Montefiore Nyack Hospital Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Nyack, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 13-3245804
Organization Overview
Montefiore Nyack Hospital Foundation Inc is located in Nyack, NY. The organization was established in 1985. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Montefiore Nyack Hospital Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore Nyack 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, Montefiore Nyack Hospital Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $564.5k 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 BUILD ENDURING COMMUNITY RELATIONSHIPS THAT PROMOTE AND FINANCIALLY SUPPORT MONTERFIORE NYACK'S COMPREHENSIVE STATE-OF-THE-ART MEDICAL CARE AND EXCEPTIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTEFIORE NYACK FOUNDATION IS THE FUNDRAISING ARM OF THE HOSPITAL. ESTABLISHED IN 1985, THE FOUNDATION IS DEDICATED TO BUILDING MEANINGFUL RELATIONSHIPS BETWEEN HOSPITAL AND THE COMMUNITY, WHILE ALSO SEEKING PHILANTHROPIC DOLLARS TO HELP MONTEFIORE NYACK HOSPITAL ACHIEVE AND MAINTAIN THE HIGHEST LEVEL OF CARE FOR THE PATIENTS AND COMMUNITY MEMBERS WHO COUNT ON US AS THEIR COMMUNITY HOSPITAL. BECAUSE OF COMMUNITY SUPPORT, WE WERE ABLE TO PROVIDE STATE-OF-THE-ART MEDICAL CARE, EXCEPTIONAL PROGRAMS AND OUTSTANDING PATIENT EXPERIENCES. OUR COMMUNITY SUPPORT ENSURES THAT OUR HEALTHCARE TEAM STAYS ON THE LEADING EDGE OF TREATMENT AND TECHNOLOGY, PROVIDING THE BEST OF CARE, CLOSE TO HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie D Mclee Exec Director | Officer | 50 | $152,517 |
Frank Borelli Jr Vice Chair | OfficerTrustee | 1 | $0 |
Mark Jacobs Chair | OfficerTrustee | 1 | $0 |
Mark Geller MD President & CEO | OfficerTrustee | 1 | $0 |
Cynthia Branca Secretary | OfficerTrustee | 1 | $0 |
John S Burke Treasurer/cfo | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,200,628 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,510 |
| Noncash contributions included in lines 1a–1f | $9,842 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,519,138 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$177,615 |
| Net Income from Gaming Activities | $19,275 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,360,847 |
| 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. | $206,555 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,842 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $788 |
| Advertising and promotion | $0 |
| Office expenses | $22,963 |
| Information technology | $18,446 |
| 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 | $175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $261,611 |
| Total functional expenses | $564,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,305,990 |
| Pledges and grants receivable | $93,719 |
| Accounts receivable, net | $13,202 |
| 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 | $139,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $596,963 |
| Total assets | $3,149,508 |
| Accounts payable and accrued expenses | $5,747 |
| 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 | $291,262 |
| Total liabilities | $297,009 |
| Net assets without donor restrictions | $1,256,449 |
| Net assets with donor restrictions | $1,596,050 |
| 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 | $3,149,508 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Montefiore Nyack Hospital Foundation Inc has recieved totaling $106,375.
| Awarding Organization | Amount |
|---|---|
National Council For Community Development Inc Brooklyn, NY PURPOSE: OPERATING SUPPORT | $25,000 |
Bernard And Anne Spitzer Charitable Tr New York, NY PURPOSE: GENERAL PURPOSE | $25,000 |
White Plains Hospital Medical Center White Plains, NY PURPOSE: Sponsorship | $20,000 |
Montefiore Medical Center Bronx, NY PURPOSE: SPONSORSHIP | $15,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,825 |
St Lukes Cornwall Hospital Newburgh, NY PURPOSE: sponsorship | $6,000 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Ending Balance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Jeanes Hospital Philadelphia, PA | $0 | $90,864,313 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Lehigh Valley Hospital - Coordinated Health Allentown Allentown, PA | $172,900,540 | $112,544,100 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |
Aurelia Osborn Fox Memorial Hospital Society Oneonta, NY | $63,274,804 | $82,131,187 |
Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |