Greater New York Hospital Foundation Inc
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1978
- Data as of
- 12/2022
- EIN
- 13-2954140
Organization Overview
Greater New York Hospital Foundation Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Greater New York Hospital 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 12/2022, Greater New York Hospital Foundation Inc generated $1.4m 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 (18.5%) each year. All expenses for the organization totaled $974.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Greater New York Hospital Foundation Inc has awarded 44 individual grants totaling $14,189,466. 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
TO IDENTIFY AND IMPLEMENT INNOVATIVE SOLUTIONS TO CHALLENGES FACING THE HEALTH CARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDUCE CLINICIAN BURNOUT (WELLNESS): THIS PROJECT AIMS TO IMPROVE THE WELL-BEING OF CLINICIANS PROVIDING SERVICES AT FIVE SAFETY-NET HOSPITALS IN NEW YORK CITY'S MOST VULNERABLE COMMUNITIES. IN DECEMBER 2021, THE FOUNDATION WAS AWARDED A GRANT BY THE MOTHER CABRINI HEALTH FOUNDATION TO ADDRESS AN OFTEN-OVERLOOKED ROOT CAUSE OF CLINICIAN BURNOUT, THE STRAINED RELATIONSHIPS BETWEEN AN ORGANIZATION'S SENIOR LEADERS AND THE FRONTLINE CLINICIANS RESPONSIBLE FOR THE DELIVERY OF PATIENT CARE.
BUILDING AN INFRASTRUCTURE TO SUSTAIN QUALITY IMPROVEMENT INITIATIVE (QII): THIS INITIATIVE AIMS TO STRENGTHEN QUALITY IMPROVEMENT EDUCATION AND TRAINING FOR PHYSICIANS, NURSES AND PHYSICIAN ASSISTANTS AND TO SUPPORT HOSPITALS IN IMPROVING PATIENT ACCESS TO AMBULATORY SPECIALTY CARE.
EMERGENCY PREPAREDNESS FOR NURSING FACILITIES (EMERGENCY PREPAREDNESS): THIS PROJECT'S GOAL IS TO CONDUCT OUTREACH TO ALL NYC-BASED NURSING FACILITIES AND SUPPORT THEIR EMERGENCY PREPAREDNESS CAPABILITIES, INCLUDING COMMUNICATIONS AND SITUATIONAL AWARENESS, HEALTHCARE COALITION DEVELOPMENT, STAFFING NEEDS, EDUCATION, AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Gibbs Chair | OfficerTrustee | 0.13 | $0 |
Kathryn Martin Vice Chair | OfficerTrustee | 0.13 | $0 |
Mitchell Katz Vice Chair (h & H) | OfficerTrustee | 0.13 | $0 |
Jeffrey I Farber Vice Chair Lt Care (began 5/2022) | OfficerTrustee | 0.13 | $0 |
Philip Ozuah Treasurer | OfficerTrustee | 0.13 | $0 |
Patrick M O'shaughnessy Secretary (began 5/2022) | OfficerTrustee | 0.13 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Studio Elsewhere Llc Dgn, Engineering & Instl Of Studio | 12/30/21 | $225,000 |
Fund For The City Of New York Inc Subcontracting | 12/30/21 | $155,900 |
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 | $1,125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,125,000 |
| Total Program Service Revenue | $256,423 |
| Investment income | $1,032 |
| 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 | $1,382,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $87,814 |
| Compensation of current officers, directors, key employees. | $22,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,488 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,963 |
| All other expenses | $0 |
| Total functional expenses | $974,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $450,000 |
| 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 | $50,625 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,068 |
| Total assets | $1,523,075 |
| Accounts payable and accrued expenses | $212,851 |
| 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 | $96,198 |
| Total liabilities | $309,049 |
| Net assets without donor restrictions | $85,305 |
| Net assets with donor restrictions | $1,128,721 |
| 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 | $1,523,075 |
Grants Awarded
Over the last fiscal year, Greater New York Hospital Foundation Inc has awarded $2,500,400 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NYC HEALTH HOSPITALS PURPOSE: COVID SUPPORT | $879,701 |
MONTEFIORE HEALTH SYSTEM PURPOSE: COVID SUPPORT | $447,684 |
MAIMONIDES MEDICAL CENTER PURPOSE: COVID SUPPORT | $233,109 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: COVID SUPPORT | $152,858 |
ONE BROOKLYN HEALTH PURPOSE: COVID SUPPORT | $126,491 |
BRONXCARE HEALTH SYSTEM PURPOSE: COVID SUPPORT | $119,421 |