Ellis Hospital Foundation Inc

Organization Overview

Ellis Hospital Foundation Inc is located in Schenectady, NY. The organization was established in 1983. 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, Ellis Hospital Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellis Hospital 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 12/2021, Ellis Hospital Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION FOR ELLIS MEDICINE IS TO INCREASE PHILANTHROPY, AWARENESS AND ADVOCACY FOR ELLIS MEDICINE TO ENSURE AND SUPPORT QUALITY, LIFESAVING HEALTHCARE IN OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PHILANTHROPIC SUPPORT - THE FOUNDATION FOR ELLIS MEDICINE ENSURES QUALITY HEALTH CARE AND WELLNESS IN OUR COMMUNITY BY RAISING, INVESTING AND DISTRIBUTING FUNDS THAT SUPPORT THE LIFESAVING WORK PERFORMED AT ELLIS MEDICINE. THROUGH THE CHARITABLE GIFTS OF INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, OUR ORGANIZATION HELPS ADVANCE ELLIS MEDICINE'S MISSION TO SERVE THE COMMUNITY. ELLIS WELCOMES GIFTS TO THE FOUNDATION TO MEET MANY NEEDS INCLUDING THE PURCHASE OF STATE-OF-THE-ART MEDICAL EQUIPMENT AND SUPPLIES, SUPPORT HEALTH CARE PROGRAMS THAT SERVICE THE COMMUNITY INCLUDING THE MEDICALLY UNDERSERVED, UPGRADE AND EXPAND FACILITIES AND PROVIDE CONTINUING EDUCATION AND SCHOLARSHIPS FOR OUR NURSES, PHYSICIANS AND STAFF.OF THE MANY ACCOMPLISHMENTS DURING 2021, THE THREE LARGEST INVESTMENTS WERE IN CAPITAL IMPROVEMENTS AND PROGRAM SALARIES. SIGNIFICANT CAPITAL IMPROVEMENTS INCLUDED THE RENOVATION OF EXISTING SPACE ON THE NOTT STREET CAMPUS TO BUILD OUT ELLIS' NEW MEDICAL ONCOLOGY PROGRAM ($1,123,629), A ROSWELL PARK CARE NETWORK MEMBER SITE SERVING THE CANCER NEEDS OF PEOPLE FROM ALL OVER UPSTATE NEW YORK; AND THE CONSTRUCTION AND FURNISHINGS FOR ELLIS' NEW CHILD AND ADOLESCENT CLINIC AT THE STATE STREET HEALTH CENTER ($499,283) TO IMPROVE ACCESS AND EXPAND MENTAL HEALTH TREATMENT SERVICES. THE FOUNDATION ALSO SUCCESSFULLY FUNDED THE SALARIES FOR THE LIVING ROOM ($232,638), AN OUTPATIENT CRISIS DIVERSION PROGRAM LOCATED AT THE STATE STREET HEALTH CENTER. THE LIVING ROOM IS A MISSION-DRIVEN SERVICE THAT HAS PROVEN TO SAVE THE COMMUNITY MORE THAN $1,500,000 A YEAR DIVERTING INDIVIDUALS FROM RELIANCE ON THE EMERGENCY DEPARTMENT, PROVIDING BETTER CARE AT THE RIGHT LOCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Marcia Steiner
Executive Director
$226,186
Karen Mantas
Director Of Advancement
$113,906
Lori Anne Harris
Secretary
$0
Jim Hurley
Vice Chair
$0
James Barnes ESQ
Treasurer
$0
David C Horan Jr
Board Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$309,615
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,930,936
Noncash contributions included in lines 1a–1f $262,544
Total Revenue from Contributions, Gifts, Grants & Similar$5,240,551
Total Program Service Revenue$0
Investment income $178,101
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,079,940
Net Income from Fundraising Events -$37,376
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,461,216

Grants Awarded

Over the last fiscal year, Ellis Hospital Foundation Inc has awarded $2,796,471 in support to 2 organizations.

Grant RecipientAmount

Schenectady, NY

PURPOSE: MEDICAL EQUIP/CLINICAL SERVICES EXP

$2,763,361

VISITING NURSE SERVICE OF NORTHEASTERN NEW YORK

Org PageRecipient Profile

Schenectady, NY

PURPOSE: COMPUTER EQUIPMENT TRAINING AND SUPPORT

$33,110
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Ellis Hospital Foundation Inc has recieved totaling $386,779.

Awarding OrganizationAmount
Mother Cabrini Health Foundation

New York, NY

PURPOSE: EXPANDING ACCESS TO MENTAL HEALTH SUPPORTS FOR AT-RISK CHILDREN, ADOLESCENTS & THEIR FAMILIES

$232,262
Mother Cabrini Health Foundation

New York, NY

PURPOSE: THE LIVING ROOM SERVING LOW-INCOME, AT-RISK INDIVIDUALS IN CRISIS

$105,000
Price Choppers Golub Foundation

Schenectady, NY

PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN

$25,000
The Community Foundation For The Greater Capital Region Inc

Albany, NY

PURPOSE: FOR COVID FLOOR DINNERS, MENTAL HEALTH SUPPORTS, AND UNRESTRICTED USE

$15,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$7,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,022,397
Earnings$1,171,370
Net Contributions$3,418,048
Grants$2,922,759
Ending Balance$18,689,056

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