New York Eye And Ear Infirmary Foundation
- Assets
- $11.2m
- Revenue
- $451.5k
- Investments
- $11.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 13-4012469
Organization Overview
New York Eye And Ear Infirmary Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Eye And Ear Infirmary Foundation 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 12/2023, New York Eye And Ear Infirmary Foundation generated $451.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $905.6k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Crowley President | 1 | $0 | |
Charlie Figliozzi Vice President | 1 | $0 | |
Edward Nowak Trustee | 1 | $0 | |
James Kempner Trustee | 1 | $0 | |
Sorrell Mathes Trustee | 1 | $0 | |
Sheldon Gordon Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $399,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,674 |
| Capital Gain Net Income | $112,802 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $451,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $94,533 |
| Contributions, gifts, grants paid | $811,111 |
| Total expenses and disbursements | $905,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,163 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,170,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48 |
| Total liabilities | $48 |
Grants Awarded
Over the last fiscal year, New York Eye And Ear Infirmary Foundation has awarded $811,111 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE FOUNDATION FIGHTING BLINDNESS PURPOSE: IDENTIFYING MECHANISMS OF STARGARDT DISEASE FROM ZEBRAFISH MODELS | $75,000 |
COLUMBIA UNIVERSITY PURPOSE: DR. TSANG FUND - RETINITIS PIGMENTOSA RESEARCH | $75,000 |
THE NEW YORK EYE AND EAR INFIRMARY PURPOSE: PROVIDE FUNDS TO SUPPORT RESEARCH OF CERTAIN EYE AND ENT ILLNESSES IN THE HOPES OF FINDING BETTER TREATMENT METHODS OR A POSSIBLE CURE. | $561,111 |
WEILL CORNELL MEDICINE PURPOSE: PROVIDE FUNDS TO ONE OF THE NATION'S TOP-RANKED MEDICAL AND GRADUATE SCHOOLS | $100,000 |