Northwell Health Foundation
- Assets
- $466.1m
- Revenue
- $116.7m
- Investments
- $0.0
- Employees
- 105
- Location
- Westbury, NY
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 11-2965575
Organization Overview
Northwell Health Foundation is located in Westbury, NY. The organization was established in 1994. 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 12/2022, Northwell Health Foundation employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwell Health 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, Northwell Health Foundation generated $116.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $87.3m during the year ending 12/2022. While expenses have increased by 5.5% 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.
Since 2014, Northwell Health Foundation has awarded 87 individual grants totaling $468,187,506. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION'S MISSION IS TO SOLICIT, RECEIVE AND ADMINISTER FUNDS TO BE USED FOR MAJOR MODERNIZATION AND OTHER HEALTH CARE RELATED SERVICES FOR NORTHWELL HEALTH, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS IN SUPPORT OF NORTHWELL HEALTH, INCLUDING GIFTS, FOR THE EXPANSION, MODERNIZATION, AND MEDICAL CARE FOR THE AFFILIATED HEALTH CARE ORGANIZATIONS WITHIN NORTHWELL HEALTH. THE PHILANTHROPY ENABLES NORTHWELL TO INNOVATE IN THE ADVANCEMENT OF HEALTH CARE STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dowling President & CEO | OfficerTrustee | 0 | $0 |
Mark Solazzo Evp & COO | Officer | 0 | $0 |
Jeffrey Kraut Evp Strategy & Analytics | Officer | 0 | $0 |
Joseph Moscola Evp, Enterprise Management | Officer | 0 | $0 |
David Battinelli Evp & Physician In Chief | Officer | 0 | $0 |
Michele Cusack Evp & CFO | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shadow Box Design Management Event Planning | 12/30/22 | $540,853 |
Eventage Event Production Event Planning | 12/30/22 | $234,614 |
The August Jackson Company Consulting | 12/30/22 | $209,250 |
Merkle Inc Marketing | 12/30/22 | $161,330 |
Blackbaud Maintenance Svcs | 12/30/22 | $151,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,469,732 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,198,358 |
| Noncash contributions included in lines 1a–1f | $1,155,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,668,090 |
| Total Program Service Revenue | $0 |
| Investment income | $1,521,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,550 |
| Net Gain/Loss on Asset Sales | $1,140,355 |
| Net Income from Fundraising Events | -$2,629,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,719,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,389,682 |
| 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. | $1,005,384 |
| Compensation of current officers, directors, key employees. | $106,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,061,004 |
| Pension plan accruals and contributions | $617,600 |
| Other employee benefits | $2,125,161 |
| Payroll taxes | $821,454 |
| Fees for services: Management | $689,128 |
| Fees for services: Legal | $23,170 |
| 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 | $8,111 |
| Advertising and promotion | $242,120 |
| Office expenses | $1,249,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $788,785 |
| Travel | $226,678 |
| 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 | $126,544 |
| Insurance | $10,478 |
| All other expenses | $0 |
| Total functional expenses | $87,263,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,194,842 |
| Pledges and grants receivable | $154,659,611 |
| 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 | $3,227 |
| Net Land, buildings, and equipment | $904,005 |
| Investments—publicly traded securities | $225,372,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,977,499 |
| Total assets | $466,111,453 |
| Accounts payable and accrued expenses | $3,727,726 |
| 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 | $5,351,400 |
| Total liabilities | $9,079,126 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $457,032,327 |
| 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 | $466,111,453 |
Grants Awarded
Over the last fiscal year, Northwell Health Foundation has awarded $61,389,682 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH SHORE UNIVERSITY HOSPITAL PURPOSE: GENERAL SUPPORT | $8,510,484 |
LONG ISLAND JEWISH MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $22,162,672 |
FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH PURPOSE: GENERAL SUPPORT | $13,968,010 |
SOUTH SHORE UNIVERSITY HOSPITAL PURPOSE: GENERAL SUPPORT | $3,353,949 |
GLEN COVE HOSPITAL PURPOSE: GENERAL SUPPORT | $1,309,445 |
LENOX HILL HOSPITAL PURPOSE: GENERAL SUPPORT | $7,255,367 |