2024-11-14T13:51:16-06:00 2023-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2023-01-01 237041610 FRIENDS OF BASSETT INC FRIE 6075473928 ONE ATWELL ROAD COOPERSTOWN NY 13326 JOHN ZOGBY CEO 6075473928 2024-11-14 1 0 GENEVA FURLANO P01877392 5184274600 2023 2024-10-15 13:58:12Z FRIENDS OF BASSETT HEALTHCARE STACI THOMPSON ONE ATWELL ROAD COOPERSTOWN NY 13326 4897504 0 X WWW.FRIENDSOFBASSETT.ORG X 1968 NY 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. 20 16 0 16 0 0 3136445 4720834 0 0 51546 86570 343 31395 3188334 4838799 3725335 2370013 0 0 0 0 0 0 14470 6668 181126 3732003 2551139 -543669 2287660 13296595 17282501 1217889 1259600 12078706 16022901 X 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. 0 0 2536669 2370013 PROGRAM SERVICE ACCOMPLISHMENTS IN 2023, 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 $4.7M IN NEW REVENUE FOR THE MEMBERS OF BASSETT HEALTHCARE NETWORK. 2536669 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 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 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X CRAIG FAERBER 6075473757 ONE ATWELL ROAD COOPERSTOWN NY 13326 HEIDI CARMARDELLO BOARD MEMBER 0.50 40.00 X 0 165468 7187 CARIDAD FUERTES BOARD MEMBER 0.50 0.00 X 0 505569 10984 TOMMY IBRAHIM MD EX-OFFICIO 0.50 0.00 X X 0 709126 33236 REGGIE KNIGHT MD BOARD MEMBER 0.50 0.00 X 0 504430 30831 DAVE CASULLO BOARD MEMBER 0.50 0.00 X 0 0 0 TERRY FULMER BOARD MEMBER 0.50 0.00 X 0 0 0 ROBERT HANFT BOARD MEMBER 0.50 0.00 X 0 0 0 PETER J HAMILTON BOARD OFFICER 0.50 0.00 X X 0 0 0 SUBASHINI DANIEL MD VICE-CHAIR 0.50 0.00 X 0 0 0 KATHLEEN JOHNSON BOARD MEMBER 0.50 0.00 X 0 0 0 STEVEN KROLL CHAIRMAN 0.50 0.00 X X 0 0 0 ERNA MORGAN MCREYNOLDS BOARD MEMBER 0.50 0.00 X 0 0 0 BILL MOSELEY SECRETARY 0.50 0.00 X X 0 0 0 JAMES PATRICK TREASURER 0.50 0.00 X X 0 0 0 CURTIS PEARSALL BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL PERRINO JR BOARD MEMBER 0.50 0.00 X 0 0 0 DAVE ROWLEY BOARD MEMBER 0.50 0.00 X 0 0 0 ALBERT WEISS BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN ZOGBY CHAIRMAN 0.50 0.00 X X 0 0 0 ARNIE DROGEN BOARD MEMBER 0.50 0.00 X 0 0 0 SANDRA MACDONALD FORMER BOARD MEMBER 0.00 40.00 X 0 126339 18774 BEN EVERIDGE FORMER CHIEF DEVELOPMENT OFFICER 0.00 40.00 X 0 237519 19156 0 2248451 120168 0 1 1 0 0 147292 4573542 4720834 86570 86570 90100 147292 58705 31395 31395 4838799 0 0 117965 2370013 2370013 4640 4640 195 195 78587 78587 1295 1295 2510 2510 OTHER EXPENSES 81332 66862 14470 BANK FEE CHARGES 12567 12567 2551139 2536669 0 14470 2420108 3266335 0 0 752285 1034157 0 0 0 0 0 0 0 0 0 0 0 4393 0 0 0 0 964499 1169817 9159703 11784218 0 0 0 0 23581 13296595 17282501 1217889 1259600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1217889 1259600 X 1670599 4096859 10408107 11926042 12078706 16022901 13296595 17282501 2287660 1656535 0 X 0 1 X 1 0 X 3894931 2208589 5443637 3136445 4720834 19404436 3894931 2208589 5443637 3136445 4720834 19404436 3961961 15442475 3907 14332 11851 51546 86570 168206 90450 56550 343 31395 178738 19751380 0.78180 0.77510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249864 9271743 1358015 2540 262916 10614166 258514 -3963 4687 249864 226873 40921 9280 258514 277059 69907 -33663 86430 226873 327982 90838 -112713 29048 277059 1.00000 0 0 0 MUTUAL FUNDS 11784218 F 11784218 X 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. DURING 2022, $9,136,030 OF ASSETS WERE TRANSFERRED FROM BASSETT MEDICAL CENTER AND AURELIA OSBORN FOX MEMORIAL HOSPITAL FOUNDATION TO FRIENDS OF BASSETT. THIS AMOUNT IS INCLUDED IN THE CONTRIBUTIONS TOTAL REPORTED BY FRIENDS OF BASSETT IN 2023 TO REFLECT THE INCREASE TO ITS ENDOWMENT ASSET POOL. PART X, LINE 2: 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, 2023 AND 2022. SUMMER RECEP 102542 21792 80750 3550 16528 600 2953 GOLF TOURNEY 134850 125500 9350 14872 3866 15966 370 237392 147292 90100 14872 7416 32494 600 3323 58705 31395 1 BASSETT MEDICAL CENTER ONE ATWELL ROAD COOPERSTOWN NY 13326 135596796 501(C)(3) 631620 0 SUPPORT BASSETT HOSPITAL SCHOHARIE COUNTY 178 GRANDVIEW DRIVE COBLESKILL NY 12043 141772971 501(C)(3) 733505 0 SUPPORT O'CONNOR HOSPITAL 460 ANDES ROAD DELHI NY 13753 161540394 501(C)(3) 370928 0 SUPPORT LITTLE FALLS HOSPITAL 140 BURWELL STREET LITTLE FALLS NY 13365 150533578 501(C)(3) 79467 0 SUPPORT AO FOX HOSPITAL ONE NORTON AVENUE ONEONTA NY 13820 150539039 501(C)(3) 68141 0 SUPPORT VALLEY HEALTH SERVICES 690 WEST GERMAN STREET HERKIMER NY 13350 222511614 501(C)(3) 44024 0 SUPPORT VALLEY HEALTH RESIDENTIAL SERVICES 690 WEST GERMAN STREET HERKIMER NY 13350 463703838 501(C)(3) 9378 0 SUPPORT BASSETT HEALTHCARE NETWORK ONE ATWELL ROAD COOPERSTOWN NY 13326 133218680 501(C)(3) 432950 0 SUPPORT 8 0 PART I, LINE 2: 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. 0 0 0 0 0 0 0 0 0 TOMMY IBRAHIM MD EX-OFFICIO 0 708826 0 300 0 0 0 19992 0 13244 0 742362 0 0 REGGIE KNIGHT MD BOARD MEMBER 0 504430 0 0 0 0 0 23292 0 7539 0 535261 0 0 CARIDAD FUERTES BOARD MEMBER 0 505569 0 0 0 0 0 0 0 10984 0 516553 0 0 BEN EVERIDGE FORMER CHIEF DEVELOPMENT OFFICER 0 237519 0 0 0 0 0 10259 0 8897 0 256675 0 0 HEIDI CARMARDELLO BOARD MEMBER 0 165468 0 0 0 0 0 3838 0 3349 0 172655 0 0 SANDRA MACDONALD FORMER BOARD MEMBER 0 126339 0 0 0 0 0 6863 0 11911 0 145113 0 0 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 VI, SECTION A, LINE 6 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, 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, SECTION A, LINE 7A SEE FORM 990, PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION A, LINE 7B SEE FORM 990, PART VI, SECTION A, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION C, LINE 19 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) 12C NONE 0 AO FOX MEMORIAL HOSPITAL ONE NORTON AVENUE ONEONTA NY 13820 150539039 HEALTHCARE NY 501(C)(3) 3 BHN 0 BASSETT HOSPITAL SCHOHARIE COUNTY 178 GRANDVIEW DRIVE COBLESKILL NY 12043 141772971 HEALTHCARE NY 501(C)(3) 3 BHN 0 LITTLE FALLS HOSPITAL 140 BURWELL STREET LITTLE FALLS NY 13365 150533578 HEALTHCARE NY 501(C)(3) 3 BHN 0 MARY IMOGENE BASSETT HOSPITAL ONE ATWELL ROAD COOPERSTOWN NY 13326 135596796 HEALTHCARE NY 501(C)(3) 3 BHN 0 O'CONNOR HOSPITAL 460 ANDES ROAD DELHI NY 13753 161540394 HEALTHCARE NY 501(C)(3) 3 BHN 0 TEMPLETON FOUNDATION ONE ATWELL ROAD COOPERSTOWN NY 13326 133317084 LANDLORD NY 501(C)(3) 10 BHN 0 VALLEY HEALTH SERVICES 690 WEST GERMAN STREET HERKIMER NY 13350 222511614 ELDER CARE NY 501(C)(3) 3 BHN 0 BASSETT PPS LLC 6181 STATE HIGHWAY 7 ONEONTA NY 13820 811749905 HEALTHCARE NY 501(C)(3) 12A BHN 0 AT HOME CARE PARTNERS 25 ELM STREET ONEONTA NY 13820 562397098 HEALTHCARE NY 501(C)(3) 3 ACH INC 0 AT HOME CARE INC 25 ELM STREET ONEONTA NY 13820 161287069 HEALTHCARE NY 501(C)(3) 3 BHN 0 VALLEY RESIDENTIAL SERVICES 25 ELM STREET HERKIMER NY 13350 463703838 ELDER CARE NY 501(C)(3) 3 BHN 0 STAMFORD PROFESSIONAL ASSOCIATES 1 NORTON AVE ONEONTA NY 13820 161322304 RENTAL NY N/A 0 0 FIRST COMMUNITY CARE OF BASSETT 60 NORTHPOINTE PARKWAY AMHERST NY 14228 161504464 HEALTHCARE NY N/A 0 0 CATSKILL CARE ENTERPRISES 1 NORTON AVE ONEONTA NY 13820 161236590 RETAIL PHARMACY & FITNESS CENTER NY N/A C 0 LEATHERSTOCKING PHYSICIANS PC ONE ATWELL ROAD COOPERSTOWN NY 13326 364864562 HEALTHCARE SERVICES NY N/A C 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0