The Vellore Christian Medical College Foundation Inc
- Assets
- $11.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 07/1946
- Data as of
- 12/2021
- EIN
- 13-2735359
Organization Overview
The Vellore Christian Medical College Foundation Inc is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Vellore Christian Medical College Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vellore Christian Medical College Foundation Inc 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 12/2021, Vellore Christian Medical College Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RAISES FUNDS AND PROVIDES SUPPORT FOR PROGRAMS, HIGHER EDUCATION, AND MEDICAL RESEARCH AT THE CHRISTIAN MEDICAL COLLEGE ("CMC") IN VELLORE, INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VELLORE CMC FOUNDATION IS THE U.S. FACE OF THE CMC HOSPITAL AND MEDICAL SCHOOL IN VELLORE, INDIA. IT RAISES FUNDS FOR ADVANCED MEDICAL EDUCATION AND RESEARCH; SUPPORTS CAPITAL PROJECTS; ASSISTS CMC ALUMNI AND US STUDENTS VISITING VELLORE; AND FURTHERS AWARENESS OF THE FOUNDER DR. IDA S. SCUDDER'S LIFE WORK AND ETHOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Riehl President | Officer | 40 | $186,953 |
Patricia Carroll Dir. Of Bus. And Fin. | Officer | 40 | $98,545 |
Binu Varughese Treasurer | OfficerTrustee | 2 | $0 |
David Reines MD Secretary | OfficerTrustee | 2 | $0 |
Margaret Kumar PHD Vice Chair | OfficerTrustee | 2 | $0 |
Philip Ninan MD Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,699,399 |
| Noncash contributions included in lines 1a–1f | $499,482 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,823,599 |
| Total Program Service Revenue | $0 |
| Investment income | $140,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $467,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,431,468 |
| 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 | $2,739,619 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $306,151 |
| Compensation of current officers, directors, key employees. | $103,448 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,742 |
| Pension plan accruals and contributions | $3,817 |
| Other employee benefits | $8,126 |
| Payroll taxes | $37,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $954 |
| Fees for services: Accounting | $40,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,112 |
| Fees for services: Other | $34,089 |
| Advertising and promotion | $0 |
| Office expenses | $66,994 |
| Information technology | $11,132 |
| Royalties | $0 |
| Occupancy | $25,629 |
| Travel | $744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $843 |
| Insurance | $12,653 |
| All other expenses | $0 |
| Total functional expenses | $3,481,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,925 |
| Savings and temporary cash investments | $1,507,250 |
| Pledges and grants receivable | $51,781 |
| 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 | $41,060 |
| Net Land, buildings, and equipment | $4,014 |
| Investments—publicly traded securities | $9,447,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,332 |
| Total assets | $11,427,824 |
| Accounts payable and accrued expenses | $160,234 |
| 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 | $153,347 |
| Total liabilities | $313,581 |
| Net assets without donor restrictions | $5,577,142 |
| Net assets with donor restrictions | $5,537,101 |
| 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 | $11,427,824 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that The Vellore Christian Medical College Foundation Inc has recieved totaling $1,324,028.
| Awarding Organization | Amount |
|---|---|
Montefiore Medical Center Bronx, NY PURPOSE: COVID relief | $1,010,408 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $163,439 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $99,601 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $24,100 |
Morrison & Foerster Foundation San Francisco, CA PURPOSE: COVID-19 EMERGENCY RESPONSE | $10,000 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS | $9,000 |
Endowment Analysis
| Beg. Balance | $8,058,400 |
| Earnings | $1,111,491 |
| Net Contributions | $465,000 |
| Other Expense | $250,000 |
| Grants | $418,088 |
| Ending Balance | $8,966,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of I D C New York, NY | $14,623,044 | $14,040,962 |
Impactisrael Inc Needham, MA | $24,207,913 | $9,440,610 |
Western Wall Heritage Foundation Inc New York, NY | $25,127,804 | $7,810,412 |
American Academy In Berlin New York, NY | $65,074,118 | $12,729,406 |
Pardes Institute Of Jewish Studies North America Inc New York, NY | $14,479,491 | $5,447,773 |
American Friends Of Israel Organizations Inc Brooklyn, NY | $35,926 | $5,743,615 |
American Friends Of Bais Hamedresh Taharos Airmont, NY | $520,715 | $5,151,497 |
Kolel Chibas Jerusalem Brooklyn, NY | $2,229,952 | $6,000,349 |
American Friends Of The Rambam Medical Center New York, NY | $4,936,949 | $3,958,542 |
Oxford University Development North America Inc New York, NY | $1,680,155 | $4,245,191 |
The Vellore Christian Medical College Foundation Inc New York, NY | $11,427,824 | $4,431,468 |
The American Friends Of The British Museum Inc New York, NY | $2,180,959 | $995,747 |