Hospice Foundation Of Western New York Inc
- Assets
- $58.8m
- Revenue
- $10.0m
- Investments
- $49.0m
- Employees
- 10
- Location
- Cheektowaga, NY
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 22-3137812
Organization Overview
Hospice Foundation Of Western New York Inc is located in Cheektowaga, NY. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hospice Foundation Of Western New York Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Foundation Of Western New York 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, Hospice Foundation Of Western New York Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.0% 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.
Since 2014, Hospice Foundation Of Western New York Inc has awarded 26 individual grants totaling $8,758,889. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
ACCEPTED, ADMINISTERED AND INVESTED ALL CHARITABLE FUNDS ON BEHALF OFHOSPICE & PALLIATIVE CARE BUFFALO, INC., A NOT-FOR-PROFIT ORGANIZATIONUNDER SECTION 501(C)(3), SUPPORTED THE WORK OF HOSPICE, AND SOLICITEDFUNDING FOR FUTURE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Siderakis Vice President Of Foundation | OfficerTrustee | 26.25 | $120,082 |
Christopher Kerr MD Chief Executive Officer | OfficerTrustee | 1 | $0 |
Ryan M Zebro Trustee/chair | OfficerTrustee | 1 | $0 |
Vince J Mancuso Vice Chair | OfficerTrustee | 1 | $0 |
Kevin K Gluc ESQ Trustee/secretary | OfficerTrustee | 1 | $0 |
Cary Sisti Chief Clinical Operations | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $36,864 |
| Membership dues | $0 |
| Fundraising events | $140,895 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,039,521 |
| Noncash contributions included in lines 1a–1f | $135,204 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,217,280 |
| Total Program Service Revenue | $0 |
| Investment income | $4,537,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $791,296 |
| Net Income from Fundraising Events | $447,243 |
| Net Income from Gaming Activities | $8,475 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,001,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,693,917 |
| 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. | $130,751 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $437,208 |
| Pension plan accruals and contributions | $42,592 |
| Other employee benefits | $15,265 |
| Payroll taxes | $45,689 |
| Fees for services: Management | $580,747 |
| Fees for services: Legal | $8,243 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,012 |
| Fees for services: Other | $24,188 |
| Advertising and promotion | $0 |
| Office expenses | $105,422 |
| Information technology | $98,097 |
| Royalties | $0 |
| Occupancy | $37,056 |
| Travel | $497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,451 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,738 |
| Insurance | $0 |
| All other expenses | $29,623 |
| Total functional expenses | $3,469,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,004,772 |
| Savings and temporary cash investments | $316,820 |
| Pledges and grants receivable | $522,724 |
| 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 | $26,110 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,997,025 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936,536 |
| Total assets | $58,803,987 |
| Accounts payable and accrued expenses | $68,459 |
| Grants payable | $0 |
| Deferred revenue | $36,041 |
| 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 | $2,085,742 |
| Total liabilities | $2,190,242 |
| Net assets without donor restrictions | $45,043,317 |
| Net assets with donor restrictions | $11,570,428 |
| 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 | $58,803,987 |
Grants Awarded
Over the last fiscal year, Hospice Foundation Of Western New York Inc has awarded $1,693,917 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Cheektowaga, NY PURPOSE: PROGRAM EXPENSES | $1,278,335 |
Cheektowaga, NY PURPOSE: PROGRAM EXPENSES | $184,807 |
SUPPORTIVE MEDICAL PARTNERS PLLC PURPOSE: PROGRAM EXPENSES | $149,412 |
Cheektowaga, NY PURPOSE: PROGRAM EXPENSES | $60,738 |
Cheektowaga, NY PURPOSE: PROGRAM EXPENSES | $20,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hospice Foundation Of Western New York Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Frank G Raichle Foundation Buffalo, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $39,902,588 |
| Earnings | $4,903,039 |
| Net Contributions | $1,335,506 |
| Other Expense | $1,202,995 |
| Ending Balance | $44,938,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |