Fojp Service Corporation
- Assets
- $0.0
- Revenue
- $133.2m
- Investments
- $0.0
- Employees
- 139
- Location
- New York, NY
- Founding
- 10/1983
- Data as of
- 12/2019
- EIN
- 13-2914141
Organization Overview
Fojp Service Corporation is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Fojp Service Corporation employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fojp Service Corporation 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 12/2019, Fojp Service Corporation generated $133.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $136.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOJP'S RISK MANAGEMENT AND INSURANCE SERVICES ARE PROVIDED THROUGH THE FOLLOWING PROGRAMS: (I) PROFESSIONAL AND GENERAL LIABILITY INSURANCE SERVICES FOR HOSPITALS AND THEIR EMPLOYED PHYSICIANS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE HOSPITALS; (II) GENERAL LIABILITY AND PROFESSIONAL LIABILITY INSURANCE SERVICES FOR THE SOCIAL SERVICE AGENCIES THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE SOCIAL SERVICE AGENCIES; (III) GROUP AND INDIVIDUAL ENTITY COMMERCIAL PROPERTY AND LIABILITY INSURANCE SERVICES FOR ALL BENEFICIARY ORGANIZATIONS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE BENEFICIARY ORGANIZATIONS; AND (IV) MANAGEMENT AND CLAIMS SERVICES FOR HOSPITALS INSURANCE COMPANY, INC. ("HIC") A RELATED ORGANIZATION, WHICH IS A NEW YORK DOMICILED INSURANCE COMPANY THAT PRINCIPALLY WRITES PHYSICIAN MEDICAL MALPRACTICE INSURANCE THAT IS CONTROLLED BY THE MOUNT SINAI HOSPITAL ("MT. SINAI"), BETH ISRAEL MEDICAL CENTER ("BETH ISRAEL"), MONTEFIORE MEDICAL CENTER ("MONTEFIORE") AND MAIMONIDES MEDICAL CENTER ("MAIMONIDES") AS OF 12/31/19 ALL OF WHICH ARE SUPPORTED INSTITUTIONS OF FOJP.
FOJP'S RISK MANAGEMENT AND INSURANCE SERVICES ARE PROVIDED THROUGH THE FOLLOWING PROGRAMS: (I) PROFESSIONAL AND GENERAL LIABILITY INSURANCE SERVICES FOR HOSPITALS AND THEIR EMPLOYED PHYSICIANS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE HOSPITALS; (II) GENERAL LIABILITY AND PROFESSIONAL LIABILITY INSURANCE SERVICES FOR THE SOCIAL SERVICE AGENCIES THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE SOCIAL SERVICE AGENCIES; (III) GROUP AND INDIVIDUAL ENTITY COMMERCIAL PROPERTY AND LIABILITY INSURANCE SERVICES FOR ALL BENEFICIARY ORGANIZATIONS THAT WOULD OTHERWISE HAVE TO BE PERFORMED AS INTERNAL ACTIVITIES BY THE BENEFICIARY ORGANIZATIONS; AND (IV) MANAGEMENT AND CLAIMS SERVICES FOR HOSPITALS INSURANCE COMPANY, INC. ("HIC") A RELATED ORGANIZATION, WHICH IS A NEW YORK DOMICILED INSURANCE COMPANY THAT PRINCIPALLY WRITES PHYSICIAN MEDICAL MALPRACTICE INSURANCE THAT IS CONTROLLED BY THE MOUNT SINAI HOSPITAL ("MT. SINAI"), BETH ISRAEL MEDICAL CENTER ("BETH ISRAEL"), MONTEFIORE MEDICAL CENTER ("MONTEFIORE") AND MAIMONIDES MEDICAL CENTER ("MAIMONIDES") AS OF 12/31/19 ALL OF WHICH ARE SUPPORTED INSTITUTIONS OF FOJP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Harris President & CEO | OfficerTrustee | 33 | $2,129,211 |
Peter Kolbert Svp, Claim | Officer | 50 | $1,272,901 |
Robert Kauffman Svp, General Counsel | Officer | 33 | $1,190,899 |
Noeleen Doelger SVP & CFO | Officer | 33 | $1,105,297 |
Damian Testa Svp, Insurance & Risk Manager | Officer | 50 | $546,729 |
Frederick Danback Vp, Cio | Officer | 50 | $484,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcaloon Friedman Pc Legal Services | 12/30/19 | $8,242,176 |
Aaronsonrappaportfeinsteindeutsc Legal Services | 12/30/19 | $5,993,038 |
Wilsonelsermoskowitzedelman Di Legal Services | 12/30/19 | $7,171,366 |
Shaub Ahmuty Citrin Spratt Llp Legal Services | 12/30/19 | $3,370,466 |
Heidell Pittoni Murphy Bach Legal Services | 12/30/19 | $3,854,714 |
Wilsonelsermoskowitzedelman Di Legal Services | 12/30/19 | $7,171,366 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $133,073,181 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,167,236 |
| 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. | $5,231,699 |
| Compensation of current officers, directors, key employees. | $2,092,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,959,484 |
| Pension plan accruals and contributions | $995,838 |
| Other employee benefits | $1,721,864 |
| Payroll taxes | $764,741 |
| Fees for services: Management | $490,717 |
| Fees for services: Legal | $35,906 |
| Fees for services: Accounting | $238,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,625 |
| Advertising and promotion | $0 |
| Office expenses | $84,842 |
| Information technology | $723,492 |
| Royalties | $0 |
| Occupancy | $1,596,391 |
| Travel | $77,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $478,886 |
| All other expenses | $1,363,372 |
| Total functional expenses | $136,419,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fojp Service Corporation has recieved totaling $1,200,000.
| Awarding Organization | Amount |
|---|---|
United Jewish Appeal Federation Of Jewish Philanthropies Of Ny Inc New York, NY PURPOSE: CARING / JEWISH LIFE | $600,000 |
United Jewish Appeal Federation Of Jewish Philanthropies Of Ny Inc New York, NY PURPOSE: CARING / JEWISH LIFE | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fojp Service Corporation New York, NY | $0 | $133,167,236 |
New York Cares Inc New York, NY | $12,673,380 | $10,937,710 |
Team Impact Quincy, MA | $6,365,715 | $6,936,504 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Philadelphia, PA | $10,104,275 | $5,797,166 |
Donors Of Color Network Inc Brooklyn, NY | $9,312,843 | $11,449,203 |
Bain Capital Childrens Charity Ltd Boston, MA | $1,752,324 | $1,635,369 |
Volunteer Service Bureau Of Westchester Inc Tarrytown, NY | $1,300,599 | $1,573,164 |
Volunteer Center Of Bergen County Inc Hackensack, NJ | $1,011,526 | $1,519,256 |
Rsvp Volunteers King Of Prussia, PA | $564,421 | $1,056,707 |
Servants Inc Red Lion, PA | $201,163 | $976,458 |
Cusack Community Service Corporation Albany, NY | $3,241 | $179 |
Prime Produce Limited New York, NY | $1,278,363 | $1,790,350 |