New York-Presbyterian Fund Inc
- Assets
- $3.2b
- Revenue
- $309.4m
- Investments
- $83.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2000
- Data as of
- 12/2020
- 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 12/2020, New York-Presbyterian Fund Inc generated $309.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $260.9m during the year ending 12/2020. While expenses have increased by 5.8% per year over the past 6 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
2020
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:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Inc Software Maintenance | 12/30/21 | $644,661 |
Rasco Graphics Print Production | 12/30/21 | $386,374 |
Stratosphere Multimedia Llc Video Production Service | 12/30/21 | $225,793 |
Dobson Craig And Associates Audio Visual | 12/30/21 | $189,150 |
Brightvine Solutions Technology Consultant | 12/30/21 | $183,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,780,046 |
| Investment income | $1,006,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,299 |
| Net Income from Fundraising Events | $348,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,360,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,312,154 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,649,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,085,265 |
| Pension plan accruals and contributions | $874,233 |
| Other employee benefits | $3,491,463 |
| Payroll taxes | $1,195,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299,848 |
| Fees for services: Accounting | $152,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $293,340 |
| Fees for services: Investment Management | $105,673 |
| Fees for services: Other | $2,919,018 |
| Advertising and promotion | $0 |
| Office expenses | $1,318,890 |
| Information technology | $137,321 |
| Royalties | $0 |
| Occupancy | $2,221,082 |
| Travel | $150,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,800 |
| Insurance | $80,781,516 |
| All other expenses | $0 |
| Total functional expenses | $260,929,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,358,355 |
| Savings and temporary cash investments | $164,538,683 |
| Pledges and grants receivable | $341,901,002 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,253,143 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $608,782 |
| Investments—other securities | $83,564,846 |
| Investments—program-related | $177,379,461 |
| Intangible assets | $0 |
| Other assets | $2,455,494,448 |
| Total assets | $3,232,360,059 |
| Accounts payable and accrued expenses | $2,552,368 |
| 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 | $84,151,955 |
| Total liabilities | $86,704,323 |
| 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 |
| Total liabilities and net assets/fund balances | $3,145,655,736 |
Grants Awarded
Over the last fiscal year, New York-Presbyterian Fund Inc has awarded $148,663,556 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Healthcare | $148,493,676 |
New York, NY PURPOSE: Healthcare | $169,880 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New York-Presbyterian Fund Inc has recieved totaling $35,750.
| Awarding Organization | Amount |
|---|---|
Taubman Foundation For The Arts Roanoke, VA PURPOSE: OPERATING CONTRIBUTION | $25,000 |
Peter And Deborah Lamm Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $10,000 |
Arison Family Foundation Basking Ridge, NJ PURPOSE: GENERAL CONTRIBUTION | $750 |
Endowment Analysis
| Beg. Balance | $456,234,109 |
| Earnings | $60,061,411 |
| Admin Expense | $3,467,713 |
| Other Expense | $29,432 |
| Ending Balance | $512,798,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yale New Haven Health Services Corporation New Haven, CT | $2,533,997,745 | $836,585,241 |
New York-Presbyterian Fund Inc New York, NY | $3,232,360,059 | $309,360,854 |
Associated Physicians Of Harvard Faculty Physicians At Beth Isreal Boston, MA | $30,660,793 | $173,206,517 |
Summit Physician Services York, PA | $14,991,039 | $137,854,804 |
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Childrens Orthopaedic Surgery Foundation Inc Boston, MA | $150,881,893 | $69,430,775 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Boston Childrens Heart Foundation Boston, MA | $101,329,197 | $54,530,838 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |