New York Hospital Cornell Medical Center Fund Inc
- Assets
- $237.5m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1958
- Data as of
- 06/2022
- EIN
- 13-6094042
Organization Overview
New York Hospital Cornell Medical Center Fund Inc is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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 Hospital Cornell Medical Center 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 06/2022, New York Hospital Cornell Medical Center Fund Inc generated $20.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Hospital Cornell Medical Center Fund Inc has awarded 18 individual grants totaling $76,014,193. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND CONTRIBUTIONS FOR THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY
SUPPORT OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Weinberg President | OfficerTrustee | 1 | $0 |
Robert S Harrison Vice President | OfficerTrustee | 1 | $0 |
Andrew H Tisch Vice President | OfficerTrustee | 1 | $0 |
Steven O Newhouse Vice President | OfficerTrustee | 1 | $0 |
Stephen M Cohen Treasurer | Officer | 1 | $0 |
Kathleen M Burke Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,122 |
| Total Program Service Revenue | $0 |
| Investment income | $864,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,884,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,911,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,216,792 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,000 |
| Fees for services: Legal | $1,765 |
| Fees for services: Accounting | $73,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,200 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,576,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $591,710 |
| 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 | $236,754,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,549,829 |
| Accounts payable and accrued expenses | $72,293 |
| 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 | $25 |
| Total liabilities | $72,318 |
| Net assets without donor restrictions | $5,669,174 |
| Net assets with donor restrictions | $231,808,337 |
| 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 | $237,549,829 |
Grants Awarded
Over the last fiscal year, New York Hospital Cornell Medical Center Fund Inc has awarded $7,216,792 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEILL MEDICAL COLLEGE OF CORNELL UNIV PURPOSE: PROGRAM SERVICES EXP | $4,877,022 |
New York, NY PURPOSE: PROGRAM SERVICES EXP | $2,339,770 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that New York Hospital Cornell Medical Center Fund Inc has recieved totaling $954,100.
| Awarding Organization | Amount |
|---|---|
Alzheimers Disease Research Foundation Wellesley Hills, MA PURPOSE: DEVELOPMENT OF HUMAN CGAS INHIBITORS TO TREAT ALZHEIMER'S DISEASE | $250,000 |
Alzheimers Disease Research Foundation Wellesley Hills, MA PURPOSE: ROLE OF MICROGLIA IN DEGRADATION AND TRIMMING OF ALZHEIMER'S AMYLOID BETA | $172,500 |
Alzheimers Disease Research Foundation Wellesley Hills, MA PURPOSE: BRAIN ENTRY AND EXIT CONSORTIUM: LYMPHATICS AND CNS FLUID HOMEOSTASIS | $172,500 |
| $105,000 | |
Ty Louis Campbell Foundation Inc Carmel, NY PURPOSE: TO SUPPORT THE CHILDREN'S BRAIN TUMOR PROJECT GOAL TO BRING HOPE TO THE HUNDREDS OF PATIENTS AND FAMILIES EACH YEAR WHO CONFRONT THESE HEARTBREAKING DIAGNOSES. THE GROUNDBREAKING RESEARCH INITIATIVE FOCUSES ON RESEARCHING AND TESTING ALTERNATIVE THERAPEUTIC DELIVERY SYSTEMS FOR OTHER INOPERABLE BRAIN CANCERS, SUCH AS DIPG. | $102,500 |
Governing Council Of The University Of Toronto PURPOSE: Research | | $75,000 |
Endowment Analysis
| Beg. Balance | $247,203,165 |
| Earnings | -$2,546,965 |
| Admin Expense | $124,019 |
| Net Contributions | $162,122 |
| Grants | $7,216,792 |
| Ending Balance | $237,477,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |