The Health Science Center At
- Assets
- $288.4m
- Revenue
- $209.5m
- Investments
- $43.5m
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 10/1977
- Data as of
- 07/2021
- EIN
- 11-2418771
Organization Overview
The Health Science Center At is located in Brooklyn, NY. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Science Center At 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 07/2021, Health Science Center At generated $209.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $206.2m during the year ending 07/2021. While expenses have increased by 47.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 ESTABLISH, OPERATE, MANAGE, PROMOTE, AND CULTIVATE EDUCATIONAL RELATED ACTIVITIES FOR THE STUDENTS AND FACULTY OF THE SUNY DOWNSTATE HEALTH SCIENCES UNIVERSITY AND TO AID THE STUDENTS, FACULTY, AND ADMINSTRATION. IN ADDITION, TO UPGRADE AND EXPAND THE FACILITIES TO ADVANCE THE INSTITUTION'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY 2011, THE ORGANIZATION FORMED STAFFCO OF BROOKLYN, LLC (STAFFCO), A PROFESSIONAL EMPLOYER ORGANIZATION TO THE STATE UNIVERSITY OF NEW YORK DOWNSTATE HEALTH SCIENCES UNIVERSITY (SUNY DHSU). IN APRIL 2017 AND JANUARY 2018, TWO ADDITIONAL STAFFCO ENTITIES WERE ADDED - STAFFCO SOUTHAMPTON AND STAFFCO EASTERN LONG ISLAND, RESPECTIVELY. IN JUNE 2021, STAFFCO CPMP WAS ADDED. FOR TAX PURPOSES, ALL STAFFCO ENTITIES ARE TREATED AS DISREGARDED ENTITIES OF THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC.
THE HSCB FOUNDATION SUPPORTS THE RECRUITMENT OF ADMINSTRATIVE POSITIONS AT DOWNSTATE HEALTH SCIENCES UNIVERSITY. IN ADDITION, CONSULTING SERVICES INCLUDING PUBLIC RELATIONS, ADVICE ON FUNDRAISING, STUDENT PSYCHOLOGICAL EVALUATIONS, ORGANIZATIONAL IMPROVEMENTS, AND LEGAL SERVICES ARE PROVIDED BY THE FOUNDATION. THE ORGANIZATION ALSO OPERATES RENTAL PROPERTIES, AND A FACULTY AND STUDENT PARKING LOT ON THE SUNY DOWNSTATE CAMPUS.
THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION HOLDS SEVERAL MEDICAL AND SCIENTIFIC SYMPOSIUMS AND CONFERENCES ON CAMPUS. THESE CONFERENCES ARE OPEN TO THE PUBLIC AS WELL AS TO MEMBERS OF THE MEDICAL AND SCIENTIFIC COMMUNITY. IN ADDITION, THE FOUNDATION PROVIDES SUPPORT TO THE FACULTY THAT ARE INVITED AS SPEAKERS FOR SYMPOSIUMS AND CONFERENCES THAT ARE HELD OFF-CAMPUS AND FOR PROFESSIONAL MEETINGS. THE FOUNDATION ALSO PROVIDES SUPPORT FOR PROFESSIONAL PROGRAMS AND EXAMS THAT WILL FURTHER THE DEVELOPMENT OF THE FACULTY. THE FOUNDATION PROVIDES SUPPORT TO SEVERAL COMMUNITY, DEPARTMENT, AND CITY-WIDE PROGRAMS. SOME OF THOSE PROGRAMS ARE BROOKLYN FREE CLINIC, THE CHILDREN'S CENTER AT BROOKLYN, INFANT AND CHILD LEARNING CENTER, AND THE ARTHUR ASHE INSTITUTE.
SCHOLARSHIPS AND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Schultheis Chief Financial Officer, Staffco Of Bklyn D/b/a So | Officer | 37.5 | $345,360 |
William J Mesner SVP Of Finance, Staffco Of Bklyn D/b/a Elih Peo | Officer | 37.5 | $255,969 |
Bernard Ellison Controller Staffco Bklyn | Officer | 30 | $221,793 |
Dr Wayne J Riley President | OfficerTrustee | 0.5 | $190,000 |
Dr Luther T Clark Chair Chair | OfficerTrustee | 0.5 | $0 |
Dr F Charles Brunicardi Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting | 7/30/21 | $861,828 |
Cbre Inc Property Development | 7/30/21 | $1,155,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,511,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,511,335 |
| Total Program Service Revenue | $201,496,488 |
| Investment income | $1,110,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,601,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,468,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $229,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,446,615 |
| Pension plan accruals and contributions | $12,742,703 |
| Other employee benefits | $28,682,584 |
| Payroll taxes | $9,951,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $417,863 |
| Fees for services: Other | $1,908,236 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $910,410 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,223 |
| Interest | $584,254 |
| Payments to affiliates | $190,806 |
| Depreciation, depletion, and amortization | $1,412,618 |
| Insurance | $1,977,236 |
| All other expenses | $17,741 |
| Total functional expenses | $206,240,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,343,239 |
| Savings and temporary cash investments | $15,943,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,950,314 |
| 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 | $225,471 |
| Net Land, buildings, and equipment | $72,033,480 |
| Investments—publicly traded securities | $105,525,450 |
| Investments—other securities | $43,508,608 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,878,524 |
| Total assets | $288,409,019 |
| Accounts payable and accrued expenses | $34,620,502 |
| 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 | $49,934,087 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,788,986 |
| Total liabilities | $108,343,575 |
| Net assets without donor restrictions | $96,216,973 |
| Net assets with donor restrictions | $83,848,471 |
| 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 | $288,409,019 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Health Science Center At has recieved totaling $46,049.
| Awarding Organization | Amount |
|---|---|
Greater New York Hospital Foundation Inc New York, NY PURPOSE: COVID SUPPORT | $46,049 |
Endowment Analysis
| Beg. Balance | $26,128,517 |
| Earnings | $6,823,047 |
| Ending Balance | $32,951,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern New Hampshire University Manchester, NH | $1,413,400,967 | $1,091,579,648 |
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
College Board New York, NY | $1,954,390,358 | $983,201,971 |
Boehringer Ingelheim Cares Foundation Inc Ridgefield, CT | $131,142,029 | $800,176,529 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Nyc School Support Services Inc New York, NY | $89,153,904 | $637,449,387 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Ohio State University Physicians Inc Columbus, OH | $280,155,333 | $606,816,333 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |