Hamotcole Ventures INC

Tax-deductible

Pittsburgh, PA501(c)(3)HospitalsEIN 27-3172100Revenue $592K in FY2022

On file with the IRSupmc.com/northcentralpa600 Grant St 58th FL Uss Tower, 15219-2739 · Pittsburgh, PATax-exempt since Jan 1983Supporting organization — 509(a)(3)

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Hamotcole Ventures mission is to facilitate access to healthcare by providing modern and relevant health care clinics in rural underserved areas in north central PA.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990-T
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 13 voting members
Looks good: 8 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$592K
0% vs prior year
Spent
$599K
To programs
100%
Net assets
$6.1M
By yearFY2020–FY2022
Revenue
$592K
FY20220%
Tap a bar for its year
Revenue by fiscal year
FY2020$517K
FY2021$592K
FY2022$592K
Expenses
$599K
FY2022▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$492K
FY2021$605K
FY2022$599K
Net assets
$6.1M
FY2022-0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$6.1M
FY2022$6.1M

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jan 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $599K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990-T.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Pres Upmc Ncpa Beg 06/22
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hamotcole Ventures INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and operates modern healthcare clinics to provide primary care, imaging, lab, and rehabilitation services to underserved rural communities in north-central Pennsylvania.

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Provided by the organization

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2 programs · $599K · in their own filed words · FY2021
01

Hamotcole's port alleghany facility continues to house a very robust primary care practice including pediatrics, cardiology, podiatry, OB/GYN, telemedicine, laboratory, imaging, rehabilitation and wellness and mental health services. This facility is a valued asset to this remote rural community.

$452Kprogram expense
02

Hamotcole expanded its presence in the region by constructing a 7,650 square foot health care clinic in shinglehouse, pennsylvania, which includes primary care offices, imaging, laboratory and rehabilitation services.

$147Kprogram expense

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$592K
Fees for services$592K
Money out
$599K
Programs$599K
Owns and owes
$6.1M
net assets
Total assets$6.1M
Liabilities$0
People
18
listed
Paid0
Voting board13
Independent8
2In more detail
Revenue in detail
Fees for services$592K
Total revenue$592K
Assets in detailEnd of year
Total assets$6.1M
Liabilities$0
Net assets$6.1M
Operations
Employees0
Volunteers23
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $592K$599K−$8K$6.1M 990 PDF
FY2021 $592K$605K−$13K$6.1M 990 PDF
FY2020 $517K$492K$25K$6.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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