Long Island Medical Foundation Inc
- Assets
- $1.6m
- Revenue
- $324.3k
- Investments
- $0.0
- Employees
- 1
- Location
- East Meadow, NY
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 01-0693679
Organization Overview
Long Island Medical Foundation Inc, operating under the name Nuhealth Foundation, is located in East Meadow, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuhealth Foundation 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, Nuhealth Foundation generated $324.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $239.4k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
LONG ISLAND MEDICAL FOUNDATION (LIMF) IS THE NOT-FOR-PROFIT PHILANTHROPIC ARM OF THE NASSAU HEALTH CARE CORPORATION. LIMF IS DEVOTED TO INSPIRE PHILANTHROPIC SUPPORT FOR THE NASSAU UNIVERSITY MEDICAL CENTER, A. HOLLY PATTERSON SKILLED NURSING FACILITY, AND REGIONAL COMMUNITY HEALTH CENTERS BY RAISING AWARENESS OF THE ROLES OF THESE PUBLIC INSTITUTIONS AS THE REGION'S HEALTH CARE SAFETY NET FOR THE MOST VULNERABLE POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LONG ISLAND MEDICAL FOUNDATION (DBA NUHEALTH FOUNDATION) IS A 501(C)(3), NON-PROFIT ORGANIZATION THAT WAS CREATED TO SUPPORT THE MANY CRITICAL PROGRAMS, SERVICES AND DEVELOPMENTS THAT ENABLE THE NUHEALTH SYSTEM TO PROVIDE QUALITY HEALTH CARE TO UNDERSERVED FAMILIES, CHILDREN AND ELDERLY PATIENTS. SUCH PROGRAMS AND SERVICES INCLUDE: OUTREACH AND EDUCATION TO AT-RISK POPULATIONS FOR CONDITIONS SUCH AS OBESITY, BREAST CANCER, DIABETES AND HYPERTENSION; RESEARCH OF EMERGING TRENDS AND TECHNIQUES, PARTICULARLY AS THEY RELATE TO CARING FOR CULTURALLY DIVERSE POPULATIONS; PROGRAMMATIC PROCUREMENT, TRAINING AND OUTREACH FOR ADVANCED MEDICAL EQUIPMENT; PHYSICAL UPGRADES AND EXPANSIONS SUCH AS FEDERALLY QUALIFIED HEALTH CENTER'S THAT PROVIDE HIGH-QUALITY, PERSONALIZED COMMUNITY-BASED HEALTH CARE TO AT-RISK NEIGHBORHOODS.NUHEALTH SYSTEMS INCLUDES NASSAU UNIVERSITY MEDICAL CENTER, WHICH IS A PUBLIC COMMUNITY TEACHING HOSPITAL; A. HOLLY PATTERSON EXTENDED CARE; AND FIVE FAMILY HEALTH CENTERS IN ELMONT, HEMPSTEAD, WESTBURY, ROOSEVELT, AND FREEPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syed Zaki Hossain Chairman | OfficerTrustee | 1 | $0 |
John Brickman Vice Chairman | OfficerTrustee | 1 | $0 |
Tariq Kahn Board Member | Trustee | 1 | $0 |
Paul Trause Board Member | Trustee | 1 | $0 |
Walter Skinner Board Member | Trustee | 1 | $0 |
Bernie Townes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $236,325 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,271 |
| Total Program Service Revenue | $0 |
| Investment income | $6,969 |
| 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 | $2,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,294 |
| 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. | $96,625 |
| Compensation of current officers, directors, key employees. | $28,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,823 |
| 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 | $27,992 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,452 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $239,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,512,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,225 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,574,135 |
| Accounts payable and accrued expenses | $9,315 |
| 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 | $0 |
| Total liabilities | $9,315 |
| Net assets without donor restrictions | $802,910 |
| Net assets with donor restrictions | $761,910 |
| 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 | $1,574,135 |