New York And Presbyterian Hospitals Healthcare System Inc
- Assets
- $3.7m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 13-3792361
Organization Overview
New York And Presbyterian Hospitals Healthcare System Inc is located in New York, NY. The organization was established in 1998. 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. New York And Presbyterian Hospitals Healthcare System 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, New York And Presbyterian Hospitals Healthcare System Inc generated $13.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $13.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New York And Presbyterian Hospitals Healthcare System Inc has awarded 51 individual grants totaling $4,054,581. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COORDINATES MEMBERSHIP IN THE NYP HEALTHCARE SYSTEM, WHICH IS AN UNINCORPORATED FEDERATION OF SEPARATELY LICENSED TAX EXEMPT HEALTHCARE ORGANIZATIONS IN THE NY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC.("SYSTEM INC.") COORDINATES MEMBERSHIP IN THE NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, WHICH IS AN UNINCORPORATED FEDERATION OF SEPARATELY LICENSED TAX EXEMPT HEALTHCARE ORGANIZATIONS("SYSTEM MEMBERS") IN THE NEW YORK METROPOLITAN AREA, EACH OF WHICH OPERATES TO PROMOTE HEALTHCARE QUALITY IMPROVEMENT AND ENHANCE MEDICAL EDUCATION AND RESEARCH FOR ITS COMMUNITY. SYSTEM, INC.'S PROGRAM SERVICES PRIMARILY CONSIST OF PROVIDING EDUCATIONAL AND INFORMATIONAL PROGRAMS DESIGNED TO PROMOTE HEALTHCARE QUALITY IMPROVEMENT, EDUCATION AND RESEARCH. SYSTEM MEMBERS ARE MANAGED AND OPERATED BY SEPARATE NON-PROFIT CORPORATIONS AND ARE RESPONSIBLE FOR THEIR OWN OPERATIONS, ASSETS AND OBLIGATIONS. SYSTEM INC. HAS NO LEGAL AUTHORITY OVER SUCH OPERATIONS OR ASSETS OR RESPONSIBILITY FOR SUCH OBLIGATIONS. SYSTEM, INC. DOES NOT PROVIDE HEALTHCARE AND HAS NO EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buck Global Llc Consulting | 12/30/20 | $112,525 |
Thompson Bender Llc Media Consulting | 12/30/20 | $134,510 |
Rubenstein Communications Inc Strategic Consulting | 12/30/20 | $217,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $604,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,500 |
| Total Program Service Revenue | $12,446,906 |
| Investment income | $0 |
| 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 | $13,051,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $604,500 |
| 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. | $5,855,115 |
| Compensation of current officers, directors, key employees. | $2,855,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,495,723 |
| Pension plan accruals and contributions | $584,999 |
| Other employee benefits | $1,251,683 |
| Payroll taxes | $483,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $666,729 |
| Fees for services: Accounting | $75,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,193,494 |
| Advertising and promotion | $0 |
| Office expenses | $82,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $615,336 |
| Travel | $928 |
| 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 | $0 |
| Total functional expenses | $13,051,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,724,021 |
| Total assets | $3,724,021 |
| Accounts payable and accrued expenses | $2,519,170 |
| 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 | $2,519,170 |
| Net assets without donor restrictions | $1,204,851 |
| Net assets with donor restrictions | $0 |
| 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 | $3,724,021 |
Grants Awarded
Over the last fiscal year, New York And Presbyterian Hospitals Healthcare System Inc has awarded $604,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: BIO TERRORISM | $564,500 |
Flushing, NY PURPOSE: BIO TERRORISM | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York And Presbyterian Hospitals Healthcare System Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Pew Charitable Trusts Washington, DC PURPOSE: MATCHING GIFTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Virtua Health Foundation Inc Marlton, NJ | $110,138,193 | $9,123,196 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Indiana Jefferson Radiation Oncology Inc Indiana, PA | $76,804 | $26,313,559 |
Transport Workers Union Roseland, NJ | $16,248,570 | $20,384,690 |
Geisinger Health Danville, PA | $3,255,726,286 | $301,727,565 |
Alyeska Pipeline Service Company Health And Welfare Benefits Trust Pittsburgh, PA | $2,121,654 | $18,868,152 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |