Calvary Fund Inc
- Assets
- $41.5m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Bronx, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 13-3259649
Organization Overview
Calvary Fund Inc is located in Bronx, NY. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Calvary Fund Inc employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Calvary Fund 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, Calvary Fund Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.5m 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 RAISE PUBLIC FUNDS TO SUPPORT CALVARY HOSPITAL'S TAX-EXEMPT MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O. THE CALVARY FUND, INC. ("THE FUND") WAS INCORPORATED ON JANUARY 7, 1985 AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK. THE FUND'S PURPOSE IS TO SOLICIT, ACCEPT, AND RECEIVE REAL AND PERSONAL PROPERTY AND TO COLLECT INCOME, THEREFROM, TO BE APPLIED EXCLUSIVELY FOR ANY HEALTH RELATED CHARITABLE ORGANIZATION AFFILIATED WITH THE ROMAN CATHOLIC ARCHDIOCESE OF NEW YORK. ALL EXPENSES INCURRED TO FURTHER THE FUND'S FUNDRAISING ENDEAVORS ARE ALLOCATED TO PART IX, COLUMN (D) AND THEREFORE, ONLY THE FUND'S ANNUAL CONTRIBUTION ($1,905,000 IN 2021) TO ITS SUPPORTED ORGANIZATION, CALVARY HOSPITAL, IS REPORTED AS A PROGRAM SERVICE EXPENSE. ALL EXPENSES REPORTED IN COLUMN (D) SHOULD, LIKEWISE BE CONSIDERED PROGRAM SERVICE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Barr Exec. Vp/treasurer/secretary | Officer | 37 | $414,029 |
Elizabeth Kougasian Director, Major & Planned | Officer | 37 | $171,691 |
Tricia Reyes Director Of Annual Giving | 37 | $152,927 | |
Jacqueline Compton Major Gifts Officer | Officer | 37 | $146,862 |
Carlos M Hernandez Chairman | OfficerTrustee | 1 | $0 |
Eileen T Nugent ESQ Vice-Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mines Press Inc Direct Mail | 12/30/21 | $308,378 |
David E Munshine Fundraising | 12/30/21 | $285,080 |
Whittier & Associates Inc Fundraising | 12/30/21 | $236,463 |
Empire Cms Consulting | 12/30/21 | $130,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $494,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,180,576 |
| Noncash contributions included in lines 1a–1f | $407,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,674,635 |
| Total Program Service Revenue | $0 |
| Investment income | $2,927,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$209,600 |
| Net Income from Gaming Activities | $2,065 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,394,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,905,000 |
| 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. | $447,603 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $860,971 |
| Pension plan accruals and contributions | $100,837 |
| Other employee benefits | $207,546 |
| Payroll taxes | $79,643 |
| Fees for services: Management | $38,033 |
| Fees for services: Legal | $15,427 |
| Fees for services: Accounting | $92,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $600,431 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,298 |
| Travel | $1,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,293 |
| All other expenses | $240,448 |
| Total functional expenses | $5,540,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,022,100 |
| 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 | $246,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,960,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,461,500 |
| Accounts payable and accrued expenses | $1,001,500 |
| 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 | $1,256,200 |
| Total liabilities | $2,257,700 |
| Net assets without donor restrictions | $2,031,400 |
| Net assets with donor restrictions | $37,172,400 |
| 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 | $41,461,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Calvary Fund Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Quentin J Kennedy Foundation Tenafly, NJ PURPOSE: CHARITABLE | $10,000 |
Endowment Analysis
| Beg. Balance | $32,313,700 |
| Earnings | $4,306,000 |
| Net Contributions | $1,207,700 |
| Grants | $655,000 |
| Ending Balance | $37,172,400 |
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 |