Metropolitan Jewish Health System Foundation
- Assets
- $112.0m
- Revenue
- $2.3m
- Investments
- $14.2m
- Employees
- 9
- Location
- New York, NY
- Founding
- 04/1941
- Data as of
- 12/2022
- EIN
- 11-1630753
Organization Overview
Metropolitan Jewish Health System Foundation is located in New York, NY. The organization was established in 1941. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2023, Metropolitan Jewish Health System Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Jewish Health System 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, Metropolitan Jewish Health System Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Metropolitan Jewish Health System Foundation has awarded 49 individual grants totaling $47,757,524. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE HEALTH CARE INITIATIVES.
Describe the Organization's Program Activity:
OPERATING UNDER THE NAME MJHS FOUNDATION, THE ORGANIZATION CONTINUES TO DELIVER ON ITS PHILANTHROPIC ROOTS WHICH DATE BACK TO 1907 WHEN THE FOUR BROOKLYN LADIES ESTABLISHED THE CHARITABLE NOT-FOR-PROFIT TO CARE FOR THE FRAIL ELDERLY IN THE COMMUNITY. MJHS FOUNDATION IS COMMITTED TO RAISING THE FUNDS NECESSARY TO OFFSET THE COSTS OF HEALTH AND HEALTH-RELATED PROGRAMS AND SERVICES OFFERED BY THE AFFILIATED AGENCIES OF MJHS HEALTH SYSTEM THAT ARE NOT COVERED OR FULLY REIMBURSED BY GOVERNMENT PROGRAMS OR PRIVATE INSURANCE. TODAY, THE AFFILIATED AGENCIES OF MJHS PROVIDE HOSPICE AND PALLIATIVE CARE FOR ADULTS AND CHILDREN, SKILLED NURSING THROUGH TWO CENTERS FOR REHABILITATION AND NURSING CARE, HOME CARE AS WELL AS ADDITIONAL PROGRAMS FOR PEOPLE OF ALL ECONOMIC, RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. MJHS FOUNDATION ALSO PROVIDES SEED MONEY TO MEMBER AGENCIES FOR RESEARCH AND INNOVATION DESIGNED TO IMPROVE PATIENT CARE AND HEALTH OUTCOMES WHILE MANAGING COSTS. FUNDING COMES FROM GRATEFUL FAMILIES, GRANTS, CORPORATE AND PRIVATE DONORS AS WELL AS LAY LEADERSHIP AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wagner Ceo, President | OfficerTrustee | 1.9 | $0 |
Alexander Balko Director | Trustee | 0.5 | $0 |
David Koschitzki Chief Financial Officer | Officer | 0.04 | $0 |
Jeffrey Davis Former CFO | 0 | $0 | |
Robert Leamer Former Asst. Secretary | 0 | $0 | |
Christina Van Vort Assistant Secretary | Officer | 0.04 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $882,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,459,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,341,851 |
| Total Program Service Revenue | $0 |
| Investment income | $1,935,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,885,630 |
| Net Income from Fundraising Events | -$78,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,313,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,662,400 |
| 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. | $373,290 |
| Compensation of current officers, directors, key employees. | $37,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,298 |
| Pension plan accruals and contributions | $22,197 |
| Other employee benefits | $140,570 |
| Payroll taxes | $46,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,884 |
| Advertising and promotion | $63,704 |
| Office expenses | $70,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,989 |
| Travel | $2,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731 |
| Insurance | $0 |
| All other expenses | $133,634 |
| Total functional expenses | $4,292,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,300 |
| Savings and temporary cash investments | $7,282,490 |
| Pledges and grants receivable | $421,025 |
| 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 | $13,348 |
| Net Land, buildings, and equipment | $1,431 |
| Investments—publicly traded securities | $90,084,191 |
| Investments—other securities | $14,210,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,014,873 |
| Accounts payable and accrued expenses | $188,995 |
| Grants payable | $0 |
| Deferred revenue | $222,946 |
| 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 | $1,341,694 |
| Total liabilities | $1,753,635 |
| Net assets without donor restrictions | $110,063,370 |
| Net assets with donor restrictions | $197,868 |
| 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 | $112,014,873 |
Grants Awarded
Over the last fiscal year, Metropolitan Jewish Health System Foundation has awarded $2,662,011 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MJHS HOSPICE AND PALLIATIVE CARE PURPOSE: SUPPORT PROGRAMS | $1,452,726 |
INSTITUTE FOR APPLIED GERONTOLOGY PURPOSE: SUPPORT PROGRAMS | $1,052,203 |
MENORAH HOME AND HOSPITAL FOR THE AGED PURPOSE: SUPPORT PROGRAMS | $101,069 |
UJA FEDERATION OF NEW YORK PURPOSE: SUPPORT PROGRAMS | $10,221 |
ISABELLA GERIATRIC CENTER PURPOSE: SUPPORT PROGRAMS | $27,750 |
METROPOLITAN JEWISH HOME CARE INC PURPOSE: SUPPORT PROGRAMS | $8,485 |