Gambino Medical & Science Foundation Inc
- Assets
- $547.2k
- Revenue
- $809.9k
- Investments
- $0.0
- Employees
- 0
- Location
- North Bergen, NJ
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 13-3586460
Organization Overview
Gambino Medical & Science Foundation Inc is located in North Bergen, NJ. The organization was established in 1992. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Gambino Medical & Science 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, Gambino Medical & Science Foundation Inc generated $809.9k 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 (4.2%) each year. All expenses for the organization totaled $859.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gambino Medical & Science Foundation Inc has awarded 16 individual grants totaling $1,822,080. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas C Gambino President | 0 | $0 | |
Carl Gambino Secretary-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $176,827 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $633,050 |
| Total Revenue | $809,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187,501 |
| Total operating and administrative expenses | $193,501 |
| Contributions, gifts, grants paid | $666,040 |
| Total expenses and disbursements | $859,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,850 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $38,350 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $547,200 |
| Accounts payable and accrued expenses | $6,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,615 |
Grants Awarded
Over the last fiscal year, Gambino Medical & Science Foundation Inc has awarded $666,040 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWELL HEALTH FOUNDATION PURPOSE: 2020 TRAUMA | $200,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2020 PROFESSORSHIP | $200,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: ENDOWMENT GIFT | $100,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2020 PROFESSORSHIP INTEREST | $71,040 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2020 CHILD LIFE | $70,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: 2020 EPSTEIN | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gambino Medical & Science Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Kenneth Rosenberg Foundation New York, NY PURPOSE: UNRESTRICTED | $5,000 |
Friedman Family Foundation New York, NY PURPOSE: GENERAL FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Virtua Health Foundation Inc Marlton, NJ | $110,138,193 | $9,123,196 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |