Floating Hospital Foundation Inc
- Assets
- $1.3m
- Revenue
- $888.0k
- Investments
- $320.3k
- Employees
- 3
- Location
- New York, NY
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 30-0102842
Organization Overview
Floating Hospital Foundation Inc is located in New York, NY. The organization was established in 2003. 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 12/2022, Floating Hospital Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floating 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 12/2022, Floating Hospital Foundation Inc generated $888.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $925.0k during the year ending 12/2022. While expenses have increased by 4.3% 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 ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION THAT RAISES FUNDS FOR AND SUPPORTS THE FLOATING HOSPITAL, INC. THE FLOATING HOSPITAL, INC. IS DEDICATED TO PROVIDING CHARITABLE PRIMARY HEALTH CARE SERVICES TO A LARGELY UNDERSERVED POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES MONEY FOR THE BENEFIT OF FLOATING HOSPITAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Brownie Trustee | Trustee | 1 | $0 |
Ashley Sandberg Trustee | Trustee | 1 | $0 |
Carol E Campbell Outgoing Chair | OfficerTrustee | 1 | $0 |
Carolyn Maloney Trustee | Trustee | 1 | $0 |
Charlene Prounis Trustee | Trustee | 1 | $0 |
Dominick Delorenzo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,227 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $790,416 |
| Noncash contributions included in lines 1a–1f | $399,154 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,643 |
| Total Program Service Revenue | $0 |
| Investment income | $738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,967 |
| 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. | $73,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,237 |
| Pension plan accruals and contributions | $5,898 |
| Other employee benefits | $73,494 |
| Payroll taxes | $7,667 |
| Fees for services: Management | $0 |
| 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 | $63,968 |
| Advertising and promotion | $4,600 |
| Office expenses | $33,231 |
| 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 | $3,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $924,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,593 |
| Savings and temporary cash investments | $13,577 |
| Pledges and grants receivable | $821,458 |
| 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 | $15,800 |
| Net Land, buildings, and equipment | $10,064 |
| Investments—publicly traded securities | $48,362 |
| Investments—other securities | $320,261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,260,115 |
| Accounts payable and accrued expenses | $47,726 |
| 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 | $1,494,027 |
| Total liabilities | $1,541,753 |
| Net assets without donor restrictions | -$574,944 |
| Net assets with donor restrictions | $293,306 |
| 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 | $1,260,115 |
Grants Awarded
Over the last fiscal year, Floating Hospital Foundation Inc has awarded $1,997,430 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FLOATING HOSPITAL PURPOSE: SUPPORT FOR THE FLOATING HOSPITAL, INC. | $1,918,700 |
TFH SERVICES LLC PURPOSE: GENERAL SUPPORT | $78,730 |