New York-Presbyterian Fund Inc
- Assets
- $3.4b
- Revenue
- $229.3m
- Investments
- $20.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 13-3160356
Organization Overview
New York-Presbyterian Fund Inc is located in New York, NY. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York-Presbyterian Fund 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, New York-Presbyterian Fund Inc generated $229.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $253.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE, SOLICIT & ADMINISTER FUNDS TO BE APPLIED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES, PRIMARILY FOR BENEFIT OF HEALTH CARE RELATED CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
NEW YORK-PRESBYTERIAN FUND INC. IS ORGANIZED TO SOLICIT, RECEIVE, ADMINISTER FUNDS AND PROVIDE MALPRACTICE INSURANCE TO BE APPLIED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, PRIMARILY FOR THE BENEFIT OF 501(C)(3) HEALTH CARE RELATED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rasco Graphics Print Production | 12/30/22 | $655,289 |
Blackbaud Inc Software Maintenance | 12/30/22 | $647,792 |
Cvent Inc Media And Event Consultant | 12/30/22 | $247,869 |
Dobson Craig And Associates Audio Visual | 12/30/22 | $268,134 |
10 South Street Banquet Banquet Operator | 12/30/22 | $216,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $106 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,137,482 |
| Noncash contributions included in lines 1a–1f | $7,807,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,137,588 |
| Total Program Service Revenue | $48,518,743 |
| Investment income | $1,533,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,251,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,442,800 |
| Grants and other assistance to domestic individuals. | $2,063,406 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,922,214 |
| Compensation of current officers, directors, key employees. | $1,925,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,993,194 |
| Pension plan accruals and contributions | $890,847 |
| Other employee benefits | $3,117,267 |
| Payroll taxes | $1,134,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $372,634 |
| Fees for services: Accounting | $162,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $185,840 |
| Fees for services: Investment Management | $130,220 |
| Fees for services: Other | $2,999,209 |
| Advertising and promotion | $0 |
| Office expenses | $936,396 |
| Information technology | $148,934 |
| Royalties | $0 |
| Occupancy | $2,157,649 |
| Travel | $84,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,682 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,039 |
| Insurance | $86,772,432 |
| All other expenses | $0 |
| Total functional expenses | $253,281,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,257,428 |
| Savings and temporary cash investments | $121,984,456 |
| Pledges and grants receivable | $398,997,897 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,259,635 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,500 |
| Investments—publicly traded securities | $588,216 |
| Investments—other securities | $20,043,354 |
| Investments—program-related | $161,248,083 |
| Intangible assets | $0 |
| Other assets | $2,636,874,218 |
| Total assets | $3,362,290,787 |
| Accounts payable and accrued expenses | $407,159 |
| 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 | $87,550,167 |
| Total liabilities | $87,957,326 |
| Net assets without donor restrictions | $751,547,483 |
| Net assets with donor restrictions | $2,522,785,978 |
| 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 | $3,362,290,787 |
Grants Awarded
Over the last fiscal year, New York-Presbyterian Fund Inc has awarded $136,440,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK AND PRESBYTERIAN HOSPITAL PURPOSE: SUPPORT | $136,434,222 |
NEWYORK-PRESBYTERIANBROOKLYN METHODIST PURPOSE: SUPPORT | $5,878 |