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Nonprofit · EIN 16-1497087

OLEAN GENERAL HOSPITAL FOUNDATION

Tax-exempt · OLEAN, NY 14760

Financials

$2.6M$3.2M2023$7M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of OLEAN GENERAL HOSPITAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,019,416$3,680,600$3,338,816$45,810,107$85,246$45,724,861
December 31, 2023990$2,589,846$3,169,093-$579,247$43,882,685$73,676$43,809,009
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,171,391
Program service revenue
$0
Investment income
$5,900,354
Net gain from sales of assets
$4,711,795
Net income from fundraising events
-$52,329
Other revenue
-$52,329

Expenses

Grants and similar amounts paid
$2,984,854
Compensation of officers, directors and key employees
$167,853
Other salaries and wages
$97,458
Salaries, compensation and benefits (total)
$307,881
Professional fundraising fees
$0
Travel
$1,965
Depreciation
$513
Program services (functional)
$2,984,854
Management and general (functional)
$434,207
Fundraising (functional)
$261,539

Balance sheet and other

Total assets, start of year
$43,882,685
Total assets, end of year
$45,810,107
Total liabilities, end of year
$85,246
Net assets, end of year
$45,724,861
Publicly traded securities
$32,117,416
Net assets without donor restrictions
$15,082,144
Net assets with donor restrictions
$30,642,717
Gross receipts
$15,203,691
Employees
4
Volunteers
25
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
STEVEN JACKSONPRESIDENT
Officer
40$155,602$0$12,251
MUHAMMED T JAVEDDIRECTOR
Trustee or director
1$0$60,000$0
JAMES BARDENETTCHAIRMAN
Trustee or director, Officer
1$0$0$0
THERESA SMITHVICE-CHAIRMAN
Trustee or director, Officer
1$0$0$0
RONALD CECCHITREASURER
Trustee or director, Officer
1$0$0$0
KELLY LENT-PAULSECRETARY
Trustee or director, Officer
1$0$0$0
LEDGIE DEROSEDIRECTOR
Trustee or director
1$0$0$0
CHRIS NAPOLEONDIRECTOR
Trustee or director
1$0$0$0
BRIAN PALUMBODIRECTOR
Trustee or director
1$0$0$0
PAUL PEZZIMENTIDIRECTOR
Trustee or director
1$0$0$0
GREGORY PRIVITERADIRECTOR
Trustee or director
1$0$0$0
SUSANNA STITTDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
STEVEN JACKSONPRESIDENT
Officer
40$144,829$10,976
DAVID DITANNACHAIRMAN
Trustee or director, Officer
1$0$0
THERESA SMITHVICE-CHAIRMAN
Trustee or director, Officer
1$0$0
JAMES BARDENETTTREASURER
Trustee or director, Officer
1$0$0
KELLY LENT-PAULSECRETARY
Trustee or director, Officer
1$0$0
RONALD CECCHIDIRECTOR
Trustee or director
1$0$0
LEDGIE DEROSEDIRECTOR
Trustee or director
1$0$0
CHRIS NAPOLEONDIRECTOR
Trustee or director
1$0$0
BRIAN PALUMBODIRECTOR
Trustee or director
1$0$0
PAUL PEZZIMENTIDIRECTOR
Trustee or director
1$0$0
GREGORY PRIVITERADIRECTOR
Trustee or director
1$0$0
SUSANNA STITTDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
515 MAIN ST, OLEAN, NY 14760-1513
Principal officer (990 for 2024)
STEVEN JACKSON, 515 MAIN ST, OLEAN, NY 14760
Signed the 990
STEVEN JACKSON, PRESIDENT
Phone
(716) 375-7444
Return prepared by
LUMSDEN & MCCORMICK LLP

Mission

TO DEVELOP AND GENERATE ONGOING PHILANTHROPIC SUPPORT FOR OLEAN GENERAL HOSPITAL'S CONTINUED DEVELOPMENT AND GROWTH.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O FOR A DESCRIPTION OF THE PROGRAM SERVICE ACCOMPLISHMENTS.MISSION STATEMENT:THE MISSION OF THE OLEAN GENERAL HOSPITAL FOUNDATION IS TO DEVELOP AND GENERATE ONGOING PHILANTHROPIC SUPPORT FOR OLEAN GENERAL HOSPITAL'S CONTINUED DEVELOPMENT AND GROWTH. SINCE ITS INCEPTION, THE FOUNDATION HAS RAISED OVER $63 MILLION FROM PEOPLE IN OUR COMMUNITY WHO CARE ABOUT THE MISSION OF OUR HOSPITAL AND WHO TAKE PRIDE IN THE CARE THAT IT PROVIDES. THIS GOAL HAS REMAINED CONSTANT SINCE THE INCEPTION OF THE FOUNDATION. WE ARE GRATEFUL TO EACH AND EVERY INDIVIDUAL AND CORPORATION WHO HAS SO GENEROUSLY SUPPORTED OUR HOSPITAL AND FOUNDATION AND WHO HAVE HELPED ENSURE THAT OUR HOSPITAL IS ABLE AND EQUIPPED TO OFFER EXCEPTIONAL CARE TO THE PEOPLE IN OUR COMMUNITY.AS IN THE PAST, OUR FOUNDATION WAS ALSO PLEASED TO SUPPORT A VARIETY OF OTHER PROGRAMS AND SERVICES AS WELL AS EDUCATIONAL PROGRAMS FOR OUR STAFF.
    Expenses $2,984,854 · grants $2,984,854

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
16-1497087
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$45,810,107
Income (IRS master file)
$15,203,691

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,019,416$3,680,600$45,810,107XML
990-TDecember 2024–––IRS
990December 2023$2,589,846$3,169,093$43,882,685XML
990-TDecember 2023–––IRS
990December 2022$2,397,602$3,996,094$40,563,509IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 16-1497087).

Questions about OLEAN GENERAL HOSPITAL FOUNDATION

What is the EIN of OLEAN GENERAL HOSPITAL FOUNDATION?
The employer identification number (EIN) of OLEAN GENERAL HOSPITAL FOUNDATION is 16-1497087.
Is OLEAN GENERAL HOSPITAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to OLEAN GENERAL HOSPITAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does OLEAN GENERAL HOSPITAL FOUNDATION 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 OLEAN GENERAL HOSPITAL FOUNDATION 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 OLEAN GENERAL HOSPITAL FOUNDATION 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 OLEAN GENERAL HOSPITAL FOUNDATION?
The 990 for the year ended December 31, 2024 names STEVEN JACKSON.
Who are the officers and directors of OLEAN GENERAL HOSPITAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $155,602 (STEVEN JACKSON, PRESIDENT).
How much revenue does OLEAN GENERAL HOSPITAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,019,416, expenses of $3,680,600 and total assets of $45,810,107 at year end.

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