Mother Cabrini Health Foundation
- Assets
- $4.1b
- Revenue
- $547.3m
- Investments
- $3.1b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2018
- Data as of
- 12/2019
- EIN
- 83-0590263
Organization Overview
Mother Cabrini Health Foundation is located in New York, NY. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Mother Cabrini Health Foundation generated $547.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (56.5%) each year. All expenses for the organization totaled $145.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mother Cabrini Health Foundation has awarded 737 individual grants totaling $137,700,498. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Ambrose Chief Investment Officer | 45 | $1,602,119 | |
Gregory Mustaciuolo Chief Executive Officer | 45 | $511,766 | |
Wen Wen Mcelhoe Md Investments | 45 | $488,226 | |
Deborah Konopko Chief Programs Officer | 45 | $451,480 | |
Channon Lucas Chief Administrative Officer | 45 | $344,941 | |
Linzie Steinbach Chief Compliance Officer | 45 | $283,676 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/19 | $406,680 |
Capfinancial Partners Llc | 12/30/19 | $777,652 |
Loeb & Loeb Llp | 12/30/19 | $916,184 |
Bank Of New York Mellon | 12/30/19 | $2,003,559 |
Rockefeller Philanthropy Advisors | 12/30/19 | $2,418,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $497,010,487 |
| Interest on Savings | $585 |
| Dividends & Interest | $28,096,809 |
| Net Rental Income | $888,835 |
| Net Gain on Sale of Assets | $18,880,052 |
| Capital Gain Net Income | $19,231,625 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $547,285,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,518,667 |
| Other employee salaries and wages | $2,130,646 |
| Pension plans, employee benefits | $850,315 |
| Interest | $0 |
| Taxes | $5,053,028 |
| Depreciation | $13,520 |
| Occupancy | $961,135 |
| Travel, conferences, and meetings | $150,663 |
| Printing and publications | $0 |
| Other expenses | $2,962,317 |
| Total operating and administrative expenses | $25,639,614 |
| Contributions, gifts, grants paid | $119,807,523 |
| Total expenses and disbursements | $145,447,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $824,966,278 |
| Net Accounts receivable | $45,408,394 |
| 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 | $16,105,120 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $174,783,146 |
| Net Land, buildings, and equipment | $136,502,668 |
| Other assets | $7,834,124 |
| Total assets | $4,123,252,561 |
| Accounts payable and accrued expenses | $48,063,074 |
| Grants payable | $25,995,455 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $505,394,033 |
| Total liabilities | $579,452,562 |
Grants Awarded
Over the last fiscal year, Mother Cabrini Health Foundation has awarded $137,700,498 in support to 737 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FAMILY GOVERNED HOUSING FOR YOUNG ADULTS WITH AUTISM-ARCHCARE AT ST. TERESA'S | $2,333,335 |
CATHOLIC CHARITIES COMMUNITY SVC ARCHDIO OF NY PURPOSE: MULTI-AREA SERVICE IMPROVEMENTS AND EXPANSIONS | $2,000,001 |
New York, NY PURPOSE: CHILDREN'S SCHOLARSHIP FUND NEW YORK | $2,000,000 |
CATHOLIC CHARITIES BROOKLYN AND QUEENS PURPOSE: DISASTER PREPAREDNESS, SERVICE IMPROVEMENTS, AND PROGRAM EXPANSION SUPPORT | $1,666,668 |
CATHOLIC CHARITIES OF BROOME COUNTY PURPOSE: ENCOMPASS HEALTH HOME: A PASSION FOR HEALTH, COMPASSION FOR ALL | $1,666,668 |
CATHOLIC MANAGED LONG TERM CARE INC PURPOSE: PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY (PACE) | $1,166,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pew Charitable Trusts Philadelphia, PA | $1,299,222,104 | $346,765,756 |
Ayco Charitable Foundation Cohoes, NY | $777,230,000 | $265,174,809 |
Goldman Sachs Charitable Gift Fund New York, NY | $559,798,465 | $263,656,612 |
Mother Cabrini Health Foundation New York, NY | $4,123,252,561 | $547,285,904 |
Kars 4 Kids Inc Lakewood, NJ | $41,137,306 | $95,691,338 |
Bny Mellon Charitable Gift Fund Boston, MA | $219,249,459 | $114,515,572 |
Donors Fund Inc Lakewood, NJ | $5,620,390 | $27,000,911 |
Roswell Park Alliance Foundation Buffalo, NY | $105,267,194 | $26,518,336 |
Boston Charitable Trust Fund Boston, MA | $13,199,861 | $31,296,432 |
Greater Hartford Community Foundation Inc Hartford, CT | $6,782,249 | $19,831,812 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Freedom Fund Brooklyn, NY | $9,289,800 | $16,398,424 |