Nassau Health Care Foundation Inc
- Assets
- $5.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- East Meadow, NY
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 11-2033858
Organization Overview
Nassau Health Care Foundation Inc is located in East Meadow, NY. The organization was established in 1965. As of 12/2021, Nassau Health Care Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau Health Care Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nassau Health Care Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GENERAL SUPPORT TO THE NEEDS AND OBJECTIVES OF THE NASSAU HEALTH CARE CORPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CASE MANAGEMENT GRANT-TO PROVIDE MEDICAL CASE MANAGEMENT SERVICES FOR INDIVIDUALS WITH HIV INFECTION.
MENTAL HEALTH GRANT- TO PROVIDE MENTAL HEALTH SERVICES TO INDIVIDUALS WITH HIV INFECTION.
LINKAGE, RETENTION AND TREATMENT ADHERENCE SERVICES - TO PROVIDE A RANGE OF CLIENT CENTERED SERVICES THAT LINK HIV/AIDS CLIENTS WITH HEALTH CARE , PSYCHOSOCIAL AND OTHER SERVICES . ALSO INCLUDES TREATMENT ADHERENCE COUNSELING FOR ADHERENCE TO COMPLEX HIV/AIDS TREATMENTS.
NHCF'S PRIMARY PURPOSE IS LIMITED TO SUPPORTING, MAINTAINING, AND OTHERWISE BENEFITING AND BEING RESPONSIVE TOT HE NEEDS AND OBJECTIVES OF NASSAU HEALTH CARE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Veneziano Chief Financial Officer | Officer | 35 | $145,000 |
Robert Detor Chairman (term 5/28/2021) | OfficerTrustee | 1 | $0 |
Edward Farbenblum Chairman (from 5/29/2021-3/4/2022) | OfficerTrustee | 1 | $0 |
Matthew J Bruderman Chairman (as Of 3/4/2022) | OfficerTrustee | 1 | $0 |
Anthony Boutin MD Board Member | Trustee | 1 | $0 |
Steve Cohen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $592,076 |
| Government grants | $189,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $797,351 |
| Total Program Service Revenue | $945,769 |
| Investment income | $9,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,757,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,784 |
| Compensation of current officers, directors, key employees. | $160,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,000 |
| Pension plan accruals and contributions | $2,100 |
| Other employee benefits | $0 |
| Payroll taxes | $18,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $994,278 |
| Advertising and promotion | $0 |
| Office expenses | $16,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $358,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,917 |
| Insurance | $26,216 |
| All other expenses | $7,955 |
| Total functional expenses | $2,053,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,684 |
| Savings and temporary cash investments | $1,177,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,357 |
| Net Land, buildings, and equipment | $1,829 |
| Investments—publicly traded securities | $3,803,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,049,363 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,230,810 |
| Net assets with donor restrictions | $2,818,553 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,049,363 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nassau Health Care Foundation Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Pink Aid Inc Westport, CT PURPOSE: COMPASSIONATE CARE TO SUPPORT BREAST CANCER PATIENTS | $35,000 |
Endowment Analysis
| Beg. Balance | $48,830 |
| Ending Balance | $48,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $30,681,512 | $10,948,061 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,049,363 | $1,757,395 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $983,260 | $1,749,781 |
Reliant Foundation Inc Worcester, MA | $31,984,712 | $1,697,308 |
Corporation For Advancement Of Medical Technologies Boston, MA | $930,204 | $1,270,027 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $3,890,734 | $298,980 |
Renfrew Center Foundation Philadelphia, PA | $340,281 | $262,225 |
Mcgrorty Foundation Inc Brewster, NY | $4,472,622 | $572,849 |
The Albert And Lin Bildner Foundation Inc New York, NY | $892,022 | $85,297 |
American Federation For Medical Research Foundation Beverly, MA | $162,209 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $128,337 | $0 |