THE SOUTHAMPTON HOSPITAL FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE SOUTHAMPTON HOSPITAL FOUNDATION INC

EIN 11-3466516 · Single Organization Support (E11)

What they do

THE SOUTHAMPTON HOSPITAL FOUNDATION, INC., A SEPARATE NONPROFIT CORPORATION WITH AN INDEPENDENT BOARD of TRUSTEES, SUPPORTS STONY BROOK SOUTHAMPTON HOSPITALS MISSION to DELIVER HEALTHCARE SERVICES and EXPAND CLINICAL PROGRAMS to MEET THE NEEDS of ITS EAST ENDCOMMUNITIES. ALTHOUGH THE SOUTHAMPTON HOSPITAL FOUNDATION, INC., HAS EXISTED for SOME TIME, RECENT CHANGES to ITS STRUCTURE and MISSION HAVE PUT GREATER EMPHASIS ON FUND RAISING for and INCREASED PUBLIC AWARENESS of THE HOSPITALS PROGRAMS and SERVICES. THE FOUNDATION CONCENTRATES ITS EFFORTS ON INCREASING CRITICAL PHILANTHROPIC SUPPORT to ENSURE HIGH-QUALITY HEALTHCARE for ALL OUR NEIGHBORS ON THE EAST END. IN 2025, WE ANTICIPATE FURTHERING MONIES RAISED TOWARD THE NEW GOAL for THE EAST HAMPTON EMERGENCY DEPARTMENT of $50M RESULTING FROM POST-COVID SUPPLY COST INCREASES, AS WELL AS FURTHERING THE CAPITAL CAMPAIGN to BUILD A NEW STONY BROOK SOUTHAMPTON HOSPITAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

133.00%of revenue went to mission work93.8% of expenses · Program services

8.66%of revenue went to fundraising6.1% of expenses

$141.77spent for every $100 of revenueSpending was higher than revenue this year.

0.11%of revenue went to management and office costs0.1% of expenses

$0.49in assets for every $1 spent this yearSome assets cannot be spent right away.

95.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $8,335,128 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $279,829 for JULIA MCCORMACK (PRESIDENT & CDO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$19,953,326

Mission workProgram services$26,537,160133.00% of revenue93.8% of expenses

ManagementOffice and general costs$22,9070.11% of revenue0.1% of expenses

FundraisingAsking for donations$1,728,3878.66% of revenue6.1% of expenses

Total expenses$28,288,454141.77% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.8% mission · 0.1% management · 6.1% fundraisingTotal expenses: 141.77% of revenue

2023Expense mix: 90.7% mission · 0.2% management · 9.1% fundraisingTotal expenses: 120.77% of revenue

2022Expense mix: 37.2% mission · 1.2% management · 61.6% fundraisingTotal expenses: 25.88% of revenue

2021Expense mix: 67.7% mission · 0.2% management · 32.1% fundraisingTotal expenses: 80.93% of revenue

2020Expense mix: 79.6% mission · 0.1% management · 20.3% fundraisingTotal expenses: 71.48% of revenue

2019Expense mix: 74.8% mission · 0.3% management · 25.0% fundraisingTotal expenses: 68.51% of revenue

2018Expense mix: 71.3% mission · 0.2% management · 28.5% fundraisingTotal expenses: 65.93% of revenue

2017Expense mix: 70.2% mission · 0.3% management · 29.5% fundraisingTotal expenses: 93.10% of revenue

Money in and money out

Revenue$19,953,326

Expenses$28,288,454

Annual shortfall $8,335,128 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$26,537,160 · 93.8% of expenses

Management and office costs$22,907 · 0.1% of expenses

Fundraising$1,728,387 · 6.1% of expenses

See all reported dollar amounts

Revenue$19,953,326

Expenses$28,288,454

Assets$13,997,166

Income$58,961,724

Contributions$19,093,240

Mission work (program services)$26,537,160

Fundraising$1,728,387

Grants given$64,422,437

Average grant$6,442,244

Management and general$22,907

Investing fees$22,907

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JULIA MCCORMACKPRESIDENT & CDO · 38 hrs/week $279,829Base $252,829 · Other $27,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

JULIA MCCORMACKPRESIDENT & CDO

JEAN SHAFIROFFTRUSTEE

SARAH J WETENHALLTRUSTEE

PAUL C BRENNANTRUSTEE

LAURA LOFARO FREEMANTRUSTEE

KENNETH B WRIGHTEX-OFFICIO

JOHN M HADLOCK ESQTRUSTEE

JIM FORBESEX-OFFICIO

JEAN REMMEL LITTLESECRETARY THRU 5/24

ADAM MILLERTRUSTEE

JACKIE MITCHELLTRUSTEE

HOWARD M LORBERCHAIRMAN THRU 6/24

GILBERT W HARRISONTREASURER THRU 6/24

FR ALEX KARLOUTSOSTRUSTEE

EMILY MASTALERPRESIDENT & CAO, EX-OFFICIO

CHRISTOPHER J SCHULTHEISCHIEF FINANCIAL OFFICER

CHARLES B KRUSENTRUSTEE

BETTINA A STELLETRUSTEE

About this charity

Recognized since: January 1999
Location: 240 MEETING HOUSE LN, SOUTHAMPTON, NY 11968-5009
County: Suffolk
In care of: % CHRISTOPHER J SCHULTHEIS
Primary officer: CHRISTOPHER SCHULTHEIS, CFO

How to reach them

WebsiteVisit the charity’s website Phone(631) 726-8301

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FUSTCHARLES LLP
NTEE classification: Single Organization Support (E11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes