Northern Westchester Hospital Center Foundation Inc
- Assets
- $67.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Westbury, NY
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 13-4067064
Organization Overview
Northern Westchester Hospital Center Foundation Inc, operating under the name Center Foundation Inc, is located in Westbury, NY. The organization was established in 1999. 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. As of 12/2022, Center Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center 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 12/2022, Center Foundation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 13.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE FUNDRAISING ARM OF THE NORTHERN WESTCHESTER HOSPITAL ASSOCIATION (NWH). THE FOUNDATION SUPPORTS NWH THROUGH ANNUAL FUNDRAISING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO SOLICIT CONTRIBUTIONS THROUGH FUND-RAISING EVENTS, DIRECT CONTRIBUTIONS & PLEDGES. FUNDS RAISED BY THE FOUNDATION HAVE MADE POSSIBLE THE NEW DAVID AND MARY BOIES EMERGENCY DEPARTMENT, THE NEW CANCER TREATMENT AND WELLNESS CENTER, THE NEW DA VINCI ROBOTIC SURGICAL SYSTEM, AN ENDOWMENT FOR THE CONTINUED EDUCATION AND TRAINING OF NURSES, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS. THE FUNDS COLLECTED ARE DISTRIBUTED ACCORDING TO THE DONORS' INTENTIONS, TO NWH TO ASSIST WITH THE VARIOUS ONGOING RESEARCH PROJECTS, COMMUNITY OUTREACH PROGRAMS AND OTHER CHARITABLE ENDEAVORS AS ESTABLISHED BY ITS BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Reimers Trustee/dir Northwell | Trustee | 0 | $0 |
Kenneth Goldstein Trustee/md Northwell | Trustee | 0 | $0 |
Derek Anderson Trustee/ed Northwell | Trustee | 0 | $0 |
Ranjana Chaterji Trustee/md Northwell | Trustee | 0 | $0 |
Sherri Sandel Trustee/md Northwell | Trustee | 0 | $0 |
Keeva Young-Wright Trustee/vp Northwell | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,704,454 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,219,355 |
| Noncash contributions included in lines 1a–1f | $35,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,923,809 |
| Total Program Service Revenue | $0 |
| Investment income | $268,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$879,123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,319,003 |
| 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. | $196,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,301 |
| Pension plan accruals and contributions | $80,056 |
| Other employee benefits | $176,646 |
| Payroll taxes | $67,002 |
| Fees for services: Management | $50,980 |
| 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 | $42,361 |
| Advertising and promotion | $7,639 |
| Office expenses | $65,664 |
| 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 | $12,232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,578 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,522,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,734,596 |
| Savings and temporary cash investments | $4,035,666 |
| Pledges and grants receivable | $10,467,549 |
| 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 | $751,777 |
| Investments—publicly traded securities | $33,297,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,286,840 |
| Accounts payable and accrued expenses | $168,814 |
| 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 | $8,641,230 |
| Total liabilities | $8,810,044 |
| Net assets without donor restrictions | -$2,212,981 |
| Net assets with donor restrictions | $60,689,777 |
| 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 | $67,286,840 |