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Nonprofit · EIN 14-1790805

ALBANY MED HEALTH SYSTEM

Also known as GLENS FALLS HOSPITAL FOUNDATION

Tax-exempt · GLENS FALLS, NY 12801

Financials

$6.2M$2.2M2023$9.1M$7.3M2024
Revenue Expenses · by fiscal year end
Financials of ALBANY MED HEALTH SYSTEM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,096,522$7,299,453$1,797,069$15,664,494$0$15,664,494
December 31, 2023990$6,161,790$2,236,519$3,925,271$13,071,282$0$13,071,282
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,663,303
Program service revenue
$0
Investment income
$445,308
Net gain from sales of assets
$183,401
Net income from fundraising events
$93,935
Other revenue
$987,911

Expenses

Grants and similar amounts paid
$1,525,429
Compensation of officers, directors and key employees
$281,036
Other salaries and wages
$139,858
Salaries, compensation and benefits (total)
$500,589
Professional fundraising fees
$0
Accounting fees
$10,600
Program services (functional)
$7,299,453

Balance sheet and other

Total assets, start of year
$13,071,282
Total assets, end of year
$15,664,494
Total liabilities, end of year
$0
Net assets, end of year
$15,664,494
Publicly traded securities
$10,558,318
Net assets without donor restrictions
$1,310,830
Net assets with donor restrictions
$14,353,664
Gross receipts
$11,660,671
Employees
0
Volunteers
41
Year formed
1996
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
PAUL SCIMECAPRESIDENT & CEO
Trustee or director, Officer
0.5$0$946,437$23,736
CHRISTOPHER MASONDIRECTOR
Trustee or director
0.5$0$665,416$43,603
JORDAN BLACKWOODDIRECTOR (UNTIL 6/30/2024)
Trustee or director
0.5$0$632,782$38,967
CHRISTOPHER SMITH MDDIRECTOR (AS OF 7/1/2024)
Trustee or director
0.5$0$438,987$22,192
CINDY SHERWOODGFH VP FOUNDATION
Key employee
40$0$281,036$27,431
TERRY CELADONDIRECTOR
Trustee or director
0.5$0$8,536$0
KRISTY MOORECHAIRPERSON
Trustee or director, Officer
2$0$0$0
MICHAEL MIHALYVICE CHAIRPERSON
Trustee or director, Officer
0.5$0$0$0
DONNA TANSECRETARY
Trustee or director, Officer
0.5$0$0$0
ANDREW BRODIEDIRECTOR (UNTIL 6/30/2024)
Trustee or director
0.5$0$0$0
DAVID J CARUSODIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL CRUZDIRECTOR (UNTIL 6/30/2024)
Trustee or director
0.5$0$0$0
JEREMY DEASONDIRECTOR (AS OF 7/1/2024)
Trustee or director
0.5$0$0$0
MATTHEW HARRISONDIRECTOR
Trustee or director
0.5$0$0$0
JOSHUA KOONSDIRECTOR
Trustee or director
0.5$0$0$0
6 more people on this return
NameTitleHours / weekCompensation
KATHERINE HERLIHY-SCHWENKERDIRECTOR
Trustee or director
0.5$0
MARC MONAHANDIRECTOR (UNTIL 6/30/2024)
Trustee or director
0.5$0
LISA OSTRANDERDIRECTOR
Trustee or director
0.5$0
MICHAEL ROMEODIRECTOR
Trustee or director
0.5$0
JAYNE VAN SCHAICK DDSDIRECTOR
Trustee or director
0.5$0
JOHN WRIGHT ESQDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PAUL SCIMECAPRESIDENT & CEO
Trustee or director, Officer
0.5$0$752,714$31,248
CHRISTOPHER MASONDIRECTOR
Trustee or director
0.5$0$723,316$38,208
JORDAN BLACKWOOD MDDIRECTOR
Trustee or director
0.5$0$599,392$34,320
CINDY SHERWOODGFH VP FOUNDATION
Key employee
40$0$237,857$24,766
TERRY CELADONDIRECTOR
Trustee or director
0.5$0$9,993$0
KATHERINE HERLIHY-SCHWENKERCHAIRPERSON
Trustee or director
2$0$0$0
KRISTY MOOREVICE CHAIRPERSON
Trustee or director
0.5$0$0$0
MARC MONAHANSECRETARY
Trustee or director
0.5$0$0$0
ANDREW BRODIEDIRECTOR
Trustee or director
0.5$0$0$0
DAVID J CARUSODIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL CRUZDIRECTOR
Trustee or director
0.5$0$0$0
MATTHEW HARRISONDIRECTOR
Trustee or director
0.5$0$0$0
JOSHUA KOONSDIRECTOR
Trustee or director
0.5$0$0$0
LINDSEY KOSTUNDIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL MIHALYDIRECTOR
Trustee or director
0.5$0$0$0
MIKE ROMEODIRECTOR
Trustee or director
0.5$0$0$0
LISA OSTRANDERDIRECTOR
Trustee or director
0.5$0$0$0
DONNA TANDIRECTOR
Trustee or director
0.5$0$0$0
JAYNE VAN SCHAICK DDSDIRECTOR
Trustee or director
0.5$0$0$0
JOHN WRIGHTDIRECTOR
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
100 PARK ST, GLENS FALLS, NY 12801-4413
In care of
% CRAIG LETOURNEAU
Principal officer (990 for 2024)
PAUL SCIMECA, 100 PARK STREET, GLENS FALLS, NY 12801
Signed the 990
PAUL SCIMECA, PRESIDENT/CEO
Phone
(518) 926-5013
Return prepared by
KPMG LLP

Mission

GLENS FALLS HOSPITAL FOUNDATION WAS ESTABLISHED TO RAISE FUNDS FOR GLENS FALLS HOSPITAL, A 501(C)(3) ORGANIZATION. SEE SCHEDULE O FOR FURTHER DESCRIPTION.

990 for the year ended December 31, 2024

Program accomplishments

  • THE GLENS FALLS HOSPITAL FOUNDATION WAS ESTABLISHED PRIMARILY TO RAISE FUNDS FOR GLENS FALLS HOSPITAL. THE GLENS FALLS HOSPITAL FOUNDATION, A NOT-FOR-PROFIT CORPORATION WAS INCORPORATED IN THE STATE OF NEW YORK, IS EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
    Expenses $7,299,453 · grants $1,525,429 · revenue $893,976

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1790805
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type II
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E21)
Assets (IRS master file)
$15,664,494
Income (IRS master file)
$11,660,671

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,096,522$7,299,453$15,664,494IRS
990December 2023$6,161,790$2,236,519$13,071,282XML
990December 2022$5,018,752$3,727,491$8,174,495IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1790805).

Questions about ALBANY MED HEALTH SYSTEM

What is the EIN of ALBANY MED HEALTH SYSTEM?
The employer identification number (EIN) of ALBANY MED HEALTH SYSTEM is 14-1790805.
Is ALBANY MED HEALTH SYSTEM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Which annual return does ALBANY MED HEALTH SYSTEM file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALBANY MED HEALTH SYSTEM due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBANY MED HEALTH SYSTEM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ALBANY MED HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 names PAUL SCIMECA.
Who are the officers and directors of ALBANY MED HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
How much revenue does ALBANY MED HEALTH SYSTEM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,096,522, expenses of $7,299,453 and total assets of $15,664,494 at year end.

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