The Hortense And Louis Rubin Center Inc
- Assets
- $139.1k
- Revenue
- $205.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 14-1666792
Organization Overview
The Hortense And Louis Rubin Center Inc is located in Latham, NY. The organization was established in 1987. According to its NTEE Classification (G44) the organization is classified as: Kidney Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hortense And Louis Rubin Center 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, Hortense And Louis Rubin Center Inc generated $205.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $11.7m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CENTER IS TO RECEIVE, HOLD, INVEST AND ADMINISTER FUNDS (INCLUDING BEQUESTS AND CONTRIBUTIONS) AND DISTRIBUTE OR DONATE SUCH FUNDS FOR CHARITABLE ACTIVITIES. ALL PROGRAM AND GENERAL EXPENSES ARE RELATED TO SUPPORTING THE PREVENTION, MANAGEMENT AND TREATMENT OF KIDNEY DISEASE AND ASSOCIATED CO-MORBIDITIES OF KIDNEY DISEASE.
ANNUAL CONTRIBUTION/DISTRIBUTION OF AT LEAST $750,000 MADE BY THE CENTER TO THE ENDOWED HORTENSE & LOUIS RUBIN COMMUNITY HEALTH FUND (RUBIN HEALTH FUND), ESTABLISHED BY AND UNDER THE SUPERVISION OF THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION, INC. (COMMUNITY FOUNDATION), PROVIDES FUNDING FOR GRANT AWARDS TO 501(C)(3) ORGANIZATIONS CONSISTENT WITH THE CENTER'S CHARITABLE PURPOSES. FOR CALENDAR YEAR 2021, THE RUBIN HEALTH FUND APPROVED/PROVIDED TWELVE 501(C)(3) ORGANIZATIONS GRANTS, TOTALING $466,460, ADDRESSING KIDNEY DISEASE AND ASSOCIATED CO-MORBIDITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Koester Vice President | 0 | $0 | |
Neil Roberts President | 0 | $0 | |
Robert J Sofarelli Director | 0 | $0 | |
Helen Endres Secretary | 0 | $0 | |
Richard Iannello Director | 0 | $0 | |
John Rodat Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $108,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,992 |
| Capital Gain Net Income | $95,992 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,123 |
| Total Revenue | $205,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $835 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,294 |
| Total operating and administrative expenses | $59,319 |
| Contributions, gifts, grants paid | $11,677,237 |
| Total expenses and disbursements | $11,736,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,195 |
| Savings and temporary cash investments | $132,264 |
| 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 | $683 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $139,142 |
| Accounts payable and accrued expenses | $29,446 |
| 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 | $0 |
| Total liabilities | $29,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Kidney Foundation Inc New York, NY | $39,139,692 | $42,831,006 |
Kidneylife Foundation Inc Greenwich, CT | $20,942,219 | $23,243,774 |
The Hortense And Louis Rubin Center Inc Latham, NY | $139,142 | $205,495 |
The Ruth Gottscho Kidney Foundation C/O Judy Eichinger Teaneck, NJ | $0 | $91,159 |
Uplifting Athletes Inc Doylestown, PA | $344,744 | $868,995 |
Kidney & Urology Foundation Of America Inc Staten Island, NY | $91,206 | $0 |
Trans-Atlantic Renal Council Inc Jackson, NJ | $134,451 | $355,667 |
Kidney Foundation Of Central Pennsylvania Harrisburg, PA | $417,842 | $225,576 |
Kidney Foundation Of Wny Inc Williamsville, NY | $228,780 | $229,267 |
National Kidney Foundation Inc Albany, NY | $7,157 | $9,996 |
Vermont Kidney Association Burlington, VT | $61,880 | $0 |
St Vincents Urology Research Fund Corp Rye, NY | $5,074,574 | $65,190 |