2025-11-13T13:51:11+00:00 2024-12-31 135565207 KPMG LLP 515 Broadway 4th Floor Albany NY 12207 990 2024-01-01 237041610 Friends of Bassett Inc FRIE 6075473928 ONE ATWELL ROAD COOPERSTOWN NY 13326 STACI THOMPSON CEO 2025-11-13 true GENEVA FURLANO P01877392 5184274600 2025-11-13 2024 2025-03-06 01:10:19Z FRIENDS OF BASSETT HEALTHCARE STACI THOMPSON ONE ATWELL ROAD COOPERSTOWN NY 13326 5089039 false X WWW.FRIENDSOFBASSETT.ORG X 1968 NY (SEE ON SCHEDULE O) 19 17 0 18 0 4720834 4200302 0 86570 875802 31395 -47837 4838799 5028267 2370013 2721300 0 0 0 12177 181126 103598 2551139 2824898 2287660 2203369 17282501 20313266 1259600 1308364 16022901 19004902 SEE SCHEDULE O false false 2812721 2721300 PROGRAM SERVICE ACCOMPLISHMENTS IN 2024, THE FRIENDS OF BASSETT SOLICITED CONTRIBUTIONS (FOR THE MARY IMOGENE BASSETT HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, LITTLE FALLS HOSPITAL, VALLEY HEALTH SERVICES, AO FOX HOSPITAL, AND TEMPLETON FOUNDATION) OF APPROXIMATELY $900,000 IN NET REVENUE FOR THE MEMBERS OF BASSETT HEALTHCARE NETWORK. 2812721 true true false false false false false false false true false true false false true true false true false false false false false false true false false true false true false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false true true false false false false false false X 19 17 false false false false true true true true true false false false true true true true true true false false false false NY X CRAIG FAERBER 6075473757 ONE ATWELL ROAD COOPERSTOWN NY 13326 Bill Moseley Secretary 2.0 0 X X 0 0 0 James Patrick Vice Chair/Treasurer 2.0 0 X X 0 0 0 Peter J Hamilton Board Officer 2.0 0 X X 0 0 0 Staci Thompson Ex-Officio 2.0 52.0 X X 0 866810 12117 Steven Kroll Chair 2.0 0 X X 0 0 0 Arnie Drogen Board Member 2.0 0 X 0 0 0 Campbell Moffat Board Member 2.0 0 X 0 0 0 Curtis Pearsall Board Member 2.0 4.0 X 0 0 0 Dave Rowley Board Member 2.0 0 X 0 0 0 Erna Morgan McReynolds Board Member 2.0 0 X 0 0 0 Heidi Camardello Board Member 2.0 40.0 X 0 171121 7406 Ian Kenyon Board Member 2.0 0 X 0 0 0 Jessica Gorman Board Member 2.0 0 X 0 0 0 Jim Brock Board Member 2.0 0 X 0 0 0 Joyce Barber Board Member 2.0 0 X 0 0 0 Laurie Zimniewicz Board Member 2.0 0 X 0 0 0 Michael A Perrino Jr Board Member 2.0 0 X 0 0 0 Reggie Knight MD Board Member (THRU 4/24) 2.0 40.0 X 0 185188 11223 Robert Hanft Board Member 2.0 0 X 0 0 0 Terry Fulmer Board Member 2.0 0 X 0 0 0 Craig Faerber Interim Network CFO 2.0 56.0 X 0 524460 0 Tommy Ibrahim MD Former President 0.0 0.0 X 0 411723 12888 0 2159302 43634 true true false 0 183151 1303551 2713600 4200302 0 0 0 0 0 875802 875802 0 0 0 0 12935 183151 60772 -47837 -47837 0 0 0 0 0 5028267 0 0 827965 2721300 2721300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 775 775 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 415 415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18218 18218 0 0 OTHER EXPENSES 55349 43172 12177 BANK FEE CHARGES 28841 28841 0 0 0 0 0 0 2824898 2812721 0 12177 0 0 0 0 3266335 5560862 1034157 603070 0 0 0 0 4393 943 0 0 0 0 1169817 0 11784218 14148391 0 23581 0 17282501 20313266 1259600 1315985 0 0 0 -7621 1259600 1308364 4096859 3540513 11926042 15464389 16022901 19004902 17282501 20313266 2203369 778632 0 X false true true false X 2208589 5443637 3136445 4720834 4200302 19709807 0 0 2208589 5443637 3136445 4720834 4200302 19709807 3248196 16461611 14332 11851 51546 86570 875802 1040101 0 56550 0 343 31395 -47837 40451 20790359 0 0.79179 0.78184 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 56550.0, COLUMN B - , COLUMN C - 343.0, COLUMN D - 31395.0, COLUMN E - -47837.0, COLUMN F - 40451.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10614166 2905530 2050571 1417750 4126 14148391 249864 9271743 1358015 2540 262916 10614166 258514 -3963 4687 249864 226873 40921 9280 258514 277059 69907 -33663 86430 226873 0.0 1.0 0.0 false false Closely-held equity interests Financial derivatives MUTUAL FUNDS 14148391 F 14148391 Federal Income Taxes Other Current Liabilities -7621 -7621 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 INTENDED USES FOR ENDOWMENT FUNDS PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED FOR HEALTH CARE EDUCATIONAL SERVICES. ALL EXPENDITURES FROM THE ENDOWMENTS ARE DISTRIBUTIONS OF THE ASSETS TO AFFILIATES AS SPECIFIED BY THE DONOR. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 FOOTNOTE FRIENDS IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF BASSETT HEALTHCARE NETWORK (THE NETWORK). THE TEXT OF THE FIN 48 FOOTNOTE FROM THE CONSOLIDATED FINANCIAL STATEMENTS IS AS FOLLOWS: THE NETWORK'S VARIOUS SUBSIDIARIES GENERALLY CONSIST OF NOT-FOR-PROFIT CORPORATIONS ORGANIZED IN ACCORDANCE WITH SECTION 501(C)(3) OF THE IRC AND THEREFORE ARE EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE IRC. THE NETWORK RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE-LIKELY THAN-NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL TAX LIABILITIES OR UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED. FOR TAXABLE SUBSIDIARIES OR INVESTMENTS, INCLUDING CCE, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES OF TEMPORARY DIFFERENCES BY APPLYING ENACTED STATUTORY TAX RATES APPLICABLE TO FUTURE YEARS FOR THE DIFFERENCES BETWEEN THE CONSOLIDATED FINANCIAL STATEMENTS AND TAX BASIS OF EXISTING ASSETS AND LIABILITIES. SUCH DEFERRED TAX ASSETS AND LIABILITIES WERE NOT MATERIAL AS OF DECEMBER 31, 2024 AND 2023. GOLF TOURNAMENT 122947 110012 12935 16770 4445 19584 437 PRESIDENTS BREAKFAST 5000 5000 0 10071 1450 1 68139 68139 0 7065 950 196086 183151 12935 16770 21581 19584 2837 60772 -47837 true BASSETT MEDICAL CENTER ONE ATWELL ROAD COOPERSTOWN NY 13326 135596796 501(C)(3) 1028437 SUPPORT BASSETT HOSPITAL SCHOHARIE COUNTY 178 GRANDVIEW DRIVE COBLESKILL NY 12043 141772971 501(C)(3) 98517 SUPPORT O'CONNOR HOSPITAL 460 ANDES ROAD DELHI NY 13753 161540394 501(C)(3) 622838 SUPPORT LITTLE FALLS HOSPITAL 140 BURWELL STREET LITTLE FALLS NY 13365 150533578 501(C)(3) 81590 SUPPORT AO FOX HOSPITAL ONE NORTON AVENUE ONEONTA NY 13820 150539039 501(C)(3) 326157 SUPPORT VALLEY HEALTH SERVICES 690 WEST GERMAN STREET HERKIMER NY 13350 222511614 501(C)(3) 96388 SUPPORT VALLEY RESIDENTIAL SERVICES 690 WEST GERMAN STREET HERKIMER NY 13350 463703838 501(C)(3) 25715 SUPPORT BASSETT HEALTHCARE NETWORK ONE ATWELL ROAD COOPERSTOWN NY 13326 133218680 501(C)(3) 441658 SUPPORT 8 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds FRIENDS OF BASSETT PROVIDED GRANTS TO 501(C)(3) ORGANIZATIONS IN ITS GEOGRAPHIC AREA AND THAT ARE ENTITIES IN BASSETT HEALTHCARE NETWORK. FRIENDS OF BASSETT WORKS CLOSELY WITH EACH OF THESE ORGANIZATIONS TO ENSURE THAT THE FUNDS ARE USED AS INTENDED. FUNDRAISING STAFF AT EACH ENTITY PROVIDE UPDATES ON USE OF FUNDS AT LEAST MONTHLY AND SHARE FINANCIAL ACCOUNT STATEMENTS TO DOCUMENT PHILANTHROPIC DOLLARS MOVED INTO ACCOUNTS AND THE SUBSEQUENT EXPENDITURE OF THOSE FUNDS. THESE EXPENSES ARE REVIEWED TO ENSURE THEY ARE IN ALIGNMENT WITH THE INTENDED USE OF THE FUNDS. true false false false false false false false false Staci Thompson Ex-Officio 0 826810 0 40000 0 0 0 0 0 12117 0 878927 0 0 Heidi Camardello Board Member 0 171121 0 0 0 0 0 3463 0 3943 0 178527 0 0 Reggie Knight MD Board Member (THRU 4/24) 0 185188 0 0 0 0 0 11223 0 0 0 196411 0 0 Tommy Ibrahim MD Former President 0 0 0 0 0 411723 0 12888 0 0 0 424611 0 0 Craig Faerber Interim Network CFO 0 524460 0 0 0 0 0 0 0 0 0 524460 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment TOMMY IBRAHIM, MD RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $166,325 AND PTO PAYOUT IN THE AMOUNT OF $245,398. THESE AMOUNTS ARE INCLUDED IN THE TOTAL REPORTED IN COLUMN B(III). Schedule J, Part I, Line 1a RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE MARY IMOGENE BASSETT HOSPITAL (DBA BASSETT MEDICAL CENTER) USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR SAID INDIVIDUALS: A) COMPENSATION COMMITTEE, B) INDEPENDENT COMPENSATION CONSULTANT, C) WRITTEN EMPLOYMENT CONTRACT, D) COMPENSATION SURVEY OR STUDY AND, E) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION: THE PURPOSE OF THE FRIENDS IS TO PROMOTE THE WELFARE OF ALL BASSETT HEALTHCARE NETWORK MEMBERS. BASSETT HEALTHCARE (BHN) IS THE SOLE MEMBER OF THE MARY IMOGENE BASSETT HOSPITAL, BASSETT REGIONAL CORPORATION (BRC), AURELIA OSBORN FOX MEMORIAL HOSPITAL SOCIETY, TEMPLETON FOUNDATION, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, VALLEY HEALTH SERVICES, AND LITTLE FALLS HOSPITAL. Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSION: THE PURPOSE OF THE FRIENDS IS TO PROMOTE THE WELFARE OF ALL BASSETT HEALTHCARE NETWORK MEMBERS. BASSETT HEALTHCARE (BHN) IS THE SOLE MEMBER OF THE MARY IMOGENE BASSETT HOSPITAL, BASSETT REGIONAL CORPORATION (BRC), AURELIA OSBORN FOX MEMORIAL HOSPITAL SOCIETY, TEMPLETON FOUNDATION, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, VALLEY HEALTH SERVICES, AND LITTLE FALLS HOSPITAL. Form 990, Part VI, Line 6 Classes of members or stockholders BASSETT HEALTHCARE NETWORK IS THE PARENT AND SOLE MEMBER TO EACH OF THE FOLLOWING RELATED PARTIES. FRIENDS OF BASSETT, AO FOX MEMORIAL HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY, LITTLE FALLS HOSPITAL, O'CONNOR HOSPITAL, TEMPLETON FOUNDATION, VALLEY HEALTH SERVICES, VALLEY RESIDENTIAL SERVICES, AND MARY IMOGENE BASSETT HOSPITAL. AS PARENT AND SOLE MEMBER, BASSETT HEALTHCARE NETWORK HAS THE RIGHT TO APPOINT AND REMOVE MEMBERS OF THE GOVERNING BOARDS OF ITS SUBSIDIARIES AND APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BOARDS, INCLUDING, BUT NOT LIMITED TO, APPROVAL OF OPERATING AND CAPITAL BUDGETS, CERTAIN CAPITAL EXPENDITURES, INDEBTEDNESS NOT CONTAINED IN THE APPROVED BUDGETS, SUBSTANTIVE CHANGES IN CLINICAL PROGRAMS, MERGERS, CONSOLIDATIONS, LIQUIDATIONS AND DISSOLUTIONS INVOLVING ITS SUBSIDIARIES AND CERTIFICATE OF NEED APPLICATIONS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body SEE FORM 990, PART VI, SECTION A, LINE 6 ABOVE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders SEE FORM 990, PART VI, SECTION A, LINE 6 ABOVE. Form 990, Part VI, Line 11b Review of form 990 by governing body ORGANIZATION'S PROCESS TO REVIEW TO FORM 990 THE 990S ARE PROVIDED TO THE BOARD BEFORE FILING. IF THERE ARE ANY QUESTIONS OR CONCERNS, THEY CAN RAISE IT WITH THE BOARD, CEO AND/OR CFO. Form 990, Part VI, Line 12c Conflict of interest policy ENFORCEMENT OF CONFLICTS POLICY ANNUALLY AND DURING THE ORIENTATION PROCESS OF ANY NEW BOARD MEMBER, EACH MEMBER WILL COMPLETE A CONFLICT-OF-INTEREST QUESTIONNAIRE. EACH QUESTIONNAIRE SHALL BE REVIEWED AND ALL DISCLOSURES OF POTENTIAL CONFLICTS SHALL BE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE OF THE BOARD SHALL DETERMINE WHAT EXPLANATION AND/OR ACTION IS APPROPRIATE WITH RESPECT TO ANY POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS DISCLOSURE EXPLANATION PARTIES DESIRING TO INSPECT FORM 1023 AND 990 MUST PRESENT THEMSELVES TO THE OFFICE OF THE EXECUTIVE DIRECTOR OR INCLUDE A SELF-ADDRESSED STAMPED ENVELOPE AND PAYMENT FOR COPYING THE REQUESTED MATERIAL TO THE EXECUTIVE DIRECTOR AT THE CORPORATE ADDRESS. UPON RECEIPT/REQUEST WITH APPROPRIATE COPYING PAYMENT (IRS AMOUNT), THE FORMS WILL BE COPIED AND RELEASED. Bassett Healthcare Network ONE ATWELL ROAD Cooperstown NY 13326 133218680 Support NY 501(c)(3) None false AO Fox Memorial Hospital ONE NORTON AVENUE Oneonta NY 13820 150539039 Healthcare NY 501(c)(3) 3 BHN false Bassett Hospital Schoharie County 178 GRANDVIEW DRIVE Cobleskill NY 12043 141772971 Healthcare NY 501(c)(3) 3 BHN false Little Falls Hospital 140 BURWELL STREET Little Falls NY 13365 150533578 Healthcare NY 501(c)(3) 3 BHN false Mary Imogene Bassett Hospital ONE ATWELL ROAD Cooperstown NY 13326 135596796 Healthcare NY 501(c)(3) 3 BHN false Templeton Foundation ONE ATWELL ROAD Cooperstown NY 13326 133317084 Landlord NY 501(c)(3) 10 BHN false Valley Health Services 690 WEST GERMAN STREET Herkimer NY 13350 222511614 Elder Care NY 501(c)(3) 3 BHN false Bassett PPS LLC 6181 STATE HIGHWAY 7 Oneonta NY 13820 811749905 Healthcare NY 501(c)(3) BHN false Valley Residential Services 25 ELM STREET Herkimer NY 13350 463703838 Elder Care NY 501(c)(3) 3 BHN false At Home Care Partners 25 ELM STREET Oneonta NY 13820 562397098 Healthcare NY 501(c)(3) 3 AHC Inc false At Home Care Inc 25 ELM STREET Oneonta NY 13820 161287069 Healthcare NY 501(c)(3) 3 BHN false O'CONNOR HOSPITAL 460 ANDES ROAD DELHI NY 13753 161540394 HEALTHCARE NY 501(c)(3) 3 BHN false Stamford Professional Associates 1 NORTON AVE Oneonta NY 13820 161322304 Rental NY NA N/A false false First Community Care of Bassett 60 NORTHPOINTE PARKWAY Amherst MA 14228 161504464 Healthcare NY NA N/A false false Catskill Care Enterprises 1 NORTON AVE Oneonta NY 13820 161236590 Retail Pharmacy & FITNESS CENTER NY NA C Corporation false Leatherstocking Physicians PC ONE ATWELL ROAD Cooperstown NY 13326 364864562 Healthcare SERVICES NY NA C Corporation false true false false false false false false false false false false true false false false false false false false