Nyu Langone Health System
- Assets
- $246.0m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 2,222
- Location
- New York, NY
- Founding
- 05/2015
- Data as of
- 08/2021
- EIN
- 47-2613531
Organization Overview
Nyu Langone Health System is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 08/2021, Nyu Langone Health System employed 2,222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyu Langone Health System 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 08/2021, Nyu Langone Health System generated $8.9m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE MISSION OF NYU LANGONE HEALTH SYSTEM IS TO SUPPORT THE ACTIVITIES OF ITS SUBSIDIARY INSTITUTIONS AS THEY WORK TO IMPROVE THE HEALTH AND WELFARE OF THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYU LANGONE HEALTH SYSTEM PROVIDED SUPPORT TO NYU LANGONE HOSPITALS ("NYULH") AND NYU GROSSMAN SCHOOL OF MEDICINE IN ORDER TO PROMOTE AND ASSIST THE SUPPORTED ORGANIZATIONS WITH THEIR RESPECTIVE MISSION, GOVERNANCE, POLICY MAKING, AND STRATEGIC PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth G Langone Chair | OfficerTrustee | 1 | $0 |
Laurence D Fink Co-Chair | OfficerTrustee | 1 | $0 |
Fiona B Druckenmiller Co-Chair | OfficerTrustee | 1 | $0 |
Roberto A Mignone Vice Chair | OfficerTrustee | 1 | $0 |
Thomas S Murphy Sr Trustee | Trustee | 1 | $0 |
Robert I Grossman MD Ex-Officio & CEO | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bright Horizons Childrens Center Llc Child Care | 8/30/21 | $4,959,303 |
Crossmedia Inc Advertising | 8/30/21 | $20,604,524 |
Venn Health Partners Llc Consulting | 8/30/21 | $3,320,959 |
Accenture Llp Consulting | 8/30/21 | $2,973,705 |
Kzsw Advertising Advertising | 8/30/21 | $6,649,956 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,933,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,984,210 |
| 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 | $4,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$7,189 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $535,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $9,516,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $40,366,217 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,398,945 |
| Total assets | $245,971,553 |
| Accounts payable and accrued expenses | $86,801,622 |
| 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 | $168,914,391 |
| Total liabilities | $255,716,013 |
| Net assets without donor restrictions | -$9,436,460 |
| Net assets with donor restrictions | -$308,000 |
| 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 | $245,971,553 |
Grants Awarded
Over the last fiscal year, Nyu Langone Health System has awarded $32,826,172 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE CHARITABLE ACTIVITIES AT NYU GROSSMAN SCHOOL OF MEDICINE | $32,801,010 |
Brooklyn, NY PURPOSE: SUPPORT CHARITABLE ACTIVITIES AT COMMUNITY CARE ORGANIZATION, INC. | $25,162 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nyu Langone Health System has recieved totaling $4,027,500.
| Awarding Organization | Amount |
|---|---|
Peter Schub Foundation New York, NY PURPOSE: FURTHER THE MISSION OF PROVIDING THE HIGHEST QUALITY OF PATIENT CARE, RESEARCH, AND EDUCATION IN PSYCHIATRY | $4,000,000 |
Rjl Charitable Foundation Douglaston, NY PURPOSE: GENERAL SUPPORT | $25,000 |
The@deborah And Ronald Eisenberg Family Foundation Inc Springfield, NJ PURPOSE: GENERAL | $1,500 |
Jerome And Phyllis Charney Foundation East Syracuse, NY PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
North Shore-Lij Alliance Inc Westbury, NY | $6,390,042 | $18,631,414 |
St Josephs Health Center Properties Inc Syracuse, NY | $53,413,758 | $12,721,851 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
Nyu Langone Health System New York, NY | $245,971,553 | $8,933,478 |
Saint Barnabas Realty Development Corporation Oceanport, NJ | $105,536,952 | $4,843,393 |
Organon Patient Assistance Program Inc Jersey City, NJ | $0 | $8,297,106 |
Montefiore Hospital Housing Section Ii Inc Bronx, NY | $12,841,652 | $6,647,600 |
Healthcare Quality Strategies Inc East Brunswick, NJ | $11,662,499 | $3,252,425 |
Hudson Center For Health Equity And Quality Inc Tarrytown, NY | $2,027,375 | $2,100,690 |
Integriscript Inc Pittsfield, MA | $2,455,296 | $4,528,618 |
Greater Newark Health Care Coalition Inc West Orange, NJ | $3,098,945 | $4,640,919 |