Hitchcock Foundation
Overview
Mission
The hitchcock foundation's purpose is to aid and advance the study and investigation of human ailments and injuries; and the causes, prevention, relief, and cure thereof; and the study and investigation of problems of hygiene, health and public welfare; and the promotion of medical, (continued on schedule o)
What it reported doing in 2024
The hitchcock foundation provides between 15 and 20 grants per year and sponsors over 300 advised funds that support clinically-oriented research and education activities in furtherance of our mission. Sponsored research funds support discrete clinical and biomedical research projects, and are funded by external sources including corporations and foundations. Advised funds are established by the executive director under the authority of the board of trustees. They are funded with contributions intended to support activities consistent with our charitable mission, particularly clinical research and education. They are not donor-advised funds; rather, the advisers are scientists and clinicians with expertise in the areas of research and education supported by the fund. The foundation also provides funding for research grants and fellowships; amounts awarded range from $1,000 to $125,000 and are awarded on a competitive basis.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 020222139
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Lebanon, NH, USA
- Phone
- 6036505000
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 61
- Accountability: 54
- Sustainability: 78
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.3%; rating input score 76
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 96.8%; rating input score 97; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 45.5%; rating input score 45; 7th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.1%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 17.12; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 10.7%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: -5.5% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -4.6% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 76.3% of revenue deployed · 89% of spending went to programs
- Governance: 5 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.4M in reported program spending
- Leadership: top reported pay $698K · 12 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.8M reported
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 15 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
12 people listed
Highest reported compensation
- Philip Goodney MD (Trustee / Physician): $698,004 total reported compensation
- Nirav Kapadia MD (Trustee / Physician): $681,904 total reported compensation
- Brant Oliver PHD (Trustee / Scientist): $383,588 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.