Carroll Hospital Center Foundation Inc
CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES (CONTINUED ON SCH O)
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$9.6M
Total Expenses
$7.1M
Net Assets
$109.9M
Employees
0
Volunteers
73
Grants Paid
$6.6M
Program Expense Ratio
93.0%
Fundraising Efficiency
4507.9%
This nonprofit profile presents IRS Form 990 tax filing data for Carroll Hospital Center Foundation Inc (EIN: 52-1115038), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Carroll Hospital Center Foundation Inc is a 501(c)(3) nonprofit headquartered in WESTMINSTER, MD, founded in 1975. It is classified under NTEE code E19 (Support N.E.C.), within the Healthcare category. The organization has held tax-exempt status since 1985. In its 2023 filing, the organization reported $9.6M in total revenue, a 5.5% increase from the prior year, and $7.1M in total expenses. The organization engaged 73 volunteers. NEIL M MELTZER, BOARD MEMBER/LBH PRESIDENT/CEO, is the highest-compensated individual at $3,866,428. The organization runs 3 programs, totaling $6.6M in program expenses. 4 of 6 recommended governance policies are in place.
Carroll Hospital Center Foundation Inc is classified under NTEE code E19 (Support N.E.C.), which falls within the Healthcare category. Its foundation type is 21.
Programs(Tax Year 2023)
3 records
Carroll Hospital Center Foundation Inc operates 3 programs, with total program expenses of $6.6M. Carroll Hospital Center Foundation Inc's largest program accounts for 98% of total program spending.
SEE SCHEDULE O
SUPPORT THE MISSION AND VISION OF BRIDGINGLIFE, INC. FUNDS ARE USED FOR HOSPICE OPERATIONS, BEREAVEMENT AND SPIRITUAL CARE.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, Carroll Hospital Center Foundation Inc's revenue has grown from $5.4M to $9.6M, a 78.3% increase. Program expenses represent 93% of total spending.
Revenue increased 5.5% year-over-year, while expenses declined 16.6%. net assets rose to $109.9M, up 7.0% from the prior year.
Carroll Hospital Center Foundation Inc derives 57% from contributions and grants, with 43% from investment income.
Revenue is diversified across contributions and grants (57%), investment income (43%).
Carroll Hospital Center Foundation Inc allocates 93% to programs, 5% to management and general, 2% to fundraising.
Revenue grew by 5.5% while expenses declined by only 16.6%, suggesting improving operational efficiency.
Carroll Hospital Center Foundation Inc distributed $6.6M in grants to other organizations and individuals, representing 93% of total expenses.
Over 5 filings from 2019–2023, Carroll Hospital Center Foundation Inc grew revenue from $5.4M to $9.6M (+78.3%) while maintaining a program expense ratio of 93%.
Carroll Hospital Center Foundation Inc holds $110.9M in total assets against $1.0M in liabilities (debt-to-asset ratio of 1%). The organization has 185.1 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $9.6M | $5.5M | $0 | $0 | $4.1M |
| 2022 | $9.1M | $3.9M | $0 | $0 | $5.2M |
| 2021 | $10.4M | $4.5M | $0 | $0 | $5.9M |
| 2020 | $10.5M | $3.7M | $756K | $0 | $6.8M |
| 2019 | $5.4M | $3.2M | $0 | $0 | $2.2M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $7.1M | $6.6M | $379K | $121K | $6.6M |
| 2022 | $8.5M | $8.3M | $177K | $95K | $8.3M |
| 2021 | $3.8M | $3.3M | $422K | $96K | $3.3M |
| 2020 | $5.9M | $5.6M | $212K | $99K | $5.6M |
| 2019 | $6.3M | $6.0M | $189K | $68K | $6.0M |
Program Expense Ratio
93.0%
Admin Expense Ratio
5.3%
Fundraising Efficiency
4507.9%
Operating Reserve
185.1 mo
People & Compensation(Tax Year 2023)
24 records
Carroll Hospital Center Foundation Inc reported compensation for 24 officers and key employees. Total officer compensation was $7.8M, representing 110.2% of total expenses. 5 individuals received total compensation exceeding $500,000.
Carroll Hospital Center Foundation Inc's highest-compensated individual received $3.9M in total compensation. Total officer compensation of $7.8M represents 110.2% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| NEIL M MELTZER | BOARD MEMBER/LBH PRESIDENT/CEO | Director | 1.00 | $0 | $3,815,188 | $3,866,428 |
| LESLIE SIMMONS | FORMER PRESIDENT CARROLL HOSP. | Former | — | $0 | $1,747,479 | $1,868,566 |
| GARRETT HOOVER | BOARD MEMBER/PRESIDENT CHCF | OfficerDirector | 1.00 | $0 | $736,748 | $750,694 |
| DONA HOBART MD | BOARD MEMBER/PHYSICIAN | Director | 1.00 | $0 | $526,056 | $549,823 |
| MICHAEL MYERS | TREASURER, CHCF | Officer | 1.00 | $0 | $452,933 | $523,385 |
| BRENDA FRAZIER | EVP, FOUNDATION, VP, DEVELOP. | Officer | 30.00 | $0 | $257,593 | $289,720 |
| ALEX MYERS | CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| KIRAN KUNA MD | VICE CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| MARK E BLACKSTEN | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| LEE COPLAN | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| JANET DAVIS | BOARD MEMBER/PRESIDENT AUX. | Director | 1.00 | $0 | $0 | $0 |
| MARK DEBINSKI | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| JOSEPH DOMINICK | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| STEPHAN GUTHERIE | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| TODD HERRING | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| NICK KELLAR | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| TERRI LYONS | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL MANDISH | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL MCKELVIN | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| EMILY MILLER | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| NICOL SAGER | BOARD MEMBER/SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| GUY SHEETZ | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| KEVIN WALSH | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
| TOM ZIRPOLI | BOARD MEMBER | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
NEIL M MELTZER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LESLIE SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
GARRETT HOOVER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MICHAEL MYERS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DONA HOBART MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
BRENDA FRAZIER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
Carroll Hospital Center Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 21 members, 19 of whom are independent.
Carroll Hospital Center Foundation Inc's financial statements are audited.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
7 records
Carroll Hospital Center Foundation Inc awarded $6.6M across 2 grants to organizations. Top recipients include CARROLL HOSPITAL CENTER INC (WESTMINSTER, MD) — $6.5M for see part iv; BRIDGINGLIFE INC (WESTMINSTER, MD) — $111K for see part iv. The organization also provided grants to individuals (11 recipients) totaling $22K, including trumppower scholarship, libman scholarship, minnick scholarship, dependent of associate scholarship, physician of indian origin award.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| CARROLL HOSPITAL CENTER INC521452024 | WESTMINSTER, MD | $6.5M | SEE PART IV |
| BRIDGINGLIFE INC521565870 | WESTMINSTER, MD | $111K | SEE PART IV |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| TRUMPPOWER SCHOLARSHIP | 6 | $12K |
| LIBMAN SCHOLARSHIP | 2 | $4K |
| MINNICK SCHOLARSHIP | 1 | $3K |
| DEPENDENT OF ASSOCIATE SCHOLARSHIP | 1 | $2K |
| PHYSICIAN OF INDIAN ORIGIN AWARD | 1 | $1K |
Fundraising & Events(Tax Year 2023)
Carroll Hospital Center Foundation Inc held fundraising events including Golf tournament ($67K) and Pink fling ($28K).
Named Events
golf tournament
Gross: $67,260
pink fling
Gross: $27,815
Foreign Activities(Tax Year 2023)
Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Central America and the Caribbean | — | — |
| Europe (Including Iceland and Greenland) | — | — |
Supplemental Financial Data(Tax Year 2023)
The endowment stands at $102.1M, with $92K in new contributions.
Filing History(Tax Years 1985–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $9.6M | $7.1M | $109.9M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $9.1M | $8.5M | $102.7M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $10.4M | $3.8M | $97.5M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $10.5M | $5.9M | $111.0M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $5.4M | $6.3M | $89.3M |
| 1985–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Carroll Hospital Center Foundation Inc do?
CARROLL HOSPITAL CENTER FOUNDATION IS A CHARITABLE ORGANIZATION FORMED WITH THE INTENT OF SUPPORTING THE CHARITABLE MISSIONS OF ITS AFFILIATES (CONTINUED ON SCH O)
How much revenue does Carroll Hospital Center Foundation Inc have?
Carroll Hospital Center Foundation Inc reported $9,620,473 in total revenue for tax year 2023, up 5.5% from the prior year.
Who is the highest-paid executive at Carroll Hospital Center Foundation Inc?
NEIL M MELTZER, BOARD MEMBER/LBH PRESIDENT/CEO, received $3,866,428 in total compensation as of tax year 2023.
Is Carroll Hospital Center Foundation Inc a 501(c)(3)?
Yes, Carroll Hospital Center Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Carroll Hospital Center Foundation Inc located?
Carroll Hospital Center Foundation Inc is headquartered in WESTMINSTER, MD 21157.
What type of nonprofit is Carroll Hospital Center Foundation Inc?
Carroll Hospital Center Foundation Inc is classified under NTEE code E19 (Support N.E.C.), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Carroll Hospital Center Foundation Inc audited?
Yes, Carroll Hospital Center Foundation Inc's financial statements are audited.
How much does Carroll Hospital Center Foundation Inc spend on fundraising?
Carroll Hospital Center Foundation Inc reported $121,463 in fundraising expenses for tax year 2023, which represents 1.7% of total expenses.
Does Carroll Hospital Center Foundation Inc give grants?
Yes, Carroll Hospital Center Foundation Inc distributed $6,622,267 in grants to other organizations and individuals in tax year 2023. Top recipients include CARROLL HOSPITAL CENTER INC, BRIDGINGLIFE INC.
Does Carroll Hospital Center Foundation Inc operate internationally?
Yes, Carroll Hospital Center Foundation Inc conducts activities outside the United States. Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Does Carroll Hospital Center Foundation Inc hold fundraising events?
Carroll Hospital Center Foundation Inc reports fundraising event activities.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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