Brooklyn Hospital Foundation Inc
- Assets
- $7.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 11-2936410
Organization Overview
Brooklyn Hospital Foundation Inc is located in Brooklyn, NY. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Hospital 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, Brooklyn Hospital Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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 SUPPORT THE BROOKLYN HOSPITAL CENTER'S MISSION OF PROVIDING OUTSTANDING HEALTH SERVICES, EDUCATION, AND RESEARCH TO KEEP PEOPLE OF BROOKLYN AND GREATER NEW YORK HEALTHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS FOR THE BROOKLYN HOSPITAL DEVELOPMENT PROGRAM AND HELP PAY FOR HEALTH AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armand P Asarian MD Vice Chair | OfficerTrustee | 1 | $0 |
Harry Dym Co-Chair | OfficerTrustee | 1 | $0 |
Debbie Niederhoffer Vice President | OfficerTrustee | 60 | $0 |
Dino Veronese Co-Chair | OfficerTrustee | 1 | $0 |
Gary Terrinoni President & CEO | OfficerTrustee | 1 | $0 |
Bernard Drayton Secretary | OfficerTrustee | 1 | $0 |
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 | $1,838,754 |
| Noncash contributions included in lines 1a–1f | $69,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,838,754 |
| Total Program Service Revenue | $0 |
| Investment income | $102,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,360,785 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,972 |
| Payroll taxes | $31,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,464 |
| Fees for services: Investment Management | $10,577 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $92,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $28,794 |
| Total functional expenses | $2,409,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,598,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $387,700 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,807,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,793,909 |
| 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 | $67,600 |
| Total liabilities | $67,600 |
| Net assets without donor restrictions | $3,756,891 |
| Net assets with donor restrictions | $3,969,418 |
| 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 | $7,793,909 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Brooklyn Hospital Foundation Inc has recieved totaling $1,441,450.
| Awarding Organization | Amount |
|---|---|
Hamm Family Foundation Inc Essex, CT PURPOSE: FOR OPERATIONS | $850,000 |
Roots And Wings Foundation Inc Seattle, WA PURPOSE: STRONG KIDS, COMMUNITIES, AND MINDS | $375,000 |
Impactassets Inc Bethesda, MD PURPOSE: CARDIAC CATHETERIZATION LABORATORY EXPANSION | $200,000 |
Healthfirst Foundation Inc New York, NY PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,750 |
William Sloane Jelin Charitable Foundation 52-016021 Los Angeles, CA PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |