256641 2024-10-31 1 0 Connor Smart P02285543 2078792100 2024-10-31 2023 2024-10-15 13:58:12Z Elizabeth Andrews-Parker 37 Pleasant Street Concord NH 033014005 1774051 0 X www.nhcf.org/what-were-up-to/focus-on/grchf/ X 1993 NH To improve the health and well-being of persons residing in Strafford County, NH. 9 9 0 9 0 0 0 0 0 0 235828 572839 0 0 235828 572839 500 330000 0 0 0 0 0 0 0 165702 206819 166202 536819 69626 36020 25070673 28435062 8089184 7643286 16981489 20791776 X To improve the health and well-being and reduce the burden of illness of persons residing in Strafford County, New Hampshire and immediately surrounding communities.(Continued on Schedule O)The Organization will seek to improve the health of its community primarily by awarding grants, by making program related investments, and by providing other financial assistance to health and social service related programs, organizations, and projects that benefit the residents of Strafford County, New Hampshire and its immediately surrounding communities in a charitable manner within the meaning of Section 501(c)(3) of the Code. 0 0 330000 330000 0 The Organization is a Supporting Organization of the New Hampshire Charitable Foundation (NHCF). Through its support of the NHCF, the Organization worked to improve the health and well-being and to reduce the burden of illness of persons residing in Strafford County, New Hampshire and immediately surrounding communities. 330000 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 NH X Rebecca Carr 6032256641 37 Pleasant Street Concord NH 033014005 X Kerrie Landry Trustee 3.00 0.00 X 0 0 0 Brittany Potvin Trustee 3.00 0.00 X 0 0 0 Jennifer Ufkin Trustee 3.00 0.00 X 0 0 0 Raude Raychel Trustee 3.00 0.00 X 0 0 0 Kyle Repucci Trustee 3.00 0.00 X 0 0 0 Elizabeth Andrews-Parker Board Chair, Trustee 3.00 0.00 X X 0 0 0 Emmett Soldati Vice Chair, Trustee 3.00 3.50 X X 0 0 0 Brian Hughes Treasurer, Trustee 3.00 0.00 X X 0 0 0 Sandra Jalbert Secretary, Trustee 3.00 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 618667 618667 1155384 1201212 -45828 -45828 -45828 572839 0 0 572839 330000 330000 34869 34869 42904 42904 6779 6779 740 740 46 46 NHCF administrative fee 121481 121481 536819 330000 206819 0 119809 82479 643028 16338905 19351659 8611959 8357896 25070673 28435062 8026423 7580280 62761 63006 8089184 7643286 X 16981489 20791776 16981489 20791776 25070673 28435062 X 36020 2181784 1592483 X X 0 1 X 1 0 X X 1 NH Charitable Foundation 026005625 8 1 121481 330000 1 121481 330000 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I, Line 12g, Column(vi), Other Support: The Greater Rochester Community Health Foundation ("GRCHF") operates for the betterment and support of the New Hampshire Community Foundation ("NHCF") whose exempt mission is to make New Hampshire a more just, sustainable, and vibrant community where everyone can thrive. In addition to supporting NHCF, GRCHF's exempt purpose is to improve the health and well-being of persons residing in Strafford County, New Hampshire. From time-to-time GRCHF may fulfill this exempt mission by making grants to organizations and individuals other than NHCF. Accordingly, when GRCHF delivers grants and support to charitable organizations working to improve New Hampshire, it does so not only in furtherance of its own exempt purpose, but also in support of the mission and goals of its supported organization, NHCF. But for the activities and operations of GRCHF, these functions would otherwise be performed directly by NHCF. Therefore, grants paid by GRCHF, even if not to NHCF, have been included on this Form 990, Schedule A, Part I, Line 12g(vi), as other nonmonetary support. Schedule A, Part IV, Section A, Line 6: See narrative for Schedule A, Part I, Line 12g, Column(vi). 1 8026423 115798 419720 7722501 1 X 16981489 1542624 2804482 330000 121481 85338 20791776 16226488 3690827 -2769624 500 102800 62902 16981489 15679384 592954 36564 9286 16226488 15672877 11459 4952 15679384 0.00000 0.72860 0.27140 0 0 0 Interest in Charitable Remainder Trust 635395 Receivables from escrow 7722501 8357896 Due to affiliates 63006 63006 X 4254343 2181784 1542624 3724408 529935 42904 42904 572839 493915 0 493915 42904 42904 536819 Part IV, Line 1b: On September 1, 2021, the New Hampshire Charitable Foundation's (the "Foundation") Board of Directors accepted a gift of 100% of the outstanding shares of The Greater Rochester Community Health Foundation ("GRCHF"), establishing a Type 1 Supporting Organization. GRCHF is a separate legal entity established under the provisions of IRS Section 509(a)(3) and is a 501(c)(3) nonprofit entity. GRCHF was established to receive the net proceeds from the sale of Frisbie Memorial Hospital (the Hospital). As defined by the IRS, a Type 1 supporting organization is controlled by the Foundation through operation, supervision, or control by appointing the majority of the supporting organization's board members. GRCHF's purpose aligns with the mission of the Foundation and will be used to improve the health and well-being and the burden of illness of persons residing in Strafford County, New Hampshire and immediately surrounding communities. In 2023, the Purchaser of the Hospital and GRCHF entered into a settlement agreement related to the closure of the labor and birth center at the Hospital, which has since wound-down. Accordingly, GRCHF is aware of additional assets that may be transferred to the Supporting Organization in the future, including approximately $7,700,000 currently held in escrow. GRCHF is aware of approximately $5,250,000 in escrow claims that will be paid in 2024. At December 31, 2023 and 2022, there are certain uncertainties and contingencies associated with the remainder of these funds and therefore they have not been contributed to the Supporting Organization. Both the escrow receivable and associated contingent liability have been recorded in the accompanying consolidated balance sheets beginning in 2022 in other assets and other liabilities, respectively. It is unknown when the amount of remaining funds will be released from escrow to the Supporting Organization in the future given the potential for certain claims and assessments to be made against them. The Foundation believes that the funds held in escrow will cover all claims and assessments against GRCHF. In the event that the escrow is insufficient to cover potential claims and assessments, the Purchaser of the Hospital has the right to receive up to approximately $8,200,000 of GRCHF's assets for the excess claims and assessments. For the period ending December 2023, the Escrow Assets accumulated approximately $116,000 in interest earnings, of which approximately $420,000 was distributed out of the Escrow account. Part IV, Line 2b: Refer to the narrative on this Form 990, Schedule D, Part IV, Line 1b. Part V, Line 4: In September, 2021, sole membership of the Greater Rochester Community Health Foundation ("GRCHF") was transitioned from the FMH Wind-Down Company (since dissolved) to the New Hampshire Charitable Foundation. All proceeds received and held by GRCHF as a result of this transition are considered permanent endowments, the income from which is to be used to promote the health and well-being of the citizens of Strafford County, New Hampshire. Additionally, in September of 2021, GRCHF recognized the present value of an interest in a Charitable Remainder Trust as a current year contribution. GRCHF's interest in the Trust is to be maintained as a permanent endowment, the income of which is to be used for the purpose of health care financial assistance for members of the community served by the Foundation. Part X, Line 2: The Company and the Foundation are not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. Management evaluated the Company and Foundation's tax positions and concluded the Company and Foundation have maintained their tax-exempt status, do not have any significant unrelated business income and have taken no uncertain tax positions that require adjustment to the consolidated financial statements. Part XI, Line 2d - Other Adjustments: Transfers from predecessor organizations 1,542,624. 1 Behavioral Health and Development Services of Strafford County 113 Crosby Road Suite 1 Dover NH 03820 020366120 501(c)(3) 20000 0 For general support and staffing COAST 42 Sumner Drive Dover NH 03820 020362579 501(c)(3) 20000 0 For general support and to expand transportation options for elders and disabled Community Action Partnership of Strafford County 577 Central Avenue Suite 10 Dover NH 03820 020268636 501(c)(3) 25000 0 To increase access to maternal and mental health care Cornerstone VNA 178 Farmington Road Rochester NH 03867 020231026 501(c)(3) 10000 0 For general operating support Dover Children's Home 207 Locust Street Dover NH 03820 020223323 501(c)(3) 10000 0 For general operating support Gather 210 West Road Unit 3 Portsmouth NH 038015639 020226943 501(c)(3) 10000 0 For general operating support Great Bay Services 23 Cataract Avenue Suite 1 Dover NH 03820 020242389 501(c)(3) 10000 0 For general operating support Greater Seacoast Community Health 8 Greenleaf Woods Drive Portsmouth NH 038015436 020304203 501(c)(3) 35000 0 For integrated health services and dental services to low income people HAVEN 20 International Drive Suite 300 Portsmouth NH 03801 020337620 501(c)(3) 20000 0 For general support and access to services after domestic and/or sexual violence Homeless Center for Strafford County 202 Washington Street Rochester NH 03839 020519859 501(c)(3) 10000 0 For general operating support Infinity Peer Support Cooperative 55 Summer Street Rochester NH 03867 020477574 501(c)(3) 10000 0 For general operating support Pinetree Institute 206 Old Road Eliot ME 03903 461000086 501(c)(3) 25000 0 To assist the NH seacoast communities in creating their own mental health alliances Reproductive Freedom Fund of New Hampshire 422 Central Avenue 167 Dover NH 03820 862394891 501(c)(3) 10000 0 For general operating support SHARE Fund 150 Wakefield Street Suite 5 Rochester NH 03867 263695848 501(c)(3) 10000 0 For general operating support SOS Recovery Community Organization Inc 14 Signal Street Rochester NH 03867 920814462 501(c)(3) 10000 0 For general operating support Southeastern NH Alcohol and Drug Abuse Services 272 County Farm Road Dover NH 03820 020347931 501(c)(3) 10000 0 To fund essential substance use disorder programming Strafford Nutrition & Meals on Wheels 25 Bartlett Avenue Suite A Somersworth NH 03878 264545462 501(c)(3) 20000 0 To support the mission of Meals on Wheels The Joan G Lovering Health Center PO Box 456 Greenland NH 038400456 222572590 501(c)(3) 10000 0 To provide specialized sexual/reproductive healthcare in Strafford county Triangle Club Inc 120 Broadway Dover NH 03820 222533853 501(c)(3) 10000 0 For general operating support Vouchers for Veterans 119 Chamberlain Street Rochester NH 03867 824904974 501(c)(3) 7500 0 For general operating support Waypoint 464 Chestnut Street Manchester NH 03105 020222164 501(c)(3) 35000 0 For general operating support and mental health services for homeless youth 21 0 Part I, Line 2: The Foundation's procedures for monitoring the use of grant funds in the United States: 1. All grant awards specify the purpose for which funds must be used. 2. Grant awards from donor advised and designated funds require that grantees agree to use funds for their stated purpose. 3. For competitive application grant awards, the Foundation requires and maintains final grant reports from each grantee on how grant funds were used. Form 990, Part VI, Section A, line 6 The sole shareholder of the Foundation is the New Hampshire Charitable Foundation, a nonprofit New Hampshire corporation and an exempt organization within the meaning of Section 501(c)(3) of the Internal Revenue Code. Form 990, Part VI, Section A, line 7a The structure and appointment of the Corporation's Board of Directors is subject to the approval and influence of the Corporation's sole shareholder, the NHCF. The number of Directors shall be fixed at seven (7) persons. The Board shall be divided into two classes of Directors: Class A and Class B. There shall be four (4) Class A Directors to be elected by NHCF and three (3) Class B Directors who shall initially be elected by the directors of the former Frisbie Foundation and shall be elected thereafter by the Class B Directors. All directors shall be elected in accordance with the nominating process set forth: In consultation with the Corporation's Board of Directors, the Corporation's Nominating Committee shall prepare 1) a slate of nominees for election as Class A Directors to present to the NHCF not less than thirty (30) days prior to the annual meeting of the Corporation in the case of vacancies created by the expiration of Directors' terms of office, or not less than thirty (30) days prior to a special meeting of the Corporation in the case of vacancies and 2) a slate of nominees for election as Class B Directors to present to the then current Class B Directors not less than thirty (30) days prior to the annual meeting of the Corporation in the case of vacancies created by the expiration of Directors' terms of office, or not less than thirty (30) days prior to a special meeting of the Corporation in the case of vacancies. If NHCF objects to the slate of Class A Directors under consideration, then the Corporation's Nominating Committee shall present a new slate to NHCF. If NHCF fails to approve the first and second slate of nominees submitted by the Corporation's Nominating Committee, NHCF may develop and approve its own slate of directors; provided, however, that all directors must meet the individual criteria for qualification to serve on the Board of Directors as set forth in the Foundations Articles and Bylaws. Any director or officer may resign by submitting a written resignation to the Chair or the Secretary of the Corporation. Any director may be removed for cause from office at any time by a vote of the shareholder of the Corporation. The Nominating Committee shall consist of the Chair, a representative of NHCF, one Class A Director and one Class B Director. In consultation with the Corporation's Board of Directors, the Committee shall recommend 1) candidates to be elected by NHCF as Class A Directors to the Corporation's Board of Directors and 2) candidates to be elected by the Class B Directors. Form 990, Part VI, Section A, line 7b The management, control and operation of the affairs and properties of the Corporation shall vest and be in the Board of Directors of the Corporation, subject to any agreement which the Board of Directors enters with the shareholder and those powers reserved to the shareholder by law, the Articles of Agreement or these Bylaws. The Board shall convene a Community Advisory Committee to include at least two directors, a representative of NHCF, other funders, as well as community-based health and social service organizations, to identify and assess community needs and provide input to the Board on the Corporation's grant-making priorities. The Community Advisory Committee shall be convened to provide input to the Board in the development of Corporation's initial grant strategy and periodically thereafter to update the grant strategy. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with the assistance of the Foundation's independent public accounting firm and is thoroughly reviewed by key financial staff of the Foundation's parent-organization. The CFO and Finance Team of the Foundation's parent organization, the New Hampshire Charitable Foundation, will review the 990 prior to filing. A copy of the 990 is also made available to the board for review as well. Form 990, Part VI, Section B, line 12c Any possible conflict of interest (including any pecuniary benefit transaction, as defined in NH RSA 7:19-a) or any transaction entered into by the Corporation in which a Director or officer of the Corporation has a direct or indirect financial interest (a "Pecuniary Benefit Transaction") shall be disclosed in writing to the Board. Every new officer and Director of the Corporation shall be advised of the terms of this Pecuniary Benefit Transaction provision in the Organization's conflict of interest policy upon assuming the duties of his or her office, and shall sign a statement acknowledging his or her understanding of and assent to the terms set by the conflict of interest policy. Form 990, Part VI, Section C, line 19 The Foundation will provide its governing documents, financial statements, and conflict of interest policy upon request. Form 990, Part XI, line 9: Change in value of split-interest trust 49,859. Transfers from predecessor organization 1,542,624. Form 990, Part XII, Line 2c: The audit process has not changed from the prior fiscal year end. New Hampshire Charitable Foundation 37 Pleasant Street Concord NH 033014005 026005625 Grant-making and community support NH 501(c)(3) Line 8 N/A 0 Charitable Remainder Trust Beneficiary distributions CA N/A T 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0